United States · United States Congress · 15 January 1979
Amends the Federal Election Campaign Act of 1971 to add Title V: Financing of General Election Campaigns for the House of Representatives. Directs the Secretary of the Treasury to maintain, in the Presidential Election Campaign Fund, the House of Representatives Election Campaign Account. Sets forth eligibility requirements to be met by candidates for election to the House of Representatives seeking payments from such Account. Limits expenditures from personal funds which may be made by candidates meeting such eligibility requirements. Entitles eligible candidates to matching payments and sets forth the procedure for determining the amounts of these payments. Stipulates that the aggregate payments to all candidates in an election shall not exceed three times the maximum amount payable in matching funds. Suspends certain expenditure limitations on eligible candidates if any candidate not eligible to receive payments pursuant to this Act makes expenditures or receives contributions in excess of specified amounts. Sets forth the procedure for requesting matching payments. Sets forth procedures to be followed by the Secretary of the Treasury in maintaining the House of Representatives Election Campaign Account. Directs the Federal Elections Commission to conduct examinations and audits of the campaign accounts of ten percent of the eligible candidates. Provides for the participation of the Commission in judicial proceedings arising under this Act. Authorizes appropriations necessary to carry out the purposes of this Act.
United States · United States Congress · 15 January 1979
Constitutional Amendment - Prohibits compelling a student to attend a public school other than the one nearest his residence which is located within the school district in which the student resides and which provides the course of study pursued by such student. Grants Congress the power to enforce by appropriate legislation the provisions of this amendment, and to insure equal educational opportunities for all students wherever located.
United States · United States Congress · 15 January 1979
Constitutional Amendment - Provides that total appropriations shall not exceed estimated revenues. Authorizes the suspension of such prohibition in time of war or national emergency. Prohibits any increase in the national debt as it exists on the date this article is ratified. Sets forth a schedule for repayment of the national debt.
United States · United States Congress · 13 October 1978
American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit.
United States · United States Congress · 6 October 1978
American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit.
United States · United States Congress · 6 October 1978
Directs the Civil Aeronautics Board to immediately dissolve the Airlines Mutual Aid Pact. Directs the Board to study the collective bargaining process within the airline industry and to make recommendations to Congress within six months on methods of alleviating the occurrence of protracted airline strikes.
United States · United States Congress · 5 October 1978
Inflation Reduction and Jobs Protection Act - Amends the Fair Labor Standards Act of 1938 to postpone (1) the minimum wage of $2.90 and (2) modification of the formula for determining the amount of wages which an employer is deemed to have paid to a tipped employee from the year beginning January 1, 1979, to the year beginning January 1, 1980. Postpones a subsequent increase in the minimum wage and further modification of such formula by one year.
United States · United States Congress · 5 October 1978
Constitutional Amendment - Requires Congress to assure that the total outlays of the Government, during any fiscal year, do not exceed the total receipts of the Government during such fiscal year. States that by the fourth fiscal year after the ratification of this amendment the budget shall be balanced. Permits expenditures to exceed national revenues in time of declared emergency, but states that such expenditures shall never exceed receipts by more than ten percent. Provides that during the fifth fiscal year beginning after the ratification of this amendment and for the next 19 succeeding fiscal years thereafter, the total receipts of the Government shall exceed outlays by an amount equal to five percent of the Federal indebtedness at the beginning of the fifth year fiscal year.
United States · United States Congress · 5 October 1978
Declares that the Congress opposes the President's promulgation of wage, price, or other economic stabilization standards enforced by a direct or implied threat that compliance with such standards by unions, industries, or other private economic groups will be materially considered in the exercise of administrative discretion by Federal agencies.
United States · United States Congress · 5 October 1978
Declares that the Congress opposes the President's promulgation of wage, price, or other economic stabilization standards enforced by a direct or implied threat that compliance with such standards by unions, industries, or other private economic groups will be materially considered in the exercise of administrative discretion by Federal agencies.
United States · United States Congress · 29 September 1978
Declares that the Congress opposes the President's promulgation of wage, price, or other economic stabilization standards enforced by a direct or implied threat that compliance with such standards by unions, industries, or other private economic groups will be materially considered in the exercise of administrative discretion by Federal agencies.
United States · United States Congress · 13 September 1978
International Sugar Stabilization Act - Title I: International Sugar Agreement, 1977 - Authorizes the President to prohibit the importation of sugar from any country not a member of the International Sugar Organization, and to otherwise regulate foreign trade in sugar to implement the International Sugar Agreement. Establishes criminal penalties for the violation of such regulations. Requires the President to submit to Congress an annual report on the Agreement. Title II: Import Restrictions on Sugar - Establishes 12 cents per pound raw value as the price objective for domestic sugar. Requires the Secretary of Agriculture to monitor the average daily price of sugar. Directs the Secretary to recommend to the President the imposition of import fees and quotas, if necessary, in order to attain the price objective for domestic sugar. Authorizes the President to proclaim such import fees and quotas after receiving a recommendation from the Secretary. Authorizes the President to impose a quota or duty on the importation of sugar-containing products. Prohibits the importation of certain sugar or liquid sugar into the Virgin Islands in excess of 100 pounds annually. Prohibits the exportation of certain sugar from the United States. Establishes civil penalties for the violation of such regulations. Sets forth items to which the sugar quota shall not apply. Permits the President to suspend the operation of this Title in a national emergency. Title III: Payments to Producers of Sugar Beets and Sugarcane - Amends the Food and Agriculture Act of 1977 to establish for crop years 1979-1982 a program of payments to eligible producers of sugar beets and sugarcane. Sets forth the formula for determining the amount of such payments. Title IV: Labor Provisions - Requires every producer of sugar beets and sugarcane to pay each employee a fair and reasonable wage. Limits the employment of children up to the age of 16 in the production of sugar beets and sugarcane. Prohibits any employer from discriminating against any employee who has participated in any investigation or proceeding under this Act. Title V: Miscellaneous Provisions - Vests jurisdiction for enforcing this Act in the district courts of the United States. Requires certain information to be furnished to the Secretary by persons engaged in the manufacture, marketing, transporting, or industrial use of sugar. Prohibits officials engaged in the administration of this Act from investing in sugar. Establishes penalties for the violation of these regulations. Authorizes the Secretary of Agriculture to conduct surveys and investigations to carry out this Act. Terminates this Act, except for Title I, effective September 30, 1983.
United States · United States Congress · 11 September 1978
International Sugar Stabilization Act - Title I: International Sugar Agreement, 1977 - Authorizes the President to prohibit the importation of sugar from any country not a member of the International Sugar Organization, and to otherwise regulate foreign trade in sugar to implement the International Sugar Agreement. Establishes criminal penalties for the violation of such regulations. Requires the President to submit to Congress an annual report on the Agreement. Title II: Import Restrictions on Sugar - Establishes 12 cents per pound raw value as the price objective for domestic sugar. Requires the Secretary of Agriculture to monitor the average daily price of sugar. Directs the Secretary to recommend to the President the imposition of import fees and quotas, if necessary, in order to attain the price objective for domestic sugar. Authorizes the President to proclaim such import fees and quotas after receiving a recommendation from the Secretary. Authorizes the President to impose a quota or duty on the importation of sugar-containing products. Prohibits the importation of certain sugar or liquid sugar into the Virgin Islands in excess of 100 pounds annually. Prohibits the exportation of certain sugar from the United States. Establishes civil penalties for the violation of such regulations. Sets forth items to which the sugar quota shall not apply. Permits the President to suspend the operation of this Title in a national emergency. Title III: Payments to Producers of Sugar Beets and Sugarcane - Amends the Food and Agriculture Act of 1977 to establish for crop years 1979-1982 a program of payments to eligible producers of sugar beets and sugarcane. Sets forth the formula for determining the amount of such payments. Title IV: Labor Provisions - Requires every producer of sugar beets and sugarcane to pay each employee a fair and reasonable wage. Limits the employment of children up to the age of 16 in the production of sugar beets and sugarcane. Prohibits any employer from discriminating against any employee who has participated in any investigation or proceeding under this Act. Title V: Miscellaneous Provisions - Vests jurisdiction for enforcing this Act in the district courts of the United States. Requires certain information to be furnished to the Secretary by persons engaged in the manufacture, marketing, transporting, or industrial use of sugar. Prohibits officials engaged in the administration of this Act from investing in sugar. Establishes penalties for the violation of these regulations. Authorizes the Secretary of Agriculture to conduct surveys and investigations to carry out this Act. Terminates this Act, except for Title I, effective September 30, 1983.
United States · United States Congress · 7 September 1978
Soft Drink Interbrand Competition Act - Declares that exclusive territorial arrangements made as a part of a licensing agreement for the manufacture, distribution, or sale of a trademarked soft drink product are lawful under the antitrust laws provided such product is in substantial and effective competition with other products of the same general class.
United States · United States Congress · 15 August 1978
Requires the President to submit to Congress a biannual report on the management of the executive branch. Requires the Director of the Office of Management and Budget to provide an evaluative report on Federal programs to the President to be included with the President's report.
United States · United States Congress · 9 August 1978
Expresses the sense of Congress that the Environmental Protection Agency, the Nuclear Regulatory Commission, and the Federal courts should expedite all remaining administrative and judicial proceedings with respect to the Seabrook Nuclear Station project (New Hampshire), and that all licensing and permitting procedures for the construction and operation of nuclear generating stations should be reviewed and modified to improve the efficiency of such procedures.
United States · United States Congress · 19 July 1978
Directs the Administrator of the Environmental Protection Agency to request the National Academy of Science to conduct a study regarding the desirability of developing a Federal policy for the determination of the potential carcinogenicity in man of chemicals tested primarily in nonhuman test systems through the standardization of certain tests.
United States · United States Congress · 18 July 1978
Provides that where two or more Members of the House of Representatives pay the basic pay of an individual from the clerk-hire allowance of each such Member, such individual shall be considered to be on the payroll of only one such Member for purposes of determining the number of individuals employed by such Members under the clerk-hire allowance. Requires such Members to designate who shall be considered the employer for the month involved and to report such designation to the Office of Finance.
United States · United States Congress · 17 July 1978
Establishes a National Agricultural Cost of Production Board to review, and advise the Secretary of Agriculture concerning, the adequacy and accuracy of the cost-of-production formulas used by the Department of Agriculture in connection with the administration of its price support programs.
United States · United States Congress · 11 July 1978
Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to provide that no part of the excess earnings of an individual shall be charged to any month if such month is in the taxable year in which occurs the first month after December 1977 that is both a month in which the individual is entitled to benefits and is unemployed.
United States · United States Congress · 29 June 1978
Amends the Migratory Bird Hunting Stamp Act to set the fee for Federal migratory-bird hunting and conservation stamps at $5, and authorizes the Secretary of the Interior to raise such fee to $7.50 if funds in the migratory bird conservation fund have been obligated. Directs the Secretary to prohibit the hunting of migratory birds in any State which fails to approve an acquisition of water fowl habitat within a reasonable time.
United States · United States Congress · 21 June 1978
Amends the Immigration and Nationality Act to exclude aliens affiliated with terrorist organizations from: (1) visa eligibility and admission into the United States; (2) temporary parole admission; and (3) transit through the United States as foreign officials. Authorizes the Attorney General to deport such aliens, and prohibits the Attorney General from allowing such aliens to voluntarily depart rather than being deported. Removes specified diplomatic and semidiplomatic immunities from such aliens. Makes it a felony under such Act to knowingly aid such an alien to enter the United States. Defines terrorist organization for purposes of such Act. Amends the Foreign Agents Registration Act of 1938 to: (1) define terrorist organization for purposes of such Act; (2) direct the Attorney General to investigate the activities of any person registered under such Act as an agent of a terrorist organization; and (3) make such an agent who knowingly receives funds from such an organization criminally liable.
United States · United States Congress · 21 June 1978
Declares it the sense of Congress that the President should direct the Ambassador to the United Nations to use all means at his disposal to obtain action by the General Assembly removing the observer status of the Palestine Liberation Organization at the United Nations.
United States · United States Congress · 21 June 1978
Expresses Congressional objections to proposed Department of Energy amendments which would increase entitlements paid to refiners of foreign crude oil by domestic refiners on the basis that such amendments are premature and unjust, and are being proposed in a manner which does not give Congress an opportunity to approve or disapprove them.
United States · United States Congress · 14 June 1978
Requests the President to (1) instruct the Department of State to report to Congress on the violations of human rights in Cambodia, (2) instruct the International Communications Agency to disseminate such information, and (3) instruct the Ambassador to the United Nations to introduce a resolution in the General Assembly condemning these atrocities.
United States · United States Congress · 13 June 1978
Expresses the sense of the House that the exchange of the Panama Canal Treaty instruments of ratification should not occur earlier than March 31, 1979, unless implementing legislation has been enacted prior to such exchange. Requires specific Congressional authorization by an Act of Congress prior to any conveyance, relinquishment, or disposition of U.S. property in the Panama Canal Zone to any foreign government.
United States · United States Congress · 8 June 1978
Amends the Securities Act of 1933 to require issuers of securities to report only material information to offerees with respect to transactions not involving a public offering. Limits the rulemaking power of the Securities and Exchange Commission in order to prevent the disqualification of certain affiliates of issuers and sellers of restricted securities from the exemption from registration requirements allowed for persons not engaged in the distribution of securities. Exempts a security seller who makes a good faith attempt not to involve any public offering in a transaction from liability to a purchaser. Increases the small offering exemption from $500,000 to $3,000,000. Exempts small business investment companies licensed under the Small Business Investment Act of 1958 from the terms of the Investment Company Act of 1940.
United States · United States Congress · 1 June 1978
Amateur Sports Act - Title I: Declaration of Policy - Makes findings and states that the policy of Congress is to promote amateur athletics and protect the right of amateur athletes to participate in athletic competition. Title II: Olympic Committee Reorganization - Amends the corporate charter of the Olympic Committee to (1) provide for a principal place of business of the United States Olympic Committee (Corporation); (2) set forth the objectives and purposes of the Corporation; (3) set forth the powers of the Corporation; (4) provide reasonable representation for specified individuals and organizations in establishing and maintaining provisions for the governance and conduct of its affairs; and (5) subject to civil liability any person who uses an Olympic designation without authority to promote a private financial interest. Permits contributors or suppliers of goods or services to use the name of the United States Olympic Committee or its designation to advertise that such goods or services have been furnished to, approved, or selected by the Corporation. Requires the Corporation to establish in its constitution and bylaws provisions for the resolution of disputes involving the opportunity of an amateur athlete or other specified individuals to participate in sanctioned athletic competitions. Authorizes the Corporation to recognize as a national governing body any amateur sports organization (but only one for each sport) which submits an application for recognition and complies with eligibility requirements. Sets forth such eligibility requirements. Sets forth the duties and powers of a national governing body and the requirements which an amateur sports organization must meet to hold an athletic competition or sponsor athletes in competition and be sanctioned by a national governing body. Grants to the Corporation the power of review over the actions of any national governing body and invests a United States district court with jurisdiction to enjoin any action of a national governing body inconsistent with the terms of the Corporate charter. Sets forth procedures for the Corporation in (1) processing a complaint against a national governing body by an individual athlete or an amateur sports organization; (2) revoking recognition of a national governing body; and (3) replacing an incumbent national governing body. Provides for arbitration of a determination of the Corporation. Authorizes the Secretary of Commerce to lend financial assistance to the Corporation in developing amateur athletics in the United States. Authorizes appropriations for carrying out the work of the national governing bodies. Directs the Secretary to conduct a feasibility study to determine the most appropriate means of providing funding to the Corporation for the construction and operation of training centers and sports medicine research facilities.
United States · United States Congress · 31 May 1978
Solar Power Satellite Research, Development, and Demonstration Program Act - Directs the Secretary of Energy and the Administrator of the National Aeronautics and Space Administration to initiate a Solar Power Satellite Research, Development, and Demonstration Program to study technical problems regarding the viability of the solar power satellite concept. Requires the Secretary, after consultation with the Administrator, to submit to the Congress, by January 3, 1979, a comprehensive plan to implement the Program.
United States · United States Congress · 31 May 1978
Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain.
United States · United States Congress · 31 May 1978
Authorizes the President of the United States to designate the week beginning on the Sunday preceding the fourth Thursday in November of each year as "National Family Week".
United States · United States Congress · 24 May 1978
Declares that: (1) the Department of the Treasury does not possess authority to retain on file, in excess of the minimum time necessary to complete a request for trace of a firearm, any of the information currently required by law to be reported at the time of purchase and recorded on Bureau of Alcohol, Tobacco, and Firearms Form 4473; (2) the Department has no authority to require submission of Form 4473 information except as presently permitted by law; and (3) the Department must seek explicit congressional authorization before proposing any rules or regulations for centralizing records required under existing Federal firearms laws.
United States · United States Congress · 19 May 1978
Tax Consistency Act - Amends the Internal Revenue Code to reduce corporate tax rates to 16 percent of the first $25,000 of taxable income and 18 percent of so much of the taxable income that exceeds $25,000. Reduces the surtax to 22 percent of the amount that exceeds the surtax exemption. Establishes a permanent $50,000 surtax exemption for all corporations except certain controlled corporations. Repeals the investment tax credit. Eliminates the tax exemption for (1) interest earned on industrial development bonds issued to governmental units and tax-exempt organizations; (2) interest on bonds issued for the construction of specified facilities and for industrial parks; and (3) interest earned on certain small issues of industrial development bonds. Eliminates the declining balance and sum of the years-digit methods of computing allowable depreciation expense. Limits deductions for such depreciation to amounts determined by a replacement cost straight line method, as formulated by this Act, or by any other consistent method which does not yield an amount which exceeds the total amount allowed under the replacement cost straight line method during the first two-thirds of the property's useful life. Repeals the allowance for deductions with respect to the amortization of any certified pollution control facility based on a period of 60 months. Repeals the allowance for deductions of intangible drilling and development costs for oil and gas wells. States that the last taxable year in which financial institutions may use the percentage method of computing additions to bad debt reserves shall be the taxable year beginning before 1979 instead of 1988 as is currently provided. Repeals the existing percentages allowed for depletion of mines, wells, and specified natural deposits, and the percentages allowed for oil and gas wells. Specifies those treatment processes for mineral deposits which are considered mining, and those which are not so considered, for the purposes of the percentage depletion allowance. Repeals special capital gains treatment of income from certain coal and iron ore operations. Repeals the allowance for special deductions for domestic corporations which do business in North, Central, or South America, or in the West Indies, and derive a certain percentage of their gross income from outside the United States. Repeals provisions allowing special tax treatment for Domestic International Sales Corporations (DISC). Repeals provisions of the Mercent Marine Act of 1936 which permit domestic shipping companies to exclude from gross income amounts deposited in the capital construction fund for the purpose of building new vessels. Establishes a tax credit for contributions to an employee stock ownership plan. Limits such credit to one half of one percent to the taxpayer's liability for the taxable year. Sets forth requirements for the establishment of such plans.
United States · United States Congress · 15 May 1978
Requires that, until further Congressional action is taken, the determination of whether an individual is an employee for purposes of social security taxation, unemployment taxation, and income tax withholding shall be made in accordance with audit practices and regulations in effect December 31, 1975.
United States · United States Congress · 15 May 1978
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 11 May 1978
Expresses Congressional objections to proposed Department of Energy amendments which would increase entitlements paid to refiners of foreign crude oil by domestic refiners on the basis that such amendments are premature and unjust, and are being proposed in a manner which does not give Congress an opportunity to approve or disapprove them.
United States · United States Congress · 10 May 1978
Agricultural Trade Act - Title I: Establishment of United States Agricultural Trade Offices - Amends the Agricultural Act of 1954 to add a new title authorizing the Secretary of Agriculture to establish abroad not less than 25 United States Agricultural Trade Offices to perform duties relating to foreign market development. Enumerates the functions of each Office, including: (1) to increase the effectiveness of agricultural export promotion; (2) to develop listings of commodity area contracts; and (3) to provide assistance for the export credit sales program and the export incentives program. Title II: Intermediate Commercial Credit - Amends the Commodity Credit Corporation Charter Act to finance, under its export credit sales program, export sales of agricultural commodities out of Commodity Credit Corporation and private stocks on credit terms in excess of three but not more than ten years. Exempts such sales from specified provisions of the Merchant Marine Act, 1936. Title III: Reorganization - Establishes in the Department of Agriculture: (1) an Assistant Secretary of Agriculture for Commodity Programs to perform agricultural stabilization and conservation functions; and (2) an Under Secretary of Agriculture for International Affairs to exercise functions related to foreign agriculture. Title IV: Agricultural Counselors - Amends the Agricultural Act of 1954 to redesignate agricultural attaches as agricultural counselors, and to require such counselors to submit annual reports to Congress on the agricultural situation in the area to which the counselor is assigned. Title V: Reporting Requirements for Sales of Agricultural Commodities - Amends the Agricultural Act of 1970 to require rapid reporting to the Secretary of Agriculture of large export sales. Title VI: General Provisions - Requires the Secretary of Agriculture: (1) to implement this Act as expeditiously as possible; and (2) to transmit annual reports to Congress on Department of Agriculture activities including those of Agricultural Trade Offices, in developing foreign markets for United States agricultural commodities.
United States · United States Congress · 9 May 1978
Toxic Substances Control Act Amendments - Title I: Toxic Substances Injury Assistance - Amends the Toxic Substances Control Act to authorize the Administrator of the Environmental Protection Agency to make grants to States for up to 75 percent of the amounts paid by such States in toxic substances injury assistance to qualified individuals and businesses. Stipulates that priority shall be given in granting assistance to actions principally involving polybrominated biphenyls. Imposes conditions upon applicants for assistance under this title. Authorizes the Administrator to make grants to States for the establishment and operation of medical programs designed to monitor adverse effects of chemical substances. Authorizes the Administrator to make payments to individuals for actual medical expenses incurred as a result of exposure to injurious chemical substances. Authorizes the appropriation of $50,000,000 for each of fiscal years 1977, 1978, and 1979, to the Administrator for grants and payments under this title. Title II: Authorization for Appropriations - Amends the Toxic Substances Control Act to increase the amounts authorized to be appropriated to the Administrator of the Environmental Protection Agency under such Act to $50,000,000 for fiscal year 1978 and $100,000,000 for fiscal year 1979.
United States · United States Congress · 9 May 1978
Amends the Rehabilitation Act of 1973 to provide that the term "handicapped individual" does not include any individual who is an alcoholic or drug abuser for purposes of provisions of such Act which require affirmative action programs for the handicapped by Federal contractors and which prohibit discrimination against the handicapped by entities receiving Federal financial assistance.
United States · United States Congress · 24 April 1978
Tax Consistency Act - Amends the Internal Revenue Code to reduce corporate tax rates to 16 percent of the first $25,000 of taxable income and 18 percent of so much of the taxable income that exceeds $25,000. Reduces the surtax to 22 percent of the amount that exceeds the surtax exemption. Establishes a permanent $50,000 surtax exemption for all corporations except certain controlled corporations. Repeals the investment tax credit. Repeals the provision excluding from gross income interest on the obligations of a State, a territory, or a possession of the United States, or their political subdivisions, or of the District of Columbia. Eliminates the declining balance and sum-of-the years-digit methods of computing allowable depreciation expense. Limits deductions for such depreciation to amounts determined by a replacement cost straight line method, as formulated by this Act, or by any other consistent method which does not yield an amount which exceeds the total amount allowed under the replacement cost straight line method during the first two-thirds of the property's useful life. Repeals the allowance for deductions with respect to the amortization of any certified pollution control facility based on a period of 60 months. Repeals the allowance for deductions of intangible drilling and development costs for oil and gas wells. States that the last taxable year in which financial institutions may use the percentage method of computing additions to bad debt reserves shall be the taxable year beginning before 1979 instead of 1988 as is currently provided. Repeals the existing percentages allowed for depletion of mines, wells, and specified natural deposits, and the percentages allowed for oil and gas wells. Specifies those treatment processes for mineral deposits which are considered mining, and those which are not so considered, for the purposes of the percentage depletion allowance. Repeals special capital gains treatment of income from certain timber, coal, or iron ore operations. Repeals the allowance for special deductions for domestic corporations which do business in North, Central, or South America, or in the West Indies, and derive a certain percentage of their gross income from outside the United States. Repeals provisions allowing special tax treatment for Domestic International Sales Corporations (DISC). Repeals provisions of the Merchant Marine Act of 1936 which permit domestic shipping companies to exclude from gross income amounts deposited in the capital construction fund for the purpose of building new vessels. Establishes a tax credit for contributions to an employee stock ownership plan. Limits such credit to one half of one percent of the taxpayer's liability for the taxable year. Sets forth requirements for the establishment of such plans.
![Official portrait of Rep. Stockman, David A. [R-MI-4]](https://www.congress.gov/img/member/s000935_200.jpg)