United States · United States Congress · 25 March 1981
State and Local Government Financing Reform Act of 1981 - Excludes from the Federal law limiting and restricting the corporate powers of national banking associations to deal in and underwrite investment securities, specified dealings in and underwriting of all other nongeneral obligations issued or guaranteed by or on behalf of a State or any political subdivision thereof (except special assessment obligations and industrial revenue bonds) which are at the time eligible for purchase by a national bank for its own account, subject to specified limitations. Requires the Secretary of the Treasury to submit an annual report to the Congress showing the extent to which the business of underwriting and dealing in State and local obligations is being carried on by commercial banks as compared with other banking institutions with a view to determining the effect of the provisions of this Act on the institutional distribution of such business.
United States · United States Congress · 18 March 1981
Title I: International Development Association - Amends the International Development Association Act to authorize the U.S. Governor to pay a specified sum as the U.S. contribution to the sixth replenishment of the Resources of the Association, subject to obtaining the necessary appropriations. Title II: African Development Bank - African Development Bank Act - Authorizes the President to accept membership for the United States in the African Development Bank. Provides for the appointment of a Governor and an Alternate Governor of such Bank. Makes U.S. participation in such Bank subject to the National Advisory Council on International Monetary and Financial Problems. Prohibits unauthorized: (1) subscriptions to additional shares in such Bank; (2) agreements increasing U.S. obligations or modifying the purpose of such Bank; or (3) financing for such Bank. Requires any Federal Reserve bank to act as the Bank's depository at the request of such Bank. Specifies the shares of such Bank to which the President is authorized to subscribe. Sets forth venue and jurisdiction provisions for such Bank. Exempts such Bank's obligations from specified limitations on underwriting investment securities and for purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934. Requires such Bank to file reports as determined appropriate by the Securities and Exchange Commission. Authorizes the Commission to suspend the exemptions from the Securities laws. Directs such Bank to carry out U.S. policies concerning human rights and the development of light capital technologies. Makes U.S. citizen representatives to such Bank eligible for civil service benefits. Title III: International Bank for Reconstruction and Development and Asian Development Bank - Amends the Bretton Woods Agreements Act and the Asian Development Bank Act to provide that any subscription to additional shares of such Banks shall only be effective to the extent as provided in advance in appropriation Acts (presently, may be made only after the necessary amount has been appropriated). Title IV: Inter-American Development Bank and Asian Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor to contribute a specified sum to the Fund for Special Operations subject to obtaining the necessary appropriations. Authorizes specified sums to be appropriated for the U.S. subscription to the Bank's capital stock and for the U.S. contribution to the Fund for Special Operations. Amends the Asian Development Bank Act to authorize the U.S. Governor to contribute a specified sum to the Asian Development Fund subject to obtaining the necessary appropriations. Authorizes a specified sum to be appropriated to pay such contribution. Title V: Effective Date and Availability of Funds - Stipulates that authorized funds are not available for obligation prior to October 1, 1981.
United States · United States Congress · 18 March 1981
Amends the Bretton Woods Agreements Act to authorize the U.S. Governor of the International Bank for Reconstruction and Development to: (1) vote to increase the authorized capital stock of the Bank; and (2) subscribe on behalf of the United States to a certain number of shares subject to obtaining the necessary appropriations. Authorizes appropriations to pay for such subscription.
United States · United States Congress · 3 March 1981
Authorizes appropriations in the amount of $1,500,000 to the city of Atlanta, Georgia, for law enforcement expenses with respect to the recent murders of children.
United States · United States Congress · 5 February 1981
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that disability insurance benefits for an individual having a terminal illness shall begin with the first month during which such individual has such illness.
United States · United States Congress · 3 February 1981
Presidential Nomination Commission Resolution - Establishes the Commission of Presidential Nominations to make an investigation regarding the presidential nominating process. Directs the Commission to report to the President and Congress respecting such investigation including recommendations for the 1984 presidential elections. Terminates the commission 60 days after submission of such report. Sets forth the powers of such Commission, and related administrative provisions. Authorizes necessary appropriations.
United States · United States Congress · 29 January 1981
Amends the Foreign Assistance Act of 1961 to prohibit the furnishing of certain military aid under such Act to El Salvador. Prohibits extending credits, guaranteeing loans, making sales, and issuing export licenses to El Salvador under the Arms Export Control Act.
United States · United States Congress · 28 January 1981
Civil Rights Amendments Act of 1981 - Amends the Civil Rights Act of 1964 to prohibit discrimination on the basis of affectional or sexual orientation. Stipulates that this Act shall not be construed to permit a finding of discrimination based on statistical differences or the fashioning of any remedy requiring a quota.
United States · United States Congress · 23 January 1981
Directs the Administrator of Veterans' Affairs to consider the National Service Life Insurance policy of a named individual as valid on and after the date of his death.
United States · United States Congress · 22 January 1981
Authorizes the President to present on behalf of the Congress specially struck gold medals to fifty-three individuals held hostage in the United States Embassy in Iran. Directs the Secretary of the Treasury to: (1) strike fifty-three gold medals with suitable emblems, devices and inscriptions; and (2) coin and sell bronze duplicates of such medals. Authorizes appropriations.
United States · United States Congress · 22 January 1981
Declares that any records of the House of Representatives, or of any House committee, which were made public prior to their transfer to the General Services Administration, may be made available for public use. Provides that any other records shall not be available to the public for 20 years, or in the case of investigative files, for 50 years. Authorizes House committees to prescribe different timetables for the disclosure of their records. Stipulates that this resolution does not authorize public disclosure of any record where such disclosure is prohibited by law or Executive Order. Authorizes the clerk of the House to prohibit or restrict public disclosure of any transferred record, other than House committee records, upon the determination that such disclosure would not be in the public interest.
United States · United States Congress · 16 January 1981
Amends the Fair Labor Standards Act of 1938 to prohibit the employment of any blind person, or person with impaired sight, at less than the applicable minimum wage under such Act.
United States · United States Congress · 6 January 1981
Regulatory Procedure Act of 1981 - Title I: The Analysis, Management, and Organization of Agency Functions - Requires the head of each Federal agency to publish for each proposed major rule a preliminary regulatory analysis which describes: (1) the need for the rule; (2) the reasonable alternative approaches; (3) regional differences; (4) the projected benefits, adverse economic effects, and effectiveness of the proposed rule and alternatives; and (5) the advantages and disadvantages of adopting performance standards rather than design standards. Requires that each agency publish for each final major rule a final regulatory analysis which includes: (1) an explanation of the selection of the rule considering its adverse economic effects; (2) a summary of the significant issues raised by public comments; and (3) the total costs to the agency of the preliminary and final regulatory analysis. Directs each agency to: (1) include in the notice of each proposed and final major rule, instructions of how the public may obtain copies of such analyses; and (2) send a copy of such analyses to the Office of Management and Budget (OMB). Authorizes an agency to delay completing such analyses by publishing a finding that the rule is being adopted in response to an emergency that makes completion of such analyses impossible. Terminates any such emergency rule if such analyses are not completed within 180 days of the publication of the rule. Bars judicial review of such regulatory analyses. Requires the Director of OMB and the Comptroller General to report to Congress on agency compliance with the requirements of this title. Requires each agency to publish in the Federal Register, semiannually, a regulatory agenda containing a list of major and other rules for the next year and certain specified information concerning such rules. Directs each agency to submit its proposed major rules to the President for incorporation into a semiannual Calendar of Federal Regulations. Requires the Director of OMB to review and publish a list of rules submitted which potentially duplicate or conflict with other proposed or existing rules. Directs each agency: (1) include in the notice of a rulemaking or adjudicatory proceeding the date by which the agency intends to complete such proceeding; and (2) to prepare and publish in the first regulatory agenda of the year a report on such proceedings which includes the number of proceedings the agency failed to complete by the established deadline and the reasons for such failure. Requires that such report also disclose specified information concerning the use of funds by the agency for procuring services for the preparation of any report in connection with such a proceeding. Requires each agency, within 6 months of the effective date of this Act, to: (1) establish an office, within such agency, to be responsible for regulatory planning and management; (2) issue guidelines for determining which rules are significant rules; and (3) issue guidelines to insure that an adopted major or significant rule meets certain criteria including requirements that: (a) the rule is written to be easily understood; (b) there has been full consideration with affected State and local governments; and (c) the public has been given a full opportunity to participate in the rulemaking process. Requires that each agency submit to OMB and publish in the Federal Register a draft schedule for the review, over a ten-year period, of its major rules and practices. Sets forth guidelines for such review. Directs each agency to publish a final review schedule within one year. Requires that each agency announce the review date for each major rule upon its publication. Requires each agency to publish an assessment of each precept reviewed. Declares that such review requirements shall not apply to any rule or practice involving the internal revenue laws of the United States. Title II: Reorganizing and Improving Agency Proceedings - Requires that the general notice of a proposed rule include: (1) a statement that the agency seeks proposals from the public of alternative methods; and (2) a statement of where the file of the rulemaking proceeding may be inspected or how file copies may be obtained. Subjects rules concerning public property, loans, grants, benefits, or contracts to notice and comment rulemaking procedures. Directs each agency to maintain a file of each rulemaking proceeding. Requires each agency to transmit semiannually to the appropriate Congressional committees an agenda listing all areas in which the agency intends to propose major rules during the following year. Directs each agency to transmit a copy of each final rule to each House of Congress and to such committees on the day the rule is published. Prohibits the rule from becoming effective: (1) until 30 days after it is received by such committees; (2) until the earlier of the expiration of 60 days after the date on which a committee reports a resolution disapproving the rule or the date on which such resolution is rejected; or (3) if such a resolution is enacted. Exempts from such time constraints any major rule promulgated in response to an emergency situation. Prohibits an agency from promulgating a new rule substantially the same as a disapproved rule. Requires agencies to respond in an appropriate manner to good faith requests from interested persons for interpretations of agency rules. Creates a new procedure for administrative proceedings required by statute. Establishes an "expedited procedure" which applies to any proceeding predominantly concerning policy issues of a general character, including rulemaking and initial licensing. Requires "trial-type procedures" for proceedings which predominantly concern specific factual questions, including proceedings to assess a civil penalty or fine or to determine a claim for certain individual benefits. Directs the agency to conduct a hearing in such a proceeding to afford parties an opportunity to submit written data, arguments, and responses, and, at the request of any party, an opportunity for oral argument. Requires the presiding employee to designate a disputed question for formal cross-examination upon determining, at the conclusion of the hearing, that there is a substantial dispute of fact which can be resolved sufficiently only by formal cross-examination and upon which the decision of the agency is likely to depend. Sets forth procedures for issuing subpoenas in formal proceedings under the expedited or trial-type procedures. Enumerates the powers and responsibilities of a presiding employee at proceedings under trial-type procedure. Allows an agency to designate an appropriate employee to recommend a decision for a proceeding under expedited procedure when the presiding employee submits the record of the proceeding without a recommended decision. Authorizes each agency to establish employee boards to review the decisions of presiding employees. Directs each agency to specify conditions under which it will accept an appeal of a decision of a presiding employee or such a board, and the conditions under which it will exclude a decision from the jurisdiction of a review board. Requires an action to be brought in the U.S. Court of Appeals for the review of an agency rule for which there is no applicable special statutory review procedure. Prohibits a court reviewing an agency action involving a rule from making any presumption in favor of or against the agency action. Requires such court to determine the agency's jurisdiction on the basis of the language of the authorizing statute or other evidence of legislative intent.
United States · United States Congress · 6 January 1981
Board of Governors Modernization Act of 1981 - Amends the Federal Reserve Act to eliminate the Federal Open Market Committee and to place authority for the conduct of open-market operations in the Board of Governors of the Federal Reserve System. Requires the Board of Governors to consult fully with the twelve Presidents of the Federal Reserve District Banks on open market operations.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to permit taxpayers who do not itemize income tax deductions to claim a deduction from gross income for charitable contributions.
United States · United States Congress · 5 January 1981
Declares it the public policy of the United States to prohibit the manufacture, sale, and use of leg-hold and steel-jaw traps in the United States and abroad. Prohibits the shipment in interstate or foreign commerce of fur or leather products from animals trapped in a State or foreign country which has not banned such traps. Requires the Secretary of Commerce to publish a list of States and foreign countries which have not banned such traps. Sets forth penalties for violations of this Act.
United States · United States Congress · 5 January 1981
Sunset Review Act of 1981 - Requires the House Committee on Rules and the Senate Committee on Rules and Administration to jointly develop and maintain an inventory of all Federal programs and tax expenditures. Requires such inventory to classify all such programs and expenditures according to the jurisdiction of the various legislative committees of the two Houses. Requires the General Accounting Office (GAO), before the beginning of the 98th Congress, after consultation with the appropriate legislative committees and the Congressional Budget Office, to submit a draft inventory to the House Committee on Rules and the Senate Committee on Rules and Administration. Requires such Committees to notify each legislative committee of the programs and tax expenditures which are classified within its jurisdiction. Allows any legislative committee to propose revisions of such inventory within 30 days after notification. Requires that such inventory be published in a single document. Requires that an update be made of such inventory at the beginning of every Congress. Specifies information to be contained in such an inventory. Directs the GAO to publish a supplement to such inventory which includes certain budget information. Requires each legislative committee of the House of Representatives and the Senate, by a specified date, to report a resolution setting forth an agenda for the sunset review of selected Federal programs within its jurisdiction, or, in the case of the House Committee on Ways and Means and the Senate Committee on Finance, of selected tax expenditures. Directs the committees of each House to develop their sunset review agenda in consultation with any other committee which has concurrent jurisdiction over any programs or tax expenditures involved. Requires, where practicable, that related programs and expenditures be reviewed during the same Congress. Requires the report accompanying any agenda reported in the 104th Congress and every fifth Congress thereafter to summarize the programs and expenditures reviewed and not reviewed during the five previous Congresses. Prohibits either the House or the Senate from considering a primary expense resolution for any legislative committee in any Congress until that committee has developed and submitted its sunset review agenda. Requires the House Committee on Rules and the Senate Committee on Rules and Administration to incorporate such agendas into a consolidated sunset review agenda and to report such consolidated agenda to its House in the form of a concurrent resolution, within seven legislative days after all committee sunset review agendas have been submitted. Requires the consolidated sunset review agenda to be adopted in the House and in the Senate no later than March 30 in the first session of each Congress. Sets forth the procedures for the consideration and adoption of such agenda. Requires each committee of the House or the Senate, not later than May 15 in the second session of each Congress, to report a bill or bills modifying, continuing, or terminating each program or tax expenditure which it has been directed to review under the consolidated sunset review agenda adopted during the first session. Requires such bill to be accompanied by a report. Requires each department, agency, and instrumentality in the executive branch of the Government which is responsible for the administration of a Federal program or tax expenditure selected for sunset review to provide the appropriate Congressional committees with its views, information, and assistance. Directs the Comptroller General to supply specified information on audits. Exempts foreign intelligence or counterintelligence programs designated by the President as requiring protection from unauthorized disclosure. Directs the Permanent Select Committee on Intelligence of the House and the Select Committee on Intelligence of the Senate to review such programs pursuant to the spirit of this Act. Amends rule X of the Rules of the House of Representatives to include the consolidated sunset review agendas and the Congressional inventory of Federal programs as part of the House Committee on Rules' functions.
United States · United States Congress · 5 January 1981
Nondiscrimination in Insurance Act - Prohibits discrimination on the basis of race, color, religion, sex, or national origin in the consideration of applications for, or the granting of, insurance policies and the terms of such policies. Permits insurers who regularly provide insurance solely to persons of a single religious affiliation to continue to do so. Grants to State or local governments having insurance discrimination laws the primary opportunity to enforce this Act. Permits an aggrieved person to file a civil action in State or Federal court against an insurer, if a State or local authority which has received notice of a complaint fails to act within 60 days or with respect to those authorities not having insurance discrimination laws. Authorizes the Attorney General to bring a civil action in district court when there is reasonable cause to believe that a person or group is engaged in a pattern or practice of resistance to the rights granted by this Act and that such denial raises an issue of general public importance.
United States · United States Congress · 5 January 1981
Establishes a Commission on More Effective Government to study and recommend ways of promoting economy, efficiency, and improved service within the Executive branch of Government. Directs the Commission to recommend methods to improve the relationship between Federal, State, and local governments. Directs the Commission to submit a final report to the Congress ten days after the Ninety-eighth Congress convenes. Terminates the Commission 90 days after such date. Authorizes appropriations.
United States · United States Congress · 1 October 1980
Authorizes the Secretary of the Interior to acquire by donation from Georgia the property of Franklin Roosevelt located in Meriwether County for the establishment of the Franklin Delano Roosevelt-Warm Springs National Historic Site. Authorizes the Secretary to restore and interpret such site. Directs the Secretary to enter into cooperative agreements with Georgia to assist in the restoration and interpretation of property outside such site that is owned by Georgia and to construct structures to enhance such site's historic and rehabilitative qualities. Directs the Secretary to develop and transmit to specified congressional committees a general management plan for such site and a report on further developing facilities and establishing programs for the rehabilitation of the physically disabled within such site and adjoining State-owned property.
United States · United States Congress · 8 September 1980
National Trails System Act Amendments of 1980 - Amends the National Trails System Act to declare that it is a purpose of such Act to encourage and assist citizen involvement in the development and management of trails. Specifies that national scenic trails may be located so as to include, but need not be limited to, desert, marsh, grassland, mountain, canyon, river, or forest areas, as well as landforms which exhibit significant characteristics of the physiographic regions into which the Nation is divided. Allows additional trail segments subsequently protected within Federal project boundaries to be established as trail components. Designates the following as national scenic and historic trails: (1) Ice Age National Scenic Trail; (2) Santa Fe National Historic Trail; (3) Chisholm, Shawnee, and Western Historic Trails; (4) Potomac Heritage National Scenic Trail; (5) Natchez Trace National Scenic Trail; and (6) Florida National Scenic Trail. Directs the Secretary of the Interior and the Secretary of Agriculture, where lands administered by either of such Secretaries are involved, to submit specified studies concerning the suitability of trail designations not later than two fiscal years from the date of the addition of such trails to the national scenic or historic trails. Directs the Secretary, if during the course of such study it is determined that it is not feasible to develop a national scenic or national historic trail along the proposed route and that there is no significant need for such trail, to submit a report containing such determination to specified Congressional committees. Directs that the following trails be studied for consideration for designation as national scenic trails: (1) the Goodnight and Goodnight-Loving Trails in the States of New Mexico, Wyoming, Texas, and Colorado; (2) the Juan Bautista de Anza Trail in the State of California; (3) the Trail of Tears in the States of North Carolina, Georgia, Alabama, Tennessee, Kentucky, Illinois, Missouri, Arkansas, and Oklahoma; (4) the Illinois Trail in the State of Illinois; and (5) the Jedediah Smith Trail in the States of Wyoming, California, Utah, Washington, and Oregon. Requires a report to specified Congressional committees by the appropriate Secretary concerning a comprehensive management plan for a designated national historic trail pursuant to such Act to include: (1) an acquisition or protection plan, by fiscal year, for any high potential trail routes or high potential historic sites; and (2) general and site-specific development plans, including anticipated costs. Permits the appropriate Secretary, when a tract of land lies partly within and partly without a national scenic or national historic trail right-of- way, to acquire the entire tract in order to avoid the payment of severance costs, with the consent of the owner thereof. Directs each Secretary charged with the administration of any component of the National Trails System, by means of a cooperative agreement or otherwise, to undertake a systematic study of State, local, and private land use practices within the trail rights-of-way. Directs the Secretary of Transportation and the Chairman of the Interstate Commerce Commission to encourage State and local agencies and private interests to establish recreational trails. Authorizes the establishment of a volunteer action trails demonstration program to be administered by the Secretary of the Interior to encourage the planning and management by volunteers of all types of nonmotorized trails throughout the Nation. Allows the Secretary, under such program, to make grants of not more than $25,000 to certified trail groups for specified purposes and to private landowners for the construction or repair of gates, fences, bridges, or similar structures which are desirable to be built or maintained as a result of the location of a national scenic, historic, or recreation trail. Prohibits any such grant from being made to a certified trail group unless the group agrees to provide funds, or services pertaining to trails, the value of which is equal to the amount of the grant.
United States · United States Congress · 4 September 1980
Establishes the United States Holocaust Memorial Council which shall: (1) provide and encourage appropriate ways for the Nation to observe the Days of Remembrance to commemorate the holocaust; (2) plan, erect, and oversee the operation of a memorial museum to the victims of the holocaust; and (3) develop a plan for carrying out the recommendations of the report submitted to the President on September 27, 1979, by the President's Commission on the Holocaust. Authorizes the Council to receive public land in the District of Columbia on which it may erect the memorial. Terminates the Council's authority to construct a memorial if the erection of the memorial has not commenced within five years of enactment of this Act and sufficient funds to ensure completion of the memorial have not been certified to be available. Authorizes appropriations to carry out this Act.
United States · United States Congress · 27 August 1980
Amends the Internal Revenue Code and the Social Security Act to repeal the increases in social security taxes scheduled to go into effect in 1981 and 1982. Continues the tax rates for 1980 through 1984. Expresses as an objective of this Act the protection of the social security trust funds against any losses of revenue which they might otherwise sustain on account of such repeal.
United States · United States Congress · 26 August 1980
Extends from 50 years to 80 years the period for repayment of revenue bonds issued by the Saint Lawrence Seaway Development Corporation (the Corporation) to the Secretary of the Treasury. Directs the Corporation and the Secretary to make all revenue bonds outstanding on the effective date of this Act payable in equal annual amounts over the remainder of the 80 year period established by this Act.
United States · United States Congress · 18 August 1980
Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash. Amends the Right to Financial Privacy Act of 1978 to apply its provisions to the Securities and Exchange Commission, except as provided in the Securities Exchange Act of 1934. Amends the Securities Exchange Act of 1934 to authorize the Commission to obtain copies of information contained in financial records of a customer from a financial institution without prior notice to the customer upon an ex parte showing to an appropriate district court that the Commission: (1) seeks such records pursuant to a subpoena issued in conformity with the requirements of the Federal securities laws; and (2) has reason to believe that specified acts or results will occur. Requires, upon expiration of any authorized period of delay of notification, that the customer be served with a copy of the subpoena along with a specified notice which describes the nature of the investigation. Directs the Commission to compile an annual tabulation of the occasions on which the Commission obtains access to financial records of a customer as authorized under this Act and include such tabulation in its annual report to Congress. Permits a customer, following the expiration of the period of delay of notification, to reopen the proceeding in the district court. Authorizes such court to grant civil penalties against the Commission or issue injunctive relief if the Commission has obtained records in violation of this Act. Directs the Office of Personnel Management to initiate a proceeding to determine whether disciplinary action should be taken against an employee of the Commission who acted in a willful and intentional manner and without good faith with respect to the violation. Authorizes the Commission to transfer financial records to any government authority in accordance with the Right to Financial Privacy Act, but permits customer notice to be delayed upon an appropriate showing under this Act. Authorizes the Commission to obtain financial records from a financial institution or transfer such records in accordance with the Right to Financial Privacy Act of 1978.
United States · United States Congress · 25 July 1980
Securities Law Investigation Privacy Protection Act - Amends the Right to Financial Privacy Act of 1978 to apply its provisions to the Securities and Exchange Commission, except as provided in the Securities Exchange Act of 1934. Amends the Securities Exchange Act of 1934 to authorize the Commission to obtain copies of information contained in financial records of a customer from a financial institution without prior notice to the customer upon an ex parte showing to an appropriate district court that the Commission: (1) seeks such records pursuant to a subpoena issued in conformity with the requirements of the Federal securities laws; and (2) has reason to believe that specified acts or results will occur. Requires, upon expiration of any authorized period of delay of notification, that the customer be served with a copy of the subpoena along with a specified notice which describes the nature of the investigation. Directs the Commission to compile an annual tabulation of the occasions on which the Commission obtains access to financial records of a customer as authorized under this Act and include such tabulation in its annual report to Congress. Permits a customer, following the expiration of the period of delay of notification, to reopen the proceeding in the district court. Authorizes such court to grant civil penalties against the Commission or issue injunctive relief if the Commission has obtained records in violation of this Act. Directs the Office of Personnel Management to initiate a proceeding to determine whether disciplinary action should be taken against an employee of the Commission who acted in a willful and intentional manner and without good faith with respect to the violation. Authorizes the Commission to transfer financial records to any government authority in accordance with the Right to Financial Privacy Act, but permits customer notice to be delayed upon an appropriate showing under this Act. Authorizes the Commission to obtain financial records from a financial institution or transfer such records in accordance with the Right to Financial Privacy Act of 1978.
United States · United States Congress · 24 July 1980
Amends the National Trails System Act to designate a trail system of approximately 1,000 miles in the State of Wisconsin as the Ice Age National Scenic Trail.
United States · United States Congress · 26 June 1980
Amends the Internal Revenue Code to allow married individuals filing jointly an income tax deduction from gross income equal to ten percent of the earned income of the lower income spouse (or of one spouse if both incomes are the same). Limits the amount of such deduction to $1,500 for the taxable year.
United States · United States Congress · 4 June 1980
Authorizes the President to present a gold-plated medal, on behalf of the Congress, to those athletes selected through the Olympic trial process to be members of the United States Summer Olympic Team of 1980. Directs the Secretary of the Treasury to cause to be stricken 650 such medals with suitable emblems. Declares that such medals are national medals and that funds to carry out this Act shall be made available under the Amateur Sports Act of 1978.
United States · United States Congress · 22 May 1980
Title I: Export Trading Companies - Export Trading Company Act of 1980 - Directs the Secretary of Commerce to promote export trading companies and facilitate contacts between producers of exportable goods and export trading companies. Authorizes any banking organization to invest up to specified amounts in export trading companies upon notifying, but without obtaining the prior approval of, the appropriate Federal banking agency, if such investment does not cause an export trading company to become a subsidiary of such organization. Allows greater investment by Edge Act Corporations not engaged in banking. Permits any banking organization to invest beyond such limitations with the prior approval of the appropriate Federal banking agency. Requires prior notification of such agencies in specified circumstances. Sets forth further limitations on export trading companies and investments by banking organizations. Specifies factors to be taken into consideration by the banking agencies. Permits such agencies to impose conditions in approving applications to invest in export trading companies. Requires such agencies to report to the appropriate congressional committees concerning implementation of this Act and any recommendations. Provides for judicial review of denial orders in the appropriate U.S. Court of Appeals. Sets forth the grounds for disapproval. Provides for remand for further consideration by the banking agency. Directs the Economic Development Administration and the Small Business Administration to give special weight to export-related benefits when considering applications for loans and guarantees by export trading companies. Directs the Export-Import Bank of the United States to provide loan guarantees to export trading companies or exporters to be secured by accounts receivable or inventories when adequate financing is not otherwise available and such guarantees will facilitate expansion of exports. Title II: Export Trade Associations - Export Trade Association Act of 1980 - Amends the Webb-Pomerene Act to exempt the export trade, export trade activities, and methods of operation of certified export trade associations and export trading companies from the antitrust laws. Delays the effectiveness of any certificate upon the notification of the Secretary of Commerce by the Attorney General or the Federal Trade Commission (FTC) of disagreement with the decision to issue a certificate. Sets forth the procedure to be followed by any association, company, or export trading company seeking certification under this Act and by the Secretary in issuing such certificates. Provides for appeal of the Secretary's denial of certification. Authorizes the Attorney General or the FTC to bring an action to invalidate a certification. Requires the Secretary, in consultation with the Attorney General and the FTC, to publish guidelines for determining whether an association or export trading company will meet the certification requirements. Requires certified associations and export trading companies to submit annual reports to the Secretary. Directs the Secretary to establish within the Department of Commerce an office to promote export trade associations and trading companies. Provides for automatic certification of existing associations. Stipulates that all applications for certification be kept confidential with specified exceptions. Authorizes the Secretary to require an association or trading company to modify its operation to be consistent with international obligations of the United States. Directs the President to appoint, with the Senate's advice and consent, a task force seven years after enactment to examine the effect of this Act and to make recommendations. Title III: Taxation of Export Trading Companies - Amends the Internal Revenue Code of 1954 to make banking organizations which have invested in an export trading company eligible for treatment as domestic international sales corporations (DISC). Includes the gross receipts from the export of services produced in the United States and from export trade services as qualified export receipts, in the case of a DISC which is an export trading company. Directs the Secretary of Commerce, with the Secretary of the Treasury, to develop and distribute information concerning the utilization of the DISC provisions. Amends the Internal Revenue Code of 1954 to make export trading companies eligible for Subchapter S treatment if the shareholders of such companies are otherwise small business corporations. Exempts such companies from restrictions on the amount of foreign income they can receive and still be eligible for Subchapter S tax treatment.
United States · United States Congress · 14 May 1980
Authorizes and requests the President to designate the seven-day period beginning October 5, 1980, as "National Port Week." Directs the Secretary of Commerce to report annually to Congress on the conditions of U.S. public ports.
United States · United States Congress · 21 April 1980
Comprehensive Housing Development Act of 1980 - Amends the National Housing Act to increase the allowable maximum amount for mortgage assistance payments under such Act. Authorizes appropriations for such mortgage assistance payments through October 1, 1981. Authorizes the Secretary of Housing and Urban Development, under the mortgage insurance program, to insure a mortgage involving a principal obligation which exceeds, by up to ten percent, the maximum limits specified under the Act, if such mortgage relates to a dwelling to be occupied by a physically handicapped person and the additional principal reflects the cost of making the dwelling accessible to such person. Allows the Secretary, in order to prevent inflationary conditions and related governmental actions from having a severely disproportionate effect on the housing industry, to make and contract to make periodic assistance payments to mortgagees or other lenders on behalf of homeowners (including the owners of mobile homes). Terminates such authority on September 30, 1981, or at such earlier date as the Secretary may deem appropriate. Specifies that such payments may be made only on behalf of a homeowner who satisfies such eligibility requirements as may be prescribed by the Secretary. Requires a homeowner to continue to occupy the property which secures the mortgage or loan in order to receive such assistance payments. Sets forth the formula for determining the amount of such assistance payments. Allows the Secretary to include in the payment to the mortgagee or other lender such amount as the Secretary deems appropriate to reimburse the mortgagee or lender for its reasonable and necessary expenses in handling the mortgage or loan. Limits assistance payments for mobile homes to no more than 20 percent of the total number of units for which assistance is approved. Allows the Secretary, upon application by the mortgagee, to insure a mortgagor who meets the eligibility requirements for assistance payments as set forth by the Secretary. Sets forth the eligibility requirements for such insurance. Allows the Secretary to provide for graduated mortgage assistance payments, and to insure mortgages with varying rates of amortization, for not in excess of 100,000 mortgages. Extends until October 1, 1981, the authority of the Government National Mortgage Association to enter into new commitments to purchase mortgages under the interim mortgage purchase authority of the National Housing Act, as amended by the Emergency Home Purchase Assistance Act of 1974. Amends the National Housing Act to authorize appropriations to cover losses sustained by the General Insurance Fund. Allows the Secretary to make, and contract to make, periodic interest reduction payments on behalf of the owner of a multifamily rental project. Allows such payments to be made for a period of not more than 30 years to mortgagees holding mortgages secured by such project. Sets forth the formula for determining the amount of such payments. Sets forth the eligibility requirements which must be met in order to receive such payments. Requires the Secretary to provide that such payments are made only with respect to that part of the mortgage concerning the portion of the project which is used for residential purposes and only for the benefit of the families residing in such projects. Specifies that such payments may be made only to a project located within the jurisdictional boundaries of a unit of general local government which has made substantial progress in meeting its annual goals for housing for lower- income persons as specified in its housing assistance plan submitted pursuant to the Housing and Community Development Act of 1974. Requires the Secretary, in making such assistance, to give a preference to projects which have or will receive financial contributions from a State or local government which will result in lower rental charges to the families residing therein. Amends the Housing and Community Development Act of 1974 to require an applicant for grants for State and local community development programs to submit a housing assistance plan which: (1) accurately surveys the condition of housing stock in the community designed for persons who have incomes which do not exceed 150 percent of the median income for the area; (2) assesses the housing assistance needs of such person; (3) specifies a realistic goal of the number of rental dwelling units which will be provided such persons as a result of such program; and (4) indicates the general locations of such dwelling units.
United States · United States Congress · 16 April 1980
Amends the Bank Holding Company Act of 1956 to authorize the Board of Governors of the Federal Reserve System to permit any bank holding company to acquire voting shares, interests in, or assets of any additional bank located outside the State in which such company's banking subsidiaries are principally conducted. Requires the Federal Financial Institutions Examination Council to be satisfied that an emergency exists with regard to the additional bank and a transaction involving an intrastate purchaser of such bank would not be in the public interest. Directs the Board to consider the possible adverse effects of any proposed transaction upon competition or upon the concentration of resources in any State, region, or the nation. Permits the Board to dispense with notice and hearing requirements if an emergency exists requiring immediate action. Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to make loans to purchase the assets of, or make deposits in, insured banks when severe economic conditions exists which threaten the stability of insured banks in a large geographic region and such action will reduce the risk to the FDIC. Permits the FDIC to make loans or purchase assets to facilitate a merger or a sale of the assets and an assumption of the liabilities of an insured bank with or by a savings and loan association as well as another insured bank. Amends the National Housing Act to authorize the Federal Savings and Loan Insurance Corporation (FSLIC) to permit any savings and loan holding company to acquire voting shares, interests in, or assets of any additional insured institution (including Federal stock savings banks and State-chartered mutual savings bank) located outside the State in which the principal savings and loan business of such company is conducted under the same circumstances in which a bank holding company may acquire an out-of-State bank. Amends the Federal Home Loan Bank Act to authorize the Federal Home Loan Bank Board to suspend temporarily the reserve requirements and permit dividends to be paid out of existing reserves if severe economic conditions exist which threaten the stability of member institutions. Increases the aggregate principal amount of outstanding Federal Home Loan Bank obligations that may be held by the Secretary of the Treasury from $4,000,000,000 to $10,000,000,000. Amends the Home Owners' Loan Act of 1933 to authorize the Federal Home Loan Bank Board to permit the conversion of a mutual savings and loan association in receivership into a Federal stock savings and loan association or charter a Federal stock savings and loan association to acquire the assets of such an institution in receivership. Amends the Federal Credit Union Act to require the National Credit Union Administration Board to pay excess funds to the Secretary of the Treasury to be credited against any outstanding loans from the Secretary to the National Credit Union Share Insurance Fund. Authorizes the Fund to borrow from the National Credit Union Administration Control Liquidity Facility. Authorizes the Board to permit the merger or the purchase and assumption of the assets and liabilities of an insured credit union in danger of insolvency with or by any other insured credit union under similar circumstances by which holding companies may acquire out-of-State banks or savings and loans associations. Permits the Board to appoint itself as conservator and take possession and control of specified insured credit unions. Authorizes the Facility to act as an agent of the Federal Reserve System as requested by the Federal Reserve Board. Terminates the amendments made by this Act three years after enactment.
United States · United States Congress · 16 April 1980
Extends specified farm housing programs of the Farmers Home Administration under the Housing Act of 1949 through September 30, 1982. Authorizes appropriations for fiscal year 1982 for: (1) the issuance of notes and obligations for loan funds by the Farmers Home Administration; (2) loans and grants for repairs or improvements of rural dwellings and financial assistance to provide low-rent housing for domestic farm labor; (3) grants for the development of technical and supervisory assistance programs in rural areas with Federal, State, and local housing programs for low-income families; (4) loans and grants for mutual and self-help housing programs in rural areas and small towns; and (5) the Self-Help Housing Land Development Fund. Extends through fiscal year 1982 the authority of the Secretary of Agriculture to insure loans which provide rental and cooperative housing for the elderly or others of low-and moderate-income and to insure and make loans for housing and buildings on farms owned by low-or moderate-income families.
United States · United States Congress · 1 April 1980
Federal Reserve Modernization Act - -Title I: Retirement of Federal Reserve Bank Stock - Amends the Federal Reserve Act to eliminate the requirement that a bank subscribe for the stock of the Federal Reserve bank in its district in order to become a member in the Federal Reserve System. Requires that such banks receive certificates of membership which shall be retired upon termination of a bank's status as a member. Prohibits for the retirement of existing stock subscriptions over a five-year period consistent with the operation of the Federal budget and monetary control policies of the Board of Governors of the Federal Reserve System. Title II: Structural Changes in the Federal Reserve System - Eliminates the Federal Open Market Committee and places authority for the conduct of open-market operations in the Board of Governors. Requires the president of each Federal Reserve district to be the district's member on the Federal Advisory Council. Requires that each president be a bona fide resident of the district involved. Repeals the requirement that appointments to the Federal Advisory Council be approved by the Board of Governors. Directs the Federal Reserve System to conduct its affairs to foster the policies of the Employment Act of 1946 and the Full Employment and Balanced Growth Act of 1978, particularly those relating to a stable price level and on improved national economic structure. Title III: Effective Date - Sets forth the effective dates of the provisions of this Act.
![Official portrait of Rep. Reuss, Henry S. [D-WI-5]](https://www.congress.gov/img/member/r000165_200.jpg)