United States · United States Congress · 10 March 1975
Exempts the first sale of the share of a State or local government or a subdivision thereof in crude oil produced in the United States from the mineral or leasehold estate of any State or local government or subdivision-owned lands for purposes of the Emergency Petroleum Allocation Act of 1973.
United States · United States Congress · 5 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 · 5 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 · 5 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 · 5 March 1975
Beef Research and Consumer Information Act - Declares that it is the purpose of this Act to enable cattle producers to establish, finance, and carry out a coordinated program to improve markets for cattle, beef and beef products, and to provide an adequate supply of high quality beef to the consumers of the Nation at reasonable prices. Authorizes the Secretary of Agriculture to issue beef research and promotion orders. Provides that such orders shall be issued only after due notice and opportunity for hearing shall have been given to producers and producer organizations, and after the Secretary shall have determined that the issuance of such an order will effectuate the declared policy of this Act. Declares that such order shall not take effect until approved by a majority of two-thirds of the cattle producers voting in a referendum. Establishes a Beef Board to administer the Order in accordance with its terms and provisions, to make rules and regulations to effectuate the terms and provisions of the Order, to receive, investigate and report complaints of violations of the Order, and to recommend to the Secretary amendments to the Order. Lists the procedures for appointing members of such board. Requires that any plans for advertising, sales promotion, consumer education, producer education, research, and the annual budget be developed by the Beef Board and submitted to the Secretary of Agriculture for approval. Empowers the Beef Board to enter into contracts or agreements for the development and carrying out of the activities authorized under the Order. Declares that producers of cattle shall be assessed at a specific rate to be determined by stated procedures. Provides that each time cattle are sold, the cattle producer shall pay to the purchaser the amount assessed, based upon the sale price of the cattle. Provides that any cattle producer against whose cattle or beef any assessment is made and collected shall have the right to demand and receive from the Beef Board a refund of such assessment. Declares that nothing in this Act shall be construed to preempt or interfere with the workings of any beef board, beef council, or other beef promotion entity organized and operating within and by authority of any of the several states. Provides for the return to members of such beef board or council of an amount to be determined by a specified formula. Stipulates that to qualify for the funds described in this provision, such state beef board, beef council or other beef promotional entity shall demonstrate ability to provide research, promotion and education within the state consistent with this Act and Order. States that each purchaser, handler or agent may be required to report to the Beef Board periodically concerning number of cattle handled, amount assessed, sale price of cattle on which assessment was collected, and other information necessary for the enforcement of this Act. Declares that this Act and any order issued pursuant to it may be enforced in the District Courts of the U.S., with the U.S. Attorney General having authority to bring any Civil suits authorized under this Act. Provides for a fine of not more than $1,000 for violation, of this Act and any orders issued pursuant to it. Stipulates that no funds collected by the Beef Baord shall in any manner be used for the purpose of influencing governmental policy or action. Authorizes to be appropriated such funds as are necessary to carry out the provisions of this Act. Stipulates that funds so appropriated shall not be available for payment of the expenses or expenditures of the Beef Board in administering any provisions of any order issued pursuant to the terms of this Act.
United States · United States Congress · 5 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 · 27 February 1975
Vocational Education Amendments - Authorizes the appropriation of $1,000,000,000 for fiscal year 1976 and each suceeding fiscal year for basic grants under the Vocational Education Act of 1963. Authorizes the appropriation of $100,000,000 for each fiscal year through fiscal year 1982 for special programs for the disadvantaged under such Act. Extends for seven years in the case of each such program the present authorizations under such Act for the exemplary programs and projects, for residential vocational education demonstration schools, for cooperative vocational education programs, for work-study programs, and for curriculum development in vocational and technical education.
United States · United States Congress · 27 February 1975
Postsecondary Vocational Education Act - Establishes a division of funds between secondary vocational and postsecondary occupational education in allotments to States under the Vocational Education Act of 1963. Provides that funds granted to States for occupational education may be used for: (1) strengthening State Advisory Councils on Vocational Education in order that they may effectively carry out the additional functions imposed by this Act; and (2) enabling the States to initiate and conduct a program of planning, including the development of a long-range strategy for placing occupational education on an equal footing with traditional academic education. Directs the Commissioner of Education to make grants to the States for specific projects relating to the design, establishment, and conduct of post secondary occupational education programs. Directs any State desiring to receive the amount of its occupational education allotment for a fiscal year to submit a State plan for occupational education at such time, in such detail, and containing such information as the Commissioner of Education may prescribe. Sets forth criteria to be met for approval of State plans by the Commissioner. Provides that the Commission shall pay, from the State's occupational education allotment for a fiscal year, an amount equal to 50 percent of the total expenditures made in carrying out the State's approved plan. Directs each State to establish a local coordinating committee for each locality in the State. Provides that each local coordinating committee shall make a continuing study of the needs in its locality for vocational education, occupational education, and manpower training programs. States that on the basis of the information derived from such study, the local coordinating committee shall develop and propose a strategy which will present a coherent, integrated, and comprehensive set of vocational education, occupational education, and manpower training programs designed to meet such needs. Stipulates that aggregate expenditures for administration may not exceed 5 percent and guidance, counseling, and technical assistance may not exceed 15 percent of the State's vocational education allotment for that year. Provides for the consolidation, under the Vocational Education Act, of programs for research and training, exemplary programs, and project and curriculum development. Sets forth provisions governing how appropriated sums shall be divided by the Commissioner among specific projects. Authorizes appropriations of $135,000,000 for fiscal year 1976 and for each of the four succeeding fiscal years for the improvement of vocational and occupational education programs pursuant to this Act.
United States · United States Congress · 26 February 1975
Requires, under the Federal Meat Inspection Act, that imported meat and meat food products made in whole or in part of imported meat be labeled "imported" at each stage of distribution until delivery to the ultimate consumer.
United States · United States Congress · 26 February 1975
Modifies the definition of "small business concerns" under the Small Business Act to include agribusinesses, as defined by the Administrator of the Small Business Administration.
United States · United States Congress · 25 February 1975
Declares ineligible for purposes of federally assisted student loans, under the Higher Education Act of 1965, any institution of higher education or vocational school which does not have a policy of refunding an appropriate portion of tuition and fees to a student who withdraws from a course of study during the academic year. Requires educational institutions to disclose such policies to their students before the payment of fees. Directs the Commissioner of Education to prescribe regulations for determining the appropriate portion of fees to be refunded and for determining whether institutions have complied with the provisions of this Act.
United States · United States Congress · 19 February 1975
Public Disclosure of Lobbying Act-Defines "lobbying" and other terms used in this Act. Requires each lobbyist, within 15 days of becoming a lobbyist, to file a notice of representation with the Federal Edection Commission. Sets forth minimum elements to be contained in such notice. Enumerates those persons required to maintain records of lobbying activities. Sets forth the required form and content of reports to be made to the commission containing such records. Requires GS-15 and above employees of the executive branch to maintain records of communucations received from outside parties expressing opinions or containing information with respect to the policy making process. Directs each executive agency to make such records available for public inspection. Enumerates the powers of the Commission, including the powers: (1) to require any person to submit in writing such reports and answers to question as the Commission may prescribe: and (2) to initiate, prosecute, defend, or appeal any civil or criminal action in the name of the Commission for the purpose of enforcing the provisions of this Act through its General Counsel. Provides that it shall be the duty of the Commission to perform specified tasks, including; (1) to develop and furnish to lobbyists forms required to be filed under this Act: (2) to develop forms for the filing of records of outside contacts by executive branch employees; and (3) to prepare a manual setting forth recommended uniform methods of bookkeeping and reporting, filing coding, and cross-indexing. Sets forth criminal penalties for violation of this Act.
United States · United States Congress · 18 February 1975
Provides that the Federal Reserve Board shall conduct monetary policy in the first half of 1975 so as to lower long-term interest rates with the goal of reducing unemployment.
United States · United States Congress · 18 February 1975
Credit Allocation Act - Directs the President to allocate credit away from inflationary uses and towards national priority uses. Lists national priorty uses including: (1) essential and productive capital investment; (2) normal operations of established business customers in order to overcome lack of adequate working capital; and (3) low- and middle-income housing. Directs the President to transmit a report to the Congress to include a detailed listing of categories which he has determined constitute inflationary uses of credit and a listing of categories, in addition to those listed above, which he has determined constitute national priority uses. Allows the President to add to or subtract from the listed categories by notifying both Houses of Congress. Provides that either House of Congress may adopt a resolution disapproving such action within a sixty-day period of continuous session of Congress commencing on the date of notifications. Allows the President in administering this Act to delegate his powers to the Federal Reserve Board or to any other appropriate Federal agency. Provides that the Federal Reserve Board may assist in credit allocation through the composition and maturities of the securities bought and sold by, or contained in the portfolio of, the Federal Market Committee. Empowers the Federal Reserve Board to require from any bank, the deposits or accounts of which are insured by the Federal Deposit Insurance Corporation, a supplemental reserve consisting of percentages, determined by the Board, of such bank's total loans and investments falling into other than the national priority category. Authorizes the Federal Reserve Board to allow a credit against such supplemental reserve of percentages, determined by the Board, of such bank's total loans and investments falling into the noninflationary category.
United States · United States Congress · 13 February 1975
Smaller Communities Act - Expresses the findings of Congress and declares the purposes of this Act, including to establish the Small Community Administration in order to: (1) develop a national program to coordinate and improve the Federal assistance available to smaller communities; and (2) encourage the development of smaller communities through the coordination of certain Federal loan grant assistance programs. Establishes, as an independent agency in the executive branch, the Smaller Communities Administration, to be headed by an Administrator. Directs the Administration to: (1) to provide technical assistance to smaller communities; (2) coordinate with the Small Business Administration, Farmers Home Administration, Department of Transportation, Departments of Housing and Urban Development, Interior, Health, Education, and Welfare, and Commerce, the Environmental Protection Agency, and other Federal agencies to formulate Federal policy with respect to smaller communities; (3) represent the interests of smaller communities in the allocation of resources and scarce materials; (4) represent the interests of smaller communities in the location and construction of buildings by the Federal Government; (5) represent the interests of smaller communities before each Federal organization that affects the welfare of small communities; (6) conduct studies in specified areas; and (7) assist business firms and nonprofit institutions located in smaller communities in the awarding of Federal contracts. Establishes the Office of the Smaller Community Ombudsman, directing that the Ombudsman shall: (1) develop an information system to supply officials of smaller communities with information on Federal grant and loan assistance programs designed to aid small communities; and (2) coordinate Federal agencies administering such programs. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 6 February 1975
Requires the payment of interest on Treasury Department funds held on deposit in commercial banks. Provides for reimbursement of commercial banks for services performed for the United States.
United States · United States Congress · 6 February 1975
Federal Conflict of Interest Act - Declares the purpose of the Act to be: (1) to circumscribe the Government activities of persons whose prior employment was with a regulated group; (2) to permit judicial enforcement by private persons of the provisions of this Act; and (3) to establish an independent mechanism for the purpose of monitoring the enforcement of existing conflict of interest statutes. Provides that no officer or employee in the executive branch of the Federal Government, whose rate of pay is equal to or greater than the rate established for level GS-16 in the General Schedule or who occupies a professional or technical position with duties of a nature that the employee could cause an economic advantage for or handicap against a special interest in the discharge of his official duties and responsibilities or who occupies a management, administrative, or investigative position, in either regulatory or management echelons, where his actions are likely to have a significant impact on special interest enterprises, shall: (1) participate in any Federal regulatory action or policy decision which involves any special interest in which such officer or employee had a substantial economic involvement any time during a period of two years prior to the commencement of the term of office or employment of such officer or employee; or (2) participate in any Federal regulatory action or policy decision involving any subject matter concerning which such officer or employee has been involved or participated personally for or represented a special interest any time during a period of ten years prior to the commencement of the term of office or employment of such officer or employee. Requires any such individual, within thirty days of the commencement of any Federal office or employment, to submit to the head of the agency or entity in connection with which such office or employment is held a detailed statement of such officer's or employee's former substantial economic involvement with any special interests. Requires such statement to include the dates and a comprehensive description of such substantial economic involvement, including all work done for such special interest in connection with the Federal Government. Makes it the duty of every officer and employee of the United States having the authority to do so to dismiss any other officer or employee who takes or holds office or employment in violation of this Act, and any person may by action in the nature of mandamus compel any office or employee of the United States to execute the duty imposed by this Act.
United States · United States Congress · 5 February 1975
National Aquaculture Development Act - States that it is the purpose of this Act to provide for a national program for aquaculture development in order to increase sources of marine protein for the consumer; to increase the availability and quality level of consumer fishery products; to develop new resources; to improve or maintain recreational fisheries; and to initiate new business, industry, and employment. Requires the Secretary of Commerce, in consultation with interested Federal agencies and other public and private organizations and with the concurrence of the Secretary of the Interior, to establish national objectives for aquaculture development. Requires the Secretary to act as the interagency coordinator for all Federal programs and activities in aquaculture. Sets forth activities regarding aquaculture development which the Secretary may, as he deems appropriate, carry out pursuant to this Act, including: (1) construction, operation, and maintenance of hatcheries or similar facilities and undertaking of natural habitat improvement activities; (2) assistance to public and private organizations and individuals interested or engaged in aquaculture through advisory and other services; (3) consultation and cooperation with Federal, State, and local governments, regional commissions, institutions of higher learning, and private industry; and (4) performance of basic and applied research to establish a sound information base for the development of aquaculture. Provides that the Secretary, in consultation with affected States, shall locate, construct, operate, and maintain such pilot aquaculture facilities as he deems appropriate in order to develop aquaculture technology relative to particular species of fish and shellfish. Authorizes the Secretary to carry out such functions and duties authorized by this Act as he deems appropriate through grants to or contracts with the States, regional commissions, local governments, institutions of higher learning, private industry, and other public and private organizations. Authorizes an appropriation for each fiscal year beginning with fiscal year 1975, equal to 30 percent of the gross receipts from duties collected under the customs laws on fishery products during the period January 1 to December 31, both inclusive, preceding the beginning of each such fiscal year. Authorizes the Secretary to carry out such other research as he deems appropriate in order to perform his functions and duties under this Act. Provides that the authority contained in this Act shall expire at the end of the fiscal year during which occurs the fifth anniversary of the date of enactment.
United States · United States Congress · 31 January 1975
Emergency Homeowners' Relief Act - Declares that the purpose of this Act is to prevent widespread mortgage defaults and the distress-sale of homes as a result of adverse economic conditions. Authorizes and directs the Secretary of Housing and Urban Development to make repayable emergency mortgage relief payments on behalf of distressed homeowners when he determines that such action is necessary and that there is a reasonable prospect that the homeowner will be able to make necessary adjustments for the full resumption of mortgage payments. Defines "distressed homeower" as one or more persons who own and occupy a dwelling as a principal residence and whose income has declined by more than 20 percent as the result of unemployment or other adverse economic conditions. Limits relief payments to a period not exceeding two years. Provides that payments be repaid on such terms as the Secretary prescribes. Empowers the Secretary to delegate any of his functions under this Act to other Federal agencies or private entities. Authorizes the Secretary to establish a revolving fund for mortgage relief payments and other specified purposes, including payment of obligations issued to the Secretary of the Treasury to enable the Secretary of Housing and Urban Development to carry out his functions under this Act. Provides for a payment expiration date of July 1, 1976.
United States · United States Congress · 30 January 1975
Requires the Secretary of Agriculture to provide feed grain to the owners of beef cattle which are maintained for commercial purposes whenever the price of feeder and slaughter calves is below 90 percent of the parity price. Declares that the price at which feed grain is to be offered to such owners is the price at which these owners could purchase feed other than under this Act minus that percentage of the full parity price not being paid producers of feeder and slaughter calves. Makes it unlawful for any person to dispose of any feed grain obtained under this Act except in the manner specified in this Act. Stipulates that the authority of the Secretary to make feed grain available under this Act shall terminate one year after the date of the enactment of this Act.
United States · United States Congress · 30 January 1975
Requires the Secretary of Agriculture to provide feed grain to the owners of dairy cattle which are maintained for commercial purposes whenever the price of milk is below 90 percent of the parity price. Declares that the price at which feed grain is to be offered to such owners is the price at which these owners could purchase feed other than under this Act minus that percentage of the full parity price not being paid producers of milk. Makes it unlawful for any person to dispose of any feed grain obtained under this Act except in the manner specified in this Act. Stipulates that the authority of the Secretary to make feed grain available under this Act shall terminate one year after the date of the enactment of this Act.
United States · United States Congress · 30 January 1975
Authorizes the President to designate February 9 to 15, 1975, as "National Vocational Education and National Vocational Industrial Clubs of America (VICA) Week".
United States · United States Congress · 28 January 1975
Prohibits the Administrator of the Environmental Protection Agency from requiring, under the Clean Air Act, an indirect source emission review as a part of any applicable implementation plan. States that any rules or regulations with respect to the requirement of such review as a part of any such plan previously promulgated by the Administrator shall be void on the date of the enactment of this Act.
United States · United States Congress · 23 January 1975
National Development Act - Expresses the findings of Congress and the purpose of this Act. Creates a body corporate to be known as the National Development Bank, which shall be an instrumentality of the United States Government having succession until dissolved by Act of Congress, and which will make and guarantee long-term loans at reasonable interest rates: (1) to State and local governments for public works and facilities; (2) to individuals and corporations to establish new businesses and industries and to expand or otherwise improve existing businesses and industries; and (3) to public agencies and private nonprofit and limited dividend corporations for the construction of low- and moderate-income housing. Defines the terms used and sets forth the rules of construction for purposes of this Act. Vests the management of the Bank in a Board of Directors consisting of the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Housing and Urban Development, the Secretary of Agriculture, the Secretary of Labor, and ten other persons who shall be appointed by the President with the advice and consent of the Senate. Provides for the appointment of the President of the Bank and other officers by the Board. States that the Bank shall have capital stock of $1,000,000,000 subscribed to by the United States. Empowers the Bank to issue notes, debentures, bonds, and other evidences of indebtedness in such amounts and on such terms and conditions as its Board of Directors may determine subject to the limitations prescribed in this Act. Provides that the Bank may make or guarantee loans to provide funds for: (1) the purchase of real and personal property and for working capital necessary for the location of new business and industry or the improvement of existing business and industry in depressed urban and rural areas; (2) financing capital expenditures for public works and community facilities; and (3) making loans to appropriate public agencies, nonprofit cooperatives and corporations, developers, and other persons to provide construction loans for low-and moderate-income housing loan programs of the Department of Housing and Urban Development, the Veterans' Administration, and the Farmers Home Administration of the Department of Agriculture. Authorizes to be appropriated, without fiscal year limitation, the sum of $1,000,000,000, to the Secretary of the Treasury to finance the purchase of Bank stock. Authorizes to be appropriated, without fiscal year limitation, such sums as may be necessary to pay the difference, if any, between the interest paid by the Bank on its obligations and interest received by the Bank on its loans, and to reimburse the capital of the Bank to the extent of any defaults, and such additional sums as may be necessary to establish and operate the Bank and otherwise carry out the purposes of this Act.
United States · United States Congress · 20 January 1975
Expresses the sense of the Congress that the President should not impose any tariff or other import restriction on petroleum or petroleum products before April 1, 1975, so as to give the Congress a reasonable period of time in which to act legislatively on such matter if it determines such action is necessary.
United States · United States Congress · 15 January 1975
Provides for the printing of a revised edition of the House document, "Our American Government. What Is It? How Does It Function?". Provides that 565,000 additional copies be printed for the use of the House of Representatives, Senate, and Joint Committee on Printing.
United States · United States Congress · 14 January 1975
Prohibits the importation into the United States of any fresh, chilled, frozen, or canned cattle meat for a six-month period. Allows the importation of cattle meat thereafter only if the President takes appropriate action to limit the quantity and if the Secretary of Agriculture certifies that such foreign meat equals or exceeds all United States health and sanitary requirements.
United States · United States Congress · 14 January 1975
Prohibits the importation of dairy products into the United States for 12 months, unless and until the market price of milk reaches 100 per cent of parity, and then only if the Secretary of Agriculture certifies that such products equal or exceed United States health and sanitary standards.
United States · United States Congress · 14 January 1975
Emergency Dairy, Livestock, and Poultry Act - Title I: Definitions - Defines the term "farm family unit" for purposes of entitlement to benefits under this Act. Defines the term "gross annual sales" as meaning the combined gross cash receipts first received for dairy, livestock, and poultry produced by a farm family unit as limited and defined in this Act, in any calendar year or for such other approved twelve-month accounting period. Defines the terms "cost-of-production payments," "carryback option," and "carryforward option". Title II: Cost-of-Production Payments - Provides that any farm family unit that markets milk, milk products, red meat, and poultry for human consumption shall receive cost-of-production payments directly from the Government not less often than semiannually. Sets forth the formula for determining such payment. Provides that any farm family unit may exercise the option of carrying forward sales of milk, milk products, red meat, and poultry for human consumption against the limits of gross annual sales for any next succeeding thirty-six-month period. Sets forth limitations to carry forward such sales. Title III: Adjustment Provisions Authorized - Directs the Secretary of the United States Department of Agriculture to issue such regulations as shall be deemed essential and necessary to administer all titles of this emergency Act for the full calendar years of 1975 and 1976 as may be required in a fair, just, objective, and orderly manner as to protect, preserve, and project an essential source of food supply in the national interest.
United States · United States Congress · 14 January 1975
Repeals the Postal Reorganization Act. Re-enacts the former provisions of law pertaining to the Post Office prior to such Act. Reestablishes the Post Office Department.
United States · United States Congress · 14 January 1975
Removes the limitation upon the amount of outside income which an individual may earn while receiving benefits under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act.
United States · United States Congress · 14 January 1975
Directs the Secretary of Agriculture, through the Commodity Credit Corporation, during calendar year 1976, to expend an additional $1,000,000,000 to $2,000,000,000 for (1) the purchase of cows, calves, hogs, sheep, poultry or other food animals and products, processing and packaging, or (2) the purchase of animal products already processed for contribution to domestic and foreign food programs for the relief of starvation and malnutrition. Directs that the containers of such products bear labels indicating the contents are donated by the people of the United States.
United States · United States Congress · 14 January 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.
United States · United States Congress · 14 January 1975
Provides price support for milk, under the Agricultural Act of 1949, at not less than 90 percent of the parity price therefor, beginning on the date of enactment and ending on March 31, 1976. Directs the Secretary of Agriculture to adjust the parity price at the beginning of each quarter to reflect the changes in the prices paid by farmers for production items, interest, taxes and wages in the preceeding quarter. States that it is the sense of the Congress that the President shall take appropriate action to limit the quantity of meat imports to an amount equal to the adjusted base quantity estimate for the current calender year. States that it is further the sense of Congress that the President issue a proclamation stating that import quotas on butter, butter oil, cheddar cheese, and nonfat dry milk not be increased above the levels prevailing as of June 1, 1971.
United States · United States Congress · 14 January 1975
Food Supplement Amendment - Defines the term "food supplement" for purposes of the Federal Food, Drug, and Cosmetics Act to mean food for special dietary uses, and defines the meaning of "special dietary uses" as particular uses of food for man which meets specified requirements. Provides that in administering such Act the Secretary of Health, Education, and Welfare: (1) shall not limit the potency, number, combination, amount, or variety of any synthetic or natural vitamin, mineral, substance, or ingredient of any food supplement unless such article is intrinsically injurious to health in the recommended dosage; and (2) shall not require a warning label on any food supplement unless such article is intrinsically injurious to health in the recommended dosage.
United States · United States Congress · 14 January 1975
Provides for the reprinting for use by the House Committee on Banking and Currency of 2,000 copies of the Committee print entitled "Compilation of the Housing and Community Development Act of 1974".
United States · United States Congress · 19 December 1974
Economic Stabilization Act Amendments - Establishes an Economic Stablilzation Board, to be composed of three members, representing labor, business and the consuming public to be appointed by the President with the advice and consent of the Senate. Freezes all prices, wages, rents, and interest rates at levels no higher than those prevailing on December 1, 1974. Allows the Board to make ajustments in such levels in order to correct gross inequities. Directs the Board, within 60 days of enactment of this Act, to roll back prices, rents and interest rates to levels lower than those necessary to eliminate windfall profits or to carry out the purposes of this Act. Allows the Board, on petition of interested parties, to eliminate inequities which may have developed in the wage-price relationship by allowing upward adjustments in wages. Specifies that such increases not exceed the difference between the rate of price increases as measured by the Consumer Price Index between August 15, 1971 and the date of enactment, and the average wage increases in the firm or industry during the same period. Exempts from the wage freeze all workers whose earnings are substandard or who are members of the working poor. Specifies that this Act shall not preclude any increase in wages required by the Fair Labor Standards Act or other preexisting wage determinations. Establishes in the legislative branch the Office of Consumer Counsel, to be headed by the Counsel, appointed for one year by the Temporary Emergency Court of Appeals. Authorizes the Consumer Counsel: (1) to investigate any complaints concerning actions of the Board; (2) to issue subpenas for the testimony of witnesses and the production of records; (3) to intervene as a party in rulemaking and other decisions by the Board which the Counsel believes may be contrary to law or to the public interest; and (4) to apply to the appropriate court for relief if the Board makes a decision notwithstanding the objections of the Consumer Counsel. Directs the Office of the Consumer Counsel to advise consumers of information necessary to make intelligent decisions on the purchase of goods and services. Requires the Board to transmit quarterly reports to the Committee on Banking and Currency of the House of Representatives and to the Committee on Banking, Housing and Urban Affairs of the Senate, describing the actions taken and assessing the progress attained in achieving the purpose of this Act. Makes technical and conforming amendments.
United States · United States Congress · 3 December 1974
Foreign Bank Act - Redefines "bank" to include branches and agencies of foreign banks established or operating under the laws of the United States, any State, or the District of Columbia. Adds definitions of other terms to the Bank Holding Company Act of 1956. Requires foreign banks with worldwide assets in excess of $500,000,000 to become members of the Federal Reserve System. Prescribes regulations for the acquisition and establishment of additional branches and agencies by bank holding companies and foreign banks. Requires divestiture within 2 years of the date of enactment by bank holding companies, foreign bank holding companies, and their subsidiaries, of any branch or agency outside the State in which the operations of the company's banking subsidiaries are principally conducted, which was acquired after December 3, 1974. Requires divestiture within 10 years of non-banking interests acquired after December 3, 1974 by foreign bank companies. Allows the retention of banking facilities in the State in which the foreign bank's operations are principally conducted and expansion in that State in any form permitted by State law. Allows expansion outside the principal State in the same form as that in which the bank company's operations are presently conducted in the non-principal State. Redefines, and adds, terms to the Federal Reserve Act. Provides that any branch of a foreign bank operating under this Act which fails to become a member of the Federal Reserve System within one year of passage of this Act shall forfeit all of its rights, privileges, and franchises. Allows the Board of Governors of the Federal Reserve System to waive the requirements of the Federal Reserve Act that a majority of the shares of a corporation doing foreign banking be owned or controlled by United States citizens and that all of the directors of such a corporation be United States citizens. Permits a national banking association to be formed under the National Bank Act by or on behalf of a foreign bank. Allows the Comptroller of the Currency to permit one-half of the directors of a national bank to be non-citizens of the United States. Directs the Federal Deposit Insurance Corporation to submit to the Congress within ninety days of enactment a proposal for extending insurance coverage to deposits in branches and agencies of foreign banks. Allows a foreign bank to establish and operate branches in any State upon receipt of a certificate of authority from the Comptroller, notwithstanding the laws of the State. Allows a foreign bank to convert branches or agencies operating under State law to federally-certified branches to be operated under this Act. Directs the Comptroller to consider the views of the Secretary of State, the Secretary of the Treasury, the Board of Governors, and the bank supervisory authorities of the States in deciding whether to issue certificates of authority to foreign banks to operate branches under this Act. Prohibits the Comptroller from issuing such certificate if the establishment of the branch would adversely affect the domestic or foreign commerce, or otherwise would not be in the interest of the United States. Provides that upon the issuance of a certificate of authority the foreign bank may conduct its business with the same rights, privileges, duties and restrictions as a national bank. Requires annual examinations by the Comptroller of branches operating under this Act, reports by the banks in accordance with the Federal Deposit Insurance Act, and such additional reports as the Comptroller may prescribe. Prescribes penalties for failure to make such reports. Sets forth the assets which foreign banks are required to keep on deposit in the appropriate national bank. Provides for the appointment of a receiver by the Comptroller whenever he has revoked the certificate of authority of a foreign bank, with the same powers in the receiver as are now exercised by receivers of national banks. Requires the appointment of an agent for service of process by each bank holding on certificate of authority in each State where it has established a branch under this Act, and allows service upon the Comptroller in the absence of such an agent. Provides civil and criminal penalties for the violation of this Act by a foreign bank holding a certificate of authority. Grants Federal district courts original jurisdiction in any civil action commenced by the United States against a foreign bank and in any action by a foreign bank to enjoin the Comptroller or a receiver acting under his direction. Makes technical and conforming amendments to the United States criminal code, the Bank Protection Act, the Truth-in-Lending Act, and the Fair Credit Reporting Act. Authorizes the Board of Governors, the Comptroller and the Federal Deposit Insurance Corporation to enter into agreements with foreign bank supervisory authorities for the exchange of information on banking institutions. Requires a Federal banking license for any foreign bank controlling, establishing, or operating a bank in the United States which has not received a certificate of authority, except that those banks existing at the date of enactment need only register with the Comptroller. Empowers the Secretary of the Treasury to approve such licenses after consulting with the Secretary of State and the Board of Governors. Directs the Comptroller not to issue such license if the Secretary of the Treasury determines that issuance would adversely affect the domestic or foreign commerce of the United States or would otherwise not be in the interests of the United States. Authorizes the Secretary of the Treasury and the Comptroller to issue rules and regulations deemed necessary to enforce compliance with this Act.
United States · United States Congress · 25 November 1974
Provides for the reprinting for use by the Committee on Banking and Currency of two thousand copies of the Committee print entitled "Compilation of the Housing and Community Development Act of 1974".
United States · United States Congress · 11 October 1974
Prohibits the importation of dairy products into the United States for 12 months, unless and until the market price of milk reaches 100 per cent of parity, and then only if the Secretary of Agriculture certifies that such products equal or exceed United States health and sanitary standards.
United States · United States Congress · 11 October 1974
Expresses the sense of Congress that the Executive order lifting restrictions on beef imports be rescinded and that the United States should return to the import quotas as set up in the 1964 Beef Import Act.
United States · United States Congress · 9 October 1974
Directs the Secretary of Agriculture to establish a temporary program whereby the Secretary shall obtain feed for beef cattle and sell such feed to cattlemen at a reduced rate if the parity price of milk falls below a specified level.
United States · United States Congress · 9 October 1974
Emergency Famine Relief Act - Directs the Secretary of Agriculture to purchase, under the Agricultural Trade Development and Assistance Act of 1954, live beef cattle for shipment to nations experiencing widespread famine, especially Honduras, Cyprus, and Sahel. Authorizes to be appropraited $100,000,000 for fiscal year 1975 for the purposes of this Act.
United States · United States Congress · 9 October 1974
Authorizes the Clerk of the House of Representatives to make a correction to provide for the enrollment of H.R. 11221, relating to the insurance of public accounts under the Federal Deposit Insurance Act.
![Official portrait of Rep. Patman, Wright [D-TX-1]](https://www.congress.gov/img/member/p000103_200.jpg)