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United States · Official source
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
United States · United States Congress · 6 December 1977
Amends the Internal Revenue Code to establish special procedures for the treatment of dividends paid by small business investment companies which elect to be taxed as regulated investment companies.
United States · United States Congress · 6 December 1977
Declares it the sense of the House of Representatives that the people of Egypt and Israel be congratulated and encourages the states of the Middle East to begin direct negotiations for peace in the Middle East.
United States · United States Congress · 30 November 1977
Expresses the sense of the Congress that the services and contributions of school volunteers be recognized, and requests the President of the United States to issue a proclamation in recognition of this fact.
United States · United States Congress · 29 November 1977
Prohibits use or supply of false documentation, false information, or birth or immigration documents of another for purposes of obtaining a Federal document containing an element of identification. Forbids commerce in such information, documentation, or official documents for purposes of securing a State or local government document containing an element of identification. Proscribes specified acts relative to: (1) forgery, counterfeiting, or alteration of Federal, State, or local government documents containing an element of identification: (2) interstate or foreign commerce in any such counterfeited, forged, or altered document; and (3) receipt, possession, use, or furnishing of any such document with intent to secure false official identification.
United States · United States Congress · 29 November 1977
Equal Housing Opportunity Amendments - Amends the Rural Development Act of 1972 to require that loan guarantees from the Farmers Home Administration be under terms and restrictions no less favorable to borrowers than those offered by the Department of Housing and Urban Development.
United States · United States Congress · 4 November 1977
Telephone Privacy Act - Amends the Communications Act of 1934 to prohibit unsolicited commercial telephone calls to a telephone subscriber who has notified the telephone company that he does not wish to receive such calls. Directs the Federal Communications Commission to prescribe regulations specifying the manner in which a telephone subscriber shall notify the telephone company that he does not wish to receive unsolicited calls. Prescribes criminal penalties for violations of this Act. Excludes from the definition of "unsolicited commercial telephone calls" calls made in response to an express request of the individual called or made in connection with an overdue debt or contractual obligation.
United States · United States Congress · 4 November 1977
Authorizes and requests the President to designate November 19, 1977, as "National Family Day."
United States · United States Congress · 4 November 1977
Declares it the sense of the Congress that the President direct the United States delegation to the Belgrade Conference to place the issue of the arrest, trial, and conviction of Mykola Rudenko and Oleska Tykhy before the Conference.
United States · United States Congress · 3 November 1977
Amends the Internal Revenue Code to allow certain individuals to compute the amount of the deduction for retirement savings on the basis of the earned income of their spouses.
United States · United States Congress · 3 November 1977
Small Business Management and Productivity Assistance Act - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make grants to colleges and universities, States, State-chartered development credit corporations, or to any corporation formed by two or more of the above mentioned entities for studies, research, and counseling concerning the management, financing, productivity, and operation of small business enterprises. Permits the SBA to provide technical and managerial assistance to small business concerns, including advice with respect to increasing productivity.
United States · United States Congress · 3 November 1977
Biennial Budgeting Act - Amends the Congressional Budget Act of 1974 to establish a two-year cycle for the congressional budget process. Requires each standing committee of Congress to review the laws and programs under its jurisdiction every other year and to consider the desirability of new legislation in such areas. Requires separate consideration for authorizing legislation, budget resolutions, and appropriation bills.
United States · United States Congress · 3 November 1977
Saint Lawrence Seaway Development Corporation Refinancing Act - Requires the Saint Lawrence Seaway Development Corporation to deposit in the general fund of the Treasury within 180 days after the end of each calendar year toll revenues for such year which exceed the sum of operating and maintenance costs, depreciation, and payments in lieu of taxes during such year. Stipulates that the rates imposed by the Corporation shall provide sufficient revenues in each calendar year to provide the Corporation with a rate of return of any investment of the United States in the Saint Lawrence Seaway which is equal to the rate of return receivable by the Saint Lawrence Seaway Authority of Canada on such investments by the Government of Canada.
United States · United States Congress · 3 November 1977
Interstate Taxation of Depositories Act - Title I: Jurisdiction to Tax - Allows States and political subdivisions to impose a doing-business tax on a depository bank which has a business location in the State or political subdivision during the taxable year. Title II: Maximum Percentage of Income, Receipts, or Capital Attributable to Taxing Jurisdiction - Sets forth an optional formula for apportioning such interstate tax, whereby a State may not impose, for any taxable year on a depository taxable in more than one State, a doing-business tax measured by an amount of net income, gross receipts, or capital in excess of the amount determined by multiplying the depository's base by an apportionment fraction; the numerator of which is the sum of the payroll factor and the receipts factor and the denominator of which is two. Provides that a depository may be taxed in more than one State if the requisite jurisdiction exists. Allows States to require combined reporting, including the combined base and apportionment factors of all corporations affiliated with such depository. Sets forth exceptions to this reporting requirement, including corporations incorporated outside of the United States. Defines the payroll and receipts factors which constitute the apportionment fraction. Excludes from net income and gross receipts; (1) dividends received from a corporation in which such depository owns at least 80 percent of the voting stock, or (2) all income which is considered income from sources outside the United States. Excludes from the capital of a depository, investments in, and advancements to, affiliated corporations. Title III: Definitions and Miscellaneous Provisions - Defines the terms used in this Act. Prohibits discriminatory imposition of a doing-business tax on specified depositories.
United States · United States Congress · 3 November 1977
Federal Emergency Assistance and Preparedness Act - Establishes the Federal Emergency Assistance and Preparedness Administration headed by a Director who shall be a permanent member of the National Security Council. Requires the Director to establish within the Administration the Offices of Disaster Assistance, Emergency Preparedness, and Program Evaluation, and an Emergency Information Center. Requires the Administration to implement and coordinate all Federal disaster assistance and emergency preparedness programs; develop policies with respect to industrial mobilization and economic readiness for emergencies relating to the national defense, undertake research and development to improve programs under its cognizance six; and to gather data on natural, economic, and other phenomena for predicting and planning for industrial and economic mobilization and emergencies and disasters. Directs the Director to make such collected data available to the public and to provide such data to States and localities on a regular basis. Requires the heads of Federal agencies with jurisdiction over any program relating to emergency preparedness or disaster assistance to report annually to the Director on the status of such program. Requires the Director to coordinate such programs with States and localities participating in or applying for such assistance. Transfers to the Administration the functions and authorities of specified agencies respecting programs within the Administration's jurisdiction. Requires the Administration to report annually to Congress. Extends until September 30, 1980, the termination dates of specified provisions of the Federal Civil Defense Act, including those which empower the President to declare a civil defense emergency.
United States · United States Congress · 3 November 1977
Independent Local Newspaper Act - Amends the Internal Revenue to promote the survival of independent newspapers by providing for the establishment of tax exempt trusts for paying estate taxes on such papers, and by postponing the payment of estate taxes on such papers.
United States · United States Congress · 26 October 1977
Alcohol Fuel Encouragement Act - Requires all gasoline stations, within three years of the passage of this Act, to sell a mixture of gasoline and alcohol in the same manner as they sell gasoline. Imposes a civil penalty for violations of such requirement. Amends the Internal Revenue Code to allow rapid amortization of facilities producing alcohol for use as a fuel in motor vehicles. Amends the Clean Air Act with respect to the authority of the Environmental Protection Agency to regulate the use of alcohol as a fuel additive.
United States · United States Congress · 25 October 1977
Amends the Federal Home Loan Mortgage Corporation Act to prohibit the Federal Home Loan Mortgage Corporation from issuing or applying rules or regulations which have the effect of excluding mortgagees approved by the Secretary of the Department of Housing and Urban Development for participation in specified mortgage insurance programs from the servicing of mortgages sold to the Corporation.
United States · United States Congress · 19 October 1977
Amends the Small Business Investment Company Act of 1958 to permit small business investment companies to issue debentures to the Small Business Administration for a term of no more than 15 years, provided that when such debentures are held to maturity, interest will be paid at a rate not less than that stated in this Act.
United States · United States Congress · 17 October 1977
National Historic Preservation Policy Act - Title I: Declaration of National Historic Preservation Policy - Declares that it is the duty of the Federal Government, in cooperation with other nations, the States, local communities, and private organizations and individuals, to promote the preservation and conservation of the historic, architectural, archeological, and cultural properties of the United States and of the international community of Nations. Title II: National Historic Preservation Program - Renames the Advisory Council on Historic Preservation as the Council on Historic Preservation. States that such Council is to administer specified Acts which relate to the historic preservation responsibilities of the Secretary of the Interior and the National Park Service. Requires the Council, in furtherance of the Convention Concerning the Protection of the World Cultural and Natural Heritage, to establish a program to nominate historic and cultural properties of universal significance to the World Heritage Committee. Directs the Council to promote nominations to the National Register of Historic Places of any properties proposed for sale, transfer, demolition or substantial alteration as a result of any Federal agency action, to provide training, information and advice concerning techniques for the preservation of historic and cultural properties, to establish a program for the emergency acquisition of property included in the National Register and threatened with immediate demolition, to evaluate other Federal agencies programs and make recommendations to further coordination, and to report to the President and Congress on the national historic preservation program. Requires all Federal agencies, in cooperation with the appropriate State historic preservation officer, to nominate to the National Register all eligible districts, sites, buildings, structures and objects under the jurisdiction or control of such agency or that may be affected by agency action, and to assume responsibility for the preservation of such properties included or eligible to be included in the National Register. Allows the transfer of control of such properties to the Secretary of the Interior. Title III: Maritime Preservation Program - Directs the Council to establish a separate section of properties significant in American maritime history, architecture, archaeology, and culture within the National Register and accompanying programs of matching grants-in-aid and demonstration grants-in-aid to States and local governments and nonprofit organizations whose purpose is the preservation of such properties. Subjects grants to terms and conditions as the Council deems appropriate. Directs the Council to: (1) issue rules and regulations providing, but not limited to, a requirement that each grant recipient obligate all funds by January 1, 1981; (2) submit annual reports on the maritime heritage preservation program to Congress; and (3) report to the President and Congress on the effectiveness and future needs of the program by January 31, 1981. Establishes the Maritime Heritage Fund, which shall cover $50,000,000 each fiscal year 1978 through 1981, from revenues under the Outer Continental Shelf Lands Act. Requires for each fiscal year the National Trust for Historic Preservation receive ten percent of the appropriation for its maritime preservation activities; up to 25 percent may be used for demonstration grants; and the number of members appointed to the Council by the President be increased to 13, one of whom shall have experience in maritime preservation. Title IV: Administrative Provisions - Provides for the administration of the Historic Preservation Fund for fiscal years 1978 through 1981. Requires each Federal agency to expend appropriated funds for the maintenance of properties included in the National Register under its jurisdiction or control.
United States · United States Congress · 17 October 1977
Declares it the sense of Congress that the proposed toll increases on the Saint Lawrence Seaway should not be adopted and that negotiations on new tolls should be reopened, and if any toll increases are necessary, such increases should be minimal.
United States · United States Congress · 13 October 1977
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 · 13 October 1977
Veterans' Educational Equity Act - Provides for payment of a supplemental tuition allowance to each qualified veteran upon application to the Administrator of Veterans' Affairs. Extends the delimiting period for completing a veteran's education program for up to two years if at the close of the ordinary ten-year delimiting period the veteran is enrolled in a program.
United States · United States Congress · 12 October 1977
Amends the Civil Rights Act of 1964 to include as an unlawful employment practice discrimination on the basis of physical handicap.
United States · United States Congress · 12 October 1977
Amends the Regional Rail Reorganization Act of 1973 to authorize the Secretary of Transportation to guarantee securities and obligations issued by a railroad in reorganization to State and local taxing authorities to secure the railroad's tax obligations when the Consolidated Rail Corporation, the United States Railway Association, or the Federal Government asserts a superior interest in payment out of the estate of such railroad during reorganization or liquidation proceedings under the Bankruptcy Act. Directs the Secretary, if sufficient funds are unavailable to discharge such guarantees, to issue notes or other obligations to the Secretary of the Treasury. Authorizes the Secretary of the Treasury to sell such olbigations. Authorizes appropriations in such amounts as may be necessary to discharge all of the Secretary of Transportation's obligations under this Act.
United States · United States Congress · 12 October 1977
National Oil Recycling Act - Amends the Energy Policy and Conservation Act to direct the Administrator of General Services and the Secretary of Defense to prohibit the disposal of used oil produced by Federal Government activities and to encourage the recycling of used oil. Directs the Administrator of the Environmental Protection Agency to carry out a program of public education on the recycling of used lubricating oil. Authorizes the Administrator to make grants to States which submit acceptable waste oil management plans in accordance with prescribed criteria. Imposes monetary limitations on the amount of such grants. Stipulates that this Act shall not preempt stricter State controls over recycled oil. Requires that automobile oil packaged for sale to consumers be sold in resalable containers with a mandatory 30-cent refund value for each container. Prohibits restrictive covenants designed to discourage the recycling of used oil. Imposes a fine of $50,000 and/or imprisonment of up to one year for violations of such prohibition. Directs the Administrator of Energy Research and Development to establish a program of research to improve the performance and marketability of recycled oil. Requires the development of performance standards and testing standards designed to compare the performance of recycled oil with new oil. Directs the Administrator of the Environmental Protection Agency to submit annual reports to Congress containing information on the implementation of the provisions of this Act. Authorizes the mandatory licensing of patent rights where necessary to accomplish this Act's purposes. Imposes criminal penalties for violation of the provisions of this Act. Authorizes appropriations through fiscal year 1980 to carry out the various programs authorized by this Act.
United States · United States Congress · 11 October 1977
Tuition Tax Relief Act - Amends the Internal Revenue Code to allow individuals alternative, limited income tax credits or deductions for the tuition paid for the primary, secondary or higher education of the taxpayer, his spouse, or his dependents.
United States · United States Congress · 6 October 1977
Amends the Emergency School Aid Act to allow educational agencies to remain eligible for assistance under such Act under certain conditions even though such agencies may have a disproportionate assignment of minority teachers at certain of their schools.
United States · United States Congress · 6 October 1977
Safe Banking Act - Title I: Supervisory Authority over Depository Institutions - Creates civil penalties for specified insider loans and loans to affiliates prohibited by the Federal Reserve Act, for violations of reserve requirements under such Act and for violations of the National Bank Act relating to one borrower loan limits. Amends the Federal Reserve Act and the Federal Deposit Insurance Act to prohibit member banks and State nonmember banks from making loans to specified insiders where the amount of such loan, when aggregated with the amount of all other loans then outstanding by such bank to such insider, would exceed 50 percent of the limits on loans to a single borrower established by the Federal Reserve Act. Establishes disclosure requirements with respect to specified types of loans obtained by member bank directors or holders of more than ten percent of a member bank. Amends the Bank Holding Company Act of 1965 to authorize the Board to 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 should 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 in order to prevent the failure of such institution. Prescribes penalties for the violation of any provision of this Act. 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 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 officers and directors for breach of fudiciary duty, which is defined as personal dishonesty, gross negligence, or continuing disregard for the safety of the institution. 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. Provides for the extension of time for the disposal of shares of bank stock acquired by a company in the regular course of securing or collecting a debt contracted, in good faith, not to exceed the aggregate of three years when such disposal is required to prevent a violation of the law governing the creation of bank holding companies. Title II: Interlocking Directors - Depository Institution Management Interlocks Act - Prohibits interlocking management and director relations between any depository institutions located in the same metropolitan area, savings loan associations, insurance companies, title companies, companies which appraise real property, and companies which close real estate transactions. State 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. Permits any person who is operating as a management official and whose activity was not in violation of this Act at the beginning of such service, to continue to serve in that position for a period not to exceed 15 months. 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). Permits such bank to acquire evidence of ownership in any foreign bank with such consent. 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. Subjects performance of any bank services for a bank which is examined by a Federal supervisory agency by such agency. Requires such bank to notify such agency of the service relationship. Title IV: Conflict of Interest - Depository Institutions Conflict of Interest Act - Amends the Federal Reserve Act to provide for the appointment by the President of the Senate, of a chairman and a vice chairman of the Federal Reserve Board. 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. States that the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Federal Home Loan Bank, and the Comptroller of the Currency shall be paid a salary at the Level I or Cabinet level and the remaining members shall be compensated at the Level III rate. Title V: Credit Union Restructuring - Amends the Federal Credit Union Act to place the National Credit Union Administration under the management of a National Credit Union Administration Board Directs the Chairperson of such Board to be the spokesperson of the Board to represent the Board and the National Credit Union Administration in its official relations with other branches of the 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: - Permits Federal savings and loan associations which have home offices in the State of New York to issue negotiable order of withdrawal accounts. Amends the Federal Deposits Insurance Act to provide the conversion of state- chartered mutual savings banks into Federal savings banks.
United States · United States Congress · 5 October 1977
International Emergency Food Reserve Act - Authorizes the President: (1) to enter into negotiations with other nations to develop an international system of food reserves for humanitarian food relief needs; and (2) to establish and maintain an International Emergency Food Reserve as a contribution of the United States toward the development of such a system. Requires for such Reserve minimum stocks of two million tons, allowing an increase up to six million tons pursuant to an international agreement.
United States · United States Congress · 5 October 1977
Bikeway Transportation Act - Authorizes the Secretary of Transportation to make grants for 80 percent of the cost to States and municipalities of bikeway construction projects in urban areas or in places connecting such areas with national, State, or local parks, seashores or recreational areas. Requires such bikeway projects to be in accordance with a continuing comprehensive transportation planning process carried on cooperatively by States and local communities and in accordance with construction standards established by the Secretary.
United States · United States Congress · 4 October 1977
Retirement Savings Equal Treatment Act - Amends the Internal Revenue Code to allow certain individuals whose employers make contributions to pension plans a deduction for their contributions to employer pension funds, and to allow a deduction to certain individuals who establish modified individual retirement plans when the employer-employee pension contributions are small.
United States · United States Congress · 4 October 1977
Buy American Act Amendments - Amends the Buy American Act to require Federal agencies to prescribe regulations to require Federal purchases of American goods under the Act if the price of such goods does not exceed the price of like foreign goods by more than 15 to 50 percent. Makes States subject to the Act with respect to any repair or construction of public buildings or public works at least half the cost of which is financed with Federal funds.
United States · United States Congress · 27 September 1977
Declares that the President should establish a Commission on Domestic and International Hunger and Malnutrition which should: (1) collect and generate information and resources on food, hunger, malnutrition and related concerns; (2) assess current programs affecting domestic and international hunger and malnutrition; (3) analyze and report its findings and recommendations to the President, the Congress, and the public; and (4) assist the President and the Congress in implementing its recommendations.
United States · United States Congress · 26 September 1977
Designates the first Sunday of October of each year as "National Choir Recognition Day."
United States · United States Congress · 22 September 1977
Amends the Internal Revenue Code to allow individuals a limited, nonrefundable income tax credit for expenses incurred for the higher education of the taxpayer his spouse or dependents.
United States · United States Congress · 22 September 1977
Urges the International Trade Commission to recommend continuation of the import restraints on specialty steel.
United States · United States Congress · 20 September 1977
Amends the Internal Revenue Code to provide that artistic compositions, copyrights, and the like shall not be included in the estate tax valuation of the creator's estate.
United States · United States Congress · 16 September 1977
Neighborhood Reinvestment Corporation Act - Declares it to be the purpose of this Act to establish a public corporation to continue the efforts of Federal financial supervisory agencies and the Department of Housing and Urban Development to promote reinvestment in older neighborhoods by local financial institutions working cooperatively with community people and local government and to continue the nonbureaucratic approach of the Urban Reinvestment Task Force. Establishes the National Neighborhood Reinvestment Corporation. Names the board of directors of the Corporation. Opens all meetings of the board to public observation unless a board majority votes to close a specific meeting. Empowers the Corporation to continue the work of the Urban Reinvestment Task Force in establishing Neighborhood Housing Services Programs, in providing grants and technical assistance to selected neighborhood preservation projects, and in supporting Neighborhood Housing Services of America. Requires the Corporation, in making grants, to determine reporting and management restrictions or requirements on recipients and to assure that recipients make information necessary to determine compliance with Federal laws available to the Corporation. Enumerates the Corporation's powers, including the power to invest funds of the Corporation. Authorizes specified Federal departments and Federal banks to provide services to the Corporation with or without reimbursement. Directs the Corporation to publish an annual report to the President and the Congress. Requires an annual audit of the Corporation. Authorizes appropriations through fiscal year 1981 to carry out the purposes of this Act. Requires the Corporation to prepare annual business-type budgets for submission to the Office of Management and Budget. Requires inclusion of such budget as part of the President's annual budget to Congress.
United States · United States Congress · 15 September 1977
Financial Institutions Supervisory Act Amendments - Title I: Supervisory Authority over Depository Institutions - Creates civil penalties for specified insider loans and loans to affiliates prohibited by the Federal Reserve Act for violations of reserve requirements under such Act and for violations of the National Bank Act relating to one borrower loan limits. Amends the Federal Reserve Act and the Federal Deposit Insurance Act to prohibit member banks and State nonmember banks from making loans to specified insiders where the amount of such loan, when aggregated with the amount of all other loans then outstanding by such bank to such insider, would exceed 25 percent of the limits on loans to a single borrower established by the Federal Reserve Act. Grants cease and desist and removal authority to the Board of Governors of the Federal Reserve System with respect to bank holding companies and to the Federal Home Loan Bank Board with respect to savings and loan holding companies. Set forth civil penalties for violations of the Bank Holding Company Act. 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 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. Amends the Federal Reserve Act to increase the allowable amount of loans which member banks may make to any executive officer for mortgages, education expenses, and other purposes. Sets forth a procedure to be allowed for removal of officers and directors for breach of fiduciary duty, which is defined as personal dishonesty. 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 located in the same metropolitan area in the same city, town or village as that in which an office of the other institution or any affiliate depository institution is located, or in any city, town or village contiguous or adjacent thereto. 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. Permits any person who is operating as a management official and whose activity was not in violation of this Act at the beginning of such service to continue to serve in that position for a period of ten years after the enactment of this Act. 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). Permits such bank to acquire evidence of ownership in any foreign bank with such consent. 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. Subjects performance of any bank services for a bank which is examined by a Federal supervisory agency to regulation by such agency. Requires such bank to notify such agency of the service relationship. Title IV: Conflicts of Interest - Depository Institutions Conflict of Interest Act - Amends the Federal Reserve Act to provide for the appointment by the President of the Senate of a chairman and a vice chairman of the Federal Reserve Board. 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 within two years after they leave office by institutions under their regulatory jurisdiction or with a holding company of affiliate. Makes changes to the salaries of the Board of Governors of the Federal Reserve System, the Chairman of the Board of Directors of the Federal Deposit Insurance Corporation, the Chairman of the Federal Home Loan Bank Board and the Comptroller of the Currency. Title V: Credit Union Restructuring - Amends the Federal Credit Union Act to place the National Credit Union Administration under the management of a National Credit Union Administration Board. Directs the Chairperson of such Board to be the spokesperson of the Board and to represent the Board and the National Credit Union Administration in its official relations with other branches of the 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: Standby Letters of Credit - Makes various provisions to regulate letters of credit, guaranties, surety agreements and acceptances issued by commercial banks.
United States · United States Congress · 13 September 1977
Amends the Internal Revenue Code to allow up to a $200 income tax deduction for one half of the expenses incurred for the installation and purchase of a teletypewriter for use by individuals whose sight, hearing, or speech is impaired.
United States · United States Congress · 12 September 1977
Establishes procedures for taking the decennial census. Establishes a decennial census period beginning two years prior to the decennial census date and ending three years after such date. Authorizes the Secretary of Commerce during this period to conduct a trial census which shall be the final test of all the procedures to be used in taking the decennial census. Requires the Secretary to submit a report regarding such trial census to specified committees in Congress prior to conducting such a census. Stipulates that no changes may be made in the content or procedures to be used in taking a decennial census after four months following the date of a trial census. Stipulates that the decennial census shall consist only of: (1) an enumeration of the population; (2) sample surveys of the characteristics of the population and housing of the United States; and (3) supplemental surveys necessary to meet the needs of the Federal, State, or local government for economic and social data. Sets forth restrictions regarding the collection of such data. Allows employees conducting the enumeration of population access to the records of the Federal Government and of State or local governments which are necessary to insure that all individuals and households are counted. Stipulates that such employees may obtain only names and addresses from such records and that such information may only be used for purposes of the enumeration. Authorizes the Secretary to conduct special surveys in a State for the purpose of clarifying the findings of decennial supplemental surveys. Directs the Secretary to prepare a plan specifying procedures to be used for correcting errors in census counts and to submit such plan to specified committees in Congress. Directs the Secretary, beginning in 1985, to conduct a mid-decade census of population. Requires the use of the most recent data, either from the decennial or mid-decade census, in determining eligibility for benefits under Federal programs in which census data is a factor. Requires the Secretary to submit specified reports to Congress prior to the taking of a decennial or mid-decade census. Directs the Secretary to insure that the language and categories of questions used on census forms take into account the needs and preferences of the public and to establish a program to provide information to the public regarding the need for, and operation of, the decennial census. Authorizes the Secretary to establish a program for the training and selection of supervisory employees engaged in decennial census activities. Directs the Secretary to prepare a plan for conducting censuses other than the decennial or mid- decade census and to submit such plan to Congress at least 60 days before the census is begun. Authorizes the Secretary to issue "determination estimates," defined as estimates derived from any data which (1) is not produced as an activity of the decennial census period and (2) is produced to enable the executive branch of the Federal Government to determine the amount of benefit received under a Federal law by a State or local government. Sets forth procedures by which a State or local government may challenge such an estimate. Directs the Secretary to establish a Division of Evaluation within the Bureau of the Census to evaluate censuses and to submit the results of such evaluation to the Secretary and the Director of the Census. Directs the General Accounting Office to review evaluations made by the Division every three years. Directs the Secretary in 1979, in 1983, and in every fifth year thereafter, to conduct a census of agriculture. Directs the Secretary to conduct a census of irrigation and drainage in 1979, 1983, and every tenth year after 1983.
United States · United States Congress · 12 September 1977
Bikeway Transportation Act - Authorizes the Secretary of Transportation to make grants for 80 percent of the cost to States and municipalities of bikeway construction projects in urbanized areas or connecting such areas with national, State, or local parks, seashores or recreational areas. Requires such bikeway projects to be in accordance with a continuing comprehensive transportation planning process carried on cooperatively by States and local communities and in accordance with construction standards established by the Secretary.
United States · United States Congress · 8 September 1977
Reemployment Services Act - Amends the Wagner-Peyser Act to direct the Secretary of Labor to establish an outreach program for the provision of technical and management assistance through the United States Employment Service to State public employment offices for the following: (1) implementation of annual management plans, (2) implementation of improved employment services, (3) implementation of pilot programs assisted by the Service, and (4) evaluation of the cost-effectiveness and potential improvements in performance associated with changes in priorities, programs and objectives. Directs the Secretary to establish within the Service a national clearinghouse for employment service information. Sets forth requirements for State public employment service annual management plans, including (1) provisions for the identification of employment opportunities, and for job placement and counseling, for specified categories of workers, (2) a program to encourage the active participation of employers in the public employment office system, and (3) conformity with certain budgeting principles. Directs the Secretary, through the Service, to implement a financial assistance program for certain job placement projects under State public employment offices. Directs the Secretary to carry out a comprehensive examination of the merits and the cost-effectiveness of establishing a nationwide job bank system and of the feasibility and effectiveness of establishing a system of Federal public employment offices in lieu of the system of State offices established under the Wagner-Peyser Act.
United States · United States Congress · 8 September 1977
Authorizes the President to call a White House Conference on Families in 1979. Directs the Secretary of Health, Education, and Welfare to establish an advisory committee to such Conference.
United States · United States Congress · 5 August 1977
Amends the Federal Salary Act of 1967 to require the appointment of persons to the Commission on Executive, Legislative, and Judicial Salaries every second calendar year beginning in 1978. Requires the President to separately submit pay recommendations for Members of Congress. Stipulates that such recommendations may not take effect prior to the Congress following the Congress during which they were transmitted. Declares that such recommendations shall take effect if not disapproved by resolution of either House. Amends the Legislative Reorganization Act of 1946 to abolish automatic cost-of-living adjustments for Members of Congress.
United States · United States Congress · 5 August 1977
Amends the Internal Revenue Code to allow a deduction to any taxpayer engaged in the manufacture, importation, distribution, lease, or sale of any product for contributions to his product liability loss reserve account.
United States · United States Congress · 5 August 1977
Wage Supplements for Handicapped Individuals Act - Amends the Rehabilitation Act of 1973 to authorize the Secretary of Health, Education, and Welfare to conduct demonstration projects, either directly or by way of arrangement with public or private agencies, for the payment of wage supplements to handicapped individuals who are employed in sheltered workshops or work activity centers which meet certain standards, including any promulgated under this Act by the Secretary jointly with the Secretary of Labor.
United States · United States Congress · 5 August 1977
See summary of: H.R. 1311
United States · United States Congress · 5 August 1977
Amends the Internal Revenue Code to allow up to a $200 income tax deduction for one half of the expenses incurred for the installation and purchase of a teletypewriter for use by individuals whose sight, hearing, or speech is impaired.
United States · United States Congress · 4 August 1977
Public Participation in Federal Agency Proceedings Act - Authorizes each Federal agency to award reasonable attorneys' fees and other costs of participation in all agency proceedings in which public participation is permitted or required. Permits such awards if the person participating in the agency proceeding represents a broad substantial public interest the representation of which contributes or can reasonably be expected to contribute substantially to a fair determination of the proceeding, and if the participant's economic interest in the outcome is small in comparison to the costs of effective participation in the proceeding or the participant demonstrates to the satisfaction of the agency that he or she does not have sufficient resources to participate effectively in the proceeding absent an award under this Act. Requires the agency to make a determination of eligibility under this Act prior to timely participation in the proceeding if all possible. Permits judicial review of a decision denying any participant of payment under this Act. Requires payment of an award under this Act within 90 days after the date of final decision. Allows such agency to make advance payments to permit the persons to participate or to continue to participate in the proceedings. Makes such recipient liable for repayment of such advance or ineligible for any amount he or she was originally entitled to if the agency determines that the person clearly has not provided the representation for which the payment were made or that the person has acted in an obdurate, dilatory, mendacious, or oppressive manner toward any other participant. Permits persons seeking judicial review of a Federal agency's action which relates directly to health, safety, civil rights, the environment, or the economic well-being of consumers to recover attorneys' fees and other reasonable costs of litigation from the United States if: (1) the plaintiff is afforded the relief sought in substantial measure; (2) the court determines that such action served an important public purpose; and (3) the economic interest of the person is small in comparison to the costs of effective participation in the action, or such person does not have sufficient resources to participate effectively in the action absent an award under this section. Requires the Administrative Office of the United States Courts to submit to Congress an annual report on awards of attorneys' fees and litigation expenses against the United States. Authorizes to be appropriated (1) for awards to participants in agency proceedings under this Act, $10,000,000 for each of the fiscal years 1979, 1980, and 1981; and (2) for awards to persons seeking judicial review of agency actions under this Act, such sums as may be necessary to make such awards for actions brought prior to the end of fiscal year 1981.