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United States · Official source
787 records where Sen. Jepsen, Roger W. [R-IA] is listed as a sponsor, author, or other actor. Search with topics and years
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
Constitutional Amendment - Limits the increase of total budget outlays of the United States Government during any fiscal year to the rate of increase in the gross national product during the previous calendar year. Requires the use of any surplus to reduce the public debt. Allows the limit on total outlays to be changed by a three-fourths vote of both Houses of Congress, or by a two-thirds vote in the case of an emergency declared by the President. Prohibits the Congress from requiring or authorizing any agency of the government to require that a State or local government engage in additional or expanded activities unless such State or local government is compensated for the costs incurred.
United States · United States Congress · 19 March 1981
Requires an embargo on the export of any goods or services to the Soviet Union during any period in which a grain embargo is in effect against such country.
United States · United States Congress · 17 March 1981
Requests the President to designate the week beginning May 10, 1981, as "National Small Business Week."
United States · United States Congress · 13 March 1981
Soil Conservation Act of 1981 - Title I: Special Areas Conservation Program - Directs the Secretary of Agriculture to provide assistance to farm and ranch owners or operators and public entities to identify and correct erosion or irrigation management problems in special areas (as designated under this Act). Prohibits assistance to: (1) public lands unless they are an integral part of a farm or ranch; and (2) nonfarm or nonranch land unless such land has a serious erosion problem which threatens farm or ranch land. Authorizes the Secretary to enter into cost-sharing contracts with such persons for: (1) conservation measures, as set forth under this Act; and (2) continuing established conservation measures. Requires a recipient to provide the Secretary with a plan that: (1) incorporates practices to prevent land erosion; (2) outlines a schedule for implementing cropping system changes or other conservation methods; (3) considers local, social, economic, and environmental conditions; (4) allows for varying levels of conservation application as appropriate; (5) allows for wildlife and recreation measures; and (6) identifies measures to improve vegetative conditions, reduce erosion, and conserve water on rangeland. Permits financial assistance to cover the loss of income resulting from cultivated crops to permanent vegetative cover adjustments. Requires the Secretary to: (1) prepare a report respecting the designation of an area as a special area; and (2) submit such report to the Senate Committee on Agriculture, Nutrition, and Forestry. Prohibits the Secretary from entering into any contracts (involving such land) until the Committees approve such report. Authorizes the Secretary to make grants to States to evaluate the impact of local and State tax structures on the acceptance and implementation of conservation measures. Requires the Secretary to report to Congress by January 1, 1986, and at five-year intervals thereafter. Authorizes necessary appropriations. Title II: Matching Grants for Conservation Activities - Directs the Secretary to make annual matching grants to county conservation boards for: (1) soil erosion control; (2) cropland, forest, pasture, or rangeland improvements; (3) water conservation and quality improvement; (4) agricultural land preservation; and (5) demonstration projects. Permits such grants for: (1) fish and wildlife habitat improvement; (2) animal waste management; (3) watershed and flood protection; (4) sediment and stormwater control in urbanizing areas; and (5) natural resources aspects of rural planning. Prohibits a county conservation board from receiving a grant unless it: (1) has a current long-range program; (2) has a current annual work plan; and (3) has arranged for equal matching funds or in kind services. Stipulates that grants may be given for two years to develop such a program and plan. Requires not more than 25 percent of State or local funds for a component of the work plan determined by the Secretary to have a national objective. Sets forth the composition of such county conservation boards. Authorizes long-term agreements of up to ten years. Requires a recipient board to maintain records as the Secretary prescribes, and to provide access to them for audit and examination purposes. Authorizes necessary appropriations. Prohibits appropriations after fiscal year 1992. Directs the Secretary to report to the Senate Committee on Agriculture, Nutrition, and Forestry, and to the House Committee on Agriculture by January 1, 1986, and again by January 1, 1991. Title III: Resource Conservation and Development Program - Directs the Secretary to: (1) establish a resource conservation and development program to provide technical and financial assistance through State, local, and nonprofit entities in designated rural areas; (2) establish within the Department of Agriculture a Resource Conservation and Development Policy Board; and (3) evaluate such report and report to the House Committee on Agriculture and to the Senate Committee on Agriculture, Nutrition, and Forestry by September 30, 1986. Authorizes appropriations for fiscal years 1983-1987. Title IV: Volunteers for Conservation - Directs the Secretary to establish a volunteer program. States that such volunteers shall not be considered Federal employees except for provisions relating to compensation for injury and tort claims.
United States · United States Congress · 12 March 1981
Business Accounting and Foreign Trade Simplification Act - Changes the name of the Foreign Corrupt Practices Act of 1977 (FCPA) to the Business Practices and Records Act. Amends the Securities Exchange Act of 1934 to require securities issuers to maintain an internal accounting system that provides reasonable assurance that specified accountability and accuracy goals are met. Establishes the degree of previous knowledge necessary to find liability for violations of the accounting standards. Requires only good faith efforts at ensuring compliance by issuers who hold 50 percent or less of the equity of domestic or foreign firms. Transfers from the Security and Exchange Commission to the Department of Justice jurisdiction to enforce the antibribery prohibitions of the FCPA with respect to issuers. Changes the jurisdictional basis of the current corrupt practices prohibition to prohibit bribery "with respect to activities in interstate or foreign commerce" (currently, the basis is use of the mails or interstate commerce "in furtherance" of bribery). Prohibits payments or promises made "directly or indirectly" by a domestic concern to a foreign official in order to obtain business. Prohibits such payments that are made to influence a foreign official's act or induce such an official to violate a legal duty. Prohibits domestic concerns from directing or authorizing such payments. Exempts from such prohibition any payment to a foreign official to facilitate or expedite performance of official duties and which is customary in the country where made. Enumerates additional exemptions, including items of value given in return for hospitality or in token of regard and esteem, and marketing or demonstration expenses pertaining to the business presentation. Empowers the Attorney General to undertake any civil investigation which is necessary to enforce the Act. Makes the provision in the Business Practices and Records Act the exclusive Federal law authorizing Federal proceedings against a domestic concern for using the mails or any instrumentality of interstate commerce to violate such Act. Requires an interagency task force to issue guidelines specifying: (1) permissible conduct and arrangements associated with common types of export sales arrangements; and (2) business contracts and precautionary procedures which would create a rebuttable presumption of compliance. Provides for the establishment of a Business Practices and Records Act Review Procedure to answer specific inquiries concerning enforcement of such Act. Requires the Attorney General to issue opinions regarding compliance. Makes such opinions final and binding on all parties if the conduct does not involve a violation. Requires annual reports to Congress by: (1) the Attorney General concerning actions taken pursuant to such Act; and (2) the Chairman of the Securities and Exchange Commission concerning the reporting requirements. Expresses the sense of the Congress that the President should negotiate agreements establishing standards of conduct for international business practices, a resolution procedure, and rates of commissions. Directs the President to report to Congress concerning the progress of such negotiations. Requires Congress to review the Business Practices and Records Act after receiving the President's report. Directs the President to report to Congress on the legal and practical consequences of specific action that the United States could take under existing law to: (1) promote international cooperation to prevent bribery of foreign officials, candidates, or parties in third countries; and (2) encourage persons or businesses operating in foreign countries to refrain from bribing foreign officials, candidates, or parties to the disadvantage of U. S. industry. Requires the report to contain recommendations for new legislation and an analysis of the potential effect on U. S. interests of the corruption of foreign officials and political leaders.
United States · United States Congress · 12 March 1981
Amends the Commodity Credit Corporation Charter Act to establish the Agricultural Export Credit Revolving Fund in the Treasury to assist in exporting agricultural products (including the construction or acquisition of overseas facilities). Terminates such fund effective October 1, 1984. Authorizes specified appropriations for fiscal years 1982 through 1984. Requires the Secretary of Agriculture to report annually to Congress respecting the Corporation's export credit sales program.
United States · United States Congress · 12 March 1981
Allows motor carriers an income tax deduction for the value of motor carrier operating authorities rendered worthless by deregulation or $50,000, whichever is greater. Requires the deduction of such amount over a 36 month period.
United States · United States Congress · 10 March 1981
Amends the Federal criminal code to establish penalties for taking or attempting to take by force and violence or intimidation a controlled substance from a pharmacy. Establishes mandatory terms of imprisonment if any person's life is endangered by use of a dangerous weapon or if any person is assaulted, killed, or forced without his consent to accompany the offender during commission of the offense. Directs the Attorney General and the Secretary of Health and Human Services (through the Administrator of the Drug Enforcement Administration) to meet regularly with the Joint Commission of Pharmacy Practitioners to assure successful enforcement of such offenses. Requires the Department of Justice to include pharmacy crime data in its annual Uniform Crime Reports. Authorizes appropriations to carry out this Act.
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
Economic Recovery Tax Act of 1981 - Title I: Individual Tax Rate Cuts - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1981, 1982, 1983, and 1984, lowering the maximum rate to 50 percent in 1984. Repeals the 50 percent maximum tax rate on personal service income. Reduces the alternative minimum tax for noncorporate taxpayers. Title II: Incentives for Plant, Equipment, and Real Property - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes cost recovery periods for the following classes of business property: (1) Ten-year property, including owner-used buildings and their structural components and certain public utility property; (2) five-year property, including tangible property, and (3) three-year property, including automobiles, light-duty trucks, and certain tangible property used in connection with research and experimentation. Excludes from the category of recovery property: (1) property placed in service before January 1, 1981; (2) certain property eligible for amortization; and (3) certain depreciable real property. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Revises the treatment of progress expenditure property with respect to the investment tax credit and the allowance for depreciation. Includes as recovery property, property which would have been depreciated using the retirement-replacement-betterment method. Provides special rules for recovery property predominantly used outside of the United States. Establishes definite useful lives for certain types of real property, (e.g., buildings, low-income housing, owner-occupied industrial and commercial buildings) which are not subject to change by the Internal Revenue Service upon audit. Allows current depreciation of any qualified progress expenditure property not yet placed in service. Revises the applicable percentage for determination of the investment tax credit to make eligible for such credit: (1) 100 percent of the basis of ten-year or five-year recovery property; and (2) 60 percent of the basis of three-year recovery property. Revises the progress expenditure rules to eliminate the useful life requirement for depreciable property being constructed by or for a taxpayer for use in trade or business (qualified progress expenditure property) and to apply to such property the revised percentages for determining the investment tax credit under this Act. Revises rules for the recapture of tax benefits upon the disposition of property eligible for the investment tax credit. Prescribes recapture percentages for each of the three classes of recovery property. Limits the amount of the investment tax credit to the amount that the taxpayer has at risk. Disqualifies capital cost recovery property from the allowance for first year depreciation. Repeals the retirement-replacement- betterment methods of depreciation allowed for certain types of property. Specifies that such property shall be depreciated using a ratable method. Requires the recapture as ordinary income of excess depreciation from recovery property which is subsequently sold or exchanged. Exempts accelerated depreciation on real property with a shortened audit-proof life and recovery property from classification as an item of tax preference for purposes of computing the minimum tax. Sets forth rules for treatment of the depreciation allowance for any recovery property under real property with a shortened audit-proof life in computing the earnings and profits of a corporation. Extends the carryover period for the net operating loss deduction, the investment tax credit, the work incentive program credit, and the new employee credit. Sets forth a method of computing the recovery allowance for recovery property and certain real property in the case of certain corporate acquisitions.
United States · United States Congress · 10 March 1981
Constitutional Amendment - Limits the increase of total budget outlays of the United States Government during any fiscal year to a percentage equal to the percentage increase in the gross national product during the previous calendar year. Requires the use of any surplus to reduce the public debt. Allows the limit on total outlays to be changed by a three-fourths vote of both Houses of Congress, or by a two-thirds vote in the case of an emergency declared by the President. Prohibits the Congress from requiring or authorizing any department, agency, or instrumentality of the government to require that a State or local government, in order to qualify for any program of the United States Government, engage in additional or expanded activities unless such State or local government is compensated for the costs incurred.
United States · United States Congress · 6 March 1981
Amends the Internal Revenue Code to exclude from gross income any benefits paid under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.
United States · United States Congress · 6 March 1981
Amends the Internal Revenue Code, for purposes of the personal holding company tax, to revise the formula used for determining whether the sum of the deductions directly allocable to the conduct of a lending or finance business allows the exclusion of such a business from the definition of a personal holding company. Increases from 60 months to 144 months the limitation on the maturity of commercial paper and loans dealt in or made by a lending or finance business. Excepts from the definition of "lending or finance business" the making of loans, advances, or installment obligations under open end credit agreements.
United States · United States Congress · 5 March 1981
Antiterrorism Act of 1981 - Directs the President to report biannually to the President pro tempore of the Senate and the Speaker of the House of Representatives on acts of international terrorism or within 60 days of an incident affecting U.S. citizens or property. Directs the President to submit to Congress a list of nations which have demonstrated a pattern of support for international terrorism. Specifies sanctions to be imposed upon such nations, including: (1) denial of foreign assistance; (2) an embargo on the sale of any defense articles or extension of credit under the Arms Export Control Act; (3) denial of an export license with respect to commodities or technical data which would enhance any such nation's military or terrorist capabilities; (4) disallowance of duty-free treatment under the Trade Act of 1974; and (5) denial of entry to nationals for the purpose of education in subjects having military application. Provides a Congressional veto procedure by concurrent resolution regarding a Presidential request to remove a foreign state from the list. Permits the President to suspend application of these sanctions in the interests of national security after consulting with the appropriate Congressional committees. Authorizes the President to exercise other appropriate sanctions. Directs the President to submit biannually to the President pro tempore of the Senate and the Speaker of the House of Representatives a Report on Federal and International Capabilities to Combat Terrorism, which includes a comprehensive and specific review of Federal antiterrorism organization, policies, and activities. Amends the Federal Aviation Act of 1958 to direct the Secretary of Transportation to assess the effectiveness of security measures maintained at foreign airports and report such assessments to Congress. Authorizes the Secretary, after notifying the appropriate foreign authorities, to restrict operations at foreign airports failing to bring their security measures to the standards and recommendations set forth at the Montreal Convention on International Civil Aviation. Authorizes the Secretary to provide technical assistance to foreign governments for promoting aviation security. Authorizes appropriations for fiscal years 1982 through 1984 for such purpose. Amends the Federal Aviation Act of 1958 to empower the Administrator of the Federal Aviation Administration to authorize FAA employees to carry firearms in connection with their air transportation security duties and to make arrests. Urges the President to seek international agreements to assure more effective cooperation in combating international terrorism and to develop standards and programs to insure the full implementation of the provisions of the Montreal Convention for the Suppression of Unlawful Acts Against the Safety of Civil Aviation. Amends the Federal criminal code to redefine the offense of "destruction of aircraft or aircraft facilities" to, among other revisions: (1) prohibit communicating false information which endangers any aircraft in flight; (2) prohibit any act of violence against any individual on an aircraft which is likely to endanger the aircraft in service; and (3) define "in service" to mean pre- and post-flight ground preparation. Establishes criminal penalties for whoever commits an offense in violation of the Convention for the Suppression of Unlawful Acts Against the Safety of Civil Aviation and is afterward found in the United States. Establishes a new Federal crime of "imparting or conveying threats" to commit an act which would constitute the felony of aircraft sabotage if executed. Amends the Federal Aviation Act to establish civil penalties for conveying false information regarding aircraft crimes and concealing a deadly weapon while boarding an aircraft. Makes any person who willfully and maliciously conveys false information criminally liable.
United States · United States Congress · 3 March 1981
Amends the Federal criminal code to revise the scope of, and penalties under, the Hobbs Act (prohibiting interference with commerce by threat or violence). Redefines "extortion" for the purposes of such Act to mean obtaining property from another with consent by use of actual or threatened force, violence, or fear thereof, or wrongful use of fear not involving force or violence, or under color of official right. Expresses Congressional intent not to exclude Federal jurisdiction on the ground that conduct involving force, violence, or fear thereof, takes place in the course of a legitimate business or labor dispute. Requires that the extent of property damages be at least $2,500 for purposes of the prohibition against obstructing commerce by willfully damaging property. Increases the maximum penalties for such offenses, including enhanced penalties where death, bodily injury, or property damage exceeding $100,000 results.
United States · United States Congress · 3 March 1981
Amends the Internal Revenue Code to allow the special use valuation of farms for estate tax purposes for real property which is put to a qualified use by a member of the decedent's family.
United States · United States Congress · 3 March 1981
Exempts nonprofit veterans' organizations and nonprofit fraternal organizations from the requirement that nondramatic literary or musical performance royalties be paid to copyright holders.
United States · United States Congress · 3 March 1981
Establishes within the Department of State a Bureau of North American Affairs. Requires the appointment of an Assistant Secretary for North American Affairs to head the Bureau and to have responsibility for activities of the Department relating to the Bahamas, Canada, Mexico, and the independent island countries in the Caribbean Sea other than Cuba. Requires the appointment of certain Deputy Assistant Secretaries who shall report to the Assistant Secretary.
United States · United States Congress · 3 March 1981
Requests the President to designate the third Sunday in September as "National Ministers Day."
United States · United States Congress · 3 March 1981
Expresses the sense of the Congress that the President should enter into negotiations with Canada and Mexico to agree to establish a North American Commission for Cooperation and Development. Sets forth proposed purposes of the Commission. States that the agreement should provide that: (1) each member country be represented by a Commissioner who shall head a delegation of experts; (2) each Commissioner should participate on an equal basis; and (3) additional Western Hemisphere countries may become members of the Commission.
United States · United States Congress · 27 February 1981
Eliminates the position of elevator operator for any elevator, under the jurisdiction of the Senate and the House of Representatives, which is designed to be controlled by passengers.
United States · United States Congress · 27 February 1981
Amends the Internal Revenue Code to exempt from taxation income earned from sources outside the United States for all individuals who are bona fide residents of foreign countries or who are present in a foreign country for a specified time (current law excludes such income of such individuals only if they reside in camps located in hardship areas). Eliminates restrictions on such tax exclusion with respect to: (1) the dollar amount of such exclusion; (2) the taxable year to which the income earned abroad is attributed; (3) community income earned abroad; and (4) meals and lodgings provided by the employer. Repeals provisions added by the Tax Reform Act of 1976 which allow income tax deductions for various expenses related to living abroad.
United States · United States Congress · 26 February 1981
Soil and Water Conservation Incentives Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer engaged in the business of farming an investment tax credit for soil and water conservation expenditures not treated as deductible expenses.
United States · United States Congress · 26 February 1981
Requests the President to designate April 26, 1981, as "National Recognition Day for Veterans of the Vietnam era."
United States · United States Congress · 26 February 1981
Expresses the sense of Congress that Congress shall work its will and take final action no later than May 31, 1981, on the economic recovery proposals which President Reagan presented to the Congress on February 18, 1981.
United States · United States Congress · 24 February 1981
Tuition Tax Relief Act of 1981 - Amends the Internal Revenue Code to allow a refundable income tax credit for 50 percent of the educational expenses paid for the elementary, secondary, college, or vocational education of the taxpayer or the taxpayer's spouse or dependents. Sets forth maximum dollar amounts allowable as a credit. Excludes from eligibility for the credit educational expenses for: (1) elementary and secondary education at a privately operated institution of a State educational agency, other than an institution which offers education for the handicapped as a substitute to regular education; (2) part-time study; and (3) graduate study. Requires the individual for whom the tuition tax credit is allowed by this Act to be a full-time student or a half-time student during any four months of the calendar year. Excludes from the definition of "educational expenses" any amounts paid for books, supplies, and equipment for courses of instruction, meals, lodging, transportation, similar personal expenses, and education below the first-grade level. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance. Specifies that the granting of a tax credit to a student due to his enrollment in any educational institution shall not be considered as Federal assistance to such institution.
United States · United States Congress · 24 February 1981
Prohibits the United States Postal Service from using its funds to implement a nine digit ZIP code system.
United States · United States Congress · 24 February 1981
Joint Export Marketing Assistance Act of 1981 - Directs the Secretary of Commerce to establish a program to promote export marketing activities for domestic industry. Authorizes the Secretary to enter into cooperative agreements with industrial corporations or groups of noncompeting corporations with limited exporting experience to develop foreign markets for their products. Requires the Secretary to direct specified market research for such projects to measure opportunities, determine the best methods, and indicate the prospects for success. Requires interested corporations to submit a proposal on the basis of such research incorporating specific marketing actions and a timetable for such actions for approval by the Secretary. Authorizes the Secretary to enter into agreements with those entities submitting approved proposals to share marketing costs for up to three years. Limits the Federal share of participation to 50 percent of the reasonable costs. Requires repayment of the Federal share within five years of the expiration of Federal participation. Authorizes appropriations to carry out the provisions of this Act.
United States · United States Congress · 24 February 1981
Amends the joint resolution of October 10, 1980 (requesting the President to designate the week beginning with the third Monday in February 1981 as "National Patriotism Week") to request the President to make such designation annually.
United States · United States Congress · 24 February 1981
Revises the congressional budget in order to: (1) reduce budget authority by $10.7 billion, and outlays by $4,8 billion, in fiscal year 1981; (2) reduce budget authority by $61.3 billion, and oulays by $41.4 billion, in fiscal year 1982; and (3) reduce budget authority by $88.4 billion, and outlays by $79.7 billion, in fiscal year 1983.
United States · United States Congress · 24 February 1981
Expresses the sense of Congress that agricultural resources are of strategic importance to the United States' future and calling for Federal cooperation with State and local governments and assistance to persons engaged in agriculture.
United States · United States Congress · 20 February 1981
Ozone Depletion Validation Act of 1981 - Amends the Clean Air Act to direct the Administrator of the Environmental Protection Agency to continue ozone protection studies and research while increasing actual measurements of stratosphere ozone and improving methods of monitoring potential trends in such measurements. Directs the Administrator to contract with the National Academy of Sciences to: (1) continue review and research; (2) determine the extent, nature, and causes of changes in stratospheric ozone concentration (with particular attention to the effects of chlorofluorocarbons); (3) investigate unreasonable effects on health and the environment; and (4) report all findings and associated uncertainties. Prohibits the Administrator from proposing further regulations for the control in the United States of any chlorofluorocarbon: (1) until an international agreement or agreements among major free-world producing countries of chlorofluorocarbons are reached as to the nature, extent, and implications of any threat to the concentration of ozone in the stratosphere and as to the appropriate regulatory action to be taken; or (2) until depletion of the stratospheric ozone by chlorofluorocarbons at a rate determined to be eventually harmful to human health and the environment is actually detected. Provides that any such final regulation not take effect until at least 90 days after its promulgation and not until the expiration of the period provided for adoption of a resolution of disapproval. Requires that continuing research and monitoring programs be expanded to determine the extent, nature, causes, effects, and associated uncertainties of stratospheric ozone concentration changes. Directs the National Academy of Sciences, in consultation with the National Aeronautics and Space Administration and the Administrator of the National Oceanic and Atmospheric Administration, to report, within two years and annually thereafter until such time as the theory of ozone depletion by chlorofluorocarbons has been validated, all findings concerning actual or potential alteration of the concentration of ozone in the stratosphere, its causes, and associated implications and uncertainties. Requires that such report be made to the Administrator and to the Congress, with copies available to the public. Directs the President, within two years from the date of enactment of this Act and annually thereafter, to report to the Congress and the public on efforts to reach international agreements among the major free-world producing countries of chlorofluorocarbons as to the nature, extent, and implications of any threat to the concentration of ozone in the stratosphere and as to the appropriate regulatory action to be taken. Prohibits States or local governments from adopting or attempting to enforce any regulation (except ones controlling halocarbon use as an aerosol propellant) respecting the control of chlorofluorocarbons to protect the stratosphere or stratospheric ozone until the Administrator has promulgated such regulations for such control in the United States. Provides that this Act shall not affect: (1) the validity of regulations concerning aerosol propellants containing chlorofluorocarbons promulgated by the Administrator before the effective date of this Act; or (2) the Administrator's obligation to comply with other applicable requirements in adopting regulations for the control of chlorofluorocarbons consistent with international agreements or after actual detection of eventually harmful depletion. Requires that such final regulations be submitted to the Congress and only take effect if both Houses of Congress do not adopt a concurrent resolution of disapproval within a specified period. Sets forth procedures and other provisions relating to such resolutions.
United States · United States Congress · 19 February 1981
Amends the Food Stamp Act of 1977 to exclude from the definition of household any persons who live with others and pay compensation to such others for meals.
United States · United States Congress · 6 February 1981
Requests the President to designate the week beginning March 8, 1981, as "Women's History Week."
United States · United States Congress · 6 February 1981
Requests the President to designate April 26, 1981, as "National Recognition Day for Veterans of the Vietnam era."
United States · United States Congress · 6 February 1981
Expresses the sense of the Senate that the Consumer Product Safety Commission, the Environmental Protection Agency, and the Food and Drug Administration should develop and validate an alternative nonanimal testing procedure.
United States · United States Congress · 6 February 1981
Expresses the sense of the Senate that no future amendments to the Federal debt limit may be approved without the previous adoption of specified actions by the President and the Congress to balance Federal outlays and revenues without increasing taxes.
United States · United States Congress · 5 February 1981
Family Enterprise Estate and Gift Tax Equity Act - Amends the Internal Revenue Code to reduce the estate and gift tax rates beginning in 1981. Increases the unified credit against the estate and gift taxes from $47,000 to $124,750 by specified annual increments through 1985. Increases from $175,000 to $600,000, by specified annual increments through 1985, the minimum gross estate requirement for filing of a return. Repeals the existing limitations on the marital deduction for gift and estate taxes. Increases from $3,000 to $10,000 the annual gift tax exclusion. Qualifies estates of decedents who were disabled or retired for the special valuation of certain farms based on use if such decedents materially participated in the operation of the farm for five out of eight years preceding the year in which they became disabled or eligible for disability benefits. Permits the spouse of a decedent to use such valuation if the spouse has managed the farm or business for ten years preceding the decedent's death or takes over active management upon the decedent's death. Qualifies woodlands for the special use valuation if the decedent or a member of the decedent's family owned and farmed the property for ten years prior to the decedent's death. Reduces from 15 to ten years the length of time a qualified property must be held and put to a qualified use following the decedent's death before it can be disposed of without incurring a recapture of estate tax benefits. Permits active management rather than material participation as a test for qualification of the estate for spouses, children under 21, students, and disabled individuals who receive property from a decedent who qualified for special use valuation. Repeals the $500,000 limitation on the reduction of the value of qualified real property permitted by the special use valuation. Allows the like kind exchange of property without loss of special use valuation eligibility. Revises the method of valuing farms by providing that the basis of such valuation shall be the average annual gross rental value. Authorizes the step-up in basis of such assets. Repeals the requirement that an heir elect special treatment for involuntary conversions of qualified real property, thus making such treatment automatic upon such conversion. States that gifts made within three years of a decedent's death shall be valued as of the time of transfer rather than as of the date of death. Authorizes an individual to elect to pay a gift tax rather than use the unified tax credit. Modifies the alternate extension of time for payment of the estate tax where the estate consists largely of an interest in a closely held business to: (1) allow an installment payment election if the value of the interest in the closely held business is either 35 percent of the value of the gross estate or 50 percent of the taxable estate; (2) increase to 50 percent the value of an interest disposed of which will accelerate the payment of tax; and (3) permit payment, but with a penalty, of an installment within six months after the due date. Allows a disclaimer of an interest in property for estate tax purposes in specified circumstances where such disclaimer does not result in the passing of the interest concerned under the applicable State law.
United States · United States Congress · 5 February 1981
Amends the Internal Revenue Code to repeal the estate tax, the gift tax, and the tax on generation skipping transfers.
United States · United States Congress · 3 February 1981
Intelligence Identities Protection Act of 1981 - Amends the National Security Act of 1947 to establish criminal penalties for any person who knowingly discloses information which identifies a U.S. covert intelligence agent. Establishes a maximum penalty of ten years' imprisonment and/or a $50,000 fine for any person who, having had authorized access to classified information which identifies a covert agent, learns the identity of a covert agent and intentionally discloses such information. Establishes a maximum penalty of five years' imprisonment and/or a $25,000 fine for any person who, having had authorized access to classified information, learns the identity of a covert agent and intentionally discloses such information. Establishes a maximum penalty of three years' imprisonment and/or a $15,000 fine for any person who, in the course of a "pattern of activities intended to identify" covert agents and with "reason to believe" that such activities would impair U.S. foreign intelligence activities, discloses information identifying an agent. Directs the President to establish procedures requiring Federal agencies to provide assistance in concealing the identity of U.S. intelligence agents.
United States · United States Congress · 3 February 1981
Older Americans Amendments of 1981 - Amends the Older Americans Act of 1965 to include the installation of security devices and structural modifications or alterations of the residences of elderly individuals under the social services grants and the discretionary grants programs. Includes the employment of older individuals in home repair services under the Older American Community Service Employment Program. Authorizes the Secretary of Health and Human Services to make grants to employers for home repair demonstration projects employing older individuals.
United States · United States Congress · 3 February 1981
Amends the Federal Mine Safety and Health Amendments Act of 1977 to provide that the provisions of such Act shall not apply to any surface mining of stone, clay, sand, or gravel.
United States · United States Congress · 3 February 1981
Amends the Export Administration Act of 1979 to require Congressional approval of any proposal to prohibit under such Act the export of agricultural commodities to a foreign country, other than in connection with a prohibition of all exports to such country. Limits the President's authority to restrict the export of goods and technology with military potential by forbidding the exercise of such authority to prohibit the export of agricultural commodities to any foreign country.
United States · United States Congress · 3 February 1981
Older Americans Amendments of 1980 - Amends the Older Americans Act of 1965 to specify that nutrition projects under such Act may include either meals in a congregate setting or home-delivered meals, or both.
United States · United States Congress · 3 February 1981
Omnibus Small Business Capital Formation Act of 1981 - Title I: Income Taxation - Subtitle A: Capital Formation - Allows individual taxpayers a ten percent income tax credit for investment in small business incentive stock (stock issues aggregating less than $15,000,000 by corporations with equity capital of less than $25,000,000). Limits the amount of such credit to $1,000 ($2,000 for taxpayers filing jointly). Denies such credit to individuals who dispose of incentive stock within 12 months of purchase. Treats as long-term capital gain amounts actually paid to a taxpayer with respect to a small business participating debenture (SBPD) which constitute the distribution of a share of the earnings of the issuer. Defines "small business participating debenture" (SBPD) as a written debt instrument issued by a qualified small business which: (1) is a general obligation of such business; (2) bears interest at not less than specified by the Secretary of the Treasury; (3) has a fixed maturity; (4) grants no voting or conversion rights in the business to the purchaser; and (5) provides for the payment of a share of the issuer's total earnings. Defines "qualified small business" as one: (1) whose equity capital does not exceed $25,000,000: (2) the face value of all of whose outstanding SBPD's does not exceed $1,000,000; and (3) which has no outstanding securities subject to regulation by the Securities and Exchange Commission. Treats members of a controlled group of corporations as a single taxpayer. Denies capital gains treatment where the taxpayer is a "related party" to the SBPD issuer. Treats losses on small business participating debentures as ordinary losses. Allows an interest expense deduction for interest and share-of-earnings payments made on such debentures. Increases from 60 percent to 70 percent the deduction for capital gains from the sale or exchange of small business assets (equity interests in a business with net equity capital of less than $25,000,000). Reduces from 28 percent to 21 percent the alternative tax on such gain. Provides for nonrecognition of any long-term capital gain from the sale of small business stock, except to the extent that the taxpayer's sale price exceeds the cost of small business stock purchased by the taxpayer within 18 months after the date of such sale. Prescribes a three-year statute of limitations for the assessment of any deficiency attributable to gain realized by the sale of such stock. Increases from 15 to 100 the permissible number of shareholders in a subchapter S corporation. Allows corporations engaged in marketmaking activities a limited deduction equal to the lesser of: (1) the amount of additions during the taxable year to a reserve for gains from marketmaking activities; or (2) the amount of gain from such activities. Defines "marketmaking activities" as the purchase and sale by a dealer in securities of equity securities which are: (1) issued by a corporation with less than $25,000,000 in stock and securities outstanding; and (2) held primarily for sale to customers in the ordinary course of trade or business. Requires specified withdrawals from the marketmaking reserve at the close of the taxable year and includes amounts so withdrawn in gross income. Subtitle B: Capital Retention - Reduces corporate income tax rates. Revises the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for two classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) tangible property, five years; and (2) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Permits calculation of the investment tax credit for such property without regard to the useful life of the property. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits a taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year. Increases the accumulated earnings credit for corporations other than specified service corporations. Increases the allowable cost of used property eligible for the investment tax credit. Subtitle C: Employee Stock Options - Exempts from income taxation any income resulting from the transfer of stock to an individual exercising a stock option under an incentive stock option plan. Specifies that the optionee may not dispose of stock within two years after an option is granted nor within one year after the transfer of shares. Requires that the optionee be an employee of the corporation granting such option at all times during the period after an option is granted and for three months after such option is exercised. Defines "incentive stock option" as an option granted to an individual in connection with employment by a corporation to purchase stock of such corporation. Sets forth the following conditions for the granting of such options: (1) the approval of a plan for granting options by the shareholders of the corporation; (2) the granting of options within ten years of either the adoption or approval of the plan; (3) the termination of the option after ten years; (4) an option-price which is not less than the fair market value of the stock subject to such option; (5) the nontransferability of the option; and (6) the optionee may not hold more than ten percent of the stock of the corporation, unless the option price is at least 110 percent of the fair market value of the stock subject to the option and such option is terminable five years after it is granted. Subtitle D: Inventory Accounting for Small Businesses - Allows a qualified small business to elect the cash receipts and disbursements method of accounting regardless of any requirement to use inventories if: (1) the average annual gross receipts for the three preceding taxable years do not exceed $1,000,000; and (2) such small business was qualified for each of the two preceding taxable years. Allows a taxpayer who adopts the last-in, first-out (LIFO) method of accounting to spread increases in taxable income attributable to such change over a ten-year period. Permits a taxpayer who is required to change his method of accounting pursuant to Revenue Ruling 80-60 (inventory valuation) and Revenue Procedure 80-5 to effect such a change only for taxable years beginning after December 31, 1980. Title II: Estate and Gift Taxes - Increases the unified credit against the estate and gift taxes from $47,000 to $192,800. Makes such increase, in the case of the gift tax, in specified annual increments through 1985. Increases from $175,000 to $600,000 the minimum gross estate requiring filing of a return. Repeals the existing limitations on the marital deduction for gift and estate taxes. Increases from $3,000 to $6,000 the annual gift tax exclusion. Permits disabled individuals and those receiving social security benefits to qualify for the special use valuation of certain farms and other real property if they have materially participated in the operation of the farm or business for five out of the eight years preceding the year in which they become disabled or eligible for such benefits. Permits the spouse of a decedent to use such valuation if the spouse has actually managed the farm or business for ten years preceding the decedent's death or takes over active management upon the decedent's death. Permits the owner of a woodland to qualify for the special use valuation if he or she has actively managed the property for ten years prior to death. Reduces from 15 to ten years the length of time a qualified property must be held following the decedent's death before it can be disposed of without incurring a recapture of estate tax benefits. Permits active management rather than material participation as a test for qualification of the estate for spouses, children under 21, students, and disabled individuals who receive property from a decedent who qualified for special use valuation. Repeals the $500,000 limitation on the reduction of the value of qualified real property permitted the special use valuation. Allows like kind exchange of property without loss of special use valuation qualification. Allows net crop share rentals to qualify for the special use valuation as well as cash rentals. Authorizes the step-up in basis of assets. Repeals the requirement that an heir elect special treatment for involuntary conversions of qualified real property, thus making such treatment automatic upon such conversion. States that gifts made within three years of a decedent's death shall be valued as of the time of transfer rather than as of the date of death. Authorizes an individual to elect to pay a gift tax rather than use the unified tax credit. Modifies the alternate extension of time for payment of the estate tax where the estate consists largely of an interest in a closely held business to: (1) allow an installment payment election if the value of the interest in the closely held business is either 35 percent of the value of the gross estate or 50 percent of the taxable estate; (2) increase to 50 percent the value of an interest disposed of which will accelerate the payment of tax; and (3) permit payment, but with a penalty, of an installment within six months after the due date. Allows a disclaimer of an interest in property for estate tax purposes in specified circumstances where such disclaimer does not result in the passing of the interest concerned under the applicable State law.
United States · United States Congress · 29 January 1981
Declares that seven members of named families have resided since a certain date in the United States Embassy in Moscow and have been living there in accordance with United States laws. Authorizes the granting of a visa and admission to the United States for permanent residence to each individual. Provides that each individual shall be held and considered to have been lawfully admitted to the United States for permanent residence as of a specified date, and to have been physically present and residing therein continuously since such date.
United States · United States Congress · 29 January 1981
Directs the Secretary of Agriculture to establish a soil tilth center at Iowa State University. Authorizes appropriations for such establishment.
United States · United States Congress · 29 January 1981
Amends the Internal Revenue Code to exempt interest paid on deposits by State and local governments of public funds, which are secured by tax-exempt securities, from provisions of the Internal Revenue Code which disallow income tax deductions for interest paid with respect to tax-exempt financing.