United States · United States Congress · 15 July 1982
Expresses the support of the Congress for beginning strategic arms reductions talks. Urges the Soviet Union to join with the United States in concluding an equitable and verifiable agreement which freezes strategic nuclear forces at equal and substantially reduced levels. Reaffirms congressional support for the position that the United States should not enter into an arms agreement which provides for force levels inferior to those of the Soviet Union. Declares that the United States should propose practical measures to: (1) reduce the danger of accidental nuclear war; (2) prevent the use of nuclear weapons by third parties, including terrorists; and (3) halt the worldwide proliferation of nuclear weapons. Insists that any arms control agreement must be fully verifiable.
United States · United States Congress · 26 May 1982
Handicapped Infants Protection Act of 1982 - Amends the Child Abuse Prevention and Treatment Act to require the National Center on Child Abuse and Neglect to conduct a study of child abuse or neglect in federally assisted or operated health care facilities. Directs the Secretary of Health and Human Services to: (1) report the results of this study to the Congress within three months; and (2) give priority to information about adoption and foster care of handicapped infants. Prohibits doctors or other health care facility personnel from withholding nutrition or medical treatment from a handicapped infant. Provides a private right of action for violations of this Act. States that any punitive damage awards shall be used for the benefit of the infant involved in the suit, or if deceased, for research and treatment of handicapped infants. Directs the Center to establish and disseminate violations reporting procedures. Provides civil and criminal immunity and job protection for persons reporting such violations. Requires health care facilities to provide parents or guardians of handicapped infants with information about agency assistance for these infants.
United States · United States Congress · 25 May 1982
Constitutional Amendment - Declares that nothing in the Constitution shall be construed to prohibit prayer in public schools or institutions. States that no person shall be required by the United States or any State to participate in prayer.
United States · United States Congress · 11 May 1982
Authorizes the Administrator of Veterans' Affairs to provide that: (1) nurses employed at a Veterans Administration facility who work two regularly scheduled 12-hour tours of duty within a weekend shall be considered to have worked a full workweek and be paid as specified; or (2) such nurses who work on a tour of duty any part of which falls on a weekend may be paid additional pay (not to exceed 25 percent of the hourly rate). Extends from September 30, 1982, to September 30, 1983, the authority of the Administrator to contract for hospital care or medical services in Puerto Rico and the Virgin Islands without reference to patient loads or incidence of provision of medical services for veterans treated by the Veterans' Administration in the contiguous 48 States.
United States · United States Congress · 6 May 1982
Single-Family Housing Production Act of 1982 - Directs the Secretary of Housing and Urban Development to enter into contracts to make periodic assistance payments to mortgagees and other lenders on behalf of homeowners (including owners of manufactured homes and condominium units) with incomes of up to 130 percent of the median area income. Terminates such authority of the Secretary on September 30, 1982. Directs the Secretary to give priority to assisting persons who have not owned a home within the last three years. Sets ceilings for: (1) the total amount of payments made under such contracts each year; and (2) the total amount obligated during the life of such contracts. Permits payments to be made only to a homeowner who satisfies requirements for creditworthiness and who is: (1) a mortgagor under a mortgage which is eligible for assistance under this Act; or (2) the original owner of a new, federally-insured, manufactured home. Provides for payments on behalf of such a homeowner only for as long as the homeowner occupies the property, unless the mortgage has been assigned to the Secretary. Limits the amount of such assistance payments to the amount required to lower the mortgagor's monthly mortgage payments to the payments that would be required if the mortgage were to bear interest at the greater rate of: (1) nine and one-half percent (ten percent if the mortgagor's income exceeds 115 percent of median area income); or (2) a rate six percentage points less than specified in the mortgage (four percentage points if the mortgagor's income exceeds 115 percent of median area income). Requires that a mortgagor pay at least 25 percent of his or her income toward the monthly mortgage payments. Limits the duration of assistance payments to seven years (five years if the mortgagor's income exceeds 115 percent of median area income). Establishes a fund into which recaptured or unused assistance shall be deposited and from which the Secretary may provide continued assistance to a mortgagor who is unable to assume full mortgage payments after regular assistance payments end. Limits the number of manufactured homes assisted under this Act to 20 percent of the total number of assisted units. Includes among conditions a mortgage must meet for the mortgagor to qualify for assistance under this Act the requirements that a mortgage: (1) be secured by a newly constructed single-family dwelling that meets energy conservation standards prescribed by the Secretary; (2) permit prepayment without penalty; (3) have a fixed rate of interest; and (4) be executed by a mortgagor who paid at least three percent of the Secretary's estimate of the cost of acquisition. Directs the Secretary to develop a system for allocating assistance under this Act among the various regions of the country on the basis of such factors as population, relative decline in building permits, and the need for increased housing production. Directs the Secretary to recapture the lesser of the amount of assistance provided under this Act or an amount equal to 50 percent of the net appreciation of the property whenever the mortgagor sells the property or rents it for a period exceeding one year. Requires the Secretary to adopt procedures for annual recertification of a homeowner's income for the purpose of adjusting assistance payments.
United States · United States Congress · 5 May 1982
Authorizes the Administrator of Veterans' Affairs to provide that: (1) nurses employed at a Veterans Administration facility who work two regularly scheduled 12-hour tours of duty within a weekend shall be considered to have worked a full workweek and be paid as specified; or (2) such nurses who work on a tour of duty any part of which falls on a weekend may be paid additional pay (not to exceed 25 percent of the hourly rate).
United States · United States Congress · 29 April 1982
Humane Care and Development of Substitutes for Animals in Research Act - Title I: Development of Improved Testing Methods - Authorizes the Secretary of Health and Human Services to make grants and contract awards to sponsor research and development of scientific research, experimentation, and testing methods which reduce the number of live animals required and limit animal pain and distress. Requires that applications and proposals for such grants and awards be assessed through peer review procedures and approved by the Secretary. Provides for review of each application and proposal by a special Advisory Panel to the Secretary comprised of recognized experts in various scientific fields. Requires the Advisory Panel to make recommendations to the Secretary with respect to research support of nonanimal testing. Authorizes appropriations to make such grants for FY 1983 through 1985. Provides that the Secretary shall direct the National Institutes of Health, the Food and Drug Administration, and the national toxicology program and shall consult with the Environmental Protection Agency and other regulatory and scientific research agencies to: (1) promote new nonanimal research, experimentation, and testing methods; (2) evaluate existing nonanimal methods; and (3) develop new methodologies for the toxicology data systems. Requires the Secretary to report to the Speaker of the House of Representatives and the President of the Senate on progress under this Act within two years after enactment of this Act. Title II: Federal Research Grant Requirements - Requires that a research entity be accredited by a recognized accrediting agency in order to be eligible for a Federal grant for research, experimentation, or testing involving the use of animals. Requires the Secretary to designate as accrediting agencies those agencies which: (1) are able to ascertain the qualifications of research entities to conduct research, experimentation, or testing involving animals; (2) have an accreditation system; and (3) have a system for routine inspection of laboratory animal facilities at accredited research entities. Provides that in order to be eligible for a Federal grant for research, experimentation, or testing involving the use of animals, a research agency must also provide to the agency responsible a statement of assurances that: (1) the research agency has established an institutional animal care committee; (2) the committee will make periodic inspections of all animal facilities of the research entity, review research protocols and practices, and file with the responsible Federal agency certification that such inspections and reviews have occurred; (3) the committee will maintain complete records of its activities; (4) each committee member will be responsible for notifying the Animal and Plant Health Inspection Service of the Department of Agriculture, the responsible Federal agency, and the applicable accrediting agency of any seriously deficient animal care conditions with respect to the research entity; and (5) the committee will establish courses for personnel involved with animal care and use on humane animal maintenance and experimentation and on research or testing methods that minimize animal use and animal distress. Requires that Federal support be withheld where animal care conditions have been neglected despite notification to the research entity. Authorizes the Secretary to waive certification requirements under certain circumstances. Directs the Secretary to facilitate agency compliance with this title through the establishment of an information clearinghouse on animal research methods and models. Authorizes appropriations in FY 1983 to assist non-Federal research entities in improving animal care facilities in order to reach initial compliance with accreditation requirements. Title III: Special Procedures - Prohibits Federal agency approval of a research proposal involving animal use unless such proposal provides for the consulting services of a veterinarian and the proper use of tranquilizers, analgesics, and anaesthetics where necessary and justifies any anticipated animal suffering in terms of research benefits.
United States · United States Congress · 29 April 1982
Amends the Housing Act of 1949 to extend through FY 1983 and 1984 the authority of the Secretary of Agriculture to make and insure loans under the Farmers Home Administration's rural housing program. Sets ceilings on the funds available for FY 1983 for: (1) advances by the Secretary to farm owners to pay taxes, insurance, and other expenses with respect to their property; (2) insured loans for housing for domestic farm labor; and (3) loans to provide housing for low and moderate income persons. Authorizes appropriations for FY 1983 and 1984 for: (1) loans and grants for repairs or improvements of rural dwellings; (2) payments from the Rural Housing Insurance Fund for expenses related to construction defects of new housing purchased with financial assistance under the rural housing program; (3) notes and obligations for making direct loans under such program; (4) financial assistance to provide low-rent housing for domestic farm labor; and (5) low-income housing assistance. Extends from September 30, 1982, to September 30, 1984, the Secretary's authority to insure loans: (1) to provide rental or cooperative housing for elderly, handicapped, and moderate income persons in rural areas; and (2) for housing and buildings on adequate farms. Provides for a reduction in the rent subsidies the Secretary is required to provide to owners of multifamily housing projects in rural areas by increasing the portion of a tenant's income which the tenant may pay in rent from 25 to 30 percent. Authorizes appropriations for FY 1983 and 1984 for such rent subsidy program. Repeals restrictions on rent increases in housing projects receiving other forms of assistance under the rural housing program.
United States · United States Congress · 27 April 1982
Directs the Secretary of Transportation to make grants to States which adopt and implement programs to reduce traffic safety problems resulting from persons driving while under the influence of alcohol. Limits the receipt of such grants to three fiscal years and sets forth the Federal share payable for each successive year. Requires the Secretary to establish criteria for the grants based on areas of consideration provided under this Act. Authorizes appropriations from the Highway Trust Fund for fiscal years 1983 through 1985. Directs the Secretary to issue regulations to implement such traffic safety programs after a period for public comment. Sets the effective date of such regulations, unless they are disapproved by either House of Congress.
United States · United States Congress · 29 March 1982
Authorizes the President to designate April 4, 1982, as the National Day of Reflection. Notes that such date coincides with the 80th birthday of Rabbi Menachem Mendel Schneerson, head of the Lubavitch movement.
United States · United States Congress · 25 March 1982
Amends the Internal Revenue Code to revise requirements for the tax exclusion of interest on mortgage subsidy bonds. Revises the arbitrage requirements to increase the amount by which interest rates on tax-exempt mortgage subsidy bonds may exceed the interest rates on mortgages financed with such bonds. Increases the amount by which the acquisition cost of a residence financed with such bonds may exceed the average area purchase price. Revises residency requirements for mortgagors. Allows first-time home buyers a nonrefundable income tax credit for nine percent of the purchase price of a principal residence, up to $5,400. Requires a recapture of such credit if the taxpayer disposes of the property within three years of the purchase. Allows a three-year carryback of such credit. Limits such credit to the purchases of a residence between March 26 and December 31, 1982.
United States · United States Congress · 16 March 1982
Extends for one year the authority of the Administrator of Veterans' Affairs to contract for hospital care or medical services in Puerto Rico and the Virgin Islands without reference to patient loads or incidence of provision of medical services for veterans treated by the Veterans' Administration in the contiguous 48 states.
United States · United States Congress · 16 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 15 March 1982
Family Housing Production Act of 1982 - Requires the Secretary of Housing and Urban Development, through the Government National Mortgage Association, to enter into five-year contracts to provide periodic assistance payments on behalf of homeowners to mortgagees and other lenders. Directs the Secretary to give priority to assisting persons who have not owned a home within the last three years. Permits payments to be made only to a mortgagor who satisfies requirements for creditworthiness and has a family income not exceeding 140 percent of the area median income and who: (1) is the original owner of a manufactured home the loan for which is incurred under the National Housing Act; or (2) has a fixed-rate 30-year mortgage which is secured by a home built after enactment of this Act, has no prepayment penalty, and requires increased payments beginning with the second year which shall be applied to the principal obligation until it is paid off. Limits the amount of assistance payments to the difference between the amount of the monthly payment for principal, interest, and loan insurance under the first year of the loan and the amount the monthly payment for principal and interest would be if the interest rate on the loan were: (1) ten percent (12 percent for a manufactured home); or (2) four percentage points less than the rate specified in the loan, whichever rate is higher. Requires that the mortgagor pay at least 25 percent of his or her income toward the monthly loan payment. Declares that manufactured homes shall comprise not more than 20 percent of the units assisted under this Act. Directs the Secretary to allocate the amount available to carry out this Act on the basis of the population, decline in housing starts, and unemployment rate in each State relative to all States. Directs the Secretary to recapture the lesser of the amount of assistance provided under this Act or an amount equal to 50 percent of the net appreciation of the property whenever the mortgagor sells the property or rents it for a period exceeding one year. Authorizes the Secretary to insure mortgages assisted under this Act.
United States · United States Congress · 15 March 1982
Reaffirms that deposits, up to the statutorily prescribed amount, in federally insured depository institutions are backed by the full faith and credit of the United States.
United States · United States Congress · 24 February 1982
Expresses the sense of the House of Representatives that the Federal Energy Regulatory Commission should take no action to accelerate the decontrol of wellhead natural gas prices.
United States · United States Congress · 10 February 1982
Defense Industrial Base Revitalization Act - Amends the Defense Production Act of 1950 to direct the President to take immediate action to assist in the modernization of industries related to defense. Limits such assistance to small and medium-sized businesses unless national security requires otherwise. Directs the Secretary of Defense to determine immediately and semiannually which industries should be given priority and the type of assistance which would be most helpful. Directs the President to assist persons expanding the domestic capability to produce or process critical and strategic materials. Sets forth the terms of such assistance, including qualification through public solicitation and the President's right to refuse delivery of items exceeding market price. Authorizes appropriations for FY 1983-1987. Permits the President to utilize the borrowing authority of the Treasury as specified and to use unobligated funds in Department of Defense appropriations. Directs the President to implement a national program to train workers in skills necessary in key defense industries. Makes such assistance available through State vocational education programs in States with previously approved plans for a five-year program of skills training. Requires the States to make contributions to such program in specified percentages to qualify for extensions of such program. Authorizes appropriations for FY 1983-1987 for such purpose. Directs the President to implement a grant program to assist institutions of higher education in obtaining and installing modern equipment to train scientific and technical personnel needed in the key industries. Sets forth the terms of such assistance, including application procedures, limits on grants, and the requirement that such equipment be purchased through competitive bidding. Requires such equipment to be of U.S. origin. Authorizes appropriations for such purpose for FY 1983-1987. Directs the Comptroller General to monitor this program and submit an annual report to Congress. Requires each executive department and agency to follow the principle of geographical dispersal to the degree possible in constructing any Government-owned industrial facility. Directs such departments and agencies to continuously assess the capability of the defense industrial base to satisfy near-term and increased mobilization production requirements. Increases the maximum obligation of any guaranteeing agency for loans necessary to prevent personal insolvency or bankruptcy that would impede the production and delivery of materials or the performance of services for the national defense. Decreases from 60 to 30 days the period during which the appropriate committees of Congress must be notified of certain proposed loans before automatic approval. Permits such loans to be made immediately if both Houses adopt a concurrent resolution of approval. Extends to September 30, 1987, the termination date of certain provisions of the Defense Production Act of 1950, including certain priorities, allocations, and expansion of productive capacity and supply provisions. Repeals the National Commission on Supplies and Shortages Act of 1974.
United States · United States Congress · 2 February 1982
Extends congratulations from the Congress to the Italian Government and its antiterrorist police forces for the successful rescue of Brigadier General James L. Dozier. Extends to General Dozier and his family best wishes for a quick recovery and return to normal life.
United States · United States Congress · 11 December 1981
Amends the Omnibus Budget Reconciliation Act of 1981 to extend by five months (until September 30, 1982) the period within which an individual must have become a full-time student at a postsecondary educational institution in order to receive, after July 1982, child's insurance benefits on the basis of student status under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act. Extends by one year (through August 1986) the period during which such benefits may be paid to an individual so qualified.
United States · United States Congress · 8 December 1981
Fair Practices in Automotive Products Act - Title I: Domestic Content Requirements for Motor Vehicles - Sets forth for all motor vehicle manufacturers which produce over 100,000 motor vehicles for ultimate retail sale in the United States "minimum domestic content ratios" (the domestic value, including labor and parts, of the manufacturer's production costs of all automotive products sold in the United States). Requires all vehicle manufacturers producing more than 50,000 motor vehicles for sale in the United States to provide information to the Secretary of Transportation for the purpose of administering this requirement. Authorizes the imposition of import restrictions on manufacturers violating such standards. Title II: Unfair and Deceptive Practices by Vehicle Manufacturers - Defines as an unfair method of competition and deceptive act or practice under the Federal Trade Commission Act the refusal of any vehicle manufacturer to determine whether parts produced in the United States by a parts manufacturer satisfy reasonable replacement part standards established by the vehicle manufacturer. Grants the Federal Trade Commission rulemaking authority to administer this title.
United States · United States Congress · 17 November 1981
Amends the Internal Revenue Code to revise requirements for the tax deferral of amounts received under variable annuity contracts. Permits the use of an independent investment manager of such annuities. Allows the like-kind exchange of one annuity contract for another. Provides that the tax treatment of any payment made by a contract holder on or before September 25, 1981, shall be determined without regard to Revenue Ruling 81-225 (disallowing tax deferral of amounts received under certain variable annuity contracts).
United States · United States Congress · 10 November 1981
National Petroleum Supply Evaluation Act of 1981 - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy, in consultation with others, to investigate the impacts of acquisitions of domestic petroleum companies by major international concerns and to report to Congress concerning such investigation by May 1, 1982. Requires the investigation to evaluate the effect of such acquisition on the exploration, development, production, refining, transportation, distribution, and marketing of domestic petroleum supplies. Prohibits any major international energy concern from acquiring more than five percent of any domestic petroleum company between October 1, 1981, and June 30, 1982.
United States · United States Congress · 29 October 1981
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. Prohibits the Congress from requiring that the States engage in additional activities without compensation equal to the additional costs. 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.
United States · United States Congress · 27 October 1981
Designates that section of the Baltimore-Washington Parkway within the State of Maryland as the Gladys Noon Spellman Parkway. Directs the Secretary of the Interior, in cooperation with the State of Maryland, to erect an appropriate marker commemorating the contributions of Gladys Noon Spellman. Authorizes appropriations.
United States · United States Congress · 26 October 1981
Authorizes the President to present, on behalf of the Congress, a specially struck gold medal to Queen Beatrix of the Netherlands in recognition of the bicentennial anniversary of diplomatic and trade relations between the Netherlands and the United States. Authorizes the Secretary of the Treasury to coin and sell bronze duplicates of such medal. Authorizes appropriations.
United States · United States Congress · 20 October 1981
Bankruptcy Improvements Act of 1981 - Amends title 11 of the United States Code (Bankruptcy) to establish an eligibility test for liquidation bankruptcy relief based on the individual petitioner's ability to pay a reasonable portion of his debts out of future income. Permits the court to dismiss a bankruptcy case under chapter 7 (liquidation) upon the motion of any party in interest filed not later than 30 days after the meeting of creditors, and after notice and a hearing, if the debtor is ineligible for relief under such title. Requires the bankruptcy judge to preside at any meeting of creditors and to perform such additional judicial duties any may be required. Declares that the value of the creditor's interest in the estate's interest in such property shall be determined in light of the purpose of the valuation and of the proposed disposition or use of such property, and in conjunction with any hearing on such disposition or use or on a plan affecting such creditor's interest. Declares that the value of consumer goods which the debtor seeks to redeem in liquidation shall be presumed to be the established resale market price, if such market exists. Requires the debtor in bankruptcy cases to file a statement of income and expenses. Requires the debtor, if the debtor's schedule of assets and liabilities includes consumer debts which are secured by property of the estate, to file and serve upon each creditor holding such security and the trustee, a statement expressing the debtor's intention with respect to retention or surrender of the collateral. Requires the debtor, at or before the meeting of creditors provided for by such title, to perform his intention with regard to such secured creditors. Repeals the provisions concerning exempt property and makes the States responsible for establishing exemptions to bankruptcy proceedings. Makes any debt which was incurred on or within 90 days before the date of the filing of a petition under such title nondischargeable. Allows creditors to enforce liens which have not been voided in bankruptcy. Permits reaffirmation of consumer debts subject to the debtor's right to rescind any such agreement within 60 days or until a discharge is received, whichever occurs later, by giving a written notice of rescission to the creditor. Declares that at the meeting of creditors the court shall inform the debtor of the nature and effect of a discharge. Eliminates the trustee's power to avoid liens or recover payments made within 90 days of filing petition in bankruptcy (within one year in the case of an insider) unless the creditor had reasonable cause to believe the debtor was insolvent. Permits the court, upon notice and hearing, to require a creditor to accept payments in redemption of the value of a claim secured by a nonpossessory, nonpurchase money security interest in tangible personal property, over a reasonable period not to exceed five years, if such tangible personal property consists of specified objects. Allows a creditor, upon 10 days notice to the debtor and codebtor, to collect any portion of a debt from the codebtor which is not being paid by the debtor through the adjustment of debts of such debtor with a regular income. Requires payments under an adjustment of debts payment plan to commence at the time of the filing of the plan. Provides for the return of such funds after deducting the costs of administration if no plan is confirmed. Provides for the separate classification of co-debtor claims and non-dischargeable claims and authorizes payment of them under an adjustment of debts payment plan. Allows a debtor to choose such a repayment plan of up to five years. Bases such repayment upon the debtor's ability to repay out of future income after taking into account the basic living necessities for the debtor and dependents. Provides for an early discharge of debts where at least 70 percent of all allowed unsecured claims are paid. Permits a hardship discharge of otherwise non-dischargeable debts to the extent the debtor attempted to pay such debts under an adjustment of debts payment plan.
United States · United States Congress · 25 September 1981
Deposit Insurance Flexibility Act - Amends the Federal Deposit Insurance Act to permit the Federal Deposit Insurance Corporation, whenever severe financial conditions exist which threaten the stability of a significant number of insured banks, to make loans to, purchase the assets of, or make deposits in any insured bank if it is probable such action will substantially reduce the risk of loss or avert a threatened loss to the Corporation. Permits the Corporation to make loans to an insured bank to reduce the risk of loss or avert a threatened loss to the Corporation. Permits the Corporation, whenever a State chartered insurance mutual savings bank converts into a Federal stock savings bank or merges with or is acquired by a Federal stock savings bank, to provide reasonable indemnification to the Federal Savings and Loan Insurance Corporation. Includes any lending costs for the calendar year within the definition of the net assessment income of the Corporation. Amends the Bank Holding Company Act of 1956 to permit the Board of Governors of the Federal Reserve to waive certain notice and hearing requirements concerning interests in nonbanking organizations if the Board finds that an emergency exists. Includes within the definitions of "thrift institution" a Federal stock savings bank or savings and loan association organized under the Home Owners' Loan Act. Permits a bank holding company, as a result of a transaction to be accomplished under the Federal Deposit Insurance Act, to acquire shares or assets of another bank located outside of the State in which the operations of such bank holding company's subsidiaries located. Amends the Home Owners' Loan Act to permit the Federal Home Loan Bank Board to: (1) authorize (or in the case of a Federal association, require) the conversion, on an equitable basis, of a mutual savings and loan association or mutual savings bank into a Federal stock savings and loan association or Federal stock savings bank; or (2) charter a Federal stock savings and loan association or Federal stock savings bank to acquire the assets of or merge with such a mutual institution. Amends the National Housing Act to permit the Federal Savings and Loan Insurance Corporation, when severe financial conditions exist which threaten the stability of a significant number of insured institutions, to make loans to, make deposits in, purchase the assets or securities or to assume the liabilities of, or to make a contribution to, such insured institution. Authorizes the Corporation, in the event that a Federal savings and loan association is in default, to organize a new Federal association to take over its assets. Permits an insured institution that is eligible for assistance under the National Housing Act, during severe financial conditions, to merge or consolidate with, or to transfer its assets and liabilities to, any other insured institution. Amends the Federal Home Loan Bank Act to suspend temporarily, during severe financial conditions, the requirement that a portion of net earnings be set aside semiannually by each Federal Home Loan Bank and permit each such bank to declare and pay dividends out of undivided profits. Amends the National Housing Act to prohibit interest on loans from the Federal Home Loan Banks from being less than their current marginal cost of funds. Limits the borrowing authority of the Federal Savings and Loan Insurance Corporation for the purposes of insuring loans. Permits the Corporation, in times of extraordinary financial conditions, to terminate distribution of shares of the secondary reserve and utilize such reserve on the same basis as the primary reserve. Amends the Federal Credit Union Act to authorize the National Credit Union Share Insurance Fund to borrow from the National Credit Union Administration Central Liquidity Facility if such loan is required at any time for carrying out the purposes of such Act. Allows the merger or consolidation of an insured credit union which is insolvent or is in danger of insolvency with any other insured credit union. Authorizes the National Credit Union Administration Central Liquidity Facility to advance funds to the National Credit Union Share Insurance Fund. Amends the Federal Deposit Insurance Act to permit the Federal Deposit Insurance Corporation, whenever an insured bank is closed and the Corporation is appointed receiver, to sell assets of the closed bank to and arrange for the assumption of the liabilities of the closed bank by an insured depository institution located in the same state but owned by an out-of-State bank or bank holding company.
United States · United States Congress · 23 September 1981
Amends the Tariff Schedules of the United States to revise the tariff treatment of various articles. Excludes from the tariff on canned tuna any tuna produced by insular possessions. Reduces and sets a schedule for further reducing the duty on ceramic insulators used in spark plugs for internal combustion engines. Repeals the temporary reduction of the duty on ceramic insulators having a specified alumina oxide content and used in spark plugs. Schedules reductions in the duty on chipper knife steel between 1982 and 1986. Repeals the temporary tariff reduction on such steel. Makes permanent the duty-free treatment of Yankee dryer cylinders. Exempts from duty aircraft components and materials contained in an aircraft which was: (1) previously exported from the United States; (2) composed, at the time of its exportation, of components and materials made and installed in the United States; (3) returned to the United States without having been improved; and (4) entered for use in the United States before 1970. Extends duty-free treatment to pipe organ parts and ceramic toy tea sets. Increases the value limitations for duty-free importations of articles: (1) accompanying a U.S. resident returning from a country other than a U.S. possession; and (2) whether or not accompanying a person coming directly or indirectly from a U.S. possession. Amends the Tariff Act of 1930 to increase the value limitations for duty-free importations of gifts from U.S. possessions and from other countries. Amends the Tariff Schedules of the United States to exempt importers of prayer shawls and religious headwear from the prohibition against commercial enterprises importing religious articles. Extends duty-free treatment to prayer shawls, bags for the shawls, and religious headwear. Increases the value limitations of informal entries of imported merchandise. Suspends the duty on: (1) carob flour until December 31, 1984; (2) 4-chloro-3-methylphenol until June 30, 1984; and (3) tartaric acid and certain tartaric chemicals until June 30, 1984; and (4) certain freight containers until December 31, 1986. Makes the suspension of duty on the tartaric acid and chemicals retroactive to June 30, 1980, if such treatment is requested within a specified time. Extends the suspension of duty on: (1) wood excelsior until June 30, 1983; and (2) doxorubicin hydrochloride until June 29, 1988. Extends duty free treatment to copper waste and scrap and copper articles if the market price of copper is 51 cents per pound or more. Extends duty-free treatment to certain other metal waste and scrap. Sets forth the method of determining the market price of copper.
![Official portrait of Rep. Wylie, Chalmers P. [R-OH-15]](https://www.congress.gov/img/member/w000781_200.jpg)