United States · United States Congress · 14 September 1983
Demand Deposit Deregulation Act - Amends the Federal Reserve Act, the Federal Deposit Insurance Act, and the Home Owners Loan Act to repeal prohibitions against payment of interest on demand deposits (NOW accounts) by Federal Reserve banks, by insured non-member banks and insured branches of foreign banks, and by Federal savings and loan associations or savings banks. Amends the Federal Reserve Act to exempt from reserve requirements: (1) any category of deposits or accounts first authorized under Federal law in any State after April 1, 1980; and (2) an amount equal to the amount by which current total demand deposits exceeds the amount of demand deposits held by an institution (located outside of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont) on a daily average basis during the 14-day period preceding the date of enactment of this Act. Requires the Depository Institutions Deregulation Committee to establish rules concerning the payment of interest on demand deposits. Repeals the requirement that the Committee meet in public at least quarterly.
United States · United States Congress · 13 September 1983
States that the United States: (1) condemns the Soviet destruction of Korean Air Lines flight 7; (2) calls for an explanation from the Soviets; (3) extends its sympathies to the families who lost loved ones and supports their rights to obtain reparations from the Soviets; (4) calls on the Soviets to assist in the recovery of the remains of the victims; (5) calls for an international investigation by the International Civil Aviation Organization; (6) declares its intention to demand that the Soviets modify their air defense procedures to assure the safety of commercial airliners; (7) finds that this incident will make it difficult for the U.S. and other nations to accept the Soviets as responsible members of the international community; and (8) urges our allies and other nations to cooperate with specified demands on the Soviets.
United States · United States Congress · 4 August 1983
Wine Equity Act of 1983 - Requires the President to direct the U.S. Trade Representative (USTR) to negotiate the harmonization of tariff and nontariff barriers on wine with each designated major trading country. Requires negotiations with designated major trading countries which do not export wine to the United States in order to eliminate all tariff and nontariff trade barriers of such countries to the importation of U.S. wine. Requires the President to impose tariff and nontariff trade barriers equal or substantially equivalent to the barriers applied by a designated major trading country if such country does not provide harmonization to U.S. produced-wine with 180 days of the country's designation as a designated major trading country. Provides for removing such U.S. tariff and nontariff barriers. Requires the USTR to report to specified congressional committees at the beginning and end of each negotiation. Requires the USTR to consult with such committees to identify further tariff and nontariff barriers to and potential markets for U.S. wine. Provides for assistance for the USTR from other Federal agencies.
United States · United States Congress · 4 August 1983
Adds a new title to the Federal Election Campaign Act of 1971: "Title V - Financing of General Election Campaigns for the House of Representatives." Establishes eligibility criteria entitling candidates to receive campaign payments on a matching basis. Establishes formulae to determine such sums. Limits expenditure of personal funds to $37,000 per election. Waives spending limits for eligible candidates: (1) whose opponents have spent sums exceeding the limit imposed upon such candidates; or (2) whose opponents have exceeded specified spending and contribution limitations. Requires candidates ineligible for matching funds to notify the Federal Election Commission within a specified time if they exceed specified expenditures. Authorizes the Commission to determine whether candidates have exceeded expenditure limitations. Permits certain additional payments to specified candidates whose opponents use independent funds for communication. Requires the Federal Election Commission to certify the eligibility of candidates to the Secretary of the Treasury, who shall disburse funds to such candidates. Directs the Secretary to establish a separate United States House of Representatives Election Campaign Account in the Presidential Election Campaign Fund and to deposit certain sums in such account in accordance with specified guidelines. Directs the Commission to audit campaign accounts. Requires repayment of excess payments and unexpended payments. Penalizes the use of funds for other than campaign purposes. Authorizes the Commission to institute repayment actions in U.S. district courts. Specifies the administrative authority of the Commission in carrying out this Act. Requires the Commission to make certain reports to the House of Representatives. Authorizes appropriations.
United States · United States Congress · 3 August 1983
Prohibits sending combat troops into Costa Rica, El Salvador, Guatemala, Honduras, or Nicaragua for training exercises or any other purposes unless: (1) Congress has authorized their presence in advance by a joint resolution signed by the President; or (2) the presence of such troops is necessary to provide for the immediate evacuation of U.S. citizens, or to respond to a clear and present danger of military attack on the United States. Declares that, in either case, the President should advise and consult, to the extent possible, in advance with the Congress.
United States · United States Congress · 3 August 1983
Depository Institution Equity Act of 1983 - Title I: Amendments to the Bank Holding Company Act - Amends the Bank Holding Company Act of 1956 to include within the definition of 'bank' any insured bank as defined in the Federal Deposit Insurance Act and any institution eligible to become so insured. Title II: Amendments to the Federal Deposit Insurance Act - Amends the Federal Deposit Insurance Act to apply to every nonmember insured bank the provisions of the Banking Act of 1933 relating to affiliations between member banks and organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes or other securities. Provides that a nonmember insured bank which prior to enactment of this Act was affiliated with such an organization is not prohibited from continuing such affiliation for no more than two years. Excludes dealers in securities from serving as officers, directors, or employees of State nonmember banks. Title III: Amendments to the National Housing Act - Amends the National Housing Act to prohibit a savings and loan holding company, or any subsidiary which is not an insured institution, from commencing or continuing any business activity other than those specified for multiple savings and loan holding companies and their subsidiaries. Permits a company existing as a savings and loan holding company on the date of enactment of this Act whose activities become subject to such restrictions to continue such activities for not more than five years after such enactment. Applies to every insured institution the provisions of the Banking Act of 1933 relating to affiliations between banks that are members of the Federal Reserve System and organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities. Permits an insured institution which prior to the date of enactment of this Act was affiliated with such an organization to continue that affiliation for no more than two years. Excludes dealers in securities from serving as officers, directors, or employees of insured institutions. Applies the civil and criminal provisions of the Banking Act of 1933 relating to dealers in securities engaging in banking business to insured institutions' activities and uninsured institutions' activities in the same manner and to the same extent as if the institutions were banks that engaged in the business of receiving deposits. Title IV: Effective Date - Makes this Act effective upon enactment.
United States · United States Congress · 25 July 1983
Expresses the sense of the House of Representatives that: (1) legislation is immediately required to protect Medicare and Medicaid (titles XVIII and XIX of the Social Security Act); and (2) an urgency exists to assure affordable health care for older Americans. States that Congress should enact legislation to reduce and control the rising cost of health care.
United States · United States Congress · 21 July 1983
Credit Card Protection Act - Amends the Truth in Lending Act to prohibit the disclosure of any payment device number. Specifies circumstances in which such payment device numbers may be disclosed. Defines "payment device number" as any code, account number, or other means of account access that can be used to obtain money, goods, services, or anything of value or a transfer of funds. Extends the current prohibition against the fraudulent use and transportation of credit cards to cover credit card numbers, debit cards, electronic banking cards, or other access devices to a customer's account. Makes possession with unlawful or fraudulent intent of ten or more illegally obtained credit cards, codes, or other means of accessing an account a Federal crime. Confers Federal jurisdiction over any offense where multiple credit cards or other payment devices are used so long as the fraudulent charges amount to $1,000 or more.
United States · United States Congress · 12 July 1983
Financial Institutions Deregulation Act - Amends the Banking Act of 1933 to allow a member bank to be affiliated with a depository institution securities affiliate. Permits an officer, director, or employee of a member bank to serve at the same time as an officer, director or employee of its depository institution securities affiliate or affiliates. Amends the Securities Act of 1933 to exempt from the registration requirements of such Act the issuance of a company's shares in connection with a reorganization. Amends the Securities Exchange Act to make the Securities and Exchange Commission the appropriate regulatory agency to enforce a bank securities affiliate's compliance with regulations concerning transactions in municipal securities. Amends the Bank Holding Company Act of 1956 to include depository institution securities affiliates within the definition of "bank" for the purposes of such Act. Defines "depository institution securities affiliate" to mean any corporation that: (1) is engaged in the United States in one or more of the activities authorized under such Act; and (2) is a broker or dealer within the meaning of the Securities Exchange Act of 1934 or an investment advisory within the meaning of the Investment Advisers Act of 1940. Revises the process for the formation of a bank holding company. Permits bank holding companies after notice and subject to approval by the Federal Reserve Board to engage in: (1) activities that the Board has determined to be closely related to banking or managing or controlling banks or to be of a financial nature; (2) insurance underwriting or brokerage; or (3) real estate investment, development or brokerage. Sets forth the criteria to be considered by the Board in connection with such notice. Permits a bank holding company, subject to prior notice and certain requirements and conditions, to acquire shares in any company that engages only in the activities authorized for a depository institution securities affiliate under this Act. Prohibits any bank holding company that establishes or acquires a securities affiliate or engages in securities affiliates activities from permitting any of the depository banks it controls to engage, directly or through a subsidiary, in specified securities activity one year after the securities affiliate starts business. Permits a depository institution securities affiliate to conduct any securities or securities-related activity that a national banking association is not prohibited from conducting. Permits a depository institution securities affiliate to: (1) deal in and underwrite all State and municipal general obligations and revenue bonds (including, under certain conditions, industrial development bonds); (2) organize, sponsor, operate, and control an investment company; (3) render investment advice; or (4) underwrite, distribute, and sell securities of any investment company. Permits a bank holding company to acquire shares of a company engaged in any activities in which a multiple savings and loan holding company was authorized to engage in on July 1, 1983. Limits Federal Reserve Board authority to: (1) require nonbanking subsidiaries of a bank holding company to submit reports regarding compliance with the provisions of the Bank Holding Company Act; and (2) conduct examinations of such subsidiaries. Amends the Federal Reserve Act to allow a member bank and its subsidiaries to engage in a covered transaction or a financial assistance transaction with an affiliate only on substantially the same terms prevailing for comparable transactions with other nonaffiliated companies. Prohibits a member bank and its affiliates from publishing any advertisement suggesting that the member bank is responsible for its affiliates' obligations. Prohibits a member bank and its affiliates from purchasing as fiduciary any securities or other assets from an affiliate unless lawfully authorized by the instrument creating the fiduciary relationship, by court, or by local law. Prohibits a member bank and its subsidiaries except in certain circumstances from purchasing or otherwise acquiring, during the existence of any underwriting or selling syndicate, any obligation a principal underwriter of which is one of its affiliates or subsidiaries. Amends the Investment Company Act of 1940 to permit an investment company affiliated with a depository institution securities affiliate, but only with prior approval of the Securities and Exchange Commission, to: (1) place or maintain its securities or similar investments in the custody of a bank affiliated with such depository institution securities affiliate; (2) designate any such bank as trustee or custodian; or (3) deposit designated proceeds with any such bank. Amends the Bank Holding Company Act Amendments of 1970 to permit a trade association to commence, on behalf of an association member, any private right of action for injunctive relief against threatened loss or damage as a result of a violation of the prohibitions against tying arrangements. Amends the Savings and Loan Holding Company Amendments of 1967 to subject all unitary savings and loan holding companies to the same restrictions on their activities as multiple savings and loan holding companies. Declares that such restrictions shall not apply to any company that acquires an insured institution between July 1, 1983, and the effective date of this Act. Sets forth activities to which such restrictions do not apply. Authorizes savings and loan holding companies to acquire banks insured by the Federal Savings and Loan Insurance Corporation. Sets forth limitations to which any such acquisition is subject. Exempts from prohibitions against interaffiliate transactions the transactions of any subsidiary insured institution of a savings and loan holding company with an affiliate engaged in permitted business activities. Exempts from prior approval requirements the formation of a savings and loan holding company involving a reorganization of interest from individual ownership to holding company form. Declares that no State shall prohibit the affiliation of an association with a company engaged solely in one or more of the activities authorized for savings and loan holding companies under this Act. Amends the Home Owners' Loan Act of 1933 to authorize savings and loan institutions to invest in depository institution service corporations in accordance with the requirements, conditions, and limitations set forth by this Act. Permits a trade association to commence any action for injunctive relief against threatened loss or damage resulting from a violation of such Act's prohibitions against tying arrangements. Amends the Bank Service Corporation Act to rename such Act the Depository Institution Service Corporation Act. Sets forth limitations on the amount a depository institution may invest in depository institution service corporations. Describes the depository institution service corporation activities permissible for depository institutions. Subjects a depository institution service corporation to examination and regulation by the appropriate Federal supervisory agency of its principal investor to the same extent as its principal investor. Provides grandfather rights to service corporation investors and for service corporation activities where an investment was made and the activities were commenced prior to July 1, 1983. Authorizes any association, which is organized and continues to operate in the mutual form, to invest in the capital stock obligations or other securities of any corporation (a mutual thrift service corporation) organized under State laws if the entire capital stock of such corporation is available for purchase only by savings and loan associations having their home offices in such State.
United States · United States Congress · 12 July 1983
Demand Deposit Equity Act of 1983 - Amends the Federal Reserve Act to repeal the provision of such Act which prohibited member banks from paying interest on demand deposits. Amends the Federal Deposit Insurance Act, the Home Owners' Loan Act and the Federal Credit Union Act to permit depository institutions to offer interest-bearing demand deposits (NOW accounts).
United States · United States Congress · 12 July 1983
Prohibits any company that is engaged directly or indirectly in any activity not permitted for a bank holding company from acquiring control of any insured bank, and from acquiring control of insured banks in more than one State, without prior approval under the Bank Holding Company Act. Prohibits any company that is engaged directly or indirectly in any activity other than an activity permitted for a multiple savings and loan holding company from acquiring control of any insured institution except as provided in the National Housing Act. Prohibits any company that acquires control of an insured bank or institution on or after July 12, 1983, from retaining control of such bank or institution and engaging in non-bank holding activities on or after the effective date of this Act unless the acquisition conforms to certain provisions of the National Housing Act. Prohibits any company from retaining control of insured banks in more than one State that were acquired on or after July 12, 1983, unless such banks were acquired with prior approval under the Bank Holding Company Act. Prohibits any State-chartered depository institution from commencing any non-banking activity not previously and lawfully engaged in by that institution unless: (1) such activity was explicitly authorized for that type of institution by State statute or regulation before January 1, 1983; (2) such activity is permitted under the Bank Holding Company Act for a bank holding company; or (3) such activity is explicitly authorized by a State statute and is performed exclusively in such State for customers present in it. Requires any State-chartered depository institution that commenced, on or after July 12, 1983, any activity that would have been prohibited by this Act if commenced after enactment of this Act to immediately terminate such activity. Repeals the provisions of this Act on December 31, 1983.
United States · United States Congress · 30 June 1983
Depository Institutions Moratorium Act - Title I: Moratorium on New Activities - Prohibits any depository institution or depository holding company from commencing after January 1, 1983, either directly or indirectly, any activity not previously and lawfully engaged in by such institution or holding company unless such activity was explicitly authorized by State or Federal law for such type of depository institution on or before January 1, 1983. Prohibits any depository institution or holding company, after January 1, 1983, from providing retail securities brokerage services to customers. Permits brokerage services after such date only pursuant to a State statute or a Federal law authorizing such activity. Title II: Moratorium on Acquisitions - Prohibits, after January 1, 1983, any company which is engaged in any activity not permitted for a bank holding company from acquiring control of any insured bank. Prohibits any company from acquiring control of insured banks in more than one State without receiving prior approval under the Bank Holding Company Act of 1956. Prohibits, after January 1, 1983, any company which is engaged in any activity other than an activity permitted for a multiple savings and loan holding company from acquiring control of any insured institution except as provided by the National Housing Act. Prohibits, after January 1, 1983, any depository institution or depository holding company from acquiring a depository institution or holding company or establishing a branch outside the State in which its principal place of business is located unless such acquisition or establishment is authorized pursuant to the National Housing Act, the Federal Deposit Insurance Act, or comparable State law providing authority relating to emergency situations. Title III: General Provisions - Sets forth definitions for the purposes of this Act.
United States · United States Congress · 23 June 1983
National Acid Deposition Control Act of 1983 - Title I: Acid Deposition Control and Assistance Program - Amends the Clean Air Act to establish new requirements for acid deposition control. Sets forth direct federally mandated emission reductions and retrofit technology for the 50 fossil fuel fired electric utility generating plants which had the largest total emissions of sulfur dioxide during the calendar year 1980. Directs the Administrator of the Environmental Protection Agency to: (1) identify each such plant which emitted sulfur dioxide during calendar year 1980 at an annual average rate equal to or exceeding three pounds per million Btu; (2) within two months after enactment of this Act, publish a list of the 50 plants which have the largest total emissions; (3) notify the owner or operator of each of the 50 plants listed; and (4) within four months after such enactment, and after notice and opportunity for comment, publish a final list of the 50 plants with the largest total emissions. Requires the owner or operator of each plant on the final list to submit to the Administrator, by January 1, 1985, a compliance schedule, including increments of progress. Directs the Administrator to approve or disapprove such schedule, within one year after submission, and after notice and opportunity for hearing. Directs the Administrator, if such schedule is not submitted by the deadline or is not approved, to promulgate a compliance schedule for such plant on January 1, 1986. Provides for modification and publication of such schedules. Requires that each compliance schedule provide that: (1) a technological system of continuous emission reduction be used for each steam generating unit in the fossil fuel fired electric utility generating plant concerned; and (2) sulfur dioxide emissions from such plant for the calendar year 1990 and each calendar year thereafter shall not exceed 1.2 pounds per million Btu heat input and ten percent of the total annual sulfur dioxide emissions during calendar year 1980 (90 percent reduction) or 0.6 pounds per million Btu and 30 percent of the total annual sulfur dioxide emissions during the calendar year 1980 (70 percent reduction). Sets forth procedures for determining plant compliance with such emission limitation. Requires that: (1) contracts be entered into for the purchase and installation of the technological systems of continuous emission reduction by January 1, 1988; (2) such systems be installed and in operation by January 1, 1990; and (3) the emission limitation be achieved for each calendar year after 1989. Directs the Administrator, from the Acid Deposition Control Fund established under this Act, to pay for 90 percent of the costs of construction and installation of the technological system of continuous emission reduction necessary for each such plant to comply with the emission limitation. Directs the Administrator, after consultation with the Secretary of the Treasury, to promulgate regulations under which such payments: (1) may be made to utilities only if they will be used entirely to reduce those electric rate increases which would otherwise result from such construction and installation; and (2) shall be made at such times as will minimize rate increases. Sets forth requirements for State plans for additional emission reductions of sulfur dioxide. Directs the Administrator, within four months after the enactment of this Act, to compute a State share, for each of the 48 contiguous States, of a 10,000,000 ton reduction in annual emissions of sulfur dioxide by 1993 below that of 1980. Sets forth a formula for computation of State shares. Permits the Governors of two or more States to reallot State shares among agreeing States, if there is an equal or greater total reduction in annual emissions of sulfur dioxide through such reallotment. Sets deadlines and procedures for submission and approval of State plans for such State shares. Directs the Administrator to promulgate a State plan on January 1, 1988, if no State plan has been: (1) submitted by June 1, 1985; or (2) approved by January 1, 1988. Requires State plans for State shares to provide for emission limitations applicable to any stationary sources in the State for which the actual annual sulfur dioxide emission rates have been calculated by the Administrator for the calendar year 1980, other than a source which is one of the listed 50 electric utility plants subject to direct federally mandated emission reductions. Requires that the emission limitations for each stationary source subject to the State plan establish an allowable average annual sulfur dioxide rate at a level such that the total reduction would equal the State share, with specified credits for States in which any of the 50 listed plants are located. Permits State plans for State shares to provide for compliance with emission limitations through use of technological systems of continuous emission reduction or any other appropriate requirements. Directs the Administrator, from the Acid Deposition Control Fund (established within this Act), to pay for 90 percent of the costs of the construction and installation at an electric utility generating plant of any technological system of continuous emission reduction necessary to comply with requirements under a State plan for a State share of sulfur dioxide emission reductions. Subjects such payments to regulations relating to reduction of increases in utility rates. Establishes a trust fund in the Treasury of the United States to be known as the Acid Deposition Control Fund, consisting of amounts generated by fees imposed under this Act. Directs the Administrator to make payments from the fund first to facilities covered by direct federally mandated emission reductions and then to facilities covered by State share plan requirements. Directs the Secretary of the Treasury to be the trustee of the Fund and to report to the Congress for each fiscal year ending on or after September 30, 1984, on its financial condition and the results of its operation during such fiscal year and on its expected condition and operations during the next five fiscal years. Sets forth Fund investment duties of the Secretary. Imposes, under regulations promulgated by the Administrator, a fee of one mill for each kilowatt hour of electric energy: (1) generated in the contiguous 48 States by an electric utility; and (2) imported into the contiguous 48 States. Exempts from such fee electric energy: (1) used at the electric generating facility concerned; or (2) generated by a nuclear generating facility. Makes such fee effective with respect to electric energy generated, or imported, after December 31, 1984. Makes the fee cease to apply on the earlier of: (1) December 31, 1995; or (2) the date on which all payments required under this Act have been made. Authorizes the Administrator to terminate the fee at an earlier date upon estimation that sufficient funds have been collected to fund all such required payments. Directs the Administrator to promulgate within six months after enactment of this Act regulations setting forth the time and manner required for payment of such fee and related reporting requirements. Establishes civil penalties for: (1) electric utilities (or importers of electric energy) which fail or refuse to pay such fees or to file required reports; and (2) any person who makes false or misleading statements in such required documents. Directs the Administrator to bring civil actions in such cases. Establishes additional criminal penalties for electric utilities (or importers of electric energy) which knowingly commit such violations. Makes conforming amendments. Title II: Control of Nitrogen Oxide Emissions - Directs the Administrator to revise standards of performance for new stationary sources for emissions of nitrogen oxides from electric utility steam generating units which burn bituminous or subbituminous coal and which commence construction after the enactment of this Act. Prohibits the emission of nitrogen oxides from such units at a rate which exceeds: (1) 0.30 pounds per million Btu, in the case of subbituminous coal; and (2) 0.40 pounds per million Btu, in the case of bituminous coal. Adds to provisions relating to emissions from mobile sources to set the following nitrogen oxide emission standards for model year 1986 and after truck and truck engines: (1) gross vehicle weight of 6,000 pounds or less - 1.2 grams per vehicle mile; (2) 6,000 to 8,500 pounds - 1.7 grams per vehicle mile; and (3) more than 8,500 pounds - 4.0 grams per brake horsepower-hour.
United States · United States Congress · 24 May 1983
United States Caribbean Possessions Act - Title I: Eastern Caribbean Regional Development Fund - Lists countries which the President shall consider in designating beneficiary countries for purposes of this title. Prohibits the President from designating a country a beneficiary country: (1) if such country is a communist country; (2) if the country has taken certain expropriating actions against property owned by U.S. citizens; (3) if the country fails to act in good faith with respect to arbitral awards involving U.S. citizens or companies; (4) if the country affords preferential treatment to a developed country other than the United States which adversely affects U.S. commerce unless the President receives certain assurances; (5) if a government-owned entity in such country engages in the broadcast of copyrighted material belonging to U.S. copyright owners without their express consent; and (6) unless such country is party to a treaty regarding the extradition of U.S. citizens. Lists factors the President shall take into account in determining whether to designate a country a beneficiary country. Prohibits the President from terminating the designation of a country as a beneficiary country unless, at least 60 days before the termination, the President has notified the Congress and the beneficiary country of such determination. Directs the President to withdraw or suspend the designation of a country as a beneficiary country if, because of changed circumstances, the country would be barred from designation as a beneficiary country. Establishes in the Treasury the Eastern Caribbean Regional Development Fund. Appropriates to the Fund the amount of money collected from: (1) the import duties on articles entered from beneficiary countries; and (2) the taxes on rum imported into the United States from beneficiary countries. Authorizes the Administrator of the Fund to allocate and distribute the moneys in the Fund to island beneficiary countries. Sets forth the method of allocation. Title II: Tax and Tariff Provisions - Amends the Internal Revenue Code to require that if the amount of taxes collected on rum imported into the United States from beneficiary countries exceeds the amount needed in the Eastern Caribbean Regional Development Fund the excess shall be covered into the treasuries of Puerto Rico and the Virgin Islands. Prohibits granting duty-free treatment to bulk rum manufactured outside the United States, its territories, or possessions.
United States · United States Congress · 19 May 1983
Expresses the support of the House of Representatives for Lebanon's and Israel's agreement on arrangements for the withdrawal of Israeli forces from Lebanon. Calls upon other nations to work toward the withdrawal of all foreign forces from Lebanon. Emphasizes the need of all nations to recognize the sovereignty of Lebanon. Urges Syria and the Palestine Liberation Organization to agree to the arrangements for the withdrawal of their forces from Lebanon.
United States · United States Congress · 18 May 1983
Prescription Drug Freshness Act - Requires the prominent labeling, as to the date beyond which the product shall not be used, of prescription and over-the-counter drugs and pharmaceuticals whose effectiveness or potency becomes diminished after storage. Authorizes the Food and Drug Administration to establish the "beyond use" dates for all applicable products and the manner in which they shall be labeled.
United States · United States Congress · 18 May 1983
Prescription Drug Labeling Act -Amends the Federal Food, Drug, and Cosmetic Act to require that in the labeling and advertising of prescription drugs the established name of such drug must appear each time the drug's proprietary name is used. Allows a pharmacist to fill or refill a prescription for a drug identified by its proprietary name with a substitute drug of the same established name or the same qualitative composition, unless the prescription requires the proprietary name drug exclusively. Requires that such substitute drugs, whether identified in the prescription by proprietary or by established name, be sold to the patient at a cost which is less than the cost of the drug so identified.
United States · United States Congress · 18 May 1983
Prescription Drug Price Information Act - Amends the Federal Food, Drug, and Cosmetic Act to require prescription drug retailers to post the prices of certain commonly prescribed drugs for the general public. Directs each drug retailer to prominently post a list of the prices of the 100 prescription drug products that had the highest dollar volume of retail sales by such drug retailer within a period to be determined by the Secretary of Health and Human Services. Requires the posting for each such drug to: (1) list the drug product under its established name (if any) and its proprietary name (if any); and (2) contain the lowest price at which such drug product is offered for sale in the most commonly dispensed quantity. Prohibits the sale of any prescription drug product whose price is so posted: (1) at a unit price greater than the posted one, if the quantity sold is equal to or greater than the posted quantity; or (2) at a unit price greater than 110 percent of the posted one, if the quantity sold is less than the posted quantity. Provides for injunctive relief to enforce this Act.
United States · United States Congress · 12 May 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that the primary insurance amount for individuals who retired in or after 1979 shall not be less than the primary insurance amount for individuals who retired before 1979.
United States · United States Congress · 11 May 1983
Amends the National Housing Act to extend certain Federal Housing Administration mortgage insurance and assistance programs. Extends the authority of the Secretary of Housing and Urban Development to set maximum interest rates on certain mortgage insurance programs. Amends the Housing Act of 1949 to extend certain Farmers Home Administration mortgage insurance programs and mutual and self-help housing programs. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program. Amends the National Housing Act to extend the national riot reinsurance and crime insurance programs. Amends the Federal Home Loan Mortgage Corporation Act to exempt Corporation securities from Securities and Exchange Commission regulations. Amends the Housing and Urban Development Act of 1970 to direct the Secretary to extend the annual contributions contracts for the experimental housing allowance supply program through September 30, 1994, solely to provide assistance for homeowners participating in such program on June 1, 1983.
United States · United States Congress · 10 May 1983
International Recovery and Financial Stability Act - Title I: Export-Import Bank Act Amendments of 1983 - Export-Import Bank Act Amendments of 1983 - Amends the Export-Import Bank Act of 1945 to extend the authority of the Export-Import Bank of the United States until September 30, 1985. Declares that it is the policy of the United States to insist that participants in the Guidelines for Officially Supported Export Credits honor their pledge not to offer "tied aid credit" containing a grant element less than the minimum specified in the guidelines. Defines "tied aid credit" to mean credit which is: (1) provided for development aid purposes; (2) financed by public funds or, as a mixed credit, partly from public and partly from private funds; and (3) tied to the purchase of exports from the country granting the credit. Declares that the United States shall try to negotiate an increase in the minimum grant element of tied aid credits. Establishes the Competitive Tied Aid Fund. Requires the money in the Fund to be used to cover a portion of the subsidy contained in any credit granted by the Bank. Permits the Bank to extend such credit only if the Board of Directors and the Secretary of the Treasury determine that: (1) the credit will help U.S. exports competing with exports assisted by foreign official financing in the form of a tied aid credit; (2) the foreign official financing is an abuse of the tied aid credit; and (3) the Secretary of the Treasury determines that the Bank has properly calculated the portion of the subsidy to be covered by money in the fund. Sets forth the criteria for an abuse of tied aid credit. Prohibits the Board from approving tied aid credit unless a portion of its subsidy is covered by funds drawn from the Fund. Requires the Board to report to both Houses of Congress on any approved tied aid credit within 30 days of approving it. Authorizes appropriations. Requires the Board to report to Congress if, at the end of any quarter of any fiscal year after FY 1983, the value of the total capital stock and retained earnings of the Bank falls below 50 percent of the capital stock and retained earnings of the Bank at the end of FY 1983. Emphasizes that the Bank's primary policy is to support U.S. exports in all the Bank's programs. Requires the Bank to reserve not less than: (1) six percent of the Bank's new FY 1984 loans and loan guarantees for financing exports by small businesses; and (2) ten percent of the Bank's new FY 1985 loans and loan guarantees for financing exports by small businesses. Requires the Bank to submit its annual report to Congress on January 1 of each year. Requires the report to contain a comprehensive and detailed description of plans for implementing the provisions relating to loans and loan guarantees to small businesses. Requires that the Bank's annual report to the appropriate congressional committees shall be submitted within three months of the end of the reporting period. Requires the President to appoint at least one member of the Bank's Board to represent the interests of small business. Requires the Bank to work to ensure that U.S. companies are afforded an equal opportunity to bid for insurance in connection with transactions assisted by the Bank. Directs the Chairman of the Bank to review the Bank's policy with respect to insurance and to undertake actions to promote equal and nondiscriminatory opportunities to bid for insurance in connection with international trade. Requires the Bank to report by May 15, 1984, to the appropriate congressional committees concerning insurance problems. Increases the number of members of the Bank's Advisory Committee from nine to 12. Requires at least three of those members to be representatives of the small business community. Requires the Committee to meet once each quarter and to submit with the Bank's annual report its comments and suggestions to the Congress. Authorizes appropriations to prepare the U.S. International Trade Commission report on the adverse effect of the Bank's loans and guarantees on domestic industries. Imposes a 60-day deadline for completion of inquiries into purported foreign noncompetitive financing. Requires the Secretary of the Treasury to authorize the Bank to issue financing to U.S. sellers who are competing with foreign exporters who have received noncompetitive financing only if: (1) the availability of foreign official noncompetitive financing is likely to be a "significant" (currently "determining") factor in the sale; and (2) such foreign noncompetitive financing has not been withdrawn. Title II: International Economic Recovery - Directs the President to encourage industrialized nations to: (1) take multilateral actions to adopt fiscal policies which will result in sustainable, noninflationary economic growth and increased worldwide employment; (2) develop plans for reducing the financial pressures on certain debt-ridden nations by extending the maturity of such debt; and (3) begin to promote the effectiveness and consistency of the regulation and supervision of international banking. Requires the President to report to Congress on such activities and to include in such report recommendations for legislation. Title III: International Monetary Fund - Amends the Bretton Woods Agreements Act to increase the authorized loans to the International Monetary Fund. Prohibits any representative of the United States from instructing the U.S. Executive Director to the Fund to consent to any amendment to the February 24, 1983, decision of the Fund's Executive Directors if the amendment would significantly alter the terms of U.S. participation in the General Arrangements to Borrow. Authorizes the U.S. Governor of the Fund to consent to an increase in the U.S. quota in the Fund. Expresses the sense of the Congress that: (1) the lack of sufficient information currently available to international lenders threatens the stability of the international monetary system; and (2) the Fund should adopt measures to ensure the availability of more complete and timely financial information. Directs the Secretary of the Treasury to instruct the U.S. Executive Director to the Fund to: (1) initiate relevant discussions with other directors of the Fund and with the Fund management; and (2) propose and vote for certain information collection and publication procedures. Authorizes the President to require persons subject to U.S. jurisdiction to provide information to the Fund. Requires the Secretary to report to the appropriate congressional committees on progress made toward establishing information collection procedures within the Fund. Amends the Special Drawing Rights Act to prohibit any representative of the United States from approving a new allocation of Special Drawing Rights unless Congress authorizes such action. Amends the Bretton Woods Agreements Act to require the U.S. Executive Director to the Fund to oppose any credit drawings on the Fund or any of its facilities by countries which practice apartheid. Requires the U.S. Executive Director to the Fund to present proposals to the Fund's Executive Board that ensure that each member country using Fund resources takes steps to eliminate import restrictions and unfair export subsidies which are inconsistent with international agreements and which have serious adverse impact on any member's exports or employment. Requires the Secretary, if the Fund does not adopt such proposals, to consult with the appropriate congressional committees before instructing the U.S. Executive Director to provide Fund resources for a country which has such import restrictions or unfair export subsidies. Requires the Secretary to be informed of all such restrictions and subsidies implemented by member countries. Directs the Secretary to submit to Congress, within 180 days of enactment of this Act, a report on the policies of the Fund. Sets forth the information to be contained in the report. Requires the U.S. representatives to the Fund to recommend and work for certain changes in Fund policies and decisions to ensure the effectiveness of economic adjustment programs supported by the Fund. Requires the National Advisory Council on International Monetary and Financial Policies to include in its annual report an analysis of the extent to which Fund policies and practices reflect such recommendations. Directs the Secretary to instruct the U.S. Executive Director of the Fund to propose that the Fund adopt these policies with respect to international lending: (1) intensification of the Fund's examination of the trend and volume of external indebtedness of private and public borrowers in a member country when consulting with such country's government on its economic policies; (2) consideration of limiting public sector external short- and long-term borrowing as part of any Fund-approved stabilization program; and (3) publication of the Fund's evaluation of the trend and volume of international lending. Title IV: International Lending Supervision - International Lending Supervision Act of 1983 - Requires each appropriate Federal banking agency to evaluate banking institution foreign country exposure and transfer risk. Requires each such agency to establish examination and supervisory procedures to assure that factors such as foreign country exposure and transfer risk are considered in evaluating the adequacy of the capital of banking institutions. Requires each such agency to require a banking institution to establish and maintain a special reserve whenever the agency determines that: (1) the institution's assets have been impaired by a protracted inability of a foreign country's public or private borrowers to make payments on their external indebtedness; or (2) there is a substantial likelihood that such debt cannot reasonably be expected to be repaid according to its original terms without additional borrowing or a major restructuring. Requires the Federal Financial Institutions Examination Council to promulgate regulations to account for fees charged by a banking institution in connection with an international loan. Requires each appropriate Federal banking agency to require each banking institution with foreign country exposure to submit, at least four times each year, information regarding that exposure. Requires each such agency to require banking institutions to publish information regarding material foreign country exposure in relation to assets and to capital. Requires the Examination Council and the Federal banking agencies to consult with foreign banking supervisory authorities to reach understandings aimed at achieving the adoption of effective and consistent supervisory policies and practices with respect to international lending. Requires the Examination Council to report to the appropriate congressional committees on the international banking examination and supervisory procedures of certain foreign countries. Requires each appropriate Federal banking agency to establish adequate levels of capital for each category of banking institution. Declares that failure of a banking institution to maintain its established level of capital shall constitute an unsafe and unsound practice within the meaning of the Federal Deposit Insurance Act. Requires each such agency to require any banking institution which does not maintain its prescribed capital level to submit and adhere to a plan to achieve its prescribed level. Directs the Chairman of the Federal Reserve Board and the Secretary of the Treasury to encourage governments, central banks, and regulatory authorities of other major banking countries to work toward maintaining and strengthening the capital bases of banking institutions involved in international lending. Requires the Chairman and the Secretary to report to Congress on the progress in achieving such goal. Prohibits banking institutions from extending more than $1,000,000 in credit to finance a project involving the construction or operation of any mining, processing, or manufacturing facility located outside the United States unless a written economic feasibility evaluation of such foreign project is prepared and approved by a senior official of such institution. Sets forth the factors to be included in the evaluation. Requires such evaluations to be reviewed by the appropriate Federal banking agencies. Sets forth the general authorities of the Examination Council and the appropriate Federal banking agencies. Sets forth penalties for violations of this Act. Requires the Examination Council and the appropriate Federal banking agencies to report to specified congressional committees on actions taken to implement this title. Provides for legislative review and congressional veto of rules and regulations promulgated by the Examination Council or by an appropriate Federal banking agency pursuant to this title. Permits the waiver of such legislative review. Declares that congressional inaction on a rule or regulation shall not be deemed approval of such rule or regulation. Directs the Comptroller General to audit the Examination Council and the appropriate Federal banking agencies but permits the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate Federal banking agency has consented in writing. Prohibits audits of the Federal Reserve Board and Federal Reserve banks from including specified transactions. Prohibits employees of the General Accounting Office from disclosing information identifying an open bank, an open bank holding company, or a customer of a bank or bank holding company. Exempts certain information from such prohibition. Sets forth the method which the Comptroller General shall use in carrying out an audit. Title V: Multilateral Development Banks - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain pending resolutions which were proposed at a special meeting in February 1983 and which provide for increases in the Bank's authorized capital stock and subscriptions and in the resources for the Fund for Special Operations. Authorizes the U.S. Governor of the Bank, upon adoption of the resolutions, to subscribe to a specified number of shares of the Bank's capital stock and to contribute a specified amount to the Fund for Special Operations. Authorizes appropriations. Declares that it is the policy of the United States that no personnel recommendations for actions regarding the personnel of the Inter-American Development Bank, the African Development Bank, or the Asian Development Bank shall be based on the political philosophy or activity of the individual under consideration. Amends the Asian Development Bank to authorize the U.S. Governor of the Bank to: (1) subscribe to a specified number of shares of the Bank's capital stock; and (2) contribute a specified amount to the Asian Development Fund. Authorizes appropriations. Amends the African Development Fund Act to authorize the U.S. Governor of the Fund to contribute a specified amount to the Fund. Authorizes appropriations. Amends the International Financial Institutions Act to require the U.S. Government to try to channel multilateral assistance to countries other than those whose governments: (1) engage in a pattern (current law refers to a "consistent" pattern) of gross violations of human rights; or (2) provide refuge to international terrorists. Requires that, within 30 days of the end of each calendar quarter, the Secretary of the Treasury shall issue the quarterly report to Congress on the instances of U.S. opposition to multilateral assistance to a country based on the country's human rights record. Requires the Secretary to conduct a study to be submitted to Congress on how the multilateral development institutions could more actively encourage foreign direct investment and commercial capital flows and channel such investment and capital flows to developing countries for sound and productive development projects through a new investment banking facility at one or more of these institutions. Requires the study to evaluate whether the multilateral institutions could help increase foreign direct investment and commercial capital flows by insuring that the interests of investors and host governments are adequately protected. Directs the Secretary to solicit comments on the study from multilateral development institutions.
United States · United States Congress · 10 May 1983
Expresses the sense of the House of Representatives that regulations relating to title IX of the Education Amendments of 1972 (concerning sex discrimination in education) should not be amended or altered in any manner which will lessen the comprehensive coverage of such statute in eliminating gender discrimination throughout the American educational system.
United States · United States Congress · 5 May 1983
International Recovery and Financial Stability Act - Title I: International Economic Recovery - Directs the President to encourage industrialized nations to: (1) take multilateral actions to adopt fiscal policies which will result in sustainable, noninflationary economic growth and increased worldwide employment; (2) develop plans for reducing the financial pressures on certain debt-ridden nations by extending the maturity of such debt; and (3) begin to promote the effectiveness and consistency of the regulation and supervision of international banking. Requires the President to report to Congress on such activities and to include in such report recommendations for legislation. Title II: International Monetary Fund - Amends the Bretton Woods Agreements Act to increase the authorized loans to the International Monetary Fund. Prohibits any representative of the United States from instructing the U.S. Executive Director to the Fund to consent to any amendment to the February 24, 1983, decision of the Fund's Executive Directors if the amendment would significantly alter the terms of U.S. participation in the General Arrangements to Borrow. Authorizes the U.S. Governor of the Fund to consent to an increase in the U.S. quota in the Fund. Expresses the sense of the Congress that: (1) the lack of sufficient information currently available to international lenders threatens the stability of the international monetary system; and (2) the Fund should adopt measures to ensure the availability of more complete and timely financial information. Directs the Secretary of the Treasury to instruct the U.S. Executive Director to the Fund to: (1) initiate relevant discussions with other directors of the Fund and with the Fund management; and (2) propose and vote for certain information collection and publication procedures. Authorizes the President to require persons subject to U.S. jurisdiction to provide information to the Fund. Requires the Secretary to report to the appropriate congressional committees on progress made toward establishing information collection procedures within the Fund. Amends the Special Drawing Rights Act to prohibit any representative of the United States from approving a new allocation of Special Drawing Rights unless Congress authorizes such action. Amends the Bretton Woods Agreements Act to require the U.S. Executive Director to the Fund to oppose any credit drawings on the Fund or any of its facilities by countries which practice apartheid. Requires the U.S. Executive Director to the Fund to present proposals to the Fund's Executive Board that ensure that each member country using Fund resources takes steps to eliminate import restrictions and unfair export subsidies which are inconsistent with international agreements and which have serious adverse impact on any member's exports or employment. Requires the Secretary, if the Fund does not adopt such proposals, to consult with the appropriate congressional committees before instructing the U.S. Executive Director to vote for a country which has such import restrictions or unfair export subsidies. Requires the Secretary to be informed of all such restrictions and subsidies implemented by member countries. Directs the Secretary to submit to Congress, within 180 days of enactment of this Act, a report on the policies of the Fund. Sets forth the information to be contained in the report. Directs the President to instruct the Secretary, the Chairman of the Federal Reserve Board, and other appropriate Federal officials to encourage countries to formulate economic adjustment programs to deal with their balance of payments difficulties and external debt. Sets forth specified changes in the Fund's guidelines, policies, and decisions that the U.S. representatives to the Fund shall recommend. Directs the U.S. Executive Director of the Fund to vote against providing assistance from the Fund for an economic adjustment program unless: (1) the program provides for converting high-interest short-term debt into lower-interest long-term debt; (2) the total amount of principal and interest payments required are both a manageable and prudent percentage of the country's projected export earnings; and (3) the program will not adversely affect the international economy and the long-term solvency of banks. Permits the U.S. Executive Director to vote for an economic adjustment program that does not meet such standards if the Director provides the Secretary with written proof of exigent or unusual circumstances which warrant waiving the standards. Directs the Secretary to instruct the U.S. Executive Director of the Fund to propose that the Fund adopt these policies with respect to international lending: (1) intensification of the Fund's examination of the trend and volume of external indebtedness of private and public borrowers in a member country when consulting with such country's government on its economic policies; (2) consideration of limiting public sector external short- and long-term borrowing as part of any Fund-approved stabilization program; and (3) publication of the Fund's evaluation of the trend and volume of international lending. Title III: International Lending Supervision - International Lending Supervision Act of 1983 - Requires each appropriate Federal banking agency to evaluate banking institution foreign country exposure and transfer risk. Requires each such agency to establish examination and supervisory procedures to assure that factors such as foreign country exposure and transfer risk are considered in evaluating the adequacy of the capital of banking institutions. Requires each such agency to require a banking institution to establish and maintain a special reserve whenever the agency determines that: (1) the institution's assets have been impaired by a protracted inability of a foreign country's public or private borrowers to make payments on their external indebtedness; or (2) there is a substantial likelihood that such debt cannot reasonably be expected to be repaid according to its original terms without additional borrowing or a major restructuring. Requires the Federal Financial Institutions Examination Council to promulgate regulations to account for fees charged by a banking institution in connection with an international loan. Requires each appropriate Federal banking agency to require each banking institution with foreign country exposure to submit, at least four times each year, information regarding that exposure. Requires each such agency to require banking institutions to publish information regarding material foreign country exposure in relation to assets and to capital. Requires the Examination Council and the Federal banking agencies to consult with foreign banking supervisory authorities to reach understandings aimed at achieving the adoption of effective and consistent supervisory policies and practices with respect to international lending. Requires the Examination Council to report to the appropriate congressional committees on the international banking examination and supervisory procedures of certain foreign countries. Requires each appropriate Federal banking agency to require banking institutions to maintain adequate levels of capital. Provides for regulations to implement this Act. Sets forth the general authorities of the Examination Council and the appropriate Federal banking agencies. Sets forth penalties for violations of this Act. Requires the Examination Council and the appropriate Federal banking agencies to report to specified congressional committees on actions taken to implement this Act. Provides for legislative review and congressional veto of rules and regulations promulgated by the Examination Council or by an appropriate Federal banking agency pursuant to this Act. Permits the waiver of such legislative review. Declares that congressional inaction on a rule or regulation shall not be deemed approval of such rule or regulation. Directs the Comptroller General to audit the Examination Council and the appropriate Federal banking agencies but permits the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate Federal banking agency has consented in writing. Prohibits audits of the Federal Reserve Board and Federal Reserve banks from including specified transactions. Prohibits employees of the General Accounting Office from disclosing information identifying an open bank, an open bank holding company, or a customer of a bank or bank holding company. Exempts certain information from such prohibition. Sets forth the method which the Comptroller General shall use in carrying out an audit.
United States · United States Congress · 28 April 1983
Amends the Federal Water Pollution Control Act (also known as the Clean Water Act) to direct the Administrator of the Environmental Protection Agency, at the request of the Governor of a State affected by the interstate management plan developed under the Chesapeake Bay program, to make a grant to implement management mechanisms in the plan if the State has, within one year after the date of enactment of this Act, approved and committed to implement all or substantially all aspects of the plan. Limits such grants to 55 percent of the plan implementation costs in any year and requires State expenditure of non-Federal funds to cover at least 45 percent of such costs during such fiscal year. Directs the Administrator to continue the Chesapeake Bay program for: (1) assessing the relationship between point and nonpoint source pollution and the impact of such pollution on water quality; and (2) research on the impact of pollutant loadings, particularly nutrients, on bay fisheries resources (with special attention to be given to the striped bass). Directs the Administrator to immediately begin to: (1) assess the principal factors having an adverse effect on the environmental quality of Narragansett Bay, as perceived by both scientists and users; and (2) direct and coordinate, subsequent to a review of presently ongoing research, research and abatement programs that will most efficiently address those factors. Directs the Administrator to: (1) analyze all environmental sampling data presently being collected on Narragansett Bay and undertake methods of improving such data collection; (2) establish a continuing capacity for collecting, storing, analyzing, and disseminating such data; (3) institute a sampling program where present programs are deficient; and (4) determine what units of government have management responsibility for the environmental quality of the bay and how such responsibility can be structured to improve coordination among units of government, research and educational institutions, and concerned groups and individuals. Authorizes appropriations for FY 1983 through 1987 to carry out Chesapeake and Narragansett Bays programs.
United States · United States Congress · 28 April 1983
Export-Import Bank Act Amendments of 1983 - Amends the Export-Import Bank Act of 1945 to extend the authority of the Export-Import Bank of the United States until September 30, 1985. Declares that it is the policy of the United States to insist that participants in the Guidelines for Officially Supported Export Credits honor their pledge not to offer "tied aid credit" containing a grant element less than the minimum specified in the Guidelines. Defines "tied aid credit" to mean credit which is: (1) provided for development aid purposes; (2) financed by public funds or, as a mixed credit, partly from public and partly from private funds; and (3) tied to the purchase of exports from the country granting the credit. Declares that the United States shall try to negotiate an increase in the minimum grant element of tied aid credits. Establishes the Competitive Tied Aid Fund. Requires the money in the Fund to be used to cover a portion of the subsidy contained in any credit granted by the Bank. Permits the Bank to extend such credit only if the Board of Directors and the Secretary of the Treasury determine that: (1) the credit will help U.S. exports competing with exports assisted by foreign official financing in the form of a tied aid credit; (2) the foreign official financing is an abuse of the tied aid credit; and (3) the Secretary of the Treasury determines that the Bank has properly calculated the portion of the subsidy to be covered by money in the fund. Sets forth the criteria for an abuse of tied aid credit. Prohibits the Board from approving tied aid credit unless a portion of its subsidy is covered by funds drawn from the Fund. Requires the Board to report to both Houses of Congress on any approved tied aid credit within 30 days of approving it. Authorizes appropriations. Requires the Board to report to Congress if, at the end of any quarter of any fiscal year after FY 1983, the value of the total capital stock and retained earnings of the Bank falls below 50 percent of the capital stock and retained earnings of the Bank at the end of FY 1983. Emphasizes that the Bank's primary policy is to support U.S. exports in all the Bank's programs. Requires the Bank to reserve not less than: (1) six percent of the Bank's new FY 1984 loans and loan guarantees for financing exports by small businesses; and (2) ten percent of the Bank's new FY 1985 loans and loan guarantees for financing exports by small businesses. Requires the Bank to submit its annual report to Congress on January 1 of each year. Requires the report to contain a comprehensive and detailed description of plans for implementing the provisions relating to loans and loan guarantees to small businesses. Requires that the Bank's annual report to the appropriate congressional committees shall be submitted within three months of the end of the reporting period. Requires the President to appoint at least one member of the Bank's Board to represent the interests of small business. Authorizes appropriations to prepare the U.S. International Trade Commission report on the adverse effect of the Bank's loans and guarantees on domestic industries. Imposes a 60 day deadline for completion of inquiries into purported foreign noncompetitive financing. Requires the Secretary of the Treasury to authorize the Bank to issue financing to U.S. sellers who are competing with foreign exporters who have received noncompetitive financing only if: (1) the availability of foreign official noncompetitive financing is likely to be a "significant" (currently "determining") factor in the sale; and (2) such foreign noncompetitive financing has not been withdrawn.
United States · United States Congress · 27 April 1983
Defense Industrial Base Revitalization Act - Title I: Industrial Modernization and Strategic and Critical Materials - Amends the Defense Production Act of 1950 to direct the President to take immediate action to assist in the modernization of industries related to defense. Limits such assistance to small and medium-sized businesses unless national security requires otherwise. Directs the Secretary of Defense to determine immediately and semiannually which industries should be given priority and the type of assistance which would be most helpful. Requires each proposal to include a financial plan which specifies how the assistance offered will insure that the company involved will become more economically viable. Directs the President to assist persons expanding the domestic capability to produce or process critical and strategic materials. Sets forth the terms of such assistance, including qualification through public solicitation and the President's right to refuse delivery of items exceeding market price. Prohibits the extension of assistance for establishments relocating from one area to another or for persons divesting other persons of contracts customarily performed by them. Authorizes appropriations for FY 1984-1986. Permits the President to utilize the borrowing authority of the Treasury as specified and to use unobligated funds in Department of Defense appropriations. Limits the amount of funds used to the amounts provided in advance in appropriation Acts. Title II: Defense-Related Skill Training and Education -- Directs the President to implement a national program to train workers in skills necessary in key defense industries. Requires the Secretary of Defense to transmit to the President recommendations as to the necessary skills. Makes assistance available through grants to Governors for allotment to State vocational education programs in States with previously approved plans for a three-year program of skills training. Requires that the State job training coordinating council be given an opportunity to participate in the development of, review, and comment on such plan. Requires each State to make contributions to such program of ten percent of its costs to qualify for extensions of such programs. Directs the President to implement a grant program to assist institutions of higher education in obtaining and installing modern equipment to train scientific and technical personnel needed in the key industries. Sets forth the terms of such assistance, including application procedures, limits on grants, and the requirement that such equipment be purchased through competitive bidding. Requires such equipment to be of U.S. origin. Authorizes appropriations for such purpose for FY 1984-1986. Directs the Comptroller General to monitor this program and submit an annual report to Congress. Directs the Office of Technology Assessment to study the public facilities or infrastructure essential to the defense industrial base and report to Congress on recommendations for measures to avoid serious impediments to production. Sets forth the labor standard to be maintained on any project funded under this Act, including compliance with the wage requirements of the Davis-Bacon Act. Directs the President to transmit to Congress every six months a listing of all loans, loan guarantees and commitments for loan guarantees made in assisting in the modernization of defense-related industries. Title III: Amendments to Defense Production Act of 1950 - Requires each executive department and agency to follow the principle of geographical dispersal to the degree possible in constructing any Government-owned industrial facility. Directs such departments and agencies to continuously assess the capability of the defense industrial base to satisfy near-term and increased mobilization production requirements. Increases the maximum obligation of any guaranteeing agency for loans necessary to prevent personal insolvency or bankruptcy that would impede the production and delivery of materials or the performance of services for the national defense. Decreases from 60 to 30 days the period provided for the congressional review and veto of such loan guarantees. Permits such a loan guarantee to be made immediately if both Houses adopt a concurrent resolution approving it. Postpones until the end of FY 1986 the termination date of certain provisions of the Defense Production Act of 1950, including certain priorities, allocations, and expansion of productive capacity and supply provisions. Repeals the National Commission on Supplies and Shortages Act of 1974. Amends the Defense Production Act of 1950 to require any defense contractor who includes an offset agreement in excess of $5,000,000 in a defense contract with a nation other than the United States to file an annual report with the Secretary of the Treasury. Directs the Secretary to report annually to the appropriate congressional committees on the number and amount of offsets in such contracts. Directs the Secretary of Defense to report to the appropriate congressional committees within 30 days of signing any memoranda of understanding involving offsets in contracts in excess of $5,000,000.
United States · United States Congress · 27 April 1983
Acid Deposition Control Act - Amends title I of the Clean Air Act (Air Pollution Prevention and Control) to establish a new program (Interstate Transport and Acid Precursor Reduction) to: (1) regulate the long-range transport of pollutants and their transformation products; and (2) reduce acid compounds, and their precursors, in the atmosphere. Establishes a long-range transport corridor, the "acid deposition impact region," consisting of 31 States (east of or bordering the Mississippi River) and the District of Columbia. Directs the Administrator of the Environmental Protection Agency to: (1) conduct a study of air pollution problems associated with the long-range transport of pollutants in the portions of the continental United States not included in the acid deposition impact region; and (2) report the results to Congress within two years. Prohibits the increase of emissions of sulfur dioxide and of oxides of nitrogen from stationary sources in the acid deposition impact region over such total actual emissions there as of January 1, 1981. Prohibits any major stationary source in the region from significantly increasing such emissions, unless a not otherwise required net reduction of such regional pollution, in excess of the proposed increase, has been identified. Requires a ten-year phased reduction in annual emissions of sulfur dioxide in the region of 10,000,000 tons from the total 1980 level. Requires each State to achieve reductions in annual sulfur dioxide emissions according to a formula based on each State's share of utility emissions in the region. Permits State Governors to agree to reallot the required reductions. Requires each State in the region to adopt, within two years, enforcement measures to achieve such reduction. Directs the Administrator to approve such measures within four months if specified criteria are met. Sets forth a uniform sulfur dioxide emission limit for fossil-fuel-burning electric generating facilities (which are major stationary sources not subject to new performance standards) in any State that has not adopted, or has not had approved, such enforcement measures by such deadlines. Requires that owners or operators of such sources: (1) submit an approvable reduction plan and schedule within three years of enactment of this Act; (2) comply with such plan and schedule; and (3) achieve the required emission reduction at the earliest practicable date, but no later than ten years after enactment of this Act. Specifies methods or programs for enforceable net emission reduction that may be used by a State or the owner or operator of a source. Permits a State or owner or operator to substitute reduction in emissions of oxides of nitrogen for required sulfur dioxide emissions reductions, at a specified rate. Adds to State implementation plan requirements a prohibition of stationary source air pollutant emissions in amounts that will contribute to atmospheric loadings of pollutants or their transformation products so as to adversely affect public health or welfare or the environment in any other State or foreign country.
United States · United States Congress · 27 April 1983
Title I: Congressional Budget Process - Amends the Congressional Budget Act of 1974 to revise the timetable for the congressional budget process to provide for adoption of one concurrent resolution on the budget. Repeals the requirement of a second concurrent resolution on the budget. Permits the concurrent resolution to contain a second title comprised of recommended adjustments which specify the total amount by which spending authority, permanent budget authority and revenues are to be changed and which direct the committees of jurisdiction to consider changes to accomplish such total amount. Requires the budget committees of each House to report the concurrent resolution on or before March 15 of each year. Includes within the required accompanying report: (1) an explanation of differences between the Budget Committee's recommendations and the views and estimates of the standing committees of its House; and (2) a discussion and assessment of national budget priorities. Requires that action be completed on bills providing authorizations, new budget authority, new spending authority, and revenues by August 7 of each year. Requires the Director of the Congressional Budget Office to submit an economic forecast report to each House of Congress on February 1 of each calendar year. Provides for automatic continuing appropriations if by the beginning of the fiscal year no sums have been appropriated for that year for programs, projects, or activities for which sums were appropriated for the preceding year. Revises the reconciliation process to include reconciliation directions if needed in the first budget resolution. Requires action to be completed on the reconciliation resolution by September 25 of each calendar year. Prohibits Congress from adjourning until action is completed on the reconciliation resolution. Requires that new budget authority, new spending authority and revenue legislation be within appropriate levels. Title II: Miscellaneous Amendments to the Congressional Budget and Impoundment Control Act of 1974 - Amends the Congressional Budget and Impoundment Control Act of 1974 to make technical and conforming changes. Requires specified committees of the House and of the Senate to make the following studies: (1) a study of existing spending authority and permanent appropriations (Appropriations Committees); and (2) studies of off-budget agencies and of additional budget reform proposals (House Rules Committee and Senate Budget Committee). Title III: Amendments to the Rules of the House of Representatives - Amends the Rules of the House of Representatives to make technical and conforming changes. Title IV: Additional Provisions - Declares that it is the sense of Congress that the President shall submit his budget to Congress not later than the first Monday after the first day of January of of each calendar year and that its justification documents shall be submitted to Congress within two weeks thereafter. Sets forth the effective date of this Act.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that an individual's "years of coverage" for purposes of computing such individual's primary insurance amount under title II shall include those years (up to a specified maximum) during which such individual had a child age six or under in his or her care for more than six months.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to restore the minimum monthly social security benefit with respect to benefits for months after December 1981.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require that, upon the death of an individual who was married at least three years prior to the date of death or was divorced after at least three years of marriage, the surviving spouse or surviving divorced spouse shall inherit all of the wages and self-employment income credited to such individual during marriage.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to eliminate the requirement that the amount of monthly benefits payable to a spouse, surviving spouse, or mother be reduced by the amount such spouse, surviving spouse, or mother receives in monthly payments from a Federal or State pension plan.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to enable an insured individual's spouse who has attained the age of 50 and is not entitled to any other monthly benefits to obtain a transition benefit for four months upon the death of the insured individual. Establishes the amount of such transition benefit at 71.5 percent of the primary insurance amount of the insured individual or, if it is higher, 71.5 percent of the primary insurance amount of the spouse.
United States · United States Congress · 26 April 1983
Social Security Modernization Act - Amends title II (Old age, Survivors and Disability Insurance) of the Social Security Act to provide that the combined earnings of a married couple which are attributable to the period of their marriage shall be shared equally between them for purposes of determining the eligibility for and amount of OASDI benefits to which each spouse is or may become separately entitled. Credits the survivor of the marriage with 100 percent of the combined total wages for the period of the marriage. Provides that this Act shall not apply in specified cases where it would result in a reduction of OASDI benefits.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide full benefits for disabled widows and widowers without regard to age.
United States · United States Congress · 26 April 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that the combined earnings of a married couple which are attributable to the period of their marriage shall be shared equally between them for purposes of determining the eligibility for and amount of old-age or disability insurance benefits to which each spouse is or may be come separately entitled if: (1) their marriage lasted at least three years; (2) they are divorced; and (3) either of them elects to have such combined earnings so shared. Makes this Act inapplicable to a surviving divorced spouse if it would result in a reduction in OASDI benefits.
United States · United States Congress · 21 April 1983
Amends the Defense Production Act of 1950 to prohibit the Secretary of Defense from entering any defense contract in excess of $5,000,000 with any manufacturer in the United States unless such manufacturer agrees to sponsor or conduct job training programs in skills which are in short supply.
![Official portrait of Rep. St Germain, Fernand J. [D-RI-1]](https://www.congress.gov/img/member/s000762_200.jpg)