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United States · Official source
2,097 records where Rep. Valentine, Tim [D-NC-2] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 19 March 1984
Designates April 13, 1984, the birthday of Rabbi Menachem Mendel Schneerson, leader of the worldwide Lubavitch movement, as Education Day, U.S.A.
United States · United States Congress · 8 March 1984
Authorizes and requests the President to designate the month of May 1984 as National Physical Fitness and Sports Month.
United States · United States Congress · 1 March 1984
Designates March 25, 1984, and each March 25 thereafter, as Greek Independence Day: A National Day of Celebration of Greek and American Democracy.
United States · United States Congress · 28 February 1984
Designates the month of June 1984 as Veterans' Preference Month.
United States · United States Congress · 27 February 1984
Designates the month of September 1984 as National Sewing Month.
United States · United States Congress · 21 February 1984
Designates the week of October 7 through October 13, 1984, as National Birds of Prey Conservation Week.
United States · United States Congress · 8 February 1984
Designates 1984 as the Year of the Secretary.
United States · United States Congress · 2 February 1984
Designates March 25, 1984, and each March 25 thereafter, as Greek Independence Day: A National Day of Celebration of Greek and American Democracy.
United States · United States Congress · 31 January 1984
Declares that it is the sense of the House of Representatives that the President should resubmit his FY 1985 budget after making certain changes that reflect progress toward reducing the Federal budget deficit by $30,000,0000,0000, that are more in keeping with his stated goal of a balanced budget.
United States · United States Congress · 26 January 1984
Designates the week of September 30 through October 6, 1984, as National High-Tech Week.
United States · United States Congress · 26 January 1984
Designates April 27, 1984, as National Nursing Home Residents Day.
United States · United States Congress · 25 January 1984
Textile Fiber and Wool Products Identification Improvement Act - Amends the Textile Fiber Products Identification Act and the Wool Products Labeling Act of 1939 to require a textile fiber or wool product to be so labeled if it has been processed or manufactured in the United States. Requires the product, as well as the package in which it is contained, to be labeled as to country of origin. Requires catalog sales descriptions and other advertisements for textile and wool products to contain country of origin information. Requires that the identification label on imported textile fiber or wool products be affixed to the most conspicuous place on the inner side of the product. Amends the Tariff Act of 1930 to exempt from the additional duty for failure to mark those articles exported to the country of origin.
United States · United States Congress · 25 January 1984
Designates the month of November 1984 as National Alzheimer's Disease Month.
United States · United States Congress · 18 November 1983
Amends the Inspector General Act of 1978 to transfer the Defense Contract Audit Agency from within the Department of Defense to the Office of the Inspector General of the Department of Defense.
United States · United States Congress · 16 November 1983
Amends the Internal Revenue Code to allow an income tax credit for 20 percent of amounts paid or incurred for the acquisition and installation of security devices used to prevent the theft of controlled substances from certain pharmacies. Limits the credit to a maximum of $500. Terminates the credit for years after 1988.
United States · United States Congress · 14 November 1983
Pays tribute to Chad Knutson and his parents for his decision to donate his organs at his death which made possible multiple transplant operations.
United States · United States Congress · 14 November 1983
Designates July 1 through July 8, 1984, as National Duck Stamp Week, and 1984 as the Golden Anniversary Year of the Duck Stamp.
United States · United States Congress · 10 November 1983
Designates the week beginning April 8, 1984, as National Mental Health Counselors Week.
United States · United States Congress · 9 November 1983
Authorizes the U.S. Attorney General to make grants to States for the purpose of assisting local governments to purchase bulletproof vests for use by police officers. Requires local governments to contribute not less than 25 percent of the cost of the vests and return any amount not expended to the general fund of the Treasury as miscellaneous receipts. Authorizes appropriations.
United States · United States Congress · 4 November 1983
Prohibits the Secretary of the Army from issuing certain permits in connection with a proposed water pipeline project between Lake Gaston, Virginia, and Virginia Beach, Virginia, until an environmental impact statement for such project has been completed.
United States · United States Congress · 25 October 1983
Designates the United States Post Office and Courthouse Building in Greensboro, North Carolina, as the L. Richardson Preyer Federal Building.
United States · United States Congress · 6 October 1983
Expresses the sense of Congress that: (1) Fire Prevention Week, 1983, should be observed with appropriate activities; and (2) firefighters who have died while performing official duties be honored appropriately at the Annual National Observance Services for Fallen Firefighters on October 16, 1983, at the Federal training center in Emmitsburg, Maryland.
United States · United States Congress · 28 September 1983
Declares that the President shall convene a domestic economic summit conference to address the economic situation created by projected large deficits. Requires that such conference convene within 45 days to develop and report to Congress a comprehensive plan to reduce the projected deficits in the United States budget.
United States · United States Congress · 22 September 1983
North Carolina Wilderness Act of 1983 - Designates the following lands in North Carolina as components of the National Wilderness Preservation System: (1) the Birkhead Mountains Wilderness in the Uwharrie National Forest; (2) the Catfish Lake South Wilderness in the Croatan National Forest; (3) the Ellicott Rock Wilderness Addition in the Nantahala National Forest; (4) the Joyce Kilmer Wilderness Additions in the Nantahala National Forest; (5) the Linville Gorge Wilderness Additions in the Pisgah National Forest; (6) the Middle Prong Wilderness in the Pisgah National Forest; (7) the Pocosin Wilderness in the Croatan National Forest; (8) the Pond Pine Wilderness in the Croatan National Forest; (9) the Sheep Ridge Wilderness in the Croatan National Forest; (10) the Shining Rock Wilderness Addition in the Pisgah National Forest; and (11) the Southern Nantahala Wilderness in the Nantahala National Forest. Provides that the RARE II (second roadless area review and evaluation) final environmental statement (dated January 1979) with respect to national forest system lands in North Carolina shall not be subject to judicial review. Releases national forest system lands in North Carolina which were reviewed in the RARE II program from further review by the Department of Agriculture, pending revision of initial national forest management plans. Releases lands in North Carolina reviewed in the RARE II program and not designated as wilderness or for wilderness study from management as wilderness areas. Prohibits the Department of Agriculture from conducting any further statewide roadless area review and evaluation of national forest system lands in North Carolina without express congressional authorization. Requires the Secretary of Agriculture to review the following lands with respect to their suitability as wilderness areas: (1) the Harper Creek Wilderness Study Area in the Pisgah National Forest; (2) the Lost Cove Wilderness Study Area in the Pisgah National Forest; (3) the Overflow Wilderness Study Area in the Nantahala National Forest; (4) the Snowbird Wilderness Study Area in the Nantahala National Forest; and (5) the Craggy Mountain Wilderness Study Area in the Pisgah National Forest. Requires the Secretary to report on such review to the President, who shall submit recommendations with respect to such wilderness study areas to Congress within three years after enactment of this Act.
United States · United States Congress · 19 September 1983
Expresses the sense of the Congress that the transfer of ownership or management of any civil meteorological satellite system and associated ground system equipment to the private sector is not presently appropriate.
United States · United States Congress · 12 September 1983
Coin-Operated Phonorecord Player Copyright Act of 1983 - Revises the scope of the limitations on the performance of a nondramatic musical work on a coin-operated phonorecord player (jukebox) to require: (1) the manufacturer or importer of the player, rather than the operator, to register and pay a one-time only compulsory licensing fee of $50, rather than an adjusted annual fee, to the Copyright Royalty Tribunal for distribution to the copyright holders; and (2) the operator of a currently owned player to pay a compulsory licensing fee of up to $25 based upon the number of years of useful life remaining in the player. Directs the Register of Copyright to keep a list of all registered players. Restates the royalty distribution procedures.
United States · United States Congress · 4 August 1983
Davis-Bacon Reform Act of 1983 - Amends the Davis-Bacon Act to increase from $2,000 to $1,000,000 the threshold dollar amount subjecting certain contracts to such Act and requiring them to specify the minimum wages to be paid to laborers and mechanics. Directs the Secretary of Labor to establish as the prevailing wage for a class of laborers or mechanics the entire range of wages being paid to a corresponding class of such workers in the particular urban or rural subdivision of the State in which the work is to be performed. Excludes from the computation of wages the basic hourly rates of pay for workers on local Federal projects. Establishes a separate classification for helpers of laborers or mechanics. Amends the Copeland Anti-Kickback Act to require certain contractors or subcontractors to furnish compliance statements concerning weekly wages at the beginning and conclusion of the period covered by the contract, instead of every week as the wages are paid.
United States · United States Congress · 4 August 1983
Commemorates the two hundred and fiftieth anniversary of the founding of the State of Georgia. Directs the Secretary of the Treasury to strike and furnish national medals to the Semiquincentenary Commission of the State of Georgia.
United States · United States Congress · 4 August 1983
Amends the Internal Revenue Code to provide for the reporting of tips by large food or beverage establishments in lieu of allocation requirements if reported tips do not equal eight percent of gross receipts. Allows for a reduction of such percentage under certain circumstances.
United States · United States Congress · 3 August 1983
Computer Literacy Act of 1983 - Title I: Acquisition of Computer Hardware - Directs the Secretary of Education to allocate funds to local educational agencies (LEAs) for the acquisition of computer hardware for use in school classrooms. Directs the Secretary to allocate a specified amount to each State educational agency (SEA) for monitoring and enforcement. Sets forth requirements for LEA applications for such funds, to be approved by SEAs. Sets forth State responsibilities under this title. Sets forth provisions for participation of children from private schools. Authorizes appropriations for FY 1984 through 1993 to carry out this title. Title II: Teacher Training Institutes - Directs the National Science Foundation (NSF) to arrange for short-term or regular session institutes for advanced study to improve the qualifications of individuals who are engaged in, or preparing to engage in: (1) teaching the operation and use of new technologies; or (2) supervising or training such teachers. Directs the NSF to make grants or contracts for the development and operation of such institutes by nonprofit professional scientific or engineering organizations, science museums, regional science education centers, SEAs, and institutions of higher education (including community colleges). Requires that special consideration for such grants and contracts be given to institutes training teachers, or supervisors or trainers of teachers, serving or preparing to serve in elementary and secondary schools enrolling substantial numbers of culturally, economically, socially, and educationally handicapped youth, or in programs for children of limited English language proficiency. Provides for stipends for individuals who attend such institutes. Authorizes appropriations for FY 1984 through 1993 to carry out this title. Title III: Information Dissemination and Evaluation - Directs the National Institute of Education (NIE) and the NSF to provide advice and technical assistance to SEAs and LEAs on the expenditure of funds under title I and on acquisition of suitable computer software by: (1) evaluating and disseminating information on available computer hardware and software's classroom usefulness; and (2) developing model educational software and making this available to computer software producers and distributors, teachers, and school administrators. Directs NIE and NSF to carry out such functions under grants or contracts. Authorizes appropriations for FY 1984 through 1993 for such purpose. Directs the NSF to conduct, assist, and foster research and experimentation on, and dissemination of, models of instruction in the operation and use of computers. Directs the NSF to do so: (1) through grants to or contracts with nonprofit professional scientific or engineering organizations, science museums, regional science education centers, public television, SEAs, and institutions of higher education (including community colleges); and (2) giving priority to proposals prepared with active and broad community involvement or proposals to establish model training programs for adults. Permits funds from such grants or contracts to be used for the acquisition of computer hardware and software. Requires the Director of NSF to: (1) report to Congress annually on the results of such research and experimentation; and (2) in conjunction with NIE, disseminate information on such results to LEAs. Authorizes appropriations for FY 1984 to 1993 for such research, experimentation, and dissemination.
United States · United States Congress · 3 August 1983
Interstate Compact - Grants congressional approval to the Southeast Interstate Compact on Low-Level Radioactive Waste Management, which provides for cooperation among the States of Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia in the management of low-level radioactive waste on a continuing basis.
United States · United States Congress · 2 August 1983
Agricultural Stabilization and Conservation Committee Act of 1983 - Amends the Soil Conservation and Domestic Allotment Act to require that the number of local agricultural stabilization and conservation (ASC) committees in a county shall not be less than existed as of December 31, 1980. Requires with regard to such committees that: (1) all members, as of January 1, 1984, be elected to three-year terms; and (2) they meet at least four times a year. Sets forth committee duties and makes them effective as of January 1, 1984. Expands the Secretary of Agriculture's authority to use local and county committees. Amends the Agricultural Adjustment Act of 1938 to require the Secretary to pay: (1) travel expenses for members of State, county, and local ASC cmmittees; and (2) hourly compensation for work actually performed to county members (at GS- 11 rate) and to local members (at GS-9 rate).
United States · United States Congress · 29 July 1983
Authorizes the President to proclaim March 1984, National Social Work Month.
United States · United States Congress · 27 July 1983
Designates the week beginning May 21, 1984, as National Medical Transcriptionist Week.
United States · United States Congress · 21 July 1983
Authorizes and requests the President to designate the week of March 4 through March 10, 1984, as National Beta Club Week.
United States · United States Congress · 20 July 1983
Designates the week beginning September 18, 1983, as Emergency Medicine Week.
United States · United States Congress · 30 June 1983
Patent Term Restoration Act of 1983 - Amends the patent laws to extend the terms of patents which encompass specified products or a method for using a product, any of which are subject to certain nonpatent regulatory review periods. Sets forth the terms and conditions of such extension, including a seven year limitation. Directs the Commissioner of Patents to issue to the owner of record of a patent a certificate of extension stating the fact and length of the extension and identifying the product and the use and the claim to which such extension is applicable. Makes such certificate a part of the original patent. Limits the application of such patent term extension to patents for products subject to regulation under the Federal Food, Drug, and Cosmetic Act, the Public Health Service Act, the Federal Insecticide, Fungicide, and Rodenticide Act, the Toxic Substances Control Act, and the Act of March 4, 1913 (relating to virus, serum, toxin, and analogous products).
United States · United States Congress · 14 June 1983
Government Printing Office Pay Reform Act of 1983 - Requires the pay of Government Printing Office employees to be administered under the prevailing rate system and the General Schedule. Provides that employees who, upon enactment of this Act, hold positions for which the pay rates are determined by conference with the Public Printer or by appeal to the Joint Committee on Printing, shall, with specified exceptions, continue to receive basic pay at a rate not below the rate in effect immediately before enactment of this Act, plus any increase payable under the prevailing rate system or the General Schedule. Repeals the limitation on the number of apprentices that the Public Printer may employ at one time.
United States · United States Congress · 14 June 1983
Designates the week beginning August 7, 1983, as National Correctional Officers Week.
United States · United States Congress · 9 June 1983
Fair Tax Act of 1983 - Title I: Reduction of Individual and Corporate Tax Rate-Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to reivse individual tax rates. Imposes a flat tax rate of 14 percent on the taxable income of individuals. Imposes a surtax of between 12 and 16 percent of the amount by which adjusted gross income exceeds specified levels. Imposes a flat tax rate of 30 percent on the taxable income of estates and trusts. Imposes a flat tax rate of 30 percent on the taxable income of corporations. Subtitle B: Increase in Personal Exemption for Taxpayer and Standard Deduction - Increases the personal exemption for an individual taxpayer and spouse to $1,600 and $1,800 for an individual who is a head of a household. Raises the standard deduction to $6,000 in the case of a joint return or a surviving spouse or $3,000 in the case of an individual, or a married individual filing a separate return. Subtitle C: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) minimum tax for tax preferences; (3) personal service corporations; (4) special averaging rules for lump-sum distributions; (5) accumulated corporate surplus; (6) personal holding companies; (7) income averaging; and (8) graduated corporate tax rates. Repeals the indexing of tax rates. Applies the trust throwback rules only to amounts distributed from foreign trusts. Title II: Base Broadening-Subtitle A: Credits - Repeals the general tax credit, the investment tax credit, the possessions tax credit and the income tax credits relating to: (1) the elderly and the permanently and totally disabled; (2) contributions to candidates for public office; (3) home purchases; (4) residential energy conservation; (5) producing fuel from a nonconventional source; (6) alcohol used as fuel; (7) increasing research activities; (8) employee stock ownership; and (9) clinical testing for certain drugs. Allows an income tax deduction for household and dependent care expenses necessary for employment. (Present law allows an income tax credit for such expenses.) Subtitle B: Exclusions - Repeals the partial income tax exclusion for interest and dividends. Repeals the exclusion for: (1) qualified transportation furnished by an employer; (2) cafeteria plans furnished by an employer; (3) dependent care assistance programs; (4) dividend reinvestment in public utilities; (5) payments to encourage mining for defenses purposes; (6) earned income of citizens living abroad; (7) certain allowances; (8) income from sources within the United States; and (9) income from sources within Puerto Rico. Treats as taxable income: (1) tier two railroad retirement benefits; (2) amounts paid by an employer for group-term life insurance; (3) unemployment compensation; (4) the annual increase in the the cash surrender value of life insurance policies; (5) interest on industrial development bonds and mortgage subsidy bonds; and (6) amounts contributed by an employer to accident and health plans. Provides that the transfer of a corporation's stock in satisfaction of indebtedness will be treated as having satisfied the indebtedness with money equal to the fair market value of the stock. Provides a limited exclusion from income for scholarships and fellowships. imposes the surtax on the gain from the sale of a principal residence. Amends the Merchant Marine Act to repeal the tax exemption for deposits into, and withdrawals from, a capital construction fund. Subtitle C: Deductions - Repeals the deduction for two-earner married couples, and the deduction for adoption expenses. Limits the amount of the interest deduction for individuals. Repeals the deduction for State and local personal property and sales taxes. Restricts the charitable contribution for corporations to 50 percent of the charitable contributions during the year. Increases the floor on the deduction for medical and dental expenses from five percent to 10 percent. Subtitle D: Repeal of Special Capital Gains Treatment - Repeals the alternative tax on capital gains for corporations, and the deduction for individuals for capital gains. Limits the amount of the capital loss deduction without regard to distinctions between short term and long term capital losses. Eliminates the distinction between short-term and long-term gains and losses. Title III: Capital Cost Recovery-Subtitle A: Simplified Cost Recovery Systems - Allows individuals and corporations a deduction from gross income for a percentage of the balance in a recovery account for each year. Includes in the recovery account the cost of recovery property which is depreciable property used in a trade or business or held for the production of income which is placed in sevice after December 31, 1984. Establishes six classes of recovery property and specifies a class life for each. Assigns property to each class according to the class life of the property. Sets forth rules for the calculation of the recovery percentage on the basis of the class life of the property. Allows individuals and corporations a deduction for depletable property determined as a percentage of the balance in a recovery account for each year. Establishes six classes of depletable property and assigns a class life to each. Assigns a ten year class life for oil, gas, and geothermal wells. Subtitle B: Other Changes - Repeals the income tax deductions for: (1) intangible drilling and development costs for oil, gas, and geothermal wells; (2) depreciation; (3) amortization of pollution control facilities; (4) improvements made by a leasee on a lessor's property; (5) certain depreciable assets; (6) amortization of reforestation expenditures; (7) percentage depletion; (8) development expenditures; and (9) mining and exploration expenditures. Allows a ten-year period for the amortization of construction period interest and taxes. Allows a deduction of circulation expenses for a newspaper, magazine, or other periodical ratably over a ten-year period. Excludes amounts chargeable to a capital account from such treatment. Provides for the deduction of 50 percent of tertiary injectant expenses in the taxable year and 50 percent of such expenses in the succeeding taxable year. Title IV: Miscellaneous Provisions - Subtitle A: Foreign Income - Requires an individual who owns stock in a corporation which is a controlled foreign corporation to include in income a pro rata share of the corporations's earnings and profits for such year. Reduces such amount by any amount required to be included in in income by reason of the amount being foreign personal holding company income. Repeals the domestic international sales corporations (DISC) provisions for taxable years beginning after December 31, 1984. Subtitle B: Other Miscellaneous Provisions - Repeals the tax exemption for credit unions. Reduces the limit on benefits which may be paid to a participant under defined benefit plans and defined contribution plans. Repeals the cost-of-living adjustment for defined benefit plans. Continues the cost-of-living adjustment for purposes of calculating a participant's average compensation for his high three years. Requires farmers to compute their taxable income using the accrual method of accounting with the capitalization of preproduction expenses. Exempts taxpayers who do not have gross receipts exceeding $1,000,000. Requires farming syndicates to use the accrual method of accounting without regard to gross receipts. Provides that farmers who must use the accrual method cannot expense the following: (1) soil and water conservation expenditures; (2) fertilizer; and (3) expenses for clearing land. Requires the deferral of income or loss must be taken into account in determining tax liability under completed contract method of accounting. Requires that the taxpayer with adjusted gross income in excess of $100,000 must make estimated payments equal to 90 percent of current year tax. Requires the recognition of the gain or loss on distributions of property by corporations. Eliminates the special bad debt reserves of financial institutions. Title V: Effective Dates - Sets forth the effective dates of the provisions of this Act.
United States · United States Congress · 1 June 1983
Expresses the sense of the Congress that the continuing possibility that the provisions of the Internal Revenue Code relating to withholding of tax from interest and dividends will be repealed is creating, for all payors, an undue hardship within the meaning of the Tax Equity and Fiscal Responsibility Act of 1982, and that the Secretary of the Treasury should exercise his authority under such Act to delay the effective date of such provisions until December 31, 1983.
United States · United States Congress · 26 May 1983
Designates October 1, 1983, the Twenty-fifth Anniversary of the National Aeronautics and Space Administration.
United States · United States Congress · 25 May 1983
Authorizes and requests the President to designate the years of 1984 through 1987 as a Period of National Observance of the Four Hundredth Anniversary of the First English Attempts to Settle in America on Roanoke Island, North Carolina.
United States · United States Congress · 18 May 1983
Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1983 - Amends the Rural Electrification Act of 1936 (REA) to eliminate the requirement for a State certificate of convenience and necessity before the Administrator may make loans to provide rural telephone service. Revises the liabilities and uses of the Rural Electrification and Telephone Revolving Fund established under the REA to provide that notes of the Administrator to the Secretary of the Treasury to obtain funds for loans shall be equity capital of the Fund. States that assets of the Fund shall be available only for: (1) payment of interest and principal on loans to the Administrator from the Secretary of the Treasury; and (2) for certificates of beneficial ownership issued to such Secretary or in the private market. Requires the Administrator to maintain two separate accounts within the fund: (1) the Electrification Account; and (2) the Telephone Account. Lists the items that shall be accounted for in each Account respectively, and restricts the purposes for which the assets of each Account shall be available. Authorizes the Administrator to repurchase specified certificates of beneficial ownership under certain conditions affecting their interest rates. Establishes guidelines for interest-bearing insured loans made by the Administrator to electric and telephone borrowers. Requires the Secretary of Agriculture to request in each annual supplemental budget estimate the amount needed to replenish the Fund for anticipated and actual costs resulting from loans made at less than a specified rate during the preceding fiscal year. Directs the Administrator to guarantee loans to specified borrowers or to accommodate or subordinate liens or mortgages held in the Fund, according to prescribed rules and regulations. Directs the Administration to promulgate such rules and regulations within 90 days after the effective date of this Act. Prescribes guidelines under which certain lenders are authorized to adjust interest rates on loans guaranteed by the Administrator. Requires rural electrification borrowers to obtain concurrent supplemental financing according to prescribed guidelines in any fiscal year in which the minimum loan level for insured rural electrification loans is less than $1,000,000,000. Repeals the loan-making authority of the Governor of the Rural Telephone Bank which require approval by the Secretary of Agriculture of facilities or lines to be acquired with such loans. Eliminates loan restrictions placed upon potential borrowers whose net worth exceed their assets by twenty percent.
United States · United States Congress · 17 May 1983
Designates February 11, 1984, as National Inventors' Day.
United States · United States Congress · 17 May 1983
Authorizes and requests the President to designate May 8 to June 19, 1983, as Family Reunion Month.
United States · United States Congress · 12 May 1983
Permits the Secretary of Defense to provide air transportation to annual national meetings within the continental United States sponsored by the National League of Families of American Prisoners and Missing in Southeast Asia to the next of kin of persons missing in action in Southeast Asia during the Vietnam era, or reported dead without repatriation of the remains.
United States · United States Congress · 21 April 1983
Amends the Tariff Schedules of the United States to impose a one-tenth of one cent duty on apple and pear juice. (Currently, imports of such juice are duty-free.)
United States · United States Congress · 21 April 1983
Expresses the sense of the House of Representatives that the President should reduce imports of apparel to no more than 25 percent of the American apparel market.
United States · United States Congress · 20 April 1983
Constitutional Amendment - Requires Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are no greater than total receipts. Permits Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote directed solely to that subject. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the rate of increase in national income in the last calendar year ending before such fiscal year, unless Congress passes a bill directed solely to approving specific additional receipts and such bill has become law. Permits Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing and total outlays shall include all outlays of the United States except those for repayment of debt principal.