United States · United States Congress · 20 May 1980
Authorizes and requests the President to designate the week beginning October 5, 1980, as "National Port Week." Requires the Secretary of Commerce to report to Congress on the conditions of U.S. public ports.
United States · United States Congress · 15 May 1980
Private Sector Opportunities for the Economically Disadvantaged Amendments of 1980 - Amends the Comprehensive Employment and Training Act to authorize appropriations for fiscal years 1981 and 1982 to carry out title VII (private sector opportunities for the economically disadvantaged) programs. Includes among such program activities upgrading and retraining in accordance with specified provisions. Limits to six and one-half percent of the funds available for title VII the amount which may be used for upgrading and retraining. Requires participating employees to agree to hire one economically disadvantaged person for every employee participating in such upgrading or retraining program. Permits prime sponsors to establish programs to coordinate title VII activities with economic development programs receiving Federal financial assistance.
United States · United States Congress · 15 May 1980
Title I: Export Trading Companies - Export Trading Company Act of 1980 - Directs the Secretary of Commerce to promote export trading companies and facilitate contacts between producers of exportable goods and export trading companies. Authorizes any banking organization to invest up to 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 the 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 concerning implementation of this Act and any recommendations. 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. Directs the Export-Import Bank of the United States to provide loan guarantees to export trading companies or exporters to be secured by accounts receivable or inventories when adequate financing is not otherwise available and such guarantees will facilitate expansion of exports. Title II: Export Trade Associations - Export Trade Association Act of 1980 - 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. 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 guidelines for determining whether an association or export trading company will meet the certification requirements. 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 to promote export trade associations and trading companies. Provides for automatic certification of existing associations. Requires that all applications for certification be kept confidential with specified exceptions. 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. Title III: Taxation of Export Trading Companies - Amends the Internal Revenue Code of 1954 to make banking organizations which have invested in an export trading company eligible for treatment as domestic international sales corporations (DISC). Includes the gross receipts from the export of services produced in the United States and from export trade services as qualified export receipts, in the case of a DISC which is an export trading company. Directs the Secretary of Commerce, with the Secretary of the Treasury, to develop and distribute information concerning the utilization of the DISC provisions. Amends the Internal Revenue Code of 1954 to make export trading companies eligible for Subchapter S treatment if the shareholders of such companies are otherwise small business corporations. Exempts such companies from restrictions on the amount of foreign income they can receive and still be eligible for Subchapter S tax treatment.
United States · United States Congress · 15 May 1980
Declares that continued insensitivity to the statutory requirements for nominees to the Federal Reserve Board shall not be overlooked by the Senate Committee on Banking, Housing and Urban Affairs or by the U.S. Senate.
United States · United States Congress · 14 May 1980
Title I: Authorizations and Miscellaneous Amendments - Amends the Small Business Act to authorize Small Business Administration (SBA) loan program levels, including salaries and expenses, for fiscal years 1981 and 1982. Authorizes necessary appropriations for fiscal year 1983 and thereafter for general SBA programs which do not require specific authorizations. Amends the Small Business Investment Act of 1958 to: (1) repeal the authority of the SBA to invest temporarily idle funds in the surety bond guarantees revolving fund; and (2) grant authority to invest such funds in the pollution control guarantee revolving fund. Amends such Act to permit the SBA to guarantee debentures issued by an eligible State or local development company. Limits the amount of such debentures to one-half of the project cost, the other half of such cost being supplied from non-Federal Government sources. Requires any such debenture-issuing company to have a full-time professional staff, professional management ability, and a regularly-meeting, decision-making board of directors or membership. Amends the Small Business Act to authorize the Administrator of SBA to transfer to participating lending institutions authority to determine eligibility and creditworthiness with respect to deferred participation loans, and to monitor, collect, and liquidate such loans. Amends the Small Business Investment Act of 1958 to make a technical correction to the provision regarding surety bond guarantees. Amends the Small Business Act to allow both for-profit and not-for-profit small businesses owned by handicapped individuals and sheltered workshops employing the handicapped to participate in the SBA procurement set-aside program. Limits such eligibility to fiscal years 1981 through 1983, and to an aggregate annual amount of $100,000,000. Directs the Administrator to monitor and evaluate such participation. Requires the Administrator to direct every Federal agency and department having procurement authority to take appropriate alleviating actions whenever the Administrator and the Executive Director of the Committee for the Purchase from the Blind and Severely Handicapped find that participation in such procurement programs by not-for-profit organizations has or may cause severe economic injury to for-profit businesses. Requires a report by the Administrator to the appropriate Congressional committees by January 1, 1982, concerning the impact on for-profit small businesses of Federal procurement contracts awarded to not-for-profit organizations of the handicapped. Revises the priorities for the small business set-aside Federal procurement programs to give top priority to small business concerns located in labor surplus areas. Removes the existing termination date, thus extending such programs indefinitely. Makes Asian Pacific Americans eligible for specified SBA remedial business development programs, including specialized management and technical assistance and procurement assistance. Title II: Small Business Development Centers - Small Business Development Center Act of 1980 - Amends the Small Business Act to authorize the SBA to make matching grants to any State government or agency, regional entity, State-chartered development, credit, or finance organization, or public or private institution of higher learning to defray 50 percent of the cost of developing and operating a small business development center (SBDC) program. Limits in-kind contributions from non-Federal sources to no more than 50 percent of all non-Federal contributions. Limits the amount of any grant to the greater of: (1) $200,000; or (2) a pro-rata share of a $65,000,000 program based upon the population to be served by the SBDC as compared to the total population of the United States. Requires such centers to assist small businesses in solving problems concerning operations, manufacturing, engineering, technology exchange and development, personnel administration, marketing, sales, merchandising, finance, accounting, business strategy development, and other necessary matters. Specifies types of services. Authorizes such centers to utilize and compensate consultants, engineers, and testing laboratories for such services. Requires the National Science Foundation funded innovation centers and National Aeronautics and Space Administration industrial application centers to cooperate with SBDCs in their activities, and to report annually to Congress and to the SBA on the performance of such SBDCs. Directs the Administrator to appoint a Deputy Associate Administrator for Management Assistance to administer the SBDC program. Establishes a National Small Business Development Center Advisory Board. Authorizes each State SBDC to appoint a local advisory board. Directs the SBA to submit to the appropriate Congressional committees by January 31, 1983, an evaluation of the SBDC program and its impact on small businesses and the socio-economic base of the regions served. Terminates the over-all SBDC program on October 1, 1984. Title III: Small Business Economic Policy - Small Business Economic Policy Act of 1980 - Directs the President to transmit to Congress by January 20 of each year a Report on Small Business and Competition examining the current role of small business in the economy on an industry-by-industry basis. Specifies general contents of such Report. Requires an appendix reporting by agency and department on the total dollar value of all Federal contracts exceeding $10,000 and the dollar amount (including subcontracts in excess of $10,000) awarded to small, minority-owned and female-owned businesses. Title IV: Small Business Economic Research and Analysis - Amends the Small Business Act to direct the Administrator to establish and maintain an economic data base on small business and to report annually a comparative analysis and interpretation of the historical trends of the small business sector. Requires publication of national and, to the extent feasible, regional small business economic indices including employment, business, sales, capital investment, inventory, debt to equity, export, merger, and other related data. Permits no more than ten employees at any one time to be compensated at a maximum rate of GS-15, step 10, of the General Schedule. Establishes the Office of the Chief Counsel for Advocacy at executive level IV. Directs the Federal Reserve Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to work with SBA and the Census Bureau in undertaking studies to determine the credit needs of small business and to what extent such needs are being met. Requires a report to Congress of the results of such studies by January 1, 1982. Title V: Employee Ownership - Small Business Employee Ownership Act of 1980 - Amends the Small Business Act to authorize the SBA to make loan guarantees available to an employee trust that is part of an employee stock ownership plan for investment in qualifying employer securities. Requires such investment to result in majority ownership of a small business concern by such employee trust. Directs the Administrator to study and report to the appropriate Congressional committees not later than April 1, 1981, about the feasibility of making loan guarantees directly to the seller of a small business concern in connection with the installment sale of such concern.
United States · United States Congress · 14 May 1980
Small Business Issuers' Simplification Act of 1980 - Amends the Securities Act of 1933 to allow small issuers to make offerings of their securities to accredited investors without filing a registration statement, provided there is no advertising or public solicitation in connection with the transaction. Permits an accredited investor who acquires securities in such a transaction to resell such securities to other accredited investors without filing a registration statement under the exemption for transactions not involving an underwriter. Defines the term "accredited investor" to include specified institutional investors and any person purchasing at least $100,000 of securities in such an offering by a small issuer. Requires a small issuer to meet two of the three following criteria in order to qualify for the exemption provided by this Act: (1) assets at the end of its fiscal year of less than $15,000,000; (2) gross revenues in each of its last two fiscal years of less than $30,000,000; and (3) no more than 500 shareholders of any class of its securities. Empowers the Securities and Exchange Commission to revise the definitions and criteria established by this Act.
United States · United States Congress · 14 May 1980
Amends the Powerplant and Industrial Fuel Use Act of 1978 to limit the amount of all State and local severance taxes or fees on coal mined on Indian or Federal lands and shipped in interstate commerce to any powerplant or major fuel-burning installation or on improvements or other rights, property, or assets connected with the production of such coal. States that such tax shall not exceed a total of 12 1/2 percent of the value of such coal produced during a fiscal year.
United States · United States Congress · 6 May 1980
Amends the Small Business Investment Act of 1958 to authorize the Small Business Administration (SBA) to sell specified subsidized minority-enterprise debentures to the Federal Financing Bank, and to pay to such Bank the differential between the small business interest rate and the minority reduced interest rate for such enterprises.
United States · United States Congress · 6 May 1980
Declares that it is the sense of the Congress that the enactment of a withholding tax on interest and dividend payments would be detrimental to the economic well-being of the United States.
United States · United States Congress · 1 May 1980
Small Business Energy Conservation Act of 1980 - Amends the Small Business Investment Act of 1958 to make "energy facilities" eligible for Small Business Administration (SBA) contract guarantees. Includes within such definition: (1) solar equipment; (2) photovoltaic cells and related equipment; (3) equipment designed to increase the energy efficiency of existing fossil fuel systems; (4) industrial cogeneration equipment; (5) hydroelectric equipment; (6) wind or tidal conversion equipment; or (6) equipment for producing energy or fuel from wood, biological waste, grain, or other biomass sources. Makes such contract guarantees, when properly issued, valid and incontestable in the hands of the holder. Provides that SBA guarantee fees shall not exceed one and a half percent of the total of all guaranteed payments (presently may not exceed three and a half percent per year of the minimum annual guaranteed rental). Replaces existing "rental guarantee" language in escrow and default provisions with language referring to "guaranteed payments."
United States · United States Congress · 30 April 1980
Paperwork Elimination and Control Act of 1980 - Includes independent regulatory agencies within the definition of the term "agency" for purposes of provisions of Federal law regarding the coordination of Federal reporting services. Requires the Director of the Office of Management and Budget to provide for increased communication between the Government and the small business community with respect to Federal information collection activities. Directs the Director to require each agency to include on each of its information collection forms: (1) the expiration date of such form; (2) a registration number; (3) a statement as to whether the information collection is required by law, voluntary, or a requirement for obtaining a benefit administered by the agency; and (4) the name and toll-free telephone number of an agency representative who shall be designated by the agency head to provide assistance concerning the agency's information collection activities. Requires the Director to consult with the Chief Counsel for Advocacy of the Small Business Administration and to establish guidelines which provide for: (1) differing information collection requirements that take into account the resources available to small businesses; (2) exemptions to small business from certain requirements; and (3) consolidated or simplified requirements for small businesses. Requires the Director to develop and maintain a Federal Business Requirements Locator System to serve as the authoritative register of all Government information collection and recordkeeping requirements. Directs the Director to: (1) promulgate rules requiring each agency head to submit a data profile of each existing and proposed information collection and recordkeeping requirement; (2) compare submitted data profiles to profiles in the System and notify agency officials and members of the public, upon request, of the results; and (3) provide any person, upon request, with a list of requirements applicable to a certain type of business. Requires the use of data profiles to: (1) identify duplicative requirements; (2) locate existing information and promote agency sharing of information; (3) provide a central coordination mechanism for information collection activities; (4) catalog requirements by types of industries; and (5) monitor the total requirements imposed on the public by Government so that such paperwork may be reduced. Directs the head of each agency to submit, annually, an analysis of the agency's information collection activities to the Director with the agency's request for appropriations submitted under the Budget and Accounting Act, 1921. Requires the Director to publish in the Federal Register: (1) a summary of such analysis with a notice soliciting public comments; (2) a summary of comments received; and (3) a statement explaining the Director's determination regarding any issue raised by a comment disagreeing with data or conclusions of the analysis.
United States · United States Congress · 29 April 1980
Small Business Export Expansion Act of 1980 - Title I: Small Business Export Financing Assistance - Amends the Small Business Act to empower the Small Business Administration, either directly or in cooperation with lending institutions, to extend credit for export purposes to enable small business concerns to develop foreign markets. Limits the extension of such credit to periods of 18 months or less. Sets a maximum of $750,000 outstanding and committed to any borrower from the business loan and investment revolving fund. Allows the Administrator to authorize participating lending institutions to take certain actions on his or her behalf with respect to deferred participation loans. Establishes within the Administration an Office of International Trade to promote sales opportunities for small business goods and services abroad. Requires such Office to: (1) provide small businesses with access to current and complete export information; (2) encourage greater small business participation in trade fairs, shows, missions, and other domestic and overseas export development activities of the Department of Commerce; and (3) assign full-time export development specialists to each Administration regional office. Directs the Secretary of Commerce, after consultation with specified agencies, to establish an export promotion center in each of two regional offices of the Administration where field offices of the Department of Commerce and the Internal Revenue Service exist. Requires each such center to serve as a one-stop information center on Federal Government export assistance, financing programs available to small business, and other provisions of law governing exporting for small business. Requires: (1) a progress report on the implementation of such centers to the appropriate congressional committees within six months of enactment of this Act; and (2) an evaluation, within two years after enactment, of the effectiveness of such centers in developing and expanding small business exports. Title II: Small Business Export Expansion Assistance - Authorizes the Secretary of Commerce to make grants to qualified applicants to encourage the development and implementation of small business international marketing programs. Limits the grant amount to each applicant to a maximum of $150,000 annually for three years. Sets forth eligibility requirements for applicants. Prohibits the use of any Federal funds to directly underwrite any small business participation in foreign trade missions abroad. Requires each small business international marketing program to: (1) have a full-time staff director to manage program activities; (2) have access to export specialists to counsel and assist small business clients; and (3) establish an advisory board of nine members appointed by the staff director. Sets forth operational procedures for such a board. Directs the Secretary to require, as a condition to any grant, that an additional amount equal to twice the amount of such grant be provided from sources other than the Federal Government. Excludes from such additional amount indirect costs or in-kind contributions paid for under any Federal program. Prohibits any such indirect costs or in-kind contributions from exceeding 50 percent of the non-Federal additional amount. Directs the Secretary to develop a plan to evaluate such programs to: (1) determine the impacts of such programs on the small businesses assisted; (2) determine the amount of export sales generated by such businesses; and (3) make recommendations concerning continuation and/or expansion of the program. Requires the establishment of at least one small business international program within each region of the Department of Commerce. Directs the Secretary of Commerce, through the International Trade Administration, to maintain a central clearinghouse for the collection, dissemination, and exchange of information between such programs. Authorizes appropriations for such programs through fiscal year 1983. Title III: National Export Council - Creates a National Export Council, composed of the Secretaries of State, Treasury, Agriculture, Commerce, Labor, and others, to serve as a national advisory body on matters relating to United States export trade. Requires the Council to: (1) evaluate the export promotion and development activities of the communities represented by its membership; (2) examine specific problems which business, industrial, and agricultural practices may cause for export trade; (3) examine the needs of business, industry, and agriculture to expand their efforts; and (4) recommend specific legislative and administrative solutions to these problems and needs. Directs the Council to: (1) act as a liaison among the communities represented by its membership; and (2) encourage the business, industrial, and agricultural communities to enter new foreign markets and to expand existing export programs. Sets forth administrative provisions for the Council. Requires an annual report to be submitted to the President and to Congress regarding the Council's activities. Requires the Council to make an annual report to the President and the Congress on its activities. Title IV: Commerce Department--Commercial Officers Overseas - Authorizes the Secretary of Commerce to appoint commercial ministers, commercial counselors, and commercial attaches with the rank and privileges of other ministers, counselors, and attaches in the United States embassies and consulates, to: (1) provide trade and commercial services, such as the protection and promotion of United States trade and commercial interests and investments in their districts; (2) engage in promotion of United States exports; (3) file semiannual reports to the Secretary on market, industrial, and commodity conditions in their districts and on the implementation of multilateral and bilateral trade agreements; and (4) maintain current data on the commercial standing and capacity of foreign firms within their districts. Provides for domestic assignment, office logistics, allowances and benefits of such ministers, counselors, and attaches.
United States · United States Congress · 16 April 1980
Expresses the sense of the Senate that the President should: (1) request the Soviet Union to exchange scientific data regarding the outbreak of pulmonary anthrax near Sverdlovsk as provided for by the convention prohibiting bacteriological (biological) and toxin weapons; or (2) take appropriate international procedures or lodge a complaint with the United Nations Security Council, if the Soviet Union fails to make available such data.
United States · United States Congress · 15 April 1980
Amends the Internal Revenue Code to exclude from gross income interest or dividends earned on savings deposits which are used by the deposit institution for residential mortgage lending purposes.
United States · United States Congress · 20 March 1980
Small Business Regulatory Information Act of 1980 - Requires each agency to publish in the Federal Register along with each proposed or promulgated rule the standard industrial classification code for each industry affected by such rule. Requires the Director of the Federal Register to establish (in the Office of the Federal Register) a Small Business Information Center to provide a listing of rules applicable to any industry within a specified standard industrial classification.
United States · United States Congress · 18 March 1980
Rescinds $229,000,000 in appropriations provided for the purchase of furniture by Federal agencies and departments in fiscal year 1980. Requires the Director of the Office of Management and Budget to allocate such rescission among the agencies and departments and to report to the Committees on Appropriations of the House of Representatives and the Senate concerning the allocation. Rescinds $15,000,000 in appropriations made to the Federal Buildings Fund for the rental of space in fiscal year 1980.
United States · United States Congress · 4 March 1980
Title I: Amendments to Small Business Administration Business Lending Authority - Amends the Small Business Act and the Small Business Investment Act of 1958 to consolidate measures governing the granting of loans by the Small Business Administration to: (1) small businesses; and to (2) State and local development companies. Increases the total amount of loans which may be made to a borrower other than a State or local development company. Repeals measures which established unique programs for: (1) trade adjustment loans made to assist any firm to adjust to changed economic conditions resulting from increased competition from imported articles; (2) loans for businesses made with emphasis on the preservation or establishment of small business concerns located in urban or rural areas with high proportions of unemployed or low-income individuals or owned by low-income individuals; and (3) loans for small businesses involved in solar energy, other forms of renewable energy, and energy conservation. Prohibits the application of the National Environmental Policy Act of 1969 to any agreement to make or guarantee any assistance under the Small Business Act. Eliminates certain requirements of the annual report made by the SBA to the President and the Congress.
United States · United States Congress · 4 March 1980
Expresses the sense of the Senate that the first concurrent resolution on the budget for fiscal year 1981 reported by the Committee on the Budget shall limit budget outlays to 21 per cent of the gross national product.
United States · United States Congress · 26 February 1980
Legal Services Corporation Act Amendments of 1980 - Authorizes appropriations for the Legal Services Corporation for fiscal years 1981, 1982, and 1983.
United States · United States Congress · 26 February 1980
Congratulates the members of the 1980 U.S. Winter Olympic team, its coaches and officials for a job well done. Recognizes the International Olympic Committee, the U.S. Olympic Committee, the Lake Placid Olympic Organizing Committee and the people of the Lake Placid area for their successful efforts in organizing and producing the XIII Winter Olympic Games.
United States · United States Congress · 5 February 1980
Authorizes additional expenditures by the Senate Select Committee on Small Business for inquiries and investigations from March 1, 1980, through February 28, 1981, not to exceed $333,812.
United States · United States Congress · 4 February 1980
Amends the Clayton Act to prohibit the direct or indirect restriction by any person engaged in commerce on the use of credit instruments in any transaction concerning the sale, resale, or transfer of gasohol or other synthetic motor fuel, where there is no similar restriction on transactions concerning conventional motor fuel. Prohibits any other condition, restriction, agreement, or understanding which otherwise discriminates against or unreasonably limits the sale, resale, or transfer of gasohol or other synthetic motor fuel.
United States · United States Congress · 4 February 1980
Postpones the date for conversion to ad valorem equivalents of specific rates of duty for unwrought lead other than lead bullion from January 1, 1980, to January 1, 1982.
United States · United States Congress · 30 January 1980
Amends the Internal Revenue Code to create a category of incentive stock options for employees, who would not be required to pay tax at the time such an option is exercised and would receive capital gains treatment on the proceeds of any subsequent sale of such stock. Denies the employer any deduction with respect to such stock either at the time of option exercise or at the time of subsequent sale. Requires the issuance of any such option, with shareholder approval, at 100 percent of fair market value. Accepts any stock later determined to be undervalued if issued with a good faith effort to make such issue at not less than fair market value. Allows exercise of such option up to ten years after issuance, and in any sequence. Limits long-term capital gain treatment to the sale of incentive stock held by the employee at least two years after the grant of the option and one year after exercise. Subjects any such stock sold within two years after option grant to ordinary income treatment. Requires an employee to remain an employee continuously from grant to three months prior to exercise. Prohibits the employee from owning more than ten percent of the voting power or value of the stock of the company unless the option price is at least 110 percent of fair market value.
United States · United States Congress · 29 January 1980
Expresses the gratitude of the Senate for the forceful action of Colonel Ishmail Kahn and Mr. Bill Hamidullah in repelling the attackers of the International School of Islamabad in Pakistan.
United States · United States Congress · 25 January 1980
Amends the Small Business Act to increase loan authorizations to small business concerns for solar energy and energy conservation measures from $30,000,000 to $60,000,000 in direct and immediate participation loans and from $45,000,000 to $90,000,000 in guaranteed loans.
United States · United States Congress · 25 January 1980
Amends the Internal Revenue Code to increase the zero bracket amount for heads of households from $2,300 to $3,400 (the same level as that for married individuals filing a joint return).
United States · United States Congress · 24 January 1980
Family Business Protection Act of 1980 - Amends the Internal Revenue Act, with respect to estate taxes, to reduce the value of any jointly held interest in a decedent's gross estate by up to 50 percent (not to exceed $500,000) of any real or tangible property devoted to use as a farm or to use in any other trade or business, where decedent's spouse and/or children materially participated in the operation of such farm, trade or business. Specifies a formula for the computation of the special value of any such interest. Imposes an additional tax to recapture any such tax benefits if the spouse and/or child dispose of any interest in such property within five years following the decedent's death.
United States · United States Congress · 20 December 1979
Emergency Home Purchase Assistance Authority Amendments of 1979 - Amends the National Housing Act to remove the specific dollar limitations on the original principal obligation of a mortgage which may be purchased by the Government National Mortgage Association (GNMA) under the Emergency Home Purchase Assistance Act. Limits such purchasing authority to mortgages in an amount which would make a residence or project eligible for mortgage insurance under the applicable Federal insurance program. Permits such amounts to be raised by up to ten percent in high cost areas determined by the Secretary of Housing and Urban Development. Limits the sales price of a principal residence covered by a mortgage which may be purchased under the emergency authority of the GNMA to 105 percent of such maximum mortgage amount which may be raised an additional ten percent in high-cost areas. Eliminates the 7 1/2 percent interest rate limitation on mortgage loans eligible for purchase. Permits the Secretary to establish the maximum interest rate at a level consistent with market conditions provided it does not exceed the maximum rate on mortgages eligible for Federal insurance.
United States · United States Congress · 20 December 1979
Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to provide coverage under the Medicare and Medicaid programs for the services of a clinical social worker.
United States · United States Congress · 20 December 1979
Subchapter S Capital Formation Act of 1979 - Amends the Internal Revenue Code: (1) to increase from 15 to 100 the maximum permissible number of shareholders of a Subchapter S corporation; and (2) to allow additional classes of stock in such corporations so long as the issuance of such stock will not have any effect upon the allocation of income among the shareholders of the corporation.
United States · United States Congress · 20 December 1979
Amends the Internal Revenue Code to require that an early W-2 be furnished to a terminated employee before January 31 only upon the receipt of a written request. Requires an employer to furnish an employee whose employment is terminated before the close of a calendar year a general written notice stating that: (1) the employee may request in writing that W-2 information be provided within 30 days of such request if earlier than January 31; (2) an amount of Federal taxes has been withheld; and (3) if the employee is entitled to a refund, he must file a Federal tax return based on information which, unless a request is made by the employee, will be sent to him at his last known address before January 31 of the next calendar year.
United States · United States Congress · 20 December 1979
Amends the Domestic Volunteer Service Act of 1973 to establish a Presidential Commission on National Service to examine the need and feasibility of establishing a comprehensive national service program. Requires the Commission to submit to Congress and the President interim reports and a final report on its examination accompanied by any legislative recommendations. Directs the President or an agency head designated by the President: (1) upon submission of such report, to ascertain the views of agencies affected by the Commission's recommendations; (2) to report to Congress on the feasibility and cost of implementing such recommendations; and (3) to submit a final report to Congress detailing the actions taken by executive agencies with respect to such recommendations. Terminates the Commission 180 days after the submission of its final report.
United States · United States Congress · 20 December 1979
Expresses the Senate's support for efforts to win the freedom of the hostages in Iran. Calls upon all nations to join in cooperative efforts to restrict relations with Iran. Declares that: (1) any trial or public exploitation of the hostages would be viewed as added provocation; and (2) the American people will not be diverted from their determination that the hostages be freed.
United States · United States Congress · 19 December 1979
Occupational Safety and Health Improvements Act of 1980 - Amends the Occupational Safety and Health Act of 1970 to exempt employers who maintain workplaces which qualify as non-hazardous, according to specified standards, from inspections or investigations, with specified exceptions. Directs the Secretary of Labor to enter into agreements with State workers' compensation or other appropriate State agencies under which such State agency will submit an annual list of all employers having one or more reported occupational injuries resulting in two or more lost workdays during the preceding year. Requires employers wishing to claim qualification for such exemptions to file an affidavit with the Secretary relating to the safety records of their workplaces. Limits the type or the amount of penalties which may be assessed against employers who maintain an advisory safety committee and a regular consultation program. Requires employers who qualify for exemptions from inspections or limitations on penalties to maintain records to which the Secretary has access. Provides for review by the Occupational Safety and Health Review Commission and a U.S. court of appeals of rulings by the Secretary that workplaces do not qualify for exemptions from inspection or limitations on penalties. Prohibits considering consultant or committee reports or recommendations or employee assurances under this Act as evidence of a willful violation of such Act if the employer had a reasonable, good faith belief that the condition involved was not a violation. Prohibits specified liability claims against committees or consultants. Directs the Secretary to: (1) assist State agencies to make necessary procedural modifications; (2) report to Congress on State participation; (3) advise employers and employees of the provisions of this Act; (4) require inclusion of the provisions of this Act, or of similar provisions, for approval of State plans; (5) develop and implement other means to identify workplaces qualifying for exemption, as an alternative to the affidavit process; and (6) explore and report on other means to encourage voluntary self- initiative in workplaces to improve safety and health conditions. Authorizes the Secretary to make grants to State agencies to improve their administration of State workers' compensation programs. Authorizes appropriations in specified amounts through fiscal year 1985 for such purpose. Declares the effective date of this Act to be January 1, 1981.
United States · United States Congress · 19 December 1979
Used Machinery Investment Credit Adjustment Act of 1979 - Amends the Internal Revenue Code to increase from $100,000 to $200,000 the cost of used property which is eligible for the investment tax credit.
United States · United States Congress · 14 December 1979
Small Business Tax Reduction Act of 1979 - Amends the Internal Revenue Code to reduce the tax on corporate income: (1) from 17 percent to 15 percent of the first $25,000; (2) by increasing the range of the 30 percent rate from $50,000-$75,000 to $50,000-$100,000; (3) by increasing the range of the 40 percent rate from $75,000-$100,000-$100,000-$150,000; and (4) by including the minimum threshold for the 46 percent rate from $100,000 to $150,000.
United States · United States Congress · 7 December 1979
Amends the Inland Waterway Authorization Act of 1978 to extend the deadlines for the Upper Mississippi River Basin Commission to submit a preliminary plan and a final master plan to Congress for the management of the Upper Mississippi River System.
United States · United States Congress · 5 December 1979
Establishes the Patent and Trademark Office as an independent Government agency. Designates the Commissioner of Patents and Trademarks as the Chief Officer of the Office. Declares that the Commissioner shall be appointed to a six-year term of office and shall be removable from office by the President with the consent of the Senate, only for good cause. Sets forth conforming amendments.
![Official portrait of Sen. Nelson, Gaylord [D-WI]](https://www.congress.gov/img/member/n000033_200.jpg)