The world's political record
Person
![Official portrait of Sen. Cranston, Alan [D-CA]](https://www.congress.gov/img/member/c000877_200.jpg)
United States · Official source
4,407 records where Sen. Cranston, Alan [D-CA] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 8 April 1981
Requests the President to designate August 13, 1981, as "National Blinded Veterans Recognition Day."
United States · United States Congress · 8 April 1981
Requests the President to designate May 6, 1981, as "National Nursing Home Residents Day."
United States · United States Congress · 8 April 1981
Declares it to be the sense of the Senate that U.S. representatives to the World Health Assembly in May 1981 should vote in favor of the "International Code of Marketing of Breastmilk Substitutes" and that American and other countries' infant formula industries should comply with such code.
United States · United States Congress · 7 April 1981
Small Business Innovation Research Act of 1981 - Amends the Small Business Act to direct the Small Business Administration (SBA) to: (1) maintain an information program to provide small businesses an opportunity to participate in Federal small business innovation research (SBIR) programs; (2) coordinate a schedule for release of agency SBIR solicitations and prepare a master release schedule; (3) monitor SBIR programs within Federal agencies; and (4) report annually to the Congressional Small Business Committees on the SBIR programs. Requires each Federal agency with a research and development budget in excess of $100,000,000 in fiscal year 1982 or any subsequent fiscal year to spend a specified percentage of its budget in connection with an SBIR program. Requires each Federal agency with a research and development budget in excess of $20,000,000 for fiscal year 1982 or any subsequent fiscal year to establish specific goals for funding research and development agreements with small businesses. Directs each Federal agency with an SBIR program to report annually to the SBA the number of awards over $10,000 in amount made under the SBIR program and to concerns other than small business concerns. Directs the Administrator of the Office of Federal Procurement Policy, in conjunction with the SBA, to promulgate regulations for the conduct of the SBIR programs. States that this Act does not authorize the appropriation of funds.
United States · United States Congress · 7 April 1981
Voting Rights Act Amendments of 1981 - Amends the Voting Rights Act of 1965 to extend from August 6, 1982, to August 6, 1992: (1) the time period during which jurisdictions covered by the triggering mechanism must not have used a test or device to deny the right to vote on account of race in order to be released from coverage; and (2) the time period during which changes in voting laws must be precleared with the Federal Government. Extends the bilingual election requirements from August 6, 1985, to August 6, 1992. Restates the prohibition against denying the right to vote based on race to prohibit any State from imposing voting practices "in a manner which results in a denial or abridgement" of the right to vote.
United States · United States Congress · 7 April 1981
Authorizes the Secretary of the Army, acting through the Chief of Engineers, to construct a flood control project on Redbank and Fancher Creeks, California.
United States · United States Congress · 7 April 1981
Requests the President to designate April 9, 1981, as "African Refugee Relief Day."
United States · United States Congress · 2 April 1981
El Salvador Assistance Act of 1981 - Authorizes the obligation of funds for military and economic assistance under specified Federal laws for El Salvador only if prior to each such grant of assistance the President certifies to the Speaker of the House of Representatives and the Senate Foreign Relations Committee that El Salvador's Government: (1) is not engaged in consistently violating internationally recognized human rights; (2) has achieved substantial control over its armed forces; (3) is making progress in implementing essential economic and political reforms; (4) is committed to holding free elections; and (5) has demonstrated its willingness to negotiate a political resolution of the conflict. Directs the President, if such certification is not made or if such certification is made but does not take effect, to: (1) suspend specified military assistance and military education and training for El Salvador; (2) withhold approvals for use of certain credits and guarantees for El Salvador; (3) suspend deliveries of certain defense articles, defense services, and design and construction services; and (4) withdraw all U.S. armed forces performing specified functions from El Salvador. Prohibits such certification from taking effect until 30 days after Congress receives the certification. Requires it to take effect only if Congress does not adopt a concurrent resolution objecting to the provision of military assistance to El Salvador. Prohibits the President from making such certification until the President certifies that El Salvador's Government has made good faith efforts to investigate the murders of six U.S. citizens in El Salvador and to bring those responsible for the murders to justice. Includes the drawdown of defense articles or services in an unforeseen military emergency within the obligation of funds for military assistance which can be made only after such certification. Prohibits the waiver of such certification requirement.
United States · United States Congress · 2 April 1981
Competitive Export Financing Act of 1981 - Amends the Export-Import Bank Act of 1945 to direct the Export-Import Bank to adopt export finance programs comparable in structure to those extraordinary measures of official export credits offered by competing countries, until such financing is limited by international agreements. Authorizes appropriations for such programs. Requires the Bank to report annually to Congress on whether any additional funds are necessary to carry out this Act. Sets the effective date of this Act.
United States · United States Congress · 2 April 1981
Authorizes the Palo Verde Irrigation District, California, to utilize the Palo Verde Irrigation District Diversion Dam for generation of electric power.
United States · United States Congress · 2 April 1981
Commends Secret Service Agents Timothy McCarthy and Jerry Parr and Metropolitan Police Officer Thomas Delahanty for their performance in the line of duty with respect to the assassination attempt on the life of the President of the United States.
United States · United States Congress · 1 April 1981
Requests the President to designate the week of May 3 through May 9, 1981, as "National Physical Fitness and Sports for All Week."
United States · United States Congress · 31 March 1981
Amends the Internal Revenue Code to remove the age limitation for the eligibility of Vietnam-era veterans for the targeted jobs credit.
United States · United States Congress · 30 March 1981
Designates the square dance as the national folk dance of the United States.
United States · United States Congress · 26 March 1981
Requests the President to designate the week of February 7 through 13, 1982, as "National Scleroderma Week."
United States · United States Congress · 23 March 1981
Requests the President to designate September 6, 1981, as "Working Mothers' Day."
United States · United States Congress · 19 March 1981
Lacey Act Amendments of 1981 - Repeals provisions of Federal law prohibiting commerce in wildlife and fish (the Lacey and Black Bass Acts). Sets forth prohibitions against trade in any fish or wildlife taken or possed in violation of Federal, Indian tribal, State, or foreign law. Adds a new prohibition against trade in plants which are subject to State conservation of species laws. Increases the maximum civil penalties for violations to $10,000 (currently, $5,000 under the Lacey Act and $200 under the Black Bass Act). Establishes a strict liability penalty of up to $250 for transporting fish or wildlife in violation of the labeling requirements. Increases the maximum criminal penalties to a $20,000 fine and/or five years' imprisonment (currently, $10,000 and/or one year under the Lacey Act and $200 and/or three months' imprisonment). Stipulates that a conviction under this Act shall require only proof that the defendant knew there was conduct in violation of the underlying law, treaty, or regulation. Subjects all fish, wildlife, or plants traded in violation of this Act to forfeiture to the United States, regardless of the culpability requirements for civil penalties or criminal prosecution. Stipulates that vehicles and equipment shall be subject to such forfeiture only if the owner or conductor was a consenting party to the illegal act. Authorizes the Secretaries of the Treasury, the Interior, Commerce, and Transportation to utilize by agreement the personnel and facilities of any Federal or State agency or Indian tribe to enforce this Act. Permits any person authorized to enforce this Act to carry firearms, make an arrest without a warrant on reasonable grounds, execute and serve warrants, detain and inspect a vehicle or package upon entering or prior to leaving the United States, or hold a seized item pending the disposition of proceedings. Directs that, beginning in fiscal year 1982, the Secretaries of the Interior, the Treasury, or Commerce shall pay rewards to persons who furnish information leading to a conviction, assessment, or forfeiture for violations of this Act. Directs the Secretaries of the Interior and Commerce to promulgate jointly regulations to implement the labeling requirements of this Act (governing packages containing fish or wildlife in interstate or foreign commerce) in accordance with existing commercial practices. Grants jurisdiction to the Federal district courts for actions arising under this Act. Transfers from the Secretary of the Treasury to prescribe requirements and issue permits for the importation of wild animals and birds under humane and healthful conditions. Amends the Endangered Species Act of 1973 to direct the payment of rewards for information leading to a conviction, assessment or forfeiture (currently, such payments are discretionary).
United States · United States Congress · 19 March 1981
Amends the Internal Revenue Code to revise the definition of "producer" for purposes of the windfall profit tax, to assign to parties cost recovery oil (amounts of crude oil used for reimbursement, pursuant to any agreement with another party, for oil or gas development costs) in accordance with their interest in net profits. Excludes from gross income and treats as paid, for purposes of the net income limitation on windfall profit, cost recovery oil covered by such an agreement.
United States · United States Congress · 19 March 1981
Requests the President to designate July 17, 1981, as "National P.O.W.-M.I.A. Recognition Day."
United States · United States Congress · 18 March 1981
Title I: Export Trading Companies - Export Trading Company Act of 1981 - Directs the Secretary of Commerce to promote export trading companies by providing information and by facilitating contacts between producers of exportable goods and export trading companies. Authorizes any banking organization to invest specified amounts in export trading companies upon notifying, but without obtaining the prior approval of, the appropriate Federal banking agency, if such investment does not cause an export trading company to become a subsidiary of such organization. Allows greater investment by Edge Act Corporations not engaged in banking. Permits any banking organization to invest beyond such limitations with prior approval of the appropriate Federal banking agency. Requires prior notification of such agencies in specified circumstances. Sets forth further limitations on export trading companies and investments by banking organizations. Specifies factors to be taken into consideration by the banking agencies. Permits such agencies to impose conditions in approving applications to invest in export trading companies. Requires such agencies to report to the appropriate Congressional committees with their recommendations concerning implementation of this Act, related changes in U.S. law, and effects of ownership of U.S. banks by foreign banking organizations. Authorizes the appropriate Federal banking agency to exempt from specified requirements of the Federal Reserve Act any loan or extension of credit made by a national or State bank to an export trading company affiliate if such exemption is necessary to finance an affiliated export trading company and does not expose the bank to undue financial risks. Provides for judicial review of denial orders in the appropriate U.S. Court of Appeals. Sets forth the grounds for disapproval. Provides for a remand for further consideration by the banking agency. Directs the Economic Development Administration and the Small Business Administration to give special weight to export-related benefits when considering applications for loans and guarantees by export trading companies. Authorizes up to $10,000,000 to be appropriated for initial investments and operating expenses for each of fiscal years 1982-1986. Directs the Export-Import Bank of the United States to provide loan guarantees for expansion to export trading companies or exporters when adequate financing is not otherwise available. Requires such loan guarantees to be secured by accounts receivable or inventories. Directs the Board of Directors to try to insure that a major share of such guarantees promotes exports from small, medium-size, and minority businesses or agricultural concerns. Authorizes the Secretary to make grants to subsidize the employment of export managers by small business manufacturing firms which have not previously been substantial exporters. Limits such grants to the lesser of: (1) 50 percent of the expenses related to employing a full-time export manager for one year; or (2) $40,000. Sets forth the requirements for an application by a firm for such grant and the factors the Secretary shall consider in making such grants. Authorizes appropriations for each of fiscal years 1982-1984 to carry out this grant program. Directs the Secretary to evaluate this program and to submit such evaluation and any recommendation to Congress by a specified date. Title II: Export Trade Association - Export Trade Association Act of 1981 - Amends the Webb-Pomerene Act to exempt the trade, activities and methods of operation of certified export trade associations and export trading companies from the antitrust laws. Delays the effectiveness of any certificate upon the notification of the Secretary of Commerce by the Attorney General or the Federal Trade Commission (FTC) of disagreement with the decision to issue a certificate. Sets forth the procedure to be followed by any association or export trading company seeking certification under this Act and by the Secretary in issuing such certificates. Permits automatic certification for existing associations. Provides for appeal of the Secretary's denial of certification. Requires firms to report changes in membership, export trade activities, or methods of operation to the Secretary and to apply for an amendment of their certificates. Directs the Secretary to revoke a firm's certificate if it does not comply with the requirements for an antitrust exemption or to amend such certificate so that it does comply with such requirements. Authorizes the Attorney General or the FTC to bring an action to invalidate certification. Provides for judicial review of such actions. Requires the Secretary, in consultation with the Attorney General and the FTC, to publish certification guidelines. Requires certified associations and export trading companies to submit annual reports to the Secretary. Directs the Secretary to establish within the Department of Commerce an Office of Export Trade. Requires such Office to report annually to the appropriate Congressional committees on all East-West trade transactions requiring validated licenses and on the role of U.S. export trading companies in such trade. Requires, with specified exceptions, that all applications for certification be kept confidential. Authorizes the Secretary to require an association or trading company to modify its operation to be consistent with international obligations of the United States. Directs the President to appoint, with the Senate's advice and consent, a task force, seven years after enactment, to examine the effect of this Act and to make recommendations. Makes the amendments of the Webb-Pomerene Act set forth in this Act effective with regard to existing associations only at such time as such associations elected to be certified.
United States · United States Congress · 17 March 1981
Requests the President to designate February of each year as "American History Month."
United States · United States Congress · 17 March 1981
Commends Joseph Rosenthal for his distinguished career as a photographer.
United States · United States Congress · 12 March 1981
Beverage Container Reuse and Recycling Act - Prohibits the sale of carbonated beverages in containers unless such containers carry a refund value of not less than five cents. Requires that retailers and distributors pay the amount of the affixed refund value on brands of beverages bought and sold by such retailers or distributors. Preempts inconsistent State and local law. Prohibits States from imposing any tax on the collection or return of refund values established by this Act. Prohibits distributors and retailers from selling beverages in metal beverage containers with detachable openings. Imposes penalties of up to $1,000 for violation of the provisions of this Act. Directs the Administrator of the Environmental Protection Agency to monitor the rate of reuse and recycling of beverage containers. Directs the Administrator to report to Congress at specified intervals on the impact of this Act on: (1) conservation of energy and material resources; (2) resource recovery and the reduction of solid waste and litter; and (3) the economy. Directs the Administrator to consult with the Secretary of Labor on assisting individuals whose employment may be adversely affected by this Act.
United States · United States Congress · 12 March 1981
Amends the Internal Revenue Code to exempt from the windfall profit tax certain rights of States to payments under the Mineral Lands Leasing Act. Revises the definition of "severance tax," for purposes of calculating windfall profit, to: (1) include any severance tax imposed by an Indian tribe; and (2) allow the determination of such tax on an ad valorem basis. Revises the definition of "producer," for purposes of the windfall profit tax, to assign to States and instrumentalities thereof cost recovery oil (amounts of crude oil used for reimbursement, pursuant to any agreement with another party, for oil or gas development costs) in accordance with their proportion in net profits. Excludes from gross income and treats as paid by the governmental entity, for purposes of the net income limitation on windfall profit, cost recovery oil covered by such an agreement.
United States · United States Congress · 12 March 1981
Requests the President to designate May 21, 1981, as "United States Tennis Association Day."
United States · United States Congress · 10 March 1981
Designates the Department of Commerce Building in the District of Columbia as the Herbert Clark Hoover Department of Commerce Building.
United States · United States Congress · 10 March 1981
Prohibits the Federal Trade Commission or any administrative law judge from issuing antitrust decisions, findings, or cease-and-desist orders in concentrated market structure or shared monopoly proceedings until Congress establishes and defines the elements of such a violation. Declares that this Act shall apply to any proceeding pending on March 10, 1981. Vacates any decision or order issued in such proceeding before the enactment of this Act.
United States · United States Congress · 10 March 1981
Ex-Prisoners of War Benefits Improvements Act of 1981 - Makes prisoners of war (POW's) with the disease of psychosis manifest to a degree of ten percent eligible for wartime disability benefits whenever such disease occurs (presently such psychosis must have occurred within two years of separation from service). Directs the Administrator of Veterans' Affairs to develop guidelines for resolving claims for compensation of veterans who are former POW's. Requires the Administrator to consult with the Advisory Committee on Former Prisoners of War when developing such guidelines and to report to the appropriate committees of Congress on such guidelines within a specified period. Directs the Administrator to appoint the Advisory Committee on Former Prisoners of War to consult with him on the administration of benefits to former POW's. Requires that such committee include former POW's of World War II, the Korean War, and the Vietnamese conflict and individuals who are recognized authorities in specified fields of medicine. Requires the Committee to report biennially to the Administrator on the programs and activities of the Veterans' Administration pertaining to former POW's and assessing the compensation, health-care, and rehabilitation needs of such veterans. Directs the Administrator to include such reports in each annual report submitted to Congress.
United States · United States Congress · 10 March 1981
Amends title XIX (Medicaid) of the Social Security Act to provide medical assistance to: (1) any woman whose resources do not exceed specified limitations, for care and services provided during pregnancy and during the 60 day period beginning on the last day of such pregnancy; and (2) any child born as a result of such pregnancy, until the end of such 60 day period.
United States · United States Congress · 5 March 1981
Veterans' Administration Health Care Amendments of 1981 - Entitles the United States to recover the costs of certain medical care and services furnished to a veteran for a non-service-connected disability when such disability is covered by another form of insurance or compensation. Sets forth the formula and procedure for the United States' recovery against the insurer or other entity. Subrogates the United States to the rights of such veteran. Extends for one year the period during which funds appropriated for the establishment of a new State medical school may be expended. Amends the Veterans Health Programs Extension and Improvement Act of 1979 to permit the expansion of the scope of the epidemiological study of the health effects of Agent Orange to include an evaluation of the long term adverse health effects in humans serving in the armed forces of the United States in Vietnam during the Vietnamese conflict or other factors involved in such service, including exposure to other herbicides, chemicals, medications, or environmental hazards or conditions. Permits the Administrator of Veterans' Affairs to expand the scope of the literature analysis and review to include an analysis and review of the literature covering other studies relating to the effects of such factors. Directs the Administrator to prescribe regulations establishing guidelines, standards, and criteria for resolving claims for benefits based on exposure to Agent Orange and such other factors during such conflict.
United States · United States Congress · 5 March 1981
Export of Hazardous Wastes Control Act of 1981 - Amends the Export Administration Act of 1979 to permit the export of hazardous wastes from the United States only pursuant to a validated export license. Authorizes the Secretary of Commerce to issue a license only: (1) after consultation with specified Federal officials; and (2) if the Secretary is satisfied that the importing country's government has been fully informed about, and agrees to, the shipment. Makes such conditions applicable to all exports of hazardous wastes. Directs the Secretary to list annually for Congress: (1) hazardous wastes for which validated export licenses are required; (2) the number and type of applications received for the export of such wastes; and (3) hazardous wastes for which export licenses were granted.
United States · United States Congress · 5 March 1981
Disapproves the proposed deferral of budget authority (deferral no. 81-70) to carry out the congregate services program under the Housing Community Development Amendments of 1978, as transmitted by the President to the Congress on February 17, 1981, pursuant to the Impoundment Control Act of 1974.
United States · United States Congress · 3 March 1981
Amends the Communications Act of 1934 to prohibit the manufacture, importation, installation, offer to sell, rent, or lease, or other distribution of telephone receivers or similar equipment manufactured after the date of enactment of this Act for use in connection with any interstate or foreign communication, unless such receiver or equipment is designed and manufactured to permit telephone reception by means of hearing aids with inductive receptors.
United States · United States Congress · 27 February 1981
Amends the Internal Revenue Code, with respect to the manufacturer's excise tax on sporting goods, to exclude from the definition of "artificial bait" any substance which contains 85 percent or more, by weight, plant or animal material which can be ingested by fish.
United States · United States Congress · 26 February 1981
Requests the President to designate the first Friday of March as "Teacher Day, United States of America."
United States · United States Congress · 24 February 1981
Sudden Infant Death Syndrome Amendments of 1981 - Amends title XI (Genetic Diseases, Hemophilia Programs, and Sudden Infant Death Syndrome) of the Public Health Service Act to extend funding authorizations for the sudden infant death program through fiscal year 1984.
United States · United States Congress · 24 February 1981
Child Abuse Prevention and Treatment and Adoption Opportunities Amendments of 1981 - Amends the Child Abuse Prevention and Treatment Act to extend through fiscal year 1986 the authorizations of appropriations for the child abuse prevention and treatment program and for centers to treat problems relating to sexual abuse of children. Continues provisions for earmarking such funds through fiscal year 1986. Requires that a State, in order to receive assistance under such Act, have in effect a State law which provides protection from adverse job actions for persons reporting instances of child abuse and neglect occurring in public or private residential institutions. Amends the Child Abuse Prevention and Treatment and Adoption Reform Act of 1978 to declare that title II of such Act may be cited as the "Adoption Opportunities Act of 1978." Extends the authorization of appropriations under such Act for the adoption reform program through fiscal year 1986.
United States · United States Congress · 24 February 1981
Amends the Internal Revenue Code to allow the Administrator of Veterans' Affairs to further disclose a taxpayer's mailing address previously disclosed to an officer or employee of the Veterans' Administration: (1) in a judicial proceeding regarding the collection or compromise of a claim under the Federal Claims Collection Act of 1966; (2) to employees of Federal agencies to which such a claim has been referred; (3) to a Veterans' Administration contractor for the purpose of obtaining information with respect to a debtor's location or which is necessary for collection of such a claim; or (4) to a consumer reporting agency. Authorizes the Secretary of the Treasury, upon written request of the Administrator, to disclose to the Administrator the mailing address of any taxpayer for use in conducting evaluations of veterans' benefits programs. Permits further disclosure by the Administrator of a mailing address to a Veterans' Administration contractor for such purpose.
United States · United States Congress · 20 February 1981
Provides that a named individual shall be held and considered not to have lost his status as a citizen of the United States.
United States · United States Congress · 19 February 1981
Amends the Agricultural Adjustment Act to subject imported grapes to the same regulation as to grade, size, quality, or maturity as table grapes which are made subject to a marketing order regulating such items.
United States · United States Congress · 19 February 1981
Reinstates and validates certain numbered United States oil and gas leases.
United States · United States Congress · 19 February 1981
Amends the Internal Revenue Code to provide homebuilders with an income tax credit for the construction of residences which incorporate a passive solar energy system. Directs the Secretary of the Treasury, after consultation with the Secretaries of Energy and Housing and Urban Development, to prescribe regulations setting forth a solar construction credit table for purposes of determining the amount of the credit for which the incorporator of the solar energy system is eligible. Limits the dollar amount of such credit to $2,000. Defines "passive solar energy system" as a system which contains a solar collection area, an absorber, a storage mass, a heat distribution method, and heat regulation devices. Requires such system to be installed in a new residence after September 30, 1981 and before January 1, 1987.
United States · United States Congress · 17 February 1981
Expresses the sense of the Senate that the United States will cease to participate in the activities of, or make support payments to, the United Nations General Assembly or any other U.N. body which rejects the credentials of the Israeli delegation.
United States · United States Congress · 16 February 1981
Amends the Internal Revenue Code to provide that the amount of the charitable deduction allowable for motor vehicle expenses will be determined in the same manner Federal employees determine reimbursement for business use of their vehicles.
United States · United States Congress · 16 February 1981
Amends the Internal Revenue Code to revise the definition of "specially defined energy property" for purposes of the investment tax credit.
United States · United States Congress · 6 February 1981
State Set-aside Act of 1981 - Directs the Secretary of Energy to promulgate regulations establishing a State set-aside system for propane, middle distillates, motor gasoline, residual fuel oil, and aviation fuels Sets State set-aside levels.
United States · United States Congress · 6 February 1981
Vietnam-Era Veterans' Readjustment Amendments of 1981 - Extends the eligibility of Vietnam-era veterans for counseling and related mental health services through September 30, 1983. Permits specified exceptions to such limitation. Excludes alcohol or drug abuse from willful misconduct for purposes of the education benefits delimiting period. Extends such period through September 30, 1983, for veterans pursuing an apprenticeship, vocational objective, or secondary education course. Prohibits the approval of an exclusively flight training program of education under such extension. Extends the veterans readjustment appointment program through September 30, 1983.
United States · United States Congress · 6 February 1981
Prisoners of War Health-Care Benefits Act of 1981 - Authorizes the Administrator of Veterans' Affairs to establish an advisory committee to assess new medical and other information on former prisoners of war (POW's). Requires that such committee include former POW's of World War II, the Korean conflict, and the Vietnam era and individuals who are recognized authorities in certain fields of medicine. Directs the committee to submit a biennial report to the Administrator on its activities. Makes POW's with the disease of psychosis manifest to a degree of ten percent presumably eligible for wartime disability benefits (presently such psychosis must have occurred within two years of separation from service). Entitles POW's of not less than 60 days during World War I, World War II, the Korean conflict, or the Vietnam era eligible for hospital, nursing home, and domiciliary care benefits. Directs the Administrator to prescribe regulations and furnish medical services for any disability on an outpatient or ambulatory basis to such POW's. Includes veterans held in captive status due to the seizure of the United States Embassy in Iran among those veterans eligible for educational assistance.
United States · United States Congress · 6 February 1981
Farmland Protection Policy Act - Defines "agricultural land" as any land (including crop, pasture, range, or forest lands) being used or capable of being used for agriculture, forestry, or timber production. Requires each Federal agency or other unit to: (1) develop procedures within 60 days for identifying the effects of its programs regarding the conversion of agricultural land to nonagricultural uses; (2) review within 90 days relevant administrative and legal provisions which may prevent such unit from acting to mitigate losses of such land; and (3) develop within 120 days appropriate administrative and legislative proposals.
United States · United States Congress · 6 February 1981
Capital Gains Rollover Account Act of 1981 - Amends the Internal Revenue Code to exclude from the gross income of an individual amounts contributed to a rollover account meeting the requirements of this Act. Defines such rollover account as a trust created or organized in the United States for the exclusive benefit of an individual or his beneficiaries which: (1) accepts only cash or stock or securities of a domestic corporation contributed by such individual; (2) has as its trustee a bank or a person approved by the Secretary of the Treasury; (3) invests trust funds in stock or securities of a domestic corporation or holds them in interest-bearing bank deposits; (4) makes the interest of the individual nonforfeitable in the balance of such rollover account; and (5) permits the individual to elect, no more often than each taxable year, whether the account shall be discretionary (with investment determined by the trustee) or self-directed (with investment directed by the individual). Requires the trustee of a rollover fund to establish on its books, without segregation of assets, a capital gain fund and a capital fund. Specifies the contents of each fund. Includes in gross income for the taxable year in which received: (1) distributions to the recipient from the capital gain fund; and (2) ordinary income (interest and dividends received, plus net short-term capital gain) distributed to the trustor and received by the trust. Treats distributions from the capital gain fund as long-term capital gain. Sets forth rules for the treatment of losses, security pledges, and transfers of interest in a rollover account incident to divorce. Limits to one the number of accounts which may be maintained at one time. Requires the trustee to keep appropriate records and to file annual information returns.