United States · United States Congress · 17 July 1975
Authorizes the Washington Metropolitan Area Transit Authority to establish and maintain a regular police force to provide protection for patrons, personnel, and transit facilities. States that the jurisdiction of the Metro Transit Police shall be limited to all the transit facilities owned, controlled, or operated by the Authority. Provides that a member of the Metro Transit Police shall have the same powers, including the power to arrest, and shall be subject to the same limitations, including regulatory limitations, in the performance of his duties as a member of the duly constituted police force of the political subdivision in which the Metro Transit Police member is engaged in the performance of his duties. Grants the Authority power to adopt rules and regulations for the safe, convenient, and orderly use of the transit facilities owned, controlled, or operated by the Authority, including the payment and the manner of the payment of fares or charges therefor, the protection of the transit facilities, the control of traffic and parking upon the transit facilities, and the safety and protection of the riding public. States that the Superior Court has jurisdiction with respect to any violation committed in the District of Columbia of the rules and regulations of the Washington Metropolitan Area Transit Authority.
United States · United States Congress · 14 July 1975
Provides that if the Postal Service and a supervisory organization, recognized by the Postal Service under this Act, representing a majority of supervisors are unable to agree, within 60 days after the organization submits a written notice to the Postal Service, upon a program for consultation or a plan to participate directly in the planning and development of pay policies and schedules, fringe benefit programs, and other programs relating to supervisory employees, either party shall have the right to refer the matter to an arbitration board established under the provisions of this Act. Provides that if the Postal Service and a supervisory organization recognized by the Postal Service under this Act as representing the majority of supervisors are unable to agree with respect to pay policies and schedules, fringe benefit programs, and other programs related to supervisory employees, which affect all or a substantial portion of supervisory personnel on a long- term or permanent basis, after participating directly in the planning and development thereof, either party, upon a 30-day written notice, may refer the dispute to an arbitration board established under the provisions of this Act. Provides for the establishing of an arbitration board to consider specified disputes. Sets forth hearing requirements to be met by such board. Provides that the decisions of the arbitration board shall be conclusive and binding upon the parties.
United States · United States Congress · 11 July 1975
Disapproves the loan of three landing craft (LCM-8's) to Panama, as proposed by the letter from the Department of the Navy of May 5, 1975, to the Committee on Armed Services of the House of Representatives.
United States · United States Congress · 26 June 1975
Broadcast License Renewal Act - Permits the Federal Communications Commission to extend three-year broadcast licenses for an additional two years upon a finding of public interest. Requires in making such determination, considerations of whether different term lengths for radio and television stations and for different categories of licensees are in the public interest. Limits other class licenses to a five-year maximum, prescribing the renewal procedures for such licenses and the criteria to be considered in renewal, including responsiveness and lack of serious deficiencies. Sets guidelines for expeditious action on applications for renewal of broadcasting station licenses by limiting material required to be filed. Requires the Commission to examine the renewal process and report within six months on methods of reducing and consolidating filings and supporting documents.
United States · United States Congress · 23 June 1975
National Food Stamp Reform Act - Defines the term "income" as used in the Food Stamp Act as the monthly gross income of all members of a household, including any in-kind payment, and the total value of any publicly funded assistance payments which supplement food and housing needs. Excludes specified individuals from the definition of "household. Provides for the distribution of federally donated foods to households upon the request by a political subdivision that such distribution be made to all eligible households in lieu of food stamps. Excludes households from eligibility for food stamps: (1) if the monthly household income exceeds the poverty index level of income established by the Office of Management and Budget; or (2) if the market value of liquid and nonliquid resources of a household consisting of one individual exceeds $1,500 or the resources of a multiple member household exceed $2,250 exclusive of specified resources. Excludes from eligibility households which include an able-bodied adult between the ages of 18 and 65 who is enrolled in an institution of postsecondary education and such enrollment is a substitute for fulltime employment. Declares that a refusal to work at a plant or site because of a strike or other labor dispute shall be deemed a refusal to work which makes the household of the nonworking individual ineligible for food stamps. Rejects as an excuse for refusal to accept work a condition of employment which requires an individual to join, resign from, or refrain from joining any labor organization. Directs the Secretary of Agriculture to require each household receiving benefits under this Act to report its income at least once each month. Requires food coupons to be designed with a space for the recipient to sign upon receipt and again at redemption. Requires one member of each eligible household to be issued a photo-identification card with a color photograph of the recipient. States that such card must be presented at redemption at a food store. Sets forth specific instructions to provide control and accountability over the distribution of food coupons to State agencies. Ties the value of the coupon allotment to the overall retail cost-of-living index. States that the "nutritionally adequate diet" as used to determine the amount of the coupon allotment shall mean the low-cost food plan developed by the Agricultural Research Service of the Department of Agriculture. Establishes as the charge a household shall pay for its coupon allotment the lesser of: (1) the percentage of its income which would be expended for food by an average household of its size and income range in the same region of the country; or (2) 30 percent. Provides, under the requirements for State plans for the administration of the food stamp program, for closer State supervision of eligibility by households. Requires the State agencies administering the program to conduct nutrition education programs for recipients. States that the United States Postal Service shall serve as a food stamp issuing agency upon the request of a State food stamp administration agency. Directs the Secretary of Agriculture to pay the States 100 percent of the costs of providing food stamps to eligible aliens, and 75 percent of the costs of State investigations, prosecutions, collections of claims and other State activities related to retrieving food stamp losses. Provides for payment by the Federal Government to the States of a share of the difference between the face value of the coupon allotment and the amount charged eligible households for the allotment. Sets forth the method of determining and paying the Federal share. Directs the transfer of all functions of the Secretary of Agriculture under the Food Stamp Act to the Secretary of Health, Education, and Welfare.
United States · United States Congress · 17 June 1975
Administrative Rulemaking Control Act - States that it is the purpose of this Act to establish a procedure whereby Congress may review certain rulemaking activities of executive agencies, thereby exercising greater control and oversight over the operations of such agencies. Provides that an administrative rule, the violation of which subjects an individual to a criminal penalty, shall take effect only: (1) if published in the Federal Register; (2) after the expiration of 30 days of continuous session of Congress after the date on which the rule was published; and (3) if neither House of Congress passes a resolution disfavoring such a rule. Sets forth procedures governing the consideration of such rules by the Congress.
United States · United States Congress · 6 June 1975
Authorizes an additional appropriation of $211,000,000 for the Washington Metropolitan Area Transit System. Provides that payments to such transit system shall not constitute Federal contributions for purposes of the National Capital Transportation Act of 1969.
United States · United States Congress · 4 June 1975
Defines the term "navigable waters", for purposes of the Federal Water Pollution Control Act, as it applies to Corps of Engineers responsibility and authority to regulate the discharge of dredged or fill material.
United States · United States Congress · 6 May 1975
Authorizes the Secretary of Agriculture to permit the owner and operator of any farm for which a tobacco acreage allotment is established to lease all or any part of such allotment or quota to any other owner or operator of a farm in the same county for use in such county.
United States · United States Congress · 6 May 1975
Prohibits, except as provided in this Act, the inspection of tax returns and the disclosure of information contained in such returns. Authorizes the inspection of returns by or disclosure to (1) the taxpayer or his representative; (2) employees of the Internal Revenue Service and Department of Justice solely for purposes of enforcement of the tax laws; (3) State agencies charged with administration of the tax laws only for that purpose; (4) the President of the United States in the performance of his official duties; and (5) the Joint Committee on Internal Revenue Taxation for statistical purposes only. Increases the criminal penalties for unauthorized disclosure or receipt of information under this Act.
United States · United States Congress · 25 March 1975
Permits the Superior Court of the District of Columbia to appoint a commission to determine the issue of compensation arising out of land condemnation proceedings. Requires the appointment of such a commission where a substantial possibility exists that the final award of compensation will exceed $100,000.
United States · United States Congress · 20 March 1975
Taxpayer Audit Disclosure Act - Requires the establishment of formal procedures and criteria for the selection of individual income tax returns for audit. Directs the Secretary of the Treasury or his delegate to provide any individual selected for auditing with a written notice which clearly specifies the reasons for and manner in which the return of such individual was selected for audit. Provides that the Secretary or his delegate shall furnish to such individual a written explanation which describes the audit procedure, the rights which a taxpayer may exercise during such procedure, the right of the taxpayer to make an administrative or judicial appeal from an adverse decision at the end of such procedure, and the right of the taxpayer to claim a refund. Requires the Secretary of the Treasury or his delegate to submit to the Joint Committee on Internal Revenue Taxation before September 30 of each year a report setting forth: (1) the number of individuals whose returns were selected for audit during the previous 12-month period; (2) a classification of individuals whose returns were audited during the previous 12-month period by, among other factors, income levels, geographic distribution, and profession; (3) the number of individuals audited during the previous 12-month period who were found to have made underpayments or overpayments of tax, together with summary statistics reflecting the percentage of such number, by income category, who made underpayments or overpayments of certain ranges of amounts (to be determined by the Secretary or his delegate); and (4) such other information as may be requested by the joint committee in accordance with the purposes of this Act.
United States · United States Congress · 12 March 1975
Declares it to be the sense of the House of Representatives that: (1) the Government of the United States should maintain and protect its sovereign rights and jurisdiction over the canal and zone, and should in no way cede, dilute, forfeit, negotiate, or transfer any of these sovereign rights, power, authority, jurisdiction, territory, or property that are indispensably necessary for the protection and security of the United States and the entire Western Hemisphere; (2) that there be no relinquishment or surrender of any presently vested United States sovereign right, power, or authority or property, tangible or intangible, except by treaty authorized by the Congress and duly ratified by the United States; and (3) that there be no recession to Panama, or other divestiture of any United States-owned property, tangible or intangible, without prior authorization by the Congress (House and Senate), as provided in article IV, section 3, clause 2 of the United States Constitution.
United States · United States Congress · 10 March 1975
Natural Gas Agricultural Priority Act - Provides, under the Natural Gas Act, a priority system for specified agricultural uses of natural gas. Directs the Federal Power Commission to prohibit any interruption or curtailment of natural gas and to take such other steps as are necessary to assure as soon as possible the availability in interstate commerce of sufficient quantities of natural gas for use as a raw material feedstock or process fuel in the production of fertilizer, animal feed grade chemicals, essential agricultural chemicals, and for use in agricultural crop drying. Defines "sufficient quantities of natural gas" for purposes of this Act. Provides that the rule implemented by the Commission shall also apply with respect to the availability of natural gas sold in intrastate commerce in any State which has not, within ninety days, adopted a rule to implement the purposes of the first provision of this Act. Directs the Commission to, by rule, prohibit boiler fuel use of natural gas in interstate and intrastate commerce not contracted for prior to the date of enactment of this Act by users other than residential or small commercial users unless, upon petition by a user, the Commission determines that enumerated criteria are met.
United States · United States Congress · 6 March 1975
Directs the Securities Exchange Commission to appoint a National Market Board to advise the Commission on the development of a national market system for the clearance and settlement of securities in order to preserve and strengthen capital markets. Specifies the composition of the Board and the manner of adoption of procedural rules of the Board for the centralization of the governance of any national market system. Provides that such rules shall be subject to the approval of the Commission. Authorizes to be appropriated $300,000 to carry out this Act.
United States · United States Congress · 5 March 1975
Natural Gas Agricultural Priority Act - Provides, under the Natural Gas Act, a priority system for specified agricultural uses of natural gas. Directs the Federal Power Commission to prohibit any interruption or curtailment of natural gas and to take such other steps as are necessary to assure as soon as possible the availability in interstate commerce of sufficient quantities of natural gas for use as a raw material feedstock or process fuel in the production of fertilizer, animal feed grade chemicals, essential agricultural chemicals, and for use in agricultural crop drying. Defines "sufficient quantities of natural gas" for purposes of this Act. Provides that the rule implemented by the Commission shall also apply with respect to the availability of natural gas sold in intrastate commerce in any State which has not, within ninety days, adopted a rule to implement the purposes of the first provision of this Act. Directs the Commission to, by rule, prohibit boiler fuel use of natural gas in interstate and intrastate commerce not contracted for prior to the date of enactment of this Act by users other than residential or small commercial users unless, upon petition by a user, the Commission determines that enumerated criteria are met.
United States · United States Congress · 4 March 1975
Provides that any grant funds under the Federal Water Pollution Control Act which were withheld from allotment by Presidential direction for fiscal years 1973, 1974, and 1975 shall be alloted among the States by the Administrator of the Environmental Protection Agency in accordance with a specified formula. Revises the distribution of such allotments to the States for fiscal years beginning with 1976.
United States · United States Congress · 3 March 1975
Securities Reform Act -Title I: Regulation of Exchanges and Associations - Includes within the term "member," for purposes of the Act, any person who agrees to be regulated by an exchange and with respect to whom the exchange undertakes to enforce the Federal securities laws and the exchange rules. Makes registered national securities exchanges and associations subject to identical regulatory provisions. States that any registered broker or dealer meeting applicable capital or competency requirements must be allowed to join any registered national securities exchange. Requires the governing body of every such exchange to contain public representatives, and requires the exchange to provide adequate resources to permit the public representatives to employ staff or retain professional personnel independent of the exchange staff. Prohibits registered national securities exchanges from imposing any schedule of prices or fixing rates of commissions, allowances, discounts, or other charges subject to a statutory timetable for the elimination of the current fixed minimum commission rate system. Gives persons denied membership on an exchange the right to seek review of such denial by the SEC and the courts. Permits members disciplined by an exchange to appeal such action to the SEC and to the courts. Provides that any proposed change in exchange rules must be filed with the SEC, which must publish such proposed change and allow interested persons a reasonable opportunity for comment thereon. States that the proposed change shall take effect forty-five days after publication by the SEC unless the SEC disapproves it. Allows registered national securities exchanges, with the concurrence of the SEC, to share the cost, functions and responsibility of the conduct of examinations and inspections of members, and to furnish copies of any reports of inspections or examinations to each other. Establishes new procedures to be followed by the Commission in compelling exchanges and registered associations to change their rules, and in regulating off-floor trading by exchange members. Gives the SEC the authority to suspend or expel exchange members who have violated exchange rules. Prohibits national securities exchanges and national securities associations from preventing their members from executing transactions for customers in other markets whenever those markets offer a better price to such customers. Requires the SEC to adopt rules to assure that customers are getting the best price from their brokers. Prohibits national securities exchanges and national securities associations from preventing its members from participating in any registered clearing agency or securities depository. Gives the SEC authority to investigate and bring injunctive actions for violations of National Association of Securities Distributors rules and exchange rules, and to bring injunctive actions to compel a registered national securities exchange or association to enforce compliance with the rules of such exchange or association. Title II: Financial Responsibility; Regulation of Brokers Dealers; Reports and Examinations - Broadens existing prohibitions on improper hypothecation of securities by brokers, dealers and members to embrace improper lending of such securities. Requires all members of a registered national securities exchange to register with the SEC. Requires persons registering as broker-dealers to file certified financial statements with their application (rather than verified statements). Requires that, within six months of the granting of an application for registration, the Commission, or an exchange, or the NASD as designated by the Commission, shall examine the new broker-dealer to determine whether it is operating in conformity with the Federal securities laws. Adds armed robbery and grand larceny to the list of statutory offenses which bar a person from becoming a broker-dealer. Requires the Commission, in cooperation with the exchanges and the NASD, to devise and administer a uniform examination which, with respect to partners, officers, and supervisory employees shall include questions relating to enumerated matters. Directs the SEC, by no later than July 1, 1975, to establish minimum capital requirements, providing for ample, liquid and permanent capital for brokers, dealers and members. Authorizes the Commission to classify brokers, dealers and members for purposes of establishing such requirements. Requires registered national securities exchanges to furnish copies of documents to the SEC upon request. Requires registered brokers, dealers and members to supply their customers with certified comparative balance sheets and income statements. Authorizes the Commission to adopt rules regulating the reporting of transactions and to prescribe uniformity in accounting procedures and systems of brokers and dealers and members. Title III: Development of a National Clearance and Settlement System - Authorizes the Commission to make rules applicable to brokers or dealers regulating the time and method of making settlements, payments and deliveries and closing of accounts. Provides that, in the exercise of this rulemaking authority, the Commission shall not affect the authority of the Board of Governors of the Federal Reserve System to regulate securities credit. Requires clearing agencies, securities depositories and transfer agents to register with the SEC, and establishes appropriate procedures. Sets forth procedures under which the Commission must grant or deny application for registration of clearing agencies and securities depositories. Authorizes the Commission to establish terms and conditions under which a clearing agency, securities depository or transfer agent may withdraw from registration. Gives the SEC direct rulemaking power over clearing agencies, securities depositories and transfer agents. Empowers the SEC to review clearing agency or securities depository action in the areas of disciplinary action or denial of admission to a participant. Grants the Commission disciplinary powers with respect to clearing agencies, securities depositories and transfer agents. Directs the SEC, on or before December 31, 1976, to take appropriate steps to eliminate the use of the stock certificate as a means of settlement of securities transactions between brokers and dealers. Authorizes the Commission to grant confidential treatment to material filed with it only under very limited conditions, including a finding that disclosure is not in the public interest. Empowers the Commission to prescribe rules with respect to the form or format of securities issued by companies, any class of whose securities is registered under the Act, or which would be required to be so registered except for the exemption from registration provided for securities of registered investment companies or insurance companies under certain conditions. Directs every issuer whose securities are registered on a national securities exchange to consolidate in a single person the functions of transfer agent and registrar. Directs the Securities and Exchange Commission to conduct a study to consider the public policy implications of the growing practice of registering securities in "street name" and to determine whether steps can be taken to facilitate communications between corporations and their shareholders while, at the same time, retaining benefits of such registration. Prohibits the imposition of state or local taxes on securities, or on the transfer of securities, solely because the facilities of a registered clearing agency or securities depository are physically located in the taxing jurisdiction. Requires registered national securities exchanges, associations, brokers, dealers, clearing agencies and securities depositories to: (1) report information about missing, lost or stolen securities to the SEC or such person as the SEC designates; and (2) require the fingerprinting of partners, directors, officers, and employees and the submittal of such fingerprints to the Attorney General of the United States for identification and appropriate processing. Title IV: Miscellaneous - Requires the SEC to include in its annual report to Congress certain designated information concerning the Commission's administration of the Freedom of Information Act. Raises the amount of the registration fee every national securities exchange must pay to the SEC from 1/500th of one percent to 1/100th of one percent of the dollar amount of sales of securities (other than certain governmental obligations) transacted on that exchange. Title V: Development of a National Securities Market System - Directs the Commission to establish a national market system for transactions in securities. Directs the Commission to make a study of the need for the establishment of a national regulatory body to administer the national market system, and to report its results to the Congress by December 31, 1976. Authorizes to be appropriated $300,000 for each study.
United States · United States Congress · 27 February 1975
Provides, under the Internal Revenue Code, that real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower evaluation and recapture of unpaid taxes with interest upon the conversion, rezoning, or removal of such land from the National Register of Historic Places.
United States · United States Congress · 10 February 1975
Provides that the total contribution of the United States to the United Nations for any calendar year after 1975 shall not exceed an amount which bears the same ratio to the United Nations budget as the total population of the United States bears to the total population of the United Nations member states.
United States · United States Congress · 6 February 1975
Authorizes the Secretary of the Interior to acquire the lands, waters and interests to forty-eight-mile segment of the Chattahoochee River in Georgia. Provides that such area be set aside to establish the Chattahoochee River National Recreation Area. Directs the Secretary to allow owners of land, within the recreation area, used for noncommercial residential or agricultural purposes to retain such land for a definite term not to exceed twenty-five years. Directs the Secretary of administer, protest, and develop the recreation area in accordance with the Atlanta Regional Commission Chattahoochee Corridor Study. Allows the Secretary to enter into written agreements with agencies of the State of Georgia for their participation in the administration and development of the recreation area.
United States · United States Congress · 30 January 1975
Directs the Securities and Exchange Commission to establish a National Securities Market System for the centrolization of information with respect to all transactions qualified for trading in the National Market System. States that the Commission shall appoint a Board of 15 members who shall be reasonably representative of: (1) national securities exchanges and associations; (2) the likely classes of participants in the System; (3) investors; (4) the public; and (5) such other persons as the Commission may deem appropriate. Provides that the rules of the Board shall establish criteria for (1) determining the eligibility of securities to be traded within the System; and (2) governing and regulating a consolidated transactional reporting system and a composite quotation system.
United States · United States Congress · 14 January 1975
Authorizes the voluntary withholding of Maryland, Virginia, and District of Columbia income taxes, pursuant to agreements subject to review by the Committee on House Administration of the House of Representatives, in the case of employees and members of the House of Representatives, and those employees under the jurisdiction of the Architect of the Capitol or the United States Botanical Garden.
United States · United States Congress · 14 January 1975
Securities Reform Act - Title I: Selection and Administration of the Commission - Provides that any commissioner of the Securities and Exchange Commission may be removed by the President for neglect of duty or misfeasance in office, but for no other cause. Sets forth procedures for the appointment of a Commission chairman. Authorizes the Commission to conduct its own civil litigation. Requires the Commission to submit any budget request to the Congress concurrently with transmittal to the Office of Management and Budget. Provides that when the Commission transmits any legislative recommendations, testimony, or comment on legislation to the Executive, it shall concurrently transmit a copy to the Congress. Title II: Regulation of Exchanges and Associations - Includes within the term "member," for purposes of the Act, any person who agrees to be regulated by an exchange and with respect to whom the exchange undertakes to enforce the federal securities laws and the exchange rules. Makes registered national securities exchanges and associations subject to identical regulatory provisions. States that any registered broker or dealer meeting applicable capital or competency requirements must be allowed to join any registered national securities exchange. Requires at least half of the governing body of every such exchange to be composed of "public representatives," and requires the exchange to provide adequate resources to permit the public representatives to employ staff or retain professional personnel independent of the exchange staff. Prohibits registered national securities exchanges from imposing any schedule of prices or fixing rates of commissions, allowances, discounts, or other charges subject to a statutory timetalbe for the elimination of the current fixed minimum commission rate system. Gives persons denied membership on an exchange the right to seek review of such denial by the SEC and the courts. Permits members disciplined by an exchange to appeal such action to the SEC and to the courts. Provides that any proposed change in exchange rules must be filed with the SEC, which must publish such proposed change and allow interested persons a reasonable opportunity for comment thereon. States that the proposed change shall take effect sixty days after publication by the SEC unless the SEC disapproves it. Allows registered national securities exchanges, with the concurrence of the SEC, to share the cost, functions and responsibility of the conduct of examinations and inspections of members, and to furnish copies of any reports of inspections or examinations to each other. Establishes new procedures to be followed by the Commission in compelling exchanges and registered associations to change their rules, and in regulating off-floor trading by exchange members. Gives the SEC the authority to suspend or expel exchange members who have violated exchange rules. Prohibits national securities exchanges and national securities associations from preventing their members from executions transactions for customers in other markets whenever those markets offer a better price to such customers. Requires the SEC to adopt rules to assure that customers are getting best price from their brokers. Prohibits national securities exchanges and national securities associations from preventing its members from participating in any registered clearing agency or securities depository. Gives the SEC authority to investigate and bring injunctive actions for violations of National Association of Securities Distributors rules and exchange rules, and to bring injunctive actions to compel a registered national securities exchange or association to enforce compliance with the rules of such exchange or association. Title III: Financial Responsibility; Regulation of Brokers Dealers; Reports and Examinations - Broadens existing prohibitions on improper hypothecation of securities by brokers, dealers and members to embrace improper lending of such securities. Requires all members of a registered national securities exchange to register with the SEC. Requires persons registering as broker-dealers to file certified financial statements with their application (rather than verified statements). Requirs that, within six months of the granting of an application for registration, the Commission, or an exchange or the NASD as designated by the Commission, examine the new broker-dealer to determine whether it is operating in conformity with the federal securities laws. Adds armed robbery and grand larceny to the list of statutory offenses which bar a person from becoming a broker-dealer. Requires the Commission, in cooperation with the exchanges and the NASD, to devise and administer a uniform examination which, with respect to partners, officers, and supervisory employees shall include questions relating to enumerated matters. Directs the SEC, by no later than July 1, 1975, to establish minimum capital requirements, providing for ample, liquid and permanent capital for brokers, dealers and members. Authorizes the Commission to classify brokers, dealers and members for purposes of establishing such requirements. Requires registered national securities exchanges to furnish copies of documents to the SEC upon request. Requires registered brokers, dealers and members to supply their customers with certified comparative balance sheets and income statements. Authorizes the Commission to adopt rules regulating the reporting of transactions and to prescribe uniformity in accounting procedures and systems of brokers and dealers and members. Title IV: Development of a National Clearance and Settlement System - Authorizes the Commission to make rules applicable to brokers or dealers regulating the time and method of making settlements, payments and deliveries and closing of accounts. Provides that, in the exercise of this rulemaking authority, the Commission shall not affect the authority of the Board of Governors of the Federal Reserve System to regulate securities credit. Requires clearing agencies, securities depositories and transfer agents to register with the SEC, and establishes appropriate procedures. Sets forth procedures under which the Commission must grant or deny application for registration of clearing agencies and securities depositories. Authorizes the Commission to establish terms and conditions under which a clearing agency, securities depository or transfer agent may withdraw from registration. Gives the SEC direct rulemaking power over clearing agencies, securities depositories and transfer agents. Empowers the SEC to review clearing agency or securities depository action in the areas of disciplinary action or denial of admission to a participant. Grants the Commission disciplinary powers with respect to clearing agencies, securities depositories and transfer agents. Directs the SEC to, on or before December 31, 1976, to take appropriate steps to eliminate the use of the stock certificate as a means of settlement of securities transactions between brokers and dealers. Authorizes the Commission to grant confidential treatment to material filed with it only under very limited conditions, including a finding that disclosure is not in the public interest. Empowers the Commission to prescribe rules with respect to the form or format of securities issued by companies, any class of whose securities is registered under the Act, or which would be required to be so registered except for the exemption from registration provided for securities of registered investment companies or insurance companies under certain conditions. Directs every issuer whose securities are registered on a national securities exchange to consolidate in a single person the functions of transfer agent and registrar. Directs the Securities and Exchange Commission to conduct a study to consider the public policy implications of the growing practice of registering securities in "street name" and to determine whether steps can be taken to facilitate communications between corporations and their shareholders while, at the same time, retaining benefits of such registration. Prohibits the imposition of state or local taxes on securities, or on the transfer of securities, solely because the facilities of a registered clearing agency or securities depository are physically located in the taxing jurisdiction. Requires registered national securities exchanges, associations, brokers, dealers, clearing agencies and securities depositories to: (1) report information about missing, lost or stolen securities to the SEC or such person as the SEC designates; and (2) require the fingerprinting of partners, directors, officers, and employees and the submittal of such fingerprints to the Attorney General of the United States for identification and appropriate processing. Title V: Miscellaneous - Requires the SEC to include in its annual report to Congress certain designated information concerning the Commission's administration of the Freedom of Information Act. Raises the amount of the registration fee every national securities exchange must pay to the SEC from 1/500th of one percent to 1/100th of one percent of the dollar amount of sales of securities (other than certain Governmental obligations) transacted on that exchange. Requires the SEC to order the registration of an investment adviser effective (rather than, as presently, allowing such registration to take effect by the passage of time). Title VI: Development of a National Securities Market System - Directs the Commission to establish a national market system for transactions in securities. Directs the Commission to make a study of the need for the establishment of a national regulatory body to administer the national market system, and to report its results to the Congress by December 31, 1976. Authorizes to be appropriated $300,000 for such study.
United States · United States Congress · 8 October 1974
Expresses the sense of the House that efforts of the Department of Health, Education, and Welfare to promote the desegregation of public schools should be applied with the same intensity, standards, and sanctions in every region of the United States.
United States · United States Congress · 22 August 1974
Expresses the findings of Congress, including that Federal information reporting requirements have placed an unprecedented paperwork burden upon private citizens, recipients of Federal assistance, businesses, governmental contractors, and State and local governments. Establishes a Commission on Federal Paperwork to study procedures and practices of the Federal Government relating to information gathering, dissemination, and the management and control of information activities. Enumerates the areas to be considered by the Commission in its studies. Directs the Commission to make a final report to the Congress and the President within two years of the date of its first meeting. Sets forth the membership composition of the Commission and their compensation. Details the administrative powers of the Commission. Calls for cooperation between Federal agencies and the Commission. Authorizes to be appropriated to the Commission such sums as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 19 August 1974
Expresses the sense of the House of Representatives that: (1) all military, economic, or other assistance, all sales of defense articles and services, all sales of agricultural commodities and services, and all licenses with respect to the transportation of arms, ammunitions, and implements of war (including technical data relating thereto) to the Government of Turkey should be suspended on the date of adoption of this resolution; and (2) the provisions of this resolution should cease to apply when the President reports to the Congress that the Government of Turkey has withdrawn all of its armed forces from Cyprus.
United States · United States Congress · 15 August 1974
Revises the Employment Act of 1946 to make the promotion of price stability a recognized factor in the formulation of national economic policy, along with the promotion of employment, production, and purchasing power.
United States · United States Congress · 9 August 1974
Expresses the sense of Congress that Richard M. Nixon should not be prosecuted for any offense, whether State or Federal, allegedly committed while he was in office as President of the United States.
United States · United States Congress · 6 August 1974
Directs the Clerk of the House of Representatives, the Sergeant at Arms of the House of Representatives, the Architect of the Capitol, and the Librarian of Congress (with respect to the employees of the United States Botanic Garden) to enter into agreements with Maryland, Virginia, and the District of Columbia for the withholding of State or District of Columbia income tax in the case of each Member and employee who is subject to such income tax and who voluntarily agrees to such withholding. States that such agreement shall be subject to review by the Committee on House Administration of the House of Representatives.
United States · United States Congress · 1 August 1974
States the findings of Congress, including that: (1) our country's capital markets are an important national asset; and (2) to preserve and strengthen our capital markets, a National Securities Market System, linking together our country's market centers, wherever located, should be established. Directs the Securities and Exchange Commission to establish a National Market System for trading in securities. States that such a system shall include, at a minimum, a transactional reporting system for reporting all transactions in securities qualified for trading in the System and a composite quotation system for reporting bid and offered quotations for all securities qualified for trading in the System. Authorizes the Commission to appoint a National Market Board to regulate a National Securities Market System. Stipulates that the Commission shall have authority to promulgate such rules applicable to participants in a National Market System as it determines to be necessary or appropriate to protect investors and to assure the maintenance of fair and orderly markets in securities and shall have authority to promulgate such rules applicable to the Board, national securities exchanges, national securities associations, participants in a System or brokers or dealers as the Commission determines to be necessary or appropriate to assure fair and equitable treatment of participants in the System and to coordinate functions among various markets comprising the System.
United States · United States Congress · 3 July 1974
National Huntington's Disease Control Act - States that it is the purpose of this Act to establish a national program for the diagnosis, prevention, and treatment of, and research in, Huntington's disease. Authorizes the Secretary of Health, Education, and Welfare to make grants for projects for the establishment and operation of Huntington's disease screening, treatment, and counseling programs. Authorizes the appropriation of $500,000 for the fiscal year ending June 30, 1975, and for each each of the next two fiscal years for such grants. Authorizes the Secretary to make grants for research in the diagnosis, treatment, and prevention of Huntington's disease. Authorizes the appropriation of $1,500,000 for the fiscal year ending June 30, 1975 and for each of the next two fiscal years for use for such grants. Directs the Secretary to carry out a program to develop information and educational materials relating to Huntington's disease and to disseminate such information and materials to persons providing health care and to the public in general. Authorizes the appropriation of $25,000 for the fiscal year ending June 30, 1975, and for each of the next two fiscal years to carry out this information program. Sets forth the requirements for applications for grants under this Act and the administration of such grants. Directs the Secretary to establish a program within the Public Health Service to provide for voluntary Huntington's disease screening, counseling, and treatment.
United States · United States Congress · 2 July 1974
Declares it to be the purpose of this Act to provide for the protection of abused and neglected children in the District of Columbia. Title I: Child Abuse Prevention - Establishes as an independent agency of the government of the District of Columbia a Center for the Prevention of Child Abuse, headed by a Director appointed by the Commissioner of the District of Columbia. Enumerates the duties of the Director, including to establish, as a part of the Center: (1) at least one multidisciplinary team of experts to investigate and treat cases of child abuse and neglect; (2) an officer or general counsel to provide legal counsel and research on the cases; and (3) a confidental, central registry of all cases of alleged child abuse or neglect, providing for the expunging and sealing of such reports under specified circumstances. Title II: Reporting Child Abuse or Neglect - Provides that any medical personnel and specified persons in child care in the District of Columbia, having reasonable cause to believe a child has had physical abuses inflicted by other than accidental means, or is neglected, shall report such injury or harm to a specially designated unit of the Metropolitan Police Force or to the Director. Sets forth the procedures for making such reports. Permits any person who has reason to believe a child is being abused to report the abuse, according to the provisions of this title. Imposes a $1,000 fine and 30-days imprisonment on persons failing to make a report as required by this Act. Defines the terms used in this Act. Title III: Amendments to the Judicial Procedure Concerning Child Custody - Provides that when a child is alleged to be abused or neglected, or when termination of parental rights is sought, the parent, guardian, or custodian of the child named in the petition is entitled to be represented by counsel at all critical stages of the Division proceedings. Provides that the Division shall appoint a guardian ad litem to represent the child in such proceedings. Provides for a hearing to be held, after a dispositional order vesting legal custody of a child adjudicated neglected or abused in a department, agency, or institution, at which the department, agency, or institution shall present all relevant information as to whether the parental rights should be terminated for the purposes of seeking an adoptive placement for the child. States that the court, in determining if the best interests of the child requires termination of parental rights, shall consider, among other factors: (1) the preservation of continuity of care and caretakers for the child; (2) the quality of the interaction and interrelationship of the child with his parent or parents, siblings, custodians, or other caretakers; (3) the child's own determination, to the extent feasible, of his own best interests in the matter; and (4) the mental and physical health of all individuals involved.
United States · United States Congress · 21 June 1974
Small Investors Act - Provides that, in the case of a taxpayer other than a corporation, gross income under the Internal Revenue Code does not include an amount representing the excess of the net long-term capital gain for the year over the net short-term capital loss from the sale or exchange of a security or securities, to the extent that such amount does not exceed $1,000. (Adds 26 U.S.C. 124)
United States · United States Congress · 13 June 1974
Provides an exemption from the minimum wage and overtime requirements of the Fair Labor Standards Act for full-time babysitters employed on a full-time basis in domestic service employment if such babysitter's employer has a gross income of less than $7,500, or if the employer and his spouse have a joint gross income of less than $15,000.
United States · United States Congress · 11 June 1974
Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.
United States · United States Congress · 5 June 1974
Provides that, under the Internal Revenue Code of 1954, real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower valuation and recapture of unpaid tax with interest under specified circumstances.
United States · United States Congress · 30 May 1974
Provides, under the Social Security Act, for the establishment and revision of Professional Standards Review Organization areas, such establishment and revision to take into account the recommendations of the doctors of medicine or osteopathy. States that the final determination in the establishment or revision of any Professional Standards Review Organization area shall be subject to review in a civil action commenced by any interested person. Directs the National Professional Standards Review Council to conduct a study for the purpose of evaluating whether, and under what conditions, organizations other than professional associations shall be allowed to perform review functions. Requires each Professional Standards Review Organization to assume responsibility for professional standards review of health care services furnished by or in institutions operated by the Public Health Service and the Veterans Administration in the area which it serves. Requires, in conjunction with such reviews, that procedures be developed whereby deficiencies shall be brought to the attention of administrators of the hospitals and other Federal institutions concerned. Calls for the consolidation of data and reports compiled under these provisions. Directs that criteria of health care shall be identified or developed by each Professional Standards Review Organization, giving due consideration to such criteria of care identified or developed by national medical specialty organizations. States that such criteria of care shall be used by the Professional Standards Review Organization as guides of care. Requires the National Professional Standards Review Council to provide for the distribution to each Professional Standards Review Organization, and to each other agency performing review functions, of appropriate materials indicating various guides being utilized in other geographical areas. Provides for the protection of the confidentiality of medical records compiled under this Act. Empowers the Secretary of Health, Education, and Welfare to enter into a contract with any State medical society or private nonprofit organization (including medical foundations) designated by a State medical society for the provision of necessary technical and other assistance in the creation and operation of local professional standards review organizations.
United States · United States Congress · 8 May 1974
Directs the Securities Exchange Commission to establish a National Market Board Authority for the purpose of creating a National Market Board to regulate a National Market System. Specifies the preferred qualifications of individuals to be appointed to the Board. States that the Board shall have the authority to regulate and govern the System, subject to Commission oversight, including the authority to: (1) establish the criteria for the eligibility of securities to be traded within the System; (2) establish, run, and regulate a consolidated transactional reporting system and a composite quotation system; (3) establish rules necessary in the public interest to insure fair and equitable treatment of participants in, users of, and members of the System; (4) establish membership criteria for the System, except that no bank, insurance company, or investment company, or any subsidiary or affiliate of a bank, insurance company, or investment company, may be a member of the System; and (5) establish minimum rates of commissions, if the Board determines that such minimum rates are necessary in the public interest or to insure fair dealing in securities.
United States · United States Congress · 1 May 1974
Congressional Advisory Legislative Line - Establishes an office within the Congress with a toll-free telephone number, to be known as the Congressional Advisory Legislative Line (CALL), to provide the American people with free and open access to information, on an immediate basis, relating to the status of legislative proposals pending before the Congress.
United States · United States Congress · 25 April 1974
States that the House of Representatives salutes Henry Aaron as an "All-American Good Guy" and extends to him the congratulations, esteem, and affection of the House.
United States · United States Congress · 24 April 1974
Makes it the sense of the House that, during the period pending consideration and action by the Senate upon the bill H.R. 10710, as introduced in the first session of the Congress, cited as the "Trade Reform Act of 1973" and as amended and passed by the House, no loan, guarantee, insurance, or credit shall be extended by the Export-Import Bank of the United States to any nonmarket economy country (other than any such country whose products are eligible for column 1 tariff treatment on the date of the enactment of this resolution), and no such country shall participate in any program of the Government of the United States which extends credits or credit guarantees or investment guarantees, directly or indirectly.
United States · United States Congress · 26 March 1974
Provides that the Secretary of Defense shall take such action as may be necessary and appropriate to insure that discharge certificates issued to members of the Armed Forces shall not bear any letter or number or other indicator of any kind whatsoever which discloses any reason why such member was discharged or separated from service; and no information indicating or relating to any reason why any former member of the Armed Forces was discharged or separated from service may be made available to any private person or entity by any officer or employee of any military department or agency. (Adds 10 U.S.C. 975).
United States · United States Congress · 25 March 1974
National No-Fault Motor Vehicle Insurance Act - Title I: General Provisions - States that every owner of a motor vehicle which is registered in a State in which a State no-fault plan for motor vehicle insurance in accordance with this Act is in effect, or which is operated in such State by the owner or with his permission, shall continuously provide security covering such motor vehicle while such vehicle is either present or registered in such State. Requires the commissioner of insurance for each State to establish and implement or approve and supervise a plan assuring that any required no-fault benefits and tort liability coverages for motor vehicles will be conveniently and expeditiously available, subject only to payment or provisions for payment of the premium, to each individual who cannot conveniently obtain insurance through ordinary methods at rates not in excess of those applicable to similarly situated individuals under the plan. Requires all insurers writing no-fault benefits and tort liability coverages in a State shall participate in the plan in such State. States that, subject to the supervision and approval of the commissioner, insurers may consult and agree with each other and with other appropriate persons as to the organization, administration, and operation of the plan and as to rates and rate modifications for insurance coverages provided under the plan. Requires that every contract of insurance providing security covering a motor vehicle which is not one of five or more motor vehicles under common ownership insured under a single insuring agreement, may not be canceled, modified, or otherwise terminated by the insurer nor may the insurer fail to renew except at specified dates or intervals which may not be less than 6 months after the inception of coverage or thereafter less than 6 months apart unless the Commissioner so provides. Provides that, subject to the supervision and approval of the Commissioner, the plan shall afford required coverages for motor vehicles to any economically disadvantaged individual, at rates as determined by the State, which shall not be so great as to deny such individual access to insurance which it is necessary for him to have in order to earn income and to be or remain gainfully employed. Sets forth restrictions on termination of no-fault insurance. Provides that no-fault benefits are payable monthly as loss accrues; and that loss accrues not when injury occurs, but as allowable expense, work loss, replacement services loss, or survivor's loss is sustained. States that, except as otherwise provided in this subsection, no-fault benefits shall not be denied or terminated because the victim executed a release or other settlement agreement. Allows, if no-fault benefits have not been paid for loss arising otherwise than from death, the commencement of action therefor not later than 2 years after the victim suffers the loss and either knows, or in the exercise of reasonable diligence should have known, that the loss was caused by the accident, or not later than 4 years after the accident, whichever is earlier. Permits restoration obligors providing basic restoration insurance in a State to organize and maintain, subject to approval and regulation by the commissioner, an assigned claims bureau and an assigned claims plan and adopt rules for their operation and for assessment of costs on a fair and equitable basis consistent with this Act. Provides that the assignee thereafter has rights and obligations as if he had issued a policy of basic restoration insurance complying with this Act applicable to the injury or, in a case involving the financial inability of a restoration obligor to perform its obligations, as if the assignee had written the applicable basic restoration insurance, undertaken the self-insurance, or lawfully obligated itself to pay basic restoration benefits. Directs the commissioners, in accordance with applicable State law, to regulate restoration obligors providing security covering a motor vehicle in his State, including the rates charged for security. Requires commissioners, through the State vocational rehabilitation agency, to establish and maintain a program for the regular and periodic evaluation of medical and vocational rehabilitation services for which reimbursement or payment is sought from a restoration obligor as an item of allowable expense. Authorizes the commissioner to establish and maintain a program for the regular and periodic evaluation of his State's no-fault plan for motor vehicle insurance; and to coordinate with appropriate government agencies the creation and maintenance of an emergency health services system. States that a restoration obligor providing security for the payment of basic restoration benefits shall be obligated to provide, and each contract of insurance for the payment of basic restoration benefits shall be construed to contain, coverage of $50,000 to protect the owner or operator of a motor vehicle from tort liability. Directs a restoration obligor providing security for the payment of basic restoration benefits to pay or otherwise provide such benefits without regard to fault to each individual entitled thereto, pursuant to the terms and conditions of the State no-fault plan for motor vehicle insurance applicable thereto. States that the provisions of this Act shall apply to Federal motor vehicles. Title II: National Standards for State No-Fault Motor Vehicle Insurance Plan - Prohibits State law from preventing establishment of a State no-fault plan pursuant to this Act. Grants the Secretary of Transportation power to approve State no-fault plans. Authorizes the Secretary to provide grants to any State for the purpose of reimbursing such State for any governmental cost increases resulting from the implementation or administration of a no-fault plan for motor vehicle insurance in accordance with this Act. Authorizes to be appropriated to the Secretary to carry out his responsibilities under this Act such sums as are necessary, not to exceed $10,000,000. Sets forth how benefits may and may not be limited under no-fault plans. States that tort liability is abolished with respect to any injury that takes place in a State in which a no-fault plan for motor vehicle insurance in accordance with this title is in effect prior to such injury, if such injury arises out of the maintenance or use of a motor vehicle, except that an owner of a motor vehicle involved in an accident remains liable if, at the time of the accident, the vehicle was not a secured vehicle. Provides that a person remains liable for damages for noneconomic detriment in excess of $2,500, if the accident results in death, serious and permanent disfigurement, or other serious and permanent injury; or more than 6 continuous months of total disability. Provides that all benefits or advantages that an individual receives, or is entitled to receive, from social security workmen's compensation, any State-required temporary, nonoccupational disability insurance, and all other benefits received by or available to an individual because of the injury, from any government, shall be subtracted from loss in calculating net loss. Requires insurers providing basic restoration insurance to offer additional restoration coverage, including for physical damage to a motor vehicle, a coverage for all collision and upset damage, subject to an optional deductible of not to exceed $100. Title III: Alternative State No-Fault Motor Vehicle Insurance Plan - Provides for an alternative State no-fault plan similar, with specified exceptions, to the one herein outlined. Sets basic limits on benefits. Abolishes tort liability for injuries taking place in a State in which the alternative no-fault plan is in effect, if such injury arises out of the maintenance or use of a motor vehicle. Allows restoration obligors to provide coverage in addition to basic coverage.
United States · United States Congress · 12 March 1974
Provides that recipients of veterans' pension and compensation shall not have the amount of such pension or compensation reduced, or entitlement thereto discontinued, because of increases in monthly social security benefits resulting from the enactment of Public Law 93-66, Public Law 93-233, and subsequent cost-of-living increases under title II of the Social Security Act. Provides that the provisions of this Act shall apply with respect to annual income determinations made for calendar years after 1972.
United States · United States Congress · 5 March 1974
Increases, under title II of the Social Security Act (Old-Age, Survivors', and Disability Insurance), the amount of outside earnings which (subject to further increases under the automatic adjustment provisions) is permitted each year without any deductions from benefits. Revises the method for determining such amount.
![Official portrait of Rep. Stuckey, W. S. (Bill), Jr. [D-GA-8]](https://www.congress.gov/img/member/s001039_200.jpg)