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United States · Official source
827 records where Sen. Ribicoff, Abraham A. [D-CT] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 8 December 1980
Extends the commendations of the Senate to Richard A. Wegman, Chief Counsel and Staff Director to the Committee on Governmental Affairs, 1975-1980, for his loyal and faithful service.
United States · United States Congress · 8 December 1980
Extends the commendation of the Senate to Eli E. Nobleman on his retirement as Counsel to the Committee on Governmental Affairs and names him "Counsel Emeritus" of such committee.
United States · United States Congress · 2 December 1980
Designates the Clinical Center of the National Institutes of Health located in Montgomery County, Maryland, as the Warren Grant Magnuson Clinical Center of the National Institutes of Health. Directs the Committee on Rules and Administration to place appropriate markers or inscriptions at suitable locations within such center to commemorate and designate such building.
United States · United States Congress · 1 October 1980
Grants citizenship posthumously to Douglas Clyde Macintosh.
United States · United States Congress · 30 September 1980
International Trade and Investment Reorganization Act - Establishes the Department of International Trade and Investment to coordinate U.S. policies for international trade, negotiate trade agreements, protect U.S. industry, agriculture, and labor from foreign competition, promote international trade, administer the U.S. Customs Service, and participate in the development of friendly countries. Transfers to the Department all functions of the Office of the U.S. Trade Representative, the U.S. Customs Service, the Export-Import Bank, and the Overseas Private Investment Corporation (OPIC). Transfers to the Department specified functions of the Departments of Commerce and Treasury and the International Trade Commission. Sets forth the administrative provisions applicable to the Department. Requires the Secretary of International Trade and Investment to report annually to the President for submission to Congress concerning the Department's activities. Makes the Secretary Chairman of the Board of OPIC (currently the Administrator of the Agency for International Development) and of the Export-Import Bank (currently the Bank's President). Makes the Director of the U.S. International Development Cooperation Agency an ex officio member of the OPIC Board.
United States · United States Congress · 26 September 1980
Extends the commendation of the Senate to the Honorable Elmer B. Staats, Fifth Comptroller General of the United States, on the conclusion of his long and distinguished public career.
United States · United States Congress · 24 September 1980
Grants, to a named estate, a credit against its obligation for Federal estate tax upon the transfer of specified valuables to the Smithsonian Institution.
United States · United States Congress · 22 September 1980
Amends the District of Columbia Self-Government and Governmental Reorganization Act to authorize the Council of the District of Columbia to enact legislation which concerns the functions of the United States if such functions relating to the District are performed by Federal officers or employees pursuant to an Act of Congress. Makes this provision applicable to Acts passed by the Council on or after April 22, 1980. Provides that the limitations on the Council for enactment of legislation with respect to the organization and jurisdiction of District of Columbia Courts shall not be construed as restricting its authority to provide by law the extent of such courts' jurisdiction to review orders and decisions of the Mayor, the Council, or any District agency. Declares that, though the Council has no authority to tax non-residents of the District, such restriction shall not be construed as prohibiting it from imposing a tax on incorporated or unincorporated businesses trading in the District. Directs that the limitations on the legislative authority of the Council be strictly construed in a manner consistent with the congressional purposes of the District of Columbia Self-Government and Governmental Reorganization Act.
United States · United States Congress · 22 September 1980
Directs the Comptroller General to settle a claim of a named newspaper for an advertisement published for the Department of the Army.
United States · United States Congress · 18 September 1980
Designates the week of October 6 through October 12, 1980, as "National Productivity Improvement Week."
United States · United States Congress · 17 September 1980
Establishes the United States Holocaust Memorial Council which shall: (1) provide and encourage appropriate ways for the Nation to observe the Days of Remembrance to commemorate the holocaust; (2) plan, erect, and oversee the operation of a memorial museum to the victims of the holocaust; and (3) plan for carrying out the recommendations of the report submitted to the President on September 27, 1979, by the President's Commission on the Holocaust. Authorizes the Council to receive public land in the District of Columbia on which it may erect the memorial. Terminates the Council's authority to construct a memorial if the erection of the memorial has not commenced within five years of enactment of this Act and sufficient funds to ensure completion of the memorial have not been certified to be available. Authorizes appropriations to carry out this Act.
United States · United States Congress · 15 September 1980
Disapproves the proposed export of low- enriched uranium to India pursuant to export license applications XSNM-1569 and XSNM-1379.
United States · United States Congress · 18 August 1980
Investment Tax Act of 1980 - Amends the Internal Revenue Code to allow individuals and corporations a deduction from gross income for a percentage of the cost of recovery property that is depreciable tangible property (equipment or machinery) used in a trade or business or held for the production of income, which is placed in service after December 31, 1980. Establishes four classes and recovery periods for such property: (1) Class 1, two years; (2) Class 2, four years; (3) Class 3, seven years; and (4) Class 4, ten years. Requires assignment of property to the class which has a recovery period at least 40 percent shorter than its present midpoint useful life under the Asset Depreciation Range (ADR). Permits the taxpayer to elect placement of any item of property in the class with the next longer recovery period than the class to which it would otherwise belong. Defines the recovery percentage as the percentage (100 percent, 150 percent, or 200 percent) selected by the taxpayer for a class of items, divided by the number of years in the corresponding recovery period. Requires a taxpayer to establish a recovery account for each class of recovery property. Sets forth formulae for additions to and reductions in such account. Limits the amount of a recovery deduction to the aggregate determined by applying the recovery percentage for each class of property to the balance in the recovery account for such class at the end of such year. Denies eligibility for such deduction to utility property, property subject to amortization, and property depreciable on a basis other than time. Increases from 20 percent to 30 percent the ADR variance from class life for public utility property. Revises the applicable percentage for determination of the investment tax credit to make eligible for such credit: (1) 25 percent of the basis of an asset if its useful life is between two and four years (currently, 33 1/3 percent if its useful life is between three and five years); (2) 60 percent of asset basis if its useful life is between four and seven years (currently, 66 2/3 percent if its useful life is between five and seven years); and (3) 100 percent of basis if its useful life is seven years or greater (currently, the same). Allows election of: (1) 20 year straight line depreciation, with Section 1250 recapture, for structures and structural components; and (2) 15 year straight line depreciation, with Section 1250 recapture, for low income housing. Disallows component depreciation for any taxpayer who elects either the 20 or 15 year straight line depreciation. Repeals provisions of the Code relating to: (1) amortization of real property construction period interest and taxes; and (2) additional first year depreciation allowances for small business. Allows an election to treat the first $50,000 (25,000 in the case of a married individual filing a separate return) of expenditures for depreciable equipment or machinery as currently deductible non-capital expenses. Provides for later recapture of such deductions. Limits such election to equipment or machinery placed in service after December 31, 1980. Increases from ten percent to 25 percent the rehabilitation tax credit for nonresidential structures.
United States · United States Congress · 5 August 1980
Approves the Protocol to the Agreement on Implementation of Article VII (Customs Valuation) of the General Agreement on Tariffs and Trade and the administrative action implementing such agreement. Authorizes the President to accept such Protocol if each major industrial country also accepts such Protocol. Makes such Protocol applicable only with regard to other countries which have accepted the obligations of such Protocol and are not otherwise denying adequate trade benefits to the United States. Specifies the relationship of such Protocol to U.S. law. Amends the Tariff Act of 1930, as amended by the Trade Agreements Act of 1979, to repeal a provision for accepting the transaction value, for purposes of customs valuation, of imported merchandise in a sale between a related buyer and seller, if such value approximates the transaction value in sales to unrelated buyers of identical merchandise produced in a different country. Amends the Tariff Schedules of the United States to make technical revisions in the tariff classifications of various chemicals. Authorizes the President to proclaim tariffs on specified chemicals. Subjects specified chemicals to any staged rate reductions proclaimed by the President for other specified chemical classifications.
United States · United States Congress · 31 July 1980
Service Industries Development Act - Authorizes the Secretary of Commerce to establish in the Department of Commerce a service industries development program. Lists the purposes of such program which include: (1) promoting the competitiveness of U.S. service firms and U.S. employees through economic policies; (2) promoting the use and sale of U.S. services abroad; (3) analyzing the effect on the international competitiveness of U.S. service industries of Government regulation, taxes, and antitrust policies; (4) collecting statistical information concerning domestic service industries; and (5) conducting a program of research and analysis of service-related issues and problems. Authorizes the Secretary to establish a Service Sector Consultative Committee to promote the development and competitiveness of U.S. service firms. Sets forth the purposes of the Committee which include: (1) advising the Department on measures the Government may take to enhance the competitiveness of the private sector; (2) acting as a liaison between the Government and the private sector; (3) maintaining communications between other Government advisory committees on service-related issues; and (4) discussing and studying domestic service-related matters relating to economic policy. Directs the Committee to report to the Secretary annually on its findings. Requires the Secretary to submit to Congress an annual report on the activities of the Department directed to promoting U.S. service industries. Authorizes the President to establish an Interagency Committee to discuss and make recommendations on service sector issues. Declares that such Committee shall report to either the Economic Policy Group or another economic entity as designated by the President. Directs the Committee: (1) to develop strategies for promoting competitive U.S. service industries; (2) to coordinate the implementation of service-related policies within the Government; (3) to review the adequacy of financial and personnel resources of Government agencies allocated to service industries; and (4) to seek to eliminate disparate treatment between manufacturing and service industries.
United States · United States Congress · 28 July 1980
Lee Metcalf Fair Employment Relations Resolution - Title I: Fair Employment Relations Board - Establishes as an office of the Senate, the Senate Fair Employment Relations Board to: (1) establish and publish policies and guidelines for the implementation and enforcement of rule XLII of the Standing Rules of the Senate; (2) supervise the actions of the Director and the operations of the Senate Fair Employment Relations Office; and (3) hear and determine complaints. Title II: Senate Fair Employment Relations Office - Establishes as an office of the Senate, the Senate Fair Employment Relations Office which shall develop procedures to implement the policies of the Board, gather information relating to Senate employment practices, and review procedures for the hearing and settling of complaints. Title III: Complaints of Violations of Equal Employment Opportunity - Provides for counseling and assistance through the Office, to any individual who believes that he or she has been discriminated against in violation of rule XLII. Sets forth the procedure for filing informal complaints based on employment discrimination, and for the informal settlement of such claims. Sets forth the procedure for filing formal complaints, and for conducting hearings on such claims. Provides for an appeal to the Senate Select Committee on Ethics of an adverse decision or order of the Board. Sets forth remedies available to individuals who have been discriminated against in violation of rule XLII. Title IV: Amendments to Standing Rules of the Senate - Amends rule XLII of the Standing Rules of the Senate, relating to employment practices, to provide that any complaint of violation of such rule be heard and settled by the Senate Fair Employment Relations Board in accordance with provisions of this Act.
United States · United States Congress · 25 July 1980
Disapproves the proposed export of low- enriched uranium to India pursuant to export license applications XSNM-1569 and XSNM-1379.
United States · United States Congress · 30 June 1980
Amends the Internal Revenue Code to allow an income tax credit of 25 percent of the qualified research and experimental expenditures paid or incurred by a taxpayer in connection with his trade or business. Defines "qualified research and experimental expenditures" as those business-related expenditures which are currently deductible under provisions of the Internal Revenue Code, but limits the scope of such expenditures to technological research designed to develop or improve products or services. Excludes expenditures for research or experimentation in the social sciences or humanities, government-funded research, or research carried on in the taxpayer's behalf. Limits the amount of expenditures eligible for the credit to those which exceed 100 percent of the annual average of such expenditures for the immediately preceding three years. Provides for a three-year carryback and seven-year carryover of unused credits.
United States · United States Congress · 27 June 1980
Commission on Presidential Nominations Resolution - Establishes the Commission on Presidential Nominations to make an investigation regarding the presidential nominating process. Directs the Commission to report to the President and Congress respecting such investigation, including recommendations for the 1984 presidential elections. States that the Commission shall cease to exist 60 days after submitting such report. Sets forth the powers of such Commission, and related administrative provisions.
United States · United States Congress · 26 June 1980
Amends the Internal Revenue Code to extend from June 15, 1981, to January 1, 1986, the termination date for certain provisions of the Tax Reform Act of 1976 relating to the allowance of a deduction for the amortization of certain rehabilitation expenditures for certified historic structures.
United States · United States Congress · 26 June 1980
Designates the United States Federal Building in New Haven, Connecticut, as the Robert N. Giaimo Federal Building.
United States · United States Congress · 26 June 1980
Statistical Policy Act of 1980 - Establishes an Office of Statistical Policy within the Executive Office of the President. Specifies the duties of the Director of the Office which include: (1) providing overall planning and policy for the statistical programs of Federal agencies; (2) issuing guidelines to improve the gathering, analysis, and dissemination of statistical information by agencies; (3) coordinating Federal statistical functions; (4) evaluating the performance of Federal statistical agencies or programs; and (5) providing for the exchange of information among the statistical programs of Federal agencies. Requires the Director, in consultation with the appropriate agency head and the Secretary of State, to determine: (1) what statistical information to provide in response to official requests received by the Government from any international organization of which the United States is a member; and (2) which agency shall prepare such information. Establishes a Federal Council on Statistical Policy to advise and assist the President with respect to the improvement, development, and coordination of Federal statistical services.
United States · United States Congress · 26 June 1980
Directs the Senate Finance Committee to report to the Senate by September 3, 1980, a responsible, targeted anti- inflationary tax cut to take effect in 1981. Directs the Democratic Task Force on the Economy to recommend to the Senate a comprehensive economic policy at the earliest possible date.
United States · United States Congress · 24 June 1980
Deplores the Soviet violations with respect to Afghanistan. Joins calls for the withdrawal of Soviet troops from Afghanistan. Supports the imposition of penalties on the Soviet Union for its aggression. Urges continued action to draw attention to the Soviet violations and to prevent further Soviet incursions.
United States · United States Congress · 11 June 1980
Directs the Comptroller General to pay specified claims for advertising furnished to the Department of the Navy.
United States · United States Congress · 6 June 1980
Creates the Office of the Special Counsel (presently within the Merit Systems Protection Board) as an independent establishment in the executive branch. Directs the Special Counsel to submit an annual budget for the Office to the President and the appropriate committees of Congress.
United States · United States Congress · 29 May 1980
National Export Policy Act of 1980 - Title I: General Findings and Purposes - Sets forth congressional findings and the purposes of this Act. Title II: Export Financing - Amends the Export - Import Bank Act of 1945 to direct the Export-Import Bank to adopt export finance programs comparable in structure to those extraordinary measures of official export credits offered by competing countries, until such financing is limited by international agreements. Requires the Bank to report annually to Congress as to whether any additional appropriations or any increases in its commitment authority or ceiling levels are necessary to carry out this Act. States that this Act shall not take effect until six months after enactment, unless the President defers the effective date for an additional six months. Declares it to be the policy of the Congress that the Export-Import Bank of the United States should facilitate, particularly in the presence of foreign officially-supported export credit competition, exports to countries: (1) having insufficient access to international credit facilities; (2) demonstrating reasonable economic progress; and (3) offering adequate formal assurances of repayment (currently, must offer sufficient likelihood of repayment). Increases the aggregate amount of loans and contractual liability of guarantees and insurance which may be outstanding at any one time. Requires such activities to be carried out through the Export Expansion Facility. Provides for the capitalization of such Facility. Establishes staggered, ten-year terms of office for the Bank directors. Declares that the House and Senate Appropriations Committees should consider limitations on Bank activities when considering appropriations for international trade activities rather than when considering foreign assistance activities. Title III: Export - Related Tax Policy - Amends the Internal Revenue Code to increase the earned income exclusion for United States citizens working abroad, who are bona fide residents of a foreign country, from an annual rate of $20,000 to: (1) $50,000; or (2) $65,000, if such persons qualify as bona fide residents for certain specified periods. Allows separate exclusions to married individuals who are both working overseas, although one's excess exclusion cannot be used against income earned by the other. Waives the residency requirements to qualify for such exclusion for those required to leave a foreign country because of civil unrest, war, or similar adverse conditions precluding the normal conduct of business. Reduces from 17 to 11 months the foreign residency requirement with respect to the deduction for certain housing expenses of living abroad. Revises the formula for determining the base housing amount with regard to such deduction to make it 16 percent of the salary of a GS-14, step 1. Repeals similar deductions for cost-of-living differential, schooling expenses, home leave travel expenses, and residence in a hardship area. Provides that the foreign bad debt loss deduction shall not exceed the greater of 15 percent of the taxpayer's taxable income from exports, or two percent of the taxpayer's export receivables outstanding at the close of the taxable year. Provides that the amount of bad debt losses that may be added to a bad debt reserve shall not exceed five percent of the taxpayer's export receivables outstanding as of the close of the taxable year. Permits the amortization, based on a period of 60 months, of: (1) foreign market studies; (2) foreign marketing expenses; and (3) foreign patents. Permits an income tax deduction for currency fluctuation losses on export credit which have not been repaid by the end of the taxable year. Authorizes the Secretary of the Treasury to extend the six-month deadline for exempting exports from the manufacturer's excise tax for an additional 12 months if it is determined, after consultation with the Secretary of State, that exports were delayed because of war, civil unrest, or similar adverse conditions in a foreign nation. Amends the Foreign Trade Zones Act to authorize the Secretary of Commerce to approve the duty-free entry of machinery, materials, and fuels to be used for the production of goods in a foreign trade zone if such goods are not subsequently entered into U.S. customs territory. Sets forth requirements before applications for such treatment will be approved. Makes such approval valid for six years. Requires the Foreign Trade Zones Board to include in its annual report to Congress a summary of activities and proposals to increase the use of foreign trade zones to expand U.S. exports. Makes 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. Makes 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. Title IV: Antitrust - 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. Directs the Attorney General to study whether: (1) U.S. business conduct to expand exports conflicts with basic antitrust principles; and (2) a more liberal enforcement policy for overseas activities would impede implementation of the antitrust laws. Requires the Attorney General to identify such conduct which would not warrant prosecution under the antitrust laws. Sets forth the procedures for describing such permissible conduct and disclosing such descriptions. Authorizes the Secretary of Commerce to intervene in such suits and to provide legal assistance to exporters. Prohibits prosecution under the antitrust laws of exporters who: (1) have notified the Attorney General of their intention to engage in such designated conduct; or (2) receive an approval, or no objection, from the Attorney General concerning proposed transactions. Requires the Attorney General and the Secretary of Commerce to report to Congress concerning implementation of this section. Title V: Amendments to Other Laws That Hinder Exports - Amends the Foreign Corrupt Practices Act of 1977 to change the name of such Act to the Business Practices and Records Act. Amends the Securities Exchange Act of 1934 to require issuers of securities to keep their books and maintain a system of internal accounting controls in accordance with generally accepted accounting principles. Makes issuers liable for knowingly falsifying any books or for the intentionally wrongful maintenance or circumvention of the system of internal accounting controls. Requires only good faith efforts by issuers holding 50 percent or less of the equity capital to use their influence to cause transactions and dispositions of assets to be carried out consistent with such provisions. Repeals the provisions specifying prohibited foreign corrupt practices by issuers. Amends the Business Practices and Records Act to include issuers within the provisions specifying prohibited foreign corrupt practices by domestic concerns. Permits items of value to be given to foreigners in specified circumstances, including courtesy items, demonstration expenses, and payments lawful under the laws of the country of the intended recipient. Directs the Attorney General to issue guidelines specifying permissible conduct and arrangements associated with common types of export sales arrangements and business contracts and precautionary procedures creating a rebuttable presumption of compliance. Provides for the establishment of a Business Practices and Records Act Review Procedure to answer specific inquiries concerning enforcement of such Act. Requires the Attorney General to issue opinions regarding compliance. Makes such opinions final and binding on all parties if the conduct does not involve a violation. Requires annual reports to Congress by: (1) the Attorney General concerning actions taken pursuant to such Act; and (2) the Securities and Exchange Commission concerning the reporting requirements. Expresses the sense of the Congress that the President should negotiate agreements establishing standards of conduct for international business practices, a resolution procedure, and rates of commissions. Directs the President to report to Congress concerning the progress of such negotiations. Requires Congress to review the Business Practices and Records Act after receiving the President's report. Requires an export competitiveness impact statement from any issuing authority taking significant action which could affect adversely U.S. exports or the international competitive position of the United States and its exporters. Expresses the sense of Congress that export paperwork must be reduced to encourage export sales. Requires all agencies to minimize paperwork and reporting requirements. Title VI: Export Awareness and Export Promotion Programs - Export Trading Company Act of 1980 - Directs the Secretary of Commerce to promote export trading companies and facilitate contracts 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. Small Business Export Expansion Act of 1980 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to permit participating lending institutions to take actions on behalf of the Administrator with respect to deferred participation loans. Empowers the SBA 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 which may be committed to any borrower from the business loan and investment revolving fund. 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 Administrator, 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. Authorizes the Secretary of Commerce to make grants to qualified applicants to encourage the development and implementation of small business international marketing programs. 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. 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. Directs the Secretary to develop a plan to evaluate such programs to: (1) determine the impact 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. Directs the Secretary to enter into cooperative agreements with industrial corporations to develop foreign markets for their products. Requires the Secretary to direct specific market research for the products involved in foreign markets upon entering such agreements. Permits interested industrial corporations to submit a proposal incorporating specific marketing actions to the Secretary. Authorizes the Secretary to enter into a marketing agreement after approving any such proposal. Requires repayment of the Federal share of the costs by the entity entering into such an agreement. International Education Programs Act - Amends the Higher Education Act of 1965 to direct the Secretary of Education to make grants to, and contracts with, institutions of higher education to pay the Federal share of the cost of programs designed to promote linkages between such institutions and the American business community engaged in international economic activities. Requires higher education institutions to apply for such grants and contracts. Limits the amount of Federal assistance. Provides for an advisory board to consider the grants made, or contracts entered into, and to review programs established under this section. Directs each Federal agency and U.S. representative to any international organization to: (1) identify programs affecting the export of U.S. firms' services; (2) make available information concerning such programs; (3) establish programs to publicize export-related programs for services; and (4) modify those programs with an adverse effect on the export of services. Makes the Secretary of Commerce responsible for coordinating such programs. Directs the Department of Treasury to report to Congress concerning the feasibility of extending DISC treatment to the export of services. Title VII: Agricultural Exports - Amends the Commodity Credit Corporation Charter Act to establish the Agricultural Export Credit Revolving Fund to be available for: (1) the export of, or aid in the development of foreign markets for, agricultural commodities; and (2) loans for the acquisition of facilities in foreign countries to improve the countries' capacities to handle agri-commodities exported from the United States. Directs the Secretary of Agriculture to report to Congress annually concerning the export credit sales program. Abolishes such fund effective October 1, 1983. Amends the Export-Import Bank Act of 1945 to require the ratio of credit extended by the Export-Import Bank for agricultural exports in comparison with the total amount extended be at least equivalent to the value of agricultural exports in comparison with total value of exports. Specifies exceptions to this requirement. Requests the President to take action to establish an International Wheat Exporting Commission which would establish an annual minimum world market price for wheat and prescribe export quotas. Requires the President to keep Congress informed about the establishment of such Commission and to report annually once such Commission is established. Title VIII: International Agreements - Expresses the sense of Congress that: (1) the multilateral trade agreement be strongly implemented; and (2) the efforts must continue to secure a freer world trading environment. Directs the Secretary of Agriculture to implement a special export subsidy program for agricultural commodities to neutralize the effects of foreign export subsidy programs. Specifies the circumstances required before such program may be implemented. Expresses the sense of Congress that the President should enter negotiations for international codes of: (1) official export financing; (2) business conduct; (3) reciprocity of antitrust enforcement; and (4) fair trade in services. Requires the President to report to Congress concerning the progress of such negotiations. Title IX: Government Support of Export Goals - Overseas Private Investment Corporation Act of 1980 - Establishes the Overseas Private Investment Corporation (OPIC) as an independent agency. Sets forth the duties of OPIC. Provides for the capital of OPIC to be paid in through the appropriation process and through transfer from OPIC's earned income. Sets forth the structure of OPIC with a Board of Directors, a President of the Corporation, an Executive Vice President of the Corporation, other officers and staff, and consultants. Authorizes OPIC to issue insurance to eligible investors covering new or existing investments protecting against specified risks. Authorizes OPIC to make arrangements with foreign governments or multilateral organizations for sharing liabilities. Limits the insurance that may be issued to a single investor. Authorizes OPIC to issue guarantees of loans and other investments. Sets forth limitations on such guarantees. Authorizes OPIC to make direct loans to privately owned or mixed publicly and privately owned firms for projects sponsored by or significantly involving United States small businesses or cooperatives. Limits the circumstances under which OPIC may acquire stock in any other corporation. Authorizes OPIC to initiate and support the identification, assessment, and promotion of private investment opportunities, with specified exceptions. Authorizes OPIC to administer special projects to provide private technical, professional, or managerial assistance in the development of human resources, skills, technology, capital savings, and intermediate financial institutions and cooperatives. Authorizes OPIC to engage in other insurance, reinsurance, and risk sharing activities with other insurance companies, financial institutions, persons, or groups. Limits the amount of reinsurance of liabilities which OPIC may issue. Limits the amount of maximum contingent liability pursuant to insurance or guarantees issued under this Act which may be outstanding at any one time. Establishes the: (1) Direct Investment Fund as a revolving fund to be available for direct investments; and (2) Insurance Reserve and Guaranty Reserve to be available for discharging liabilities. Authorizes appropriations to the investment and guaranty fund in specified circumstances. Authorizes OPIC to issue obligations in specified circumstances in order to discharge liabilities. Requires that all revenues and income transferred to or earned by OPIC be available to carry out OPIC's purposes. Directs OPIC to determine that suitable arrangements exist for protecting OPIC's interests in connection with any insurance, guaranty, or reinsurance issued under this Act. Pledges the full faith and credit of the United States for the full payment and performance of previous obligations. Sets forth conditions with respect to insurance, guaranty, and reinsurance coverage under this Act concerning fees, time limits, fraud, and settlement of disputes. Sets forth administrative provisions and duties applicable to OPIC. Requires OPIC to undertake to broaden the participation of United States small business, cooperatives, and other small investors in the development of small private enterprise in less developed friendly countries or areas. Directs OPIC to report annually to Congress concerning its operations. Amends the Foreign Assistance Act of 1961 to define "eligible investor" in terms of this Act with respect to housing guarantees. Repeals provisions: (1) prohibiting the transfer of OPIC funds between accounts; (2) authorizing the President to deny assistance to any less developed country which fails to enter into an agreement to institute the investment guaranty program; and (3) establishing OPIC. Stipulates that nothing in this part shall be construed as terminating any of OPIC's statutory authority. Requires the President to submit to the appropriate congressional committees any necessary technical or conforming amendments. Declares that the potential for U.S. exports shall be a primary decisionmaking factor in considering which projects to include in U.S. foreign aid programs. Requires the Director of the International Development Cooperation Agency (IDCA) to transfer the functions of the Office of Reimbursable Development from the Agency for International Development to an independent functional status within the IDCA. Declares that the Office of Management and Budget should assure that adequate budget allocations are made available to carry out the programs prescribed in this Act. Declares that the Department of Justice should do what it can to facilitate procedures for exporters. Declares that the Small Business Administration should: (1) be aware of the benefits of export to small business development; and (2) use every opportunity to provide information and assistance to potential exporters. Declares that the U.S. ability to export coal, nuclear power fuels, and other energy materials in a reliable manner should be a key consideration. Directs congressional committees to include in their reports the effect of the bill or resolution on the international competitiveness of the United States. Creates a National Export Council to: (1) serve as a national advisory body on matters relating to United States export trade; (2) act as a liaison among the communities represented by its membership; and (3) provide advice on Federal plans and actions that affect export promotion and development policies which have an impact on those communities represented by its membership. Requires the Council to make an annual report to the President and the Congress on its activities. Authorizes the Secretary of Commerce to appoint commercial ministers, counselors, and attaches with the rank and privileges of other ministers, counselors, and attaches in U.S. embassies and consulates, to: (1) provide trade and commercial services; (2) engage in the promotion of U.S. 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. Directs the Comptroller General to report to Congress with any recommendations concerning: (1) the organization of international trading and financing programs in the United States; (2) the effectiveness of foreign export promotion programs; and (3) the trade activities of specified Federal agencies. Expresses the sense of Congress that the appropriate congressional committees should review periodically the trade organization of the U.S. Government.
United States · United States Congress · 20 May 1980
Permits the head of each Federal agency to: (1) employ or assign personal assistants for handicapped employees; (2) authorize the payment of per diem and travel expenses of an employee to accompany a handicapped employee during official travel; and (3) authorize payment to a handicapped employee for the personal services of an individual to accompany such handicapped employee on official travel. Amends the Federal Advisory Committee Act to permit members and consultants of Federal advisory committees to be provided the services of a personal assistant.
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 · 14 May 1980
Expresses the sense of the Senate that social security benefits should remain exempt from all taxation.
United States · United States Congress · 6 May 1980
Increases the amount of group life insurance available to Federal employees effective with the first pay period that begins on or after October 1, 1981. States that such amount shall be the product resulting from the multiplication of the "basic insurance benefit" by a factor assigned to an employee's age. Defines the "basic insurance benefit" as the higher of $10,000 or the employee's annual rate of basic pay rounded to the next higher multiple of $1,000 plus $2,000. Establishes the age-dependent factor as two times the employee's basic benefit for employees age 35 and under decreasing to a factor of one for employees age 45 and older. Applies the newly established insurance rates to group accidental death and dismemberment insurance. States that the continuation of the insurance coverage for certain retired and disabled employees shall be without cost to such employees who become eligible for such continuation by December 31, 1989. Requires the employee's share of the cost of such continued coverage for an employee who becomes eligible after such date to be deducted from his or her annuity or compensation. Permits an agency to waive an employee's responsibility for the payment of any insurance costs which such agency mistakenly fails to deduct, if such employee is without fault and recovery would be against equity and good conscience. Establishes a plan of optional life insurance which shall be in addition to optional life insurance now available to employees. Requires the full cost of such insurance to be deducted from the annuity or compensation of certain retired or disabled employees until such an employee becomes sixty-five years of age. Establishes a plan of optional life insurance without accidental death and dismemberment insurance for the family members of Federal employees. Sets the amount of such insurance at $5,000 for a spouse and $2,500 for each child.
United States · United States Congress · 5 May 1980
Authorizes a Federal agency to reimburse an employee for: (1) the expenses of selling his or her residence (or settling an unexpired lease) when the employee is transferred from an official station within the United States, its territories or possessions, the Commonwealth of Puerto Rico, or the Canal Zone, to a post of duty outside the United States; and (2) the expenses of purchasing a home at the new official station within the United States when the employee returns from his or her foreign tour of duty, provided that the employee returns to an official station other than the station from which the employee was transferred.
United States · United States Congress · 1 May 1980
Reduces the compensation and other emoluments of the office of Secretary of State to the level of compensation and emoluments in effect on January 1, 1977. Requires that such level of compensation and emoluments be maintained until the earlier of noon of January 3, 1983, or the date on which the first individual appointed to the office of Secretary of State after enactment of this Act ceases to hold that office. Authorizes any person aggrieved by an action of the first Secretary of State appointed after enactment of this Act to bring an action in any U.S. district court to contest the constitutionality of the appointment of such Secretary. Directs any judge designated to hear such an action to give such action expedited consideration.
United States · United States Congress · 16 April 1980
Declares Federal personal property which was loaned to a State or local government by the Defense Civil Preparedness Agency (DCPA) and transferred with the other property of DCPA to the Federal Emergency Management Agency (FEMA) to be surplus property. Directs the Administrator of General Services to donate such property to such government if the Director of FEMA certifies that the government is using the property for civil defense purposes. Requires the Director to survey such property and to notify the Administrator of the property which is being used for civil defense purposes within 180 days after the enactment of this Act.
United States · United States Congress · 16 April 1980
Minority Business Development Agency Act of 1980 - Declares the purpose of this Act to be the establishment of a Minority Business Development Agency in the Department of Commerce to help assure that minority group members have an equal opportunity to participate in the Nation's commerce. Establishes the Minority Business Development Agency in the Department of Commerce. Sets forth the Secretary of Commerce's responsibilities regarding such Agency. Requires the Secretary to submit an annual report to the President concerning such Agency.
United States · United States Congress · 16 April 1980
Amends the Federal Property and Administrative Services Act of 1949 to prohibit the importation into the United States of certain foreign excess property manufactured in the United States unless the Secretary of Commerce determines that the importation of such property will not have an adverse impact on U.S. markets. (Currently such importation is prohibited unless the Secretary, or the Secretary of Agriculture for agricultural products, determines that the importation would relieve a domestic shortage or otherwise benefit the U.S. economy.) Exempts from such determination requirement: (1) foreign excess property imported by a Federal agency; and (2) foreign excess property which a Federal agency certifies will be reexported. Sets forth administrative sanctions for violations of this Act.
United States · United States Congress · 16 April 1980
Terminates specified travel and transportation benefits, leave benefits, and environmental allowances provided for a Federal employee stationed in Alaska, Hawaii, Puerto Rico, or a territory or possession of the United States after the employee has performed five years of continuous civilian service in the same area, unless: (1) the head of the employee's agency determines that continuation of such benefits is warranted and in the interests of the United States; or (2) the post of duty is determined to be a hardship station.
United States · United States Congress · 3 April 1980
Grants a Federal charter to the Italian American War Veterans of the United States.
United States · United States Congress · 1 April 1980
Establishes general statutory authority for the head of a Federal agency to appoint and fix the compensation of experts or consultants for temporary or intermittent services. Eliminates provisions of Federal law permitting an agency to procure such services by contract only when specifically authorized by appropriation or statute. Establishes the pay rate payable for GS-18 as the maximum pay rate for experts and consultants for all agencies. Directs the Office of Personnel Management to prescribe regulations governing the employment of experts and consultants by Federal agencies.
United States · United States Congress · 28 March 1980
Expresses the Senate's disapproval of the Reorganization Plan Numbered 1 concerning the Nuclear Regulatory Commission and transmitted to the Congress by the President on March 27, 1980.
United States · United States Congress · 24 March 1980
Repeals specified provisions of Federal law which require various Federal agencies to submit reports to Congress and the President. Amends the Immigration and Nationality Act to require the Attorney General to submit to Congress a statistical summary of certain approved petitions for immigrant status instead of a report on each approved petition.
United States · United States Congress · 20 March 1980
Amends the Reorganization Act of 1977 to extend until April 6, 1981, the deadline by which the President must transmit a reorganization plan to Congress in order for that plan to take effect.
United States · United States Congress · 19 March 1980
Prohibits a Federal employee from retiring on disability if the employee is eligible for regular civil service retirement. Terminates the civil service disability retirement annuity of any annuitant who earns 80 percent of the current rate of pay of his or her position upon retirement during any calendar year after retirement. Entitles the Director of the Office of Personnel Management to request and receive specified information from the Secretaries of Labor, Defense, and Health, Education, and Welfare to insure the accuracy of information for purposes of provisions concerning civil service disability retirement.
United States · United States Congress · 19 March 1980
Reduces the initial cost-of-living adjustment for any civil service annuity which was adjusted upon commencement to include the latest cost-of-living increase to become effective before the commencement date of the annuity.
United States · United States Congress · 12 March 1980
Productivity Improvement Act of 1980 - Establishes the National Productivity Council which shall: (1) develop and annually revise a comprehensive national productivity plan which examines the effects of Government policies and activities on the productivity of the private sector and recommends Federal policies and activities for improving productivity; (2) obtain the cooperation of the private sector in implementing the plan; (3) perform economic analyses of the impact on productivity of selected Federal statutes and regulations; (4) make legislative and regulatory recommendations to the President, Congress, and Federal agencies concerning ways to improve productivity in the private sector; (5) act as the primary source of information in the Government concerning efforts to improve productivity in the private sector; (6) report annually to Congress and the President on the implementation and revisions of the plan; and (7) delineate the productivity improvement functions of Federal agencies. Establishes a National Productivity Advisory Board to advise the Council concerning activities for the improvement of productivity in the private sector. Requires the Secretary of Commerce, the Secretary of Labor, and the Director of the Federal Mediation and Conciliation Service to perform specified functions designed to improve private sector productivity. Authorizes appropriations to carry out this Act.
United States · United States Congress · 12 March 1980
Exempts Shippers' Export Declarations from public disclosure unless the Secretary of Commerce determines that such exemption would be contrary to the national interest. Requires the person in command of a ship bound for a foreign port to attach bills of lading or equivalent documents to the manifest of the ship's cargo which is required to be submitted to the appropriate United States Customs Service officer to obtain clearance for the ship. Specifies the information to be included on such manifest or attached documents and the elements of such information which shall be available for public disclosure. Authorizes the Secretary of the Treasury to establish procedures to provide access to the information which may be disclosed and protection for the information not available for disclosure.
United States · United States Congress · 11 March 1980
Amends the Internal Revenue Code to make the United States liable for civil damages for the unauthorized disclosure of tax return and nonreturn information made within the scope of office or employment of a Federal official or employee against whom damages are awarded. Declares that any disclosure made corruptly, maliciously, in return for anything of value, or willfully in violation of the confidentiality provisions of the Code shall not be considered within the scope of such office or employment.
United States · United States Congress · 11 March 1980
Former Presidents Facilities and Services Reform Act of 1980 - Title I: Presidential Libraries - Prohibits the Administrator of General Services from establishing any Presidential archival depository after January 20, 1983. Directs the Administrator to submit to Congress a prospectus for establishing a central Presidential library for the deposit and preservation of the records and papers of former Presidents, and historical materials related to the former Presidents. Requires the prospectus to provide: (1) for the establishment of the library in a phased manner allowing for expansion; (2) that the first phase of the library shall provide for the deposit and preservation of the records, papers, and materials concerning two former Presidents; (3) that the archival and research space for each former President in the library shall equal the average space provided per President in all Presidential archival depositories; and (4) that a specified area be established for museum displays concerning each former President. Authorizes the Administrator to lend any item stored in the library for display in a private Presidential museum or library. Directs the Administrator to duplicate and make available upon request the more historically significant documents. Requires the President, while holding office, to dispose of his or her Presidential records which have no administrative, historical, informational, or evidentiary value after obtaining the views of the Archivist of the United States concerning such disposal, unless the Archivist notifies the President that the Archivist intends to request advice from certain congressional committees. Declares that the provisions of this title apply only to: (1) the records of those Presidents taking office after January 20, 1969, for whom a Presidential archival depository is not established before January 20, 1983; and (2) all Presidential records to which the Government has title. Title II: Former Presidents - Changes the amount of the annual allowance to which the spouse of a deceased former President is entitled from $20,000 to two-thirds of the allowance to which a former President is entitled. Repeals the requirement that the spouse must waive the right to any other Government annuity or pension to qualify for such allowance. Authorizes the Administrator to provide to each former President, upon request: (1) one office; (2) compensation, without an aggregate ceiling, for members of an office staff who shall be subject to certain provisions of civil service laws; (3) payment for the travel and subsistence allowances for specified office employees; (4) communications services; and (5) printing and binding expenses. Allows any Federal employee to be detailed to the office staff of a former President with the consent of the employee's agency head. Authorizes the Administrator to provide a former Vice President with necessary services and facilities for winding up his or her office affairs which are similar to the services and facilities provided to a former President under this title. Prohibits the use of funds provided for necessary services and facilities of a former President or Vice President for partisan political activities or income generating activities. Permits a former President to use such funds to prepare his or her memoirs if the former President signs an agreement providing that the Public Printer will print and distribute such memoirs. Prohibits the expenditure of such funds for a former President any time beyond 90 days after the former President dies. Requires each former President to submit to Congress an annual report concerning activities carried out with the assistance of such funds. Authorizes appropriations to carry out the provisions of this title concerning the services and facilities to be provided for former Presidents and Vice Presidents. Repeals specified provisions of the Presidential Transition Act of 1963. Title III: Protection of Former Presidents, Former Vice Presidents, and Their Families - Prohibits the United States Secret Service from protecting a former President, former Vice President, or the spouse, widow, widower, or minor child of a former President except as authorized under this title. Authorizes the Secret Service to protect: (1) a former President for eight years after the individual becomes a former President; and (2) the spouse of a former President to the extent that such protection is incidental to the protection of the former President. Permits the Secretary of the Treasury to reinstate for six months the Secret Service protection of a former President or the spouse, widow, widower, or minor child of a former President after the original protection has been terminated upon finding that a serious threat warranting such protection exists. Allows the Secretary to extend for six-month periods the Secret Service protection provided to such an individual upon the individual's written request and upon the approval of an existing advisory committee established to determine whether protection should be furnished to certain Presidential or Vice Presidential candidates. Establishes the Advisory Panel on Secret Service Protection to review requests for extended protection and to make recommendations on such requests to such advisory committee. Permits the Secretary to authorize Secret Service protection for a former Vice President for a period beginning on the last day of the individual's Vice Presidential term and ending on the last day of the fiscal year in which the term expires, upon the former Vice President's written request and upon finding that a threat exists which warrants such protection. Declares that this title shall take effect on October 1, 1981.
United States · United States Congress · 11 March 1980
Amends the Internal Revenue Code to prohibit the unauthorized disclosure of nonreturn information as well as of tax returns. Establishes an affirmative defense to a prosecution for unauthorizated disclosure of a return or nonreturn information, if such disclosure resulted from a good faith, but erroneous, interpretation of the confidentiality provisions of the Code while a Federal employee was acting within the scope of his employment or duties.
United States · United States Congress · 11 March 1980
Amends the Internal Revenue Code with respect to a person entitled to notice of a summons to a third-party recordkeeper to produce records of such person: (1) to repeal the current right of such person to stay compliance with the summons; and (2) to authorize such person to move for quashal of the summons within 14 days after notice is given. Requires accompaniment of such motion by an affidavit stating the reasons that the records sought are not relevant to a legitimate tax inquiry or any other legal basis for quashing the summons. Requires any third-party upon receipt of a summons to proceed to assemble the records requested and to be prepared to deliver them at the required time.