United States · United States Congress · 5 December 1980
Amends the Bank Holding Company Act of 1956 to authorize any bank holding company whose operations are principally conducted in the Washington, D.C., standard metropolitan statistical area to acquire interest in a bank located outside the State but in the Washington, D.C., standard metropolitan statistical area.
United States · United States Congress · 5 December 1980
Allows any national banking association, with the approval of the Comptroller of the Currency, to establish and operate new branches in any State other than that in which the association is located. Stipulates that such branches may be established and operated only as are specically authorized by such other State's law pertaining to State banks. Amends the Bank Holding Company Act of 1956 to allow any bank holding company to acquire interest in a bank located outside the State in which such company's banking operations are principally conducted.
United States · United States Congress · 5 December 1980
Amends the Bank Holding Company Act of 1956 to authorize any bank holding company to acquire interest in a bank located outside the State, but in the standard metropolitan statistical area, in which such company's banking operations are principally conducted.
United States · United States Congress · 5 December 1980
Allows any national banking association, with the approval of the Comptroller of the Currency, to establish and operate new branches outside the State in which the association is located if: (1) such location is within the same standard metropolitan statistical area; and (2) the establishment and operation of such branches are specifically authorized by such other State's statute law to State banks. Amends the Bank Holding Company Act of 1956 to authorize any bank holding company to acquire interest in a bank located outside the State, but in the standard metropolitan statistical area, in which such company's banking operations are principally conducted.
United States · United States Congress · 5 December 1980
Allows any national banking association located in the Washington, D.C., standard metropolitan statistical area to establish and operate branches outside the State in which the association is located if: (1) such location is within the Washington, D.C., standard metropolitan statistical area; and (2) the establishment and operation of such branches are specifically authorized by such other State's statute to State banks. Amends the Bank Holding Company Act of 1956 to authorize any bank holding company whose operations are principally conducted in the Washington, D.C., standard metropolitan statistical area to acquire an interest in a bank located outside the State but in the Washington, D.C., standard metropolitan statistical area.
United States · United States Congress · 5 December 1980
Amends the Bank Holding Company Act of 1956 to allow any bank holding company to acquire interest in a bank located outside the State in which such company's banking operations are principally conducted.
United States · United States Congress · 2 October 1980
Reconstruction Finance Corporation Act of 1980 - Creates the Reconstruction Finance Corporation of 1980 to be administered by a board of directors. Sets forth the powers of the Corporation. Requires the Corporation to report annually on its operations to the President, the Secretary of the Treasury, and Congress. Provides for the capitalization of and issuance of obligations by the Corporation. Grants the Corporation tax-exempt status with specified exceptions. Authorizes the Corporation to provide financial assistance to business enterprises which meet specified eligibility criteria, including a beneficial impact on employment opportunities and productivity, the provision of necessary goods or services, the national interest, a feasible recovery plan, a reasonable assurance of repayment, and an employee stock ownership plan. Authorizes the Corporation to provide financial assistance to local governmental units which meet specified eligibility criteria, including a feasible recovery plan, State assistance, the national interest, a financial control board, and a reasonable assurance of repayment. Authorizes the Corporation to make loans and to guarantee loans to local governmental units or business enterprises. Sets forth conditions for such loans, guarantees, and commitments. Limits the aggregate amount of assistance to any one local governmental unit or business enterprise. Terminates the Corporation 30 years after enactment of this Act. Prohibits any commitment to provide financial assistance after six years from enactment of this Act, unless extended by Congress. Makes Federal financial disclosure and conflict of interest provisions applicable to Corporation employees and officials. Amends the Internal Revenue Code to impose a temporary surtax on the taxable income of every corporation with a taxable income greater than $1,000,000. Directs the Secretary of the Treasury to contribute the proceeds of such surtax to the capital stock of the Corporation through the Reconstruction Finance Corporation of 1980 Trust Fund.
United States · United States Congress · 2 October 1980
Alaska Lands Amendments Act - Title I: Findings and Purposes - Declares it the purpose of this Act to amend the provisions of the Alaska National Interest Lands Conservation Act so as: (1) to preserve the geological, scientific, wilderness, cultural, recreational, and wildlife values of remaining Federal lands in Alaska; and (2) to provide authorities and guidelines for the administration of the provisions of the Alaska National Interest Lands Conservation Act. Title II - Amends the Alaska National Interest Lands Conservation Act to increase the acreage of: (1) West Chichagof-Yakobi Wilderness; (2) Misty Fjords National Monument Wilderness; (3) Russel Fjord Wilderness; (4) Renali Wilderness; (5) Gates of the Artic Wilderness; (6) Glacier Bay Wilderness; (7) Katmai Wilderness; (8) Artic Wildlife Refuge Wilderness; (9) Koyukak Wilderness; (10) Yukon Wilderness; (11) Yukon Flats National Wildlife Refuge; and (12) Artic National Wildlife Refuge. Decreases the acreage of: (1) Wrangell-Saint Elicis Wilderness; (2) Wrangell-Saint Elias National Park; and (3) Lake Clark National Preserve. Increases the acreage of Wrangell-Saint Elias National Preserve and Lake Clark National Preserve. Establishes: (1) Yukon Charley Wilderness; (2) Devilnaw Wilderness; (3) Copper River Wilderness; (4) Copper River National Wildlife Refuge; and (5) Tetlin Wilderness. Establishes the Teshekpuk National Wildlife Refuge and the Utukok National Wildlife Refuge with a program for the issuance of exploration permits and lease sales. Increases the acreage of Wild and Scenic River Corridors and designates portions of the Yukon (Ramparts section) as a scenic river area. Designates certain planning areas within the Tongass National Forest. Provides that no timber within designated planning areas be sold except pursuant to the Tongass land management plan. Provides that all National Forest System lands in specified planning areas be withdrawn from location, entry, and patent under the mining laws, subject to valid existing rights. Requires the Secretary of Agriculutre to report to Congress findings as to whether specified planning areas should be: (A) designated a wilderness; (B) continued in planning status; or (C) made available for multiple uses. Exempts specified planning areas from the second roadless area review and evaluation. Provides that funds necessary to maintain the timber supply from the Tongass National Forest shall be drawn from the total sums collected as receipts from oil, gas, timber and coal which are deposited in the Treasury and credited as miscellaneous receipts. Requires the Secretary of Agriculture to designate alternative lands of equal or greater timber value other than within Admiralty Island and Misty Fjords National Monuments in the satisfaction of the rights of the Natives of Sitka. Requires the Secretary of Agriculture to permit limited development within Misty Fjords National Monument to the extent U.S. Borax and Chemical is presently entitled. Provides that Monument McKinley shall retain its name. Removes Stiese National Conservation Area from coverage of the Act. Places certain restrictions on state selections and conveyances. Sets forth procedures for the conveyance of public lands to certain Village Corporations and Regional Corporations. Permits local residents and others aggrieved by a failure of the State or Federal government to provide for the priority for subsistence uses to file a civil action in the Federal Court for the District of Alaska. Provides that nothing in the Act shall preclude the renewal or continuation of valid leases or permits for cabins, homesites or similar structures. Extends the length of time required for the Secretary to complete certain studies and reports to the Congress. Provides that the executive may not withdraw more than 5,000 acres without the approval of the Congress by joint resolution within one year of notice of such withdrawal. Requires the Secretary to establish an oil and gas leasing program on public lands not included in the Federal North Slope Oil and Gas leasing program or the National Petroleum Reserve-Alaska unless prohibited by applicable law. Permits the Secretary to refuse to renew a permit for an existing cabin if the Secretary determines that such renewal would not be in the public interest. Prohibits any fees from being charged for entrance or admission to any unit of the National Park System located in Alaska. Makes additional technical, conforming and perfecting amendments.
United States · United States Congress · 29 July 1980
Synthetic Fuel Community Bridge Loan Act - Authorizes the Secretary of the Treasury to make loans and loan guarantees to provide interim financing to assist local governments in providing public infrastructure and public services which, in the opinion of the applicant and with the concurrence of the Secretary, are necessary to support the increased population which results from the construction and operation of a synthetic fuel facility.
United States · United States Congress · 26 June 1980
Presidential Nomination Commission Resolution - Establishes the Commission on Presidential Nominations to make an investigation regarding the presidential nominating process. Directs the Commission to report to the President and Congress respecting such investigation, including recommendations for the 1984 presidential elections. States that the Commission shall cease to exist 60 days after submitting such report. Sets forth the powers of such Commission and related administrative provisions.
United States · United States Congress · 17 June 1980
Amends the Internal Revenue Code to allow, for estate and gift tax purposes, effective disclaimer of an interest created by a transfer of property made before November 15, 1958 if: (1) such disclaimer otherwise satisfies the requirements for such disclaimers; and (2) it is made within nine months following enactment of this Act, or within nine months after the disclaimant receives knowledge of such interest (but not later than December 31, 1991).
United States · United States Congress · 11 June 1980
Commission on the International Application of the United States Antitrust Laws Act - Establishes a Commission on the International Application of the United States Antitrust Laws. Charges such Commission with examining the international aspects of United States antitrust laws and related statutes, court rules and administrative procedures, and with making recommendations to the President and to the Congress on the results of such study. Directs the President to appoint the 18 member Commission from the executive branch, the Senate, the House of Representatives, and the private sector. Sets forth the organization and compensation of members and the powers of the Commission. Excludes such Commission from the application of the Freedom of Information Act. Requires that any formal recommendation made by the Commission to the President and to the Congress must have the majority vote of the Commission as present and voting. Requires the Commission to submit its final report within one year after its first meeting. Terminates the Commission 60 days after it submits the report to the Congress. Authorizes appropriations as may be necessary to carry out the activities of the Commission.
United States · United States Congress · 10 June 1980
Expresses the sense of the House of Representatives that neither the Secretary of Transportation nor the Administrator of the Federal Aviation Administration shall take any actions which would reduce public air service into Washington National Airport.
United States · United States Congress · 30 May 1980
Ocean Thermal Energy Conversion Research and Development Act - Directs the Secretary of Energy to prepare a comprehensive program management plan of research, development, and demonstration of ocean thermal energy conversion (OTEC) systems. Directs the President to submit to Congress annually the most recent revision of the plan giving justification for any changes. Directs the Secretary to initiate research or accelerate existing research in areas in which the lack of knowledge limits development of OTEC in order to achieve the purposes of this Act. Authorizes the Secretary to initiate a program to design, construct, and operate well instrumental OTEC facilities of sufficient size to demonstrate the technical feasibility of utilizing the various forms of OTEC to displace nonrenewable fuels. Directs the Secretary to conduct evaluations, arrange for tests, and disseminate information to support such design efforts. Provides for the competitive selection of at least two independent parallel pilot demonstration projects. Establishes goals for the demonstration program which shall include: (1) the demonstration of OTEC technical feasibility through multiple pilot demonstration plants with a combined capacity of at least 50 megawatts of electrical capacity or energy product equivalent by 1987; (2) the delivery of baseload electricity to utilities located on land or the production of commercially attractive quantities of energy products; and (3) the continuous operation of each pilot demonstration facility for a sufficient period of time to collect and analyze system performance and reliability data. Directs the Secretary to prepare a comprehensive technology application and market development plan that will permit the realization of the national goal set forth in this Act of 2,500 megawatts of electrical capacity or energy product equivalent from OTEC systems by 2000. Directs the Secretary to set priorities consistent with several criteria including: (1) the realization of competitive energy costs for OTEC; (2) private cost-sharing; and (3) the promotion of OTEC in areas vulnerable to interruptions in the supply of fossil fuel. Establishes the OTEC Advisory Committee to advise and report to the Secretary. Requires the Committee to meet at least four times annually until the demonstration goals are met. Authorizes appropriations for operating expenses for fiscal year 1982. Authorizes appropriations for the conceptual and preliminary design of demonstration plants with a combined capacity of at least 50 megawatts electrical or energy product equivalent.
United States · United States Congress · 19 May 1980
Authorizes the Secretary of the Interior to convey to Carnegie-Mellon University the land owned by the United States upon which the Pittsburgh facility of the Bureau of Mines is located.
United States · United States Congress · 14 May 1980
Authorizes and requests the President to designate the seven-day period beginning October 5, 1980, as "National Port Week." Directs the Secretary of Commerce to report annually to Congress on the conditions of U.S. public ports.
United States · United States Congress · 12 May 1980
Amends the Council on Wage and Price Stability Act to increase the authorizations of appropriations for fiscal years 1980 and 1981. Extends the authority of the Council through fiscal year 1981. Requires the Director of the Council to initiate the formation within its administrative structure of a productivity section to advise the public and private sectors of the economy relative to their actions and report on the impact of productivity on consumers, workers, business, economic growth, and inflation.
United States · United States Congress · 7 May 1980
Amends the Council on Wage and Price Stability Act to increase the authorizations of appropriations for fiscal years 1980 and 1981. Extends the authority of the Council through fiscal year 1981. Requires the Director of the Council to initiate the formation within its administrative structure of a productivity section to advise the public and private sectors of the economy relative to their actions and report on the impact of productivity on consumers, workers, business, economic growth, and inflation.
United States · United States Congress · 7 May 1980
Amends the Clean Air Act and the Clear Air Act Amendments of 1977 to extend specified deadlines applicable to stationary sources (relating to State implementation plans, Federal enforcement, and noncompliance penalties).
United States · United States Congress · 6 May 1980
Housing and Community Development Act of 1980 - Title I: Community and Neighborhood Development and Conservation - Amends the Housing and Community Development Act of 1974 to specify for fiscal years 1981, 1982, and 1983 that no data derived from the 1980 Decennial Census, except those relating to population and poverty, shall be taken into account for purposes of the allocation of funds to metropolitan areas. Prohibits, for fiscal years 1981, 1982, and 1983, any revision of the criteria for establishing a metropolitan area or defining a central city of such an area published after January 1, 1980, to be taken into account for purposes of this title, except in the case of any area or city which would newly qualify as a metropolitan area or a central city of such an area. Specifies that, with respect to grants for State, tribal, and local community development programs, beginning in fiscal year 1981, the population of any unit of general local government which is included in that of an urban county shall be included in the population of such urban county for three program years beginning with the program year in which its population was first so included. Requires any county seeking qualification as an urban county, including any urban county seeking to continue such qualification, to notify each unit of general local government, which is included therein and is eligible to elect to have its population excluded from that of an urban county, of its opportunity to make such an election. Declares that the Congress finds that the Nation's cities, towns, and smaller urban communities face critical social, economic, and environmental problems arising in significant measure from increasing energy costs which have seriously undermined the quality and overall effectiveness of local community and housing development activities. Requires concerted action by Federal, State, and local governments to address the economic and social hardships borne by communities as a consequence of scarce fuel supplies. Allows grants for State and local community development programs to be available for the conservation of the Nation's scarce energy resources, improvement of energy efficiency, and the provision of alternative and renewable energy sources of supply. Allows the applicant, at the discretion of the applicant, when applying for such grants, to include as part of the program summary, formulation, and description as required by such Act, comparable information with respect to the applicant's energy conservation and renewable energy resource needs and objectives. Makes activities necessary to the development of a comprehensive community-wide energy use strategy eligible for assistance under the community development program. Authorizes the appropriation of funds for the purpose of making grants to States and units of local government to help finance community development programs for fiscal years 1981 through 1983. Authorizes funds for fiscal years 1981 through 1983 for the purpose of assisting severely distressed cities that require supplemental grant assistance in order to alleviate excessive deterioration through neighborhood reclamation and community revitalization. Limits amounts of appropriated funds which may be used to aid metropolitan cities, urban counties, and other units of local government within metropolitan areas to meet their basic grant needs. Eliminates hold-harmless entitlements. Declares that funds which are to be reallocated, after a determination by the Secretary that they are not likely to be fully obligated during a community development program period, shall be reallocated first to other units of general local government in the metropolitan area to which the funds were originally allocated, second, in any metropolitan area in the same State, and third, in any other metropolitan area. Requires an applicant for a grant under the community development program to take into account the effect of such activities on the involuntary displacement of low- and moderate-income persons and takes into account appropriate environmental factors. Requires the Secretary of Housing and Urban Development to continue the study on involuntary displacement conducted under the Housing and Community Development Amendments of 1978 and to transmit, not later than March 30, 1981, a report to Congress which shall contain: (1) data collected since the initial report; and (2) further recommendations on minimizing involuntary displacement and alleviating problems caused by such displacement. Amends the Housing Act of 1964 to define the terms "congregate housing" as residential property in which some or all of the dwelling units do not contain kitchen or bathroom facilities, and the term "single-room occupancy housing" to mean residential property in which some or all of the dwelling units do not contain bathroom or kitchen facilities. Extends the rehabilitation loan program under such Act to include congregate housing and single-room occupancy housing, and to authorize appropriations for fiscal years 1980 and 1981 for community and neighborhood development and conservation programs. Authorizes appropriations, through fiscal year 1982, for the neighborhood self-help development programs under the Housing and Community Development Amendments of 1978. Authorizes the Secretary of Housing and Urban Development to reimburse the Veterans Administration for properties transferred to urban homesteading programs. Requires the Secretary, not later than January 1, 1983, to report to the Congress with respect to the adequacy, effectiveness, and equity of the formula used for the allocation of funds for community development programs under the Housing and Community Development Act of 1974, with specific analysis and recommendations concerning the manner in which such formula is or could be affected by the data derived from the 1980 decennial census. Title II: Housing Assistance Programs - Authorizes additional authority for the Secretary of Housing and Urban Development to enter into contracts for annual contributions under the United States Housing Act of 1937, after October 1, 1980, for low-income housing projects. Directs the Secretary to enter into only such new contracts for preliminary loans as are consistent with the number of dwelling units for which contracts for annual contributions may be entered into. Amends the United States Housing Act of 1937 to provide assistance to improve the physical condition of existing public housing projects, and to upgrade the management and operation of such projects, in order to assure that that such projects continue to be available to serve low-income families. Allows the Secretary to make available and contract to make available financial assistance to public housing agencies for the purpose of improving the physical condition of existing low-rent public housing projects and for upgrading the management and operation of such projects to the extent necessary to maintain such physical improvements. Prohibits such assistance from being made unless the Secretary has approved an application from the public housing agency which has been developed in consultation with appropriate local officials and with tenants of such housing projects. Sets forth the information required in such application. Declares that in making such assistance the Secretary shall give preference to public housing agencies which: (1) request assistance for projects having conditions which threaten the health or safety of the tenants or have a significant number of vacant, substandard units; and (2) which have demonstrated a capability of carrying out the activities proposed in the plan submitted and approved by the Secretary. Provides for assistance to any public housing agency in an amount which the Secretary determines is necessary to meet emergency or special purpose needs. Allows the Secretary to make, and contract to make, periodic interest reduction payments on behalf of the owner of a multifamily rental project in order to encourage the construction of new or substantially rehabilitated multifamily rental housing projects designed for families with incomes which do not exceed 150 percent of the median income of the area in which the project is located. Permits such payments to be made for a period of not more than 30 years to mortgagees holding mortgages secured by such project. Requires the Secretary to establish procedures for review of incomes of tenants at intervals of two years. Requires the Secretary, if as a result of such review it is determined that there are tenants in the project whose incomes exceed 150 percent of the median income for the area, to provide that rental payments made by each such tenant shall increase over a three-year period so that at the end of such period each such tenant will be paying the amount of rent which would be charged with respect to the tenant's dwelling unit if payments were not made with respect to the project. Reduces the amounts payable by the Secretary with respect to the project by any amount received by the owner as a result of such increased rental payments. Directs the Secretary, in making such rental assistance, to give a preference to projects which have or will receive financial contributions from a State or local government. Authorizes appropriations through fiscal year 1982 for operating assistance for troubled multifamily housing projects under the Housing and Community Development Amendments of 1978. Amends the National Housing Act to direct the Secretary to utilize amounts credited to the rental housing assistance fund for the sole purpose of carrying out assistance for troubled multifamily housing projects through September 30, 1981. Increases the allowable maximum amount for mortgage assistance payments under the National Housing Act. Allows the Secretary, under the mortgage insurance program, to insure a mortgage involving a principal obligation which exceeds, by not more than ten percent, the maximum limits, if such mortgage relates to a dwelling to be occupied by a physically handicapped person. Allows the Secretary, in order to prevent inflationary conditions and related governmental actions from having a severely disproportionate effect on the housing industry, to make and contract to make periodic assistance payments to mortgagees or other lenders on behalf of homeowners (including the owners of mobile homes). States that not more than 75 percent of such authority may be so utilized. Terminates such authority on September 30, 1981, or at such earlier date as the Secretary may deem appropriate. Sets forth the eligibility requirements for such assistance payments. Specifies that assistance payments to a mortgagee by the Secretary on behalf of a homeowner shall be made only during such time as the homeowner shall continue to occupy the property which secures the mortgage or loan. Permits the Secretary to insure, upon application by the mortgagee, a mortgage executed by a mortgagor who meets the eligibility requirements for assistance payments. Sets forth the eligibility requirements for such insurance. Amends the Housing and Community Development Amendments of 1978 to require a public housing agency or nonprofit corporation applying for assistance to provide congregate services: (1) to elderly residents to consult with the Area Agency on Aging; and (2) to nonelderly handicapped residents to consult with the appropriate agency. Amends the United States Housing Act of 1937 to provide funds to cover the administrative cost of public housing for Indians and Alaskan Natives. Amends the United States Housing Act of 1937 to authorize the Secretary of Housing and Urban Development to enter into contracts for assistance with respect to newly constructed or substantially rehabilitated public housing projects. Requires the installation of a passive or active solar energy system in any such project unless the Secretary determines that such installation would not be cost effective over the estimated life of the system. Title III: Program Amendments and Extensions - Extends through September 30, 1981, the authority of the Secretary of Housing and Urban Development (HUD) to insure mortgages or loans under certain HUD mortgage or loan insurance programs under the National Housing Act and to set interest rates for insured mortgage loans. Extends until October 1, 1981, the authority of the Government National Mortgage Association to enter into new commitments to purchase mortgages under the interim mortgage purchase authority of the National Housing Act, as amended by the Emergency Home Purchase Assistance Act of 1974. Authorizes appropriations for research and demonstration housing projects through fiscal year 1981. Amends the National Housing Act to authorize appropriations to cover losses sustained by the General Insurance Fund. Amends the National Housing Act to specify that neither the holder of a mortgage insured under such Act and covering five or more dwelling units, nor the Secretary of Housing and Urban Development as insurer or holder of such a mortgage insured or formerly insured under such Act, shall be precluded, limited, or delayed in the exercise of any rights or remedies provided in the mortgage or in any contract or agreement governing the maintenance or operation of the property secured by the mortgage, by the provisions of any Federal law, except Federal law enacted expressly in limitation. Amends the National Housing Act to increase the mortgage purchase authority of the Government National Mortgage Association. Increases, by up to 20 percent, the amounts which may be insured under the National Housing Act for multifamily and institutional projects if such increase is necessary to account for the increased cost of the project due to the installation of a solar energy system. Requires a mortgage, in order to be eligible for mortgage insurance under the National Housing Act, to have a period of not less than ten years to run beyond the maturity date of the mortgage. Makes mortgaged property located where concentrated housing, physical development, and public service activities are being or will be carried out in a coordinated manner, pursuant to a locally developed strategy for neighborhood improvement, conservation, or preservation, eligible for rehabilitation and neighborhood conservation housing insurance under the National Housing Act. Authorizes the Secretary, as an alternative to the acquisition of an insured mortgage to avoid foreclosure, to make all or part of the monthly payments due on an insured mortgage of a one to four family residence necessary to avoid default caused by circumstances beyond the mortgagor's control. Stipulates that such payments may be provided for a period of up to 18 months which may be extended for an additional 18 months at the discretion of the Secretary. Requires the Secretary to provide home ownership counseling to persons receiving such assistance. Requires the Secretary of Housing and Urban Development, by March 15 of every other year beginning with calendar year 1981, to report to Congress concerning housing production goals for the current year and set forth general objectives for such activity during the next year. Declares that the land transferred by the city of Springfield, Illinois, to the United States Department of the Interior for the Lincoln Home National Historic Site shall be deemed to have been made in accordance with the provisions of the Housing Act of 1961 and any other law and with any regulations or other requirements in implementation thereof. Amends the Energy Conservation Standards for New Buildings Act of 1976 to extend until August 1, 1982 the deadline for energy conservation standards for new buildings. Amends the Federal National Mortgage Association Charter Act to limit mortgage amounts which may be purchased under certain secondary financing programs. Amends the National Housing Act to provide supplementary loans for multifamily housing projects if meters are purchased or installed in connection with other energy conserving improvements or with a solar energy system or the project meets minimum standards of energy conservation as established by the Secretary of Housing and Urban Development. Increases the mortgage limits in the case of property upon which there is located one to four family dwelling. Increases the limit on loans for mobile homes and lots with respect to credit insurance of financial institutions. Amends the Neighborhood Reinvestment Corporation Act to authorize appropriations through fiscal year 1981 for the Neighborhood Reinvestment Corporation. Requires the Secretary of Housing and Urban Development to study the feasibility of utilizing manufactured and other appropriate types of housing in carrying out housing programs for Indians and Alaskan Natives. Amends the Federal National Mortgage Association Charter Act to authorize the corporation to purchase, service, sell, lend on the security of, and otherwise deal in loans and advances of credit secured by mortgages or other liens against mobile homes. Amends the National Housing Act to direct the Secretary of Housing and Urban Development, in connection with a loan or mortgage insurance program established under such Act, to require that payment of such premiums be made promptly upon their receipt from the borrower. Stipulates that the Secretary may approve payment of such premiums within 12 months of such receipt if the financial institution, mortgagee, or agent thereof pays interest, at a rate specified by the Secretary, to the insurance fund for the period beginning 20 days after receipt from the borrower and ending upon payment of the premiums to the Federal government. Title IV: Planning Assistance - Declares that the following are national policy objectives with respect to housing under the Housing Act of 1954: (1) the conservation and improvement of existing communities; (2) an increase in housing and employment opportunities and choices; and (3) the promotion of orderly and efficient growth and development of communities, regions, and States, taking into consideration the necessity of conserving energy. Declares that it is the purpose of this title to help achieve these objectives by: (1) encouraging the joint efforts of State and local governments and areawide planning organizations in developing State and areawide strategies; and (2) assuring that strategies developed pursuant to this section will lead to implementation activities by States, areawide planning organizations, and local governments. Authorizes the Secretary of Housing and Urban Development to contract to make, and to make, grants approved in accordance with the provisions set forth in this section to: (1) States, for statewide activities; (2) States, for the provision of assistance to metropolitan areawide planning organizations, nonmetropolitan areawide planning organizations, units of general local government, counties, other than urban counties, and any group of adjacent units of general local government having a total population of less than 50,000; (3) area-wide planning organizations; (4) units of general purpose local government; (5) urban and rural counties; (6) Indian tribes; and (7) the Virgin Islands, Guam, the Northern Mariana Islands, American Samoa, and the Trust Territory of the Pacific Islands. Specifies that such grants shall not exceed two-thirds of the estimated cost of the work for which the grant is made. Sets forth the information to be included in the applications for such grants and requires such applications to meet such requirements as the Secretary may prescribe by regulations. Requires such applications to set forth a strategy statement which identifies policies and programs over at least a three-year period which address the major issues and problems of the applicant's jurisdiction. Requires the Secretary to establish, by regulation, criteria for the evaluation and approval of strategy statements and applications for grants and for the awarding of such grants. Requires each State and other entity receiving assistance directly from the Secretary for actions or activities being carried out to submit to the Secretary, each year, a performance report concerning such actions and activities. Requires the Secretary, on an annual basis, to make such reviews and audits as may be necessary or appropriate to determine whether a recipient of funds has carried out actions and activities substantially as described in its application. Allows the Secretary to adjust, reduce, or withdraw grant funds, or take other action as appropriate in accordance with such reviews and audits. Specifies that a strategy statement approved by the Secretary shall remain in effect for a maximum of three years following the date of its approval. Title V: Rural Housing - Authorizes appropriations for fiscal year 1981 for the following rural housing programs administered by the Secretary of Agriculture subject to approval in appropriation Acts: (1) low and moderate income or elderly rental and cooperative housing assistance; (2) insurance of loans for housing and related facilities for domestic farm labor; and (3) advances from the escrow account for taxes, insurance, and other expenses. Authorizes appropriations for: (1) payments on notes and obligations issued by the Secretary for the purpose of making direct loans; (2) loans and grants for repairs and improvements to rural dwellings; (3) financial assistance to provide low- rent housing for domestic farm labor; (4) loans and loan insurance for the purchase of condominiums in rural areas; and (5) sums necessary for the Secretary to administer specified Federal housing program for lower income families. Repeals the ceiling on the aggregate loan principal which may be insured in a single fiscal year for housing and related facilities for domestic farm labor. Limits the amount of contract authority for home ownership subsidies in fiscal years 1980 and 1981. Prohibits such assistance in any fiscal year after 1980. Authorizes appropriations for mutual and self-help housing programs for fiscal year 1981. Requires such amounts appropriated, together with principal collections from loans made under appropriations in any previous fiscal year, to be deposited in the Self-Help Housing Land Development Fund, which shall be available as a revolving fund for making loans under the mutual and self-help housing programs. Allows the Secretary to enter into rental assistance contracts with respect to the fiscal year 1981. Defines the terms "Indian tribe", "rural resident", and "adequate dwelling" for the purposes of Federal rural housing programs. Makes persons who reside in reservations or villages of Indian tribes eligible for assistance under the Federal rural housing program. Applies energy conservation standards to homes acquired and sold by the Farmers' Home Administration. Prohibits the Secretary from approving any rent increases in specified projects which are assisted under such Act unless the project owner is receiving, or has applied for rental assistance payments under the United States Housing Act of 1937. Permits the Secretary to make and insure loans to consumer cooperatives to enable such cooperatives to finance the transfer of membership in the cooperative upon such terms and conditions as low- and moderate-income persons can reasonably afford. Specifies that a loan made to a consumer cooperative for cooperative housing purposes may be made upon condition that persons, admitted as eligible members and tenants of the cooperative, may not subsequently be deprived of their membership or tenancy by reason of their no longer meeting the income eligibility requirements. Amends the Housing and Urban Development Act of 1969 to allow the Administrator of General Services to transfer any Federal surplus real property, within the meaning of such Act, to the Secretary of Housing and Urban Development or the Secretary of Agriculture at either's request for sale or lease by either Secretary at its fair value for use in the provision of housing to be occupied predominantly by families or individuals of low- or moderate-income, assisted under a Federal housing assistance program or under a State or local program. Requires the Secretary of Agriculture to study the legislative and administrative changes which would be required: (1) to conform the procedures of the Farmers Home Administration for reporting budget and accounting information with the reporting principles established by the Presidential Commission on Budget Concepts; (2) to establish procedures to reflect fully in the Federal Budget the budget authority and outlays of the programs administered by the Farmers Home Administration; (3) to remove budget and accounting practices which are inconsistent with the practices for recording debt transactions as provided in the current policy of the Office of Management and Budget; and (4) to simplify the authorities provided in the Housing Act of 1949. Amends the Housing Act of 1949 to permit the Secretary of Agriculture to administer, in any rural area, any mortgage insurance program established pursuant to the National Housing Act to the extent to which the administration of any such program is delegated to the Secretary by the Secretary of Housing and Urban Development. Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to delegate certain mortgage insurance programs to the Secretary of Agriculture in rural areas.
United States · United States Congress · 21 April 1980
Comprehensive Housing Development Act of 1980 - Amends the National Housing Act to increase the allowable maximum amount for mortgage assistance payments under such Act. Authorizes appropriations for such mortgage assistance payments through October 1, 1981. Authorizes the Secretary of Housing and Urban Development, under the mortgage insurance program, to insure a mortgage involving a principal obligation which exceeds, by up to ten percent, the maximum limits specified under the Act, if such mortgage relates to a dwelling to be occupied by a physically handicapped person and the additional principal reflects the cost of making the dwelling accessible to such person. Allows the Secretary, in order to prevent inflationary conditions and related governmental actions from having a severely disproportionate effect on the housing industry, to make and contract to make periodic assistance payments to mortgagees or other lenders on behalf of homeowners (including the owners of mobile homes). Terminates such authority on September 30, 1981, or at such earlier date as the Secretary may deem appropriate. Specifies that such payments may be made only on behalf of a homeowner who satisfies such eligibility requirements as may be prescribed by the Secretary. Requires a homeowner to continue to occupy the property which secures the mortgage or loan in order to receive such assistance payments. Sets forth the formula for determining the amount of such assistance payments. Allows the Secretary to include in the payment to the mortgagee or other lender such amount as the Secretary deems appropriate to reimburse the mortgagee or lender for its reasonable and necessary expenses in handling the mortgage or loan. Limits assistance payments for mobile homes to no more than 20 percent of the total number of units for which assistance is approved. Allows the Secretary, upon application by the mortgagee, to insure a mortgagor who meets the eligibility requirements for assistance payments as set forth by the Secretary. Sets forth the eligibility requirements for such insurance. Allows the Secretary to provide for graduated mortgage assistance payments, and to insure mortgages with varying rates of amortization, for not in excess of 100,000 mortgages. Extends until October 1, 1981, the authority of the Government National Mortgage Association to enter into new commitments to purchase mortgages under the interim mortgage purchase authority of the National Housing Act, as amended by the Emergency Home Purchase Assistance Act of 1974. Amends the National Housing Act to authorize appropriations to cover losses sustained by the General Insurance Fund. Allows the Secretary to make, and contract to make, periodic interest reduction payments on behalf of the owner of a multifamily rental project. Allows such payments to be made for a period of not more than 30 years to mortgagees holding mortgages secured by such project. Sets forth the formula for determining the amount of such payments. Sets forth the eligibility requirements which must be met in order to receive such payments. Requires the Secretary to provide that such payments are made only with respect to that part of the mortgage concerning the portion of the project which is used for residential purposes and only for the benefit of the families residing in such projects. Specifies that such payments may be made only to a project located within the jurisdictional boundaries of a unit of general local government which has made substantial progress in meeting its annual goals for housing for lower- income persons as specified in its housing assistance plan submitted pursuant to the Housing and Community Development Act of 1974. Requires the Secretary, in making such assistance, to give a preference to projects which have or will receive financial contributions from a State or local government which will result in lower rental charges to the families residing therein. Amends the Housing and Community Development Act of 1974 to require an applicant for grants for State and local community development programs to submit a housing assistance plan which: (1) accurately surveys the condition of housing stock in the community designed for persons who have incomes which do not exceed 150 percent of the median income for the area; (2) assesses the housing assistance needs of such person; (3) specifies a realistic goal of the number of rental dwelling units which will be provided such persons as a result of such program; and (4) indicates the general locations of such dwelling units.
United States · United States Congress · 15 April 1980
Supports the President's actions towards Iran to secure the release of the hostages. Expresses the sense of the House of Representatives that it is necessary to obtain international cooperation in imposing sanctions on Iran.
United States · United States Congress · 11 March 1980
Amends the Council on Wage and Price Stability Act to require the Council on Wage and Price Stability to report to the President and the Congress on an annual basis (formerly, on a quarterly basis and not later than 30 days after the close of each calendar quarter). Raises the authorization of appropriations under such Act for fiscal year 1980. Extends the authorization of appropriations and the authority under such Act through fiscal year 1981.
United States · United States Congress · 31 January 1980
Establishes a Commission on More Effective Government to study and recommend ways of promoting economy, efficiency, and improved service within the Federal Government. Directs the Commission to recommend methods to improve the relationship between Federal, State, and local governments. Provides for the appointment of members of the Commission by the President, the Speaker of the House of Representatives, and the President pro tempore of the Senate. Sets forth provisions governing the organization and compensation of the Commission and its staff. Empowers the Commission to establish advisory councils and committees as it deems appropriate without regard to the provisions of the Federal Advisory Committee Act. Sets forth the powers of the Commission enabling it to gather information free from subsequent review or comment by any Federal agency. Directs the Commission to submit its final report to the Congress ten days after the Ninety-eighth Congress convenes. Terminates the Commission 90 days after such date. Authorizes the appropriation of funds necessary to carry out this Act.
United States · United States Congress · 31 January 1980
Commercial Motor Vehicle Safety Act of 1980 - Title I: Commercial Motor Vehicle Safety - Directs the Secretary of Transportation to establish and revise within one year safety rules and regulations to assure that: (1) commercial motor vehicles are safely maintained, equipped, loaded, and operated; (2) the responsibilities imposed upon drivers of such vehicles do not impair a driver's ability to operate such vehicle safely; (3) the physical condition of such drivers will be adequate to enable them to drive safely; and (4) the operation of such vehicles does not create deleterious effects on the physical condition of such drivers. Permits the Secretary to waive such rules and regulations if to do so is in the public interest and consistent with the safe operation of commercial motor vehicles. Directs the Secretary and the Director of the National Institute for Occupational Safety and Health, in consultation with the Secretary of Labor to undertake, and submit to Congress within one year a study of health hazards to which operators of commercial vehicles are exposed. Requires the development of such materials and information as are necessary to enable such employees to carry out their employment free from recognized hazards capable of causing serious injury. Authorizes the Secretary to conduct research, development, demonstration, and training activities to develop such rules and regulations, to design and develop improved enforcement procedures and technologies, and to familiarize affected persons with such regulations. Authorizes the Secretary to require persons subject to this Act to maintain such records and make such reports as are necessary to insure compliance with this Act. Authorizes the Secretary to conduct investigations and inspections without notice to enforce this Act. Requires the Secretary to timely investigate nonfrivolous complaints alleging a material violation of any rule or regulation issued under this Act. Sets forth civil and criminal penalties for such violations. Provides for judicial review of final orders with respect to such alleged violations. Prohibits an employer from discriminating or taking punitive actions against employees who complain of safety violations, who participate in any proceeding regarding such alleged violations, or who refuse to operate a vehicle when to do so would materially violate motor carrier safety violations. Authorizes the Secretary to make grants to States for up to 80 percent of the costs of the development or implementation of programs for the enforcement of commercial motor vehicle safety regulations. Authorizes appropriations for such purpose for fiscal years 1981, 1982 and 1983. Requires States which agree to enforce this Act to submit an enforcement plan to the Secretary for approval. Sets forth requirements which must be included in any such plan. Permits any State agency to adopt additional or more stringent rules and regulations which are consistent with the Federal rules and regulations. Permits any State to retain existing hours-of-service regulations except where such regulations diminish commercial motor vehicle safety or are unduly burdensome on interstate commerce. Requires the Secretary to submit annual reports to the Congress regarding current plans to upgrade the safety and health of operators of commercial motor vehicles. Directs the Secretary to submit a report to Congress within 12 months regarding the advisability of establishing a national commercial vehicle driver register to upgrade safety through improved monitoring of traffic accidents and violations and of multiple State licensing. Exempts vehicles engaged in farming or logging operations from the requirements of this Act. Directs the Secretary to establish a Commercial Motor Vehicle Safety Advisory Committee to review research projects and proposed regulations, make recommendations and advise the Secretary on matters relating to the activities and functions of the Department in the field of commercial motor vehicle safety. States that membership on such Committee shall be appointed by the Secretary.
United States · United States Congress · 23 January 1980
Expresses the sense of Congress to condemn Soviet actions taken against Andrei Sakharov which further show the lack of the Soviet Union's fitness to host the Olympics.
United States · United States Congress · 19 December 1979
Veterans Administration Adjudication Procedure and Judicial Review Act - Title I: Adjudication Procedures - Codifies, for Veterans Administration (VA) adjudication purposes, the burden of proof and reasonable doubt standard currently provided for by VA regulation. States that a claimant has the burden of submitting sufficient evidence to justify his or her claim, and that if an approximate balance of positive and negative evidence exists regarding the merits of a claim, the VA is to resolve such doubt in favor of the claimant. Stipulates that VA subpoenas may be served either by personal delivery or by registered or certified mail. Increases the size of the Board of Veterans' Appeals from 50 to 65 members. Requires the Chairman of such Board to submit an annual report to the appropriate congressional committees concerning the Board's current handling of cases and projections for the subsequent fiscal year. Requires the Board: (1) to provide notice to a claimant and an opportunity for a hearing before a decision may be based on "additional official information" received after a Board decision has previously been made; (2) provide the claimant with an opportunity for a hearing; and (3) make its decision exclusively on evidence and material of record in the proceeding. Removes the requirement that new material sufficient to allow the Board to reopen a previously disallowed claim be in the form of official reports. Provides that the Board's discretionary authority to reopen a claim will not be diminished by a judicial decision following an appeal as provided for by this Act. Requires the Board to mail to the claimant notice of its decision and the reasons for such decision. Provides that, upon the request of a claimant, the Board shall provide an independent advisory medical opinion when there exists substantial medical disagreements with respect to a material issue in a veterans' appeal. Sets forth new procedural rules for adjudication hearings regarding: (1) oaths, affirmations, and witness examination; (2) admissibility of evidence; (3) procedural rights of claimants; (4) disqualification of a hearing officer; (5) the record of the proceedings and the claimants' right to examine and obtain a copy of such record; and (6) the exclusivity of veterans' adjudication procedures and rights prescribed by the Administrator. Requires the Administrator to provide at each stage of the appeal proceedings written notice to a claimant of procedural rights and procedures. Directs the Administrator to conduct a study of two alternate claims resolution methods, one a new intermediate-level adjudication process, the other an enhanced schedule of formal Appeals Board hearings. Title II: Veterans' Administration Rule Making - Includes the VA's rulemaking procedures under the relevant provisions of the Administrative Procedure Act. Title III: Judicial Review - Provides for judicial review of VA decisions in the Federal court system. States, with regard to jurisdiction: (1) that judicial review of a final decision in a claim for benefits may be obtained in a civil action brought within 180 days of the Board's mailing of notice of its decision, and that such action shall be brought in Federal district court; (2) that in cases not directly involving a claim for benefits a civil action otherwise authorized by law shall not be precluded; (3) the definition of final decision; (4) that the judicial review procedures established under this Act shall not apply to insurance and home loans; (5) that the VA shall file the various materials constituting the record in a case together with its answer to the claimant's complaint; and (6) that the court render a decision on the pleadings. States, with regard to the reviewing court's scope of review, that such court: (1) decide questions of law and interpret constitutional, statutory, and regulatory provisions, but that questions of fact (unless unsupported by substantial evidence) will not be subject to a trial de novo; and (2) in reviewing a final decision of the VA which is adverse to a party solely because such party failed to comply with VA procedures, such court may only review questions concerning such procedures. Sets out provisions regarding remand, survival of actions, and appellate review. Title IV: Attorneys' Fees - Authorizes the Administrator to allow attorneys' fees above the present $10 maximum if the appealing party's claim is allowed by the VA after an initial denial. States that such fee shall be the lesser of: (1) the fee agreed upon by the party and attorney; (2) $500, unless the Administrator approves a greater amount; or (3) if the party and attorney have entered into a contingent-fee agreement, not more than 25 percent of the total of any past-due benefits' awarded on the basis of such party's claim. Provides for the approval of attorneys' fees, in successful veterans' claims brought before court, as provided for under this Act. Stipulates that such fees shall be determined by such court, and in contingent-fee agreements such fees shall not exceed 25 percent of the total of any past-due benefits awarded on the basis of such claim. Authorizes attorneys' fees of up to $750 in certain unsuccessful veterans' claims. Prohibits the VA from authorizing payment to a claimant's attorney based on past-due benefits unless such benefits are owed as of the date of the VA's or a court's award. Establishes procedures for the review of the VA's or a court's approval of attorneys' fees. States that in the case of a benefits claim resolved before the VA, either the claimant or the attorney may challenge the award in the Federal district court in which the claimant resides or has his principal place of business within 30 days after notice of the attorneys' award. States that in the case of such a claim resolved in court, either the claimant or the attorney may challenge the award in such court within 30 days after such award. Provides that all parties be given notice. Stipulates that such provisions regarding attorneys' fees shall only apply to claims for benefits under the laws administered by the VA and shall not apply in cases in which the VA is the plaintiff or in which other attorneys' fees statutes are otherwise controlling. Title V: Effective Dates - States that this Act shall become effective 180 days after enactment. Permits review of Board of Veterans' Appeals rendered on or after January 1, 1977, and prior to the effective date of this Act.
United States · United States Congress · 13 December 1979
Amends title XVI (Supplemental Security Income) of the Social Security Act to exclude the income and resources of parents from their child's income and resources, for the purpose of determining the child's eligibility for SSI benefits, if such child: (1) is disabled; (2) regularly requires special care which is primarily or customarily available only in hospitals; (3) spent at least four weeks receiving such care in a hospitals; (3) spent at least four weeks receiving such care in a hospital for which payment was made under the Medicaid program (title XIX of the Act); and (4) has left the hospital, is living at home with his or her parents, and is receiving such care at home as an alternative to further hospitalization, but the parents cannot realistically meet the costs of such care without SSI benefits.
United States · United States Congress · 15 November 1979
Declares that it is the sense of the House of Representatives that the United States should establish and actively pursue a national energy plan that emphasizes and demands the use of domestic coal as a means of displacing current foreign energy imports. Declares that the President should establish a task force to examine modifications in the implementation of the Clean Air Act that could increase coal use without violating national ambient air quality standards. States that the President should submit to Congress within 60 days a plan which will achieve the goals of this resolution.
United States · United States Congress · 13 November 1979
Expresses the sense of Congress that the President should terminate all military training of Iranian personnel pursuant to sales under the Arms Export Control Act.
United States · United States Congress · 9 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Authorizes the Secretary of the Treasury to enter commitments to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; and (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,500,000,000 in funds that are not guaranteed by the Federal Government. Requires a portion of such non-Federal funds to be in the form of commitments and concessions contributed after October 17, 1979, by financial institutions, Chrysler's creditors, shareholders, employees, and management, State and local governments, labor unions, and other entities with an economic stake in Chrysler. Prohibits the amount of outstanding guarantees actually issued by the Secretary from ever proportionately exceeding the amount of such non-Federal funding obtained and not repaid. Permits Chrysler to obtain capital and cash in order to meet the required level of non-Federal funding through a merger, the sale of securities, assets, or other transactions consummated after October 17, 1979. Requires the Secretary, before entering any commitments to guarantee loans, to receive assurances: (1) as to availability and adequacy of all financing contemplated by the financing plan;(2) that existing creditors will continue to waive their rights under prior credit commitments in default unless the Secretary determines that exercise of such rights will not adversely affect Chrysler's operating or financial plan; and (3) that expenditures under the financing plan will contribute to Chrysler's domestic economic viability. Requires Chrysler, before any loan guarantees may be issued, to: (1) offer for sale at least $100,000,000 of its stock issued or held as Treasury stock after October 17, 1979; and (2) secure commitments to purchase stock exceeding those outstanding on October 17, 1979, by at least $100,000,000 from persons with an existing economic stake in Chrysler. Permits Chrysler to apply such commitments and concessions to meet the required level of non-federally guaranteed financing. Stipulates that the Secretary may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Secretary determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Secretary not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Secretary under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Secretary to determine the form of all guarantees issued under this Act. Directs the Secretary to collect, at least once a year, a guarantee fee of at least one-half percent per annum on the outstanding guaranteed loan principal computed daily. Authorizes the Secretary to negotiate appropriate additional terms to compensate the United States for the risk it assumes in issuing loan guarantees. Requires that all guaranteed loans mature no later then December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Secretary's consent. Requires each commitment to contain appropriate protective provisions. Directs the Secretary to require security for the loans guaranteed under this Act, subordination of existing creditors, and that Chrysler pay no dividends on any common or preferred stock. Permits the Secretary to waive such requirements if necessary to enable Chrysler to obtain financing and if, despite such waiver, there is a reasonable prospect of repayment. Directs the Secretary to require a change in Chrysler's management if the Secretary determines that the inability of Chrysler to obtain credit without guarantees is a result of the failure of management to exercise reasonable business prudence. Authorizes the Secretary to inspect the records of Chrysler or any of its affiliates for which an application for a loan guarantee has been submitted. Authorizes the General Accounting Office to conduct a detailed audit of Chrysler and its affiliates. Directs the Office to report the results of such audit to the Secretary and the Congress. Prohibits the outstanding principal amount of loans guaranteed by the Secretary from exceeding $1,500,000,000 at any one time. Directs the Secretary to enforce the rights of the United States as a guarantor under this Act. Entitles the Secretary to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Secretary to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district courts or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Secretary from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Authorizes the Secretary to waive the priority of the United States if necessary to facilitate financing contemplated by the financing plan provided the Secretary determines that, despite such waiver, there is a reasonable prospect of repayment. Stipulates that such a waiver may not subordinate the claims of the United States to any other creditor. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Directs the Secretary to submit an annual report to the Congress on activities conducted pursuant to this Act. Authorizes the appropriation of funds necessary to carry out the provisions of this Act beginning in fiscal year 1979 and remaining available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts.
United States · United States Congress · 5 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Authorizes the Secretary of the Treasury to enter into commitments to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; and (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,500,000,000 in funds not guaranteed by the Federal Government. Requires a portion of such non-Federal funds to be in the form of commitments and concessions contributed after October 17, 1979, by financial institutions, Chrysler's creditors, shareholders, employees, and management, State and local governments, labor unions, and other entities with an economic stake in Chrysler. Prohibits the amount of outstanding guarantees actually issued by the Secretary from ever proportionately exceeding the amount of such non-federal funding obtained and not repaid. Permits Chrysler to obtain capital and cash in order to meet the required level of non-federal funding through a merger, the sale of securities, assets, or other transactions consummated after October 17, 1979. Requires the Secretary to receive assurances as to the availability and adequacy of all financing contemplated by the financing plan before entering any commitments to guarantee loans. Stipulates that the Secretary may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Secretary determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Secretary not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Secretary under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Secretary to determine the form of all guarantees issued under this Act. Directs the Secretary to collect, at least once a year, a guarantee fee of at least one-half percent per annum on the outstanding guaranteed loan principal computed daily. Authorizes the Secretary to negotiate appropriate additional terms to compensate the United States for the risk it assumes in issuing loan guarantees. Requires that all guaranteed loans mature no later than December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Secretary's consent. Requires each commitment to contain appropriate protective provisions. Directs the Secretary to require security for the loans guaranteed under this Act, subordination of existing creditors, and that Chrysler pay no dividends on any common or preferred stock. Permits the Secretary to waive such requirements if necessary to enable Chrysler to obtain financing and if, despite such waiver, there is a reasonable prospect of repayment. Directs the Secretary to require a change in Chrysler's management if the Secretary determines that the inability of Chrysler to obtain credit without guarantees is a result of the failure of management to exercise reasonable business prudence. Authorizes the Secretary to inspect the records of Chrysler or any of its affiliates for which an application for a loan guarantee has been submitted. Authorizes the General Accounting Office to conduct a detailed audit of Chrysler and its affiliates. Directs the Office to report the results of such audit to the Secretary and the Congress. Prohibits the outstanding principal amount of loans guaranteed by the Secretary from exceeding $1,500,000,000 at any one time. Directs the Secretary to enforce the rights of the United States as a guarantor under this Act. Entitles the Secretary to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Secretary to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district courts or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Secretary from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Authorizes the Secretary to waive the priority of the United States if necessary to facilitate financing contemplated by the financing plan provided the Secretary determines that, despite such waiver, there is a reasonable prospect of repayment. Stipulates that such a waiver may not subordinate the claims of the United States to any other creditor. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Directs the Secretary to submit an annual report to the Congress on activities conducted pursuant to this Act. Authorizes the appropriation of funds necessary to carry out the provisions of this Act beginning in fiscal year 1979 and remaining available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts.
United States · United States Congress · 2 November 1979
Ocean Thermal Energy Conversion Research and Development Act - Directs the Secretary of Energy to prepare a comprehensive plan and program of research, development, and demonstration of ocean thermal energy conversion systems. Directs the Secretary to prepare a comprehensive technology application plan designed to realize the goal of producing 10,000 megawatts of electrical capacity or energy product equivalent from ocean thermal energy conversion systems by the year 1999. Sets forth criteria for the selection of programs and the establishment of priorities concerning ocean thermal energy conversion systems. Establishes an Ocean Thermal Energy Conversion Advisory Committee to study and advise the Secretary on the implementation and conduct of the programs established under this Act and on other matters concerning ocean thermal energy conversion. Directs the Secretary to submit to Congress an annual report on the activities undertaken pursuant to this Act. Authorizes appropriations for plant and capital equipment for specified ocean thermal energy conversion demonstration plants.
United States · United States Congress · 26 October 1979
National Energy Conservation Incentives Act - Title I: Amendments to Utility Program - Amends the residential energy conservation title of the National Energy Conservation Policy Act to extend the definition of "residential building" to include: (1) any building used for residential occupancy which contains at least one dwelling unit; and (2) specified commercial buildings. Requires that each utility program under such title contain procedures authorizing utilities to reinspect buildings equipped with conservation measures to determine the extent to which such measures have been installed. Amends the requirements for approval of proposed residential energy conservation plans to require that contractors or suppliers of residential energy conservation measures seeking to be included on the list of approved contractors and suppliers provide one year warranties on materials and installation of such measures and express a willingness to defer receipt of payment for such measures sold or installed until the reinspection described above is completed. Requires that such list indicate such willingness on the part of such contractors and suppliers to allow such deferred payments. Requires that the list of lending institutions offering financial assistance for the purchase and installation of such conservation measures indicate the availability at each such institution of assistance provided under the Energy Conservation Bank Act. Amends the requirements under such title concerning accounting and payment of costs of operating a utility program under such Act. Authorizes public utilities to make loans or capital investment payments to residential building owner customers for the purchase and installation of residential energy conservation measures under specified conditions. Amends the accounting and payment of costs provisions of such title to provide for the financing of such loans and capital investment payments. Stipulates that neither the Attorney General, the Federal Trade Commission, nor any other agency shall be barred from challenging anticompetitive acts or practices related to activities conducted under this Act, nor shall any person be deemed to have immunities or defenses to actions under the antitrust laws as a result of the provisions of this Act. Establishes effective dates for the issuance of regulations implementing the provisions of this Act by the Secretary of Energy, Governors or State regulatory agencies, and nonregulated utilities. Directs the Secretary of Energy to provide assistance to States for the training of residential building inspectors undertaking inspections required by this Act and for the development of approved energy conservation methods and inspections. Authorizes appropriations for fiscal year 1980 through 1982 to carry out this title. Title II: Financial Assistance Provided by the Energy Conservation Bank - Energy Conservation Bank Act - Establishes the Energy Conservation Bank in the Department of Housing and Urban Development to provide financial assistance with respect to loans made to owners of existing commercial and residential buildings for the purchase and installation of energy conserving improvements in such buildings. Authorizes the Bank to provide such assistance in the form of payments to financial institutions and public utilities providing financing pursuant to the National Energy Conservation Policy Act. Sets forth criteria for providing such assistance and terms, conditions, and maximum amounts thereof. Establishes as part of the Bank an Advisory Committee to provide advice to the Board of Directors of the Bank on matters concerning energy conservation assistance. Directs the Bank to promote the program established by this Act and to coordinate its efforts with the Department of Energy. Directs the Board to issue an annual report to the Congress and the President discussing the operations of the Bank identifying problems encountered in the energy conservation industry, the Federal Government, and financial institutions concerning energy conservation, and making recommendations for improvement in the Bank's operations. Authorizes the Secretary of Housing and Urban Development to permit the Bank to use personnel of such Department for the purpose of carrying out this Act. Establishes penalties for fraud and misrepresentation with respect to loans assisted under this Act. Authorizes the use of funds from the Energy Security Trust Fund to provide assistance under this title. Sets forth limitations on the amount of such funds available for each of the fiscal years 1980 through 1983. Title III: Secondary Financing - Requires that the Board direct the Bank to make commitments to purchase, to purchase and to service, sell, and otherwise deal in loans and advances of credit made under this Act and the National Energy Conservation Policy Act to residential building owners for the purchase of energy conserving improvements. Authorizes the Bank to issue obligations to enable the Bank to carry out its functions. Exempts transactions authorized under this Act from State or local usury or loan insurance laws. Repeals specified provisions of the National Housing Act which authorize the Government National Mortgage Association to purchase energy conserving improvement loans. Amends the Federal Home Loan Mortgage Corporation Act to authorize such Corporation to purchase, make commitments to purchase, and to hold, deal with, sell, and otherwise dispose of mortgages or interest therein held by any public utility acting under a utility program pursuant to the National Energy Conservation Policy Act, the original proceeds of which are applied for in order to finance energy conserving improvements. Amends the Federal National Mortgage Association Charter Act to authorize such association to exercise powers similar to those granted to the Federal Home Loan Mortgage Corporation as described above. Title IV: Weatherization Program - Amends the Energy Conservation in Existing Buildings Act of 1976 to limit the amount of any grant made under such Act to be used for administrative purposes. Amends such Act to increase the amount of payment which may be made to pay volunteers and trainees and public employment workers under the Comprehensive Employment and Training Act of 1973 available to work on weatherization projects in the event there are insufficient participants under such program. Requires the coordination of activities related to rehabilitation, weatherization, and code enforcement conducted by local governments including activities undertaken pursuant to the Housing and Community Development Act and related to energy assistance programs for low- income families, including programs under the Economic Opportunity Act of 1964. Amends such Act to repeal the provisions granting priority in the allocation of weatherization assistance funds to community action agencies serving an area eligible for emergency energy conservation assistance under the Economic Opportunity Act of 1964. Directs the Secretary to establish standards and procedures for weatherization programs under such Act in a manner designed to accomplish uniform results among all the States in any particular similar climatic area. Directs the President to appoint an energy conservation coordinator to assure that the Secretaries of Energy, Housing and Urban Development, Agriculture, Health, Education and Welfare, Defense, the Administrator of the General Services Administration, and other heads of agencies responsible for developing energy conservation standards reach a consensus on establishing criteria for issuing such standards. Directs the President to make annual reports to the Congress on the activities relating to coordination of Federal energy conservation programs. Makes technical amendments to the Energy Conservation in Existing Buildings Act of 1976.
![Official portrait of Rep. Moorhead, William S. [D-PA-14]](https://www.congress.gov/img/member/m000930_200.jpg)