United States · United States Congress · 30 November 1982
Temporary Emergency Shelter Demonstration Program Act of 1982 - Directs the Secretary of Housing and Urban Development to conduct a demonstration program under which grants will be provided to assist communities or nonprofit organizations to provide shelter for people subject to life-threatening situations because of their lack of housing. Requires the Secretary to make such grants on a competitive basis according to the need for emergency housing. Directs the Secretary to report to Congress on such program and to use a specified amount of the funds appropriated for additional authority for annual contributions for lower income housing projects during FY 1983 to carry out this Act.
United States · United States Congress · 28 September 1982
Amends the National Housing Act to extend certain Federal Housing Administration mortgage insurance and assistance programs. Extends the authority of the Secretary of Housing and Urban Development to set maximum interest rates on certain mortgage insurance programs. Amends the Housing Act of 1949 to extend certain Farmers Home Administration mortgage insurance programs and mutual and self-help housing programs. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program. Amends the National Housing Act to extend the national riot and crime insurance programs. Amends the Housing and Community Development Act of 1974 to extend the period for which areas that qualified as metropolitan cities or urban countries prior to the 1980 decennial census shall retain such status for purposes of the allocation of funds under Federal community development block grants. Amends the Federal Home Loan Mortgage Corporation Act to permit the Corporation to have preferred stock.
United States · United States Congress · 17 August 1982
Catastrophic Health Expense and Cost Constraint Act - Title I: Catastrophic Automatic Protection Plan (CAPP)-Part A: Establishment of Catastrophic Automatic Protection Plan - Adds as a new title to the Social Security Act, title XXI - Catastrophic Automatic Protection Plan. Establishes a voluntary insurance plan to provide automatic protection to families against catastrophic medical expenses, the Catastrophic Automatic Protection Plan (CAPP), to be funded by general revenues and coinsurance amounts. Provides that a family will be eligible for CAPP assistance for CAPP covered expenses after members of the family incur medical expenses equal to the deductible. Varies the deductible depending on income, the maximum being $750 plus 30 percent of the amount by which a family's income exceeds $7,500. Sets forth provisions relating to applications for assistance under this Act. Specifies penalties for any family which intentionally falsifies an income statement. Provides that payments shall be made for up to 100 percent of covered CAPP medical expenses and services except that in the case of prescription drugs for chronic illness the payment rate shall be 75 percent. Provides that the coinsurance amount shall be equal to approximately 10 to 20 percent of family income, graduated according to income. Provides that there shall be no coinsurance payments after a family has incurred expenses equal to the "CAPP stop-loss". Provides that the CAPP stop-loss for any year shall be equal to approximately 10 to 20 percent of family income, again graduated according to income. Part B: Payment of Providers and Administration - Provides that payments with respect to CAPP covered services which are described in title XVIII (Medicare) of the Act shall be made to providers, with specified exceptions, in the amount and in accordance with the procedures set forth in such title. Directs the Secretary of Health and Human Services to provide for a listing, within specified therapeutic categories, of drug entities which may be legally introduced into interstate commerce. Provides that any individual dissatisfied with any determination relating to the individual's eligibility for or amount of CAPP benefits shall be entitled to a hearing concerning such determination and to judicial review of the Secretary's final decision. Part C: Definitions - Sets forth definitions of terms used in this Act, including "CAPP covered services" which is defined as services furnished to an individual to the extent payment for such service may be made under the Medicare program, except that under CAPP: (1) inpatient psychiatric services shall be covered for 45 days in a calendar year; and (2) the limitations on the extent of inpatient hospital services shall not apply with respect to CAPP covered services. Provides, in addition, that such term includes the furnishing of prescription drugs for treatment of chronic illness for individuals entitled to hospital insurance benefits under part A of title XVIII. Directs the Secretary to provide for an evaluation, by an entity outside the Department of Health and Human Services, of the implementation of this Act during its first five years and to report to Congress on the evaluation. Title II: Health Cost Restraint and Employer Health Plans - Amends the Internal Revenue Code to include in a taxpayer's gross income any contribution by his or her employer to a health plan for any month to the extent that such contribution amount exceeds a specified limitation. Limits the employer contribution for the coverage of an employee and his or her family to $100. Provides that the applicable dollar limit for a nonqualified health plan shall be zero. Set forth requirements used to determine whether or not a plan is nonqualified. Includes among the requirements of a qualified health plan the requirements that the plan: (1) provide minimum coverage, which means CAPP covered services; and (2) shall not be treated as providing minimum coverage if the aggregate amount of nonreimbursable deductibles, copayments, and coinsurance with respect to a covered employee during any year for covered deductible medical expenses (as computed under CAPP) and expenses for which assistance is provided such employee or family under CAPP in a calendar year exceeds $3,500. Requires that the employer contribution under a qualified health plan be at least 50 percent of the per employee cost. Authorizes the Secretary of Health and Human Services and the Secretary of the Treasury to enter into an agreement with a State under which the State could certify a health plan. Revises the deduction for medical, dental, and other health expenses by providing that there shall be allowed as a deduction the following amounts, not compensated for by insurance: (1) the amount by which the medical care expenses of the taxpayer, the taxpayer's spouse, and dependents who are blind or disabled or who are receiving Medicare because of end-stage renal disease exceed three percent of adjusted gross income or the amount by which the expenses of medical care (other than care under the supplementary medical insurance program of Medicare) provided the taxpayer, the taxpayer's spouse, and dependents while a resident of a long-term care facility or an institution for the physically or mentally handicapped exceed three percent of adjusted gross income; (2) an amount (not in excess of $150) equal to one-half of the expenses for insurance (which is not a qualified individual health plan); and (3) an amount (not in excess of $500) equal to the expenses for a qualified individual health plan, if no payment is made by the taxpayer's employer toward the plan. Sets forth the requirements of a qualified individual health plan, including a requirement that the plan include CAPP covered services. Title III: Medicare Amendments - Amends part A (Hospital Insurance) of title XVIII (Medicare) of the Social Security Act to provide that individuals entitled to certain part A benefits are eligible under CAPP. Provides coverage for: (1) items and services related to pregnancy, delivery, and the care of a child through one year after birth; and (2) such immunizations against communicable diseases that are capable of causing serious illnesses or death without immunization. Provides that any charge for any service or procedure performed by a doctor shall be reasonable if: (1) the service or procedure is performed in a designated physician shortage area; (2) the physician has a regular practice in the shortage area; (3) the charge does not exceed the prevailing charge level as otherwise determined; and (4) the charge does not exceed the amount generally charged by such physician for similar services. Provides an alternative hospital reimbursement system. Authorizes a legal entity (which may be a hospital, associations of hospitals, or a State or local government) to apply to the Secretary to have hospital services provided by specified hospitals serving the same geographic area reimbursed under such an alternative system rather than as provided under title XVIII or XIX (Medicaid) of the Act. Authorizes a State to apply to have all hospitals in the State reimbursed under the alternative method. Requires approval of the alternative method if under the alternative method: (1) hospital expenditures under Medicare and Medicaid (title XIX of the Act) will not be greater than if the alternative system was not in effect; and (2) there will not be a significant reduction of or refusal to admit specified classes of patients to hospitals. Permits the States and certain legal entities to apply for a grant to aid in establishing the alternative system. Revises provisions relating to payments to and contractual arrangments with health maintenance organizations (HMO) on behalf of individuals eligible for Medicare. Directs the Secretary to annually determine a per capita rate of payment for each class of individuals: (1) enrolled with an HMO pursuant to this Act and entitled to benefits under part A (Hospital Insurance) of title XVIII and enrolled under part B (Supplementary Medical Insurance) of title XVIII; and (2) enrolled with an HMO under part B only. Provides a rate for each class equal to 95 percent of the adjusted average per capital cost for that class. Defines the term "adjusted average per capital cost" to mean the average per capital amount that the Secretary estimates would be payable for services furnished under the Medicare program, if the services were to be furnished by other than an HMO. Directs the Secretary in establishing classes of individuals to take into consideration such factors as age, sex, institutional status, disability status, place of residence, and other factors which the Secretary determines to be appropriate. Redefines an HMO. Requires an HMO to meet certain requirements, including limits on premiums, deductibles, coinsurance, and copayments. Provides that individuals enrolled in the Medicare program shall be eligible under this Act for enrollment with any HMO with which the Secretary has contracted. Prohibits premiums, deductibles, coinsurance, and copayments of an HMO for services in addition to those available to Medicare enrollees from exceeding, for such individuals, the adjusted community rate for such services. Defines the adjusted community rate. Provides that if the Secretary is not satisfied that an HMO has the capacity to bear the risk of potential losses under a risk-sharing contract under this Act or if the HMO so elects, the HMO may be reimbursed on the basis of reasonable cost if the Secretary is satisfied that the HMO is able to perform its contracted obligations effectively and efficiently. Provides for the coverage of the services of a physician assistant or nurse practitioner furnished pursuant to a contract under title XVIII to a member of an HMO. Amends part A (General Provisions) of title XI of the Social Security Act to prohibit a capital expenditure made by or on behalf of a health care facility from being subject to review pursuant to the limitation on Federal participation for capital expenditures of part A if the obligation of the capital expenditure by the facility would not be reviewed under the Public Health Service Act. Directs the Secretary to conduct a study and report to Congress concerning additional benefits offered by HMOs. Title IV: Miscellaneous Provisions - Directs the Secretary to reduce Federal Medicaid payments to a State if the State: (1) reduces the number of categories of individuals eligible for benefits or the extent of such benefits under titles XIX, XX (Grants to States for Services), or XXI of the Act; and (2) makes changes that result in an increase in the amount of payments that would otherwise be made under title XXI. States that it shall be considered an unfair trade practice for any entity to advertise that any amounts paid to an individual represent reimbursement for the deductible under CAPP.
United States · United States Congress · 22 July 1982
Expresses the concern of the House of Representatives in the preservation and restoration of Rhodes Tavern in Washington, D.C. Encourages preservation and restoration efforts by the National Trust for Historic Preservation, the National Capitol Planning Commission, the Commission of Fine Arts, the mayor and city council, and other interested organizations.
United States · United States Congress · 15 July 1982
Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.
United States · United States Congress · 15 July 1982
Expresses the support of the Congress for beginning strategic arms reductions talks. Urges the Soviet Union to join with the United States in concluding an equitable and verifiable agreement which freezes strategic nuclear forces at equal and substantially reduced levels. Reaffirms congressional support for the position that the United States should not enter into an arms agreement which provides for force levels inferior to those of the Soviet Union. Declares that the United States should propose practical measures to: (1) reduce the danger of accidental nuclear war; (2) prevent the use of nuclear weapons by third parties, including terrorists; and (3) halt the worldwide proliferation of nuclear weapons. Insists that any arms control agreement must be fully verifiable.
United States · United States Congress · 24 June 1982
Bank Holding Company Deregulation Act of 1982 - Amends the Banking Act of 1933 to allow a member bank to be affiliated with a bank securities affiliate. Permits any eligible association to acquire the stock of a bank securities affiliate. Defines an 'eligible association' as a bank with assets of less than $100,000,000 which is not controlled by a bank holding company. Requires any eligible association establishing or acquiring a bank securities affiliate to transfer to it all of the following activities within one year after the affiliate has commenced business in the United States: (1) dealing in and underwriting obligations of the United States, general obligations of any State or local government subdivision; and (2) buying and selling securities and stock as agent. Permits any officer, director, or employee of any member bank to serve at the same time as an officer, director or employee of any of its bank securities affiliates. Amends the Securities Exchange Act of 1934 to make the Securities and Exchange Commission the appropriate regulatory agency to enforce a bank securities affiliate's compliance with regulations concerning transactions in municipal securities. Amends the Bank Holding Company Act of 1956 to define "bank securities affiliate" to mean any corporation that: (1) is engaged in the United States in one or more of the activities authorized under such Act; and (2) is a broker or dealer within the meaning of the Securities Exchange Act of 1934 or an investment adviser within the meaning of the Investment Advisers Act of 1940. Permits a bank holding company to engage in activities that the Federal Reserve Board has determined are of a financial nature. Requires any bank holding company seeking to engage in one or more activities of a financial nature to provide the Board written notice within 60 days. Sets forth the information to be contained in such notice. Requires the Board, within 180 days of enactment of this Act, to promulgate regulations to permit bank holding companies to engage in such financial activities. Declares that such financial activities shall include: (1) making or acquiring extensions of credit; (2) operating an industrial bank, Morris Plan bank or industrial loan company as authorized under State law; (3) servicing loans or extensions of credit; (4) acting as an investment or financial advisor; (5) leasing personal or real property; (6) selling money orders, travelers checks, and U.S. savings bonds; and (7) such additional activities of a financial nature as will maximize competition between bank holding companies and other firms engaging in such activities. Permits bank holding companies to engage in certain securities activities. Permits a bank holding company to establish a bank securities affiliate or to acquire an existing securities firm. Permits any bank securities affiliate to conduct any securities or securities-related activity that a bank is not prohibited from conducting. Permits such bank securities affiliate to: (1) deal in and underwrite all State and municipal general obligations and revenue bonds (except industrial development bonds); (2) organize, sponsor, operate, and control an investment company; (3) render investment advice; or (4) underwrite, distribute, and sell securities of any investment company. Permits such bank securities affiliate to deal in and distribute commercial paper and other obligations of its affiliated bank holding company and subsidiaries, and certificates of deposit and bankers' acceptances of any bank, including bank subsidiaries of its affiliated bank holding company. Permits a bank holding company to engage in the following: (1) insurance underwriting and brokerage; and (2) real estate investment, development, or brokerage. Limits Federal Reserve Board authority to: (1) require nonbanking subsidiaries of a bank holding company to submit reports regarding compliance with the provisions of the Bank Holding Company Act; and (2) conduct examinations of such subsidiaries. Amends the Federal Reserve Act to allow a member bank and its subsidiaries to engage in a covered transaction or a financial assistance transaction with an affiliate only on substantially the same terms prevailing for comparable transactions with other nonaffiliated companies. Imposes limitations on the amount of financial assistance transactions between a member bank and an affiliate or all its affiliates. Prohibits a member bank and its subsidiaries from purchasing a low-quality asset from any affiliate unless previously committed to purchase such asset before it was acquired by the affiliate. Prohibits a member bank and its affiliates from purchasing as a fiduciary any securities or other assets from an affiliate unless lawfully authorized by the instrument creating the fiduciary relationship, by court order, or by local law. Prohibits a member bank and its affiliates from publishing any advertisement suggesting that the member bank is responsible for its affiliates' obligations. Prohibits a member bank and its subsidiaries from purchasing or otherwise acquiring, during the existence of any underwriting or selling syndicate, any obligation a principal underwriter of which is an affiliate or subsidiary of the member bank. Sets forth exemptions to such prohibitions. Requires each financial assistance transaction to be secured at the time of the transaction by collateral (or, in the case of a repurchase agreement, by securities or other assets) equal to between 100 to 130 percent of the amount of the transaction. Amends the Federal Deposit Insurance Act to limit the cease and desist authority of the Federal Reserve Board over nonbanking subsidiaries of a bank holding company to activities affecting the safety and soundness of any bank directly or indirectly owned or controlled by such bank holding company, or any activities otherwise violating any banking law, rule, regulation, or order. Amends the Investment Company Act of 1940 to prohibit an investment company affiliated with a bank securities affiliate from: (1) placing or maintaining its securities or similar investments in the custody of a bank affiliated with such bank securities affiliate; (2) designating any such bank as trustee or custodian; or (3) depositing designated proceeds with any such bank. Prohibits any subsidiary of a bank holding company from engaging in certain tying arrangements in which banks are currently forbidden to engage.
United States · United States Congress · 22 June 1982
Expresses the sense of Congress that legislation should be proposed and enacted to: (1) establish parity between the compensation of Government Printing Office (GPO) employees and the compensation of other Federal employees performing similar work; (2) fix the wages of GPO employees in accordance with the prevailing wage rate system applicable to executive branch employees; and (3) strengthen the Public Printer's ability to manage without infringing on the oversight responsibilities of the Joint Committee on Printing.
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to allow individuals to designate one dollar of their income tax liability to be used for the purpose of reducing the public debt of the United States.
United States · United States Congress · 27 May 1982
Safe Harbor Leasing Reform Act of 1982 - Amends the Internal Revenue Code to limit the accelerated depreciation deductions and investment tax credit amounts accruing to safe harbor lessors from sale and leaseback arrangements of depreciable property. Allows such lessors a limited income tax credit for the reduction in tax benefits. Exempts safe harbor lessors from at risk requirements for deducting investment losses. Limits the availability of sale and leaseback arrangements in the case of certain lessees with foreign source income. Limits the income tax deduction for interest on investment indebtedness for safe harbor lease property.
United States · United States Congress · 26 May 1982
Handicapped Infants Protection Act of 1982 - Amends the Child Abuse Prevention and Treatment Act to require the National Center on Child Abuse and Neglect to conduct a study of child abuse or neglect in federally assisted or operated health care facilities. Directs the Secretary of Health and Human Services to: (1) report the results of this study to the Congress within three months; and (2) give priority to information about adoption and foster care of handicapped infants. Prohibits doctors or other health care facility personnel from withholding nutrition or medical treatment from a handicapped infant. Provides a private right of action for violations of this Act. States that any punitive damage awards shall be used for the benefit of the infant involved in the suit, or if deceased, for research and treatment of handicapped infants. Directs the Center to establish and disseminate violations reporting procedures. Provides civil and criminal immunity and job protection for persons reporting such violations. Requires health care facilities to provide parents or guardians of handicapped infants with information about agency assistance for these infants.
United States · United States Congress · 21 May 1982
Professional Sports Stabilization Act of 1982 - Declares that it shall not be unlawful under any antitrust law for a professional sports league and its member clubs to enforce rules: (1) requiring approval by the league membership for the relocation of a member club; or (2) providing for the division of league or member club revenues that promote comparable economic opportunities for member clubs. Prohibits State and local governments from imposing limitations on the collective conduct of sports leagues or member teams authorized by this Act. Specifies the applicability of this Act to actions commenced under the antitrust laws before its enactment.
United States · United States Congress · 19 May 1982
Small Business Regulatory Relief Tax Act of 1982 - Delays until July 1, 1984, the effective date of Treasury regulations determining whether an interest in a corporation is to be treated as stock or indebtedness. Directs the Comptroller General to study and report to Congress on the impact of such regulations on small business.
United States · United States Congress · 12 May 1982
Expresses the sense of the Congress that: (1) the President should direct the appropriate agencies to pursue vigorously and conclude promptly the countervailing duty and antidumping investigations being conducted under the Tariff Act of 1930 and the Trade Act of 1974 concerning foreign trade practices involving carbon steel mill products and specialty steel mill products; and (2) the Congress should consider legislation to strengthen U.S. trade laws if necessary.
United States · United States Congress · 6 May 1982
Amends the Federal Property and Administrative Services Act of 1949 to authorize the Administrator of General Services to sell or lease to State and local governments surplus property that the Attorney General recommends to be suitable and necessary for correctional facility use. Directs the Administrator, when fixing the value of such property, to consider any benefit that may accrue to the United States from the use of such property by a State or local government. Entitles any such government that purchased surplus property for correctional facility use between January 1, 1982, and the enactment of this Act to a refund of any amount the government paid exceeding the value of such property as determined under this Act.
United States · United States Congress · 5 May 1982
Amends the Housing Act of 1959 to direct the Secretary of Housing and Urban Development to give preference in making loans for housing for the handicapped to nonprofit sponsors who contract with qualified handicapped developers who design innovative projects that comply with local housing codes.
United States · United States Congress · 29 April 1982
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide procedures to accompany reviews of disability determinations for purposes of continuing eligibility for disability insurance benefits. Requires that an individual whose case is being reviewed be notified of such review. Permits such an individual to submit medical evidence, prepared by a physician of his or her choice, with respect to the current status of his or her disability which shall be considered in determining the individual's continuing eligibility for disability benefits. Requires the prompt notification of the individual once his or her continuing eligibility for disability benefits has been determined. Allows an individual who is found to be no longer eligible for disability benefits to submit additional medical evidence with respect to his or her disability within 30 days of notification of the determination and request reconsideration of the determination. Permits the individual to request a hearing if the determination is affirmed after such reconsideration. Requires the State agency or the Secretary of Health and Human Services (whichever is reviewing the case) to terminate an individual's benefits if the individual does not request reconsideration of the eligibility determination or if the determination is reconsidered and affirmed. Allows termination of disability benefits only after an administrative hearing and a final determination by the Secretary in cases where: (1) there is a substantial difference of medical opinion as to an individual's disabling condition between the consultative physician chosen by the Secretary or the State agency and the individual's physician; and (2) an individual is substantially dependent upon such benefits. Prohibits the recovery of overpayment of disability benefits in such cases from benefit recipients whose income is less than 150 percent of the poverty line if the final decision is to stop the payment of disability benefits to them.
United States · United States Congress · 29 April 1982
Amends the Small Business Act to require that Small Business Administration (SBA) loans be made on the following priority basis: (1) where the use of the loan will result in the creation of multiple employment opportunities in any labor surplus area; (2) where the proceeds of the SBA's share of the loan will be used to purchase, construct, or rehabilitate buildings or to purchase machinery or equipment to be located in any labor surplus area; and (3) other cases. Specifies the maximum amount of the SBA's share of any such loan. Eliminates authorizations for FY 1983 and 1984 for: (1) SBA loans to small businesses located in areas with high unemployment and low incomes or owned by low-income individuals; and (2) SBA loans to small businesses engaged in the design, manufacture, or sale of energy measures.
United States · United States Congress · 22 April 1982
Amends the African Development Fund Act to authorize the U.S. Governor of the Fund to contribute a specified amount to the third replenishment of the Fund. Authorizes appropriations.
United States · United States Congress · 31 March 1982
Bank Export Services Act - Amends the Bank Holding Company Act of 1956 to permit bank holding companies to invest in shares of any export trading company whose acquisition or formation by a bank holding company has been approved by the Board of Governors of the Federal Reserve System. Limits the investments in such shares to not more than five percent of the bank holding company's consolidated capital and surplus. Prohibits the name of the export trading company involved from being similar in any respect to the name of the bank holding company which owns any of its voting stock or other evidences of ownership. Amends the Federal Reserve Act to permit corporations organized for international or foreign banking, with the approval of the Board of Governors of the Federal Reserve System, to purchase and hold stock or other certificates of ownership in such an export trading company. Prohibits such an investment from exceeding 25 percent of the corporation's own capital and surplus. Permits an export trading company to engage in or hold shares of a company engaged in the business of underwriting, selling, or distributing securities in the United States only to the extent that the corporation may do so under applicable Federal and State banking law and regulations. Prohibits such an export trading company from engaging in manufacturing or agricultural production activities. Raises the ceiling on the aggregate amount of not-fully-secured acceptances which a depository institution and any Federal or State branch or agency of a foreign bank can create with respect to the importation, exportation, or domestic shipment of goods. Increases such limitation from one-half to 150 percent of the capital stock or, with the Federal Reserve Board's permission, twice the amount of the capital stock. Limits the aggregate acceptances growing out of domestic transactions to not more than 50 percent of the aggregate of all acceptances. States that such limitations do not apply to any acceptance which is issued by an institution and which is covered by a participation agreement from other banks or regulated corporations. Repeals the requirement that shipping documents be attached to acceptances arising from the domestic shipment of goods.
United States · United States Congress · 31 March 1982
Housing and Community Development Amendments of 1982 - Title I: Community and Neighborhood Development - Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development to: (1) make rental rehabilitation grants to State and local governments for the rehabilitation of privately owned property for residential rental purposes; and (2) make available contract authority to assist very low income tenants who are displaced by such rehabilitation activities, to minimize such displacement, and to assist other very low income tenants in obtaining decent housing. Sets forth guidelines for the allocation of such grants and assistance (resources) among cities having a population of 50,000 or more, urban counties, and States. Requires the Secretary to conduct annual audits and reviews of the performance of resource recipients. Permits the Secretary to adjust the amount of resources provided to recipients in accordance with the findings of such audits and reviews. Prohibits any adjustments to recapture resources already expended. Authorizes the Secretary to limit the rental rehabilitation grant amounts an entity may receive in any fiscal year. Requires any assisted city, urban county, or State administering a rental rehabilitation program to provide for the public and the Secretary an annual statement on proposed rehabilitation activities. Lists requirements for rental rehabilitation programs assisted under this Act. Restricts the use of rehabilitation grants to structures that are to be used primarily for rental residential purposes in low and moderate income areas. Limits the amount of rehabilitation assistance for a structure to 50 percent of the total rehabilitation costs of that structure. Prohibits assisted State and local governments from imposing rental requirements on assisted structures which differ from those applicable to structures rehabilitated without assistance. Requires a borrower under such a program to be personally liable for repayment of any financing upon default. Provides for State administration of resources in areas outside a city or county receiving a direct allocation. Permits a State: (1) to use allocated resources to conduct its own rehabilitation program; (2) to distribute such resources to local governments; or (3) in FY 1983, to elect to have the Secretary administer such resources. Authorizes the Secretary to establish relocation standards. Directs the Secretary to establish specified procedures governing rehabilitation involving historic structures. Exempts the awarding and use of resources under this Act from the National Environmental Policy Act and related provisions. Prohibits the Secretary from making rehabilitation grants unless the recipient provides satisfactory assurances that its program will be administered in conformity with specified civil rights requirements. Reduces the amount of appropriations authorized for the urban homesteading program for FY 1983. Authorizes appropriations for such program for FY 1984. Provides for the payment of consideration by a State or local government to the Secretary, and by an individual or family to such government, for real property transferred under an urban homesteading program. Requires such a government to remit to the Secretary 50 percent of any amount by which the consideration it receives for such property exceeds the consideration it paid for such property. Authorizes the Secretary to undertake a program to demonstrate the feasibility of using homesteading techniques to facilitate the reuse of multifamily properties owned by the Secretary for homeownership purposes. Directs the Secretary to convey suitable properties to State and local governments for subsequent transfer to individuals under a cooperative or condominium form of ownership. Amends the Housing Act of 1964 to repeal specified provisions authorizing the Secretary to make rehabilitation loans. Amends the Housing and Urban Development Act of 1969 to repeal provisions authorizing the General Services Administration to transfer Federal surplus real property to the Secretary or the Secretary of Agriculture for sale or lease at fair value for use for low- and moderate-income housing. Permits the transfer of property requested before enactment of this Act. Amends the Housing Act of 1949 to repeal provisions that prohibit an urban renewal plan from providing for the construction of transient housing unless the community involved has obtained a transient housing study indicating a need for such housing. Amends the Housing and Urban Development Act of 1965 and the Housing Act of 1961 to repeal provisions requiring the Secretary's approval of the conversion of neighborhood facilities or open space land to uses not originally approved by the Secretary when awarding a grant for acquisition of such facilities or land. Title II: Housing Assistance Programs - Repeals provisions of the Housing and Community Development Act of 1974 governing the allocation of housing assistance among different areas. Repeals provisions of the Housing Act of 1937 governing the division of contract authority for housing assistance for new, existing, and substantially rehabilitated housing. Amends the Housing Act of 1937 to permit low-income housing assistance contracts providing assistance payments based on a payment standard used to determine the maximum monthly assistance payable for any family with respect to an existing unit selected by that family. Directs the Secretary to establish payment standards for various sizes and types of dwelling units in the market area at levels designed to assist the greatest possible number of families in securing decent, safe, and sanitary housing. Directs the Secretary to publish payment standards in the Federal Register. Limits the monthly assistance payment for a family to the amount by which the payment standard exceeds 30 percent of the family's monthly adjusted income at the time the family first receives such assistance, provided that such monthly assistance payment is not greater than the amount by which the monthly rent for the unit exceeds the greater of: (1) ten percent of the family's monthly income; or (2) the part of any welfare payment designated for the family's housing costs. Restricts such assistance payments to very low income families and families previously assisted under the Housing Act of 1937, with preference given to families which: (1) occupy substandard housing; (2) are involuntarily displaced; or (3) pay more than 50 percent of their income for rent. Permits the Secretary to disregard such preference and provide assistance to: (1) eligible families occupying units in formerly assisted projects acquired by the Secretary; or (2) families in units to be rehabilitated. Terminates such assistance with respect to any vacated unit. Limits the duration of such assistance payments to five years. Requires the public housing agency to inspect the assisted unit at least annually to determine that it meets housing quality standards. Provides for low-income housing assistance based on a payment standard for families renting manufactured homes or spaces. Allows the Secretary to establish income ceilings higher or lower than 50 percent of the area median income when defining "very low-income families" for purposes of housing assistance programs if such variations are necessary because of unusually high or low family incomes. Amends the Omnibus Budget Reconciliation Act of 1981 to: (1) give the Secretary discretion to provide for delayed implementation of provisions of this Act providing for housing assistance based on payment standards; (2) extend the applicability of provisions providing for delayed implementation of rent increases under such Act to tenants occupying assisted housing on or before the effective date of this Act; and (3) prohibit annual rent increases of more than 20 percent (currently ten percent) for tenants of assisted housing as a result of provisions of such Act, use of the payment standard under this Act, or any other provision of Federal law redefining which governmental benefits are to be considered as income. Amends the United States Housing Act of 1937 to authorize appropriations for FY 1983 and 1984 for annual contributions for the operation of lower income housing projects. Revises the criteria for demolition of any public housing project to repeal the requirement for timely replacement of demolished units and to include requirements that: (1) the project is obsolete and there is no feasible renovation program; or (2) the demolition of a part of the project will help assure its useful life. Amends the Omnibus Budget Reconciliation Act to repeal provisions authorizing the Secretary to enter into contracts for periodic payments to the Federal Financing Bank to offset the costs to the Bank of purchasing obligations issued by public housing agencies to finance public housing projects. Amends the Housing and Community Development Amendments of 1978 to require that a rental or cooperative housing project be covered by a federally-insured mortgage to be eligible for operating assistance for troubled multifamily projects. Amends the National Housing Act to extend through September 30, 1984, the period during which amounts in the rental housing assistance fund may be approved for such operating assistance. Amends the Housing Act of 1959 to eliminate the requirement that a nonprofit corporation, to be eligible for loans for the provision of housing for the elderly and handicapped, have on its governing body members selected to represent the views of the community where such housing would be located. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend for two years the Secretary's authority to insure housing loans and mortgages under specified insurance programs contained in such Act. Terminates the Secretary's authority to insure mortgages for nursing homes, intermediate care facilities, and hospitals after September 30, 1982, except pursuant to a commitment to insure made before that date. Extends for one year the Secretary's authority to insure mortgages of mortgagors qualifying for homeownership assistance payments under such Act. Authorizes the appropriation of such funds as may be necessary to cover losses sustained by the General Insurance Fund. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research activities of the Department of Housing and Urban Development (HUD) for FY 1983 and 1984. Amends the National Housing Act to repeal the Secretary's authority to establish maximum interest rates on Federal Housing Administration (FHA) loans. Provides that housing mortgages or loans insured under programs that are extended beyond FY 1982, with specified exceptions, shall bear interest at such rate as may be agreed upon by the borrower and the lender. (Currently, the Secretary sets or approves such interest rates within prescribed limits.) Continues the authority of the Secretary to set the maximum interest rate for insured mortgages of mortgagors receiving homeownership assistance payments. Authorizes the Secretary to agree to an extension of the term of an insured mortgage on property or land to be improved or developed upon determining that unusual circumstances make such extension necessary to avoid undue hardship to the mortgagor. Permits maximum mortgage amounts eligible for FHA insurance to be increased by the amount of the mortgage insurance premium paid at the time a mortgage is insured. Excludes such premium from the mortgage downpayment required for such insurance. Increases the amount of the principal obligation of a mortgage executed by a non-occupant mortgagor which is eligible for FHA insurance. Declares that premium charges for FHA insurance of mortgages with alternative financing mechanisms are not required to be the same as premium charges for other FHA mortgages. Eliminates the requirement that debentures issued by the Secretary in payment of insurance claims be redeemable at par plus accrued interest. Makes it discretionary rather than mandatory for the Secretary to regulate the rents and rate of return on HUD-insured housing projects and to provide such insurance primarily to projects providing for families with children. Permits the Secretary to insure mortgages of manufactured home parks designed exclusively for the elderly. Eliminates special limitations on the amount of a mortgage involving refinancing for rehabilitation purposes which qualifies for FHA insurance. Authorizes the Secretary to direct mortgagees who are exercising their option to assign certain insured mortgages to the Secretary to deliver the mortgages and original credit instruments directly to the Government National Mortgage Association in lieu of the Secretary. Authorizes the Association to hold and service such loans as agent for the Secretary. Eliminates the option of mortgagees to assign such insured mortgages to the Secretary with respect to commitments to insure entered into on or after the effective date of this Act. Eliminates the requirement that a condominium meet one of the following conditions to qualify for FHA insurance: (1) the project containing the condominium is or has been federally-insured; (2) there are less than 12 units in the project; or (3) if the project has 12 or more units, it is more than one year old. Repeals provisions limiting the amount of loans and mortgages the Secretary may insure on a coinsurance basis to 20 percent of the amount of all mortgages and loans insured by the Secretary. Extends for two years the Secretary's authority to insure graduated payment mortgages. Eliminates the requirements that a mortgagor must be unable to afford a dwelling under any other mortgage insurance program and must not have owned a dwelling within the previous three years in order to qualify for graduated payment mortgage insurance. Deletes restrictions on the number of graduated payment mortgages which may be insured during a year. Gives the Secretary authority to insure graduated payment mortgages for housing projects consisting of five or more dwelling units. Authorizes the Secretary to insure a limited number of adjustable rate mortgages for single-family homes (dwellings designed for occupancy by one to four families). Permits annual interest rate adjustments of not to exceed one percent through adjustments in the monthly payment, the mortgage term, or a combination of both. Prohibits: (1) extending the mortgage term beyond 40 years; or (2) increasing the interest rate by more than five percentage points over the mortgage term. Directs the Secretary to require the mortgagee to provide information to the mortgagor describing the features and maximum possible payment schedule for an adjustable rate mortgage. Authorizes the Secretary to insure a specified number of shared appreciation mortgages for single-family homes and multifamily housing projects. Requires the Secretary to establish the maximum interest rate which may be charged on such mortgages and the maximum percentage of the property's net appreciated value payable to a mortgagee upon sale or transfer of the property or payment in full of the mortgage. Excludes a mortgagee's share of the net appreciated value from the mortgagee's insurance benefits in the event of a default. Directs the Secretary to establish disclosure requirements applicable to mortgagees making shared appreciation mortgages. Exempts such mortgages from State authority. Requires a shared appreciation mortgage on a multifamily housing project to have a mortgage term of at least 15 years and to be repayable in monthly installments needed to retire the debt over 30 years. Authorizes the Secretary to insure certain housing loans which do not completely amortize over the loan term. Authorizes the Secretary to make expenditures to correct, or provide compensation for, structural defects in an FHA-insured single-family home for which a Veterans Administration loan guaranty was approved prior to construction. Requires payment to the Government of mortgage insurance premiums promptly: (1) upon their receipt from the borrower with respect to mortgages on single-family homes; and (2) when due to the Secretary with respect to mortgages on multifamily housing projects. Authorizes the Secretary to insure the mortgage of a single-family home that is located on an Indian reservation and purchased by a member of an Indian tribe for his or her principal place of residence, notwithstanding any other limitations of the National Housing Act. Amends the Housing and Community Development Amendments of 1978 to eliminate certain restrictions on the management and disposal of multifamily housing projects owned by HUD. Authorizes the Secretary to provide assistance based on a payment standard to very low-income tenants of specified multifamily projects. Amends the Multifamily Mortgage Foreclosure Act of 1981 to repeal provisions authorizing or directing the Secretary to require the purchaser of a HUD-owned multifamily housing project at a foreclosure sale to continue to operate the project in accordance with the terms of the Act under which it was insured. Authorizes the Secretary to require an applicant for financial assistance or mortgage or loan insurance to: (1) include his or her social security number or employer identification number on designated forms; and (2) sign a form authorizing the Secretary to verify and audit information furnished by the applicant and authorizing other agencies and private sources to release information relevant to the applicant's eligibility or benefit level. Amends the Social Security Act to authorize State unemployment agencies to release to HUD and public housing agencies information concerning such applicant's wages and unemployment benefits. Requires the entity responsible for determining eligibility for assistance or insurance to deny eligibility to any applicant who: (1) has made false or misleading statements or concealed relevant facts; or (2) has violated the authorizing Act or regulation. Amends the Housing and Community Development Act of 1980 to prohibit the Secretary from providing financial assistance to aliens through a specified housing insurance program. Amends the Real Estate Settlement Procedures Act of 1974 to repeal provisions which: (1) prohibit any person from receiving any kickback or unearned fee incident to a real estate settlement service involving a federally related mortgage; (2) prohibit any seller of property to be purchased with the assistance of a federally related mortgage loan from requiring that the buyer purchase title insurance from a particular title company; and (3) require that the borrower be permitted to examine the settlement form the day before settlement in a transaction involving a federally related mortgage. Permits a lender, in connection with a federally related mortgage loan, to require a deposit into an escrow account if under existing escrow procedures there is a shortage of funds to pay taxes, insurance premiums, or other charges due. Amends the Housing and Urban Development Act of 1968 and the National Housing Act to repeal specified provisions authorizing housing counseling assistance to mortgagors.
United States · United States Congress · 31 March 1982
Enterprise Zone Tax Act of 1982 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 25 nominated areas per year. Limits the period during which such designation shall remain in effect. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 2,500 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on December 31, 1985. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Title II: Federal Income Tax Incentives - Subtitle A - Credits for Employers and Employees - Amends the Internal Revenue Code to allow employers a nonrefundable income tax credit for ten percent of the increase in payroll for all employees, taking into account a maximum of $15,000 in wages per employee. Allows such credit only for wages paid to employees who perform 90 percent of their services in work directly related to the conduct of the taxpayers' business located in the enterprise zone and who perform 50 percent of their services within such zone. Phases out such credit in the last three years of the enterprise zone designation. Allows a nonrefundable income tax credit for employers equal to 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such credit by ten percent a year beginning in the fourth year after such designation. Requires a recapture of such credit for the early termination of such employees. Disallows a deduction for the portion of wages or salaries subject to such credit. Requires employers to furnish to each employee a written statement showing the amount of wages paid to such employee. Provides an income tax credit for enterprise zone employees equal to five percent of the first $9,000 of wages received each year. Phases out such credit in the last four years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for certain tangible property located in enterprise zones. Limits such credit to five percent for zone personal property and ten percent for new zone construction property, including rental property. Requires that the property subject to such credit be predominantly used in the zone, be purchased after zone designation, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon early disposition of the property. Subtitle C: Reduction in Capital Gain Tax Rates - Eliminates the capital gains tax on property of corporations acquired after the enterprise zone designation and used in a zone business. Qualifies certain low-income rental housing located in an enterprise zone for such treatment. Permits property to remain qualified for purposes of the revised capital gains treatment after a designation of an enterprise zone has terminated. Exempts gain from the sale or exchange of property used in a business in an enterprise zone from the computation of the minimum tax. Expresses the sense of Congress that if the minimum tax is modified, enterprise zone capital gain will be excluded in computing minimum taxable income. Subtitle D: Extension of Carryover Periods - Extends the net operating loss and investment tax credit carryover period to the longer of 15 years or the duration of the enterprise zone designation for businesses operating in such zones. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that rules relating to small issue tax-exempt industrial development bonds now in effect shall apply to bonds used to finance land or other depreciable property located in an enterprise zone, even if such rules are subsequently changed. Subtitle F: Sense of the Congress With Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions, to include qualified businesses (as defined in Title II of this Act), designating governments, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by designating governments, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows the waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and the Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to and expedite applications for the establishment of ports of entry necessary to establish such zones. States that to the maximum extent practicable foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 29 March 1982
Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels of forces; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.
United States · United States Congress · 23 March 1982
Olympic Coin Act of 1982 - Title I: Olympic Coins - Provides for the minting of commemorative gold coins to honor and commemorate the 1984 Los Angeles Olympic Games. Sets forth minting specifications and limits the aggregate face value of all such coins. Requires the Secretary of the Treasury to determine the design of the coins. Declares that such coins are legal tender and terminates their minting after December 31, 1984. Directs the Secretary to enter into an agreement with the Los Angeles Olympic Organizing Committee which shall provide for the implementation of the purposes of this Act. Directs the Secretary to furnish such coins to the Organizing Committee at a price agreed to under such agreement. Requires delivery of all coins minted to the Committee for distribution and sale to the public. Sets the delivery date for each series of coins. States that proceeds received by the Committee from the commercial sale of such coins shall be used for the purpose of staging and promoting the 1984 Los Angeles Olympic Games and assisting the U.S. Olympic Committee and amateur athletics. Sets forth procedures and criteria for the Organizing Committee to follow in selecting a marketing organization for such coins. Establishes in the Treasury the Los Angeles Olympic Coin Fund for the deposit of sums received from the Organizing Committee and to carry out provisions of this title. Requires the Secretary to report to Congress on the sale of the coins minted under this title. Grants the Comptroller General access to all data relating to the use and funding of such coins. Exempts the Secretary from Federal laws governing procurement or public contracts for purposes of this title. Title II: Gold Medallions - Amends the American Arts Gold Medallion Act to allow the Secretary of the Treasury to provide for sales of gold medallions through dealers and, if appropriate, through the Department of the Treasury.
United States · United States Congress · 18 March 1982
Caribbean Basin Economic Recovery Act - Title I: Duty-Free Treatment - Authorizes the President to proclaim duty-free treatment for all eligible articles from Caribbean countries the President designates as beneficiary countries. Prohibits the President from terminating a country's beneficiary designation unless both Houses of Congress are notified 60 days before the termination. Requires the President to consider only specified countries and territories as beneficiary countries. Prohibits the President from designating as a beneficiary country any country that: (1) is a Communist country; (2) has nationalized or seized control, or effectively nationalized or seized control, of U.S. property, unless the President determines that a good faith effort is being made to compensate for such seizure; (3) fails to act in good faith in recognizing as binding or in enforcing arbitral awards in favor of U.S. citizens or corporations; or (4) grants preferential treatment to the products of a developed country other than the United States which may have a significant adverse effect on U.S. commerce, unless the President reports to Congress that certain assurances have been made. Permits the President to designate as a beneficiary country a Communist country, an expropriating country or a country that fails to act in good faith with respect to an arbitral award if the President determines and reports to Congress that such designation will be in the national interest. Lists factors the President should consider in determining whether to grant beneficiary designation. Amends the Tariff Schedules of the United States to grant to imports from U.S. insular possessions, subject to specified provisions of this Act, duty treatment no less favorable than the treatment afforded such imports from a beneficiary country. Directs the President to withdraw or suspend a country's beneficiary designation, if the President determines that changed circumstances in such country would prohibit such designation under the guidelines in this title. Requires duty-free treatment to apply to any article imported from a beneficiary country, unless otherwise excluded from eligibility, if: (1) the article is imported directly from such country into U.S. customs territory; and (2) the sum of specified costs of the article is not less than 25 percent of its appraised value at the time of its entry. Prohibits this duty-free treatment from applying to textile and apparel articles covered by textile agreements. Sets forth the manner of governing the importation and duty-free treatment of certain sugars, sirups, and molasses. Authorizes the President to suspend the duty-free treatment provided by this title and to proclaim a duty for an eligible article if such action is taken pursuant to certain import relief or national security provisions. Requires the International Trade Commission (ITC) in any report on a petition for import relief under the Trade Act of 1974 to state how its findings and recommendations apply to any duty-free article imported from beneficiary countries. Authorizes the President to reduce or end the application of import relief measures with respect to articles imported from beneficiary countries earlier than otherwise scheduled. Provides that suspension of duty-free treatment provided by this title shall be treated as an increase in duty for purposes of the import relief section of the Trade Act of 1974. Prohibits such a suspension of duty-free treatment unless the ITC finds that the harm caused by the imports results from its duty-free treatment by this title. Authorizes the filing of petitions for import relief with the Secretary of Agriculture, as well as with the ITC, for injury from imports of perishable products from beneficiary countries. Directs the Secretary to recommend the granting or denying of such petition within 14 days of its filing. Requires the President to take emergency action or to publish a notice of determination not to take emergency action within seven days of receiving the Secretary's recommendation. Sets forth the limits on the duration of the emergency action. Defines perishable products to include certain fresh or chilled vegetables, fresh mushrooms, fresh fruit, and fresh cut flowers. Exempts from proclamations under this title certain fees imposed pursuant to the Agricultural Adjustment Act. Amends the Tariff Schedules of the United States to increase to five liters (currently, four liters) the amount of duty-free liquor that may be brought into the United States. Requires that not more than four liters, of such five liter limit, may have been produced outside American Samoa, Guam, or the U.S. Virgin Islands. Authorizes the President to withdraw duty-free treatment on rum if the amount of excise taxes on rum that is paid into the treasuries of Puerto Rico and the Virgin Islands falls below the amount that would have been paid if the rum had been produced in Puerto Rico or the Virgin Islands. Amends the Trade Agreements Act of 1979 to repeal the provision for protecting U.S. possessions against revenue losses caused by concessions granted by the United States in the Tokyo Round of the Multilateral Trade Negotiations. Prohibits any action under this title from affecting a tariff imposed by Puerto Rico on coffee imported into Puerto Rico. Limits the duration of duty-free treatment under this Act to 12 years. Title II: Emergency Economic Assistance - Authorizes FY 1982 appropriations for economic support funds for countries in the Caribbean Basin. Title III: Tax Provisions - Amends the Internal Revenue Code to require excise taxes on rum imported into the United States to be paid to Puerto Rico and the U.S. Virgin Islands. Limits the amount paid to Puerto Rico and the U.S. Virgin Islands to the amount those possessions would have received if the rum had been produced in Puerto Rico or the Virgin Islands and transported to the United States. Provides an investment tax credit for investments in Caribbean Basin property placed in service within five years after enactment. Defines Caribbean Basin property as new investment credit property used predominantly in a country that is: (1) a beneficiary country, as defined under this Act; and (2) a party to a bilateral agreement providing for exchange of information between the United States and the beneficiary country. Authorizes the Secretary of the Treasury to conclude an agreement with a beneficiary country to provide information to carry out the tax laws of the United States and the beneficiary country. Prohibits allowing an investment tax credit to foreign corporations for Caribbean Basin property. Allows an investment tax credit to a U.S. shareholder of a foreign corporation that invests in Caribbean Basin property if the shareholder holds five percent of the foreign corporation's stock. Requires recapture of the investment credit if, during any taxable year, the Caribbean Basin property is used predominantly outside a qualifying country or the United States. Extends an investment tax credit and accelerated cost recovery deduction to property owned or used by U.S. corporations or citizens engaged in trade or business in Puerto Rico or other U.S. possessions. (Current law excludes such corporations and citizens from obtaining such credit and deduction.) Authorizes certain corporations that own stock in corporations doing business in Puerto Rico or another U.S. possession to receive a portion of the investment tax credit and accelerated cost recovery deduction available to corporations doing business in Puerto Rico or another U.S. possession. Authorizes certain corporations that own stock in corporations doing business in the Virgin Islands to receive a portion of the investment tax credit and the accelerated cost recovery deduction available to the corporations doing business in the Virgin Islands. Excludes from the definition of qualified leased property for purposes of the accelerated cost recovery deduction Caribbean Basin property and property in Puerto Rico or U.S. possessions owned by certain U.S. corporations or citizens.
United States · United States Congress · 16 March 1982
Expresses the sense of the House of Representatives that changes to the Railroad Retirement Act of 1974 proposed in the FY 1983 budget should not be implemented.
United States · United States Congress · 16 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 15 March 1982
Synthetic Fuels Corporation Amendments of 1982 - Amends the Energy Security Act to authorize the U.S. Synthetic Fuels Corporation to make loans, loan and price guarantees, and purchase agreements and to enter into joint ventures for district heating or cooling projects. Authorizes the Corporation to make price support loans for municipal waste energy projects which produce and sell biomass energy. Requires the Corporation to solicit proposals and provide financial assistance for district heating or cooling projects and municipal waste energy projects. Requires that the synthetic fuel production strategy established by the Corporation address the types of district heating or cooling projects and municipal waste energy projects the Corporation intends to assist. Makes a minimum of 25 percent of the amount of financial assistance available for obligation during any fiscal year by the Corporation available for such projects. Requires the Corporation's Board of Directors to assure that the Corporation is organized to evaluate, process, and review proposed and funded district heating or cooling projects and municipal waste energy projects.
United States · United States Congress · 15 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 2 March 1982
Civil Rights Act of 1982 - Title I: Equal Opportunity Provisions - Establishes uniform procedures for the enforcement by the Federal Government of civil rights laws, including title VII of the Civil Rights Act of 1964, the Fair Housing Act, the Age Discrimination in Employment Act, and numerous other discrimination laws and provisions. Continues to authorize individual Federal agencies to investigate, attempt to resolve, and monitor compliance with regard to discrimination complaints, but otherwise centralizes enforcement authority in the Equal Employment Opportunity Commission and the Attorney General. Permits an individual to bring a civil action directly in Federal court for an alleged act of discrimination. Requires an investigative agency to seek to develop a voluntary compliance agreement by informal methods of conference, conciliation, and persuasion. Authorizes the Attorney General to bring civil actions in court for patterns or practices of unlawful discrimination. Prohibits a Federal agency from issuing any regulation with regard to employment discrimination without the prior approval of the Equal Employment Opportunity Commission. Prohibits any Federal agency and the Commission from issuing any regulation without the approval of the Attorney General. Establishes a one-House congressional veto procedure for regulations under this Act issued by any Federal agency, the Commission, and the Attorney General. Makes any such regulation effective 45 days after its transmittal to Congress if it is not disapproved. Continues generally an "effects" standard for proving discrimination, but requires the effect to be "reasonably foreseeable" with regard to certain discriminatory acts, including denial of Federal benefits. Title II: Administrative Provisions - Requires the Director of the Office of Management and Budget to determine which personnel employed in connection with functions affected by this Act shall be transferred to the Department of Justice and the Equal Employment Opportunity Commission.
United States · United States Congress · 24 February 1982
Trade and Investment Equity Act of 1982- Amends the Trade Act of 1974 to include restrictions on direct investments by U.S. citizens or nationals among the discriminatory foreign trade practices that trigger a U.S. response. Requires U.S. action if the President determines such action is appropriate to respond to a foreign trade practice that denies the United States commercial opportunities substantially equivalent to those offered by the United States. Authorizes the President, upon making such a determination, to: (1) change Government procurement policies to provide for procurement from nations that provide substantially equivalent commercial opportunities to comparable U.S. producers; or (2) propose legislation that would impose equivalent restrictions within the United States on countries that do not provide such opportunities. Authorizes the President to negotiate agreements to eliminate discriminatory barriers on foreign direct investment by U.S. citizens or nationals. Imposes specified conditions and limitations on Presidential action to enforce U.S. rights under trade agreements and to respond to foreign trade practices. Authorizes the President to take action: (1) on a nondiscriminatory basis or solely against the products, services, or investment of the foreign entity involved; and (2) against products, services, or investments other than those involved in the investigation. Directs the President to take into account: (1) U.S. trade agreement obligations; and (2) the impact of the action taken on the U.S. economy. Directs the President to review at least biennially each such trade action. Directs the President to rescind an enforcement action within 30 days after: (1) the offending practice is eliminated; or (2) it is determined that continuing the action is not in the national interest. Authorizes the House Ways and Means Committee or the Senate Finance Committee to file a resolution with the U.S. Trade Representative (USTR) requesting the President to take action to enforce U.S. trade rights or to respond to discriminatory trade practices. Directs the USTR to recommend possible Presidential actions concerning specified trade agreements within one year of the start of the dispute settlement procedure. (Current law requires such recommendations within 30 days of the end of the dispute settlement procedure.) Requires the USTR to consult with the U.S. International Trade Commission on the probable impact on the U.S. economy of taking action with respect to such product, service, or direct investment. Authorizes the President to negotiate international agreements on restrictions on foreign direct investment. Directs the President to take such action as may be necessary to extend the General Agreement on Tariffs and Trade to cover trade in services and direct investment. Directs the USTR to report biennially to the Senate Finance Committee and the House Ways and Means Committee on the principle trade barriers of any major trading country.
United States · United States Congress · 23 February 1982
Department of the Coast Guard Organization Act - Transfers the Coast Guard from the Department of Transportation to the Department of Defense as a separate military department headed by a Secretary of the Coast Guard.
![Official portrait of Rep. Stanton, J. William [R-OH-11]](https://www.congress.gov/img/member/s000804_200.jpg)