United States · United States Congress · 27 January 1981
Federal Lending Program Control Act of 1981 - Declares that the purpose of this Act is to provide a basis for controlling loans and loan guarantees under Federal credit programs through the congressional budget process. Amends the Congressional Budget Act of 1974 to require the first concurrent resolution on the budget for each fiscal year to set forth the appropriate level of total gross obligations for the principal amount of direct loans and the appropriate level of total commitments to guarantee loans and to allocate such totals among the major functional categories of the budget. Directs each standing committee of the House and Senate to submit its estimates of direct loan obligations and loan guarantee commitments by March 15 of each year. Directs the House and Senate Banking Committees to submit recommendations to the Budget Committees for the aggregate levels of direct loans and loan guarantees in each fiscal year. Requires the joint explanatory statement accompanying a conference report on the concurrent resolution on the budget to include an estimated allocation of the total levels of direct loan obligations and loan guarantee commitments among the committees of the House and Senate. Directs the Committees on Appropriations to provide such an allocation among their subcommittees as soon as practicable after a budget resolution has been agreed to. Requires the House Committee on Appropriations, before reporting any regular appropriations bills, to submit a summary report to the House comparing the credit authority contained in such bills to the levels agreed to in the budget resolution Requires any report accompanying legislation conferring new budget authority or increasing tax expenditures to include information on direct loan obligations and loan guarantee commitments. Establishes a deadline for the completion of action on legislation providing credit authority. Requires the second concurrent resolution on the budget in any fiscal year and the reconciliation process to take into account Federal obligations and commitments on loans and loan guarantees. Declares out of order any measure brought up for consideration in either House which would increase the level of loan obligations and guarantee commitments agreed to in the budget process. Requires any authority to guarantee the payment of any indebtedness to be contingent on provisions in appropriation Acts. Amends the Budget and Accounting Act, 1921, to direct the President to include items relating to Federal loan obligations and guarantee commitments in the annual budget message to the Congress.
United States · United States Congress · 27 January 1981
Makes the Federal tort claims procedure the exclusive remedy in medical malpractice actions resulting from federally authorized National Guard training activities (repeals the current provision covering such liability).
United States · United States Congress · 27 January 1981
Radio Deregulation Act of 1981 - Amends the Communications Act of 1934 to make licenses for the operation of a radio broadcasting station valid for an indefinite period of time. Permits any party in interest to petition the Federal Communications Commission for a revocation of such license. Requires such petition to contain specific allegations of fact to establish a prima facie case that the licensee has violated specific provisions of such Act or an order of the Commission. Requires the Commission to hold a hearing if a substantial and material question of fact is presented. Permits the Commission to grant an application for a license for a frequency in the radio broadcast service on a system of random selection. Requires the Commission to establish procedures for such selection within a specified period. Prohibits the Commission from requiring radio broadcast station licensees to provide specific types of programming or restricting the length or frequency of commercials. Requires the Commission to report to Congress annually on its progress in reviewing regulations applicable to radio broadcasting. Requires the Commission within three years to report to Congress on the impact of deregulation on radio programming.
United States · United States Congress · 27 January 1981
National Tourism Policy Act - Title I: National Tourism Policy - Declares that the purpose of this Act is to establish a cooperative effort between the Federal Government, State and local governments, and other concerned public and private organizations to implement a national tourism policy. Title II: United States Travel and Tourism Administration - Establishes, as an independent agency, the United States Travel and Tourism Administration. Sets forth the terms of office, compensation, powers, and duties of the Administrator and Deputy Administrator. Authorizes the Administration to assist Congress and the Federal agencies having policy and programmatic responsibilities affecting tourism. Directs the Administrator, by April 15, 1982, to submit a detailed tourism development plan to specified Congressional committees. Requires each Federal agency, upon the request of the Administrator, to: (1) make its services, personnel, and facilities available to assist the Administration; and (2) furnish the Administration necessary information, suggestions, estimates, and statistics. Prohibits the Administration from providing or arranging for transportation or accommodations in competition with businesses engaged in providing or arranging for such transportation or accommodations. Directs the Administration to submit budget information, legislative recommendations, prepared testimony for congressional hearings, and reports to the President or to the Office of Management and Budget and, concurrently, to Congress. Directs the Administration to submit an annual report to the President for transmittal to Congress. Directs the United States Travel Service to make a specified sum available to the Administration within 30 days of the date of enactment of this Act. Establishes the Travel and Tourism Advisory Board. Sets forth the membership, compensation, and duties of such Board. Directs the United States Travel Service to complete the transfer of its assets, powers, duties, and privileges to the Administration within 180 days after the date of enactment of this Act. Abolishes the United States Travel Service upon completion of such transfer. Title III: Amendments to the International Travel Act - Amends the International Travel Act of 1961 to authorize appropriations through fiscal year 1981 to carry out the purposes of such Act. Authorizes the Secretary of Commerce to provide financial assistance to a region of not less than two States or portions of two States to assist in the implementation of a regional tourism promotional and marketing program. Declares that any such program shall serve as a demonstration project for future program development for regional tourism promotion. Extends until September 30, 1981, the time limit for the reduction in the number of employees of the United States Travel Service. Prohibits the Secretary of Commerce from reducing: (1) the number of United States Travel Service employees in offices in foreign countries to a level below that authorized for fiscal year 1979; and (2) the amount of funds appropriated pursuant to this Act for financing the activities of such foreign offices to a level below that authorized for fiscal year 1980.
United States · United States Congress · 27 January 1981
Capital Cost Recovery Act of 1981 - 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 capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) 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.
United States · United States Congress · 23 January 1981
Savings and Retirement Income Incentive Act of 1981 - Amends the Crude Oil Windfall Profit Tax Act of 1980 to make permanent the income tax exclusion for dividend and interest income. Increases such tax exclusion for persons over age 65 to $500 ($1,000 for joint returns). Amends the Internal Revenue Code to increase to $2,000 the amount of the income tax deduction for contributions to individual retirement accounts. Eliminates the prohibition against certain pension plan participants (e.g. government and military personnel) from making deductible contributions to individual retirement accounts. Increases the amount of nondeductible contributions which an individual may make to an individual retirement account in a taxable year and over such individual's lifetime. Permits contributors to an individual retirement account to withdraw from such an account up to $10,000, without tax penalty, in order to purchase a first home or finance the higher education of a dependent child. Allows an income tax deduction for voluntary employee contributions to tax-qualified employer pension and annuity plans.
United States · United States Congress · 22 January 1981
Community Home Health Services Act of 1981 - Amends the Public Health Service Act to authorize the Secretary of Health and Human Services to make loans to proprietary entities (in addition to the home health grants now available) for home health programs to meet the initial cost of establishing and operating such programs. Authorizes appropriations for home health programs through fiscal year 1984. Directs the Secretary to submit a report concerning home health programs to the appropriate committees of the Congress. Amends title XVIII (Medicare) of the Social Security Act to: (1) provide that home health services may be furnished by a nonprofit hospital; (2) provide coverage for homemakers services when required; (3) provide coverage for transportation related to home health items and services; and (4) include as a home health service any service furnished as an alternative to institutional care. Amends title XIX (Medicaid) of such Act to require a State plan to include home health services.
United States · United States Congress · 22 January 1981
Constitutional Amendment - Defines "person" to include the unborn for the purpose of the right to life guarantee. Makes such amendment inapplicable to laws permitting medical procedures required to prevent the death of the mother.
United States · United States Congress · 21 January 1981
Amends the Powerplant and Industrial Fuel Use Act of 1978 to limit to 12 1/2 percent of the value of the coal produced yearly the amount of all State and local severance taxes or fees on coal mined from Indian or Federal lands and shipped in interstate commerce to any powerplant or major installation.
United States · United States Congress · 21 January 1981
Expresses the jubilation and relief of the Senate at the release of the 52 Americans held hostage by Iran. Expresses appreciation for the efforts of various Government officials to secure the release of the hostages. Recognizes the patriotism of the military personnel who tried to rescue them. Thanks Algeria for its help in securing the hostages' release.
United States · United States Congress · 20 January 1981
Amends the Internal Revenue Code to permit taxpayers who do not itemize income tax deductions to claim a deduction from gross income for charitable contributions.
United States · United States Congress · 20 January 1981
Prohibits the issuance of any final Internal Revenue Service regulations which have the effect of increasing the rate of imputed interest with respect to: (1) loans between related organizations, trades, or businesses; or (2) deferred payments in the case of certain property sales.
United States · United States Congress · 19 January 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. Provides for judicial review of denial orders in the appropriate U.S. Court of Appeals. Sets forth the grounds for disapproval. Provides for 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 $20,000,000 to be appropriated for initial investments and operating expenses for each of fiscal years 1981-1985. Directs the Export-Import Bank of the United States to provide loan guarantees for expansion to export trading companies or exporters to be secured by accounts receivable or inventories when adequate financing is not otherwise available. 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. Title II: Export Trade Associations - Export Trade Association Act of 1981- Amends the Webb-Pomerene Act to exempt the export trade, export 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, company, 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. Authorizes the Attorney General or the FTC to bring an action to invalidate a certification. 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. Grants a temporary exemption from the Sherman Act antitrust provisions for existing associations. 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.
United States · United States Congress · 15 January 1981
Comprehensive Health Care Reform Act - Title I: Cost Containment Incentives - Amends the Public Health Service Act by adding a new title XIX, "Standards for Health Benefit Plans." Disallows a trade or business expense deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer who fails to meet the requirements of this title. Requires that an employer offer to his or her employees at least one group health benefit plan (to the extent that such a plan is available) for inpatient hospital services having an annual copayment for hospital services of at least 25 percent. Excepts from such copayment requirement a period beginning on the date on which an employee and his or her family have incurred out-of-pocket medical expenses during a calendar year in excess of 20 percent of such individuals' combined income and ending on the last day of such calendar year. Requires an employer to make the same expenditure per enrollee with respect to each group health benefit plan regardless of the actual premium cost. Requires an employer to rebate to an employee any excess of the employer's expenditure amount over the premium cost either in cash or other benefits. Prohibits an employer from expending an amount for a plan on behalf of an employee in excess of the premium cost of the most costly group health benefit plan in which at least ten percent of the employees are actually enrolled at the time the expenditure is made. Requires an employer having at least 200 full-time employees to offer his employees at least three health benefit plans with different carriers. Requires the offer of a group health benefit plan to be first made to a collective bargaining representative. Title II: Catastrophic Illness Insurance - Amends title XIX of the Public Health Service Act (as added by title I of this Act) to disallow a trade or business expense deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer having 50 or more full-time employees who fails to meet the requirements of this title. Requires a health benefit plan to provide for payment without any cost sharing by a covered individual for medical expenses beginning on the date on which an employee and his or her family have incurred out-of-pocket medical expenses during a calendar year in excess of 20 percent of such individuals' combined income and ending on the last day of such calendar year. Requires such plan to: (1) disregard any preexisting medical conditions; and (2) continue coverage for individuals for a period of six months after the member employee becomes unemployed, ceases to be full-time, or dies. Requires a carrier to enter into an arrangement in each State in which it conducts business for the purpose of providing catastrophic illness insurance and preventive care coverage to those persons who are not eligible for coverage under titles II and III of this Act, or a government program of health care program. Amends title XVIII (Medicare) of the Social Security Act to remove the 150 day limitation on inpatient hospital services. Provides that the amount payable for inpatient hospital services shall be reduced by a coinsurance amount equal to 20 percent of the charges imposed with respect to such individual, but only for days not within the "benefit period" (the period beginning with the day on which the total expenses incurred by the individual for covered services exceed 20 percent of such person's income from wages and net earnings self-employment for the preceding calendar year). Provides that 100 percent of the charges or costs of the supplementary medical insurance benefits for the aged and disabled shall be paid during such benefit period. Title III: Preventive Care - Amends title XIX of the Public Health Service Act (as added by titles I and II of this Act ) to disallow a trade or business expenses deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer having 50 or more full-time employees who fails to meet the requirements of this title. Specifies the preventive care services which a carrier who enters into an arrangement with a State pursuant to title II must provide, including maternal care, childhood immunizations, and hypertension screening. Title IV: Internal Revenue Code Amendments - Makes: (1) a deduction by an employer in providing a health benefit plan to his or her employees; and (2) an exclusion by an employer for contributions to accident and health plans, conditional upon such employer's compliance with the requirements of title XIX of the Public Health Service Act. Title V: Effective Dates - Establishes the effective dates of this Act.
United States · United States Congress · 6 January 1981
Amends the Internal Revenue Code to increase from 60 percent to 75 percent the noncorporate capital gains deduction from gross income. Reduces the alternative minimum tax rate. Reduces from 28 percent to 17.5 percent the corporate alternative tax rate on capital gains.
United States · United States Congress · 5 January 1981
GI Education Assistance Act of 1981 - Title I: New GI Education Program - Establishes an educational assistance program for veterans who entered the armed forces after December 31, 1980, served on active duty for two or more years, and were honorably discharged or discharged for hardship or a service-connected disability. Entitles eligible veterans to 27 months of assistance for the first two years of active service and one month of assistance for each additional month of service. Makes such veterans eligible for educational loans. Establishes a delimiting period of ten years after discharge or release from active duty for completing a program of education unless such period is interrupted by a physical or mental disability which prevents completion. Excludes periods of capture from the delimiting period. Directs the Administrator of Veterans' Affairs to pay each eligible, participating veteran the cost of tuition and a monthly subsistence allowance. Establishes an educational benefits program for persons serving on active duty who have completed six years of active duty. Requires such persons to participate for at least 12 consecutive months except as specified. Requires participants to agree to a monthly deduction from such person's military pay as a contribution to such program. Provides for a refund of such contributions upon disenrollment, discharge, release, or death. Authorizes the Secretary of Defense to contribute to the fund of any participant any amount necessary to encourage persons to remain in the armed forces. Entitles each participant to 36 monthly benefit payments. Sets forth the formula for computing the amount of such payments. Permits eligible veterans to transfer any educational benefits to such veterans' spouse or children. Establishes a delimiting period of ten years after discharge or release for educational assistance benefits. Requires the Administrator and the Secretary to report to the appropriate committees of Congress on their respective plans for implementing the educational assistance benefits program. Prohibits participation in both the career service person's education assistance program and other specified educational assistance after a specified time. Title II: Educational Leave of Absences for Members of the Armed Forces - Permits the Secretary to grant any eligible member a leave of absence from such member's military duties to permit such member to pursue a program of education for up to 12 months. Sets forth the impact of such leave of absence upon the payment of basic pay, determining eligibility for retirement pay, and upon time in grade for promotion purposes.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to allow married couples, who do not file a single joint tax return with their spouses, to elect the same tax rates currently applicable to unmarried individuals (other than surviving spouses and heads of households), without regard to any community property laws. Entitles any married individual making such an election to claim the income tax credit for dependent care services, even though such individual did not contribute over half of the support of the dependent concerned.
United States · United States Congress · 5 October 1978
Declares that the Congress opposes the President's promulgation of wage, price, or other economic stabilization standards enforced by a direct or implied threat that compliance with such standards by unions, industries, or other private economic groups will be materially considered in the exercise of administrative discretion by Federal agencies.
United States · United States Congress · 15 August 1978
Amends Part A of Title IV of the Social Security Act (Aid to Families with Dependent Children) to require each State, under such program, to establish a maximum income level beyond which an individual or family may not be eligible for aid.
United States · United States Congress · 7 August 1978
Amateur Sports Act - Title I: Declaration of Policy - Makes findings and states that the policy of Congress is to promote amateur athletics and protect the right of amateur athletes to participate in athletic competition. Title II: Olympic Committee Reorganization - Amends the corporate charter of the Olympic Committee to (1) provide for a principal place of business of the United States Olympic Committee (Corporation); (2) set forth the objectives and purposes of the Corporation; (3) set forth the powers of the Corporation; (4) provide reasonable representation for specified individuals and organizations in establishing and maintaining provisions for the governance and conduct of its affairs; and (5) subject to civil liability any person who uses an Olympic designation without authority to promote a private financial interest. Permits contributors or suppliers of goods or services to use the name of the United States Olympic Committee or its designation to advertise that such goods or services have been furnished to, approved, or selected by the Corporation. Requires the Corporation to establish in its constitution and bylaws provisions for the resolution of disputes involving the opportunity of an amateur athlete or other specified individuals to participate in sanctioned athletic competitions. Authorizes the Corporation to recognize as a national governing body any amateur sports organization (but only one for each sport) which submits an application for recognition and complies with eligibility requirements. Sets forth such eligibility requirements. Sets forth the duties and powers of a national governing body and the requirements which an amateur sports organization must meet to hold an athletic competition or sponsor athletes in competition and be sanctioned by a national governing body. Grants to the Corporation the power of review over the actions of any national governing body and invests a United States district court with jurisdiction to enjoin any action of a national governing body inconsistent with the terms of the Corporate charter. Sets forth procedures for the Corporation in (1) processing a complaint against a national governing body by an individual athlete or an amateur sports organization; (2) revoking recognition of a national governing body; and (3) replacing an incumbent national governing body. Provides for arbitration of a determination of the Corporation. Authorizes the Secretary of Commerce to lend financial assistance to the Corporation in developing amateur athletics in the United States. Authorizes appropriations for carrying out the work of the national governing bodies. Directs the Secretary to conduct a feasibility study to determine the most appropriate means of providing funding to the Corporation for the construction and operation of training centers and sports medicine research facilities.
United States · United States Congress · 20 July 1978
Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain.
United States · United States Congress · 20 July 1978
Constitutional Amendment - Directs Congress to assure that the total outlays of the Government during any fiscal year (except for repayment of debt) do not exceed 33 1/3 percent of the average national income for the three prior calendar years.
United States · United States Congress · 29 June 1978
Provides that where two or more Members of the House of Representatives pay the basic pay of an individual from the clerk-hire allowance of each such Member, such individual shall be considered to be on the payroll of only one such Member for purposes of determining the number of individuals employed by such Members under the clerk-hire allowance. Requires such Members to designate who shall be considered the employer for the month involved and to report such designation to the Office of Finance.
United States · United States Congress · 23 June 1978
Amends Title XVIII (Medicare) of the Social Security Act to authorize payment for specified services performed by chiropractors, including x-rays and physical examinations, and related routine laboratory tests.
United States · United States Congress · 21 June 1978
Amends the Internal Revenue Code by providing graduated corporate income tax rates ranging, over seven brackets, from a 16 percent rate on a corporation's first $25,000 income to a 45 percent rate on income over $150,000.
United States · United States Congress · 21 June 1978
Amends Title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to require States having agreements for coverage of their employees under the system of insurance established by such Title to make payments and reports on a calendar-quarter basis.
United States · United States Congress · 13 June 1978
Constitutional Amendment - Provides that total appropriations shall not exceed estimated revenues. Authorizes the suspension of such prohibition in time of war or national emergency. Prohibits any increase in the national debt as it exists on the date this article is ratified. Sets forth a schedule for repayment of the national debt.
United States · United States Congress · 11 May 1978
Expresses Congressional disapproval of the sale of 50 F-5 aircraft to Egypt, 60 F-15 aircraft to Saudi Arabia, and 15 F-15 and 75 F-16 aircraft to Israel.
United States · United States Congress · 25 April 1978
Declares that certain proposed regulations of the Department of the Treasury regarding centralized firearms sales recordkeeping and other firearms control measures exceed the Departments' authority, and directs that the regulations be withdrawn.
United States · United States Congress · 12 April 1978
Anti-Inflation Tax Reduction and Reform Act - Amends the Internal Revenue Code to provide cost-of-living adjustments for the individual income tax rates and withholding tables.
United States · United States Congress · 10 April 1978
Truth in Regulation Act - Directs the Environmental Protection Agency and all other Federal regulatory agencies to issue an economic cost and environmental impact analysis prior to the enactment of any new regulation. Establishes a standing task force in each community affected by proposed agency regulations which shall prepare an economic impact statement regarding the proposed regulation. Requires such statement to include a statistical analysis of the economic and employment impact of proposed regulations. Requires these task forces to report their findings directly to the administrator of the relevant agency for inclusion in the agency's findings as reported to Congress. Declares that no regulation shall take effect unless both the agency and the task force find that compliance will not cause a higher percentage of unemployment in the industry directly affected. Permits Congress to waive this requirement.
United States · United States Congress · 10 April 1978
Anti-Dumping Enforcement Act - Amends the Antidumping Act, 1921, to require the Secretary of the Treasury to notify the International Trade Commission upon the publication of a finding that the price of imported products is less than the foreign market or construction value. Eliminates the requirement that the Secretary postpone publication of such a finding pending a determination by the Commission on whether "dumping" is occurring. Decreases the time periods during which the Secretary must complete the investigation of "dumping" allegations. Imposes liquidation deadlines upon imported merchandise upon which a special "dumping" duty has been imposed. Requires the establishment of a task force for each investigation of "dumping" allegations to serve as an intermediary between the Secretary and the industrial and labor groups interested in the investigation.
United States · United States Congress · 10 April 1978
Urban Growth Act - Amends the Internal Revenue Code to reduce corporate income tax rates. Increases the corporate surtax exemption to $100,000. Makes the regular investment tax credit permanent. Allows an additional ten percent investment tax credit for new property placed in depressed areas. Increases the limitations on the investment credit to allow it to offset 100 percent of the taxpayer's current liability. Increases the credit allowable for employment of new employees by an amount equal to one percent of the unemployment insurance wages paid to qualified employees during periods of unemployment exceeding seven percent nationally. Allows accelerated amortization of depreciable equipment (with a 60 month period) and facilities (with a period equal to one-half each facility's useful life) which are placed in high unemployment areas. Repeals the income tax exclusion of dividends received by individuals. Allows qualified domestic corporations an unlimited deduction for dividends paid. Provides flat limitations on corporate deductions for dividends from foreign corporations where the taxpayer is not claiming a net operating loss. Allows the current deduction of federally-required, nonproductive expenditures as business expenses. Provides for annual cost- of-living adjustments to depreciation allowances, property bases, and the interest paid on United States savings bonds and certificates, as well as the redemption value of all United States obligations of a year or more, including savings bonds and certificates.
United States · United States Congress · 4 April 1978
Anti-Dumping Enforcement Act - Amends the Antidumping Act, 1921, to require the Secretary of the Treasury to notify the International Trade Commission upon the publication of a finding that the price of imported products is less than the foreign market or construction value. Eliminates the requirement that the Secretary postpone publication of such a finding pending a determination by the Commission on whether "dumping" is occurring. Decreases the time periods during which the Secretary must complete the investigation of "dumping" allegations. Imposes liquidation deadlines upon imported merchandise upon which a special "dumping" duty has been imposed. Requires the establishment of a task force for each investigation of "dumping" allegations to serve as an intermediary between the Secretary and the industrial and labor groups interested in the investigation.
United States · United States Congress · 4 April 1978
Urban Growth Act - Amends the Internal Revenue Code to reduce corporate income tax rates. Increases the corporate surtax exemption to $100,000. Makes the regular investment tax credit permanent. Allows an additional ten percent investment tax credit for new property placed in depressed areas. Increases the limitations on the investment credit to allow it to offset 100 percent of the taxpayer's current liability. Increases the credit allowable for employment of new employees by an amount equal to one percent of the unemployment insurance wages paid to qualified employees during periods of unemployment exceeding seven percent nationally. Allows accelerated amortization of depreciable equipment (with a 60 month period) and facilities (with a period equal to one-half each facility's useful life) which are placed in high unemployment areas. Repeals the income tax exclusion of dividends received by individuals. Allows qualified domestic corporations an unlimited deduction for dividends paid. Provides flat limitations on corporate deductions for dividends from foreign corporations where the taxpayer is not claiming a net operating loss. Allows the current deduction of federally-required, nonproductive expenditures as business expenses. Provides for annual cost-of-living adjustments to depreciation allowances, property bases, and the interest paid on United States savings bonds and certificates, as well as the redemption value of all United States obligations of a year or more, including savings bonds and certificates.
United States · United States Congress · 4 April 1978
Truth in Regulation Act - Directs the Environmental Protection Agency and all other Federal regulatory agencies to issue an economic cost and environmental impact analysis prior to the enactment of any new regulation. Establishes a standing task force in each community affected by proposed agency regulations which shall prepare an economic impact statement regarding the proposed regulation. Requires such statement to include a statistical analysis of the economic and employment impact of proposed regulations. Requires these task forces to report their findings directly to the administrator of the relevant agency for inclusion in the agency's findings as reported to Congress. Declares that no regulation shall take effect unless both the agency and the task force find that compliance will not cause a higher percentage of unemployment in the industry directly affected. Permits Congress to waive this requirement.
United States · United States Congress · 22 March 1978
Agriculture Emergency Act - Title I: Agricultural Export Expansion - Amends the Agricultural Act of 1954 to direct the Secretary of Agriculture to establish abroad between six and 25 United States Agricultural Trade Offices, for the purpose of developing, maintaining, and expanding international markets for United States agricultural commodities. Changes the title of Agricultural Attaches to Agricultural Counselors, and requires each Counselor to submit to the Secretary an annual report detailing the social, political and economic factors affecting agriculture and agricultural trade in the country or area to which such Counselor is assigned. Establishes in the Department of Agriculture: (1) an Assistant Secretary for Commodity Programs, to perform duties related to agricultural stabilization and conservation; and (2) an Under Secretary for International Affairs to perform duties related to foreign agriculture. Amends the Commodity Credit Corporation Charter Act to direct the Secretary to provide Corporation financing to exporters of agricultural commodities who wish to extend deferred payment terms, not to exceed three years, to foreign buyers in order to meet foreign competition and to make additional export sales. Title II: Agricultural Credit - Subtitle A: Amendments to the Consolidated Farm and Rural Development Act - Amends the Consolidated Farm and Rural Development Act to provide loans to any farm owners or tenants for the purposes of meeting Federal, State, or local requirements for agricultural, animal, or poultry waste pollution abatement and control facilities. Establishes a low-income farm ownership loan program for owners or operators of small or family farms, and extends eligibility for real estate and operating loans to private domestic corporations and partnerships primarily engaged in farming or ranching. Extends eligibility for operating loans to farm cooperatives. Increases the maximum allowable total principal indebtedness for real estate loans which may be outstanding by any one borrower to $200,000, or $300,000 in the case of a guaranteed loan. Removes the $500,000 ceiling from the aggregate principal of loans made using the Agricultural Credit Insurance Fund. Increases the amount of indebtedness which may be outstanding for operating loans for an individual from $50,000 to $100,000, or in the case of a guaranteed loan, $200,000. Authorizes the Secretary to purchase the guaranteed portion of any rural development loan using funds from the Rural Development Insurance Fund and the guaranteed portion of all other loans with funds from the Agricultural Credit Insurance Fund. Replaces the current provision for an up to five-year renewal of an operating loan with a provision for the consolidation or rescheduling of outstanding loans for payment over a period not to exceed seven years from the date of such consolidation or rescheduling. Authorizes the Secretary to make loans and grants, and approve transfers and assumptions under such Act in connection with property securing a loan made, insured, or held by the Secretary notwithstanding the fact an area ceases to be eligible for assistance under the Act. Authorizes the Secretary to provide a procedure for appeal and review of determinations by a county committee that a loan applicant is able to obtain sufficient credit elsewhere to finance his actual needs at reasonable rates and terms. Increases from $15,000 to $25,000 the amount of claims that can be compromised without approval of the Administrator of the Farmers Home Administration. Authorizes the Secretary to grant a moratorium upon the payment by an individual of interest and principal on a loan, upon a showing of temporary inability to continue making payments, beyond the individual's control. Subtitle B: Emergency Agricultural Credit Adjustment Act - Directs the Secretary to insure, guarantee, or make direct loans for the purpose of making payment of principal and interest installments or refinancing, in whole or in part, equipment or operating loans, giving preference to owners or operators of small or family farms. Requires the Secretary to guarantee 100 percent of the principal and interest of any such loan. Limits the total principal balance outstanding on insured or guaranteed loans to $200,000. Allows the total outstanding principal indebtedness of any borrower to reach $150,000 without approval of the senior State official of the Farmers Home Administration. Limits the total principal amount of all outstanding loans under this title during 1978 to $1,500,000,000, and during 1979 to $3,000,000,000. Terminates such program on December 31, 1979. Subtitle C: Miscellaneous Provisions - Extends the Emergency Livestock Credit Act through September 30, 1979. Title III: Wheat, Feed Grains, and Cotton Price Supports, Set-Aside and Release Prices - Amends the Agricultural Act of 1949 to provide for the 1978 and 1979 crops of the following commodities a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging: (1) for wheat, from $3.00 per bushel for a 20 percent set-aside up to $5.00 per bushel for a 50 percent set-aside; (2) for corn, from $2.10 for a ten percent set-aside up to $3.49 for a 50 percent set-aside; and (3) for upland cotton, from 54 cents per pound for a 20 percent set-aside up to 85 cents per pound for a 50 percent set-aside. Sets the 1979 established price for a 50 percent set-aside of all three commodities at the January, 1979 parity price for the 1979 crops. Prohibits: (1) the Secretary from providing for the redemption of stored wheat and feed grains loans unless the market price for such commodities is not less than parity; (2) the calling of such loans until the market price for wheat and feed grains is at least 105 percent of parity; and (3) the Commodity Credit Corporation from selling its stocks of wheat and feed grains for less than the parity price of such commodities. Title IV: Sugar - Amends the Food and Agriculture Act of 1977 to increase the price support for the 1978 through 1980 crops of sugar beets and sugarcane to a minimum of 65 percent of parity, but not less than 17 cents per pound raw sugar equivalent. Title V: Meat Imports - Sets formulae for quotas on the importation of specified meat products as of January 1, 1979. Prohibits the annual importation of specified kinds of cattle in excess of the smaller of either: (1) the average number of such livestock imported during the period January 1, 1973, through December 31, 1977; or (2) 960,000 head. Title VI: National Farmer and Rancher Board - Establishes the National Farmer and Rancher Board, composed of bona fide farmers and ranchers from eight agricultural regions of the United States who shall be elected to such Board by agricultural producers according to specified procedures. Limits the duties of such Board to advising, consulting with, and making written recommendations to the President, the Secretary of Agriculture, and the Secretaries and Administrators of other specified departments and agencies on matters pertaining to the family farm and/or the production and marketing of agricultural commodities. Title VII: Congressional Review of Embargoes or Sale Suspensions - Amends the Food and Agriculture Act of 1977 to require notification of Congress of any embargo or suspension of a commercial export sale of specified commodities, and to permit Congress to halt such embargo by adoption of a resolution of disapproval within 60 days after notification. Title VIII: Government Purchases - Declares that it is the sense of Congress that all departments, agencies, and instrumentalities of all three branches of the United States Government use their resources and facilities to the maximum extent practicable to purchase agricultural products produced in the United States. Amends the Food Stamp Act of 1964 to exclude from food stamp coverage any food labeled imported. Title IX: Agricultural Tax Provisions - Amends the Internal Revenue Code to allow an investment tax credit for buildings and structural components used in the business of farming. Grants an exemption from the excise tax for any trailer or semitrailer used for farming purposes or for transporting horses or livestock, whose gross vehicle weight is 10,000 pounds or less. Entitles aerial applicators to a refund of gasoline and special fuels taxes. Repeals the carryover basis provisions of the Tax Reform Act of 1976 which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent. Allows a deduction from income for State estate taxes in the case of income in respect of a decedent. Title X: Natural Gas for Essential Agricultural Purposes - Directs the Federal Energy Regulatory Commission to prohibit curtailment by a natural gas company of natural gas for essential agricultural, food processing, and food packaging purposes for which natural gas is necessary. Requires the Secretary to determine the purposes for which natural gas is necessary. Title XI: Increase Farm Storage Loan Ceiling - Amends the Commodity Credit Corporation Charter Act to increase the farm storage loan ceiling from $50,000 to $100,000. Title XII: Regulatory Reform - Authorizes either House of Congress by resolution to disapprove, in whole or in part, any rule or regulation prescribed by the head of any Federal department or agency. Requires the heads of all Federal departments and agencies to submit a comprehensive review and evaluation of their programs and activities so that the Congress may determine if the merits of each program or activity support its continuation or diminution rather than its termination.
United States · United States Congress · 20 March 1978
Small Business Development Center Act - Authorizes the Small Business Administration to make grants to universities to assist them in developing centers to provide small businesses with a broad range of advice, information, and assistance. Limits the amount of such grant to no more than 75 percent of the cost of eligible activities in the operation or development of the center, except for grants to regional centers assisting State centers in research or other high cost activities. Establishes a Small Business Management and Technical Assistance Division within the Small Business Development Center program through a Deputy Associate Administrator. Establishes a Small Business Development Center Advisory Board composed of 14 members to advise and confer with the Deputy Associate Administrator for Management and Technical Assistance. Authorizes the Administration to make grants to universities, organizations, and business concerns to support research to solve problems which affect small business concerns.
United States · United States Congress · 16 March 1978
Solar Energy Transition Act - Directs each Federal agency to use and encourage the use of solar energy technologies. Requires each agency to review the programs, projects, and policies it is administering and assess the feasibility of alternative approaches utilizing solar energy technologies. Directs the Secretary of Energy to develop guidelines and otherwise assist the Federal agencies in the review required by this Act. Establishes the National Solar Energy Advisory Council to advise the Secretary in the performance of his duties under this Act. Directs the Secretary to report to the President and Congress annually starting April 20, 1980 on the progress of the Federal Government and the nation in converting to solar energy.
United States · United States Congress · 14 March 1978
Solar Energy Bank Act - Creates a Government corporation to be known as the Solar Energy Development Bank to make long-term, low-interest loans to encourage the use of solar energy in commercial and residential dwellings. Establishes procedures governing the processing and approval of loan applications by the Bank. Prohibits conflicts of interest, on the part of officers or employees of the Bank. Prohibits the Bank or its employees from utilizing the Solar Bank to finance political activities. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans under this Act. Declares that the Solar Bank and its assets shall be exempt by Federal, State, and local taxation. Establishes a Solar Energy Fund in the Treasury of the United States to pay the expenses of the Bank. Authorizes the appropriation of $5,000,000,000 to the Fund.
United States · United States Congress · 14 March 1978
Expresses the condemnation by the Congress of the March 11, 1978, attack on Israel by the Palestine Liberation Organization, and the expressed intention of the PLO to continue such attacks and to disrupt the peace efforts between Israel and Egypt. Requests the President to make the disapproval of the Congress known to governments approving the PLO attack. Expresses Congressional approval of the peace efforts between Israel and Egypt. Urges other Middle East countries to join such efforts. Declares negotiation to be the best way to bring peace to the Middle East.
![Official portrait of Sen. Kasten, Robert W., Jr. [R-WI]](https://www.congress.gov/img/member/k000019_200.jpg)