United States · United States Congress · 6 March 1973
Foreign Trade and Investment Act - Declares the purpose of the Act to insure that the production of goods which have historically been produced in the United States is continued and maintained, to encourage the return of production of goods that has been transferred abroad, and to encourage the development of new product production in the United States. Title I : - Provides that if a foreign corporation is a controlled foreign corporation for an uninterrupted period of 30 days or more during any taxable year, every United States shareholder of such corporation who owns stock in such corporation on the last day in such year on which such corporation is a controlled foreign corporation shall include in its gross income, for the taxable year on which the corporation ends, its pro rata share of the corporations' earnings and profits for such year. Defines the pro rata share of the stockholder and the earnings and incomes of such corporations. Provides that the earnings and profits of a foreign corporation attributable to amounts which are, or have been, included in the gross income of a United States shareholder shall not, when distributed to such shareholder or to a trust of which such shareholder is a beneficiary, be again included in the gross income of such United States shareholder or trust. Provides that, under regulations prescribed by the Secretary of the Treasury or his delegate, the basis of a United States shareholder's stock in a controlled foreign corporation shall be increased by the amount required to be included in its gross income with respect to such stock, but only to the extent to which such amount was included in the gross income of such United States shareholder. Authorizes the Secretary or his delegate to require by regulation that each person who is or has been a United States shareholder of a foreign corporation to maintain such records as may be prescribed. Repeals the foreign tax credit allowed corporations. Requires the Treasury Department, by December 31, 1974, to submit to Congress a report on the administration of the income tax imposed by the Internal Revenue Code as it applies to business activities carried on outside the United States by United States corporations. Title II: United States Foreign Trade and Investment Commission - Provides that the United States Foreign Trade and Investment Commission shall be composed of three commissioners to be appointed by the President with the consent of the Senate. Prescribes the qualifications for the Commissioners. Title III: Quantitative Restraints on Imports - Limits the total quantity of each category of goods produced in a foreign country which may be entered during the calendar year 1974 to the average annual quantity determined by the Commission to have entered during the calendar years 1965 to 1969. Limits the total quantity of such goods which may be entered during any calendar year after 1974 to the total determined as above plus the increase estimated by the Commission to be necessary to make the total quantity of imports in each category bear the same relationship to United States production of goods in such category as existed during the period 1965-1969. Authorizes the President to make bilateral or multilateral arrangements for regulating the quantity of articles produced in such foreign countries which may be imported into the United States. Title IV: Amendments to the Antidumping and Countervailing Duty Acts - Provides that whenever a class or kind of foreign merchandise is being sold in the United States at less than its fair value and an industry in the United States is being hurt or prevented from being established by reason of the importation of such merchandise, there shall be levied in addition to other duties a special dumping duty in an amount equal to the difference between the purchase price or the exporter's sales price and the foreign market value. Authorizes an additional duty where any country pays a bounty for the production of any goods and those goods are then imported into the United States, the duty to be equal to the bounty. Title V: Amendments to the Trade Expansion Act of 1962 - Adjustment Assistance - Provides for the presentation, consideration, and disposition of petitions for tariff adjustments. Title VI: Foreign Investment and Technology Export Controls - Authorizes the President to prohibit any person within the jurisdiction of the United States from engaging in any transaction involving a direct or indirect transfer of capital to or within any foreign country or to any national thereof when in the judgment of the President the transfer would result in the net decrease in employment in the United States. Imposes a fine of not more than $100,000 and imprisonment of not more than one year for each violation. Title VII: Other Foreign Trade Provisions - Requires the Export-Import Bank of Washington to submit to Congress semi-annually a complete report of its operations. Requires that all goods having foreign made components be clearly marked, indicating the origin of such foreign made components.
United States · United States Congress · 28 February 1973
Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations. Declares it to be the purpose of this Act to provide a means for private financial institutions to assist in providing housing, particularly for low or moderate income families, through such purchases and investments. (Amends 12 U.S.C. 1464 (c), 24)
United States · United States Congress · 22 February 1973
Provides that, beginning one year after enactment of this Act, no law enforcement grants under the Omnibus Crime Control and Safe Streets Act of 1968 will be made to State and local governments unless these units of government have instituted a law enforcement officer's grievance system and have enacted into law a "Law Enforcement Officers' Bill of Rights" which will cover all law enforcement officers in the States. Declares that this Bill of Rights shall provide law enforcement officers statutory protection for certain rights enjoyed by other citizens. Requires the bill of rights to provide, at a minimum, the following: (1) law enforcement officers shall not be prohibited from engaging in political activity, except when on duty or acting in an official capacity; (2) when an officer is subject to an investigation that could lead to disciplinary action or criminal charges: (a) the investigation shall be conducted at a reasonable hour, preferably while the officer is on duty, (b) the investigation shall occur at the office of the investigating officer or at the precinct where the incident occurred, (c) there shall be one interrogator asking all questions to the officer and the names of all investigating officers shall be known by him, (d) the officer shall know the nature of the investigation and the names of complainants, (e) all civilian complaints must be duly sworn to before an official authorized to administer oaths, (f) interrogating sessions shall be of reasonable length, (g) the officer under investigation shall not be subject to abuse or threats, (h) all interrogations shall be recorded, (i) if the officer is to be placed under arrest, he shall be fully informed of his rights before interrogation, and (j) the officer shall have a right to counsel who shall be present during any interrogations dealing with the officer's continued fitness for law enforcement service; (3) citizen review boards having porportionate police representation; (r) law enforcement officers shall have recourse to civil actions for damages suffered or for abridgement of their civil rights arising out of the performance of official duties; (5) financial disclosures shall not be required unless obtained under legal procedures or there is evidence of a conflict of interests; (6) notice of and reasons for all disciplinary action is required; and (7) no officer shall be disciplined or discriminated against in any way by reason of his exercise of these rights. Establishes in each State and unit of local government a law enforcement officers grievance commission composed of an equal number of governmental representatives, law enforcement officers, and members of the general public which shall have the authority to receive, investigate, and determine complaints and grievances arising from claimed infringement of rights of any law enforcement officer. Allows employee organizations to act on the officer's behalf, at his request, regarding any complaint before the commission. Permits certified employee organizations to initiate actions on behalf of their members. Provides that, in addition to this grievance procedure, law enforcement officers may institute a civil action for redress of the grievances.
United States · United States Congress · 21 February 1973
Provides that an individual may qualify for disability insurance benefits and the disability freeze under title II of the Social Security Act if he has enough quarters of coverage to be fully insured for old-age benefit purposes under such Act, regardless of when such quarters were earned.
United States · United States Congress · 8 February 1973
Extends to all unmarried individuals the tax treatment of income splitting now utilized by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than 20 days after the date of the enactment of this Act.
United States · United States Congress · 8 February 1973
Provides that recipients of aid or assistance under the various Federal-State public assistance and medicaid programs, and recipients of assistance under the veterans' pension and compensation programs or any other Federal or federally asssited program, will not have the amount of such aid or assistance reduced because of increases in monthly social security benefits.
United States · United States Congress · 7 February 1973
Extends until 1975 the authority of the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank to regulate the interest rates on deposits and share accounts in financial institutions. (Amends 12 U.S.C. 461nt.) Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which interest or dividends are paid. Extends the authority of the Federal Deposit Insurance Corporation to include interest and dividends paid on deposits by noninsured banks. (Amends 12 U.S.C. 1828(g))
United States · United States Congress · 7 February 1973
Provides that appointments to the Offices of Director and Deputy Director of the Office of Management and Budget shall be subject to confirmation by the Senate. Declares that the Director and Deputy Director shall be appointed for a term of four years, to coincide with the term of the President, except individuals: (1) first appointed under this Act; and (2) appointed to fill a vacancy. States that nothing contained in this Act shall impair the power of the President to remove the occupants of such offices.
United States · United States Congress · 7 February 1973
Act for Freedom of Emigration in East-West Trade - States that after October 15, 1972, products from any nonmarket economy country shall not be eligible to receive most-favored-nation treatment, such country shall not participate in any program of the Government of the United States which extends credits or credit guarantees or investment guarantees, directly or indirectly, and the President of the United States shall not conclude any commercial agreement with any such country during the period beginning with the date on which the President determines that such country: (1) denies its citizens the right or opportunity to emigrate; (2) imposes more than a nominal tax on emigration or on the visas or other documents required for emigration, for any purpose or cause whatsoever; or (3) imposes more than a nominal tax, levy, fine, fee, or other charge on any citizen as a consequence of the desire of such citizen to emigrate to the country of his choice. Provides that, before any of the aforementioned commercial agreements are entered into with any foreign country, the President shall submit to the Congress a report indicating that such country is not in violation of any of the requirements of the preceding paragraph.
United States · United States Congress · 31 January 1973
Provides that, in determining the annual income of any individual for veterans' pension and compensation purposes, the Administrator of Veterans' Affairs shall disregard any increase in benefits under title II of the Social Security Act (Old Age, Survivors, and Disability Insurance) brought about by Public Law 92-336 to which a veteran might be entitled, or any subsequent cost-of-living increase in such benefits occurring pursuant to the Social Security Act. (Adds 38 U.S.C. 415(g)(4), 503(d))
United States · United States Congress · 24 January 1973
Provides that on or after June 30, 1973, no import quota or other nontariff trade restriction shall be imposed by or pursuant to law with respect to the importation into the United States of petroleum and petroleum products. (Amends 19 U.S.C. 1862)
United States · United States Congress · 23 January 1973
Urban Mass Transportation Assistance Act - Authorizes the Secretary of Transportation, under the Urban Mass Transportation Act, to make grants or loans to assist States and local public bodies and agencies thereof in the payment of operating expenses incurred in connection with the provision of mass transportation service in urban areas. Requires a State or public body or agency to submit a comprehensive mass transportation service improvement plan to qualify for such assistance. Authorizes to be appropriated for such grants $400,000,000 for each of the fiscal years 1974 and 1975. Increases to 80 percent the Federal share of projects other than projects for the paying of operating expenses. Increases to $6,100,000,000 the obligations the Secretary may incur to finance urban mass transportation projects under the Act. Authorizes the Secretary to make grants and loans under the Act to private nonprofit corporations and associations for the specific purpose of assisting them in providing transportation services meeting the special needs of elderly and handicapped persons for whom mass transportation services, planned, designed, and carried out under the Act are unavailable, insufficient, or inappropriate. Provides that no financial assistance shall be provided under the Act to any State or local public body or agency thereof which engages directly or indirectly in the transporting of schoolchildren and school personnel to and from school and school-authorized functions, or proposes to expand present routes, schedules, service, or facilities for the purpose of providing transportation for schoolchildren and school personnel to and from school and school-authorized functions, in competition with or supplementary to the service currently provided by a private transportation company, or other person, engaged in so transporting such schoolchildren and school personnel.
United States · United States Congress · 18 January 1973
Makes any Federal savings and loan association or State chartered mutual savings and loan association which converts to a stock savings and loan institution ineligible for insurance under title IV of the National Housing Act. (Adds 12 U.S.C. 1726(e))
United States · United States Congress · 18 January 1973
Expresses the sense of Congress that: (1) the level of supplies of home heating oil has not been adequate to meet the needs of homes across the Nation; and (2) the major cause of the inadequate supply of such oil is the limitation on imports of petroleum and petroleum products. Provides that beginning on the date of enactment of this resolution, such limitation shall not apply to the importation of crude oil or number 2 fuel oil (home heating oil) until the ninety-first day after the date of enactment of this resolution (in the case of crude oil) or April 1, 1974 (in the case of number 2 fuel oil).
United States · United States Congress · 3 January 1973
Provides that no reduction shall be made in the amount of any old-age insurance benefit under title II of the Social Security Act to which an individual is entitled if such individual has 120 quarters of coverage. Entitles an individual with 120 quarters of coverage to medicare benefits under title XVIII of the Social Security Act at age 62.
United States · United States Congress · 3 January 1973
Health Security Act - Title I: Health Security Benefits - Provides that every resident of the U.S. (and every non-resident citizen when in the U.S.) will be eligible for covered services. Permits reciprocal and "buy-in" agreements for groups of non-resident aliens, and in some cases benefits to U.S. residents when visiting in other countries. Entitles every eligible person to have payments made by the Health Security Board for covered services provided within the United States by a participating provider. Provides that all necessary professional services of physicians, wherever furnished are covered, including preventive care, with two important restrictions: (1) specialist services are covered only when performed by a qualified specialist except in emergency situations, and generally only on referral from a primary physician; and (2) psychiatric services to an ambulatory patient are covered only for active preventive, diagnostic, therapeutic or rehabilitative service with respect to mental illness. Provides that comprehensive dental services (exclusive of most orthodontic services) are covered for children under age 15, with the covered age group increasing by two years each year until all those under age 25 are covered. Provides that: (1) inpatient and outpatient hospital services and services of a home health agency are covered without arbitrary limitation; (2) pathology and radiology services are specifically included as parts of institutional services; and (3) custodial care is specifically excluded in specified institutional settings. Limits payment for skilled nursing home care to 120 days per spell of illness, except that this limit may be increased when the nursing home is owned or managed by a hospital and payment for care is made through the hospital's budget. Limits the psychiatric hospital benefit to 45 consecutive days of active treatment during a spell of illness. Provides coverage for two categories of drug use: prescribed medicines administered to inpatients or outpatients within participating hospitals; or to enrollees of comprehensive health service organizations, and drugs necessary for the treatment of specified chronic illnesses or conditions requiring long or expensive therapy. Requires the Board and the Secretary of Health, Education, and Welfare to establish two lists of approved drugs, taking into account the safety, efficacy and cost of each drug. Provides a broad list of approved medicines available for use in institutions and by comprehensive health service organizations and a more restricted list which is available for use outside such organized settings. Provides that the appliances benefit is similar in concept and operation to the drug benefit, subject to a limitation on aggregate cost. Asserts that the professional services of optometrists and podiatrists are covered, subject to regulations, as are diagnostic or therapeutic services furnished by independent pathology laboratories and radiology services. States that health services furnished or paid for under a workmen's compensation law are not covered. Provides that the services of a professional practitioner are not covered if they are furnished in a hospital which is not a participating provider. Requires that participating providers meet standards established in this title or by the Board. Requires that such providers must agree to provide services without discrimination, to make no unauthorized charge to the patient for any covered service, and to furnish data necessary for utilization review by professional peers, statistical studies by the Board, and verification of information for payments. Makes professional practitioners, licensed when the program begins, eligible to practice in the State where they are licensed and requires that all newly licensed applicants for participation meet national standards established by the Board in addition to those required by his State. Establishes conditions of participation for general hospitals similar to those required under Medicare. States that the two requirements not found in the Medicare program are: (1) that the hospital must not discriminate in granting staff privileges on any grounds unrelated to professional qualifications; and (2) that it establish a pharmacy and drug therapeutics committee for supervision of hospital drug therapy. Provides that psychiatric hospitals will be eligible to participate only if the Board finds that the hospital (or a distinct part of the hospital) is engaged in furnishing active diagnostic, therapeutic and rehabilitative services to mentally ill patients. Establishes conditions of participation for skilled nursing homes similar to those established for extended care facilities under Medicare. Makes provisions for the participation of home health service agencies. Describes as eligible a health maintenance organization which undertakes to provide an enrolled population either with complete health care or with complete health security services (other than institutional services, mental health or dental services) for the maintenance of the health and care of ambulatory patients. Permits a foundation sponsored by a county or other local medical society to participate as a provider of services. Authorizes the Board to deal separately with the primary care portion of a system of comprehensive health care where it is necessary to rely on arrangements with other providers. Permits the Board to contract directly with public or other nonprofit mental health centers and mental health day care services. Specifies the broad and general conditions under which independent pathology laboratories, independent radiological services, and providers of drugs, devices, appliances, equipment, or ambulance services may qualify as providers under Health Security. Requires that a participating skilled nursing home have in effect an agreement with at least one participating hospital for the transfer of patients and medical and other information as medically appropriate. Prohibits in malpractice judgments any damages to be awarded to the injured party for the cost of remedial services which he is entitled to receive under this Act. Excludes the institutions of the Department of Defense and the Veterans Administration, and institutions of the Department of Health, Education, and Welfare serving merchant seamen or Indians or Alaskan natives, from serving as participating providers, as well as any employee of these institutions when he is acting as an employee. Provides reimbursement for any services furnished by these institutions or agencies to eligible persons who are not a part of their normal clientele. Permits a physician, dentist, optometrist, or podiatrist, licensed in one State and meeting the national standards, to furnish Health Security benefits in any other State, the scope of his permissible practice being governed by the law of the State in which he is practicing. Grants a similar authority to other health professional and nonprofessional personnel. Establishes the Health Security Trust Fund, to receive the net assets of existing (Medicare) funds taken over by the Health Security program, the yield of the Health Security taxes, and the Government's contribution from general revenues amounting to 100 percent of the yield from these taxes. Provides that three separate accounts shall be established in the Health Security Trust Fund: a Health Service Account, a Health Resources Development Account, and an Administration Account. Provides that in each of the first two years of the program operation, 2 percent of the Trust Fund shall be set aside for the Health Resources Development Fund; and the allocation shall increase by 1 percent at two-year intervals to 5 percent within the next 6 years. Provides for allocation of the Health Services account among the regions of the country. Provides that the allocation to each region shall be based on the aggregate sum expended during the most recent 12-month period for covered services (with appropriate modification for estimated changes in the consumer price index, the expected number of eligible beneficiaries, and estimated changes in the number of participating providers). Provides that the Board will divide the allocation to each region into funds available to pay: institutional services; physician services; dental services; furnishing of drugs; furnishing of devices, applications, and equipment; and miscellaneous services. Provides that payments for covered services provided to eligible persons by participating providers will be made from the Health Service Account in the Trust Fund. Describes the method to be used in applying, as between practitioners electing the various methods of payment fee for service, the monies available in each health service area for payment to each category of professional providers. Authorizes the Board to experiment with other methods of reimbursement so long as the experimental method does not increase the cost of service or lead to overutilization or underutilization of services. Provides that skilled nursing homes and home health agencies will be paid in the same manner as a general hospital (on an approved annual budget basis). Provides that a health maintenance organization will be paid for covered services, on the basis of a fixed capitation rate multiplied by the number of eligible enrollees. Contains a series of provisions for developing a continuous process of health service planning and for assisting in the recruitment, education, and training of health personnel. Authorizes special improvement grants: (1) to any public or other nonprofit health agency or institution to establish improved coordination and linkages with other providers of services, and (2) to organizations providing comprehensive ambulatory care to improve their utilization review, budget, statistical, or records and information retrieval systems, to acquire equipment needed for those purposes, or to acquire equipment useful for mass screening or for other diagnostic or therapeutic purposes. Sets forth the responsibilities and duties of the Secretary of HEW and the Board with regard to this title. Creates an administrative structure within the Department of Health, Education, and Welfare with exclusive responsibility for administration of the Health Security program. Establishes a five-member full-time Health Security Board serving under the Secretary of Health, Education, and Welfare. Provides that the members shall be appointed by the President with the advice and consent of the Senate, for five-year overlapping terms. Creates the position of an Executive Director, appointed by the Board with the approval of the Secretary. Provides that the Executive Director shall serve as secretary to the Board and shall perform such duties in the administration of the program as the Board assigns to him. Provides that the program will be administered through the regional offices of the Department of Health, Education, and Welfare. Requires the establishment of sub-regional (service area) offices. Establishes a National Health Security Advisory Council, with the Chairman of the Board serving as the Council's Chairman and 20 additional members not in the employ of the Federal Government. Authorizes the Advisory Council to appoint professional or technical committees to assist in its functions. Provides that the Advisory Council will advise the Board on matters of general policy in the administration of the program, the formulation of regulations and the allocation of funds for services. Charges the Board with responsibility for informing the public and providers about the administration and operation of the Health Security program. Requires the Board to make a continuing study and evaluation of the program, including adequacy, quality and costs of services. Authorizes the Board directly or by contract to make detailed statistical and other studies on a national, regional, or local basis of any aspect of the title; to develop and test incentive systems for improving quality of care, methods of peer review of drug utilization and of other service performances; to develop and test systems of information retrieval, budget programs, instrumentation for multiphasic screening or patient services, reimbursement systems for drugs; and to make such other studies which it considers would improve the quality of services of administration of the program. Grants authority to the Board, in accordance with regulations, to make determinations of who are participating providers of services, determinations of eligibility, of whether services are covered, and the amount to be paid to providers. Allows a provider of services who is dissatisfied with a final Board determination to obtain a hearing before a Board panel, and judicial review of a final decision. Authorizes the Board, with the advice and assistance of the Commission on the Quality of Health Care, to issue and review regulations assuring the quality of care furnished under this Act. Requires continuing professional education by physicians, dentists, optometrists, and podiatrists. Provides for the appointment of a Deputy Secretary of HEW and an Under Secretary for Health and Science. States that no provision of this Act shall alter any contractual obligation of an employer to provide health services to his employees and their dependents. Title II: Health Security Taxes - Converts the existing Medicare hospital insurance payroll taxes into Health Security taxes, and raises the rates to 1 percent on employees and 3.5 percent on employers. Raises the wage base for the employee tax from the present $7,800 to $15,000 or, if higher 125 percent of the contribution and benefit base. Broadens the definitions of covered employment to include foreign agricultural workers, employees of the U.S. and its instrumentalities (other than members of the armed forces and the President, Vice-President, and Members of Congress), employees of charitable and similar organizations, railroad employees, and (for the employee tax only) employees of States and their political subdivisions and instrumentalities. Excludes from the gross income of employees, for income tax purposes, payment by their employers of part or all of the Health Security taxes on the employees. Spells out the precise effective dates of the new payroll tax provisions. Converts the existing Medicare self-employment tax into a Health Security self-employment tax, and raises the rate to 2.5 percent, and raises the maximum taxable self-employment income from $7,800 to $15,000. Adds a new 1 percent Health Security tax on unearned income (unless such income is less than $400 a year), subject to the same maximum on taxable income as is applicable to the employee and self-employment taxes. Title III: Commission on the Quality of Health Care - Establishes in the Department of HEW a Commission on the Quality of Health Care, with the primary responsibility of: (1) initiating and continuing development of methods of assessing the quality of health care furnished under the Health Security Act, and (2) submitting to the Secretary and the Health Security Board its findings and recommendations. Stipulates that in carrying out its duties the Commissioner shall emphasize, and give first consideration to, care furnished for those illnesses and conditions which have relatively high incidence in the population and which are relatively amenable to medical or other care. Title IV: Repeal or Amendment of Other Acts - Makes various conforming amendments to the medicare, medicaid, vocational rehabilitation, and Federal employees health benefits statutes to bring it into conformity with this Act. Requires that, after the effective date of benefits, no State shall be required to furnish any service covered under Health Security as a part of its State plan for participation under Medicaid, and that the Federal government will have no responsibility to reimburse any State for the cost of providing a service which is covered under Health Security. Provides that funds available under the Vocational Rehabilitation Act or the Maternal and Child Health title of the Social Security Act shall not be used to pay for personal health services after the effective date of benefits, except (to the extent prescribed in regulations by the Secretary of HEW) to pay for services which are more extensive than those covered under Health Security. Title V: Studies Related to Health Security - Authorizes the Secretary of Health, Education, and Welfare in consultation with the Secretary of State and the Secretary of Treasury to study the coverage of health services for U.S. residents in other countries. Directs the Secretary of HEW to study the feasibility and desirability of coordinating the Federal health benefit programs for merchant seamen, and Indians and Alaskan natives, and veterans and members of the Armed Forces, with the Health Security Benefit Program.
![Official portrait of Rep. St Germain, Fernand J. [D-RI-1]](https://www.congress.gov/img/member/s000762_200.jpg)