United States · United States Congress · 1 March 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 · 18 December 1975
Requires the Secretary of Commerce to use sampling methods in taking agricultural censuses, except that he may substitute another method where he determines that sampling methods would be inappropriate. (Amends 13 U.S.C. 142(a))
United States · United States Congress · 17 December 1975
Approves the compact of permanent union between Puerto Rico and the United States. Accords to Puerto Rico the right of self-government and jurisdiction over the population, territorial seas, and Island of Puerto Rico, as well as jurisdiction over the adjacent population, territorial seas, and islands. Gives the U.S. responsibility for and authority with respect to international relations and defense affecting Puerto Rico. Permits Puerto Rico to enter into specified categories of agreements with other countries consistent with the functions of the U.S. as determined by the President and the Governor of the Free Associated State of Puerto Rico on a case-by-case basis. States that all persons born in Puerto Rico are citizens of the U.S. Makes U.S. currency the exclusive currency of Puerto Rico. Declares that economic, trade, and commercial relations between the two parties shall be conducted within the framework of the common market previously and henceforth established. Lists related rights and responsibilities. Provides that U.S. immigration laws, rules, regulations, and procedures shall be applied to Puerto Rico except as the President and Governor agree to limit or increase the quota of aliens who may be admitted. Directs that Puerto Rico be represented by one elected representative in each House of Congress. Provides that U.S. laws, present and past, be given full effect. Allows, prior to passage of any legislation affecting Puerto Rico, the Governor to submit to Congress objections to its applicability. Exempts Puerto Rico from the provisions of such legislation if the respective Congressional committee or committees by vote express agreement with the objections. Prohibits this procedure if proposed laws directly affect the rights and duties of citizens, security and common defense, foreign affairs, or currency. Allows the U.S. to transfer to Puerto Rico, with its consent, the total or partial performance of Federal functions. Creates a six-member Joint Commission, three members and their successors to be appointed by the President, and three by the Governor. Subjects the Commission to review by the President and the Governor after an initial period of five years, such review to encompass the Commission's membership and continuation. Assigns the Commission to help in the perfection of relations between the U.S. and Puerto Rico, directing it to study: (1) the desirability of retaining, modifying, or eliminating the application of specific Federal laws to Puerto Rico, giving priority to laws pertaining to communications, coastal shipping, and administration of Selective Service; (2) the possible transfer of Federal functions to Puerto Rican agencies; and (3) the desirability of recommending a system of contributory payments from Puerto Rico to the U.S. Treasury, based upon disbursements by the Puerto Rican legislature from the general fund or any other sources subject to its legislative action. Grants concurrent jurisdiction to U.S. and Puerto Rican courts with respect to justifiable questions arising under this Act. Establishes a U.S. District Court for Puerto Rico. Declares that the public policy of the U.S. and Puerto Rico is to make the minimum wage in Puerto Rico equal to that of the U.S. as soon as economic conditions permit. Grants Puerto Rico exclusive jurisdiction over all matters pertaining to minimum wage and working hours, labor-management relations, and occupational health and safety regulation, except as those areas apply to the shipping and aviation industries, where the appropriate Federal law governs. Requires that this compact, to become effective: (1) be approved by the U.S. Congress; (2) be approved by the Puerto Rican electorate in a special referendum; and (3) be proclaimed approved by the electorate, such proclamation to include the effective date as agreed upon by the President and the Governor. (It must become effective within one year of approval). Directs that the provisions of this Act shall not interrupt or impair pending matters before courts or quasi-judicial agencies, and shall not affect franchises, permits, and other grants previously issued. Requires mutual agreement between the two governments for modification of this Act, and with respect to specified provisions concerning fundamental relations, the approval of the Puerto Rican electorate is also required.
United States · United States Congress · 8 December 1975
Declares it to be the sense of the House of Representatives that: (1) the Government of the United States should maintain and protect its sovereign rights and jurisdiction over the canal and zone, and should in no way cede, dilute, forfeit, negotiate, or transfer any of these sovereign rights, power, authority, jurisdiction, territory, or property that are indispensably necessary for the protection and security of the United States and the entire Western Hemisphere; (2) that there be no relinquishment or surrender of any presently vested United States sovereign right, power, or authority or property, tangible or intangible, except by treaty authorized by the Congress and duly ratified by the United States; and (3) that there be no recession to Panama, or other divestiture of any United States-owned property, tangible or intangible, without prior authorization by the Congress (House and Senate), as provided in article IV, section 3, clause 2 of the United States Constitution.
United States · United States Congress · 3 December 1975
Designates the week beginning April 4, 1976, as "National Rural Health Week." Urges that efforts in disseminating health information be intensified. Calls for improved health services for rural America.
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 · 31 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 · 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 · 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 · 8 October 1975
Exempts, under the Internal Revenue Code, aircraft museums, as defined in this Act, from Federal taxes on fuel. Provides for the repayment to such museums by the Secretary of the Treasury of any gasoline taxes paid.
United States · United States Congress · 3 October 1975
Requires the United State Postal Service to provide rent-free postal lock boxes for persons who reside in rural areas who do not receive postal delivery service.
United States · United States Congress · 30 September 1975
Provides under the Social Security Act that an Old-Age, Survivors, and Disability Insurance claimant shall be entitled to an informal conference reconsidering an initial adverse decision concerning such claimant's eligibility for benefits. Prescribes the procedures for such reconsideration hearings. Requires that such a hearing be presided over by an administrative law judge and conducted on the record.
United States · United States Congress · 26 September 1975
Provides that upon adoption of this resolution the House shall immediately resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 7590) to authorize and direct the General Accounting Office to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and Federal Reserve Banks and their branches. Directs that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Banking, Currency and Housing, the bill shall be read for amendment under the five-minute rule. Provides that, at the conclusion of the consideration of the bill for amendment, the committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
United States · United States Congress · 26 September 1975
Expresses the sense of the House of Representatives that all medical assistance legislation provide for optometric services. Urges the States to continue such services whether or not they are included in any primary group of health care offerings.
United States · United States Congress · 17 September 1975
Arts, Humanities, and Cultural Affairs Act - Title I: Arts and Humanities - Authorizes, under the National Foundation on the Arts and Humanities Act, the chairman of the National Endowment for the Arts to make grants to the American Tilan Institute. Authorizes the chairman of the National Endowment for the Humanities to establish a grants-in-aid program for existing and developing State humanities programs in States which meet the standards set forth in such Act. Sets forth the requirements for applications by states for such grants. Sets forth the policy by which funds will be allotted to States under this Act. Establishes the minimum amount which will be allotted at $100,000. Provides for 100 percent funding of State programs in specified cases, and for grants to multi-State groups. Directs the chairman to withhold further grants or require repayment of grants already made when noncompliance by the State agency receiving such grants is discovered. Authorizes, under the National Foundation on the Arts and Humanities Act, the appropriation of $113,500,000 for fiscal year 1977 and 1978 and such sums as may be necessary for fiscal years 1979 and 1980 for programs of the National Endowment for the Arts. Authorizes, under such Act, identical appropriations for programs of the National Endowment for the Humanities. Authorizes, under such Act, the appropriation of up to $25,000,000 per year each to the National Endowment for the Arts, and the National Endowment for the Humanities for each year through fiscal year 1980, for the purpose of matching donations made to each endowment. Title II: Museum Services and Exhibitions - Museum Services Act - Establishes an Institute for the Improvement of Museum Services within the Department of Health, Education, and Welfare. Provides that such Institute shall consist of the Director of the Institute and a National Museum Services Board. States that the Board shall consist of fifteen members appointed by the President by and with the consent of the Senate and eight ex officio members as set forth in this Act. Sets forth the terms of office of the members of the Board. Provides that the Board shall have the responsibility for the general policies with respect to the powers, duties, and authorities vested in the Institute under this Act. States that the Director shall make available to the Board such information and assistance as may be necessary to enable the Board to carry out its functions. Provides that the Director shall be appointed by the President, by and with the advice and consent of the Senate, and shall serve at the pleasure of the President and perform such duties and exercise such powers as the Board may prescribe. States that there shall be a Deputy Director who shall be appointed by the President and serve at his pleasure. States that the Deputy Director shall serve as Director during the absence or disability of the Director, or in the event of a vacancy in the office of Director. Sets forth a list of activities for which the Director, subject to the approval of the Board, is authorized to make grants to museums to increase and improve museum services. Provides that grants under this Act may not exceed 75 percent of the cost of the program for which the grant is made. Gives the Institute the authority to accept in the name of the United States grants, gifts, or bequests of money for immediate disbursement in furtherance of the functions of the Institute. Authorizes to be appropriated $25,000,000 for fiscal year 1975, $30,000,000 for each of the succeeding fiscal years ending prior to October 2, 1978. Authorizes to be appropriated an amount equal to the amount contributed to the Institute under this Act during such time period.
United States · United States Congress · 10 September 1975
Authorizes the construction by the Secretary of the Army, acting through the Chief of Engineers, of the Little Cypress Lake and Reservoir, the Texas element of the long range plan for the Red River.
United States · United States Congress · 8 September 1975
Authorizes the President to issue a proclamation designating Sunday, September 14, 1975, as "National Saint Elizabeth Seton Day" and calling upon the people of the United States to observe that day with appropriate ceremonies.
United States · United States Congress · 3 September 1975
Requires that any rule or regulation proposed by any officer or agency of the executive branch of the Federal Government to implement a law or a program pursuant to a law must be submitted to both Houses of Congress for review. States that such rule or regulation shall become effective 60 legislative days after submission if Congress neither disapproves it by resolution or passes a concurrent resolution specifically approving such rule or regulation. Incorporates the provisions of this Act into the rules of the two Houses of Congress. Establishes procedural rules with respect to the consideration of a resolution disapproving the proposed rule or regulation.
United States · United States Congress · 24 July 1975
Prohibits the transfer to any foreign country of any defense article which has been set aside for future use by a foreign country unless such transfer has been authorized under the Foreign Assistance Act or the Foreign Military Sales Act. Requires such transfers to be charged against funds authorized under such legislation for the fiscal period in which the transfer is made.
United States · United States Congress · 9 July 1975
States that the Secretary of Health, Education, and Welfare may not regulate the potency or combinations of vitamins or minerals in food under the Federal Food, Drug, and Cosmetic Act except under specified provisions of such Act or in the case of children or pregnant or lactating women. Requires prominent disclosure of ingredients which are not vitamins or minerals in foods for special dietary use. Provides that a libel for condemnation of misbranded foods may be instituted against the retailer of such food if he is generally responsible for its advertising.
United States · United States Congress · 26 June 1975
Revises the Consolidated Farm and Rural Development Act and the Housing Act of 1949 by redefining "rural area" to permit towns of twenty-five thousand or less inhabitants to be considered rural areas for purposes of this Act.
United States · United States Congress · 26 June 1975
Declares it to be the policy of the Congress to support research in agriculture and forestry at State agricultural experiment stations, land grant colleges, and other forestry research institutions, through Federal grants to help finance physical facilities as required for the effective conduct of adequate research programs. Authorizes the Secretary of Agriculture to make grants to eligible institutions for purposes of planning, acquisition, construction, repair, rehabilitation, renovation, and remodeling of buildings, laboratories and other capital facilities (including the acquisition of fixtures and equipment which are to become a part of such buildings) which are necessary to more effectively conduct research in agriculture, forestry, and related sciences. Authorizes to be appropriated for allocation to eligible institutions for purposes of making such grants such sums as the Congress deems advisible. Sets forth procedures for allocating funds among eligible institutions.
United States · United States Congress · 25 June 1975
Historic Structures Tax Act - Provides, under the Internal Revenue Code, for the preservation and rehabilitation of historic structures by allowing a tax deduction under the Internal Revenue Code with respect to the amortization of the amortizable basis of any certified historic structure based on a period of 60 months. Specifies that no deduction shall be allowed for any expense or loss incurred as a result of the destruction of a certified historic structure. Limits deductions on structures erected upon a site which was occupied by a certified historic structure which was demolished or substantially altered. Allows the taxpayer to compute the depreciation deduction attributable to substantially rehabilitated property as through the original use of such property commenced with him. Permits deductions for transfer of the remainder or partial interests in property for conservation purposes.
United States · United States Congress · 17 June 1975
Provides that concerted activities on the part of labor organizations or laborers employed in the construction business shall be unfair labor practices within the meaning of the National Labor Relations Act when directed at any of several employers on a construction site only if such acts would otherwise be unfair labor practices within the meaning of the Act. Requires ten days' notice to be given to the Federal Mediation and Conciliation Service of intent to strike a military installation engaged in specified activities.
United States · United States Congress · 11 June 1975
Arts, Humanities, and Cultural Affairs Act - Title I: Arts and Humanities - Authorizes, under the National Foundation on the Arts and Humanities Act, the chairman of the National Endowment for the Arts to make grants to the American Film Institute. Authorizes, under the same Act, the Chairman of the National Endowment for the Humanities to establish a grants-in- aid program for existing and developing humanities programs in States which meet the standards set forth in such Act. Sets forth the requirements for applications by States for such grants. Sets forth the policy by which funds will be allotted to States under this Act. Establishes the minimum amount which will be allotted at $100,000. Provides for 100 percent funding of State programs in specified cases, and for grants to multi-State groups. Directs the chairman to withhold further grants or require repayment of grants already made when noncompliance by the State agency receiving such grants is discovered. Authorizes, under the National Foundation on the Arts and Humanities Act, the appropriation of $113,500,000 for fiscal years 1977 and 1978 and such sums as may be necessary for fiscal years 1979 and 1980 for programs of the National Endowment for the Arts. Authorizes, under such Act, identical appropriations for programs of the National Endowment for the Humanities. Authorizes, under such Act, the appropriation of up to $25,000,000 per year, each to the National Endowment for the Arts, and the National Endowment for the Humanities for each year through fiscal year 1980, for the purpose of matching donations made to each endowment. Title II: Museum Service and Exhibitions - Museum Services Act - Establishes an Institute for the Improvement of Museum Services within the Department of Health, Education, and Welfare. Provides that such Institute shall consist of the Director of the Institute and a National Museum Services Board. States that the Board shall consist of fifteen members appointed by the President by and with the consent of the Senate and eight ex officio members as set forth in this Act. Sets forth the terms of office of the members of the Board. Provides that the Board shall have the responsibility for the general policies with respect to the powers, duties, and authorities vested in the Institute under this Act. States that the Director shall make available to the Board such information and assistance as may be necessary to enable the Board to carry out its functions. Provides that the Director shall be appointed by the President, by and with the advice and consent of the Senate and shall serve at the pleasure of the President and perform such duties and exercise such powers as the Board may prescribe. States that there shall be a Deputy Director who shall be appointed by the President and serve at his pleasure. States that the Deputy Director shall serve as Director during the absence or disability of the Director, or in the event of a vacancy in the office of Director. Sets forth a list of activities for which the Director, subject to the approval of the Board, is authorized to make grants to museums to increase and improve museum services. Provides that grants under this Act may not exceed 75 percent of the cost of the program for which the grant is made. Gives the Institute the authority to accept in the name of the United States grants, gifts, or bequests of money for immediate disbursement in furtherance of the functions of the Institute. Authorizes to be appropriated $25,000,000 for fiscal year 1975, and $30,000,000 for each of the succeeding fiscal years ending prior to October 1978. Authorizes to be appropriated an amount equal to the amount contributed to the Institute under this Act during such time period. Arts and Artifacts Indemnity Act - Authorizes the Federal Council on the Arts and Humanities to indemnify works of art, printed matter, other artifacts and objects and motion pictures or recordings which have educational, cultural, historical or scientific value, and whose exhibition is certified by the Secretary of State as being in the national interest. Sets forth the procedures to be followed in applying to the Council for the indemnification of works as provided by this Act. Pledges the full faith and credit of the United States to pay any amount for which the Council becomes liable under any indemnification agreement. Limits the coverage under this Act to loss or damage in excess of the first $25,000 out of a single incident. Directs the Council to issue regulations providing for prompt adjustment of all claims arising under valid agreements of indeminification, including the arbitration of the dollar value of damage not amounting to total loss. Directs the Council to certify the validity of all claims to the Speaker of the House of Representatives and the President of the Senate. Authorizes to be appropriated such sums as may be necessary: (1) to enable the Council to carry out its functions under this Act; and (2) to pay certified claims. Directs the Council to report annually to Congress: (1) all claims paid during the preceding fiscal year; (2) claims pending as of the close of such period; and (3) the total face value of outstanding contracts at the close of such year.
United States · United States Congress · 5 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 · 4 June 1975
Authorizes and directs the General Accounting Office to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and Federal Reserve banks and their branches. Requires the Comptroller General to annually file a report with Congress on the results of the audit. Directs the Comptroller General to include recommendations for attaining a more economical and efficient administration of the entities audited.
United States · United States Congress · 2 June 1975
Extends for two years the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury under the Federal Reserve Act.
United States · United States Congress · 22 May 1975
Provides under the Housing and Community Development Act that not less than 5 percent of the 80 percent allocated by the Secretary of Housing and Urban Development for Community Development Programs shall be allocated as of fiscal year 1976 to units of general local government.
United States · United States Congress · 22 May 1975
Provides that whoever robs any pharmacy of any narcotic drug shall be fined not more than $5,000 or imprisoned for not more than twenty years or both. Provides that whoever, in commiting or attempting to commit any offense described above, assaults any person, or puts in jeopardy the life of any person by the use of a dangerous weapon or device, shall be fined not more than $10,000 or imprisoned for not more than twenty-five years or both. Provides that whoever, in committing or attempting to commit any such offense, kills any person shall be imprisoned for not less than ten years.
United States · United States Congress · 22 May 1975
Requires under the Social Security Act the continued application of the 8 1/2 percent nursing salary cost differential which is presently allowed in determining the reasonable cost of inpatient nursing care for purposes of reimbursement to providers under the medicare program.
United States · United States Congress · 15 May 1975
Credit Union Financial Institutions Act Amendments - Title I: New Powers and Modernization - Empowers a Federal credit union to make loans and extend credit to members, other credit unions, or financial organizations. Permits credit unions to make loans to members in accordance with the following: (1) loans shall be made in conformity with criteria established by the board of directors and with standards enumerated in this Act; (2) lines of credit shall be established to a stated maximum amount on certain terms and conditions which may be different than those of another borrower; (3) loans to other credit unions shall be approved by the board of directors and not exceed 1 percent of the unimpaired capital and surplus; and (4) participation loans shall be in accordance with written policies of the board of directors. Empowers the credit union to invest funds: (1) in securities or obligations guaranteed by the United States or any agency or instrumentality thereof; (2) in obligations of any State, or the several territories and possessions or any political subdivision thereof; and (3) in the shares or obligations of any other organization which advances the development of credit unions. Empowers credit unions to place their funds: (1) in share accounts or deposits of savings which are insured by an agency of the Federal Government, or by any federally or State insured credit union; and (2) in demand or time deposits of banks whose accounts are insured by the Federal Deposit Insurance Corporation. Empowers such credit union to sell all or part of its assets to another credit union, or to purchase assets from another such credit union, and to permit members to transfer money to and from the member's account pursuant to regulations of the Board. Declares that Federal credit union membership shall consist of the incorporators, and such other persons and organizations as may be elected. Stipulates that a Federal credit union shall be managed by a board of directors, a supervisory committee, and a credit committee. Requires the board of directors to annually elect from their number an executive officer, one or more vice presidents, a treasurer, and a secretary. States that the board of directors shall meet at least once a month and shall have general control of the direction of the Federal credit union. Enumerates the general functions and duties of the board of directors. Permits the board of directors to elect a credit committee. Makes it the duty of the committee to hold such meetings as are necessary to consider applications for loans or lines of credit. Requires each Federal credit union to maintain reserves against its demand deposits in the Central Liquidity Facility and in currency and coin in such other form as the Board of Governors of the Federal Reserve System may provide. Authorizes the board to declare a dividend after provision for required reserves has been made. Authorizes issuance of shares in joint tenancy with persons designated by the credit union member. Authorizes shares to be issued in the name of a minor or in trust. Repeals provisions of the Federal Credit Union Act pertaining to: (1) District of Columbia credit unions; (2) approval of certificates; and (3) conditions upon conversion to Federal status. Title II: Restructuring the National Credit Union Administration - Establishes in the executive branch of the Government an independent agency to be known as the National Credit Union Administration. Places the Administration under the management of a National Credit Union Administration Board and provides for a National Credit Union Administration Advisory Board. States that the Board shall have three members having credit union experience appointed by the President with the advice and consent of the Senate. Directs the Chairperson of the Board to be the spokesperson of the Board and to represent the Board and the National Credit Union Administration in its relations with other branches of the Government. Requires that an Advisory Board be elected to advise and make recommendations on policy matters to the Board. Permits any aggrieved party to seek to enjoin or obtain other appropriate remedy when a charter revocation or suspension or an involuntary liquidation is ordered by the Board. Limits the powers of the Administration to the exercise of all powers specifically granted by the provisions of the Federal Credit Union Act and such incidental powers as shall be necessary to carry out the power so granted. Title III: Share Insurance - Includes credit unions organized and operated according to the laws of the trust territories in the Federal credit unions whose member accounts are insured by the Administrator. Title IV: Central Liquidity Facility - Establishes the National Credit Union Central Liquidity Facility to: (1) provide funds to meet the liquidity needs of credit unions; (2) provide for an orderly transfer of funds; and (3) assist credit unions to improve their general welfare and the financial and general welfare of their members and member's family. Vests management of the Facility in the National Credit Union Administration Board. Authorizes the Secretary of the Treasury to advance $500,000 to be utilized by the Facility for initial organization and operating expenses. Declares the initial capitalization of the Facility shall be by stock subscription consisting of shares having a par value of $50 each. Enumerates the general powers of the Board in administering the Central Liquidity Facility. Entitles any member of the Facility to apply in a form prescribed by regulations for advances. Authorizes the Board to deny or grant any application upon such terms as it may prescribe by regulations. Authorizes the Secretary of the Treasury to purchase any obligation issued by the Board in the event of insufficient funds in the Facility to meet the obligations arising under this Act. Directs the Board to prepare and submit to the President and to the Congress annually a full report on the activities of the Facility for the previous year. Exempts the Facility from all taxation imposed by the United States or by any State.
United States · United States Congress · 5 May 1975
Credit Uses Reporting Act - Establishes a program of reporting on uses of commercial bank credit and on the accommodation of national priority uses of credit. Enumerates national priority uses for purposes of this Act. Directs the Board of Governors of the Federal Reserve System to administer such program.
United States · United States Congress · 30 April 1975
Defense Production Act Amendments - Extends the termination date of the Defense Production Act to June 30, 1977. Declares that no section of the Act shall be deemed to convey to any person any immunity from civil or criminal liability, or to create defenses to actions under the antitrust laws except as specifically provided. Authorizes the President to enter into voluntary agreements with representatives of industry, business financing, agriculture, labor and other interests to insure productive capacity in the event of an attack on the United States. Permits the President to provide for the establishment of such advisory committees as he determines are necessary. Directs the Attorney General and the Federal Trade Commission to jointly promulgate standards and procedures by which such industry representatives may develop and implement voluntary agreements and programs to carry out the objectives of the Act. Permits the Federal Trade Commission to exempt types or classes of meetings, conferences, or communications from the requirements of keeping a full verbatim transcript. Directs the Attorney General and the Federal Trade Commission to participate from the beginning in the development, implementation, and carrying out of voluntary agreements and programs as authorized by this Act. Requires the Federal Trade Commission and the Attorney General to monitor the carryout of such voluntary programs, and to promulgate joint resolutions concerning the maintenance of necessary and appropriate documents, minutes, transcripts, and other records. Permits the Attorney General and the Federal Trade Commission to prescribe such rules and regulations as may be necessary to carry out the provisions of this Act. Directs the Attorney General to request the Federal Trade Commission to make surveys for the purpose of determining any factors which may tend to eliminate competition, create or strengthen monopolies, injure small business or otherwise promote undue concentration of economic power during the implementation of this Act.
United States · United States Congress · 21 April 1975
Directs the Comptroller General to audit annually the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and branches. Requires the Comptroller General to report to the Congress within six months after the end of each fiscal year on the results of the audit. States that such report shall specifically indicate any program, financial transaction, or undertaking observed in the course of the audit which in the opinion of the Comptroller General has been carried out without legal authority.
United States · United States Congress · 21 April 1975
Increases the value of exemptions for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 16 April 1975
Declares that no provision of any law of the United States authorizes the Federal Home Loan Bank Board to permit lending institutions to offer loans secured by improved real estate with variable interest rates. Provides that the Board may not do so until Congress by law authorizes such variable interest rates.
United States · United States Congress · 8 April 1975
Creates a select committee in the House of Representatives with authority to conduct a full and complete investigation of the problem of United States servicemen missing in action or known to be dead whose bodies have not been recovered, as a result of military operations in North Vietnam, South Vietnam, Laos and Cambodia. Provides that such investigation shall include an examination of the need for additional international inspection teams to determine whether there are servicemen still held as prisoner of war. Authorizes the Committee to hold hearings, issue subpenas, and maintain a staff as necessary to carry out its responsibilities under this resolution. Directs the committee to report to the House the results of its investigation no later than one year after adoption of this resolution. Provides that the committee's authority shall expire 30 days after the filing of such report. Directs that the expenses of the select committee shall be paid from the contingent fund of the House of Representatives upon vouchers signed by the Chairman.
United States · United States Congress · 26 March 1975
Directs the Comptroller General to audit annually the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and branches. Requires the Comptroller General to report to the Congress within six months after the end of each fiscal year on the results of the audit. States that such report shall specifically indicate any program, financial transaction, or undertaking observed in the course of the audit which in the opinion of the Comptroller General has been carried out without legal authority.
United States · United States Congress · 26 March 1975
Prohibits any lender from making a federally related mortgage loan which has an adjustable interest rate or an adjustable period of repayment. Imposes penalties for violations of the provisions of this Act. Defines "Federally related mortgage loan" to include any loan which: (1) is secured by residential real property; (2) is made by a lender the deposits of which are insured or regulated by an agency of the Federal Government; (3) is made in connection with a housing or urban development program; (4) is eligible for purchase by governmental financial agencies; or (5) is made by a creditor who makes or invests in real estate loans aggregating more than $1,000,000 per year.
United States · United States Congress · 21 March 1975
Provides, under the Social Security Act, that any State with a statewide Professional Standards Review Organization shall be established as one area for which a Professional Standards Review Organization may be designated, if such State requests.
United States · United States Congress · 21 March 1975
Provides, under the Omnibus Crime Control and Safe Streets Act, that specific grants under such Act shall not be made to any State, unit of general local government, or public agency, unless there is in effect a law enforcement officer's bill of rights. States that such bill of rights must substantially provide as a minimum the rights enumerated in this Act, including: (1) the right of a law enforcement officer to engage in political activity during off-duty hours or to refrain from such activity; and (2) observance of specified standards with respect to the investigation of a law enforcement officer who is under investigation for alleged malfeasance, misfeasance, or nonfeasance of official duty, with a view to possible disciplinary action, demotion, dismissal, or criminal charges. States that such standards shall include: (1) informing the law enforcement officer of the nature of the investigation, the names of any complainants, and the identity and authority of the person conducting such investigation; (2) full recordation of the investigation; and (3) allowing the law enforcement officer to have his counsel present at any interrogation in connection with the investigation. Grants a law enforcement officer the right to recover pecuniary and other damages from persons violating any of the rights established under the bill of rights. Provides that no law enforcement officer shall be required to disclose, for the purposes of promotion or assignment, any item of his property, income, assets, debts, or expenditures. Establishes a Law Enforcement Officers' Grievance Commission composed of representatives of the general public, law enforcement agencies, and other public agencies. Gives the Commission the authority to receive, investigate, and determine grievances of any law enforcement officer, and to require testimony under oath and the production of documents. Defines terms used in this Act.
United States · United States Congress · 20 March 1975
Taxpayer Audit Disclosure Act - Requires the establishment of formal procedures and criteria for the selection of individual income tax returns for audit. Directs the Secretary of the Treasury or his delegate to provide any individual selected for auditing with a written notice which clearly specifies the reasons for and manner in which the return of such individual was selected for audit. Provides that the Secretary or his delegate shall furnish to such individual a written explanation which describes the audit procedure, the rights which a taxpayer may exercise during such procedure, the right of the taxpayer to make an administrative or judicial appeal from an adverse decision at the end of such procedure, and the right of the taxpayer to claim a refund. Requires the Secretary of the Treasury or his delegate to submit to the Joint Committee on Internal Revenue Taxation before September 30 of each year a report setting forth: (1) the number of individuals whose returns were selected for audit during the previous 12-month period; (2) a classification of individuals whose returns were audited during the previous 12-month period by, among other factors, income levels, geographic distribution, and profession; (3) the number of individuals audited during the previous 12-month period who were found to have made underpayments or overpayments of tax, together with summary statistics reflecting the percentage of such number, by income category, who made underpayments or overpayments of certain ranges of amounts (to be determined by the Secretary or his delegate); and (4) such other information as may be requested by the joint committee in accordance with the purposes of this Act.
United States · United States Congress · 19 March 1975
Authorizes the Secretary of the Interior to establish national petroleum reserves on any reserved or unreserved public lands of the United States except lands in the National Park System, the National Wildlife Refuge System, the Wild and Scenic Rivers System, the National Wilderness Preservation System, areas now under review for inclusion in the Wilderness System in accordance with provisions of the Wilderness Act of 1964, and lands in Alaska other than those in Naval Petroleum Reserve Numbered 4. States that no national petroleum reserve that includes all or part of an existing naval petroleum reserve shall be established without prior consultation with the Secretary of Defense. Authorizes the development of the oil and gas in the national petroleum reserves in the contiguous 48 States established pursuant to this Act. Requires competitive bidding procedures with prior public notice for any contract, lease, or operating agreement for development and production of oil and gas from a national petroleum reserve. States that the terms and conditions for such development, which shall be prescribed by the Secretary of the Interior, shall be subject to disapproval by Congress. Provides that any oil or gas produced from such petroleum reserves shall, with exceptions, be subject to all the limitations and licensing requirements of the Export Administration Act. Authorizes and directs the Secretary of the Interior to explore for oil and gas on Naval Petroleum Reserve Numbered 4 and to report annually to Congress on his plan for exploration of such reserve.
United States · United States Congress · 18 March 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 such 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, 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. States that such research or training may be extended to a period not to exceed five years with the concurrance of at least two-thirds of the members of the board. 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 Library of Congress, an annual report of its operations under this Act. Authorizes such sums as may be necessary to carry out this Act.
United States · United States Congress · 17 March 1975
Provides hospital and medical care to members of the armed forces of Poland or Czechoslovakia who participated in armed conflict with an enemy of the United States during World War I or World War II, and who have been citizens of the United States for not less than 10 years. Provides that such hospital and medical care shall be available to the same extent as if such service had been performed in the Armed Forces of the United States.
United States · United States Congress · 13 March 1975
Directs the Comptroller General to audit annually the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and branches. Requires the Comptroller General to report to the Congress within six months after the end of each fiscal year on the results of the audit. States that such report shall specifically indicate any program, financial transaction, or undertaking observed in the course of the audit which in the opinion of the Comptroller General has been carried out without legal authority.
United States · United States Congress · 12 March 1975
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.
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