United States · United States Congress · 14 December 1982
Expresses the sense of the House of Representatives that more money should be made available for jobs and programs in socially productive industries by reducing the amount of tax dollars spent on nuclear weapons, foreign military intervention, and wasteful military programs. Endorses the Jobs with Peace Week of April 10 through April 16, 1983.
United States · United States Congress · 8 December 1982
Constitutional Amendment - Authorizes the Congress and the States to regulate contributions and expenditures in Federal and State elections, respectively.
United States · United States Congress · 29 November 1982
Establishes the Commission on the Bicentennial of the United States Constitution. Requires the Commission to: (1) plan and develop appropriate activities to commemorate the bicentennial of the Constitution; (2) encourage private organizations, and State and local governments to organize and participate in bicentennial activities; (3) coordinate activities throughout all the States; and (4) serve as a clearinghouse for the collection and dissemination of bicentennial information. Directs the Commission to seek assistance from private and governmental agencies and organizations. Requires the Commission to submit a report of its recommendations to the President, Congress and the Judicial Conference within two years of enactment of this Act and annually until its termination. Terminates the Commission on December 31, 1989. Authorizes appropriations for FY 1983 and such sums as necessary through FY 1989.
United States · United States Congress · 12 August 1982
States that the United States and the Soviet Union should: (1) pursue a complete halt to the nuclear arms race; (2) decide when and how to achieve a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) give special attention to destabilizing weapons; and (4) proceeding from this freeze, pursue major, mutual, and verifiable reductions in nuclear warheads, missiles, and other delivery systems.
United States · United States Congress · 11 August 1982
Balanced Monetary Policy Act of 1982 - Amends the Federal Reserve Act to require the Board of Governors and the Federal Open Market Committee of the Federal Reserve System to establish yearly targets for long-term interest rates, and for money and credit aggregates. Requires the Board and the Federal Open Market Committee to take necessary actions to assure that such targets are achieved, on average, on an annual basis. Requires a written report to specified Congressional committees if such targets cannot or should not be achieved because of unfavorable economic conditions. Requires the Board of Governors to transmit specified information to Congress biannually. Requires the Board to announce publicly changes in objectives and plans at the time those changes are determined. Requires the President to state for the System's record the administration's position on each vote on monetary policy taken by the Board and by the Federal Open Market Committee.
United States · United States Congress · 29 July 1982
States that the President, at the earliest possible date, should: (1) request Senate consent to ratification of the Threshold Test Ban and Peaceful Nuclear Explosion Treaties; and (2) resume trilateral test ban treaty negotiations.
United States · United States Congress · 28 July 1982
Prohibits the Secretary of Labor from promulgating regulations changing: (1) the conditions for employment of 14 and 15 year-old children; and (2) existing regulations governing full-time student employment at subminimum wages.
United States · United States Congress · 28 July 1982
Declares that the presidential certification submitted to the Congress with respect to sending military aid to El Salvador is void. Directs the President to immediately suspend such assistance. Requires the suspension to remain in effect during FY 1982 and 1983. Prohibits the President from making another such certification until Congress enacts a joint resolution declaring that El Salvador has met specified conditions.
United States · United States Congress · 22 July 1982
Expresses the concern of the House of Representatives in the preservation and restoration of Rhodes Tavern in Washington, D.C. Encourages preservation and restoration efforts by the National Trust for Historic Preservation, the National Capitol Planning Commission, the Commission of Fine Arts, the mayor and city council, and other interested organizations.
United States · United States Congress · 15 July 1982
Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.
United States · United States Congress · 14 July 1982
Constitutional Amendment - Declares that equality of rights under the law shall not be denied or abridged by the United States or any State on account of sex.
United States · United States Congress · 23 June 1982
States that the United States and the Soviet Union should begin the strategic arms reduction talks (START), which should have the following objectives: (1) pursuing a complete halt to the nuclear arms race; (2) deciding when and how to achieve and pursue a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) giving special attention to destabilizing weapons; (4) preserving present limitations and controls on current nuclear weapons and delivery systems; and (5) incorporating ongoing negotiations in Geneva on land-based intermediate-range nuclear missiles into the START negotiations. Declares that the United States shall try to reach a common position with the North Atlantic Treaty Organization allies on any agreement that would be inconsistent with existing U.S. commitments to those allies. Declares that the United States shall promptly approve the SALT II agreement if adequate verification capabilities are maintained.
United States · United States Congress · 23 June 1982
Constitutional Amendment - Allows Congress to enact laws regulating the amounts of contributions and expenditures intended to affect congressional elections.
United States · United States Congress · 16 June 1982
Fewer-Mergers, Stronger Small Business Act of 1982 - Imposes an additional income tax on corporations who are parties to a merger involving a large corporate acquisition. Defines "large corporate acquisition" as the acquisition during a year of a controlling interest in another corporation if one of the corporation's gross income exceeds $200,000,000 and the other corporation's gross income is at least $10,000,000. Exempts acquisitions of insolvent corporations from such tax. Establishes in the treasury the Small Business Trust Fund. Appropriates to such fund taxes collected from large corporate acquisitions. Specifies that such fund shall be used for the small business innovation research project of the National Science Foundation and to lower the social security payroll tax on employers of 500 or less.
United States · United States Congress · 16 June 1982
Truth in Merger Economics Act - Amends the Internal Revenue Code to prohibit the filing of a consolidated return by a corporation that has been a member of an affiliated group for less than 36 months. Requires the recognition of gain by a corporation on the distribution of property in liquidation of large corporations. Provides that distributions shall be treated as in liquidation of a large corporation if the liquidated corporation was a large corporation or controlled by a large corporation or if 50 percent of the distributed assets were acquired by a large corporation. Defines "large corporation" as a publicly traded corporation whose outstanding stock is worth $100,000,000 or more, or a private corporation whose net worth is $100,000,000 or more. Increases the holding period requirement for stock for nonrecognition of gain in the case of certain distributions of appreciated property in redemption of stock. Disallows such nonrecognition in certain circumstances.
United States · United States Congress · 15 June 1982
Federal Capital Investment Budget Act of 1982 - Amends the Budget and Accounting Act, 1921 to require the President to include with each Budget submitted on or after January 1, 1983, a special analysis, for the ensuing fiscal year which shall identify and summarize for each function, category, agency, and program of appropriation and expenditure in the Budget the amount of appropriations and expenditures which may be classified as public infrastructure investments. Sets forth other information to be included in such analysis. Requires the President also to include with each Budget, on or after January 1, 1984, a capital investment budget which shall identify by State the amount of appropriations and expenditures classifiable as public infrastructure investments. Declares that any appropriation or expenditure shall be classified as a public infrastructure investment to the extent that it will be used for the construction, rehabilitation, or repair of any civilian public facility in the United States. Amends the Public Works and Economic Development Act of 1965 to require the Economic Development Administration to prepare an inventory of civilian public facilities in the United States and an assessment of their physical condition. Requires the Secretary to make a report of such inventory and assessment to Congress not later than January 1, 1984, and to update such report annually.
United States · United States Congress · 19 May 1982
Declares that the United States and the Soviet Union should begin negotiating to create an exchange for peace program to provide an ongoing country-to-country exchange of individuals aged 15 through 19.
United States · United States Congress · 12 May 1982
Expresses the sense of the Congress that: (1) the President should direct the appropriate agencies to pursue vigorously and conclude promptly the countervailing duty and antidumping investigations being conducted under the Tariff Act of 1930 and the Trade Act of 1974 concerning foreign trade practices involving carbon steel mill products and specialty steel mill products; and (2) the Congress should consider legislation to strengthen U.S. trade laws if necessary.
United States · United States Congress · 4 May 1982
Net Worth Guarantee Act - Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to permit the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board and the National Credit Union Administration Board to guarantee the net worth of qualified insured institutions. Requires that, to qualify for a guarantee, an institution's net worth be less than two percent of its assets, that it have losses in at least two consecutive quarters, and that at least 20 percent of its loans and investments be in mortgages secured by or securities backed by residential real estate. Requires that an institution use at least 60 percent of its annual net new deposits to issue mortgages which meet specified criteria. Sets forth a formula for determining the amount of any such guarantee. Permits additional guarantees of net worth after a two year period if the certified continued earnings losses are caused by general market conditions and not by the actions of the institution. Requires a qualified institution, when its net worth reaches three percent of its assets, to begin to reduce the amount of guarantees received. Declares that the total annual reduction of guarantees of net worth received by such institution shall not be less than 50 percent of the net income, after taxes, of such bank for the year involved. Declares that outstanding guarantees of net worth provided by the Corporation shall be backed by the Net Worth Guarantee Account established by this Act. Establishes in the Treasury of the United States a Net Worth Guarantee Account which shall be used for the required payment of any guarantee of net worth issued pursuant to this Act. Limits the total amount of guarantees of net worth issued under this Act at any time to $8,500,000,000. Declares that no guarantee of net worth may be issued after Deptember 30, 1984. Requires the Federal Home Loan Bank Board, the Board of Directors of the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board to make quarterly reports to each House of Congress specifying the types and amounts of guarantees of net worth provided to each depository institution and the conditions imposed on each such institution. Requires the Comptroller General to conduct semiannual audits of each guarantee of net worth and of the Net Worth Guarantee Account and transmit such report to Congress.
United States · United States Congress · 4 May 1982
Expresses congressional approval of the 1979 strategic arms limitation agreement between the Soviet Union and the United States (SALT II). Directs the President to transmit to the Soviet Union the necessary instruments of ratification.
United States · United States Congress · 22 April 1982
Amends the African Development Fund Act to authorize the U.S. Governor of the Fund to contribute a specified amount to the third replenishment of the Fund. Authorizes appropriations.
United States · United States Congress · 20 April 1982
Amends the Credit Control Act to repeal the provision of such Act which would terminate credit control authority on June 30, 1982. Permits the President to authorize the Board of Governors of the Federal Reserve System to regulate and control any or all extensions of credit whenever necessary or appropriate to reduce high levels of unemployment in any sector of the economy, or to prevent or control inflation or recession. Permits the Board, after receiving such Presidential authorization, to prescribe limitations with respect to credit for nonproductive purposes.
United States · United States Congress · 20 April 1982
Expresses the sense of the House of Representatives that neither the President nor Congress should impose import fees on crude oil or refined petroleum products.
United States · United States Congress · 6 April 1982
Amends the Internal Revenue Code to increase from $10,000 to $15,000 the limitation on the income tax deduction for interest paid or accrued on investment indebtedness for individuals who invest in a corporation or partnership and who control such corporation or partnership through an employee ownership plan.
United States · United States Congress · 1 April 1982
Amends the Internal Revenue Code to set forth special temporary rules for the taxation of life insurance companies for 1982 and 1983. Revises provisions relating to policies reinsured under modified coinsurance contracts. Specifies that prescribed policy and other contract liability requirements shall not include interest payable after enactment of this Act by a reinsured to a reinsurer in connection with a coinsurance contract. Revises the method of computing the tax deductions for: (1) dividends to policyholders; (2) certain nonparticipating contracts; and (3) certain accident, health insurance, and group life insurance plans. Revises the method of determining adjusted life insurance reserves. Revises the method of computing the policyholder's share of investment yield, life insurance company taxable income, and net capital gain for companies filing consolidated returns. Specifies that the above method shall not apply to certain contract computations in effect before 1982. States that the determination for taxable years before 1982 as to whether a contract is a coinsurance contract shall be made solely by reference to the terms of the contract.
United States · United States Congress · 1 April 1982
Expresses the sense of the House of Representatives that: (1) the Secretary of the Interior should refrain from issuing mineral leases in wilderness areas and lands under formal consideration for wilderness designation; (2) any Federal official who proposes to issue a mineral lease in such an area should provide prior notice to Congress in order to allow congressional prohibition of such lease; (3) additions to the Wilderness System should proceed expeditiously but without arbitrary deadlines; (4) lands under formal consideration for wilderness designation should be managed to preserve their wilderness character; and (5) Federal land management agencies should consider wilderness values in making land management decisions and recommendations.
United States · United States Congress · 31 March 1982
Bank Export Services Act - Amends the Bank Holding Company Act of 1956 to permit bank holding companies to invest in shares of any export trading company whose acquisition or formation by a bank holding company has been approved by the Board of Governors of the Federal Reserve System. Limits the investments in such shares to not more than five percent of the bank holding company's consolidated capital and surplus. Prohibits the name of the export trading company involved from being similar in any respect to the name of the bank holding company which owns any of its voting stock or other evidences of ownership. Amends the Federal Reserve Act to permit corporations organized for international or foreign banking, with the approval of the Board of Governors of the Federal Reserve System, to purchase and hold stock or other certificates of ownership in such an export trading company. Prohibits such an investment from exceeding 25 percent of the corporation's own capital and surplus. Permits an export trading company to engage in or hold shares of a company engaged in the business of underwriting, selling, or distributing securities in the United States only to the extent that the corporation may do so under applicable Federal and State banking law and regulations. Prohibits such an export trading company from engaging in manufacturing or agricultural production activities. Raises the ceiling on the aggregate amount of not-fully-secured acceptances which a depository institution and any Federal or State branch or agency of a foreign bank can create with respect to the importation, exportation, or domestic shipment of goods. Increases such limitation from one-half to 150 percent of the capital stock or, with the Federal Reserve Board's permission, twice the amount of the capital stock. Limits the aggregate acceptances growing out of domestic transactions to not more than 50 percent of the aggregate of all acceptances. States that such limitations do not apply to any acceptance which is issued by an institution and which is covered by a participation agreement from other banks or regulated corporations. Repeals the requirement that shipping documents be attached to acceptances arising from the domestic shipment of goods.
United States · United States Congress · 29 March 1982
Authorizes the President to designate April 4, 1982, as the National Day of Reflection. Notes that such date coincides with the 80th birthday of Rabbi Menachem Mendel Schneerson, head of the Lubavitch movement.
United States · United States Congress · 17 March 1982
States that the United States and the Soviet Union should begin the strategic arms reduction talks (START) with the following objectives: (1) preserving present controls on current nuclear weapons and nuclear delivery systems while pursuing substantial, equitable, and verifiable reductions; (2) seeking methods of avoiding the testing and deployment of destabilizing nuclear weapons; and (3) incorporating the ongoing negotiations on land-based intermediate-range nuclear missiles into the START negotiations.
United States · United States Congress · 16 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 15 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 11 March 1982
States that the United States and the Soviet Union should: (1) pursue a complete halt to the nuclear arms race; (2) decide when and how to achieve a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) give special attention to destabilizing weapons; and (4) proceeding from this freeze, pursue major, mutual, and verifiable reductions in nuclear warheads, missiles, and other delivery systems.
United States · United States Congress · 10 March 1982
States that the United States and the Soviet Union should: (1) pursue a complete halt to the nuclear arms race; (2) decide when and how to achieve a mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles, and other delivery systems; (3) give special attention to destabilizing weapons; and (4) proceeding from this freeze, pursue major, mutual, and verifiable reductions in nuclear warheads, missiles, and other delivery systems.
United States · United States Congress · 3 March 1982
Home Recording Act of 1982 - Amends the copyright law to exempt from liability for infringement of copyright any individual who makes a single video recording of a motion picture or other audiovisual work, or a single audio recording of a musical work or sound recording, in his private home solely for the private use of his household. Requires the compulsory licensing of manufacturers and importers of video and audio recording devices and media. Directs the Chairman of the Copyright Royalty Tribunal to establish royalty fees to be paid by such manufacturers and importers. Sets forth a procedure for distributing such fees to the owners of copyright of audiovisual works included in television or radio transmissions or sold to the public on phonorecords. Sets forth penalties for violations of these requirements.
United States · United States Congress · 24 February 1982
Homeowners' Emergency Relief Act of 1982 - Amends the Emergency Housing Act of 1975 to direct the Secretary of Housing and Urban Development to make emergency mortgage relief payments for certain mortgagors when, for three consecutive months, the amount of delinquent mortgage loans exceeds a specified percentage of the amount of all mortgage loans accounted for in the mortgage delinquency series maintained by the Federal Home Loan Bank Board. Directs the Board to submit delinquency information to the Secretary and Congress monthly. Provides for the discontinuation and resumption of such assistance program depending on such delinquency rate condition. Lists conditions for assistance eligibility which include requirements that: (1) the mortgage is not federally insured under title II of the National Housing Act; (2) the mortgagor has suffered a substantial reduction in income as a result of circumstances beyond the mortgagor's control which render the mortgagor unable to make full mortgage payments; and (3) the Secretary has determined that assistance is necessary to avoid foreclosure and that it is likely that the mortgagor will be able to resume full mortgage payments within 24 months, commence repaying such assistance at a designated time, and pay the mortgage in full by its maturity date. Limits: (1) the amount of mortgage assistance payments to an amount necessary to supplement the amount the mortgagor is capable of contributing; and (2) the length of such payments to 12 months plus any period of default, with a 12-month extension authorized. Directs the Secretary to establish procedures for the periodic review of the mortgagor's financial circumstances to determine whether such payments should be terminated or adjusted. Declares that all assistance payments shall be secured by a lien on the property and repayable on terms prescribed by the Secretary. Sets forth the authority of the Secretary to recapture such assistance. States that a previously assisted mortgagor shall be eligible for renewed assistance only if such mortgagor has made full mortgage payments for at least 12 months after the previous assistance was terminated. Limits the aggregate amount of assistance the Secretary is authorized to provide over the duration of assistance contracts. Prohibits the Secretary from entering such contracts after September 30, 1983. Requires the Secretary and specified agencies to waive or relax limitations pertaining to the operations of certain mortgagees and financial institutions with respect to mortgage delinquencies in order to encourage forebearance in residential mortgage loan foreclosure. Requires the Secretary to report to Congress every 60 days prior to October 1, 1983, on: (1) the rate of delinquencies and foreclosures in various housing markets; (2) the prospects of voluntary forebearance by mortgagees in such areas; (3) Government actions to encourage such forebearance and to provide assistance under this title; and (4) the default status of mortgages on multifamily properties with recommendations on remedying and avoiding such defaults. Directs the Secretary to study, and report to Congress on, the use of alternative mortgage delinquency series under this title.
![Official portrait of Rep. Reuss, Henry S. [D-WI-5]](https://www.congress.gov/img/member/r000165_200.jpg)