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Official portrait of Rep. Williams, Lyle [R-OH-17]

Rep. Williams, Lyle [R-OH-17]

United States · Official source

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544 records where Rep. Williams, Lyle [R-OH-17] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 6301 (98th)open

Steel Import Stabilization Act

United States · United States Congress · 25 September 1984

Steel Import Stabilization Act - Expresses the sense of the Congress that: (1) the President should implement the national policy for the steel industry in a manner that restores the foreign share of the U.S. market for carbon and alloy steel products to approximately 17 percent; (2) the national policy for the steel industry should not be implemented in a manner contrary to the antitrust laws; and (3) if the national policy for the steel industry does not produce satisfactory results within a reasonable time, the Congress will consider taking legislative actions to stabilize conditions in the domestic market for steel and iron ore products. Defines the national policy for the steel industry as those actions and elements described in Executive Communication 4046, dated September 18, 1984. Authorizes the President, subject to specified conditions, to carry out such actions as may be necessary or appropriate to enforce the quantitative limitations and restrictions contained in each bilateral arrangement (an arrangement made to implement the national policy for the steel industry) or other export measure required by a foreign government or customs union. Directs the President, in applying such authority, to cover all categories of carbon and steel alloy products, to avoid distortions among those categories, and to include all exporting countries and customs unions from which there are or have been surges in exports of those products to the United States. Terminates the authority of the President to carry out such actions: (1) five years after the effective date of this Act; or (2) at the close of the first, second, third, or fourth anniversary of such date unless the President submits a specified affirmative annual determination before each such anniversary to the House Ways and Means Committee and the Senate Finance Committee. Defines an affirmative annual determination as a determination by the President that during the past year the steel industry has: (1) invested substantially all of its net cash flow from carbon and alloy steel product operations for purposes of reinvestment in, and modernization of, that industry; and (2) taken sufficient action to maintain its international competitiveness. Prohibits the President from finding compliance with the reinvestment and modernization requirement unless: (1) each major company with significant reinvestment or modernization needs has committed all of its net cash flow (except that required for retraining) from carbon and alloy steel product operations during the applicable 12-month period to meet those needs; and (2) each major company that has or reasonably anticipates significant unemployment in such operations has committed for the applicable 12-month period not less than one percent of such net cash flow to the retraining of workers, including those laid off at any time since January 1, 1982. Directs the President in making such determination to take into account such information as may be available from the U.S. International Trade Commission and other appropriate sources. Directs the Secretary of Labor to report to Congress, within six months of the effective date of this Act, a plan for assisting workers in communities that are adversely affected by imports of carbon and alloy steel products. Amends the Trade Act of 1974 to extend through FY 1987 trade adjustment assistance for workers and firms.

Resolution· HCONRESH.Con.Res. 363 (98th)referred

A concurrent resolution expressing the sense of the Congress that the Federal Home Loan Bank Board should delay until June 30, 1985, the effective date of its proposed regulations regarding limitations on direct investment in real estate, service corporations, and equity securities by federally insured savings and loan associations.

United States · United States Congress · 25 September 1984

Expresses the sense of the Congress that the Federal Home Loan Bank Board should delay until June 30, 1985, the effective date of its proposed regulations regarding limitations on direct investment in real estate, service corporations, and equity securities by federally insured savings and loan associations. Directs the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance, and Urban Affairs of the House of Representatives to examine alternatives to the proposed regulations which will ensure safety and sound investment activities.

Bill· HRH.R. 6232 (98th)referred

A bill to amend title XVI of the Social Security Act to provide that support and maintenance furnished a mentally retarded individual living in another person's household shall not constitute income to such individual (and shall not cause his or her benefits to be reduced) under the SSI program.

United States · United States Congress · 12 September 1984

Amends title XVI (Supplemental Security Income) of the Social Security Act to provide that in the case of a mentally retarded individual, support and maintenance in kind received by such an individual while living in another person's household shall not be considered income to such individual under the SSI program.

Bill· HRH.R. 6096 (98th)referred

Dislocated Workers Act of 1984

United States · United States Congress · 8 August 1984

Dislocated Workers Act of 1984 - Title I: Employment Impact of Federal Programs - Directs the Secretary of Labor to establish and maintain the capacity to estimate the employment and unemployment impact of Federal programs, and the termination of Federal programs, including programs of financial assistance. Requires that the impact reports be established and maintained on an individual program-by-program basis, with separate estimates in a State and sub-State level. Requires that such estimates include both the direct and indirect employment effects of Federal expenditures. Title II: Dislocated Workers - Amends the Higher Education Act of 1965 (HEA) to direct the Secretary of Education to disregard, in any case in which a student is a certified dislocated worker under title III of the Job Training Partnership Act (JTPA), all equity in a single principal place of residence and the amount of unemployment benefits, for purposes of computation of assets and income for the proposed family contribution schedule for determination of Pell grants. Authorizes appropriations to cover such additional entitlements, but prohibits payment of such entitlements unless funds are provided for in an appropriation Act. Amends HEA to provide that, in the case of any such dislocated worker, identified under JTPA, determinations of need for purposes of the Guaranteed Student Loan program shall be based on current income. Authorizes the Private Industry Council in every service delivery area (SDA) established under JTPA to provide information on training opportunities in the SDA, as well as the opportunities provided by this Act, to all individuals seeking training and retraining. Provides that acceptance of such training or retraining, and enrollment in a secondary institution with assistance made available pursuant to this title, shall be deemed to be acceptance of training with the approval of the State within the meaning of any other provision of Federal law relating to unemployment insurance. Excludes funds used for such purposes from specified cost limitations under JTPA. Title III: Procurement Targeting in Labor Surplus Areas - Directs the head of each Federal agency which procures supplies and equipment at a rate in excess of $1,000,000,000 in FY 1982 to set targets, in each fiscal year, for such procurement within labor surplus areas, as defined by the Secretary of Labor. Directs the Director of the Office of Management and Budget to report to specified congressional committees on: (1) the amount and percentage of contracts awarded by each Federal agency in labor surplus areas; (2) the impact of such contracts on the area unemployment rate; and (3) whether such contracts could be increased without adverse impact on Federal procurement.

Bill· HRH.R. 6021 (98th)referred

A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property.

United States · United States Congress · 25 July 1984

Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.

Resolution· HCONRESH.Con.Res. 339 (98th)open

A concurrent resolution calling upon the President to seek an international convention for the suppression of international terrorism.

United States · United States Congress · 29 June 1984

Expresses the sense of the Congress that the President should make every effort to convene an international conference on terrorism: (1) at which participating countries would share intelligence about international terrorist organizations and discuss counterterrorism strategy and techniques; and (2) which would result in the adoption of a Convention for the Suppression of International Terrorism to strengthen international law with respect to terrorist acts. Provides for the establishment by the Convention of effective procedures for dealing with such international terrorism.

Bill· HRH.R. 5952 (98th)referred

A bill to amend the Trade Act of 1974 to require Congressional approval of certain executive actions affecting import relief.

United States · United States Congress · 28 June 1984

Amends the Trade Act of 1974 to require that import relief actions recommended by the International Trade Commission (ITC) shall take effect even though the President proposes different actions, unless Congress approves such presidential actions by a joint resolution of both Houses. (Currently, such congressional approval is by concurrent resolution of both Houses and must occur within 90 days of receiving such proposal). Requires the President to impose the action which was recommended by the ITC within 30 days after the day on which either House does not adopt such resolution.

Bill· HJRESH.J.Res. 616 (98th)referred

A joint resolution to establish a bipartisan National Commission of Federal Budget Deficit Reductions.

United States · United States Congress · 28 June 1984

Establishes the National Commission on Federal Budget Deficit Reductions to review all relevant elements of fiscal and monetary policy. Requires particular emphasis to be given to the causes of cyclical and structural Federal budget deficits and the impact which growing structural Federal deficits have on employment, capital formation, and the vigor and viability of economic growth in the United States. Requires the Commission to: (1) identify problems which may hinder the control and reduction of Federal budget deficits; and (2) analyze all potential options which would result in deficit reductions and place the Government on a sound financial basis. Requires the Commission to report to the President and Congress by January 15, 1985, detailed findings, conclusions, and recommendations for such legislation and administrative actions as it considers appropriate. Terminates the Commission 30 days after submission of such report.

Law· HJRESH.J.Res. 605 (98th)enacted

A joint resolution regarding the implementation of the policy of the United States Government in opposition to the practice of torture by any foreign government.

United States · United States Congress · 26 June 1984

Reaffirms that it is U.S. policy to oppose the practice of torture by foreign governments through the implementation of laws and through public and private diplomacy. Requests the President to: (1) instruct the U.S. representative to the United Nations to continue to raise the issue of torture by such governments; and (2) continue to involve the U.S. Government in the formulation of international standards, particularly the draft Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment. Requests the Secretary of State to issue specified formal instructions to each U.S. mission chief regarding U.S. policy with respect to such torture. States that the Secretary of Commerce should continue to enforce the current restrictions on the export of crime control equipment pursuant to the Export Administration Act of 1979. Directs the heads of U.S. departments that furnish military and law enforcement training to foreign personnel to include in such training instruction regarding international human rights standards with respect to torture.

Bill· HJRESH.J.Res. 599 (98th)referred

A joint resolution to designate August 1, 1984, as "Helsinki Human Rights Day".

United States · United States Congress · 20 June 1984

Designates August 1, 1984, as Helsinki Human Rights Day. Authorizes and requests the President to issue a proclamation reasserting the American commitment to full implementation of the human rights and humanitarian provisions of the Helsinki Accords. Requests the President to raise the issue of noncompliance with such provisions with the Soviet Union and Eastern European countries at every available opportunity.

Bill· HRH.R. 5874 (98th)referred

Economic Growth Zone Act of 1984

United States · United States Congress · 15 June 1984

Economic Growth Zone Act of 1984 - Title I: Designation of Economic Growth Zones - Directs the Secretary of Housing and Urban Development to designate between 200 and 250 nominated areas as economic growth zones over a five year period. Sets forth the authorities that a State or local government must have in order to nominate an area for such designation. Sets forth the eligibility requirements that an area must meet in order to be nominated for designation, including pervasive poverty, unemployment, and general distress. Permits the Secretary to give preliminary approval to a nominated area as an economic growth zone if: (1) the local government involved has prepared a preliminary economic growth zone development plan containing specified information; and (2) the local government involved prepares a preliminary plan for a comprehensive improvement of the infrastructure of such area so as to improve general economic conditions. Permits the Secretary to approve such designation if preliminary approval has been given and specified conditions are met. Sets forth considerations for the final review and approval of an application for designation. Title II: Advisory Neighborhood Councils - Requires the State or local government in which a economic growth zone is designated to establish an advisory neighborhood council to advise the local government on all matters relating to economic growth zone activities. Title III: Assistance for Economic Growth Zones - Requires each local government in which an economic growth zone is located to establish an economic growth zone development fund to be used as a revolving fund for making or guaranteeing loans to small businesses for initial or working capital, or facilities and equipment. Sets forth the procedures for making such loans and guarantees. Permits the Secretary to guarantee the notes or other public obligations issued by units of local government for the acquisition, construction, rehabilitation, or repair of the infrastructure of economic growth zones located in such units of general local government. Requires that a certain percentage of appropriated funds be set aside for the purpose of making grants to units of general local government on behalf of projects located within economic growth zones. Requires that preference in the Department of Housing and Urban Development programs be given to any program or organization located in or primarily serving an economic growth zone and to any local government which has an economic growth zone. Permits the Secretary to make mortgage insurance available for eligible properties within an economic growth zone. Provides for the use of vacant or underdeveloped dwellings for economic and community development within such areas. Permits the Secretary to make grants to units of local government and nonprofit organizations for the development of facilities in economic growth zones to be used by new businesses. Amends the Neighborhood Reinvestment Corporation Act to require the Neighborhood Reinvestment Corporation to carry out neighborhood preservation projects in appropriate economic growth zones. Amends the Housing Act of 1964 to permit the Secretary to make loans for the rehabilitation of commercial property in economic growth zones. Prohibits assistance for facility relocation if it adversely affects the employment or economic base of the location from which the facility is to be relocated. Title IV: General Provisions - Requires the Secretary to coordinate the economic growth zone program with other Federal programs. Requires the Secretary to issue regulations to carry out the provisions of this Act. Requires the Secretary to make annual reports to Congress on the effects of the designation of such economic growth zones in accomplishing the purposes of this Act.

Bill· HRH.R. 5754 (98th)open

A bill to amend the Tariff Schedules of the United States to provide for rates of duty on imported bicycles and bicycle parts consistent with those rates of duty maintained by the principal exporting nations of bicycles and bicycle parts to the United States.

United States · United States Congress · 31 May 1984

Amends the Tariff Schedules of the United States to apply a uniform duty rate on imported bicycles and bicycle parts, tires, and tubes. Provides that such duty rate shall not apply to the existing suspension of duty on other specified bicycle parts.

Bill· HRH.R. 5593 (98th)open

Clean Coal Production and Utilization Technology Demonstration Act

United States · United States Congress · 3 May 1984

Clean Coal Production and Utilization Technology Demonstration Act - Directs the Secretary of Energy to establish a technology demonstration program of advanced systems to: (1) reduce air pollution from coal-burning powerplants and other facilities; and (2) prove more efficient and environmentally acceptable processes for producing coal-derived fuels. States that such program and its funding shall be in addition to the Research and Base Technology activity contained in the existing fossil energy research and development budget of the Department of Energy. Directs the Secretary to prepare detailed specifications for advanced systems to demonstrate: (1) five specified near-term technologies; (2) seven longer-term, second generation technologies; and (3) any other advanced technologies which may appear promising for extracting gas and oil from shale and coal through field tests, with an emphasis on exploiting these resources in the Eastern region of the United States. Directs the Secretary within six months from the date of the enactment of this Act to solicit proposals from the public to construct, install, and operate these systems pursuant to such detailed specifications, on a cooperative basis with appropriate assistance from the Secretary, in one or more new or existing electric powerplants. Directs the Secretary to report to the appropriate committees of Congress concerning the selection of a proposal at least 45 days prior to accepting any proposal for technology demonstration. Directs the Secretary, within eight months following the date of the enactment of this Act, to prepare and submit to the appropriate committees of Congress a five-year national coal engineering, development, and technology demonstration plan. Requires such plan to be updated annually and submitted to such committees by January 31 of each succeeding year. Makes available, pursuant to authorization and annual appropriation to the Secretary of Energy for use in carrying out this Act, a specified amount of the funds deposited in the Energy Security Reserve pursuant to provisions of the United States Synthetic Fuels Corporation Act of 1980. Authorizes an amount to be appropriated for FY 1986 from such reallocated funds to carry out the purposes of this Act.

Resolution· HCONRESH.Con.Res. 294 (98th)passed

A concurrent resolution expressing the sense of the Congress that the President should express to the Government of the Soviet Union the disapproval of the American people concerning the Soviet Union's systematic nondelivery of international mail addressed to certain persons residing within the Soviet Union, and that the United States delegation to the Congress of the Universal Postal Union seek the compliance of the Government of the Soviet Union with the treaties governing international mail to which it is a party.

United States · United States Congress · 26 April 1984

Expresses the sense of the Congress that the President should express to the Soviet Union the U.S. disapproval of the Soviet Union's: (1) systematic nondelivery of U.S. mail addressed to persons in the Soviet Union; and (2) violation of specified treaties governing international mail. States that at the meeting of the Congress of the Universal Postal Union in Hamburg, Germany, U.S. representatives should; (1) bring such violations to the attention of the Union; (2) request that an investigation of such violations be conducted by the Union; and (3) consider possible sanctions against the Soviet Union for such violations.

Bill· HRH.R. 5414 (98th)referred

Older Americans Act Amendments of 1984

United States · United States Congress · 11 April 1984

Older Americans Act Amendments of 1984 - Title I: Amendments Regarding Objectives and Definitions - Amends the Older Americans Act of 1965 to declare as an objective of such Act that our older people should have available a comprehensive array of community-based, long-term care services adequate to appropriately sustain them in their communities and in their homes. Title II: Amendments Regarding the Administration on Aging - Replaces provisions establishing the Administration on Aging in the Office of the Secretary of Health and Human Services with provisions establishing, under the general authority of the Secretary, an Office on Aging (the Office). Provides that the Office shall assume the duties and functions of the Administration on Aging. Provides that the Office shall, as was the Administration on Aging, be headed by the Commissioner on Aging. Requires the Office, in addition to the duties and functions of the Administration that it has assumed, to consult with national organizations representing minority individuals to develop and disseminate training packages and to provide technical assistance efforts designed to assist State and area agencies in providing services to older individuals with the greatest economic or social needs. Authorizes funds to be appropriated for FY 1985 through 1987 for the Federal Council on Aging. Directs the Secretary to issue regulations for the administration of the Older Americans Act of 1965. Prohibits the Secretary from making grants or contracts under such Act for training, research, and discretionary projects and programs until the Secretary develops and publishes general standards to be used in evaluating such projects and programs. Title III: Grants for Programs on Aging - Defines: (1) an "older individual" as any individual who is 60 or older; and (2) "multipurpose senior centers" as community facilities for the organization and provision of a broad spectrum of services, including health, social, nutritional, and educational services and facilities for recreational activities for older individuals. Authorizes funds to be appropriated for FY 1985 through 1987 for social service grants and nutrition project grants under the Older Americans Act of 1965. Requires each area agency on aging to: (1) specify annually in its area plan the amount of funds spent for each category of services in the preceding year; (2) conduct efforts to coordinate community- based, long-term care services designed to keep individuals in their homes, thereby deferring unnecessary institutionalization; (3) provide assurances that it will give particular attention in providing services to low-income minority older individuals; and (4) include minority individuals on the advisory councils which the agencies are required to establish. Requires a State's plan under such Act, in planning and operating its long-term care ombudsman program, to consider the views of area agencies on aging, older individuals, and provider agencies. Authorizes funds to be appropriated for FY 1985 through 1987 for the surplus commodity program under such Act. Provides for grants for counseling regarding appropriate health and life insurance coverage. Title IV: Training, Research, and Discretionary Programs Related to Aging - Revises provisions of the Older Americans Act of 1965 relating to training, research, and discretionary programs. Directs the Commissioner to make grants and enter into contracts for training, research, and discretionary programs related to aging in order to: (1) provide comprehensive and coordinated nondegree education, training programs, and curricula at institutions of higher education and at other educational organizations for practitioners in the fields of nutrition, health care, supportive services, housing, and long-term care; (2) provide inservice training opportunities to the personnel of State offices, area agencies, senior centers, and nutrition sites to strengthen their capacity to remain responsive to the needs of older individuals; and (3) provide courses on aging and dissemination of information about aging. Directs the Office on Aging to conduct both: (1) long-term educational activities to prepare personnel for careers in the field of aging; and (2) short-term inservice training and continuing education activities for State and area agency personnel, and other personnel, in the field of aging. Requires multidiscriplinary centers of gerontology to: (1) conduct research and policy analysis and function as a technical resource for the Commissioners, policy makers, service providers, and Congress; (2) recruit and train personnel; (3) conduct research toward the development of information related to aging; (4) stimulate the incorporation of information on aging into the teaching of biological, behavioral, and social sciences at colleges and universities; (5) develop training programs in the field of aging; (6) serve as a repository of information and knowledge on aging; (7) provide consultation to organizations servicing older individuals under provisions of this Act; and (8) provide data to the Commissioner on projects and activities for which training, research, and discretionary program funds are provided. Sets forth the purposes of research and development projects under the Older Americans Act of 1965. Directs the Commissioner to select for research assistance research activities which will, within three years of enactment of this Act: (1) contribute to the establishment and maintenance of a demographic data base which contains information on the population of older individuals; (2) identify the future needs of older individuals; (3) identify the kinds and comprehensiveness of programs required to satisfy such needs; and (4) identify the kinds and number of personnel required to carry out such programs. Authorizes making grants and contracts for projects designed to identify older individuals who suffer from Alzheimer's disease and other neurological diseases and provide family respite services and other community-based care services to such individuals. Revises provisions relating to special demonstration projects on legal services for older individuals. Directs the Commissioner to make grants and enter into contracts to: (1) provide nationwide legal services support activities to State and area agencies on aging for providing, developing, or supporting legal services for older individuals; and (2) support demonstration projects to expand or improve the delivery of legal services to older individuals with social or economic needs. Authorizes funds to be appropriated for FY 1985 through 1987 for training, research, and discretionary programs under the Older Americans Act of 1965. Directs the Commissioner to: (1) be responsible for the administration, implementation, and making of grants and contracts for such programs; and (2) annually provide a report on the expenditure of funds for such programs. Title V: Community Service Employment - Amends the Older Americans Community Service Employment Act to authorize funds to be appropriated for FY 1985 through 1987. Increases the number of part-time employment positions provided under such Act. Title VI: Grants for Indian Tribes - Decreases to 60 the number of individuals in a tribe who must have attained age 60 in order for a tribe to be eligible for a grant under the Older Americans Act of 1965. Authorizes funds to be appropriated for FY 1985 through 1987 under the Older Americans Act of 1965 for grants to Indian tribes. Title VII: Amendments to Other Laws; Effective DAtes - Sets forth conforming amendments and effective dates.

Bill· HRH.R. 5396 (98th)referred

A bill to authorize the National Committee of American Airmen Rescued by General Mihailovich to establish a monument to General Draza Mihailovich in Washington, District of Columbia, or its environs, in recognition of the role he played in saving the lives of more than 500 United States airmen in Yugoslavia during World War II.

United States · United States Congress · 9 April 1984

Authorizes the National Committee of American Airmen Rescued by General Mihailovich to establish a monument to General Draza Mihailovich in the District of Columbia, or its environs, in recognition of the role he played saving the lives of more than 500 U.S. airmen in Yugoslavia during World War II. Directs the Secretary of the Interior to select, with the approval of the National Commission of Fine Arts and the National Capital Planning Commission, a suitable site on public grounds for such memorial. Subjects the design and any plans for the memorial to the approval of the Secretary, the National Commission of Fine Arts, and the National Capital Planning Commission. Declares that no moneys belonging to the United States or the District of Columbia shall be expended for the establishment of such memorial. Directs the Secretary to permit groundbreaking for construction of the monument only after determining that sufficient funds are available for completion of the monument. Directs that the maintenance and care of the monument shall be the responsibility of the National Committee of American Airmen Rescued by General Mihailovich.

Bill· HRH.R. 5377 (98th)open

United States-Israel Free Trade Area Act

United States · United States Congress · 5 April 1984

Authorizes the President to: (1) enter into a trade agreement with Israel providing for the continuance of existing duty-free treatment of and the elimination of existing duties and other import restrictions on products of Israel; and (2) proclaim such continuances and modifications of tariff treatment of and import restrictions on such articles as necessary to carry out the trade agreement.

Bill· HRH.R. 5391 (98th)reported

Telecommunications Employees' Protection Act of 1984

United States · United States Congress · 5 April 1984

Telecommunications Employees' Protection Act of 1984 - Extends the agreement providing for the reciprocal recognition of employees' service credit by entities subject to the modified judgment of the U.S. District Court of the District of Columbia in the case of the United States v. Western Electric, et alia, to cover certain employees who change employment between such entities on or after January 1, 1985.

Bill· HRH.R. 5374 (98th)referred

Corporate Community Investment and Jobs Preservation Act of 1984

United States · United States Congress · 5 April 1984

Corporate Community Investment and Jobs Preservation Act of 1984 - Requires each corporation involved in a proposed merger to file a community impact statement if: (1) a premerger notification is required under the Clayton Act; and (2) the merger will result in a loss of jobs in any jurisdiction for more than 100 employees of an establishment of one of the corporations involved. Requires such statement to include: (1) the number of jobs to be reduced; (2) the reasons for such reduction; (3) any alternative to such reduction; (4) a plan to minimize the effects of such reduction on the remaining employees and on the local government of the affected area; (5) the nature of the business of the corporation establishment at which the reduction will occur; and (6) the economic circumstances of such corporation,including the profitability of the operation of the affected establishment and any plan for future investments, employment, and production at such establishment. Requires the statement to be submitted to the Federal Trade Commission (FTC), the Department of Justice, the employees of each corporation involved and representatives of their labor unions, and the local governments of the areas where establishments of such corporations are located on the same day that the premerger notification is filed under the Clayton Act. Directs the FTC, if it receives a request within a specified period from such a local government or from ten percent of the employees of one of the corporations, to hold public hearings on and investigate the statement to determine: (1) the economic reasons for any proposed reduction in employment; (2) the estimated economic losses to employees of the establishment where the reduction will occur, the local government having jurisdiction over such establishment, and persons in the geographic area of such establishment; and (3) recommendations of any local government, any employee labor union, or any other person respecting the proposed merger. Directs the FTC to publish a report containing the findings of the investigation and recommendations as to whether legal action should be taken to halt the merger. Amends the Internal Revenue Code to disallow a tax deduction for interest on obligations issued to finance a corporate merger that the FTC finds will adversely affect employment in any jurisdiction.