United States · United States Congress · 16 January 1973
Individual Retirement Benefits Act - Establishes minimum standards for participation and for vesting of benefits under pension and profitsharing plans. Provides that no employee may be excluded from participation in an employer-sponsored plan if he has attained the age of 30 years and has been an employee for at least three years, except an employee who is within five years of retirement age. Adopts a vesting standard under which every pension must be half vested when an employee's age plus the number of years he has participated in the plan equals 50. Provides that the remaining portion of his pension must vest ratably over the next five years. Grants the Secretary regulatory authority to require more restrictive rules for plans where inadequate vesting and eligibility provisions would be likely to result in discrimination prohibited by existing law. Grants tax deductions under the Internal Revenue Code to individuals for personal savings for retirement. Provides that the deductible amount is 20 percent of the individual's earned income for the year, as does not exceed $7,500. Allows the tax deduction for employee contributions to employer-sponsored plans and, in the case of an individual who is not covered by employer-sponsored plans (or who is inadequately covered by an employer-sponsored plan), a deduction is allowed for amounts set aside by the individual for his own retirement in an individual retirement account. Provides that amounts held in individual retirement accounts shall be allowed to earn tax-free income. Increases the deductible contribution which may be made on behalf of self-employed individuals business coporations to a retirement plan which covers themselves and their employees to 15 percent, or $7,500, whichever is less.
United States · United States Congress · 16 January 1973
Prohibits the distribution of food stamps under the Food Stamp Act of 1964, to any household where the head of the household is engaged in a labor strike, except where such household was eligible for participation in such program prior to the time the head of the household went on strike. (Amends 7 U.S.C. 2013)
United States · United States Congress · 16 January 1973
States that no provision of the Gold Reserve Act of 1934 or any other Act of Congress, and no regulation or order issued pursuant to any such Act, shall prohibit or restrict the acquisition, holding, or disposition of gold by any citizen of the United States. Provides that domestic refiners of new or primary gold shall make available and offer for sale 10 percent of their quarterly new or primary gold output to the Secretary of the Treasury at the offical price of $38 per fine troy ounce, and that he shall accept or reject in whole or in part such gold offered in the same quarterly period in which the offer is made.
United States · United States Congress · 4 January 1973
Federal Act to Control Expenditures and Upgrade Priorities - Title I: Legislative Budget - Establishes a joint committee of the Congress which shall be known as the Joint Committee on the Budget. Provides that the joint committee shall be composed of nine members of the House of Representatives and nine members of the Senate. Sets forth the administrative powers of the joint committee. States that upon the submission of the Budget by the President for each fiscal year, beginning with fiscal year 1976, the joint committee shall promptly review the budget for the purpose of formulating and submitting to the Senate and the House of Representatives, a legislative budget for that fiscal year. Provides that such budget shall be submitted by the joint committee to the Senate and the House of Representatives by May 31 of each year. Provides that this budget must be submitted prior to the consideration of any bill or joint resolution appropriating or authorizing appropriations for any fiscal year. Title II: Five-Year Budget Projections - Provides that the Budget submitted by the President shall set forth estimated expenditures and proposed appropriations necessary in his judgement for the support of the Government for the ensuing fiscal year and the four years following the ensuing fiscal year. Requires the President to transmit to Congress during the first fifteen days of each regular session an alternative budget taking into account contingency plans in the event of major disasters or economic or strategic dislocations. Provides that the committee report accompanying each bill or resolution of a public character reported by any committee of the Senate or the House of Representatives (except the Committee on Appropriations of each House) shall contain: (1) an estimate, made by such committee of the costs which would be incurred in carrying out such bill or joint resolution in the fiscal year in which it is to become effective and in each of the four fiscal years following such fiscal year, together with the basis for each such estimate; (2) a comparison of the estimate of costs made by such committee with any estimate of costs made by any Federal agency; and (3) a list of existing and proposed Federal programs which provide or would provide financial assistance for the objectives of the program or programs authorized by the bill or joint resolution. Title III: Three-Year Limitation on Authorizations For Appropriations; Congressional Review of Major Expenditure Programs - Requires each committee of Congress which has jurisdiction to report legislation authorizing appropriations for a major expenditure program to conduct a major review of such program during the last fiscal year for which appropriations are authorized for such program and to submit a report thereon to the appropriate House of Congress. Includes in such report a cost-benefit analysis of the program and the committee's evaluation of the overall success or failure of the program. Title IV: Pilot Testing of New Major Expenditure Programs - Requires each bill or resolution which establishes a new major expenditure program to provide for a pilot test of such program which shall be conducted for at least two complete fiscal or calendar years. Provides that the results of such tests shall be submitted to the appropriate committees of the Senate and the House of Representatives. Provides that each such committee shall study the reports and submit a report thereon to the Senate or the House of Representatives, as the case may be. Title V: Requirement of Annual Appropriations - States that all provisions of law permanently appropriating moneys out of the Treasury (including trust funds) shall have no force or effect and moneys may be paid out of the Treasury to defray expenditures incurred in any fiscal year only pursuant to appropriation Acts enacted for that fiscal year. Title VI: Exercise of Rulemaking Power - Enacts specified sections of this Act as an exercise of the rulemaking powers of the Senate and the House of Representatives, respectively.
United States · United States Congress · 4 January 1973
National Diabetes Research and Education Act - Directs the Director of the National Institute of Arthritis, Metabolism, and Digestive Diseases to establish a National Task Force on Diabetes to formulate a long-range plan to combat diabetes with specific recommendations concerning the utilization and organization of national resources for that purpose after conducting a comprehensive study and survey investigating the magnitude of diabetes mellitus, its epidemiology, its economic and social consequences, and an evaluation of available scientific information and the national resources capable of dealing with the problem. Requires that such National Task Force shall provide for: (1) a coordinated research program encompassing the programs of the National Institute of Arthritis, Metabolism, and Digestive Diseases, related programs of the other research institutes, and other Federal and non-Federal programs; (2) the utilization of existing research facilities and personnel of the National Institutes of Health for accelerated exploration of opportunities of special promise in scientific areas related to the known complications of diabetes mellitus; (3) a system for the collection, analysis, and dissemination of all data useful in the prevention, diagnosis, and treatment of diabetes mellitus, including the establishment of a diabetes research data bank to collect, catalog, store, and disseminate insofar as is practicable the results of diabetes research undertaken for the use of any person involved in diabetes research; (4) support of manpower programs of training in fundamental sciences and clinical disciplines to provide an expanded and continuing manpower base from which to select investigators, physicians, and allied health professions personnel, for participation in clinical and basic research and treatment programs relating to diabetes including, where appropriate, the use of training stipends, fellowships, and career awards; (5) budget estimates and projections reflecting the funds required to fully implement the recommended plan; (6) methods of education for persons having diabetes; and (7) an emphasis on the counseling to persons, especially children, having diabetes and to their families with regard to adjustments and medical regimen required of such persons. Authorizes the appropriation of $1,000,000 for the purpose of establishing the National Task Force under this Act. Directs the Director to establish programs for cooperation with State and other health agencies in the early diagnosis and treatment of diabetes as well as programs of public, professional, and patient education. Authorizes the appropriation of $5,000,000 each year for fiscal years 1973, 1974, and 1975, and the appropriation of such sums as may be necessary thereafter, for the diabetes control program. Authorizes the Director to make grants to, or contract with States, political subdivisions, universities, hospitals, and other public or nonprofit private institutions, agencies, or organizations, which are community oriented, for projects and programs for the conduct of research, demonstration, training in and utilization of allied health personnel, or public and professional education for the early diagnosis and treatment of diabetes mellitus, or counseling and assistance in self-management. Provides that such grants shall cover a maximum of 75 percent of the costs of such projects and programs. Authorizes the appropriation of $25,000,000 for fiscal year 1973, and a like sum for each of the next two succeeding fiscal years, and such sums as may be necessary thereafter, for the purpose of such grants under this Act. Authorizes the Director to establish not more than six model diabetes research, treatment, and education clinics throughout the United States within the framework of existing programs. Provides that the purpose of such clinics shall be to test the feasibility of such clinics with regard to: (1) the development of improved methods of detecting diabetes; (2) the development of improved methods of intervention against high-risk factors which cause diabetes; and (3) the development of highly skilled manpower in diabetes diagnosis, prevention, and treatment. Authorizes the appropriation for the establishment of the clinics authorized under this Act $6,000,000 for the fiscal year ending June 30, 1973, and a like sum for each of the next two succeeding fiscal years and such sums as are necessary thereafter.
United States · United States Congress · 4 January 1973
Constitutional Amendment - Provides that nothing in the Constitution shall abridge the right of persons lawfully assembled, in any public school or other public building, to participate voluntarily in nondenominational prayer or meditation.