United States · United States Congress · 5 May 1982
Amends the Internal Revenue Code to provide that certain indebtedness incurred by qualified educational organizations in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.
United States · United States Congress · 5 May 1982
Water Resources Research Act of 1982 - Authorizes the Secretary of the Interior to assist the work of any water resources research and technology institute, center, or equivalent agency established in the States in accordance with this Act. States that each such institute shall: (1) have responsibility for planning, conducting, and/or arranging for competent research in relation to water resources; and (2) cooperate with other colleges and universities in the State in order to develop a statewide program designed to resolve State and regional water and related land problems. Requires each institute, prior to the receipt of funds each fiscal year, to submit to the Secretary a water research program. Permits the Secretary to make grants to each designed institute matched at specified rates by non-Federal dollars. Authorizes appropriations for such grants through FY 1987. Permits the Secretary to make additional grants to other qualified institutions and agencies of local or State government for research concerning any aspect of a water-related problem which the Secretary may deem to be in the national interest. Repeals the Water Research and Development Act of 1978. Authorizes appropriations for such additional grants and for administration of grants through FY 1987.
United States · United States Congress · 5 May 1982
Amends the Agriculture and Food Act of 1981 to authorize the Secretary of Agriculture to buy a producer's commodities (as verified by a warehouse receipt or other ownership paper) stored in a bankrupt warehouse facility.
United States · United States Congress · 5 May 1982
Declares that the President should invite the Administrator of the Small Business Administration to participate in the Cabinet Council on Economic Affairs.
United States · United States Congress · 4 May 1982
Section 6166 Technical Revision Act of 1982 - Amends the Internal Revenue Code to revise requirements for the extension of time for payment of estate tax for interests in certain closely held corporations. Includes as a qualifying interest a partnership in which the decedent owns 20 percent or more of the profits interest. Increases from 15 to 35 the number of partners allowed in a qualifying closely held business. Eliminates the distinction between voting and nonvoting stock for purposes of determining a decedent's interest in a qualifying closely held business. Includes as a qualifying interest: (1) certain nonoperating interests in minerals; (2) certain interests in notes or other debt instruments issued by a corporation and held by a decedent who had some equity interest in the corporation; and (3) certain interests in assets leased to or used by a corporation or partnership. Revises attribution rules for purposes of determining numerical shareholder limitations and percentage ownership limitations on qualifying closely held businesses. Includes in the decedent's gross estate certain items for which the marital deduction was previously allowed. Excludes certain contributions made by a decedent to a closely held business or a partnership from the valuation of an interest in a closely held business if the contribution is not used in carrying on the trade or business. Permits the aggregation of interests in two or more closely held businesses if each interest equals or exceeds five percent of the adjusted gross estate. Eliminates the acceleration of estate tax payments in the case of disposals or withdrawals of the estate's interest in the business if the proceeds are used to pay certain Federal or State death taxes and funeral and administration expenses. Sets forth special rules for the treatment of reorganizations as dispositions, withdrawals, or exchanges of a decedent's interest in a closely held business. Provides that subsequent transfers of property by reason of the death of a person who acquired the property through the decedent's estate will not accelerate payment of the tax (thereby repealing the family member limitation). Sets forth special rules in the case of buy outs and redemptions of a decedent's interest in a closely held corporation or partnership. Permits an estate to sell its stock or partnership interest to the company or to an existing owner or employee in exchange for a note without the acceleration of estate taxes. Disallows such tax deferral in the case of a limited exchange or payment of principal on such a note. Provides that a disposition of an interest in a closely held business will not result in acceleration in the case of like-kind exchanges or involuntary conversions to the extent that no gain is recognized. Prescribes penalties for the failure to make installment payments of deferred taxes within six months of the due date. Applies the four percent rate of interest on estate tax payments extended under the alternate extension of time provisions to the entire amount of the tax to be paid. Revises requirements for the deduction as an administration expense of interest on installment payments of estate taxes. Suspends the period of limitations on the making of certain assessments due to adjustments in the taxable estate in the case of extensions of time for payment of the estate taxes. Authorizes the Tax Court to issue declaratory judgments with respect to controversies involving the extension of time for payment of the estate tax. Prescribes penalties for frivolous or groundless proceedings or proceedings merely for delay. Sets forth penalties for negligence or intentional disregard of rules and regulations resulting in an underpayment of estate tax. Revises requirements for assessment or collection of deficiencies in estate tax in the case of appeals.
United States · United States Congress · 4 May 1982
Scientific and Technical Equipment Act - Amends the Internal Revenue Code to revise requirements for the deduction for corporate contributions of research equipment to certain educational institutions. Expands such deduction to allow the donation of property to a post-secondary or adult education organization which grants a one-or-two-year certificate and has occupational specific programs. Permits the contribution of property for educational training and engineering. Requires that the value of the property contributed exceed $250 and that the property be contributed not later than three years after its construction. Eliminates the requirement that the taxpayer must have constructed the property and that the property be put to its original use by the donee. Allows a tax deduction for the value of services provided under a standard service contract with a qualified organization in connection with a research and education contribution. Limits the deduction to 150 percent of the costs of the taxpayer in providing such services. Allows a nonrefundable income tax credit for ten percent of the qualified costs of sharing scientific and technical equipment with an educational or other nonprofit organization. Allows a three- year carryback and 15 year carryover of any unused credit amount.
United States · United States Congress · 4 May 1982
Scientific Research and Education Act - Amends the Internal Revenue Code to allow corporations a full income tax credit for payments to institutions of higher education and certain research organizations for basic research or scientific education (present law permits a credit for only 65 percent of expenses). Eliminates the requirement that corporations claiming a credit in subsequent years for research expenses must take into account the amount of expenses paid in previous years in computing the amount of expenses available for the credit. Includes as an organization eligible to receive payments from a corporation a post-secondary or adult education organization which grants a one- or two-year certificate and has occupational specific programs. Requires that amounts paid by corporations to educational institutions as payments for scientific education be used to pay salaries of teachers providing scientific education. Disqualifies subchapter s corporations, personal holding companies, and service organizations from eligibility for the tax credit.
United States · United States Congress · 4 May 1982
Skilled Labor Training Act - Amends the Internal Revenue Code to provide for a nonrefundable income tax credit for the payment of wages to employees participating in a skill training program approved by the Secretary of Labor. Limits the credit to 50 percent of the first $6,000 of first year wages and 25 percent of the first $6,000 of second year wages paid to such employees. Provides for a carryover and carryback of unused credit amounts. Sets forth requirements for the approval of a skilled training program, including the requirement that the Secretary of Labor certify that the occupation in which an employee is receiving training has experienced a substantial shortage of workers.
United States · United States Congress · 28 April 1982
Amends the Internal Revenue Code to extend until December 31, 1987, the authority for the targeted jobs income tax credit. Extends the credit to all cooperative education students regardless of their economic status. Disallows the credit for employees who have worked for the same employer within the last 180 days. Limits the credit claimed on any individual to $4,500.
United States · United States Congress · 28 April 1982
Private Satellite Launching Authorization Act of 1982 - Authorizes the Administrator of the Federal Aviation Administration (FAA) to issue a license for launching a space object. Sets forth the conditions for issuing a license. Makes such license nontransferable. Prohibits the launching of private space objects without such a license. Directs the Administrator to establish guidelines for the design and construction of space launch vehicles in the interest of public safety. Directs the Administrator of the National Aeronautics and Space Administration (NASA) to give technical assistance. Directs the Administrator of the FAA to establish requirements for liability insurance to be carried by any licensee. Permits the Administrator to suspend or revoke a license for failure to comply with applicable regulations. Excludes from this Act space objects launched by or on behalf of the United States Government.
United States · United States Congress · 26 April 1982
Commends Israel for completing the Israeli withdrawal from the Sinai Peninsula in accordance with the Camp David Accords. Expresses confidence that Israel and Egypt will continue normalizing relations.
United States · United States Congress · 22 April 1982
Central Intelligence Agency Retirement and Disability System Spouses' Equity Act of 1982 - Amends the Central Intelligence Agency Retirement Act of 1964 for Certain Employees to include among the persons entitled to receive annuities from the Central Intelligence Agency Retirement and Disability Fund a former spouse who was married, for at least ten years during periods of creditable service, to a Central Intelligence Agency employee entitled to such annuities (a participant). Provides that a retired participant who is married or has a former spouse who has not remarried before age 60 shall receive a reduced annuity and provide a survivor annuity for his or her spouse or former spouse. Permits a married participant and his or her spouse to elect jointly to waive a survivor annuity for such spouse or to reduce the amount of the survivor annuity. Permits a participant and his or her former spouse to elect jointly by spousal agreement to waive a survivor annuity for the former spouse if the election is made before the end of the 12-month period after the divorce or annulment involving the former spouse becomes final, or at the time of retirement, whichever occurs first. Authorizes the Director of Central Intelligence to prescribe regulations under which a participant may make such elections independently if the participant cannot discover the whereabouts of his or her spouse or former spouse. Limits the amount of the annuity for a surviving spouse in any case in which there is also a surviving former spouse of a participant. Requires that a survivor annuity which is terminated because of remarriage be restored, at the same rate, on the date such remarriage is dissolved if any lump sum paid upon termination of the annuity is returned to the fund. Prohibits the entitlement of a participant's surviving former spouse to a survivor annuity from the fund, unless the surviving former spouse elects to receive it instead of any other survivor benefits to which he or she may be entitled on the basis of another marriage. Requires a married annuitant who reverts to retired status with entitlement to a supplemental annuity pursuant to such Act to have the supplemental annuity reduced by ten percent to provide a supplemental survivor annuity for his or her spouse, unless the annuitant and his or her spouse jointly elect to the contrary at the time of reversion. Provides for such a supplemental survivor annuity in any case in which a participant has a former spouse who was married to the participant during a period of recall service and who qualifies for an annuity under this Act. Provides for the recomputation of an annuity which is reduced to provide a survivor benefit for a spouse if the participant's marriage to that spouse is dissolved. Permits a participant to elect irrevocably, within one year of a remarriage, to receive again a reduced annuity in order to provide a survivor annuity for the new spouse. Requires that such reduction be equal to the reduction in effect before the dissolution of the previous marriage. Makes such a reduction effective the first day of the first month one year after the date of the remarriage. Requires the Director, on an annual basis, to inform participants of their rights of election, and spouses and former spouses of participants of their rights, under this Act. Sets forth the rules for computation of annuities for former spouses of participants. Disqualifies a former spouse from receiving an annuity if before the commencement of that annuity the former spouse remarries before becoming 60 years of age. Provides for the commencement of an annuity for a former spouse on the later of: (1) the day the participant, upon whose service the annuity is based, becomes entitled to an annuity; or (2) the first day of the month in which the dissolution of the marriage becomes final. Provides for the termination of an annuity for a former spouse on: (1) the last day of the month before the former spouse dies or remarries before age 60; or (2) the date the participant's annuity terminates. Makes an annuity for a former spouse ineffective if it is issued more than 12 months after the dissolution of the marriage become final. Requires that a participant's annuity be reduced by the amount of the annuity paid to any former spouse. Provides that if a participant whose annuity is so reduced is recalled to service or reemployed, such person's salary shall be reduced by the same amount. Sets forth rules for the commencement and calculation of annuities for former spouses of disability annuitants. Sets forth the rules for the computation of survivor annuities for former spouses. Disqualifies a former spouse from receiving a survivor annuity if before the commencement of the annuity the former spouse remarries before becoming 60 years of age. Provides for the commencement of a survivor annuity for a former spouse on the day after the annuitant dies. Provides for its termination on the last day of the month before the former spouse's death or remarriage before age 60. Permits the restoration of a survivor annuity terminated because of remarriage on the date the remarriage is dissolved if any lump sum paid upon termination of the annuity is returned to the fund. Prohibits the adjustment by court order of the amount of a survivor annuity for a former spouse after the participant's death. Provides for the recomputation of an annuity which is reduced to provide a survivor annuity for a former spouse if the former spouse dies or remarries before age 60. Restricts the amount available for a survivor annuity for another individual once a survivor annuity has been provided for any former spouse. Permits a participant to elect, or agree to, an additional survivor annuity for other former spouses or a surviving spouse if the participant passes a physical examination. Limits the total amount of survivor annuities which a participant may provide from his or her annuity. Specifies the methods for providing survivor annuities for former spouses and spouses. Permits a participant to elect, by spousal agreement, to provide a survivor annuity for a former spouse who is not eligible for survivorship benefits under this Act. Requires the Director to make annuity payments to a former spouse according to the terms of any legally enforceable spousal agreement between, or court decree involving, the participant and that former spouse. Provides that any such payments shall bar recovery by any other person.
United States · United States Congress · 15 April 1982
Amends the Department of Agriculture Organic Act of 1944 to make the appointments (by the President) of the Chief Forester of the Forest Service and the Administrator of the Soil Conservation Service subject to the advice and consent of the Senate. Requires such persons to be knowledgeable in their respective areas.
United States · United States Congress · 15 April 1982
Expresses the sense of the Senate that the President should notify the Common Market's Council of Ministers that: (1) renegotiation of the Common Market's tariff on corn gluten feed is not in the best interests of the United States; and (2) the imposition of any trade restriction on corn gluten feed would seriously impede U.S. relations with the Common Market. Urges the President to take all other appropriate steps to protect U.S. exports of corn gluten feed.
United States · United States Congress · 14 April 1982
Independent Contractor Tax Classification and Compliance Act of 1982 - Amends the Internal Revenue Code to specify standards for determining whether certain individuals qualify as independent contractors for purposes of the tax on employment income. Treats an individual as an independent contractor if such individual: (1) controls the total number and scheduling of his work hours; (2) has no principal place of business provided rent-free by the service-receipient; (3) has substantial investment in his business (excluding vehicles) and earns income based upon sales or output rather than upon number of hours worked; and (4) performs services under a written contract and is provided written notice of his responsibilities with respect to income and self-employment taxes. Provides that the criteria established by this Act shall not be applicable to agent-drivers, commission-drivers, full-time life insurance salesmen, home workers, and traveling or city salesmen who are statutorily designated as employees for purposes of social security taxation. Sets forth special rules for: (1) contracts entered into before January 1, 1983; and (2) determining control of scheduling work hours. Provides that the failure of an individual claiming independent contractor status to meet the criteria established by this Act shall not create an inference that such an individual is an employee or that the recipient of his service is an employer. Limits the applicability of the criteria established by this Act to questions of employment status arising under the Federal Insurance Contributions Act, the Federal Unemployment Tax Act, self-employment tax provisions, and withholding requirements under the Internal Revenue Code. Requires a recipient of an independent contractor's services to file an information return disclosing payments made to such individual in excess of $600 per year. Requires persons who sell over $5,000 in consumer products to buyers on a buy-sell deposit-commission, or similar basis, to file a similar return. Requires individuals who file such information returns to furnish written statements to persons with respect to whom such information is reported which indicate the amount of payment reported. Provides penalties for failure to furnish information returns or statements. Requires the payment of a surcharge for multiple violations. Requires the withholding of tax on certain persons where the identifying number is incorrect or missing on any return filed by a service-recipient. Sets forth effective dates and transitional rules for provisions of this Act.
United States · United States Congress · 1 April 1982
Amends the Internal Revenue Code to exempt from gross income any income, gains, or other amounts derived by an eligible foreign pension plan from qualified investments in residential real property within the United States. Defines "eligible foreign pension plan" as a plan: (1) maintained primarily to provide retirement or similar benefits to employees who are primarily nonresident alien individuals; (2) whose assets are segregated from the assets of the employer maintaining the plan; and (3) that is tax exempt in the country in which the plan is maintained.
United States · United States Congress · 1 April 1982
Amends the Internal Revenue Code to set forth special temporary rules for the taxation of life insurance companies for 1982 and 1983. Revises provisions relating to policies reinsured under modified coinsurance contracts. Specifies that prescribed policy and other contract liability requirements shall not include interest payable after enactment of this Act by a reinsured to a reinsurer in connection with a coinsurance contract. Revises the method of computing the tax deductions for: (1) dividends to policyholders; (2) certain nonparticipating contracts; and (3) certain accident, health insurance, and group life insurance plans. Revises the method of determining adjusted life insurance reserves. Revises the method of computing the policyholder's shared investment yield, life insurance company taxable income, and net capital gain for companies filing consolidated returns. Specifies that the above method shall not apply to certain contract computation in effect before 1982. States that the determination for taxable years before 1982 as to whether a contract is a coinsurance contract shall be made solely by reference to the terms of the contract.
United States · United States Congress · 1 April 1982
Expands the membership of the Advisory Commission on Intergovernmental Relations to include three elected school board officials from different States.
United States · United States Congress · 1 April 1982
Establishes U.S. policy concerning commercial food exports. Declares that there should be no interruptions in exports unless there is a general embargo in circumstances that justify the united support of the free world.
United States · United States Congress · 31 March 1982
Federal-Aid Highway Act of 1982 - Title I: Federal-Aid Highway Amendments of 1982 - Amends the Federal-Aid Highway Act of 1956 to revise the authorization of appropriations for fiscal years 1984 through 1990 for the Interstate Highway System. Directs the Secretary of Transportation to apportion, for FY 1984, the sums authorized to be appropriated for expenditures on the National System of Interstate and Defense Highways according to specified factors. Authorizes appropriations out of the Highway Trust Fund for fiscal years 1983 through 1986 for: (1) the Federal-aid primary program; (2) the Federal-aid rural program; (3) the Federal-aid urban program; (4) forest highways; (5) public lands highways; (6) bridge replacement and rehabilitation; and (7) highway safety improvements. Prohibits any State from receiving less than one-half of one percent of the total apportionment for the Interstate System for each of fiscal years 1984 through 1987. Revises apportionments for the highway bridge replacement and rehabilitation program. Directs the Secretary to develop a selection process for discretionary bridges according to certain criteria. Revises the apportionment ratio for resurfacing, restoring, rehabilitating, and reconstructing the Interstate System. Directs the Secretary to report to Congress on the distribution of Federal financial assistance for such activities. Amends the Federal-Aid Highway Act of 1978 to extend the authorization of appropriations from FY 1983 through 1987 for resurfacing, restoring, rehabilitating, and reconstructing specified lanes on the Interstate System. Authorizes appropriations, out of the Highway Trust Fund, for fiscal years 1983 through 1986 for substitute highway and mass transit projects. Repeals provisions concerning priority primary routes. Revises procedures concerning the Federal-aid urban and rural programs. Directs the Secretary, in cooperation with the States, to establish a highway safety improvement program for projects on public roads including: (1) specified highway safety improvement projects; (2) railway-highway crossing projects; (3) highway-related safety requirements and guidelines; and (4) evaluation of the highway safety improvement program. Sets forth procedures for the implementation of such program. Revises the highway bridge replacement and rehabilitation program. Revises provisions concerning the Federal lands highways program including forest highways and park roads. Repeals provisions concerning: (1) economic growth center development highways; (2) the national scenic and recreational highway; (3) access highways to certain public recreation areas; and (4) highway crossings. Directs the Secretary to expend such sums as are necessary (up to 100 percent of costs) for carpool and vanpool projects. Authorizes the Secretary to approve financial assistance for acquisition or construction of preferential parking facilities for carpools. Prohibits the use of emergency relief funds for the repair or reconstruction of certain bridges that have been permanently closed to vehicular traffic. Requires that emergency relief funds be appropriated from the Highway Trust Fund. Revises the Federal share payable for emergency repairs or reconstruction. Allows Federal-aid highway projects to include nonconstruction programs or projects which enhance the safety and use of bicycles. Increases to 100 percent the Federal share for bicycle transportation and pedestrian walkway projects. Amends the Federal-Aid Highway Act of 1973 to allow limited truck traffic on the Highland Scenic Highway in West Virginia. Allows States to transfer funds allocated for a particular urbanized area to another such area. Authorizes the Secretary to discharge any of his responsibilities relative to the physical construction phase of Interstate projects using established certification acceptance procedures. Eliminates the requirement for the Secretary to make a final inspection of each such project. Requires defense access roads to be funded from monies appropriated for defense maneuvers and exercises. Authorizes the Secretary, if after 90 days following notification of a State highway department a project is still not being properly maintained, to withhold project funds for one or more of the other Federal-aid systems or programs in the State. (Presently the Secretary is required to withhold funds from all projects in the State.) Requires each State on January 1 of each year to certify to the Secretary that it has a program for the Interstate Highway System in accordance with the Secretary's guidelines. Combines highway planning and research funds into a single fund for administration by the Secretary. Establishes the Federal share for any project financed by such fund. Requires provisions of equal employment opportunities for highway projects without regard to sex. Authorizes the Secretary to conduct and finance training and assistance programs for minority business enterprises. Directs the Secretary to enter into agreements with other Federal agencies to minimize duplication, paperwork, and delays in the development of Federal highway projects. Limits the Federal share to 75 percent for Federal-aid rural and urban programs approved prior to enactment of the Federal-Aid Highway Improvement Act of 1981, and to 50 percent for any such programs approved after enactment. Sets forth limitations on obligations and State allocations for Federal-aid highways and highway safety construction programs for FY 1983. Repeals two laws relative to the State of Maryland's authority to construct, operate, and maintain certain bridges. Authorizes the State, through the Maryland Transportation Authority, to continue to collect tolls and use the revenues for transportation projects in accordance with State laws and applicable Federal laws. Requires the Secretary to carry out a project to demonstrate the feasibility of reducing the time required to complete highway projects by extending the coverage of State certifications to any Federal law, regulation, or policy applicable to such project. Authorizes appropriations from the Highway Trust Fund for such project. Requires the Secretary to submit a recommendation report to Congress within six months of the project's completion. Allows the State of Alaska to expend Federal-aid highway funds on portions of an Alaskan highway that extends into Canada. Repeals the Territorial Highway Program. Amends the Surface Transportation Assistance Act of 1978 to repeal the acceleration of bridge projects program. Title II: Highway Revenue Act of 1982 - Amends the Internal Revenue Code of 1954 to extend from 1984 through 1989 the highway excise taxes allocated to the Highway Trust Fund. Makes funds available for expenditure from the fund until October 1, 1990. Amends the Land and Water Conservation Fund Act of 1965 to conform to provisions of this Act. Amends the Internal Revenue Code of 1954 relative to the tax on use of certain motor vehicles to allow the Secretary of the Treasury to establish the beginning of a tax year or taxable period.
United States · United States Congress · 31 March 1982
Title I: Emergency Homeownership Program - Emergency Homeownership Act of 1982 - Amends the National Housing Act to activate the emergency housing market stimulation program to: (1) direct the Secretary of Housing and Urban Development to provide periodic mortgage assistance payments to homeowners; and (2) authorize the Secretary to insure assisted mortgages. Extends, until March 31, 1983, the Secretary's authority to enter into such assistance contracts and to insure such mortgages. Requires such contracts to provide for assistance payments for up to five years. Directs the Secretary to continue assistance payments to mortgagors who remain eligible after a contract expires to the extent that funds remain in a revolving fund containing recaptured assistance payments and unexpended appropriations under such program. Increases the maximum family income (from 130 to 140 percent of the area median income) over which a mortgagor is disqualified from assistance payments. Allows the Secretary to raise such area median income ceiling to 145 percent when necessary. Limits the maximum amount of assistance payments to the lesser of: (1) the balance of the mortgagor's monthly payment for principal, interest, and mortgage insurance after applying 25 percent of the mortgagor's income; and (2) the difference between the maximum interest rate on a FHA mortgage and an interest rate four percentage points lower than such maximum rate, but not less than ten percent. Specifies the limit on assistance payments for loans on manufactured homes. Permits up to 30 percent of the mortgages assisted under such program to involve homes constructed before April 1, 1982. Requires that the remaining assisted mortgages involve homes the construction of which began on or after such date. Increases the maximum sales price of a home eligible for such mortgage insurance and assistance payments to 100 percent (currently 82 percent) of the maximum principal obligation of a FHA mortgage. Authorizes the Secretary to increase such maximum sales price to 105 percent when necessary in certain areas. Directs the Secretary to consider the unemployment rate in various regions of the country when allocating assistance under the emergency market stimulation program. Authorizes appropriations for such program. Authorizes the Secretary to advance downpayment assistance, matching up to $5,000 of a family's available funds, on a newly constructed home that is financed by a loan not insured under the National Housing Act. Authorizes the Secretary to provide downpayment assistance to families: (1) whose income do not exceed 140 percent of the area median income; (2) who certify that they lack sufficient funds to purchase a home without such assistance; and (3) who have not owned a home in the preceding three years. Provides for the recapture of downpayment assistance plus interest upon the disposition of the home or when the owner rents the home for more than one year. Authorizes appropriations for downpayment assistance. Title II: Homeowners' Relief - Emergency Homeowners' Relief Act of 1982 - Directs the Secretary to make emergency mortgage relief advances for certain mortgagors when, for three consecutive months, the amount of delinquent mortgage loans exceeds a specified percentage of the amount of all mortgage loans accounted for in the mortgage delinquency series maintained by the Federal Home Loan Bank Board (FHLBB). Directs the Secretary to provide such emergency advances in States within a FHLBB district if such mortgage delinquency condition exists for that district, even if such condition does not exist for the nation. Directs the FHLBB to submit delinquency information to the Secretary and Congress monthly. Provides for the discontinuation and resumption of the emergency advances program depending on the mortgage delinquency condition. Lists the eligibility conditions for emergency advances, including requirements that: (1) foreclosure would result without such assistance; (2) the mortgagor has suffered a loss of income as a result of involuntary unemployment or underemployment due to adverse economic conditions; and (3) there is a reasonable prospect that the mortgagor will be able to resume full mortgage payments. Limits the amount of emergency advances to the least of: (1) 80 percent of the total monthly mortgage payment; (2) $600; or (3) the amount necessary to supplement the amount the homeowner is capable of contributing. Limits the duration of emergency advances to 12 months plus any period of delinquency, with a six-month extension permitted. Declares that emergency advances shall be repayable on terms prescribed by the Secretary. Sets forth the authority of the Secretary to recapture emergency advances. Requires the Secretary and specified agencies to: (1) waive or relax limitations pertaining to the operations of certain mortgagees and financial institutions with respect to mortgage delinquencies in order to encourage forbearance in residential mortgage loan foreclosure; and (2) request such institutions to notify the appropriate agency and the mortgagor of least 30 days before instituting foreclosure proceedings on a mortgage. Authorizes appropriations to carry out this title.
United States · United States Congress · 31 March 1982
Expresses the sense of the Senate that the President should resume negotiations with the Soviet Union to extend the duration of the existing long-term grain sales agreement and to require the Soviet Union to purchase a minimum amount of grain annually at a level not less than the level required by the existing agreement.
United States · United States Congress · 30 March 1982
Endangered Species Act Amendments of 1982 - Amends the Endangered Species Act of 1973 to add the term "experimental population" to the definitions. Defines such term as a population of an endangered or threatened species that: (1) has been transported and released outside of the current range of the species to further its conservation; and (2) is wholly separate geographically from nonexperimental populations of the species. Provides for the treatment of experimental populations as threatened species. Requires the Secretary (either the Secretary of the Interior or the Secretary of Commerce, as program responsibilities are vested) to issue protective regulations for such species. Increases the limit on the Federal share of costs of conservation programs for endangered and threatened species developed by States pursuant to cooperative agreements between the States and the Secretary. Prohibits the Secretary of the Interior from making less restrictive the regulations applicable to any threatened species over which program responsibilities are vested in the Secretary of Commerce without a prior favorable determination by the Secretary of Commerce. Requires the Secretary, to the maximum extent prudent and determinable, to designate the critical habitat of any endangered or threatened species concurrent with the determination of the status and the listing of the species. Deletes the requirement that the Secretary conduct a review of the status of a species before making a determination of whether the species is endangered or threatened. Requires the Secretary to review regularly the status of all species identified as in danger of extinction and determine whether to propose such such species for listing as endangered or threatened. Provides that upon receipt of a petition to add a species to, or remove a species from, the endangered or threatened species list, the Secretary shall determine and publish a finding whether the petition presents substantial scientific information that such addition or removal is warranted, in addition to conducting and publishing a review of the status of the species as required under current law. Revises the notice requirements with respect to the proposal by the Secretary of regulations relating to the determination of the status and listing of endangered or threatened species. Eliminates the review board established to consider Federal agency and permit or license applicants' applications for exemptions for agency actions likely to jeopardize endangered or threatened species or their habitats. Provides for the Secretary to review, and report to the Endangered Species Committee on, such exemption applications in place of the review board. Reduces from 60 days to 20 days the time available to make the initial determination concerning the exemption applicant's eligibility for the exemption. Reduces from 180 days to 150 days the time period within which the Secretary must complete a report on: (1) the availability of alternatives to the agency action involved; (2) the evidence as to whether the action is in the public interest or is of national or regional significance; (3) appropriate reasonable mitigation and enhancement measures which should be considered; and (4) whether the Federal agency involved and the exemption applicant refrained from making irreversible or irretrievable commitments of resources prohibited by the Endangered Species Act of 1973. Reduces from 90 days to 30 days the time within which the Committee must determine whether to grant an exemption after receiving the Secretary's report. Prohibits the Committee from granting an exemption for an agency action if the Federal agency or the exemption applicant made an irreversible or irretrievable commitment of resources prohibited by such Act. Provides that when an agency, a permit or license applicant, and the Secretary agree to extend the consultation period for determining whether an agency action is likely to jeopardize an endangered or threatened species or its habitat, the Secretary shall specify the information required to complete the consultation and the date on which the biological opinion will be completed. Provides that in addition to exempted agency actions, activities within the scope of an agency action which will promote the conservation of a listed species or critical habitat or which will not jeopardize a listed species or critical habitat shall not be considered a taking of any endangered or threatened species. Requires the Secretary to determine on the basis of the best available biological information derived from reliable wildlife management practices: (1) whether the export or introduction of any specimen of a species included in appendix II of the Convention on International Trade in Endangered Species of Wild Fauna and Flora will be detrimental to the survival of that species; and (2) whether the export of such specimens should be limited. Provides that the Secretary shall not be required to use population estimates in making such determinations when such estimates are not the best available biological information derived from reliable wildlife managment practices. Authorizes the Attorney General to seek to enjoin any person alleged to be in violation of the Endangered Species Act of 1973. Authorizes appropriations for FY 1983 through 1985 to carry out the Endangered Species Act of 1973.
United States · United States Congress · 30 March 1982
Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from amassing nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.
United States · United States Congress · 30 March 1982
Expresses the sense of the Senate that preventive child and maternal health care programs should be adequately funded to ensure their continued effectiveness.
United States · United States Congress · 24 March 1982
Amends the Clean Water Act to declare that "discharge of a pollutant or pollutants" does not include effects upon water quality resulting solely from the impoundment of waters, or the release of impounded waters, or the methods of such release.
United States · United States Congress · 24 March 1982
Amends the Internal Revenue Code to authorize the Secretary of the Treasury to prescribe regulations exempting retirees or individuals over age 65 from interest penalties with respect to any underpayment of estimated tax. Requires that such underpayment be due to reasonable cause (defined to include mistake or ignorance of the law) and not to willful neglect.
United States · United States Congress · 18 March 1982
States that it is the policy of the United States to prohibit the manufacture, sale, interstate shipment, and use of steel-jaw, leghold traps in the United States. Prohibits the shipment in interstate or foreign commerce and the import of fur or leather products from animals trapped in any State or foreign country which has not banned steel-jaw, leghold traps. Requires the Secretary of Commerce to keep a list of foreign countries which have not banned such traps. Sets forth penalties for: (1) the shipment of fur or leather products prohibited by this Act; and (2) the shipment of steel-jaw, leghold traps in interstate or foreign commerce.
United States · United States Congress · 18 March 1982
Expresses the sense of the Senate that the President should: (1) work with the Board of Governors of the Federal Reserve System to reduce the interest rates for farmers; (2) take specified emergency actions to stabilize commodity prices and provide credit assistance to farmers; and (3) nominate persons for the Board of Governors of the Federal Reserve System who will insure that agricultural interests are fairly represented.
United States · United States Congress · 17 March 1982
Artist's Tax Equity and Donation Act of 1982 - Amends the Internal Revenue Code to allow an income tax deduction for the current fair market value of a literary, musical, or artistic composition created by the taxpayer and contributed to a charitable organization. Disallows a fair market value deduction for a contribution of property which was produced while the taxpayer was a Government officer or employee if such property arose out of the performance of the taxpayer's duties.
United States · United States Congress · 17 March 1982
Multilateral Trade Agreements Enforcement Act - Amends the Trade Act of 1974 to require the interagency trade organization established pursuant to the Trade Expansion Act of 1962 to analyze the policies and practices of foreign countries to determine whether the policies or practices: (1) do not comply with a trade agreement; or (2) unjustifiably or discriminatorily restrict U.S. commerce. Directs the organization to estimate the extent of the restrictions. Lists factors the organization should consider in analyzing a foreign country's trade policies and practices, including measures the United States might take to offset or mitigate such restrictions. Directs the organization to report to the President and the appropriate congressional committees. Directs the United States Trade Representative (USTR) to consider the national trade estimates made by the interagency trade organization and to determine whether international dispute resolution is likely to reduce the trade restrictions identified in the trade estimates. Sets forth the manner in which the USTR shall conduct an investigation if the USTR determines that international dispute resolution is likely to reduce trade restrictions. Requires the USTR to keep certain business information obtained in such an investigation confidential. Authorizes the President to enter into supplemental trade negotiations to reduce tariff or nontariff barriers if the President determines that: (1) existing duties or import restrictions unduly restrict trade in any product; (2) the United States has a reasonable opportunity to expand U.S. foreign trade with respect to such products; and (3) at the time of the determination there is substantial probability of export growth and that the imports of such product are relatively low in value. Authorizes the President, in connection with such supplemental negotiations, to: (1) modify U.S. international obligations with respect to such products; (2) terminate any proclamation made under the Trade Act of 1974 with respect to such products; (3) proclaim increases or decreases in the U.S. tariffs for such products within specified limitations; and (4) renew concessions on tariffs made under this authority. Authorizes the President to compensate countries adversely affected by modifications made under the supplemental trade agreements authorized by this Act. Sets forth the public notice and consultation requirements for actions taken in connection with the supplemental trade negotiations. Requires an increase in U.S. exports of products with respect to which tariffs are increased under this Act. Declares that if such exports do not increase the tariffs shall be lowered.
United States · United States Congress · 15 March 1982
Expresses the sense of the Senate that no action be taken to terminate or otherwise weaken the community service employment program for senior citizens under title V of the Older Americans Act of 1965.
![Official portrait of Sen. Bentsen, Lloyd M. [D-TX]](https://www.congress.gov/img/member/b000401_200.jpg)