United States · United States Congress · 31 March 1981
RARE II Review Act of 1981 - Denies jurisdiction to any court of the United States to take any judicial action with respect to the legal or factual sufficiency of the Department of Agriculture's second roadless area review and evaluation (RARE II) final environmental statement (date January, 1979), recommending certain areas for inclusion in the National Wilderness Preservation System. Applies such denial of jurisdiction with respect to any order of a court, department, or agency of the United States or of any State whether issued before or after the enactment of this Act. Deems the RARE II review and evaluation of national forest lands west of the one hundredth meridian to be an adequate consideration of their suitability for inclusion in the National Preservation System. Declares that lands recommended for wilderness in the RARE II final environmental statement but not placed into the System by Act of Congress before January 1, 1985, shall lose their recommendation. Consigns to same fate any lands in further planning upon enactment of this Act and not recommended for wilderness by September 30, 1985, or recommended by such date but not placed into the System by Act of Congress before January 1, 1988. Declares that areas of national forest lands east of the one hundredth meridian which were subject to the RARE II review and recommended for wilderness shall become Wilderness Study Areas, and, after January 1, 1983, shall be managed for uses other than wilderness, unless Congress otherwise directs. Requires any such areas not recommended for wilderness to be managed for other uses. Prohibits the Secretary of Agriculture, unless expressly authorized and directed by Congress, from conducting any further statewide, regional, or national roadless area review and evaluation of National Forest System lands for determination of suitability for inclusion in the National Wilderness Preservation System. Prohibits the Secretary from reviewing any National Forest System lands for inclusion in the National Wilderness Preservation System unless expressly authorized by joint resolution of Congress. States that the designation of any wilderness area shall not lead to the creation of protective perimeters or buffer zones around any such area.
United States · United States Congress · 27 March 1981
Constitutional Amendment - Requires Congress to adopt for each year a budget which sets forth the total receipts and outlays of the United States. Prohibits the adoption of any budget in which outlays exceed total receipts, unless three-fifths of each House of Congress approve such budget. Prohibits Congress from passing and the President from signing any bill which would cause the total outlays for any year to exceed the total expenditures in the budget for such year. Prohibits the retention of receipts in any year for use of the Treasury in an amount which exceeds as a proportion of the national income, the amount retained for the prior year, unless a bill directed at approving a specific increase in such proportion has been passed by a majority of each House. Permits Congress to waive the provisions of this Act with respect to any single year in which a declaration of war is in effect.
United States · United States Congress · 23 March 1981
Directs the Secretary of the Interior to convey to the city of American Falls, Idaho, specified lands located within or adjacent to the city. Reserves all rights-of-way and oil and gas in such lands to the United States.
United States · United States Congress · 23 March 1981
Dam Safety Act of 1981 - Amends the Act providing for a national dam inspection program to repeal the provision limiting the coverage of such Act to dams of a specified size. Exempts dams located in States with an approved dam safety program from the Secretary of the Army's national inspection program. Authorizes the Secretary to enter and inspect a damsite at reasonable times. Authorizes appropriations to carry out such Act through fiscal year 1985. Sets forth the formula for distributing such funds among the States. Directs the Secretary: (1) to provide assistance to States maintaining approved dam safety programs; and (2) to review periodically the implementation and effectiveness of such programs. Specifies the standards such programs must meet. Directs the Secretary to provide guarantees to insurers in order to enable dam owners, in States with approved dam safety programs, to obtain liability insurance at reasonable rates. Requires the Secretary, with the Secretary of the Treasury, to report to Congress any recommendations for a more comprehensive dam safety insurance program. Authorizes appropriations for a revolving fund to be used for loans to dam owners making dam repairs or other safety improvements. Establishes a Federal Dam Safety Review Board to be responsible for reviewing dam safety procedures and monitoring State implementation of this Act. Directs the Secretary: (1) to provide training for State dam safety inspectors; and (2) to develop, with the National Bureau of Standards, improved dam inspection techniques. Requires that dam construction proposals submitted to specified Congressional committees contain information concerning dam failures and preventive measures that may be taken.
United States · United States Congress · 23 March 1981
Amends the Communications Act of 1934 to prohibit any station licensee from broadcasting the results or projections of results of an election to choose the electors of the President and Vice President of the United States prior to the official closing of all polling places.
United States · United States Congress · 23 March 1981
Modifies the flood control project for Heise-Roberts, Idaho, to provide that the operation and maintenance of the project shall be the responsibility of the Secretary of the Army, through the Chief of Engineers. Modifies the flood control project for Lucky Peak Lake, Idaho, to provide for an increase, subject to specified criteria, in the diameter of a certain dam outlet.
United States · United States Congress · 19 March 1981
Lacey Act Amendments of 1981 - Repeals provisions of Federal law prohibiting commerce in wildlife and fish (the Lacey and Black Bass Acts). Sets forth prohibitions against trade in any fish or wildlife taken or possed in violation of Federal, Indian tribal, State, or foreign law. Adds a new prohibition against trade in plants which are subject to State conservation of species laws. Increases the maximum civil penalties for violations to $10,000 (currently, $5,000 under the Lacey Act and $200 under the Black Bass Act). Establishes a strict liability penalty of up to $250 for transporting fish or wildlife in violation of the labeling requirements. Increases the maximum criminal penalties to a $20,000 fine and/or five years' imprisonment (currently, $10,000 and/or one year under the Lacey Act and $200 and/or three months' imprisonment). Stipulates that a conviction under this Act shall require only proof that the defendant knew there was conduct in violation of the underlying law, treaty, or regulation. Subjects all fish, wildlife, or plants traded in violation of this Act to forfeiture to the United States, regardless of the culpability requirements for civil penalties or criminal prosecution. Stipulates that vehicles and equipment shall be subject to such forfeiture only if the owner or conductor was a consenting party to the illegal act. Authorizes the Secretaries of the Treasury, the Interior, Commerce, and Transportation to utilize by agreement the personnel and facilities of any Federal or State agency or Indian tribe to enforce this Act. Permits any person authorized to enforce this Act to carry firearms, make an arrest without a warrant on reasonable grounds, execute and serve warrants, detain and inspect a vehicle or package upon entering or prior to leaving the United States, or hold a seized item pending the disposition of proceedings. Directs that, beginning in fiscal year 1982, the Secretaries of the Interior, the Treasury, or Commerce shall pay rewards to persons who furnish information leading to a conviction, assessment, or forfeiture for violations of this Act. Directs the Secretaries of the Interior and Commerce to promulgate jointly regulations to implement the labeling requirements of this Act (governing packages containing fish or wildlife in interstate or foreign commerce) in accordance with existing commercial practices. Grants jurisdiction to the Federal district courts for actions arising under this Act. Transfers from the Secretary of the Treasury to prescribe requirements and issue permits for the importation of wild animals and birds under humane and healthful conditions. Amends the Endangered Species Act of 1973 to direct the payment of rewards for information leading to a conviction, assessment or forfeiture (currently, such payments are discretionary).
United States · United States Congress · 19 March 1981
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 · 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
Family Welfare Demonstration Program Act - Amends part A (Aid to Families with Dependent Children) of title IV of the Social Security Act to permit a State to participate in a block grant program in order to provide such assistance as in its judgment will most effectively benefit and promote the social welfare of children and families with children. Provides that a participating State, instead of receiving payments as presently provided under parts A and E (Foster Care and Adoption Assistance) of the Act, shall receive payments under the program. Directs the Comptroller General to conduct a study and evaluation of the block grant program and to report to Congress concerning such study and evaluation.
United States · United States Congress · 5 March 1981
Authorizes the Secretary of Agriculture to convey a described parcel of land in Idaho currently owned by the United States to a named individual in exchange for the conveyance to the United States of a described parcel of land currently owned by such individual.
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 · 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
Amends the Energy Policy and Conservation Act to extend from March 15, 1981, to December 31, 1981: (1) the authority for oil companies to carry out voluntary agreements for implementing the allocation and information provisions of the international energy program; and (2) the antitrust exemption for oil companies participating in such program.
United States · United States Congress · 26 February 1981
Amends the Federal Mine Safety and Health Act of 1977 to provide for the issuance of a citation to a mine operator violating a nonserious mandatory health or safety standard. Defines a nonserious violation as one not threatening imminent bodily injury or death. Exempts mines with 15 or less employees from Federal supervision if a State has enacted legislation protecting miners. Authorizes the Secretary of the Interior to assist a State in establishing and maintaining mine safety programs.
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
Neighborhood School Act of 1981 - Prohibits a Federal court from ordering any student to be assigned or transported to a public school other than that which is nearest to the student's residence unless: (1) such assignment or transportation is incident to attendance at a school of specialized instruction; (2) such assignment is incident to a purpose directly and primarily related to an educational purpose; (3) such assignment is incident to the voluntary attendance of a student; or (4) the requirement of such transportation is reasonable. Enumerates circumstances under which an assignment or transportation is not reasonable, including if: (1) there are reasonable alternatives available; (2) the plan is likely to have a net harmful effect on the quality of education; or (3) the time or distance traveled exceed by specified amounts the time or distance to the closest public school.
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 · 19 February 1981
Amends the Federal Mine Safety and Health Act of 1977 to require mine operators to notify the Occupational Safety and Health Administration of the type of construction and number of employees involved in a construction project. Exempts a State or political subdivision of a State from coverage under such Act. Authorizes any State agency or court to assert jurisdiction under State law over any mandatory health or safety standard involving a State-owned mine.
United States · United States Congress · 6 February 1981
Department of Education Reform Act of 1981 - Amends the Department of Education Organization Act of 1980 to prohibit the Secretary of Education and any other officer of the Department of Education from exercising any direction, supervision, or control, except as expressly required by Federal statute, over: (1) the curriculum, program of instruction, administration, or personnel of any educational institution or system; (2) any accrediting agency or association; or (3) the selection or content of library resources, textbooks, or other instructional materials by any educational institution or system. Provides that, for purposes of such limitation of authority, "Federal statute" shall not include Federal regulations, rules, or guidelines.
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 · 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 · 30 January 1981
Authorizes the Committee on Energy and Natural Resources from March 1, 1981, through February 28, 1982,to: (1) make expenditures from the contingent fund of the Senate; (2) employ personnel; and (3) utilize the services of department or agency personnel on a reimbursable basis. Sets forth the limit on expenses by the committee during such period.
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 · 27 January 1981
Amends the Food Stamp Act of 1977 to exclude from eligibility for food stamps any household with any member on strike. Excepts a household from this exclusion if it was eligible to participate in the food stamp program prior to the time such member went on strike, or if any member is subject to an employer lockout.
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 · 27 January 1981
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to repeal the limitation on outside income for beneficiaries age 65 or older.
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
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 · 6 January 1981
Amends the Voting Rights Act of 1965 to repeal the prohibitions against voting qualifications, prerequisites, tests, or devices which abridge the right of a citizen to vote who is a member of a language minority. Repeals bilingual election requirements that States and other political subdivisions make available registration, voting materials, and voting assistance in languages other than English in areas where more than five percent of the citizens belong to a single language minority.
United States · United States Congress · 5 January 1981
Gold Reserve Act of 1980 - Cancels the gold certificates issued pursuant to the Gold Reserve Act of 1934. Transfers the right to the gold to the Federal Reserve banks holding such certificates. Requires such banks to buy and sell gold at specified prices in return for payment with Federal Reserve notes. Restricts changes in the monetary base based on the amount of gold reserves. Requires the Board of Governors of the Federal Reserve System to proclaim a gold holiday if gold reserves fall below or exceed by specified percentages the target reserve quantity. Directs the Secretary of the Treasury to issue gold coins to meet public demand. Amends the Federal Reserve Act to repeal the authority of the Secretary of the Treasury to call in all gold.
United States · United States Congress · 5 January 1981
United States - Mexico Good Neighbor Act of 1981 - Amends the Immigration and Nationality Act to direct the Attorney General to establish a program for the nonimmigrant admission of Mexican nationals as temporary workers in the United States. Directs the Attorney General to establish annual and monthly quotas for temporary worker visas. Limits temporary services or labor to 240 days per year. Stipulates that such visas shall not limit the geographic area within which an alien may work unless specific restrictions are requested by the Secretary of Labor in order to protect domestic workers. Makes an alien who violates the 240-day visa limitation or any imposed geographic restriction ineligible for another temporary visa for five years. Makes an alien who enters the United States illegally ineligible for a temporary work visa for ten years. Excludes such temporary Mexican workers from the definition of "immigrant" for purposes of the Immigration and Nationality Act. Includes such workers within the category of aliens whose nonimmigrant status may not be adjusted to that of an immigrant. Prohibits the Attorney General from consenting to the reapplication for admission of any such workers deported from the United States. Requires the Attorney General to report semiannually to Congress regarding the temporary worker visa program. Authorizes the Secretary of State to establish and expand United States Consulates in Mexico in order to implement such temporary worker program. Directs the Secretary of Labor to make the nature of such program known to Mexican nationals residing in the United States. Expresses the sense of the Congress that the President should establish with Mexico an Advisory Commission on the Mexico-United States Temporary Worker Visa program to advise the Attorney General with regard to such program. Authorizes necessary appropriations. Terminates such Mexican worker program ten years after enactment of this Act.
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 January 1981
Requests the President to designate the week beginning with the Sunday preceding the fourth Thursday in November of each year as "National Family Week."
United States · United States Congress · 25 November 1980
Italy Disaster Assistance Act of 1980 - Authorizes the President to provide reconstruction assistance for the victims of the recent earthquakes in Italy. States that such assistance may be provided in accordance with specified congressional policies and authorities. Authorizes appropriations for fiscal year 1981, to remain available until expended, to carry out the purposes of this Act. Allows obligations previously incurred for the provision of reconstruction assistance to the people of Italy to be charged to such appropriations. Directs the President to report quarterly to specified Senate Committees and to the Speaker of the House on the programing and obligations of funds under this Act.
United States · United States Congress · 12 November 1980
Amends the Communications Act of 1934 to prohibit any station licensee from broadcasting the results or projections of results of an election to choose the electors of the President and Vice President of the United States prior to the official closing of all polling places.
United States · United States Congress · 30 September 1980
Gold Reserve Act of 1980 - Cancels the gold certificates issued pursuant to the Gold Reserve Act of 1934. Transfers the right to the gold to the Federal Reserve banks holding such certificates. Requires such banks to buy and sell gold at specified prices in return for payment with Federal Reserve notes . Restricts changes in the monetary base based on the amount of gold reserves. Requires the Board of Governors of the Federal Reserve System to proclaim a gold holiday if gold reserves fall below or exceed by specified percentages the target reserve quantity. Directs the Secretary of the Treasury to issue gold coins to meet public demand. Amends the Federal Reserve Act to repeal the authority of the Secretary of the Treasury to call in all gold.