United States · United States Congress · 14 September 1976
Amends the Internal Revenue Code to extend until January 2, 1979, specified tax provisions for veterans wounded in the Vietnam conflict and spouses of persons missing in action in the Vietnam combat zone. Provides that after such date: (1) persons classified as missing in action in the Vietnam conflict will be considered dead for purposes of computing the terms of surviving spouses; (2) pay earned while hospitalized for wounds received in the Vietnam combat zone will be included in gross income; (3) income tax will be assessed for the taxable years in which veterans die as a result of service in the Vietnam conflict; (4) spouses of persons classified as missing in action may not elect to file joint tax returns; and (5) time requirements concerning filing, paying, claiming, assessing, collecting and commencing actions regarding tax liability will resume running against spouses of persons missing in the Vietnam combat zone.
United States · United States Congress · 26 August 1976
Authorizes the President to issue a proclamation designating the week beginning October 3, 1976, and ending October 9, 1976, as "National Volunteer Firemen Week."
United States · United States Congress · 25 August 1976
Condemns North Korea for its continued acts of treachery culminating in the axe murders of two American officers and the wounding of five others. Directs the Speaker of the House to make known the regrets of the House to the wives and children and other survivors of Major Bonifas and Lieutenant Barrett.
United States · United States Congress · 25 August 1976
Directs the House Committee on Armed Services to make a study of the murder by members of the North Korean Armed Forces serving as guards at Panmunjom of two American Army officers attached to the United Nations Command, and other recent North Korean violations of the armistice agreement. Requires the committee to transmit a report to the House containing a statement of the findings of the committee no later than January 3, 1977.
United States · United States Congress · 25 August 1976
Expresses the sense of the Congress that the President should take such steps as may be necessary to place the threat to the peace created by the murder of two American Army officers attached to the United Nations Command by members of the North Korean Armed Forces serving as guards at Panmunjom, and other recent North Korean violations of the armistice agreement, on the agenda of the United Nations.
United States · United States Congress · 29 June 1976
Amends the Tariff Schedules of the United States to set forth tariff treatment and marking requirements for clocks and watches with modular movements, liquid-crystal display, or light-emitting diode display.
United States · United States Congress · 25 June 1976
Amends the Internal Revenue Code to provide that the current withholding tables as set forth in the Revenue Adjustment Act of 1975 shall remain in effect through August 31, 1976, rather than June 30, 1976.
United States · United States Congress · 25 June 1976
Amends the Internal Revenue Code to allow a charitable deduction against the income, estate, and gift tax for contributions by an individual to a domestic fraternal society operating under the lodge system for the purpose of constructing or maintaining a building the principal purpose of which is to house such organization.
United States · United States Congress · 23 June 1976
Establishes in the House of Representatives a select committee to be known as the Select Committee on Narcotics Abuse and Control. Provides that the select committee shall conduct a continuing comprehensive study and review of the problems of narcotics abuse and control and shall review any recommendations made by the President, or by any department or agency of the executive branch of the Federal Government, relating to programs or policies affecting narcotics abuse or control. Authorizes the select committee to conduct field investigations or inspections. Requires the select committee to submit an annual report to the House which shall include a summary of the activities of the select committee during the calendar year to which such report applies.
United States · United States Congress · 14 June 1976
Expresses the sense of the House of Representatives that the United States Postal Service shall not close or suspend the operation of any post offices, unless there is a clear and compelling need to do so. Encourages the service to continue cost-cutting programs which do not affect levels of service.
United States · United States Congress · 11 May 1976
Title I: Acquisition Ceiling Increases - Increases the limitations on appropriations for the acquisition of lands and interests therein within the following units of the National Park System: (1) Arches National Park, Utah; (2) Assateague Island National Seashore, Maryland and Virginia; (3) Buffalo National River, Arkansas; (4) Capitol Reef National Park, Utah; (5) Fire Island National Seashore, New York; (6) Gulf Islands National Seashore, Florida and Mississippi; (7) Lincoln Home National Historic Site, Illinois; (8) Mesa Verde National Park, Colorado; (9) North Cascades National Park and Lake Chelan National Recreation Area, Washington; (10) Saint-Gaudens National Historic Site, New Hampshire; and (11) Scotts Bluff National Monument, Nebraska. Title II: Development Ceiling Increases - Increases the limitations on appropriations for development of the following units of the National Park System: (1) Andrew Johnson National Historic Site, Tennessee; (2) Arkansas Post National Memorial, Arkansas; (3) Chamizal National Memorial, Texas; (4) Fort Larned National Historic Site, Kansas; (5) Golden Spike National Historic Site, Utah; (6) Jefferson National Expansion Memorial National Historic Site, Missouri; (7) Saint-Gaudens National Historic Site, New Hampshire; and (8) Vicksburg National Military Park, Mississippi. Title III: Miscellaneous Provisions - Repeals provisions relating to beach erosion control, hurrican protection, and purchase of public utility facilities within Assateague Island National Seashore, Maryland and Virginia. Directs the Secretary of the Interior to develop a comprehensive plan for the protection, management, and use of such seashore. Authorizes the Secretary to designate specified areas for addition to the Colorado National Monument, Colorado. Increases the maximum amount authorized to be appropriated for acquisition, development, and rehabilitation of sites of specified events which occurred in Kansas during the decade prior to and during the Civil War. Authorizes the Secretary of the Interior to transfer specified lands to the jurisdiction of the Director of the National Park Service in Montgomery County, Maryland. Authorizes the Secretary of the Army to transfer specified lands in such county to the jurisdiction of the Secretary of the Interior. Authorizes the Secretary of the Interior to acquire up to 64 acres of land for addition to the Saint-Gaudens National Historic Site, New Hampshire.
United States · United States Congress · 12 April 1976
Adds Title VII "Concerted Services Task Force" to the Rural Development Act of 1972. Establishes within the Department of Agriculture the Concerted Services Task Force. Establishes a special advisory committee to consult with and advise such task force. States that the functions of such task force are: (1) to assess the economic development problems of rural America; (2) to assess the present and anticipated resources and requirements of the Nation including the impact of Federal activities and their relationship with other sectors of the economy; and (3) to participate in the establishment of rural development goals. Directs the task force in carrying out these functions to develop new, and continue existing, demonstration projects to: (1) identify existing and potential employment opportunities and occupational education programs available to individuals who are unemployed or who are living in poverty; and (2) develop ways through which rural communities can provide education, vocational guidance, training, and other services needed to help the residents of such communities become employable. Directs the task force to evaluate the effectiveness of such projects and to serve as a clearinghouse for local problems. Authorizes appropriations of $4,500,000 for fiscal year 1977 to carry out the provisions of this Act.
United States · United States Congress · 2 April 1976
Amends the Budget and Accounting Act of 1921 to emphasize that the President's annual budget is a proposal only. Requires that any documents issued by any Federal instrumentality which refer to the President's proposed budget make it clear that such proposed budget is only a recommendation and is subject to such action as Congress may take in approving, modifying, or rejecting it.
United States · United States Congress · 15 March 1976
Amends the Housing Act of 1949 to expand the definitions of "rural" and "rural areas" to include places not part of or associated with an urban area which have a population of between 10,000 and 20,000 people and which have a serious lack of mortgage credit for lower- and moderate-income families.
United States · United States Congress · 4 March 1976
Amends the Social Security Act to authorize payment under the medicare program for specified services performed by chiropractors, including x-rays and physical examinations, and related routine laboratory tests.
United States · United States Congress · 9 February 1976
Lifeline Rate Act - Stipulates that no rate schedule of an electric utility shall result in a greater per kilowatt-hour charge to residential electric consumers for a subsistence quantity of electric energy than the lowest charge to any other electric consumer. Sets forth procedures for civil suits and judicial review where violations by utilities as regulatory authorities are alleged under this Act.
United States · United States Congress · 5 February 1976
Removes the limitation to use for National Guard training contained in the terms of transfer of a part of Camp Joseph T. Robinson to the State of Arkansas.
United States · United States Congress · 2 February 1976
Authorizes the Administrator of Veterans' Affairs to presume a service-connected cause of death for purposes of the payment of dependency and indemnity compensation when a veteran had a service-connected disability rated permanent and total for at least one year immediately preceding death, where such death was due to natural causes not the result of misconduct on the veteran's part.
United States · United States Congress · 19 November 1975
Expresses the sense of Congress that the United States Government while engaged in a lessening of tensions with the People's Republic of China, do nothing to compromise continued close relations with the Republic of China.
United States · United States Congress · 30 October 1975
Emergency Financial Assistance Corporation Act - Creates a body corporate to be known as the Emergency Financial Assistance Corporation to make and guarantee long-term loans at reasonable intrest rates to State and local governments for public works and facilities, to individuals and corporations to establish new businesses and industries and to expand or otherwise improve existing businesses and industries, and to public agencies and private nonprofit and limited dividend corporations for the construction of low-and-moderate-income housing, in order that vital public services may be provided, the health and welfare of our people will be safeguarded, and a full employment economy will be achieved. Provides that the Corporation shall have a capital stock of $1,000,000,000 subscribed by the United States, payment for which shall be subject to call in whole or in part by the Board of Directors. Authorizes the Corporation to issue notes, debentures, bonds, and other evidences of indebtedness up to an aggregate amount of 20 times the paid-in capital stock of the Corporation at that time. Authorizes the Corporation to make direct loans and guarantees to State and local governments, direct loans for the benefit of business and industry, loans for low-and-moderate-income housing projects. Exempts the Corporation from the taxing authority of the United States or any State or local government. Authorizes to be appropriated to the Secretary of the Treasury $1,000,000,000 to finance the purchase of Corporation stock.
United States · United States Congress · 28 October 1975
Emergency State and Community Financial Assistance Corporation Act - Establishes the Emergency State and Community Financial Assistance Corporation to make and guarantee new loans at reasonable interest rates to States and local governments for public works and facilities. States that the Corporation shall have a capital stock of $1,000,000,000 subscribed by the United States, payment for which shall be subject to call in whole or in part by the Board. Authorizes the Corporation to issue rates, debentures, bonds, and other evidences of indebtedness in such amounts and on such terms and conditions or its Board may determine, subject to the limitations prescribed in this Act. Exempts the Corporation from the taxing authority of the United States or any State or local government. Authorizes to be appropriated to the Secretary of the Treasury $1,000,000,000 to finance the purchase of Corporation stock.
United States · United States Congress · 22 October 1975
Condemns the resolution adopted by the Third Committee of the United Nations General Assembly which equates Zionism with racism, and urges the U.N. General Assembly to disapprove such resolution.
United States · United States Congress · 21 October 1975
Authorizes payment under the supplementary medical insurance program of title XVIII (Medicare) of the Social Security Act for optometric and medical vision care.
United States · United States Congress · 20 October 1975
Local Fiscal Assistance Act - Revises the State and Local Fiscal Assistance Act to delete the provisions of that Act authorizing payments by the Secretary of the Treasury to units of general local government from the Trust Fund created by that Act. Changes the designation of the "State and Local Government Fiscal Assistance Trust Fund" to the "Local Government Fiscal Assistance Trust Fund. Makes appropriations to the Trust Fund, out of amounts in the general fund of the Treasury, for the transition period and for fiscal years 1976 through 1981. Makes appropriations to the Trust Fund, out of amounts in the general fund of the Treasury, for noncontiguous States adjustment amounts, for the transition period and for fiscal years 1976 through 1981. Directs that allocations made to States from the Trust Fund be allocated among the units of local government of the States. Authorizes local government units to issue special revenue sharing bonds guaranteed by the United States Government when the Secretary of the Treasury determines such government is in critical need of such funds. Directs units of local government to report to the Secretary concerning the amounts and purposes for which funds received under this Act were expended. Prohibits discrimination on the basis of race, color, national origin, or sex with respect to any program for which funds are provided under this Act.
United States · United States Congress · 9 October 1975
Revises those portions of the Tariff Schedules of the United States dealing with import requirements for wathces in order to specify marking requirements for watch movements not having a hairspring and balance wheel and for analog or digital liquid crystal displays and other technologically advanced watches. Sets forth import duties for such watches.
United States · United States Congress · 9 October 1975
Authorizes the President to issue a proclamation designating the week in November which includes Thanksgiving Day in each year as "National Family Week."
United States · United States Congress · 31 July 1975
Congressional Public Financing Act - Adds a new subtitle to the Internal Revenue Code: the Congressional Election Campaign Fund Act. Directs the Secretary of the Treasury to maintain in the Presidential Election Campaign Fund a separate account to be known as the Congressional Election Payment Account. Directs the Secretary to deposit into the Congressional Election Payment Account that portion of the annual amounts designated by taxpayers on their income tax returns that equals the excess above 25 percent of the total amount made available in the last Presidential election. Authorizes the Federal Election Commission to conduct an examination and audit of the campaign contributions raised for purposes of obtaining matching funds and the qualified campaign expenditures made by all candidates for Federal office and official political party committees who received payments under this Act. Provides criminal penalties for violations of this Act. Provides for payments of funds in amounts matching the contributions received by candidates for the office of U.S. Senator or U.S. Representative. Imposes limitations on the amounts of such funds to be disbursed to any individual candidate, and restricts the uses to which such matching funds may be put.
United States · United States Congress · 11 July 1975
Provides that the gross income, under the Internal Revenue Code, of an employee shall not include (1) amounts directly or indirectly received as payment or reimbursement for legal services under group legal service plans, (2) the value of legal services rendered under such plans, or (3) contributions by employers to such plans.
United States · United States Congress · 11 July 1975
Disapproves the loan of three landing craft (LCM-8's) to Panama, as proposed by the letter from the Department of the Navy of May 5, 1975, to the Committee on Armed Services of the House of Representatives.
United States · United States Congress · 23 June 1975
Beef Research and Information Act - Authorizes the Secretary of Agriculture to issue orders: (1) providing for the establishment and administration of plans for advertising, sales promotion, and consumer information with respect to the use of cattle, beef, or beef products and for the disbursement of necessary funds for such purposes; (2) providing for research and studies with respect to sale, distribution, marketing, utilization, or production of cattle, beef, or beef products, and the creation of new products thereof, to the end that the marketing and utilization of cattle, beef, or beef products may be encouraged, expanded, improved, or made more acceptable, and the data collected by such activities may be disseminated and for the disbursement of necessary funds for such purposes; and (3) providing that slaughterers maintain and make available for inspection such books and records as may be required by any order issued pursuant to this Act. Provides for the establishment of a Beef Board, to be composed of not more than 68 cattle producers or representatives of cattle producers appointed by the Secretary. Sets forth the duties and responsibilities of the Beef Board, including: (1) the administration of the orders of the Secretary in accordance with its terms and provisions; and (2) the issuance of rules and regulations to effectuate the terms and provisions of such orders. Requires the Secretary to conduct a referendum among cattle producers who have been engaged in the production of cattle for the purpose of ascertaining whether the issuance of an order is approved or favored by not less than two-thirds of such producers. Authorizes appropriations of such funds as are necessary to carry out the provisions of this Act.
United States · United States Congress · 20 June 1975
Emergency Housing Act - Title I: Stimulation of Housing Construction - Emergency Home Purchase Assistance Amendments - States that mortgages purchased by the Government National Mortgage Association under the Emergency Home Purchase Assistance Act may not have an interest rate in excess of 7 1/2 percent. Increases the total amount of mortgage purchases and commitments which may be made by the Secretary of Housing and Urban Development under such Act to $10,000,000,000. Requires that at least 80 percent of such funds be used to purchase mortgages having original principal obligations not exceeding $36,000. Authorizes the Secretary to purchase specified mortgages of multifamily residences not purchasable under present law. Title II: Emergency Mortgage Relief - Emergency Homeowners' Relief Act - States it to be the purpose of this Act to prevent widespread mortgage foreclosure and distress sale of homes resulting from temporary loss of employment and income through a program of emergency loans and advances and mortgage relief payments to homeowners. Sets forth as conditions for the extension of assistance under this Act: (1) that the holder of the mortgage has indicated his intention to foreclose to the mortgagor; (2) that mortgage payments have been delinquent for at last three months; (3) that adverse economic conditions have caused the mortgagor to become involuntarily unemployed or underemployed and to have incurred a substantial reduction in income as a result; (4) that there is a reasonable prospect that the mortgagor will be able to make the adjustments necessary for a full resumption of mortgage payments; and (5) that the mortgaged property is the principal residence of the mortgagor. States that assistance provided under this Act will be in the form of either: (1) emergency mortgage relief loans or advances of credit; or (2) emergency mortgage relief payments. Sets the limits of such payments at $250 per month for up to 12 months with one 12-month extension available. Provides that payments be repaid on such terms as the Secretary prescribes. Authorizes the Secretary to insure financial institutions against losses which they might sustain as a result of emergency loans or advances of credit made pursuant to this Act. States that the aggregate amount of loans and advances insured shall not exceed $1,500,000 at any one time. Authorizes the Secretary to make emergency mortgage relief payments to certain mortgagees on behalf of distressed homeowners. Establishes the Emergency Homeowners' Relief Fund on the books of the United States Treasury for making mortgage relief loans and payments pursuant to this Act. Authorizes to be appropriated such sums as may be necessary for the purposes of this Act. Directs the Secretary and the Federal supervisory agencies with respect to financial institutions to take steps to encourage forebearance in residential mortgage loan foreclosures, and to request all mortgagees to give such agencies at least 30 days notice prior to instituting foreclosure proceedings. Directs the Secretary to report to Congress within 60 days after enactment and at 60-day intervals thereafter on the actions taken under this Act. Authorizes the Federal Deposit Insurance Corporation to make such advances to any insured bank as the Corporation determines to be necessary to facilitate participation in the program authorized by this title.
United States · United States Congress · 17 June 1975
Broadcast License Renewal Act - Permits the Federal Communications Commission to extend three-year broadcast licenses for an additional two years upon a finding of public interest. Requires in making such determination, considerations of whether different term lengths for radio and television stations and for different categories of licensees are in the public interest. Limits other class licenses to a five-year maximum, prescribing the renewal procedures for such licenses and the criteria to be considered in renewal, including responsiveness and lack of serious deficiencies. Sets guidelines for expeditious action on applications for renewal of broadcasting station licenses by limiting material required to be filed. Requires the Commission to examine the renewal process and report within six months on methods of reducing and consolidating filings and supporting documents.
United States · United States Congress · 14 May 1975
American Folklife Preservation Act - Creates an American Folklife Center in the Library of Congress. Provides that the center shall be subject to the supervision and direction of a board of trustees. Specifies the composition of the board, including: four members appointed by the President, eight members appointed by the Librarian of Congress, the Librarian of Congress and the director of the Center. Authorizes the Center to establish and implement a program of contracts, grants, revitalize and scholarships to preserve, protect, revitalize and disseminate American folklife traditions and arts. Provides that no payment shall be made pursuant to this Act to carry out any research or training over a period in excess of two years, with specified exceptions. Provides that no former employee of the Federal government shall be eligible to receive any grant or other assistance under this Act in the two year period following the termination of such employment. Requires the Center to submit to the Librarian of Congress, for inclusion in its annual report to the Congress, an annual report of its operations under this Act. Authorizes to be appropriated to the Center to carry out the provisions of this Act $167,750 for fiscal year 1976, $710,000 for fiscal year 1977, and $1,716,000 for fiscal year 1978.
United States · United States Congress · 21 November 1974
Energy Tax and Individual Relief Act - Title I: Oil And Gas Energy Tax Act - Imposes, under the Internal Revenue Code, an excise tax on the windfall profits from domestic crude oil removed from the premises. Prescribes the procedure for calculating the amount of such tax, allowing a plowback credit against such tax. Defines the terms used, including "windfall profit," and sets forth special rules governing this Act. Provides an exemption from the tax where a tax-exempt organization is prohibited from plowing back. Requires each person liable for the tax, each partnership, trust, or estate producing domestic crude oil, each purchaser of domestic crude oil, and each operator of a well producing domestic crude oil to keep records and returns with respect to such oil. Prescribes the time for filing a return of the windfall profits tax. Requires the purchaser of domestic crude oil to furnish to the person liable for the tax a monthly statement of specified costs, amounts, and prices. Imposes criminal penalties on persons willfully failing to furnish information required under this Act. Requires that specified information be furnished to partners and beneficiaries of estates and trusts. Provides for a phase-out of the percentage depletion for domestic oil and gas production. Permits a taxpayer to elect: (1) the 3,000 barrel-a-day exemption; (2) the stripper well exemption; or (3) the Arctic Circle exemption. Provides an exemption for regulated natural gas and natural gas sold under fixed contract. Prescribes special rules governing geothermal energy. Provides that, in the case of oil and gas wells, the tax treatment which applies to the taxpayer's intangible drilling and development costs shall also apply to his domestic geological and geophysical costs. Outlines the rules governing the treatment, for purposes of the investment tax credit, of specified property used in international or territorial waters. Repeals the percentage depletion for foreign oil and gas wells. Sets limits on the foreign taxes attributable to foreign oil and gas extraction income. Provides for the separate computation of foreign tax credit for oil and gas related income. Provides for the denial of Domestic International Sales Corporation benefits with respect to energy resources. Title II: Increase In Low Income Allowance; Certain Other Adjustments In the Tax Laws - Increases the low-income allowance for (1) married individuals filing jointly and for surviving spouses to $1900, (2) single individuals to $1600, and (3) married individuals filing separate returns to $950. Increases the percentage standard deduction to 16 percent up to a maximum of $2300 ($1,150 in the case of a separate return by a married individual). Changes the withholding tables to reflect the increases in the low-income allowance and the percentage standard deduction. Authorize individuals to carry back a net capital loss in excess of $30,000 to each of the three taxable years preceding the loss year. Increases the investment credit to seven percent for public utilities. Increases the limitation relating to the investment credit from 50 percent to specified percentages for the years 1974 through 1979. Extends for one year the period during which pollution control facilities, railroad rolling stock, rehabilitation, housing, and coal mine safety equipment may qualify for the 5-year amortization deduction under the Internal Revenue Code. Provides a tax deduction to taxpayers on the accrual method of accounting for accrued vacation pay for which they become liable during the taxable year. Allows application of the class life system to real property in order to determine the useful life of such property for purposes of taking the depreciation deduction for such property. Provides a tax deduction for deficiency dividends with respect to a determination of adjustment for a real estate investment trust. Provides a civil penalty in addition to any other penalty imposed by law with respect to liability for interest for any period by reason of a determination that a deduction for deficiency dividends is allowable. States that, instead of disqualifying a real estate investment trust where the income tests are not met, specified taxes shall be imposed on non-qualifying income or in the case of failure to meet requirements. Imposes a tax on the net income from foreclosure property and property subject to capital gain or loss treatment on every real estate investment trust. Raises the percentage income requirements with respect to specified types of property necessary for treatment as a real estate investment trust for income tax purposes. Redefines the term "independent contractor" for the purposes of taxing real estate investment trusts. Imposes an excise tax based on real estate investment trust taxable income not distributed during the taxable year. Places a tax on the political organization taxable income of every political organization. Provides an alternative tax in the case of capital gains. Defines the taxable income of a political organization. Extends existing tax credit and tax deduction provisions for political contributions to contributions for newsletters. Provides that, upon the transfer of appreciated property to a political organization, the transferor shall be treated as having realized an amount equal to the fair market value of such property on the date of transfer. Provides that the gift tax shall not be applicable to contributions to political organizations. Increases the interest charged for nonpayment, underpayment, overpayment or extensions of time for payment of income tax from 6 to 9 percent. Title III: Changes In The Treatment of Foreign Income - Repeals the earned income exclusion for United States citizens who are bonafide residents of foreign countries, and, in lieu thereof, provides for a phaseout of such exclusion to be completed by the end of taxable year 1977. Provides a tax deduction of up to $100 per month for tuition expenses of dependents of taxpayers employed outside the United States. States that gross income shall not include any item furnished a taxpayer by his employer where such item is not provided on a discriminatory basis in favor of officers or highly compensated employees. Provides that income from foreign trusts having one or more United States beneficiaries shall be taxed currently to the grantor. Provides, in addition to the partial tax on the undistributed income of foreign trusts, a special interest charge on such undistributed income. Places a 35 percent excise tax on the difference between the fair market value of property transferred by a citizen or resident of the United States to foreign corporations, trusts, or partnerships and the adjusted basis plus the amount of gain to the transferor at the time of the transfer. Repeals the minimum distribution exception to the requirement of current taxation of income to a controlled foreign corporation. Excludes sales income from foreign manufacturing from foreign base company sales income. Repeals the exception to the requirement of current taxation of income to foreign controlled corporations for reinvestment in less developed countries. Redefines the term "United States property" for purposes of investment in such property by controlled foreign corporations. Repeals the exclusion for earnings of less developed country corporations for purposes or recognizing gain from certain sales or exchanges of stock in certain foreign corporations. Provides that shipping profits of controlled foreign corporations shall be taxed currently except to the extent that such profits are reinvested in shipping operations. Authorizes the President to terminate Domestic International Sales Corporation provisions when he determines that it is necessary or appropriate to carry out any trade agreement to reduce barriers to international trade, provided that neither the House of Representatives nor the Senate adopts a resolution of disapproval within 90 days. Provides that the total amount of any foreign tax credit shall not exceed the same proportion of the tax against which such credit is taken which the taxpayer's income from sources outside of the United States bears to his entire taxable income for the same year. Provides for a 2-year carryback and 5-year carry forward of excess tax paid to foreign countries. Provides a formula for the recapture of overall foreign loss sustained by a taxpayer in any taxable year. Provides that dividends from less developed country corporations must be grossed up for purposes of determining United States income and foreign tax credit against that income. Sets forth a formula for the treatment of capital gains for purposes of the foreign tax credit. States the conditions under which interest received by a nonresident alien from portfolio debt investments shall be excluded from gross income. Removes the exclusion from gross income whenever the Secretary of the Treasury determines that the exchange of necessary information between the United States and a foreign country is inadequate to identify the beneficial recipients of interest payments from sources within the United States. Provides for the exclusion from taxable income of specified items by electing contiguous country branches of domestic mutual life insurance companies. Changes the rules applicable to determining the tax credit allowable to corporations conducting trade or business in Puerto Rico and possessions of the United States. Provides for a phaseout of the special deduction for Western Hemisphere trade corporations.
United States · United States Congress · 3 October 1974
Social Services Amendments - Authorizes necessary appropriations each fiscal year for payments to States for provision of social services directed toward the goal of: (1) achieving or maintaining economic self-support to prevent, reduce, or eliminate dependency; (2) preventing or remedying neglect, abuse, or exploitation of children and adults unable to protect their own interests, or preserving, rehabilitating, or reuniting families; (3) preventing or reducing inappropriate institutional care by providing for community-based care, home-based care, or other forms of less intensive care; or (4) securing referral or admission for institutional care when other forms of care are not appropriate. Requires that 50 percent of such payments to States be for provision of services to individuals who are receiving (or are eligible to receive) aid under the Aid to Needy Families with Children, Supplemental Security Income, or Medicaid programs of the Social Security Act. Prohibits payments to States for aid to individuals with incomes above specified levels. Requires that expenditure by States under this Act for child day care services be for day care services which meet the Federal interagency day care requirements as approved by the Department of Health, Education, and Welfare and the Office of Economic Opportunity. Prohibits, with specified exceptions, State expenditures under this Act for services to individuals living in hospitals, skilled nursing facilities, intermediate care facilities, prisons, or foster homes. Prohibits such expenditures for services to individuals eligible for Medicare aid. Requires that States participating in the programs established under this Act report annually on the results of specified evaluations and audits of their participation. Allows suspension of payments to States failing to meet requirements under this Act. Requires States to provide hearings for individuals whose claims to services under this Act are denied, to restrict disclosure of information obtained on individuals pursuant to this Act, and to refrain from imposing durational residency or citizenship requirements upon individuals as a condition to participation in programs under this Act. States that comprehensive plans must be published by States setting forth their programs under this Act which will be pursued in the ensuing year. Requires that such plans include descriptions of objectives, individuals and geographic areas to be served, descriptions of implementation procedures, estimated expenditures, and services to be rendered. Requires annual evaluations of the programs under this Act by the Secretary of Health, Education, and Welfare.
United States · United States Congress · 11 September 1974
Directs the Secretary of the Army to release specified conditions with respect to specified property previously conveyed to the State of Arkansas by the United States.
United States · United States Congress · 8 August 1974
Local Fiscal Assistance Act - Eliminates provisions relating to assistance payments to State governments from the State and Local Fiscal Assistance Act. Requires such payments to local governments on a quarterly basis. Changes the name of the fund in such Act to the Local Government Fiscal Assistance Trust Fund. Authorizes appropriations to such fund for fiscal years 1975 through December 31, 1978; and such sums as are necessary for advance payments to local governments for critical needs. Changes the definition of "entitlement period" to include the time from January 1, 1975, through December 31, 1978.
United States · United States Congress · 29 July 1974
Entitles specified veterans of the Mexican border period and of World War I and their widows and children to a veterans' pension benefit on the same basis as that accorded to veterans of the Spanish American War and their widows and children, respectively. Provides for an increase in pension rates applicable to such classes of veterans.
United States · United States Congress · 29 July 1974
Provides that the following-named Members are elected to the following standing committees of the House of Representatives: Committee on Government Operations: John L. Burton, of California; Committee on House Administration: Lionel Van Deerlin, of California; and Committee on Public Works: Cardiss Collins, of Illinois.
United States · United States Congress · 25 July 1974
Requires a balanced budget, except in times of war, recession, or high unemployment, as determined by the Congress. Requires tax bracket adjustments reflecting increases in the Consumer Price Index. Requires that budget surpluses be devoted to increasing personal exemptions and the low-income allowance.
United States · United States Congress · 25 July 1974
Expresses the sense of the House of Representatives that the leadership of the Nation responsible for our economic well-being meet together immediately in a spirit of unity to design a set of policy actions to achieve the common goal of restoring stability and growth to the American economy and confidence and prosperity to the American people. States that it is imperative as in previous moments of great national need that the two political parties, the Congress and the President, labor and management, put aside their domestic and political differences and work together in a spirit of discipline, compromise, and sacrifice for the common good. Expresses the sense of the House of Representatives that this domestic summit be convened forthwith comprised of the President, the majority and minority leadership of both Houses of the Congress, the chairman and ranking minority members of the Appropriations Committee of both Houses, the chairmen and ranking minority members of the Senate Finance Committee and the House Ways and Means Committee, and the chairman of the Federal Reserve Board, together with leaders of labor and business, and such other participants as they may agree upon. Stipulates that they shall meet and devote such time as necessary until a plan of action is decided upon which, by its demonstration of renewed unity, direction, and purpose, will gain the public support and confidence necessary to be effective in overcoming these difficulties. States that the House of Representatives stands ready to cooperate fully in the spirit of commitment and unity which the solution of this truly national problem will require of all elements of American society.
United States · United States Congress · 18 July 1974
Rice Act - Title I: Rice - Directs the Secretary of Agriculture, under the provisions of the Agricultural Adjustment Act of 1938, to establish for each of the 1975 through 1977 crops of rice a national acreage allotment which shall be the number of acreas which the Secretary determines on the basis of the estimated national average yeild for the crop for which the determination is being made will produce an amount of rice equal to the estimated domestic consumption and exports (less imports) of rice for the marketing year beginning in the year in which the crop is to be produced, adjusted as the Secretary determines necessary to maintain adequate supplies or to prevent execessive carryover stocks. Requires that the national acreage allotment shall not be less than two million acres. Directs the Secretary to allocate the national acreage allotment to States, counties, farms, and in producer States and administrative areas to producers on the basis of the rice allotments established for the preceding crops, adjusted to the extent deemed necessary to establish a fair and equitable apportionment base for each State, county, farm, and producer. Provides for reserving a portion of the rice allotment for apportionment to new rice farms and new rice producers. Sets forth criteria for reducing the rice allotment. Authorizes the Secretary to transfer for any year because of natural disaster all or part of such rice acreage for any farm in the county or in any other nearby county on which one or more producers on the farm from which the transfer is to be made will be engaged in the production of rice and will share in the proceeds thereof, in accordance with such regulations as the Secretary may prescribe. Directs the Secretary to permit the owner and operator of any farm for which a farm acreage allotment has been established to sell, or lease all or any part, to any other owner or operator of a farm in the same State, or to transfer all or any part of such allotment to any other farm owned or controlled by him in the same State. Title II: Rice Research - Authorizes the Secretary of Agriculture to carry out regional and national research programs with regard to rice for the following purposes: (1) to reduce fertilizer and herbicide usage in excess of production needs; (2) to develop varieties of rice more susceptible to complete fertilizer utilization; (3) to improve the resistance of rice plants to disease and to enhance their conservation and environmental qualities; (4) to increase the usage of rice and processing byproducts; (5) to develop better husbandry practices in production and conservation of rice; (6) to develop more efficient rice storage practices; (7) to improve domestic and international marketing of rice; and (8) to benefit the general welfare. Authorizes the appropriation of up to $1,000,000 in any fiscal year to carry out such research. Title III: Miscellaneous - Provides, under the Agricultural Act of 1949, that for the 1975 through 1977 crops of rice, a cooperator shall be a producer on a farm on which a farm acreage allotment has been established or to which a producer acreage allotment has been allocated, who has set aside the acreage required under such Act and who complies with the conditions of eligibility prescribed by the Secretary.
United States · United States Congress · 17 July 1974
Revises the Employment Act of 1946 to make the promotion of price stability a recognized factor in the formulation of national economic policy, along with the promotion of employment, production, and purchasing power.
![Official portrait of Rep. Mills, Wilbur D. [D-AR-2]](https://www.congress.gov/img/member/m000778_200.jpg)