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Official portrait of Sen. Proxmire, William [D-WI]

Sen. Proxmire, William [D-WI]

United States · Official source

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1,556 records where Sen. Proxmire, William [D-WI] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· SS. 2300 (97th)open

Fair Practices in Automotive Products Act

United States · United States Congress · 30 March 1982

Fair Practices in Automotive Products Act - Title I: Domestic Content Requirements for Motor Vehicles - Sets forth for all motor vehicle manufacturers which produce over 100,000 motor vehicles for ultimate retail sale in the United States "minimum domestic content ratios" (the domestic value, including labor and parts, of the manufacturer's production costs of all automotive products sold in the United States). Requires all vehicle manufacturers producing more than 50,000 motor vehicles for sale in the United States to provide information to the Secretary of Transportation for the purpose of administering this requirement. Authorizes the imposition of import restrictions on manufacturers violating such standards. Title II: Unfair Actions Affecting Domestic Parts Manufacturers - Makes it unlawful for any vehicle manufacturer to refuse to determine whether parts produced in the United States by a parts manufacturer satisfy reasonable replacement part standards established by the vehicle manufacturer. Makes violators civilly liable to the United States.

Bill· SJRESS.J.Res. 177 (97th)reported

A joint resolution to express the sense of the Congress that the United States and the Soviet Union should engage in substantial, equitable, and verifiable reductions of their nuclear weapons in a manner which would contribute to peace and stability.

United States · United States Congress · 30 March 1982

Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from amassing nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.

Resolution· SRESS.Res. 352 (97th)open

A resolution to oppose the elimination of or reduction in the cost-of-living adjustments (COLA's) in Social Security benefits prior to the time that the National Commission on Social Security Reform has reported its findings and recommendations.

United States · United States Congress · 30 March 1982

Expresses the sense of the Senate that cost of living adjustments in social security benefits should not be eliminated or reduced before the findings and recommendations of the National Commission on Social Security Reform have been considered by the President and Congress.

Resolution· SCONRESS.Con.Res. 76 (97th)open

A concurrent resolution expressing the sense of the Congress with respect to the situation of two Russian families who have sought refuge in the United States Embassy in Moscow because of the suppression of their Pentecostal faith by the Government of the Soviet Union.

United States · United States Congress · 22 March 1982

Expresses the sense of the Congress that the President should: (1) express to the Soviet Union the United States' deep concern about the Soviet Union's depriving the Vashchenko and Chmykhalov families of religious freedom and refusing them permission to emigrate; (2) ensure that such families may reside in the U.S. embassy in Moscow until the Soviet Union authorizes their emigration; and (3) ensure provision of assistance for such families during their residence in the embassy.

Bill· SS. 2222 (97th)referred

Immigration Reform and Control Act of 1982

United States · United States Congress · 17 March 1982

Immigration Reform and Control Act of 1982 - Title I: Control of Illegal Immigration - Part A: Employment - Amends the Immigration and Nationality Act to make it unlawful for a person to knowingly hire, recruit, or refer any alien not authorized to work. Makes following the appropriate verification procedures an affirmative defense for an employer so charged. Sets forth a transitional verification procedure (for the first three years) under which an employer must attest that he or she has examined the alien's identity and work eligibility papers (passport, social security card, etc.). Requires the President to implement a secure verification system within three years. Prohibits the use of this system or any required identification document for other law enforcement purposes. Sets forth graduated civil and criminal penalties for verification violations. Directs the Attorney General, in cooperation with the Secretaries of Commerce, Labor, and Agriculture, and the Administrator of the Small Business Administration, to inform employers, employment agencies, unions, and the public about these requirements. Authorizes appropriations for FY 1983. Makes it illegal to fraudulently misuse or manufacture entry or work documents (up to $5,000 fine or five years' imprisonment or both). Part B: Enforcement and Fees - Makes it unlawful for a person to knowingly or in reckless disregard of the fact that an alien is not authorized to enter the United States, bring such person into the country (up to $2,500 or one year's imprisonment or both). Expresses the sense of Congress that: (1) Immigration and Naturalization Service (INS) enforcement activities and resources should be increased; and (2) the Attorney General should use his existing authority under such Act to impose maintenance and operating fees for an alien's use of INS border facilities and services. Part C: Adjudication Procedures and Asylum Inspection and Exclusion - Establishes in the Department of Justice a United States Immigration Board to hear appeals from final decisions of administrative law judges under such Act. Provides that the Chairman of such Board shall appoint these administrative law judges. Grants such judges responsibility over cases of exclusion, deportation, status recission, and asylum. Requires exclusion appeals to be filed with the Board (rather than with the Attorney General) within 15 days. Limits judicial review in exclusion and asylum cases to the question of habeas corpus. Reduces the period for filing a petition for judicial review of final orders of exclusion, deportation, and asylum from six months to 30 days. Revises asylum provisions to: (1) require an alien under an exclusion or deportation order to apply for asylum within 14 days after notice of such order unless changed circumstances in the alien's country cause a change in asylum eligibility; (2) prohibit an alien from reapplying for asylum after having been denied such status unless such changes have occurred; (3) require asylum applications to be heard before administrative law judges having special training in international law; (4) permit legal counsel at asylum hearings; (5) require an alien to be an admissible refugee in order to be granted asylum; (6) place the burden of proof on the applicant; and (7) prohibit the reopening of an application proceeding unless changed circumstances in the alien's country cause a change in asylum eligibility. Requires the President to nominate members of the Board within 45 days. Sets forth administrative and operating provisions for the transfer of asylum proceedings from the existing special inquiry system to the administrative law judge system. Authorizes appropriations for such purpose for FY 1983. Part D: Adjustment of Status - Prohibits adjustment of status to permanent resident for violators of (nonimmigrant) visa terms. Title II: Reform of Legal Immigration - Part A: Immigrants - Revises numerical limitation provisions to: (1) establish a "family reunification" category of 325,000 (minus the number of prior-year immediate relatives); (2) establish an "independent" category of 100,000 (minus the number of prior-year special immigrants); and (3) permit 40,000 annual entrants each from Mexico and Canada, which each country entitled to the other's unused visas. Sets forth family reunification preference allocations as follows: (1) unmarried sons and daughters of U.S. citizens; (2) spouses and children of permanent residents; (3) married sons and daughters of U.S. citizens; and (4) brothers and sisters of U.S. citizens with already approved visas. Sets forth "independent" preference allocations as follows: (1) aliens of exceptional ability; (2) skilled workers; (3)) investors; (4) unskilled workers; and (5) nonpreference workers. Sets forth an interpreference allocation guide. Provides that labor certifications will be granted on the basis of national job market data, and requires a finding that U.S. workers could not be trained (or be presently available) within a reasonable period of time. Includes within the definition of "special immigrant" Amerasian children who: (1) are unmarried and between 14 and 21 years old; (2) were fathered by a U.S. citizen on active duty in Korea, Vietnam, Cambodia, or Laos, and subject to discrimination in such countries; (3) are orphans or have been put up for adoption; and (4) are coming to the United States to be adopted by a U.S. citizen or citizens. Limits such annual entrants to 2,000. Terminates such category after five years. Includes within the definition of "special immigrant" unmarried sons and daughters and surviving spouses of employees of certain international organizations. Part B: Nonimmigrants - Limits (H-2 visa) temporary workers to a maximum stay of eight months per year unless the Secretary of Labor extends such period. Requires an employer petition (to bring in such workers) to certify that: (1) there are not enough U.S. workers for the job; and (2) similarly employed U.S. workers' wages will not be adversely affected. Provides that: (1) employers need not submit such petition more than 80 days in advance of need; and (2) the Secretary must make a decision on a petition within 20 days of need, or else the petition is considered approved. Provides for a seven-day expedited certification. Requires the Secretary, in consultation with the Attorney General and the Secretary of Agriculture, to report annually to the Congress. Authorizes appropriations beginning with FY 1983 to recruit domestic workers and monitor the nonimmigrant worker program. Directs the Secretary of Labor to report on the H-2 worker program to Congress within six months. Prohibits foreign students from adjusting their status to permanent resident unless they are immediate relatives of U.S. citizens. Requires foreign students to return to their home country for two years before being eligible to apply for a U.S. permanent resident visa. Authorizes the Attorney General and the Secretary of State to establish a three-year pilot visa waiver program for up to five countries providing a similar benefit to the United States. Sets forth program provisions. Title III: Legalization - Authorizes adjustment of status to permanent resident for specified undocumented aliens who have resided in the United States since January 1, 1978. Authorizes a temporary resident status for Cuban/Haitian entrants and for specified undocumented aliens who have resided in the United States since January 1, 1980. Permits such temporary resident aliens to: (1) work in the United States; and (2) apply for permanent resident status after two years. Makes temporary residents (other than Cuban/Haitian entrants) ineligible for Federal public assistance (other than medical care, aid to the aged, blind, or disabled, and public health). Prohibits the legalization of persons: (1) convicted of a felony or three or more misdemeanors in the United States; or (2) who have taken part in political, religious, or racial persecution. Directs the Attorney General, in cooperation with designated voluntary agencies and the Secretary of Labor, to disseminate information about such status legalization program. Authorizes appropriations for such program for FY 1983.

Resolution· SCONRESS.Con.Res. 73 (97th)passed

A concurrent resolution to condemn the Iranian persecution of the Bahai community.

United States · United States Congress · 17 March 1982

Condemns the religious persecution by Iran of persons of the Baha'i faith. Holds Iran responsible for upholding the rights of all its citizens. Expresses the hope that the discrimination against and executions of the Baha'is will cease. Urges Iran to end the executions.

Bill· SS. 2210 (97th)open

Commodity Exchange Act Fraud Amendments of 1982

United States · United States Congress · 16 March 1982

Commodity Exchange Act Fraud Amendments of 1982 - Amends the Commodity Exchange Act to specify areas of exclusive Commodity Futures Trading Commission (Commission) jurisdiction, and to permit States to exercise jurisdiction over specified off-exchange transactions, including dealer options and leverage transactions. Requires registration of persons associated with commodity pool operators (CPOs) and commodity trading advisors (CTAs). Requires that the States be notified of any Commission registration application. Permits States to petition the Commission to suspend or revoke such applications. Eliminates the requirement that the Commission give notice before seeking a temporary restraining order. Authorizes State enforcement of State antifraud or commodity and security antifraud statutes, except against contract markets, clearinghouses, or floor brokers. Provides for information sharing with the States to facilitate enforcement proceedings. Makes specified criminal penalties applicable to all registrants. Provides for a private right of action under such Act in the United States district courts. Increases damages for failure to comply with a Commission reparation order.

Resolution· SCONRESS.Con.Res. 69 (97th)referred

A concurrent resolution urging the Soviet Union to allow Ida Nudel to emigrate to Israel and for other purposes.

United States · United States Congress · 15 March 1982

Expresses the sense of the Senate that the President should: (1) continue to express U.S. opposition to the forced exile of Ida Nudel; (2) urge the Soviet Union to provide her with adequate medical care and allow her to emigrate; and (3) inform the Soviet Union that the United States will consider the extent to which countries honor their commitments under international law when evaluating U.S. relations with such countries.

Resolution· SCONRESS.Con.Res. 68 (97th)open

A concurrent resolution regarding membership in the United Nations General Assembly.

United States · United States Congress · 11 March 1982

Declares that if Israel or any other democratic state is denied its rights and privileges in the United Nations' General Assembly the United States will suspend its participation in the General Assembly and will withhold its contribution to the United Nations until the action is reversed.

Bill· SS. 2179 (97th)open

War Powers Resolution Amendments of 1982

United States · United States Congress · 8 March 1982

War Powers Resolution Amendments of 1982 - Amends the War Powers Resolution to prohibit the use of U.S. armed forces in El Salvador for combat, unless: (1) Congress has declared war or enacted specific authorization for such use of U.S. armed forces; (2) the armed forces are necessary to meet a clear and present danger of attack upon the United States; or (3) they are necessary to meet a clear and present danger to U.S. citizens and to evacuate the U.S. citizens. Requires the President to describe in a report to Congress the grounds for sending the troops into El Salvador if they were not sent pursuant to a declaration of war or a specific congressional authorization.

Bill· SS. 2155 (97th)open

A bill to require a foreign country be declared to be in default before payments are made by the United States Government for loans owed by such country or credits which have been extended to such country which have been guaranteed or assured by agencies of the United States Government.

United States · United States Congress · 2 March 1982

Requires a foreign country to have been declared in default to a private individual or corporation before the Treasury may make payments to such individual or corporation on federally guaranteed loans to the country.

Bill· SS. 2162 (97th)open

Truth in Budgeting Act of 1982

United States · United States Congress · 2 March 1982

Truth in Budgeting Act of 1982 - Amends the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the totals of the budget of the United States Government. Authorizes the Director of the Office of Management and Budget to issue regulations providing that the budget authority and outlays arising from the Federal Financing Bank's operations shall be charged to the account of the appropriate Federal agency. Prohibits a Federal agency from: (1) issuing or selling an obligation of a type ordinarily financed in investment securities markets unless that obligation is first offered for sale to the Bank; or (2) guaranteeing such an obligation unless the terms of the guarantee will cease to be effective if the obligation is held by any person or governmental entity other than the guaranteeing agency or the Bank. Permits the Secretary of the Treasury to waive such requirements with respect to the types of obligations that the Secretary determines are not appropriate investments for the Bank.

Resolution· SRESS.Res. 322 (97th)open

A resolution expressing the sense of the Senate with respect to possible actions taken to expel Israel from the General Assembly of the United Nations.

United States · United States Congress · 24 February 1982

Expresses the sense of the Senate that if Israel is expelled from the United Nations General Assembly or if Israel's credentials are suspended or denied by the General Assembly the United States will withhold: (1) its participation from the General Assembly; and (2) its assessed contributions to the United Nations.

Bill· SS. 2127 (97th)open

Competition in Contracting Act of 1982

United States · United States Congress · 23 February 1982

Competition in Contracting Act of 1982 - Title I: Amendments to Federal Property and Administrative Services Act of 1949 - Amends the Federal Property and Administrative Services Act of 1949 to revise the procedures for soliciting and awarding bids for Government contracts. Requires executive agencies (excluding military departments, the Coast Guard, and the National Aeronautics and Space Administration) to use competitive procedures in making purchases and contracts for property and services. Directs agencies to solicit a sufficient number of bids, without bias, to achieve effective and efficient competition. Permits agencies to use noncompetitive procurement procedures only when: (1) there is only one source of the property or services needed; (2) the delay involved in using competitive procedures would seriously injure the Government; (3) it is necessary to award the contract to a particular source to maintain an essential industrial capacity in the United States or to achieve national industrial mobilization; (4) an agreement with a foreign government requires such procedures; (5) a statute requires that the procurement be made through another agency or a specific source; or (6) disclosure of an agency's needs to more than one source would compromise the national security. Requires that each solicitation for bids disclose: (1) the factors the agency will use in evaluating bids; (2) the agency's objectives in procuring the property or services; (3) whether the bids will be evaluated with or without discussion; and (4) the time and location for the opening of bids. Requires each agency to evaluate bids on the basis of price and other appropriate factors. Permits an agency to discuss bids with bidders when necessary before awarding a contract. Prohibits discussion if the Government's needs and the terms of the contract are sufficiently described to permit: (1) sources to prepare and submit bids on an informed and timely basis; and (2) the agency to evaluate all bids on a common and timely basis. Directs an agency to notify all bidders when procurement is awarded. Requires an agency to direct the Secretary of Commerce to publish a notice of: (1) the agency's intention to use competitive procedures to purchase property or services costing over $25,000; (2) the agency's intention to use noncompetitive procedures to procure property or services costing over $75,000; or (3) an actual purchase or contract award exceeding an amount specified by the Administrator of Federal Procurement Policy. Requires such a notice for noncompetitive procurement to be published at least 30 days before the contract is awarded and to include: (1) the names of sources to be solicited; (2) the property or services to be procured; (3) the estimated value of the procurement; and (4) a statement that any person may submit bids within 30 days. Exempts certain procurement activities from such notice requirements. Requires agencies to maintain records of noncompetitive procurements during each fiscal year. Declares that such records shall include a justification of each use of competitive procedures and shall be available to any Member of Congress. Title II: Amendments to Title 10, United States Code - Revises procurement procedures for military departments, the Coast Guard, and the National Aeronautics and Space Administration to correspond with procurement procedures for executive agencies under title I of this Act. Title III: Applicability - Declares that this Act shall become applicable 60 days after enactment of this Act.

Resolution· SCONRESS.Con.Res. 59 (97th)open

A concurrent resolution concerning tax-exempt status of private schools.

United States · United States Congress · 28 January 1982

Expresses the sense of the Congress that current Federal law authorizes and requires the Internal Revenue Service to deny tax-exempt status and deductibility of contributions to private schools that practice racial discrimination.

Bill· SS. 2012 (97th)open

A bill to amend the Internal Revenue Code of 1954 to limit the deduction of living expenses by Members of Congress and to eliminate the provision which allows such deduction without substantiation of such expense.

United States · United States Congress · 25 January 1982

Amends the Internal Revenue Code to limit to $3,000 the amount of living expenses which Members of Congress may deduct from their incomes. Repeals the provision allowing such tax deduction without substantiation.

Bill· SS. 1992 (97th)open

Voting Rights Act Amendments of 1982

United States · United States Congress · 16 December 1981

Amends the Voting Rights Act of 1965 to extend from August 6, 1982, to August 6, 1984, the current preclearance requirements (under which jurisdictions covered through the triggering mechanism must submit proposed electoral changes to the Department of Justice). Establishes a new standard for jurisdictions to "bail-out" of these requirements effective August 6, 1984. Permits political subdivisions of covered States to bail-out independently of the State. Conditions a declaratory judgment for bail-out on the jurisdiction's showing that it and all its political subdivisions have met the bail-out requirements for a ten-year period prior to the filing of the suit. Includes among the requirements for bail-out that: (1) no test or device has been used to discriminate on account of race, color, or language; (2) no actions alleging voting discrimination are pending or have gone to final judgment; (3) no Federal examiner has served in the jurisdiction seeking bail-out; (4) the jurisdiction and all its subdivisions have complied with the preclearance requirements; and (5) the jurisdiction and its subdivisions have taken affirmative steps to protect voting rights. Stipulates that lawsuits filed during pendency of the bail-out litigation will not bar bail-out. Subjects the jurisdiction to the preclearance requirements if any such lawsuit alleging voting violations is successful after bail-out. Restates the prohibition against voting discrimination to include as a violation conduct which has the effect of discrimination. Stipulates that the failure of a minority to be proportionately represented does not itself constitute a violation. Extends the bilingual election requirements from August 6, 1985, to August 6, 1992. Declares that nothing in the Voting Rights Act shall be construed to permit assistance within the voting booth, unless the voter is blind or physically incapacitated.

Bill· SS. 1925 (97th)referred

Oil Windfall Acquisition Act of 1981

United States · United States Congress · 9 December 1981

Oil Windfall Acquisition Act of 1981 - Amends the Clayton Act to prohibit any major producer of crude oil and natural gas liquids from acquiring control or a majority of the assets of: (1) any other person in the business of energy exploration, extraction, production, or conversion, if such person has total assets of $250,000,000 or more and if the acquired majority of such person's assets totals such amount; or (2) any person not in such business if such person has total assets of $100,000,000 or more and if the acquired majority of such person's assets totals such amount. Declares that such prohibition shall not apply to: (1) an acquisition which would substantially enhance competition in domestic or foreign commerce or promote energy exploration, extraction, production, or conversion; or (2) the formation of joint undertakings for energy exploration, extraction, production, conversion, transportation, or distribution. Treats the acquisition of assets over three years as a single acquisition. Directs a court, whenever a challenged acquisition has been consummated, to issue an order to ensure that the assets and operations of the parties to the acquisition are kept intact and held separate and that the parties do not interfere with or participate in the management or internal affairs of one another pending final adjudication. Specifies time limitations for actions brought by the Attorney General to enforce this Act. Directs the Federal Trade Commission to report to Congress on the impact and effectiveness of this Act.

Bill· SS. 1927 (97th)referred

Small and Independent Business Protection Act of 1981

United States · United States Congress · 9 December 1981

Small and Independent Business Protection Act of 1981 - Prohibits a person from merging or consolidating with, or acquiring a majority of the stock or assets of, any other person engaged in commerce if: (1) each person has assets or sales exceeding $500,000,000; or (2) one person has assets or sales exceeding $500,000,000 and the other person has 20 percent or more of the sales in any significant market during the year immediately preceding the acquisition. Specifies affirmative defenses for such transactions. Vests the authority to enforce compliance with this Act in the Attorney General of the United States and the Federal Trade Commission (FTC). Requires that procedures be adopted by which parties to such a transaction can ascertain if their transaction falls within the terms of one of the affirmative defenses, unless there is proof that such advice was based upon an intentional misstatement by the party requesting the advice. Permits injunction relief for private parties in the same manner as prescribed in the Clayton Act.

Bill· SS. 1926 (97th)referred

Domestic Petroleum Company Acquisition Act of 1981

United States · United States Congress · 9 December 1981

Domestic Petroleum Company Acquisition Act of 1981 - Amends the Clayton Act to direct the Secretary of Energy to undertake a comprehensive study of the effects of acquisitions of domestic petroleum companies by major international energy concerns and to report the findings to Congress. Prohibits, between January 1, 1982, and September 30, 1982, any major international energy concern from acquiring more than five percent of a domestic petroleum company.

Resolution· SCONRESS.Con.Res. 52 (97th)referred

A concurrent resolution expressing the sense of the Congress that members of the National Guard of the United States and the Reserve forces of the Armed Forces of the United States deserve public recognition for their vital contribution to our national defense and that members of these forces need the support and cooperation of their civilian employers in order to train and remain ready to respond to national emergencies.

United States · United States Congress · 8 December 1981

Expresses the sense of Congress that members of the National Guard and Reserve should be granted time off from their jobs for military training, exclusive of earned vacation, and given equal consideration for job benefits and promotions as other employees.

Bill· SS. 1890 (97th)open

A bill to authorize the Secretary of the Interior to disburse certain trust funds of the Lac Courte Oreilles Band of Lake Superior or Chippewa Indians of Wisconsin, and for other purposes.

United States · United States Congress · 24 November 1981

Authorizes the Secretary of the Interior to disburse certain trust funds of the Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin. Requires that such disbursement be used to cover or reduce a bank overdraft incurred by the tribe in support of administration of Federal contracts. Authorizes the Secretary to reimburse the tribe, if the United States adjusts the accounts of Indian tribes or organizations administering Federal contracts, for the underrecovery of contract support money.

Law· SS. 1838 (97th)enacted

An act for the relief of Cesar Noel Jump.

United States · United States Congress · 12 November 1981

Declares a named individual to have been lawfully admitted to the United States for permanent residence under the Immigration and Nationality Act.

Resolution· SCONRESS.Con.Res. 47 (97th)open

A concurrent resolution expressing the sense of the Congress with respect to the imprisonment and treatment by the Government of the Soviet Union of Alexander Paritsky and his family.

United States · United States Congress · 10 November 1981

Expresses the sense of the Congress that the President should: (1) express U.S. opposition to the imprisonment of Alexander Paritsky; (2) urge the Soviet Union to release him from prison, to stop harassing him and his family, and to permit him and his family to emigrate; and (3) inform the Soviet Union that the United States will consider the extent to which countries honor their commitments under international law when evaluating U.S. relations with such countries.

Resolution· SCONRESS.Con.Res. 46 (97th)passed

A concurrent resolution expressing the sense of the Congress with regard to the mutual security efforts of the United States and Japan.

United States · United States Congress · 9 November 1981

Expresses the sense of the Congress that: (1) the United States and Japan should exert maximum efforts to resist Soviet challenges to Asia; (2) Japan should make a greater contribution to its own defense; and (3) Japan's defense expenditures should be at least one percent of its gross national product.

Bill· SS. 1805 (97th)open

Federal Home Loan Mortgage Corporation Charter Act

United States · United States Congress · 4 November 1981

Federal Home Loan Mortgage Corporation Charter Act - Establishes the Federal Home Loan Mortgage Corporation under the direction of a Board of Directors. Declares that the Corporation shall have common stock, without par value, which shall be vested with all voting rights, each share being entitled to one vote at all elections of directors. Authorizes the Corporation to issue nonvoting common stock, with or without par value as shall be determined by the Board from time to time. Permits the Corporation to prohibit any person or organization from acquiring or voting the beneficial ownership of more than 25 percent of the shares of voting common stock. Permits the Corporation to have one or more classes of preferred stock. Entitles each class of preferred stock to annual dividends fixed by the Corporation at the time of issuance or sale of such class of preferred stock. Authorizes the Corporation to purchase, make commitments to purchase, lend on the security of, or otherwise deal in eligible mortgages. Prohibits the purchase of a conventional mortgage if the outstanding principal balance of the mortgage at the time of purchase exceeds 80 percent of the value of the property securing the mortgage except in specified circumstances. Authorizes the Corporation to borrow, to give security, to pay interest on other returns, and to issue notes, debentures, bonds, or other obligations, or other securities. Authorizes Federal home loan banks to provide financing to the Corporation during calendar year 1982 in the form of a passthrough of the proceeds of consolidated obligations shown by such banks. Authorizes the Federal Home Loan Bank Board to provide for the purchase by the Federal home loan banks of any obligations issued by the Corporation. Authorizes the Corporation to guarantee the timely payment of principal or interest on securities issued by any eligible seller which are based on or backed by a trust or pool of mortgages eligible for purchase by the Corporation. Empowers the Corporation, in connection with any guaranty under this Act, to provide for the extinguishment, upon default by the issuer, of any redemption, equitable, legal, or other right, title, or interest of the issuer in any mortgage or mortgages constituting the trust or pool against which the guaranteed securities are issued. Declares that all rights and remedies of the Corporation shall be immune from impairment, limitation, or restriction. Exempts the Corporation from all taxation, except real property, until such time as the Corporation shall pay a dividend with respect to shares of common stock. Exempts the Corporation from the provisions or requirements of the Securities Exchange Commission. Declares that the powers and functions of the Corporation and the Board of Directors shall be exercisable without regard to any other laws, except as otherwise provided in this Act, or as otherwise provided by the Corporation or by laws enacted by Congress.

Bill· SS. 1810 (97th)open

A bill to amend the Federal Deposit Insurance Act regarding insured mutual savings banks which convert into Federal mutual savings banks.

United States · United States Congress · 4 November 1981

Amends the Federal Deposit Insurance Act to require the Federal Deposit Insurance Corporation to indemnify the Federal Savings and Loan Insurance Corporation against any losses incurred by a converted mutual savings bank resulting from decline in market value of assets prior to conversion due to interest rate fluctuations. Extends such indemnification period from five to seven years. Directs the Federal Home Loan Bank Board, before acting on a proposed merger, branch, or other application involving a converted savings bank during such indemnification period, to request a report on the financial and managerial resources and future prospects of the proposed transaction from the Corporation. Directs the Corporation to furnish such report within specified time periods. Provides for arbitration by the Board of Governors of the Federal Reserve in the case of any proposed transaction when the Federal Home Loan Bank Board and the Corporation do not concur.

Bill· SS. 1706 (97th)open

Acid Deposition Control Act

United States · United States Congress · 6 October 1981

Acid Deposition Control Act - Amends title I of the Clean Air Act (Air Pollution Prevention and Control) to establish a new program (Interstate Transport and Acid Precursor Reduction) to: (1) regulate the long-range transport of pollutants and their transformation products; and (2) reduce acid compounds, and their precursors, in the atmosphere. Establishes a long-range transport corridor, the "acid deposition impact region," consisting of 31 States (east of or bordering the Mississippi River) and the District of Columbia. Directs the Administrator of the Environmental Protection Agency to: (1) conduct a study of air pollution problems associated with the long-range transport of pollutants in the portions of the continental United States not included in the acid deposition impact region; and (2) report the results to Congress within two years. Prohibits the increase of emissions of sulfur dioxide and of oxides of nitrogen from stationary sources in the acid deposition impact region over such total actual emissions there as of January 1, 1981. Prohibits any major stationary source in the region from significantly increasing such emissions, unless a not otherwise required net reduction of such regional pollution, in excess of the proposed increase, has been identified. Requires a ten-year phased reduction in annual emissions of sulfur dioxide in the region of 10,000,000 tons from the total 1980 level. Requires each State to achieve reductions in annual sulfur dioxide emissions according to a formula based on each State's share of utility emissions in the region. Permits State Governors to agree to reallot the required reductions. Requires each State in the region to adopt, within two years, enforcement measures to achieve such reduction. Directs the Administrator to approve such measures within four months if specified criteria are met. Sets forth a uniform sulfur dioxide emission limit for fossil-fuel-burning electric generating facilities (which are major stationary sources not subject to new performance standards) in any State that has not adopted, or has not had approved, such enforcement measures by such deadlines. Requires that owners or operators of such sources: (1) submit an approvable reduction plan and schedule within three years of enactment of this Act; (2) comply with such plan and schedule; and (3) achieve the required emission reduction at the earliest practicable date, but no later than ten years after enactment of this Act. Specifies methods or programs for enforceable net emission reduction that may be used by a State or the owner or operator of a source. Permits a State or owner or operator to substitute reduction in emissions of oxides of nitrogen for required sulfur dioxide emissions reductions, at a specified rate. Adds to State implementation plan requirements a prohibition of stationary source air pollutant emissions in amounts that will contribute to atmospheric loadings of pollutants or their transformation products so as to adversely affect public health or welfare or the environment in any other State or foreign country.