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Official portrait of Rep. Rees, Thomas M. [D-CA-23]

Rep. Rees, Thomas M. [D-CA-23]

United States · Official source

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  • · House of Representatives · present
  • D · D · present

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Resolution· HRESH.Res. 1586 (94th)referred

Resolution expressing the sense of the House of Representatives that the effect on our society of the level of violence depicted on television requires more consideration and study.

United States · United States Congress · 29 September 1976

Expresses the sense of the House of Representatives that there exists a sufficient indication of a relationship between the level of violence depicted on television and a distorted view of social reality held by heavy viewers of television to warrant consideration of such relationship by those persons responsible for television programming and broadcasting. Urges further investigation of the correlation between the level of violence depicted on television and aggressive, including violent behavior in children and adults.

Bill· HRH.R. 15739 (94th)referred

Privacy Protection for Rape Victims Act

United States · United States Congress · 28 September 1976

Privacy Protection for Rape Victims Act - Amends the Federal Rules of Evidence to prohibit, in cases of alleged rape or assault with intent to commit rape, the introduction of evidence of the victim's prior sexual behavior. Makes such prohibition inapplicable: (1) to evidence of the victim's prior sexual conduct with the alleged assailant; and (2) to evidence of the victim's sexual behavior with others if it is offered by the accused on the issue of whether the accused was the source of the victim's pregnacy, disease, semen, or injury. Requires the accused to make a written motion to offer such evidence accompanied by a written offer of proof. Requires the court to hold a hearing to determine the admissability of such evidence, declaring it admissable only if the court finds that the evidence is relevant and that its probative value outweighs the danger of unfair prejudice. Makes inadmissible reputation or opinion evidence with respect to the victim's past sexual behavior.

Bill· HRH.R. 15540 (94th)referred

A bill to provide for the establishment of the Santa Monica Urban Park in the State of California.

United States · United States Congress · 13 September 1976

Establishes the Santa Monica Urban Park in California. Directs the Secretary to establish the Urban Park Planning Commission to develop the park plan. Authorizes the appropriation of $650,000 for expenses of the Commission. Makes available to the Commission an additional $250,000 upon authorization of the Secretary. Authorizes the appropriation of $50,000,000 for grants to State and local units for land acquisition.

Bill· HRH.R. 15389 (94th)referred

National Neighborhood Policy Act

United States · United States Congress · 1 September 1976

National Neighborhood Policy Act - Establishes a National Commission on Neighborhoods which will include two members each from the House and the Senate and 16 public members appointed by the President. States the duties of the Commission which include studying the factors necessary to neighborhood survival and revitalization and making recommendations for modification of existing laws and policies. Makes provisions for the administration of this Commission. Authorizes to be appropriated funds necessary to carry out this Act.

Bill· HRH.R. 15249 (94th)referred

A bill to permit the enlistment of Vietnamese and Cambodian refugees into the Armed Forces of the United States under certain circumstances.

United States · United States Congress · 24 August 1976

Permits the enlistment of Vietnamese and Cambodian refugees into the U.S. Armed Forces if the Secretary of the military department concerned determines that any such alien intends to make a legal declaration of intention to become a citizen of the United States after his or her status has been adjusted to that of an alien admitted for permanent residence. States that the authority to enlist such aliens into the Armed Forces shall expire 12 months after the enactment of this Act.

Bill· HRH.R. 15250 (94th)referred

Indo-Chinese Refugee Status Adjustment Act

United States · United States Congress · 24 August 1976

Indo-Chinese Refugee Status Adjustment Act - Permits the Attorney General, under the Immigration and Nationality Act, to adjust the status of any alien from Indochina to permanent resident without regard to immigration quotas or lack of possession by such alien of specified required immigration documents. States such alien need only be eligible to receive an immigrant visa to qualify for such change of status.

Resolution· HCONRESH.Con.Res. 700 (94th)referred

A resolution expressing commendation to the Government of Israel for its Entebbe Airport rescue mission, disapproval of efforts to condemn or censure Israel for the action, approval of the position taken by the Government of the United States and of the United States-United Kingdom resolution, and requesting the President to initiate and engage in negotiations leading to an international agreement to curb terrorist acts.

United States · United States Congress · 3 August 1976

Commends the government and commando units of Israel for the rescue mission at Entebbe Airport. Disapproves efforts being undertaken by certain nations to condemn or censure Israel for such mission. Supports the United States-United Kingdom position at the United Nations condemning all acts of terrorism. Requests the President to engage in the negotiation of agreements with other nations to help prevent acts of terrorism.

Bill· HRH.R. 14960 (94th)reported

District of Columbia Retirement Reform Act

United States · United States Congress · 29 July 1976

District of Columbia Retirement Reform Act - Title I: Financing of Retirement Benefits - Establishes the District of Columbia Retirement Board to exercise exclusive authority to manage and control the funds established by this Act. Details provisions relating to the Board's composition, the election and terms of office of Board members, the procedures to be followed by the Board, and the financing of the Board's operators. Establishes the District of Columbia Policemen and Firemen's Retirement Fund into which shall be deposited: (1) amounts withheld from the salaries of, and deposited by, members of the Metropolitan Police, the Fire Department of the District of Columbia, the United States Park Police, the Executive Protective Service, and the United States Secret Service, pursuant to the Policemen and Firemen's Retirement and Disability Act, (2) amounts appropriated to the Fund pursuant to this Act, and (3) amounts made as return on investment of the assets of the Fund. Establishes the District of Columbia Teachers' Retirement Fund into which shall be deposited: (1) amounts withheld from the salaries of, and amounts deposited by, each teacher in the public schools of the District of Columbia for such teachers' retirement account, (2) amounts appropriated to the Fund pursuant to this Act, and (3) amounts made as return on investment of the assets of the Fund. Establishes the District of Columbia Judges Retirement Fund into which shall be deposited: (1) amounts withheld from the salaries of, and amounts deposited by, judges of the District of Columbia Court of Appeals and the Superior Court of the District of Columbia, (2) amounts appropriated to the Fund pursuant to this Act, and (3) amounts made as return on investment of the assets of the Fund. Requires that the assets of each Fund established by this Act be kept separate from other moneys, but not necessarily kept separate from one another if the Board determines that commingling of such assets is advisable for investment purposes. Requires the Board to maintain a cash reserve for the Funds sufficient to meet currently annunity and disability benefits outlays. Prohibits the investment of assets of the funds in obligations issued or guaranteed in whole or in part by the government of the District of Columbia or in obligations secured by real property in the District of Columbia. Directs the Board to engage an enrolled actuary to periodically determine: (1) the amount required to be deposited in each Fund annually in perpetuity in order to meet the cost of annuities and other retirement and disability benefits payable in perpetuity from the Fund less the amount of employee contributions ot the Fund, and (2) the amount received to meet the obligations of each Fund for the next fiscal year less employee contributions for such period. Directs the Comptroller General to annually audit the accounts and records of the Board. Sets forth formulae to determine annual Federal amortization payments and annual District of Columbia payments to each Fund. Authorizes the appropriation of specified sums from the revenues of the United States and from amounts in the United States Treasury credited to the District of Columbia for Federal and District of Columbia contributions to each Fund, respectively. Directs the Board to publish annual reports with respect to each retirement program and corresponding Fund to which this Act applies. Requires that each such report include: (1) a financial statement containing a statement of Fund assets and liabilities, a statement of changes in net assets available for benefits under the retirement program, and other specified information; (2) an opinion by an independent public accountant as to whether such financial statement is presented in conformity with generally accepted accounting principles; (3) an actuarial statement containing specified information relating to the Fund and retirement program; (4) information relating to the number of employees covered by the retirement program, persons receiving compensation from the Fund, and specified changes to the Funds operation; and (5) a report from each insurance company or similar organization from which program benefits are purchased or which guarantees such benefits. Directs the Board to prepare summary retirement programs descriptions to be supplied to each participant in, and beneficiary under, each retirement program to which this Act applies. Requires that annual reports and copies of summary retirement program descriptions, including periodic updates containing material modification, be filed with the Mayor of the District of Columbia, the District of Columbia Council, the Speaker of the House of Representatives, and the President pro tempore of the Senate. Empowers the Mayor, the Council, or either House of Congress to reject any filing upon making specified findings. Suspends Federal contributions to any Fund with respect to which a filing is rejected or no timely filing has been made pending an acceptable filing. Requires that copies of such reports and descriptions be made available for public inspection. Authorizes the Board to designate one or more persons to exercise fiduciary responsibilities with respect to Funds established by this Act but places with the Board fiduciary responsibility for the oversight of any person so designated. Lists standards guidelines to be followed by fiduciaries in the discharge of their duties. Specifies circumstances under which a fiduciary shall be liable for a breach of fiduciary duty by another fiduciary. Prohibits a fiduciary from causing the Fund to engage in specified transactions with interested parties or with itself. Deems void any provision in an agreement instrument which purports to relieve a fiduciary responsibility or liability. Permits the Board, fiduciaries, and groups of retirement program participants to purchase insurance to cover liability or losses arising from a breach of fiduciary duty. Prohibits any person convicted of specified crimes from serving as an administrator, fiduciary, counsel, or employee of, or as a consultant to, any Fund established by this Act within five years of any such conviction or release from imprisonment, unless the Board of Parole of the United States determines that such person's service with the Fund would not be contrary to the purposes of this Act. Sets forth criminal penalties for violation of fiduciary obligations. Creates civil causes of action for the benefit of specified plaintiffs to enforce the provisions of this Act. Specifies time limits within which civil actions grounded on breach of fiduciary duty must be brought. Title II: Changes in Retirement Benefits - Revises the method for determining the salary base period for computation of annuities of participants in the District of Columbia Policemen and Firemen's Retirement Fund. Sets forth separate procedures and standards for members of the Metropolitan Police and the Fire Department with respect to (1) eligibility for voluntary retirement, (2) eligibility for disability retirement, (3) amount of disability annuities, (4) suspension of disability annuities, (5) physical examination of disability annuitants, and (6) amount of survivors annuities. Entitles any such member who completes five years of service and who is thereafter separated from service other than through disability retirement or voluntary optional retirement to elect to either (1) receive at the time of separation the amount of deductions from such individual's salary deposited in the Fund, or (2) receive an annuity beginning on the first day of the month during which such individual attains age 55 or on the first day of the month after such individual's separation from service, whichever occurs later. Authorizes cost-of-living adjustments in annuities payable from the District of Columbia Policemen and Firemen's Retirement Fund. Eliminates the one percent increase added on to cost-of-living increases in the annuities of District of Columbia Public school teachers and judges. Revises the means for determining eligibility for each such adjustment.

Resolution· HCONRESH.Con.Res. 692 (94th)referred

A resolution expressing the sense of the Congress that the Attorney General, in accordance with existing law and U.S. humanitarian tradition, parole into the United States those South American aliens having fled to Argentina and those Uruguayans within Uruguay who are in danger of losing their lives.

United States · United States Congress · 29 July 1976

Expresses the sense of Congress that the Attorney General parole into the United States those South American aliens having fled to Argentina and those Uruguayans within Uruguay who are in danger of losing their lives because of their political beliefs.

Bill· HRH.R. 14957 (94th)referred

A bill to amend title 23 of the District of Columbia Code with respect to the release or detention prior to trial of persons charged with certain violent or dangerous criminal offenses.

United States · United States Congress · 29 July 1976

Amends the District of Columbia Code to apply provisions relating to pretrial detention of persons charged with capital crimes only to those defendants charged with first degree murder or forcible rape. Limits the application of provisions relating to pretrial detention of defendants presently on probation, parole, or mandatory release pending completion of sentence to those persons charged with (1) a dangerous crime, (2) a violent crime, or (3) an obstruction or attempted obstruction of justice by threatening or injuring a prospective witness or juror. Extends the maximum permissable detention period of such a defendant pending notification to appropriate state or Federal courts or officials to ten days. Empowers a judicial officer to order that such a defendant be detained until trial upon finding a substantial probability that the defendant committed the offense as charged. Grants specified procedural rights to persons so detained. Permits institution of pretrial detention hearings by a judicial officer on such officer's own initiative. Extends to 90 days the period after which a defendant who is charged with a dangerous crime, a violent crime, or an obstruction of justice and is ordered detained pending trial must be released, unless the trial is in progress or has been delayed at the request of the defendant.

Resolution· HRESH.Res. 1438 (94th)referred

A resolution to amend rule XXXII of the Rules of the House of Representatives to specify conditions for the admission of ex-Members and certain other persons to the Hall of the House and rooms leading thereto.

United States · United States Congress · 28 July 1976

Amends rule XXXII of the Rules of the House of Representatives to allow specified present and former employees and Members of the House to enter the Hall of the House and rooms leading thereto. Provides that such persons shall not be admitted if they have any direct personal or pecuniary interest in any legislative measure coming up for consideration in the House.

Bill· HRH.R. 14875 (94th)referred

National Earthquake Hazards Reduction Conference Act

United States · United States Congress · 27 July 1976

National Earthquake Hazards Reduction Conference Act - Establishes a National Earthquake Hazards Reduction Conference. Enumerates the duties of the Conference, including: (1) the formulation of a national program to develop capabilities for earthquake hazards reduction; (2) the establishment of means for disseminating earthquake prediction information and technical assistance; (3) the coordination of earthquake and related hazard research programs; and (4) the establishment of an earthquake prediction board. Details provisions relating to the powers, composition, structure, and reporting requirements of the Conference.

Bill· HRH.R. 14845 (94th)referred

Small Business Growth and Job Creation Act

United States · United States Congress · 26 July 1976

Small Business Growth and Job Creation Act - Title I: Small Business Independence and Continuation - Amends the Internal Revenue Code to establish graduated corporate income tax rates. Changes the holding period for capital assets from six months to one year. Establishes a new alternative tax on capital gains. Increases the estate tax exemption from $60,000 to $180,000. Establishes a new rate schedule for the estate tax. Increases the gift tax exclusion from $3,000 to $9,000, and the gift tax exemption from $30,000 to $90,000. Replaces the present gift tax schedule with a flat rate of 75 percent of whatever the estate tax on such a sum would be. Provides that a distribution of property by a corporation in redemption of stock to pay death taxes shall be treated as a distribution in full payment in exchange for the stock if all of the stock of such corporation which is included in determining the value of the decedent's gross estate is either, (1) more than 20 percent (generally, 35 percent), of the value of the gross estate of such decedent, or (2) more than 40 percent (generally, 50 percent) of the taxable estate of such decedent. Provides that if stock in a corporation is sold by a shareholder owning stock representing more than 30 percent of the fair market value of all outstanding stock of the corporation whose stock is being sold, the gain from such sale shall be recognized only to the extent that the taxpayer's sale price exceeds the cost of replacement property purchased by the taxpayer within two years. Defines "replacement property" as property which is held for the production of income or which is held for investment. Allows the executor of an estate involving an interest in a closely held business to elect to include in the value of the gross estate the decedent's basis in such business rather than the fair market value of such interest. States that the basis of property acquired from a decedent as to which such an election was made shall be the decedent's basis in such property rather than the fair market value of such interest. Allows the marital deduction of the estate tax to exceed 50 percent of the value of the adjusted gross estate when an interest in a specially defined small business is included in the estate. Title II: Small Business Growth Incentives - Allows a taxpayer to choose the cash method of accounting in any case where inventory is an income determining factor and the ending inventory for the taxable year does not exceed $200,000. Provides a deferred tax credit against taxable income for unincorporated businesses. Establishes a graduated investment tax credit. Amends the definition of a small business corporation to allow domestic corporations with up to 20 shareholders (presently, ten) to qualify for subchapter S treatment. Allows a small business to make a subchapter S election at any time during the taxable year. Allows to a business a credit equal to 50 percent of the wages paid during the taxable year to new employees, up to two employees and $20,000 for the taxable year. Allows a similar credit for new disadvantaged employees up to a maximum of $60,000 per taxable year. Allows the practical cost recovery method to be used in computing depreciation. Title III: Small Business Tax Simplification - Allows a corporation to file an application for refund of overpayment of estimated income tax at any time during the taxable year. Provides a special rule for treatment of net operating loss adjustments in the case of new corporations. Increases the minimum credit on accumulated earnings from $150,000 to $500,000. Redefines "section 1244 stock" to mean common stock in a corporation if: (1) such corporation during its preceding taxable year derived more than 50 percent of its aggregate gross receipts from sources other than royalties, rents, dividends, interest, annuities, and sales or exchanges of stock or securities; and (2) the equity capital of such corporation does not exceed $1,000,000. Increases the losses on section 1244 stock which may be treated as ordinary losses (rather than capital losses) from $25,000 to $50,000.

Bill· HRH.R. 14829 (94th)referred

National Consumer Cooperative Bank Act

United States · United States Congress · 22 July 1976

National Consumer Cooperative Bank Act - Title I: National Consumer Cooperative Bank - Sets forth the findings of Congress that there is a need for the establishment of a National Consumer Cooperative Bank and a Cooperative Bank and Assistance Administration which will make available necessary financial and technical assistance to cooperative self-help endeavors as a means of strengthening the Nation's economy. Establishes the National Consumer Cooperative Bank. States that the Bank shall: (1) encourage the development of new and existing cooperatives eligible for its assistance by providing specialized credit and technical assistance; (2) maintain broad-based control of the Bank by its voting stockholders; (3) encourage broad-based ownership, control and active participation by members in eligible cooperatives; (4) assure that the net savings from its operations and the operations of borrowers from the Bank, are made available or accounted for to the stockholders or members of the cooperative organization; and (5) assist in improving the quality and availability of goods and services to consumers. Authorizes the creation of no less than four nor more than twelve corporate regional banks. States that the Bank shall have the power to make and service loans, commitments for credit, guarantees, furnish financially related services, technical assistance, and issue obligations. Enumerates additional powers necessary to carry out its powers and duties under this Act. Authorizes appropriations of $250,000,000 per year for the United States to purchase class A preferred stock of the Bank. Requires the Bank to hold an annual meeting of stockholders. Permits the Bank to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Authorizes the Bank to make loans to eligible organizations which shall be repayable in not more than forty years. States that the objective of the Bank shall be to provide the type of credit needed by eligible borrowers, at the lowest reasonable cost on a sound business basis, taking into account the cost of money to the Bank. Defines "eligible cooperatives" for purposes of assistance under this title as an organization chartered or operated on a cooperative, not for profit basis for producing or furnishing goods, services, facilities, or financing, primarily for the benefit of its members or voting stockholders who are ultimate consumers, if it meets specified criteria, or any other institution chartered or operated in such a way as to enhance competitive market forces or to reduce the price spread between producers and the ultimate consumers of products or services. Title II: Self-Help Development Fund - Establishes in the Treasury a Consumer Cooperative Self-Help Development Fund. Authorizes appropriations of $250,000,000 to be deposited in the Fund. Permits the Cooperative Bank and Assistance Administration to make a capital investment advance out of the Fund to any eligible cooperative if the Administration determines that the applicant's initial or supplemental capital requirements exceed its ability to obtain a Title I loan from the Bank or other sources, and the membership of the applicant consists substantially of low-income persons. Title III: Cooperative Technical Assistance - Directs the Cooperative Bank and Assistance Administration to make available information and services concerning the organization or reorganization of cooperatives to best achieve the objectives of this Act and to best provide the means through which various types of goods, services, and facilities can be made available to members and patrons. States that such assistance may include investigations, surveys, and director and management training and assistance. Authorizes appropriations to the Administration of sums necessary for the administration of this title. Title IV: The Cooperative Bank and Assistance Administration and General Provisions - Establishes the Cooperative Bank and Assistance Administration. Directs the Administration to assure that the objectives of this Act are carried out. States that until the stock of the Bank held by the United States has been fully retired the Bank shall be exempt from any form of taxation. Requires the Administration and the Board to report annually to the appropriate committee of Congress on the activities of the Administration and on the Bank's capital, operations, financial condition, the self-help development fund, and to make recommendations for legistation to improve its services. Authorizes appropriations of sums necessary to carry out the purposes of this Act, in addition to appropriations specifically authorized.

Bill· HJRESH.J.Res. 1021 (94th)referred

Joint resolution authorizing and directing the President to declare Valentyn Moroz an honorary citizen of the United States of America.

United States · United States Congress · 2 July 1976

Directs the President to proclaim that Valentyn Moroz shall be an honorary citizen of the United States. Urges cooperation in observance of the principles of the Final Act of the Conference on Security and Cooperation in Europe. Expresses the sense of the Congress that the Soviet Union as one of the signators to the Final Act should provide Valentyn Moroz with the opportunity to accept the invitation of Harvard University for the 1976-77 academic year.

Bill· HRH.R. 14670 (94th)referred

Human Resources Demonstration Act

United States · United States Congress · 1 July 1976

Human Resources Demonstration Act - Directs the President, through the Secretary of Labor, to carry out a program of demonstration projects designed to: (1) increase productivity and authorize the better use of human and natural resources in employment; (2) prevent layoffs of employees; and (3) expand employment opportunities by stimulating new investment techniques. Establishes an Advisory Committee on Human Resources and Employment Opportunities to furnish advice and assistance in the administration of the demonstration projects program. Requires the President to submit to the Congress a semi-annual report describing the demonstration projects program and the specific contracts entered into pursuant to such projects. Authorizes appropriations of sums necessary to carry out the provisions of this Act.

Bill· HRH.R. 14624 (94th)referred

Minority Enterprise Act

United States · United States Congress · 30 June 1976

Minority Enterprise Act - Title I: Amendments Affecting the Small Business Act - Amends the Small Business Act to establish the Office of Minority Small Business Assistance Personnel in the Small Business Administration (SBA) to work with all agencies of the Government having procurement powers in order to identify contracts suitable for minority concerns and within each regional office of the SBA to supervise and coordinate minority small business programs. Defines the term minority as used under this Act. Directs the Administrator of the SBA to appoint an Associate Administrator for Minority Small Business and Procurement Assistance. Increases the authorization for appropriations in the small business loan program and requires that not less than 25 percent of aggregate direct loan shall be made to minority small business concerns. Increases the authorization for appropriations for the equal opportunity loan program. Provides statutory standards for contracting and subcontracting by the United States with respect to minority businesses. Directs the Administration to prepare and publish in the Federal Register rules governing the maximum size of small business concerns qualified to receive procurement assistance under the Small Business Act. Requires that the Administration shall report to Congress and the President concerning the development of minority small business. Authorizes $201,600,000 to be appropriated for purposes of this title. Title II: Amendments to the Federal Property and Administrative Services Act of 1949 - Requires that a Utilization of Minority Business Enterprise clause appear in specified Government contracts. Defines minority business enterprise for purposes of this title. Requires that specified Government contractors establish and conduct a Minority Business Enterprise Subcontracting Program which includes: (1) designation of a liaison officer to administer the Contractor's program; (2) consideration of the potentialities of minority business enterprises in all "make or buy" decisions to provide materials or service; and (3) maintenance of records concerning procedures adopted and subcontracts awarded. Sets forth other preferences which will be extended to minority business enterprises. Title III: Commission on Federal Assistance to Minority Enterprise - Establishes the Commission on Federal Assistance to Minority Enterprise composed of 15 who are knowledgeable of minority participation in the economy to be appointed by the Senate. Provides for the compensation and terms of office of the members and the appointment of an Executive Director. Directs the Commission to develop methods for delivery of financial assistance to minority enterprises; for generating markets for goods and services; and for providing effective business education and technical assistance. Grants the Commission powers including the holding of hearings, and information gathering from any Federal agency in order to carry out the goals of this Act. Requires that the Commission shall submit semiannual reports to each House of Congress concerning its activities. Authorizes $748,000 to be appropriated for fiscal year 1977.

Bill· HRH.R. 14621 (94th)referred

A bill to amend the District of Columbia Income and Franchise Tax Act of 1947 to impose an income tax on income derived from sources within the District of Columbia by individuals who are not residents of the District of Columbia and to remove the franchise tax on the income of unincorporated businesses.

United States · United States Congress · 30 June 1976

Amends the District of Columbia Income and Franchise Tax Act of 1947 to impose an income tax on the gross income of nonresidents of the District of Columbia which is derived from sources within the District, including the Federal Government. Stipulates that such tax shall be at one-third of the rate applicable in the case of a District of Columbia resident. Prohibits the Council of the District of Columbia from imposing any additional or greater tax on nonresidents than imposed by this Act, unless the same proportion of additional or greater tax is imposed on residents. Repeals the tax on unincorporated businesses. Requires every employer making payment of wages to a nonresident to deduct and withhold a tax upon such wages in accordance with regulations to be promulgated by the Council of the District of Columbia. Makes technical and conforming amendments.

Bill· HRH.R. 14512 (94th)referred

National Consumer Cooperative Bank Act

United States · United States Congress · 23 June 1976

National Consumer Cooperative Bank Act - Title I: National Consumer Cooperative Bank - Sets forth the findings of Congress that there is a need for the establishment of a National Consumer Cooperative Bank and a Cooperative Bank and Assistance Administration which will make available necessary financial and technical assistance to cooperative self-help endeavors as a means of strengthening the Nation's economy. Establishes the National Consumer Cooperative Bank. States that the Bank shall: (1) encourage the development of new and existing cooperatives eligible for its assistance by providing specialized credit and technical assistance; (2) maintain broad-based control of the Bank by its voting stockholders; (3) encourage broad-based ownership, control and active participation by members in eligible cooperatives; (4) assure that the net savings from its operations and the operations of borrowers from the Bank, are made available or accounted for to the stockholders or members of the cooperative organization; and (5) assist in improving the quality and availability of goods and services to consumers. Authorizes the creation of no less than four nor more than twelve corporate regional banks. States that the Bank shall have the power to make and service loans, commitments for credit, guarantees, furnish financially related services, technical assistance, and issue obligations. Enumerates additional powers necessary to carry out its powers and duties under this Act. Authorizes appropriations of $250,000,000 per year for the United States to purchase class A preferred stock of the Bank. Requires the Bank to hold an annual meeting of stockholders. Permits the Bank to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Authorizes the Bank to make loans to eligible organizations which shall be repayable in not more than forty years. States that the objective of the Bank shall be to provide the type of credit needed by eligible borrowers, at the lowest reasonable cost on a sound business basis, taking into account the cost of money to the Bank. Defines "eligible cooperatives" for purposes of assistance under this title as an organization chartered or operated on a cooperative, not for profit basis for producing or furnishing goods, services, facilities, or financing, primarily for the benefit of its members or voting stockholders who are ultimate consumers, if it meets specified criteria, or any other institution chartered or operated in such a way as to enhance competitive market forces or to reduce the price spread between producers and the ultimate consumers of products or services. Title II: Self-Help Development Fund - Establishes in the Treasury a Consumer Cooperative Self-Help Development Fund. Authorizes appropriations of $250,000,000 to be deposited in the Fund. Permits the Cooperative Bank and Assistance Administration to make a capital investment advance out of the Fund to any eligible cooperative if the Administration determines that the applicant's initial or supplemental capital requirements exceed its ability to obtain a Title I loan from the Bank or other sources, and the membership of the applicant consists substantially of low-income persons. Title III: Cooperative Technical Assistance - Directs the Cooperative Bank and Assistance Administration to make available information and services concerning the organization or reorganization of cooperatives to best achieve the objectives of this Act and to best provide the means through which various types of goods, services, and facilities can be made available to members and patrons. States that such assistance may include investigations, surveys, and director and management training and assistance. Authorizes appropriations to the Administration of sums necessary for the administration of this title. Title IV: The Cooperative Bank and Assistance Administration and General Provisions - Establishes the Cooperative Bank and Assistance Administration. Directs the Administration to assure that the objectives of this Act are carried out. States that until the stock of the Bank held by the United States has been fully retired the Bank shall be exempt from any form of taxation. Requires the Administration and the Board to report annually to the appropriate committee of Congress on the activities of the Administration and on the Bank's capital, operations, financial condition, the self-help development fund, and to make recommendations for legistation to improve its services. Authorizes appropriations of sums necessary to carry out the purposes of this Act, in addition to appropriations specifically authorized.

Resolution· HRESH.Res. 1309 (94th)referred

Resolution expressing the sense of the House regarding the closing of post offices.

United States · United States Congress · 16 June 1976

Expresses the sense of the House of Representatives that the United States Postal Service shall not close or suspend the operation of any post offices, unless there is a clear and compelling need to do so. Encourages the service to continue cost-cutting programs which do not affect levels of service.

Bill· HRH.R. 14318 (94th)referred

Foreign Investment in the United States Act

United States · United States Congress · 10 June 1976

Foreign Investment in the United States Act - Creates a Committee on Foreign Investment in the United States. States which executive departments and independent regulatory bodies shall be represented on such Committee. Directs the Committee to monitor the impact of foreign investment, both direct and portfolio, in the United States and to coordinate the implementation of the United States policy on such investment, which task includes providing guidance on arrangements with foreign governments and enterprises for advance consultation on prospective major investments in the United States. Makes provisions for the collection and use of data on foreign investment in the United States by the Secretary of Commerce. Requires the Committee to submit recommendations and analyses to the National Security Council and to the Economic Policy Board. Directs the Committee to submit to Congress an annual report on its activities and recommendations for legislation. Lists information and assistance that is to be rendered to the Committee by the Securities and Exchange Commission, the Department of the Treasury, the Department of Justice, and the Federal Trade Commission. Authorizes the Secretary of the Treasury to pay any expenses directly incurred by the Secretary of Commerce from the Exchange Stabilization Fund.

Bill· HRH.R. 14317 (94th)referred

A bill to amend the Securities Exchange Act of 1934 to impose certain notification and other requirements with respect to tender offers.

United States · United States Congress · 10 June 1976

Requires persons making tender offers with respect to securities subject to registration under the Securities Exchange Act to file such information with the Securities and Exchange Commission as it may require comparable to that required in an application to register a security.

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