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United States · Official source
412 records where Rep. Sikes, Robert L. F. [D-FL-1] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 19 July 1976
Directs the Secretary of the Interior to convey without consideration designated lands in Elgin Air Force Base to the city of Niceville, Florida, for use as nonprofit cemetery.
United States · United States Congress · 1 July 1976
Names the Veterans' Administration hospital located at Archer Road, Gainsville, Florida, the "D.R. (Billy) Matthews Veterans Administration Hospital."
United States · United States Congress · 11 June 1976
Directs the Secretary of Agriculture to formulate five-year goals in specified areas of rural development and to include a detailed accounting of the progress made and anticipated in meeting such goals in an annual report to Congress. Requires in such report an analysis of the legislative, financial, institutional and other capabilities and constraints which are relevant to meeting such goals. Requires the appointment of a new Assistant Secretary of Agriculture for Rural Development within 60 days if a vacancy should occur in such position.
United States · United States Congress · 8 June 1976
Military Construction Appropriation Act - Appropriates specified sums for military construction functions administered by the Department of Defense for fiscal year 1977. Sets forth regulations and limitations on the use of funds made available under this Act.
United States · United States Congress · 8 June 1976
Consumer Communications Reform Act - States that Congress finds that the revenues from integrated interstate and foreign common carrier telecommunications services helped maintain a level of charges for telephone exchange service which is lower than otherwise would be required. Expresses the sense of Congress that the authorization of lines, facilities, or services of specialized carriers which duplicate the lines, facilities, or services of other telecommunications common carriers is contrary to the public interest. Reaffirms the intent of Congress that the complete authority to regulate terminal and station equipment used for telephone exchange service shall rest with the States even though such terminal and station equipment also may be used in connection with interstate services. Amends the Communications Act of 1934 to provide that no compensatory charges for or in connection with such communication service may be found to be unjust or unreasonable on the ground that it is to low. Prohibits the Federal Communications Commission from holding the charge of a carrier up to a particular level to protect the traffic or revenues from a communication service offered or provided by another carrier if such charge proposed by the carrier is compensatory. Grants the Commission jurisdiction to approve the acquisition of control by a domestic common carrier of any other domestic common carrier or to approve the acquisition by a person which is not a common carrier of control of any domestic common carrier or the acquisition of the whole or any part of the property of a domestic common carrier after determining that the acquisition is in the public interest. Provides that the Commission shall not grant or authorize any construction permit, station license, or certificate, for the construction, acquisition, or operation of any communication or transmission line or facility, or extension thereof, or any modification or renewal thereof, unless the Commission shall find, after full opportunity for evidentiary hearing on the record, that such permit, license, or certificate will not result in increased charges or unnecessary duplication of communication lines.
United States · United States Congress · 17 May 1976
Amends the Internal Revenue Code and the Social Security Act to exclude service performed by an individual on a vessel used in catching fish or other marine animal life wherein such individual receives as compensation a portion of such vessel's catch, from the definitions of "employment" and "self-employment" for the purposes of deductions, contributions, and benefits under such Acts.
United States · United States Congress · 11 May 1976
Title I: Acquisition Ceiling Increases - Increases the limitations on appropriations for the acquisition of lands and interests therein within the following units of the National Park System: (1) Arches National Park, Utah; (2) Assateague Island National Seashore, Maryland and Virginia; (3) Buffalo National River, Arkansas; (4) Capitol Reef National Park, Utah; (5) Fire Island National Seashore, New York; (6) Gulf Islands National Seashore, Florida and Mississippi; (7) Lincoln Home National Historic Site, Illinois; (8) Mesa Verde National Park, Colorado; (9) North Cascades National Park and Lake Chelan National Recreation Area, Washington; (10) Saint-Gaudens National Historic Site, New Hampshire; and (11) Scotts Bluff National Monument, Nebraska. Title II: Development Ceiling Increases - Increases the limitations on appropriations for development of the following units of the National Park System: (1) Andrew Johnson National Historic Site, Tennessee; (2) Arkansas Post National Memorial, Arkansas; (3) Chamizal National Memorial, Texas; (4) Fort Larned National Historic Site, Kansas; (5) Golden Spike National Historic Site, Utah; (6) Jefferson National Expansion Memorial National Historic Site, Missouri; (7) Saint-Gaudens National Historic Site, New Hampshire; and (8) Vicksburg National Military Park, Mississippi. Title III: Miscellaneous Provisions - Repeals provisions relating to beach erosion control, hurrican protection, and purchase of public utility facilities within Assateague Island National Seashore, Maryland and Virginia. Directs the Secretary of the Interior to develop a comprehensive plan for the protection, management, and use of such seashore. Authorizes the Secretary to designate specified areas for addition to the Colorado National Monument, Colorado. Increases the maximum amount authorized to be appropriated for acquisition, development, and rehabilitation of sites of specified events which occurred in Kansas during the decade prior to and during the Civil War. Authorizes the Secretary of the Interior to transfer specified lands to the jurisdiction of the Director of the National Park Service in Montgomery County, Maryland. Authorizes the Secretary of the Army to transfer specified lands in such county to the jurisdiction of the Secretary of the Interior. Authorizes the Secretary of the Interior to acquire up to 64 acres of land for addition to the Saint-Gaudens National Historic Site, New Hampshire.
United States · United States Congress · 28 April 1976
Establishes a Joint Congressional Committee on Forest Management Policy composed of six members of each House to study the appropriateness of existing forest management policy. Requires the Committee to submit to Congress an interim report no later than one year after enactment of this Act and a final report no later than two years after the enactment of this Act, each containing the Committee's findings and recommendations. Terminates the Committee 60 days after it submits its final report. States that the expenses of the Committee, which shall not exceed $100,000, shall be paid from the contingent fund of the House of Representatives.
United States · United States Congress · 1 April 1976
Authorizes and requests the President to issue a proclamation designating the fourth Sunday in September of each year as "National Good Neighbor Day."
United States · United States Congress · 1 April 1976
Designates April 13, 1976 as "Thomas Jefferson Day."
United States · United States Congress · 30 March 1976
Names the Veterans' Administration hospital located at 13000 North Thirtieth Street, Tampa, Florida, the "James A. Haley Veterans' Administration Hospital."
United States · United States Congress · 25 March 1976
Federal Agency Control and Review Act - Requires the Office of Management and Budget to conduct a study lasting one to two years of each Federal agency's efficiency and effectiveness. Requires that such report be submitted to the President and Congress. Authorizes the President to submit to Congress his recommendations with respect to such report. States that a report must have been concluded on all existing agencies within 12 years after the enactment of this Act and on all agencies within ten years after their creation. Requires that such study be repeated every ten years. Terminates such Federal agency ten years after the Office's report is submitted to Congress unless Congress adopts legislation to continue such agency.
United States · United States Congress · 23 March 1976
Amends the Forest and Rangeland Renewable Resources Planning Act of 1974 to direct the Secretary of Agriculture to include in the Renewable Resource Program, national program recommendations which take into account specified policy objectives. Requires the Secretary to provide for public participation in the formulation and review of proposed land management plans for units of the National Forest System. Directs the Secretary to promulgate regulations that set out the process for the development and revision of such land management plans. Requires that such regulations specify procedures to insure that plans are prepared in accordance with the National Environmental Policy Act and guidelines set out in this Act. Authorizes the Secretary to appraise and sell so much of the trees and other forest products found upon National Park System lands as may further the policies set forth in the Multiple Use and Sustained Yield Act, and the Forest and Rangeland Renewable Resources Planning Act of 1974. Repeals the requirement that such forest products be sold for use only in the United States or territory in which the timber reservation from which such products were taken is located. Increases to $10,000 in appraised value the maximum value of timber and cord wood which the Secretary may sell without advertisement.
United States · United States Congress · 17 March 1976
Authorizes and requests the President to issue a proclamation designating the week beginning on November 7, 1976, as "National Respiratory Therapy Week".
United States · United States Congress · 4 March 1976
Authorizes the President to designate the second full calendar week in March of 1976 as "National Employ the Older Worker Week."
United States · United States Congress · 2 March 1976
Establishes a Joint Congressional Committee on Forest Management Policy composed of six members of each House to study the appropriateness of existing forest management policy. Requires the Committee to submit to Congress an interim report no later than one year after enactment of this Act and a final report no later than two years after the enactment of this Act, each containing the Committee's findings and recommendations. Terminates the Committee 60 days after it submits its final report. States that the expenses of the Committee, which shall not exceed $100,000, shall be paid from the contingent fund of the House of Representatives.
United States · United States Congress · 25 February 1976
Small Business Estate and Gift Tax Reform Act - Revises, under the Internal Revenue Code, the rate of tax imposed on transfers of taxable estates. Increases the present $60,000 exemption from such tax to $80,000 in 1976, $100,000 in 1978, and $120,000 in 1980. Alters possible gift tax exemptions of a decedent's estate in 1980. Provides that in the computation of the value of a taxable estate, where a bequest is made to the surviving spouse, the limitation on the aggregate of deductions is revised from 50 percent to $240,000 plus 50 percent of the excess of the adjusted gross estate. Incorporates in the determination of the value of a decedent's property held as farming property or scenic open property, the consideration of any effective restrictions on its use for other purposes. Increases the gift tax exemption from $30,000 to $60,000. Allows a taxpayer to claim, under conditions prescribed by the Secretary of the Treasury or his delegate, an additional exemption which would otherwise be allowed his estate upon his death. Revises the gift tax exemption permitted for gifts to spouses from one half of the transferred property's value to so much of its value as does not exceed $240,000, plus one half of the excess. Extends from 10 to 15 the number of equal installments in which estate taxes on an estate consisting largely of an interest in closely held business may be paid. Permits the Secretary or his delegate, with the taxpayer's consent, to impose a lien on the closely held business assets which constitute the basis for the extension. Allows such lien in lieu of requiring a bond, but treats it as a bond for purposes of the discharge of fiduciary liability. Requires the Secretary or his delegate to study: (1) hardship extensions of the time for payment of estate tax and installments thereof; and (2) extensions of time for payment of estate tax where the estate consists largely of an interest in a closely held business as such extensions affect decisions to continue or dispose of a small or closely held business. Orders a report of such study to be submitted to Congress within 12 months of enactment of these provisions, such report to include findings, conclusions, and recommendations for legislation.
United States · United States Congress · 18 February 1976
Authorizes the President to issue annually a proclamation designating the seven-day period commencing on April 30 of each year as "National Beta Sigma Phi Week," to recognize the National Beta Sigma Phi Sorority and its social, cultural, and service programs.
United States · United States Congress · 17 February 1976
Prohibits exploratory or production drilling for energy resources on Outer Continental Shelf lands underlaying waters of the Gulf of Mexico by Federal agencies or holders of Federal leases if such waters were reserved for defense training or testing activities as of January 1, 1976. Grants exceptions from the prohibition of this Act where (1) the President proclaims that drilling activities are essential to the security interests of the United States, and (2) the military department concerned withdraws such water from reserve for defense training or testing purposes.
United States · United States Congress · 10 February 1976
Directs the Secretary of the Interior to select an appropriate site for the erection of a statute of Bernardo de Galvez, a gift of the Government of Spain in recognition of the Bicentennial celebrations of the United States of America. Specifies that the statue shall be erected on grounds now owned by the United States of America in the District of Columbia. Requires approval of the Commission of Fine Arts and the National Capital Planning Commission for the site selection and design of the statue. Provides that the erection of the statue and proper landscape treatment shall be without expense to the United States of America, except for necessary maintenance after completion.
United States · United States Congress · 9 February 1976
Imposes a fine of not more than $10,000 and/or imprisonment of not more than ten years for disclosure of (1) the association of any individual or entity with the foreign intelligence operation of the United States, or (2) the identity of such individual where such disclosure may prejudice the safety of such individual.
United States · United States Congress · 2 February 1976
Authorizes the Secretary of the Army, acting through the Chief of Engineers, to undertake the advanced design and engineering phase of the project for beach erosion control and hurricane-flood protections at Panama City Beaches in Florida, at an estimated cost of $165,000.
United States · United States Congress · 29 January 1976
Amends the Social Security Act to authorize payment under the medicare program for specified services performed by chiropractors, including x-rays and physical examinations, and related routine laboratory tests.
United States · United States Congress · 2 December 1975
Declares that the Congress has not delegated to the Federal Trade Commission any authority to preempt the laws of the States or their political subdivisions.
United States · United States Congress · 1 December 1975
Provides that in civil actions where the United States is a plaintiff, a prevailing defendant may recover a reasonable attorney's fee and other reasonable litigation costs, whether or not other costs are awarded or awardable against the United States.
United States · United States Congress · 1 December 1975
Declares the solidarity of the United States Congress in support of the democratic aspirations of the Portuguese people. Denounces the consprirational maneuvers of the Communists. Calls for congressional hearings on the Portuguese crisis. Urges NATO to warn Moscow against supporting communist subversion in Portugal. Calls upon the Soviet Union to terminate such actions. Calls upon the Department of State to insist upon equal democratic opportunities for all political parties in a preelection period. Serves notice upon the Soviet Union and all East European Communist governments that further intervention in the internal affairs of Portugal is a blatant violation of the principles of the Helsinki Conference.
United States · United States Congress · 20 November 1975
Designates the week beginning April 4, 1976, as "National Rural Health Week." Urges that efforts in disseminating health information be intensified. Calls for improved health services for rural America.
United States · United States Congress · 20 November 1975
Expresses the sense of Congress that the United States Government while engaged in a lessening of tensions with the People's Republic of China, do nothing to compromise continued close relations with the Republic of China.
United States · United States Congress · 14 November 1975
Designates 1976 as "National Bicentennial Highway Safety Year." Provides that each month of 1976 shall focus on a specific area of activity which offers the prospect of achieving substantial reductions in accidents on the Nation's highways.
United States · United States Congress · 6 November 1975
Young Adult Conservation Corps Act - Declares it to be a finding of Congress that unemployment levels are excessively high among young adults, and that there are large inventories of conservation work and other work of a public nature on public lands, including the national park and forest systems, which require large amounts of labor and relatively small capital investments. States that it is the purpose of this Act to complement the Youth Conservation Corps Act and to provide employment to young adults. Declares the Secretaries of Agriculture and Interior to jointly extend the Youth Conservation Corps to make possible the year-round employment of young adults. States that individuals employed as Corps members under this Act shall be between the ages of 19 and 24; shall meet applicable physical standards; shall be given preference for employment if they reside in counties in which the unemployment rate was equal to or in excess of six percent for three consecutive months; and may be employed for a total of not more than 12 months. Sets forth criteria by which the Secretaries shall be guided in determining the location of projects and the type of work to be done. States that priority should be given to counties having a high rate of unemployment and that highly labor intensive projects should be sought. States that the rate of pay for Corps members should be set at the current Federal minimum wage. Extends the provisions of this Act to cover employment of young adults in State conservation programs in accordance with the provisions of the Youth Conservation Corps Act which make such an extension. Requires the Secretaries to prepare, within eight months of the enactment of this Act, a plan for the execution of the provisions of this Act. Authorizes the appropriation of funds for preparing the plan and for preparing the sites, facilities, and equipment selected in this plan. Authorizes the appropriation of funds as specified for the four fiscal years during which young adults are employed under this Act.
United States · United States Congress · 23 October 1975
Condemns the resolution adopted by the Third Committee of the United Nations General Assembly which equates Zionism with racism, and urges the U.N. General Assembly to disapprove such resolution.
United States · United States Congress · 9 October 1975
Authorizes the President to issue a proclamation designating the week in November which includes Thanksgiving Day in each year as "National Family Week."
United States · United States Congress · 8 October 1975
Extends the Federal-State grant program under the Disaster Relief Act to permit grants to businesses (including farming) or other persons in addition to the presently allowable grants to individuals and families. Expands the circumstances under which assistance may be granted to include those cases where such a grant is clearly in the best interest of the individual, family, business, or other person involved, as determined by the State.
United States · United States Congress · 3 October 1975
Military Construction Appropriation Act - Makes appropriations of specified sums for the fiscal year June 30, 1976, and the period ending September 30, 1976, for the construction of military works and installations by the following: (1) the Army; (2) the Navy; (3) the Air Force; (4) specified defense agencies; (5) the Army National Guard; (6) the Air National Guard; (7) the Army Reserve; (8) the Navy Reserve; and (9) the Air Force Reserve. Authorizes the appropriation of funds for family housing for the military departments and agencies. Sets limitations on the use of funds appropriated under this Act.
United States · United States Congress · 17 September 1975
Form Reform Act - Requires that all forms used by each executive agency shall be discontinued progressively over a five year period. States that no form may be placed in use by any executive agency after the effective date of this Act unless it has been approved by the Comptroller General. States that if the Comptroller General determines that the use of an existing form is necessary and that such form is as short, simple, and understandable as it can be, he shall approve the continued use of such form. Authorizes appropriations of sums necessary to carry out this Act.
United States · United States Congress · 11 September 1975
Authorizes the President to issue a proclamation designating Sunday, September 14, 1975, as "National Saint Elizabeth Seton Day" and calling upon the people of the United States to observe that day with appropriate ceremonies.
United States · United States Congress · 5 September 1975
National Commission on Regulatory Reform Act - Establishes the National Commission on Regulatory Reform. Directs the Commission to make a full and complete study of such regulatory activities of the independent regulatory agencies of the Federal Government as the Commission determines to be primarily economic in nature and to have a significant effect on the segments of the economy involving transportation, communication, the development and distribution of energy resources, or financial institutions. States that such study shall be undertaken to determine: (1) whether such regulatory activities have limited competition within such segments of the economy, and if they have, what the economic consequences have been, (2) whether such regulatory activities have, in other way, contributed to current economic difficulties, in particular inflation; and (3) whether changes need to be made with regard to such independent Federal establishments and their regulatory activites. Requires that such study shall include, with regard to each independent Federal establishment whose regulatory activities are included in such study: (1) an analysis of the purposes for which it was created, its structure and jurisdiction, the statutory framework governing its operation and activities, and the procedures and policies it has adopted; (2) an assessment of its effectiveness in carrying out its purposes; (3) an analysis of the costs and benefits of its various programs and policies, with particular reference to any adverse economic impact; and (4) an examination of the relationship between its regulatory activities and those of State and local regulatory agencies. Sets forth the membership, powers, and authority of the Commission. Directs the Commission to submit to the President and Congress within one year a report containing: (1) a statement of the status of the study being conducted pursuant to this Act; (2) a detailed statement of any findings made or conclusions reached by the Commission; and (3) any recommendations for legislation or administrative action, or both, deemed appropriate by the Commission.
United States · United States Congress · 3 September 1975
Provides for the relief of Major Jack F. Jans, United States Air Force (retired).
United States · United States Congress · 3 September 1975
Requires that any rule or regulation proposed by any officer or agency of the executive branch of the Federal Government to implement a law or a program pursuant to a law must be submitted to both Houses of Congress for review. States that such rule or regulation shall become effective 60 legislative days after submission if Congress neither disapproves it by resolution or passes a concurrent resolution specifically approving such rule or regulation. Incorporates the provisions of this Act into the rules of the two Houses of Congress. Establishes procedural rules with respect to the consideration of a resolution disapproving the proposed rule or regulation.
United States · United States Congress · 3 September 1975
Authorizes the President of the United States to declare the fourth Saturday of each September "National Hunting and Fishing Day".
United States · United States Congress · 3 September 1975
Expresses the sense of Congress that the United States Government while engaged in a lessening of tensions with the People's Republic of China, do nothing to compromise continued close relations with the Republic of China.
United States · United States Congress · 1 August 1975
Authorizes the President of the United States to declare the fourth Saturday of each September "National Hunting and Fishing Day".
United States · United States Congress · 28 July 1975
Authorizes the President of the United States to declare the fourth Saturday of each September "National Hunting and Fishing Day".
United States · United States Congress · 21 July 1975
Broadcast License Renewal Act - Permits the Federal Communications Commission to extend three-year broadcast licenses for an additional two years upon a finding of public interest. Requires in making such determination, considerations of whether different term lengths for radio and television stations and for different categories of licensees are in the public interest. Limits other class licenses to a five-year maximum, prescribing the renewal procedures for such licenses and the criteria to be considered in renewal, including responsiveness and lack of serious deficiencies. Sets guidelines for expeditious action on applications for renewal of broadcasting station licenses by limiting material required to be filed. Requires the Commission to examine the renewal process and report within six months on methods of reducing and consolidating filings and supporting documents.
United States · United States Congress · 17 July 1975
Increases from $3,120,000 to $22,162,000 the amount authorized for the acquisition of private property to be included in the Gulf Islands National Seashore in the States of Mississippi and Florida.
United States · United States Congress · 11 July 1975
Disapproves the loan of three landing craft (LCM-8's) to Panama, as proposed by the letter from the Department of the Navy of May 5, 1975, to the Committee on Armed Services of the House of Representatives.
United States · United States Congress · 26 June 1975
Revises the Consolidated Farm and Rural Development Act and the Housing Act of 1949 by redefining "rural area" to permit towns of twenty-five thousand or less inhabitants to be considered rural areas for purposes of this Act.
United States · United States Congress · 20 June 1975
Emergency Housing Act - Title I: Stimulation of Housing Construction - Emergency Home Purchase Assistance Amendments - States that mortgages purchased by the Government National Mortgage Association under the Emergency Home Purchase Assistance Act may not have an interest rate in excess of 7 1/2 percent. Increases the total amount of mortgage purchases and commitments which may be made by the Secretary of Housing and Urban Development under such Act to $10,000,000,000. Requires that at least 80 percent of such funds be used to purchase mortgages having original principal obligations not exceeding $36,000. Authorizes the Secretary to purchase specified mortgages of multifamily residences not purchasable under present law. Title II: Emergency Mortgage Relief - Emergency Homeowners' Relief Act - States it to be the purpose of this Act to prevent widespread mortgage foreclosure and distress sale of homes resulting from temporary loss of employment and income through a program of emergency loans and advances and mortgage relief payments to homeowners. Sets forth as conditions for the extension of assistance under this Act: (1) that the holder of the mortgage has indicated his intention to foreclose to the mortgagor; (2) that mortgage payments have been delinquent for at last three months; (3) that adverse economic conditions have caused the mortgagor to become involuntarily unemployed or underemployed and to have incurred a substantial reduction in income as a result; (4) that there is a reasonable prospect that the mortgagor will be able to make the adjustments necessary for a full resumption of mortgage payments; and (5) that the mortgaged property is the principal residence of the mortgagor. States that assistance provided under this Act will be in the form of either: (1) emergency mortgage relief loans or advances of credit; or (2) emergency mortgage relief payments. Sets the limits of such payments at $250 per month for up to 12 months with one 12-month extension available. Provides that payments be repaid on such terms as the Secretary prescribes. Authorizes the Secretary to insure financial institutions against losses which they might sustain as a result of emergency loans or advances of credit made pursuant to this Act. States that the aggregate amount of loans and advances insured shall not exceed $1,500,000 at any one time. Authorizes the Secretary to make emergency mortgage relief payments to certain mortgagees on behalf of distressed homeowners. Establishes the Emergency Homeowners' Relief Fund on the books of the United States Treasury for making mortgage relief loans and payments pursuant to this Act. Authorizes to be appropriated such sums as may be necessary for the purposes of this Act. Directs the Secretary and the Federal supervisory agencies with respect to financial institutions to take steps to encourage forebearance in residential mortgage loan foreclosures, and to request all mortgagees to give such agencies at least 30 days notice prior to instituting foreclosure proceedings. Directs the Secretary to report to Congress within 60 days after enactment and at 60-day intervals thereafter on the actions taken under this Act. Authorizes the Federal Deposit Insurance Corporation to make such advances to any insured bank as the Corporation determines to be necessary to facilitate participation in the program authorized by this title.
United States · United States Congress · 19 June 1975
Jobs Creation Act - Title I: Individual Income Taxes - Allows a tax credit in the amount of 10 percent (up to $1,000) the amount of qualified individual deposits and investments made by an individual during the taxable year. Defines qualified investments as amounts used to purchase stock in or debt instruments of a domestic corporation. Provides that the first $1000 of capital gain shall be excluded from gross income during the taxable year. Provides, for purposes of the estate tax, that the lesser of: (1) $200,000 and (2) the value of the decedent's interest in a family farming operation continually owned by him for 5 years prior to his death and which passes to a related individual shall be excluded from the value of the taxable estate. Title II: Corporation Taxes - Reduces the normal tax rates imposed on corporations. Increases the investment credit to 15 percent (12 percent in the case of property constructed or acquired before an unspecified date in March, 1975). Increases the corporate surtax exemption from $25,000 to $100,000. Increases the class life variance for purposes of the depreciation deduction allowed for property used in a trade or business or held for the production of income. Title III: Employee Stock Ownership Plan Financing - Creates special deductions for dividends paid during the taxable year by employers on securities held by an employee stock ownership plan (as defined by this title). Provides for the distribution of dividends to employees and repurchase of qualifying employer securities from persons receiving distributions. Provides for the exclusion from gross income of that part of a distribution held or reinvested within 60 days in income-producing assets of equivalent value for the purpose of realizing current income from such assets.
United States · United States Congress · 17 June 1975
Administrative Rulemaking Control Act - States that it is the purpose of this Act to establish a procedure whereby Congress may review certain rulemaking activities of executive agencies, thereby exercising greater control and oversight over the operations of such agencies. Provides that an administrative rule, the violation of which subjects an individual to a criminal penalty, shall take effect only: (1) if published in the Federal Register; (2) after the expiration of 30 days of continuous session of Congress after the date on which the rule was published; and (3) if neither House of Congress passes a resolution disfavoring such a rule. Sets forth procedures governing the consideration of such rules by the Congress.