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United States · Official source
1,966 records where Rep. St Germain, Fernand J. [D-RI-1] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 8 September 1977
Amends the Small Business Act to authorize the Small Business Administration to appoint temporary employees to make and administer disaster loans in the event of a disaster declaration.
United States · United States Congress · 8 September 1977
Consumer Financial Services Act - Title I: Payment of Interest on Deposits or Accounts - Permits federally-insured commercial banks, savings and loan associations, and credit unions to offer negotiable order of withdrawal (NOW) accounts. Permits share draft accounts for credit unions. Delays the authority to offer such accounts until one year after the enactment of this Act. Amends the Federal Reserve Act to authorize the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration, jointly as a committee, to prescribe interest rate limitations on such accounts for a three-year period after the effective date of this Act. Requires uniform interest rates on such accounts and requires that such rates shall not be less than that set by the board for savings deposits of member banks. Title II: Reserve Requirements and Expanded Deposit Powers - Amends the Federal Reserve Act to impose reserve requirements on all depository institutions for NOW accounts and share drafts at levels the Federal Reserve Board may prescribe. Sets ranges for reserve ratios on these accounts and on the demand deposits of member banks. Sets forth a three-year phase-in for required reserves on outstanding NOW's and share draft accounts of non-member depository institutions. Requires and provides for the maintenance of reserve balances on NOW accounts or share draft accounts. Authorizes payment of interest on reserve balances. Amends the Home Owners' Loan Act to authorize NOW accounts for Federal savings and loan associations. Requires all federally-insured savings and loan associations to maintain reserves on NOW accounts. Amends the Federal Reserve Act to authorize Federal Reserve Banks to provide clearing services for all depository institutions. Title III: Extension of Flexible Authority to Impose Interest Rate Ceilings on Deposits - Extends by two years the authority of the Federal Reserve Board to prescribe interest rates on deposits. Title IV: Charters for Thrift Institutions - Amends the Home Owners' Loan Act of 1933 and the National Housing Act to offer a Federal charter option to Federal Mutual Savings Banks. Indemnifies the Federal Savings and Loan Insurance Corporation for losses incurred by the conversion of any State-chartered insured mutual savings bank. Title V: Lendings and Investment Powers - Amends the Home Owners' Loan Act to name the lending and investment powers of Federal savings and loan association and to classify such power by percentage of asset limitations. Title VI: Deposit Insurance for Retirement Plans - Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to increase the deposit insurance levels for Individual Retirement Accounts (IRA) and Keogh accounts from $40,000 to $100,000.
United States · United States Congress · 5 August 1977
Rail Rehabilitation Act - Title I: Findings, Purpose, and Definitions - Declares that the purposes of this Act are to designate an Interstate Railroad System, to rehabilitate the lines within such System, and to transfer to the States the responsibility for maintaining rail lines not included within such System. Title II: Interstate Railroad System - Requires each rail carrier to provide the Secretary of Transportation with specified information regarding its rail lines. Stipulates that the Initial Interstate Railroad System shall be comprised of: (1) all rail lines operated by railroad companies within the United States; (2) all out-of-service but not abandoned rail lines controlled by domestic railroad companies; and (3) such rail lines outside the United States which are operated by a railroad company which operates primarily within the United States and which are deemed essential to the System by the Secretary. Specifies exceptions to such inclusion. Directs the Secretary to prepare and distribute a report containing a description of all rail lines included in the Initial System and a report identifying all rail lines not included in the Initial System and the reason for such exclusion. Directs the Rail Services Planning Office of the Interstate Commerce Commission to hold public hearings regarding the establishment of the Initial System, and to report to the Secretary its recommendations for additions to and deletions from such System. Directs the Secretary, after receiving such recommendations, to prepare and release a summary of an Intermediate Interstate Railroad System. Requires the Secretary to include findings in support of each addition to or deletion from the Initial System. Stipulates that the Intermediate System shall designate the future maintenance standards of each rail line in the System according to specified criteria. Directs the Rail Services Planning Office to hold public hearings to solicit comments on the Intermediate System and to report to the Secretary its recommendations for additions to and deletions from such System. Directs the Secretary, after receiving such recommendations, to prepare and transmit to Congress the Final Interstate Railroad System. Stipulates that the Final System shall contain no deletions from the Intermediate System except those deletions recommended by the Office or approved by the Governor of the State in which the rail lines to be deleted are included. Stipulates that the Final Plan shall contain future maintenance standards for each rail line which are no lower than those contained in the Intermediate System except under specified circumstances. Stipulates that the Final System shall be deemed approved unless either the House of Representatives or the Senate passes a resolution of disapproval within 60 days. Directs that, in the event such a resolution is passed, the Secretary shall submit a revised System to Congress for review. Directs the Secretary, within 90 days of receiving the Office's recommendations regarding the Intermediate System, to establish a rehabilitation, capital improvement, and maintenance program for the restoration of all rail lines in the System to the future maintenance standards set forth in the Final System. Stipulates that this entire program shall be scheduled for completion within 12 years after the enactment of this Act. Directs the Secretary and the Secretary of the Army, within three years after the enactment of this Act, to carry out a study of the long-term capital needs for the major upgrading of the Final System. Directs the Administrator of the Federal Rail Property Administration (as established by this Act) to establish a revised rehabilitation, capital improvement and maintenance program showing the schedule for completion of each element of the program. Stipulates that all rail properties subject to reorganization under the Regional Rail Reorganization Act of 1973 shall be part of the Final System. Title III: Federal Rail Property Administration - Establishes the Federal Rail Property Administration within the Department of Transportation. Authorizes the Administration to acquire rail lines and transportation property other than rail lines from any railroad company operating within the United States or whose principal place of business is within the United States. Stipulates that such property may include United States railroads outside the U.S. in contiguous portions of Canada and Mexico where necessary for the Interstate Rail System. Authorizes the Administration to enter into leases with railroad companies which deed rail lines to the Administration for the purpose of providing rail service for a period of not more than 25 years. Stipulates that such a lease shall be renewable. Sets forth provisions to be included in such a lease. Directs the Administrator to establish regulations for the planning and implementation of projects to coordinate, and consolidate railroad operations. Authorizes railroad companies, after the Final System is deemed approved, to offer to transfer all its rail facilities included in the System to the Administration. Authorizes ConRail to offer its rail facilities to the Administration any time 120 days after the enactment of this Act. Requires the Administration to accept title to such rail facilities and to enter into operating leases for such lines within 120 days after receipt of an offer to transfer. Authorizes railroad companies (other than Con Rail) to offer to transfer rail facilities before approval of the Final System under specified conditions. Directs the Secretary of Transportation to develop rehabilitation and capital improvement programs for rail properties owned by the Administration. Requires such programs to be incorporated into the leases for such properties. Stipulates that the Administration shall pay the costs of such programs and shall contract with the leaseholding railroad to perform such programs. Directs the Administrator and any rail carrier leasing property to establish a schedule of maintenance for such property after the conclusion of a rehabilitation program. Stipulates that such maintenance shall be the responsibility of the carrier or carriers involved. Directs the Administrator to supply all materials and equipment for such maintenance. Directs the Administrator to report annually to the President and the Congress on the properties owned by the Administration and on the condition of all other rail properties in the nation. Title IV: Funding - Authorizes appropriations in such amounts as may be necessary for each of the 12 years following the enactment of this Act for rehabilitation projects and maintenance projects. Imposes a Rail User Charge on all railroads operating on facilities of the Administration. Stipulates that such charge shall amount to $.20 annually per thousand gross ton-miles of freight, passengers, and rail equipment moved on such facilities. Authorizes appropriations to the Secretary, the Interstate Commerce Commission, and the Administrator to carry out provisions of this Act. Title V: State and Local Rail Service Discontinuance and Abandonment - Sets forth conditions for the discontinuance or abandonment of rail service or rail properties transferred to the Administration. Directs the Secretary of Transportation to establish a Federal aid program in support of State rail planning as required by the Regional Rail Reorganization Act of 1973. Title VI: Labor Contracts - Stipulates that all contracts between rail carriers and labor organizations for maintenance of properties transferred to the Association shall remain in full effect. Authorizes the Association to enter into contracts for the performance of maintenance, rehabilitation and capital improvement projects provided that all employment pursuant to such contracts shall be subject to the terms of labor contracts in force at the time on the property affected.
United States · United States Congress · 4 August 1977
Consumer Credit Protection Act Amendments - Title I: Electronic Funds Transfers - Electronic Funds Transfer Act - Amends the Consumer Credit Protection Act to prohibit the execution of purchase or transfer transactions by electronic means other than under an electronic funds transfer agreement entered into between an institution and a consumer. Defines the term "electronic funds transfer agreement" as an agreement between an institution and a consumer under which the institution provides the consumer with the capacity to engage in electronic transfer or purchase transactions. Requires an institution, before entering into an electronic funds transfer agreement, to disclose clearly in writing to a consumer: (1) the conditions under which any charges may be imposed on any consumer account; (2) the terms and conditions of the electronic funds transfer agreement; (3) the circumstances under which the institution may cancel or restrict the electronic funds transfer agreement; (4) the consumer's right to receive a record of transactions; (5) the consumer's right to permanently stop a transfer of funds; (6) the manner in which the consumer should report a theft, loss, or unauthorized use of a funds transfer card; (7) the consumer's right to initiate an error correction and to receive a written response from the institution; and (8) the fact that Federal law makes the institution responsible to the consumer for all losses to any account of the consumer in excess of $50 resulting from an unauthorized transfer of funds. Requires an institution to mail or deliver to each consumer an itemized monthly statement which includes the date, amount, and number of the consumer's account into or out of which funds were transferred and a brief description of each transfer transaction. Prohibits any institution from amending any electronic funds transfer agreement without giving prior notice to the consumer. Allows a consumer to order an institution to permanently stop the transfer of funds for a transaction by notification to the institution. Prohibits an institution from disclosing to a seller any information about any account of a consumer in connection with a purchase transaction other than whether the purchase transaction is authorized. Makes an institution responsible for and liable to the consumer for all losses to the consumer that result from the failure of the institution to carry out a transfer transaction. Allows consumers to initiate an error correction of an account by notifying the involved institution of the alleged error. Requires the institution to correct the error or to explain the absence of error. Establishes restrictions on preauthorized payments from or deposits to an account of a consumer, or on transfers of funds between accounts of a consumer, made by electronic means. Prohibits an institution from providing a consumer with purchase or transfer capacity, except in response to a request or application for an electronic funds transfer agreement that is in writing and signed by the consumer. Requires institutions to inform consumers of their rights. Places liability for all losses to any account of a consumer resulting from an unauthorized transfer of funds on the financial institution unless specified conditions are met. Prohibits any seller from charging a consumer more for any goods, property, or services purchased by the consumer and paid for by check than the seller would charge the consumer if the goods, property, or services were paid for through a purchase transaction. Sets forth the formula for the determination of civil liability. States that any person who willfully and knowingly gives false or inaccurate information, fails to provide information which is required to be disclosed, or otherwise fails to comply with any provision of this title shall be fined not more than $5,000 or imprisoned not more than a year, or both. Places the enforcement of this title in the case of national banks, Federal Reserve member banks, insured banks, Federal savings and loan associations, and Federal credit unions with their respective regulatory agencies. Directs the Federal Trade Commission to enforce the requirements of this title in all other cases. Permits the Board of Governors of the Federal Reserve System to exempt classes of practices involving electronic fund transfer with any State from the requirements of this title if the Board determines that the State's regulations are similar to those of this title. Directs the Board and the Attorney General to make reports to Congress concerning the administration of their functions under this title. Title II: Credit Card Amendments to the Truth in Lending Act - Amends the Truth in Lending Act to expand the required disclosures by creditors before credit is extended under an open end consumer credit plan. Prohibits the issuance of unsolicited credit cards. Requires credit card issuers to be prompt in the billing of charges. Requires credit card issuers to disclose the following information to prospective cardholders: (1) the circumstances under which the plan may be restricted or closed; (2) the circumstances under which any line of credit under the plan may be temporarily or permanently unavailable or reduced and the extent to which the line of credit may be reduced; and (3) the consequences to a cardholder of exceeding a line of credit permitted under the plan. Prohibits any card issuer from amending any credit card plan by modifying or adding services without giving proper notification to the cardholder. Disallows the imposition of service charges by the card issuer in specified instances. States that no finance charge may be imposed on purchases of goods or services which are paid within 25 days after the closing date of the billing cycle in which the purchase was posted to the account. Sets forth the formula for determining the balance upon which a finance charge may be imposed under a credit card plan. Prohibits the billing of a cardholder for any annual or periodic fees where the card issuer has permitted a cardholder to elect to defer payment of all or any portion of the outstanding balance at the end of a billing cycle and to incur a finance charge thereon.
United States · United States Congress · 4 August 1977
Amends Title XVIII (Medicare) of the Social Security Act to expand the coverage of that Title to include ambulance service to a physician's office if such office is the nearest facility equipped to handle the emergency.
United States · United States Congress · 4 August 1977
Change in Bank Control Act - Amends the Federal Deposit Insurance Act to require an insured institution to obtain approval from the Federal Deposit Insurance Corporation before there is any disposition of voting stock issued by such bank except in the case of a transaction approved by the Federal Reserve Board. Empowers the Corporation to issue temporary restraining orders summarily suspending deposit insurance if such approval is not obtained. States that whenever an individual, company, or insured bank makes loans secured by 25 percent of the outstanding voting stock of an insured bank, such party must file a report with the Corporation.
United States · United States Congress · 3 August 1977
Investment Policy Act - Title I: Findings and Definitions - States that the lack of a national policy on investment can adversely affect the economic health and well-being of the Nation. Title II: Declaration of National Policy - Declares that it is the policy and responsibility of the Federal Government to provide incentives to assure maximum investment in private enterprise. Title III: Federal Agency Coordination and Cooperation - Requires the Council on Wage and Price Stability shall submit an Investment Policy Report to Congress which shall include information on levels of capital investment available, trends in such levels, and reviews of economic programs affecting capital investment. Requires the President to transmit to Congress as a part of the economic report such other recommendations as desirable or necessary to achieve the policy declared in this Act.
United States · United States Congress · 2 August 1977
Solar Energy Bank Act - Creates a Government corporation to be known as the Solar Energy Development Bank to make long-term, low-interest loans to encourage the use of solar energy in commercial and residential dwellings. Establishes procedures governing the processing and approval of loan applications by the Bank. Prohibits conflicts of interest, on the part of officers or employees of the Bank. Prohibits the Bank or its employees from utilizing the Solar Bank to finance political activities. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans under this Act. Declares that the Solar Bank and its assets shall be exempt by Federal, State, and local taxation. Establishes a Solar Energy Fund in the Treasury of the United States to pay the expenses of the Bank. Authorizes the appropriation of $5,000,000,000 to the Fund.
United States · United States Congress · 28 July 1977
Prohibits the shipment in interstate or foreign commerce of any fur or leather, raw or in finished form, from animals trapped in any State or foreign country which has not banned the manufacture, sale, or use of such traps. Directs the Secretary of Commerce to publish a list of such States and foreign countries. Sets forth penalties for violations of this Act.
United States · United States Congress · 28 July 1977
Requires the Office of Management and budget to provide information on the formulas and assumptions used in the distribution of Federal domestic assistance.
United States · United States Congress · 25 July 1977
Authorizes a presumption of service connection cause of death for the purposes of payment of dependency and indemnity compensation in the case of a blinded veteran who had a service-connected disability rated permanent and total for at least one year immediately preceding death, if death was due to causes not the result of misconduct on the part of such veteran.
United States · United States Congress · 22 June 1977
Mandatory Automotive Fuel Economy Act - Amends the Motor Vehicle Information and Cost Savings Act to establish mandatory minimum motor vehicle fuel economy standards for passenger automobiles of 19 miles per gallon for model year 1982, 21 miles per gallon for model year 1983, 23 miles per gallon for model year 1984, and 25 miles per gallon for model year 1985. Empowers the limited States district courts to prohibit introduction of passenger automobiles in interstate commerce which do not meet such minimum fuel economy standards.
United States · United States Congress · 20 June 1977
National Weatherization Act - Title I: Utility Program - Amends the Energy Policy and Conservation Act to promote the voluntary submission by a State to the Administrator of the Federal Energy Administration of a residential energy conservation plan for utilities in such State. Requires such plan to direct utilities to implement a program informing residential customers of suggested measures for saving home heating and cooling costs. Permits the Administrator to require a regulated or unregulated utility in a State to offer such program upon the Administrator's determination that such State has not offered such plan for approval or implemented such plan. Title II: Weatherization Grants for the Benefit of Low-Income Families - Amends the Energy Conservation in Existing Buildings Act of 1976 to permit a raise in the eligible income level for weatherization grants to low-income families. Expands the definition of the term "weatherization materials" in such Act to include additional devices and technologies. Limits the amount of financial assistance available under such Act that may be spent on weatherization materials and specified accompanying costs. Amends the Housing Act of 1949 to require the Secretary of Agriculture to conduct a weatherization program financing the installation of weatherization materials in farm residences occupied by low-income people. Title III: Secondary Financing and Loan Insurance for Energy Conserving Improvements - Amends the Federal National Mortgage Association Charter Act to direct the Federal National Mortgage Association to purchase loans insured under the National Housing Act and made to low- and moderate-income families for the installation of energy conserving improvements in residences owned by such families. Permits the Secretary of Housing and Urban Development to insure a loan for the installation of energy conserving improvements. Specifies the eligibility conditions of such loan. Allows the Government National Mortgage Association to have standby authority to purchase loans for energy-conserving improvements. Title IV: Miscellaneous - Permits the Secretary of Housing and Urban Development to enter into annual contributions contracts for low-income projects to finance the installation of energy- conserving improvements. Directs the Secretary of Agriculture to promote the use of energy saving techniques through minimum property standards established for new rural residential housing assisted under the Housing Act of 1949. Amends the National Housing Act to permit specified increased amounts of assistance if such increase results from increased cost of a residence or project due to the installation of a solar energy system. Directs the Secretary of Housing and Urban Development to conduct a study for determining the necessity of a mandatory Federal requirement that all residential dwelling units meet energy efficient standards.
United States · United States Congress · 10 June 1977
Truth in Lending Reform and Simplification Act - Amends the Truth in Lending Act to eliminate credit transactions for agricultural purposes from coverage under such Act. Requires a State to enforce requirements under applicable State truth in lending law when such State has been exempted from application of Federal law governing credit transactions within the State because of such similar State law. Requires agencies enforcing such Act to obtain compliance by notifying the debtor of rights under such Act when the creditor fails to comply with its provisions or by publicizing the fact of a creditor's sustained and substantial violations. Grants such agencies the authority to assess civil penalties and to issue cease-and-desist orders. Sets limitations on the time within which civil actions may be brought to enforce such Act. Directs the Board of Governors of the Federal Reserve System to issue model forms and clauses, for use in common transactions, describing the transaction in understandable language. Exempts creditors who use such forms from liability under such Act.
United States · United States Congress · 7 June 1977
Amends the Internal Revenue Code to allow individuals alternative, limited income tax credits or deductions for the tuition paid for the primary, secondary or higher education of the taxpayer, his spouse and dependents.
United States · United States Congress · 6 June 1977
Amends the Internal Revenue Code to provide that the entire amount of the gain from certain involuntary conversions of the principal residences of individuals aged 65 or more shall be excluded from gross income.
United States · United States Congress · 2 June 1977
Prohibits the United States Postal Service from reducing the frequency of weekly mail delivery service below the frequency in effect on March 15, 1977.
United States · United States Congress · 2 June 1977
Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to reduce the requirements for eligibility for disability benefits for blind persons. Requires that a blind individual have at least six quarters of coverage to be eligible for disability benefits. Sets forth a method of computing the average monthly wage of a blind individual for the purpose of determining such individual's primary insurance amount. Provides that in no case shall such amount be less than the amount which would be determined without regard to an individual's blindness. States that no reductions will be made from the benefits to which a person is entitled because of such person's refusal to accept State-approved rehabilitative services under the Vocational Rehabilitation Act. Continues the payment of such benefits as long as blindness lasts, the amount of an individual's earnings notwithstanding.
United States · United States Congress · 1 June 1977
Amends Titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to require automatic sprinkler systems in all skilled nursing facilities and intermediate care facilities certified for participation in the Medicare or Medicaid programs unless a waiver of such requirement is granted in accordance with conditions set forth in this Act. Establishes a program of low-interest Federal loans to assist such facilities in constructing or purchasing and installing automatic sprinkler systems.
United States · United States Congress · 1 June 1977
Amends Title XVIII (Medicare) and Title XIX (Medicaid) of the Social Security Act to include the services of licensed practical nurses under the coverage provided pursuant to such Titles.
United States · United States Congress · 1 June 1977
Requires the Secretary of Defense, before entering into any contract for more than $100,000 for the performance of any commercial or industrial activity of the Department, to conduct a cost effectiveness review of such activity to determine whether it should be done by contract or by Government personnel. Authorizes the Secretary to waive such review under specified circumstances. Directs the Secretary to conduct random audits of such contracts.
United States · United States Congress · 26 May 1977
Defense Production Act Amendments - Amends the Defense Production Act of 1950 to prohibit any Federal contracting officer who by virtue of his position is authorized to solicit or select sources of supply, or describe requirements for, enter into, award, modify, terminate, administer, or make determinations or findings with respect to any or contract while so employed, from accepting compensation from any contractor without the written permission of the standards of conduct counselor for his employing agency. Prohibits such contracting officer from owning a controlling interest in any contractor who has been affected by action taken by such officer. Prohibits such contracting officer from accepting employment within two years following his employment with the United States from any contractor who was affected by the action of such officer taken by him or her within three years prior to the termination of his or her employment with such agency, and from accepting employment with such a contractor in a position which was created or subsidized by revenues realized through a Federal contract handled by such officer until five years after the termination of such officer's employment with such agency has been terminated. Prohibits contractors from offering to any such officer of any compensation such officer is prohibited from receiving under this Act. Establishes a Conflict of Interest Review Board to review compliance by contracting officers with this Act. States that the Board shall issue advisory opinions with respect to compensation offered to such contracting officer after notice is published in the Federal Register and interested parties have had an opportunity to present testimony relating to the issuance of such advisory opinion. States that reliance on such advisory opinion shall be a defense to a civil or criminal case brought under this Act. Requires meetings of the Board at which such advisory opinions will be considered to be open to the public. Authorizes the Board to issue rules to implement this Act. Requires the Board to report annually to Congress respecting its activities and recommendations of legislative or regulatory actions to promote high ethical standards for Government employees. Requires the following persons to file specified information with the Board: (1) former Government employees who were employed in any given fiscal year as a representative of a Government contractor in any action in which the United States was a party or in any transaction with the United States; and (2) any Federal employee who was previously employed by a Government contractor at a salary rate equal to or greater than that for positions in grade GS-13. Exempts specified persons from the filing requirements of this Act.
United States · United States Congress · 24 May 1977
Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to eliminate the requirement that States match Federal funds for improvement of nonoperational portions of stations used in intercity rail passenger service and of related facilities and fencing in the Northeast Corridor. Increases the appropriations authorized under such Act for such improvements.
United States · United States Congress · 23 May 1977
International Banking Act - Amends the Federal Reserve Act to permit foreign banks to establish and operate Federal branches in any State in which it is not prohibited for a foreign bank to establish such a branch upon receipt of approval from the Comptroller of the Currency. Sets forth considerations which the Comptroller must take into account in determining whether to permit foreign banks to operate under this Act. Permits the Comptroller, in his discretion to waive specified citizenship requirements with respect to directors of associations which are subsidiaries or affiliates of foreign banks. Permits a foreign bank, with the approval of the Comptroller, to convert any branch operated pursuant to State law into a Federal branch or agency. Terminates the authority to operate a Federal Federal branch when (1) the parent bank voluntarily relinquishes it; (2) the parent bank is dissolved; (3) the Comptroller has reasonable cause to believe that a foreign bank has not complied with the provisions of this Act and revokes the authority to operate a Federal branch; or (4) when a conservator is appointed for such foreign bank. Prohibits any branch from accepting deposits of United States citizens, residents, or businesses whose principal place of business is in the United States unless the branch maintains a surety bond or pledge of assets with the Federal Deposit Insurance Corporation. Sets forth the assets which foreign banks are required to keep or deposit before the Federal branch may accept deposits of United States residents or businesses. Prohibits foreign banks from retaining interests in non-banking companies or from participating in non-banking activities with specified exceptions. Requires the Secretary of the Treasury (1) to issue guidelines with respect to the entry of foreign banking organizations into banking in the United States; and (2) to assist Federal and State banking agencies in acting on applications for the establishment of branches by foreign banks. Requires each foreign bank that maintains an office other than a branch in an State to register with the Secretary of the Treasury; the Secretary of State, and the Board of Governors of the Federal Reserve System. Makes provisions for the enforcement of this Act.
United States · United States Congress · 23 May 1977
Designates the second week in May of each year as "Municipal Clerks' Week."
United States · United States Congress · 18 May 1977
Makes the killing of an officer or employee of the Small Business Administration who is performing official duties a Federal crime.
United States · United States Congress · 5 May 1977
Authorizes the President of the United States to designate the week beginning on the Sunday preceding the fourth Thursday in November of each year as "National Family Week".
United States · United States Congress · 3 May 1977
Surplus School Conservation Act - Directs the Secretary of Housing and Urban Development to make grants to local agencies to pay the costs of renovating closed school buildings so they may be converted for other educational and social purposes. Suggests purposes for which conversion grants may be extended, including: (1) community centers; (2) senior citizen centers; (3) day care centers; (4) vocational schools; (5) medical facilities; and (6) recreational centers. Sets forth application requirements which local agencies must complete including: (1) structuring a plan for renovation of the closed school building; (2) estimating costs of such renovation; and (3) demonstrating to the Secretary's satisfaction sufficient financial ability to carry out the provisions of such plan. States that the amount of a grant under this Act shall be 80 percent of the estimated cost of renovation. Requires local agencies which receive a grant for more than the actual cost of renovation to return such surplus money to the Secretary. Sets priorities to be followed by the Secretary in approving applications for grants under this Act including: (1) an application for renovating a closed school building in a school district whose current school enrollments have decreased by ten percent or more from the enrollments of the previous school year, and (2) an application for renovating a closed school building which is not being utilized for any educational or social service purpose at the time of application. Directs the Secretary to serve as a national clearinghouse to local agencies by providing information on feasible alternative uses for closed school buildings. Prohibits the distribution of more than ten percent of the funds appropriated by Congress for the program for grants in any fiscal year. Requires the Secretary to prepare and submit to the President and Congress: (1) a yearly report listing local agencies which received grants and the purposes for which such grants were made; and (2) a detailed evaluation of the effectiveness of the program based on cost analysis and a survey of school closure problems to be submitted at the end of three years.
United States · United States Congress · 2 May 1977
Amends the Federal Property and Administrative Services Act to authorize the Administrator of General Services to assign surplus Federal real property to the Secretary of Commerce for disposal of such property at not less than 25 percent of the fair market value to States and local areas threatened by unemployment as a result of the closing of Federal facilities. Requires that such property be used by the transferees for economic development purposes.
United States · United States Congress · 29 April 1977
Amends the Age Discrimination in Employment Act of 1967 to extend the coverage of such Act to individuals 65 or over, and to make unlawful seniority systems and employee benefit plans which require the retirement of individuals 40 or over.
United States · United States Congress · 28 April 1977
Constitutional Amendment - Provides that Members of the House of Representatives shall serve for a term of three years. States that any person who is a Representative for five consecutive terms may not be a Representative during the three-year period followed the fifth term with an exception for vacancies. Stipulates that no person may serve as a Representative after attaining the age of 75 or if attaining the age of 75 before the end of a term.
United States · United States Congress · 26 April 1977
Amends Title XVIII (Medicare) of the Social Security Act to provide payment for rural health clinic services pursuant to program of Supplementary Medical Insurance Benefits for the Aged and Disabled of such Title.
United States · United States Congress · 26 April 1977
Surplus School Conversion Act - Entitles taxpayers, under the Internal Revenue Code, to elect to take a deduction with respect to the amortization of any qualified school or hospital property based on a period of 180 months. Defines qualified school or hospital property to mean any buildings or other structure which is acquired by the taxpayer from a tax-exempt organization which used such structure to provide facilities for an educational institution or an institution which provided medical or custodial care.
United States · United States Congress · 26 April 1977
Amends Title XI (General Provisions and Professional Standards Review) of the Social Security Act to require the inclusion of professional registered nurses in Professional Standards Review Organizations of medical professionals in carrying out the functions of such review organizations pursuant to such Title. Requires the inclusion of two professional registered nurses on the Statewide Professional Standards Review Councils. Requires the inclusion of three professional registered nurses on the National Professional Standards Review Council. Includes professional registered nurses in that class of health care practitioners which may not be held civilly liable for action taken in compliance with or reliance upon norms of care and treatment applied by a Professional Standards Review Organization.
United States · United States Congress · 26 April 1977
Housing and Community Development Act - Title I: Community Development Amendments - Amends the Housing and Community Development Act of 1974 to include the alleviation of physical and economic distress through private investment and community revitalization among the objectives of such Act. Defines additional terms including "age of housing" and "extent of growth lag." Authorizes funds to be appropriated for the purpose of making grants to States and units of local governments to help finance community development programs, not to exceed: $3,500,000,000 for fiscal year 1978; $3,650,000,000 for fiscal year 1979; and $3,800,000,000 for fiscal year 1980. Limits amounts of appropriated funds which may be used to aid metropolitan cities, urban counties, and other units of local government within metropolitan areas to meet their hold-harmless needs. Authorizes funds not to exceed $400,000,000, to be appropriated for each of the fiscal years 1978, 1979, and 1980 for the purpose of assisting severely distressed cities that require supplemental grant assistance in order to alleviate excessive deterioration through neighborhood reclamation and community revitalization. Changes specified application and review requirements for such grants. Includes among activities eligible for assistance under this Act: (1) the financing of public or private acquisition for purposes or rehabilitation; and (2) activities carried out by public or private nonprofit entities which are necessary or appropriate to meeting the needs and objectives of approved community development plans. Sets forth the formulae which the Secretary of Housing and Urban Development must follow in order to determine the amount to be allocated to each metropolitan city and urban county and the distribution of remaining funds. Extends, by three years, the period during which funds will be reserved for use by the Secretary to make grants at his discretion. Increases, by one percent, the amount of funds to be reserved from the total amount appropriated for Community Development Programs. Removes the Secretary's authority to guarantee loans for acquisition of property with respect to grants to States and units of local government to help finance Community Development Programs. Authorizes the Secretary to make urban development action grants to severely distressed cities to help alleviate physical and economic deterioration through community revitalization in areas of population out-migration or stagnating or declining tax base. Reserves urban development action grants only to those cities that have demonstrated results in providing housing for persons of low- and moderate-income and in providing equal opportunity in housing and employment for low- and moderate-income persons and members of minority groups. Lists information to be included in applications for such grants, including a description of a concentrated Urban Development Action Program. Directs the Secretary to establish criteria to be followed in selecting cities to be recipients of such grants. Requires annual reviews and audits of grant recipients. Amends the Housing Act of 1964 to extend the rehabilitation loan program through fiscal year 1979. Authorizes $60,000,000 to be appropriated for fiscal year 1978. Authorizes appropriations for fiscal year 1978 for comprehensive planning under the Housing Act of 1954, of which funds 20 percent shall be made available for planning grants. Title II: Housing Authorizations - Amends the United States Housing Act of 1937 to increase the limit on funds that are authorized to be appropriated for contracts for annual contributions to low-income housing projects in 1977. Sets forth the limitation on funds authorized to be appropriated for the purpose of providing annual contributions for the operation of such projects. Prohibits the Secretary from entering into contracts for specified dwelling units after the enactment of this Act. Makes provisions for the assumption of maintenance responsibilities of existing units. Amends the National Housing Act to increase the maximum mortgage amounts under the Federal Housing Administration's multifamily mortgage insurance programs including the homeownership program. Changes the eligibility requirements for mortgage insurance under the National Housing Act by decreasing downpayment requirements. Permits the Secretary to increase mortgage insurance premiums for cooperative housing projects. Extends additional assistance payments for low-income rental projects which achieve 50 percent occupancy. Permits the Secretary of Housing and Urban Development to insure, on a permanent basis, mortgages and loans with provisions of varying rates of amortization. States that the principal obligation of such mortgages insured may not exceed 97 percent of the appraised value of the property covered by the mortgage. Exempts such insured mortgages from State laws limiting the amount of interest which may be charged. Amends the National Housing Act to increase the allowable maximum mortgage amount and the term of maturity for mortgage credit assistance. Amends the Housing and Community Development Act of 1974 to increase the amount authorized to be appropriated to reimburse the housing loan funds for properties transferred under the urban homesteading program. Amends the National Flood Insurance Act of 1968 to authorize funds, not to exceed $108,000,000 for fiscal year 1978 and such sums as are necessary for each fiscal year thereafter, for flood insurance studies. Amends the Housing and Urban Development Act of 1970 to authorize funds not to exceed $65,000,000 for fiscal year 1978 for specified research and demonstration projects. Increases the limits on amounts of conventional mortgages which may be purchased by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation pursuant to the National Housing Act. Amends the Housing and Community Development Act of 1974 to prohibit the Secretary from applying new administrative policies in derogation of the rights (including the right of renewal) of an owner under specified leases. Amends the Housing Act of 1959 to direct the Secretary to issue and implement regulations for the efficient coordination of application processing for specified loans for housing for elderly and handicapped families. Amends the National Housing Act to authorize the Secretary to insure mortgages in any community where the Secretary determines among, other things that: (1) temporary adverse economic conditions exist throughout the community as a direct and primary result of outstanding claims to ownership of land in the community by an American Indian tribe, band, or Nation; (2) as a direct result of the community's temporarily impaired economic condition, owner occupants of homes in the community have been involuntarily unemployed or underemployed and have thus incurred substantial reductions in income which significantly impair their ability to continue timely payment of their mortgages; and (3) as a result, widespread mortgage foreclosures and distress sales of homes are likely in the community. Title III: Program Extensions - Amends the National Housing Act to extend specified Federal Housing Administration insurance programs including the following: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low-income families; (6) coinsurance of mortgages; (7) experimental housing; (8) armed services housing; (9) group practice facilities and medical practice facilities; and (10) new communities. Extends the authority of the Secretary of Housing and Urban Development to grant flexible interest rates for specified mortgage insurance programs. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program until September 30, 1978. Extends, by one year, the Emergency Home Purchase Assistance Act and the new community program. Title IV: Lending Powers in Federal Savings and Loan Association - Amends the Home Owners' Loan Act of 1933 to extend the lending authority of Federal Savings and Loan Associations for the following: (1) construction loans; (2) single family dwelling loans; (3) property improvement loans; and (4) multifamily dwelling loans. Makes conforming amendments to the Federal Home Loan Bank Act. Title V: National Urban Policy - National Urban Policy and New Community Development Act- Amends the Urban Growth and New Community Development Act of 1970 to change its emphasis from urban "growth" to "development and redevelopment." Makes changes in the contents of the President's national urban policy report. Title VI: Rural Housing - Authorizes appropriations for specified rural housing programs. Amends the Housing Act of 1949 to make changes in the guaranteed housing loan program. Authorizes prepayment of taxes and insurance by Farmers Home Administration borrowers without requiring that such funds are held in escrow. Authorizes the Secretary of Agriculture to make expenditures from the Rural Housing Insurance Fund in order to correct construction defects or to pay claims of the owner of property arising from such defects. Redefines the term "domestic farm labor" for purposes of farm housing loans and grants to include specified laborers in Puerto Rico and the Virgin Islands. Sets forth eligibility requirements for farm housing assistance for elderly or handicapped persons or families. Extends the program for rural housing loans for elderly and handicapped families to include congregate housing facilities for families who require some supervision and central services. Requires that at least 60 percent of insured rural housing loans shall benefit persons of low income. Authorizes the Farmers Home Administration to undertake rural housing research with any public or private body. Makes it mandatory for the Secretary of Agriculture to provide rural rental assistance.
United States · United States Congress · 26 April 1977
Surplus School Conservation Act - Directs the Secretary of Housing and Urban Development to make grants to local agencies to pay the costs of renovating closed school buildings so they may be converted for other educational and social purposes. Suggests purposes for which conversion grants may be extended, including: (1) community centers; (2) senior citizen centers; (3) day care centers; (4) vocational schools; (5) medical facilities; and (6) recreational centers. Sets forth application requirements which local agencies must complete including: (1) structuring a plan for renovation of the closed school building; (2) estimating costs of such renovation; and (3) demonstrating to the Secretary's satisfaction sufficient financial ability to carry out the provisions of such plan. States that the amount of a grant under this Act shall be 80 percent of the estimated cost of renovation. Requires local agencies which receive a grant for more than the actual cost of renovation to return such surplus money to the Secretary. Sets priorities to be followed by the Secretary in approving applications for grants under this Act including: (1) an application for renovating a closed school building in a school district whose current school enrollments have decreased by ten percent or more from the enrollments of the previous school year, and (2) an application for renovating a closed school building which is not being utilized for any educational or social service purpose at the time of application. Directs the Secretary to serve as a national clearinghouse to local agencies by providing information on feasible alternative uses for closed school buildings. Prohibits the distribution of more than ten percent of the funds appropriated by Congress for the program for grants in any fiscal year. Requires the Secretary to prepare and submit to the President and Congress: (1) a yearly report listing local agencies which received grants and the purposes for which such grants were made; and (2) a detailed evaluation of the effectiveness of the program based on cost analysis and a survey of school closure problems to be submitted at the end of three years.
United States · United States Congress · 25 April 1977
Franchising Termination Practices Reform Act - Requires a franchisor to notify a franchisee at least 90 days in advance of the franchisor's intention to terminate the franchise and to state the reasons for termination. Prohibits a franchisor from cancelling a franchise or failing to renew a franchise unless the franchisor is effecting a market area withdrawal or the franchisor has good cause for failure to renew and has given proper notice. Makes any franchisor who has violated the requirements of this Act civilly liable to the aggrieved franchisee.
United States · United States Congress · 21 April 1977
National Consumer Cooperative Bank Act - Title I: National Consumer Cooperative Bank - Establishes the National Consumer Cooperative Bank to: (1) encourage the development of cooperatives eligible for its assistance by providing specialized credit and technical assistance; (2) maintain broad-based control of the Bank by its voting stockholders; (3) encourage broad-based ownership control and active participation by members in eligible cooperatives; (4) assure that the net savings from operations and the operations of borrowers from the Bank are made available or accounted for to the stockholders or members; and (5) assist in improving the quality and availability of goods and services to consumers. Authorizes the creation of no less than four nor more than twelve corporate regional banks. States that the Bank shall have the power to make and service loans, commitments for credit, guarantees, furnish financially related services, technical assistance, and issue obligations. Enumerates additional powers necessary to carry out its powers and duties. Requires the Bank to hold an annual meeting of stockholders. Permits the Bank to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Authorizes the Bank to make loans to eligible organizations which shall be repayable in not more than 40 years. States that the objective of the Bank shall be to provide the type of credit needed by eligible borrowers, at the lowest reasonable cost on a sound business basis, taking into account the cost of money to the Bank. Defines "eligible cooperatives" for purposes of assistance under this title. Title II: Self-Help Development Fund - Establishes in the Treasury a Consumer Cooperative Self-Help Development Fund. Permits the Cooperative Bank and Assistance Administration to make a capital investment advance out of the Fund to any eligible cooperative if the Administration determines that the applicant's initial or supplemental capital requirements exceed its ability to obtain a Title I loan from the Bank or other sources, and the membership of the applicant consists substantially of low-income persons. Title III: Cooperative Technical Assistance - Directs the Cooperative Bank and Assistance Administration to make available information and services concerning the organization or reorganization of cooperatives to best achieve the objectives of this Act and to best provide the means through which various types of goods, services, and facilities can be made available to members and patrons. States that such assistance may include investigations, surveys, and director and management training and assistance. Title IV: The Cooperative Bank and Assistance Administration and General Provisions - Establishes the Cooperative Bank and Assistance Administration. Directs the Administration to assure that the objectives of this Act are carried out. States that until the stock of the Bank held by the United States has been fully retired the Bank shall be exempt from any form of taxation. Requires the Administration and the Board to report annually to the appropriate committees of Congress on the activities of the Administration and on the Bank's capital, operations, financial condition, the self-help development fund, and to make recommendations for legislation to improve its services.
United States · United States Congress · 21 April 1977
National Consumer Cooperative Bank Act - Title I: National Consumer Cooperative Bank - Establishes the National Consumer Cooperative Bank to: (1) encourage the development of cooperatives eligible for its assistance by providing specialized credit and technical assistance; (2) maintain broad-based control of the Bank by its voting stockholders; (3) encourage broad-based ownership control and active participation by members in eligible cooperatives; (4) assure that the net savings from operations and the operations of borrowers from the Bank are made available or accounted for to the stockholders or members; and (5) assist in improving the quality and availability of goods and services to consumers. Authorizes the creation of no less than four nor more than twelve corporate regional banks. States that the Bank shall have the power to make and service loans, commitments for credit, guarantees, furnish financially related services, technical assistance, and issue obligations. Enumerates additional powers necessary to carry out its powers and duties. Requires the Bank to hold an annual meeting of stockholders. Permits the Bank to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Authorizes the Bank to make loans to eligible organizations which shall be repayable in not more than 40 years. States that the objective of the Bank shall be to provide the type of credit needed by eligible borrowers, at the lowest reasonable cost on a sound business basis, taking into account the cost of money to the Bank. Defines "eligible cooperatives" for purposes of assistance under this title. Title II: Self-Help Development Fund - Establishes in the Treasury a Consumer Cooperative Self-Help Development Fund. Permits the Cooperative Bank and Assistance Administration to make a capital investment advance out of the Fund to any eligible cooperative if the Administration determines that the applicant's initial or supplemental capital requirements exceed its ability to obtain a Title I loan from the Bank or other sources, and the membership of the applicant consists substantially of low-income persons. Title III: Cooperative Technical Assistance - Directs the Cooperative Bank and Assistance Administration to make available information and services concerning the organization or reorganization of cooperatives to best achieve the objectives of this Act and to best provide the means through which various types of goods, services, and facilities can be made available to members and patrons. States that such assistance may include investigations, surveys, and director and management training and assistance. Title IV: The Cooperative Bank and Assistance Administration and General Provisions - Establishes the Cooperative Bank and Assistance Administration. Directs the Administration to assure that the objectives of this Act are carried out. States that until the stock of the Bank held by the United States has been fully retired the Bank shall be exempt from any form of taxation. Requires the Administration and the Board to report annually to the appropriate committees of Congress on the activities of the Administration and on the Bank's capital, operations, financial condition, the self-help development fund, and to make recommendations for legislation to improve its services.
United States · United States Congress · 21 April 1977
Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to provide that the automatic cost-of-living increases in benefits be made on a semiannual basis (rather than on an annual basis as at present).
United States · United States Congress · 20 April 1977
Authorizes and directs the Secretary of Labor, through the Bureau of Labor Statistics, to prepare, as part of the Consumer Price Index published monthly by the Bureau of Labor Statistics, a consumer price index (to be known as the Consumer Price Index for the Aged and Other Social Security Beneficiaries) designed to reflect the relevant price information for individuals, as a group, who are 65 years of age or older or are otherwise entitled to monthly benefits under Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act.
United States · United States Congress · 20 April 1977
Amends the Merchant Marine Act, 1936, to make Federal ship mortgage insurance available for obligations for fishing vessels which do not exceed 87 1/2 percent of the actual or depreciated cost of such vessels.
United States · United States Congress · 19 April 1977
Authorizes the Secretary of Health, Education, and Welfare to (1) make loans to certain cities and counties for the establishment and initial operating costs of clinics for the spaying and neutering of dogs and cats, and (2) make grants for the establishment of courses to train paraprofessionals in the anaesthetising and spaying and neutering of dogs and cats. Authorizes appropriations to carry out the purposes of this Act.
United States · United States Congress · 18 April 1977
Youth Camp Safety Act - Establishes in the Office of the Secretary of Health, Education, and Welfare an Office of Youth Camp Safety to be headed by a Director of Youth Camp Safety. Confers upon the Director the primary responsibility for the promulgation and enforcement of Federal and State youth camp safety regulations. Requires any State which desires to assume responsibility for the development and modification of youth camp safety standards to submit a State plan to the Director for his approval. Allows a State whose plan has been rejected to obtain review of the decision in the United States Court of Appeals. Authorizes the Director to make grants to States which have in effect approved State plans, such grants not to exceed 80 percent of the cost of carrying out the State plan. Authorizes the Director to enter and inspect youth camps and their records. Charges the Director with establishing within the Department of Health, Education, and Welfare an Advisory Council on Youth Camp Safety and to submit to Congress at least once a year a report on his administration under this Act. Prescribes penalties for each violation by youth camp operators of the standards promulgated pursuant to this Act. Authorizes the Director to request and receive directly from any department or agency of the Federal Government information, suggestions, estimates, and statistics needed to carry out the functions under this Act.
United States · United States Congress · 6 April 1977
Housing and Community Development Act - Title I: Community Development Amendments - Amends the Housing and Community Development Act of 1974 to include the alleviation of physical and economic distress through private investment and community revitalization among the objectives of such Act. Defines additional terms including "age of housing" and "extent of growth lag." Authorizes funds to be appropriated for the purpose of making assistance to States and units of local governments to help finance community development programs, not to exceed $3,500,000,000 for fiscal year 1978; $3,650,000,000 for fiscal year 1979; and $3,800,000,000 for fiscal year 1980. Limits amounts of appropriated funds which may be used to aid metropolitan cities, urban counties, and other units of local government within metropolitan areas to meet their hold-harmless needs. Authorizes funds not to exceed $400,000,000 to be appropriated for each of the fiscal years 1978, 1979, and 1980 for the purpose of assisting severely distressed cities that require supplemental grant assistance in order to alleviate excessive deterioration through neighborhood reclamation and community revitalization. Includes among activities eligible for assistance under this Act: (1) the financing of public or private acquisition for purposes of rehabilitation and (2) activities carried out by public or private nonprofit entities which are necessary or appropriate to meeting the needs and objectives of approved community development plans. Sets forth the formulae which the Secretary of Housing and Urban Development must follow in order to determine the amount to be allocated to each metropolitan city and urban county and the distribution of remaining funds. Extends, by three years, the period during which funds will be reserved for use by the Secretary to make grants at his discretion. Increases, by one percent, the amount of funds to be reserved from the total amount appropriated for Community Development Programs. Removes the Secretary's authority to guarantee loans for acquisition of property with respect to grants to States and units of local government to help finance Community Development Programs. Authorizes the Secretary to make urban development action grants to severely distressed cities to help alleviate physical and economic deterioration through community revitalization in areas of population out-migration, or stagnating or declining tax base. Reserves urban development action grants to only those cities that have demonstrated results in providing housing for persons of low-and moderate-income and in providing equal opportunity in housing and employment for low-and moderate-income persons and members of minority groups. Lists information to be included in applications for such grants, including a description of a concentrated Urban Development Action Program. Directs the Secretary to establish criteria to be followed in selecting cities to be recipients of such grants. Amends the Housing Act of 1964 to extend the rehabilitation loan program through fiscal year 1979. Authorizes $60,000,000 to be appropriated for fiscal year 1978. Authorizes appropriations for fiscal year 1978 for comprehensive planning under the Housing Act of 1954. Title II: Housing Authorizations - Amends the United States Housing Act of 1937 to increase the limit on funds that are authorized to be appropriated for contracts for annual contributions to low-income housing projects in 1977. Sets forth the limitation on funds authorized to be appropriated for the purpose of providing annual contributions for the operation of such projects. Amends the National Housing Act to increase the maximum mortgage amounts under the Federal Housing Administrations's multifamily mortgage insurance programs including the homeownership program. Changes the eligibility requirements for mortgage insurance under the National Housing Act by decreasing downpayment requirements. Permits the Secretary of Housing and Urban Development to insure on a permanent basis mortgages and loans with provisions of varying rates of amortization. States that the principal obligation of such insured mortgages may not exceed 97 percent of the appraised value of the property covered by the mortgage. Exempts such insured mortgages from State laws limiting the amount of interest which may be charged. Amends the National Housing Act to increase the allowable maximum mortgage amount and the term of maturity for mortgage credit assistance. Amends the Housing and Community Development Act of 1974 to increase the amount authorized to be appropriated to reimburse the housing loan funds for properties transferred under the urban homesteading program. Amends the National Flood Insurance Act of 1968 to authorize funds, not to exceed $108,000,000 for fiscal year 1978 and such sums as are necessary for each fiscal year thereafter, for flood insurance studies. Amends the Housing and Urban Development Act of 1970 to authorize funds not to exceed $60,000,000 for fiscal year 1978 for specified research and demonstration projects. Increases the limits on amounts of conventional mortgages which may be purchased by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation pursuant to the National Housing Act. Amends the Housing and Community Development Act of 1974 to prohibit the Secretary from applying new administrative policies in derogation of the rights (including the right of renewal) of an owner under specified leases. Title III: Program Extensions - Amends the National Housing Act to extend specified Federal Housing Administration insurance programs including the following: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low-income families; (6) coinsurance of mortgages; (7) experimental housing; (8) armed services housing; (9) group practice facilities and medical practice facilities; and (10) new communities. Extends the authority of the Secretary of Housing and Urban Development to grant flexible interest rates for specified mortgage insurance programs. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program until September 30, 1978. Extends, by one year, the Emergency Home Purchase Assistance Act.
United States · United States Congress · 6 April 1977
Requires the Secretary of Health, Education, and Welfare to conduct a study of the effects of saccharin within one year of the enactment of this resolution. Directs the Secretary to submit a report on the findings of such study to the President and Congress. Prohibits the banning of saccharin until such report has been submitted to the President and Congress.
United States · United States Congress · 4 April 1977
Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to provide that the automatic cost-of-living increases in benefits be made on a semiannual basis (rather than on an annual basis as at present).
United States · United States Congress · 31 March 1977
Solar and Energy Conservation Commercialization Act - Amends the National Housing Act to specify additional types of Solar energy systems eligible for financial assistance under such Act. Stipulates that such systems shall include solar heating and cooling and hot water systems, geothermal and wind energy systems, and other energy conservation measures and equipment such as insulation, heat pumps and devices to improve furnace efficiency. Authorizes the Secretary of Housing and Urban Development to make grants and loans to individuals and families to assist in the purchase of solar, renewable source, and energy conservation measures and equipment. Authorizes grants and loans for similar purposes to neighborhood, community, or nonprofit groups. Amends the Small Business Act to authorize the Administrator of the Small Business Administration to make loans to small businesses to assist in the purchase and installation of solar, renewable source, and energy conservation improvements and equipment. Directs the Secretary of Housing and Urban Development, the Administrator of the Small Business Administration, and the Federal Energy Administrator to cooperate in carrying out the provisions of this Act and to jointly submit an annual report to the President and the Congress on activities carried out under this Act. Authorizes appropriations for fiscal years 1978 through 1981.
United States · United States Congress · 31 March 1977
Renewable Energy and Energy Conservation Act - Allows an income tax credit for 30 percent of the expenditures not exceeding $750 which the taxpayer paid or incurred during the taxable year for installation of insulation or energy-conserving components which improve heating plant efficiency in his principal residence. Limits the application of this credit to expenditures paid or incurred for installations made between 1976 and 1982 in pre-existing dwellings. Reduces the allowable credit, on a graduated scale, for individuals with adjusted gross incomes greater than $10,000. Allows an income tax credit for 40 percent of the first $1,500, and a secondary credit for 25 percent of the next $7,600 paid or incurred by the taxpayer during the taxable year for the installation of qualified solar, wind and geothermal energy equipment in his principal residence. Allows an income tax credit for 20 percent of the first $1,500, and a secondary credit for 12.5 percent of the next $7,600 paid or incurred for the installation of wood stove, heat pump, or burner equipment in connection with new solar, wind or geothermal energy equipment which will be the principal source of space heat in the taxpayer's principal residence. Reduces these limitations in subsequent tax years by subtracting the amounts taken into account for these credits in previous tax years. Limits these credits to equipment installed between 1976 and 1982. Prorates each of the above credits for residential improvements among joint owners and cooperative shareholders according to their proportionate interests in the residential property. Provides for the carryover of any allowable credit which exceeds the taxpayer's current income tax liability. Reduces the allowable credits, on a graduated scale for and Conservation Act. persons with adjusted gross incomes greater than $15,000. Allows an investment tax credit for 25 percent of the qualified investment cost of depreciable geothermal, solar or wind energy equipment placed in service. Allows such a credit for 12 percent of the qualified costs of ventilation, heating, water and other components primarily designed to reduce the heat loss or gain of a structure, and origin ally used by the taxpayer. Prohibits these credits for property originally funded with Federal grants, or located in States which take these energy conserving measures into account for property assessment, or which don't enforce the thermal design requirements of the Energy Policy
United States · United States Congress · 31 March 1977
Amends the Federal Nonnuclear Energy Research and Development Act of 1974 to direct the Administrator of the Energy Research and Development Administration to assist less developed countries in the development and utilization of unconventional, nonnuclear energy technologies. Authorizes the Administrator, in cooperation with the Agency for International Development, to conduct studies on the energy needs, uses, and resources in other countries. Stipulates that such studies should be designed to result in the establishment of an information system permitting transfers of unconventional, nonnuclear energy technologies to impoverished areas of the world. Requires that results of such studies and recommendations for cooperative projects be reported to Congress by July 1, 1978. Authorizes the appropriation of $5,000,000 to the Energy Research and Development Administration for fiscal year 1978 for such purposes.