A concurrent resolution authorizing changes in the enrollment of H. R. 7765.
United States · United States Congress · 3 December 1980
Makes corrections in the enrollment of H.R. 7765 (1981 Budget reconciliations).
The world's political record
Person
![Official portrait of Sen. Stewart, Donald [D-AL]](https://www.congress.gov/img/member/s000907_200.jpg)
United States · Official source
No stored named vote for this person. House roll-calls come from Congress.gov; Senate member lists come from senate.gov LIS XML.
United States · United States Congress · 3 December 1980
Makes corrections in the enrollment of H.R. 7765 (1981 Budget reconciliations).
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 · 24 September 1980
Designates March 19, 1981, as "National Agriculture Day."
United States · United States Congress · 24 September 1980
Authorizes from funds previously approved in appropriations Acts for the homeownership assistance program under the National Housing Act $125,000,000 to be available for contracts to make periodic mortgage assistance payments entered into on or after October 1, 1980.
United States · United States Congress · 18 September 1980
Regulatory Negotiation Act of 1980 - Title I: General Provisions - Declares that it is the purpose of this Act to encourage the formation of regulatory negotiation commission as an alternative to the adversarial process of establishing regulatory policy. Defines the term "regulatory negotiation commission" as a group consisting of representatives of the major positions on the issues under consideration which is formed voluntarily by private individuals and organizations to attempt, through negotiation, to reach consensus recommendations on regulatory policy. Title II: Grants for Regulatory Negotiation Commissions - Directs the Chairman of the Administrative Conference of the United States to establish a pilot program to make grants to five regulatory negotiation commission projects during each of fiscal years 1981 and 1982. Restricts such grants to projects pertaining to regulatory policy in the areas of health, safety, and the environment for which: (1) a major law has been enacted, but no rules or regulations have been issued; (2) final rules and regulations have been issued, but are likely to undergo major revision; or (3) basic statutory changes are expected. Requires the Chairman to select the areas for which grant applications will be accepted and to provide notice to the public of such grants. Specifies the information to be included in such an application including: (1) the need for the commission; (2) a proposed membership list for the commission; and (3) a written commitment by each member to negotiate in good faith and to produce a report on negotiations within the necessary time period. Directs the Chairman to approve an application only if the proposed commission: (1) will be able to report expanded areas of consensus among the affected parties; (2) will include balanced and sufficient representation of the major positions of interest in the area of regulatory policy to be considered; and (3) can recommend policy alternatives that will provide significant improvements over existing policy. Permits such grants to be used to employ an administrative director of a commission, to pay travel and per diem expenses of commission members, and to pay other administrative costs. Requires each commission receiving a grant to issue a final report outling areas of consensus, areas of disagreement, and recommendations. Directs an agency, upon request, to send an observer to a commission to provide information and make suggestions to the commission and to report to the agency concerning commission activities. Prohibits such an observer from negotiating policy on behalf of the agency or officially representing the agency. Requires an agency to comment on the report of a commission within a specified period and to submit such comments to the appropriate congressional committees. Directs all Federal agencies engaged in the areas of health, safety, and environmental regulation to review the reports of any regulatory negotiation commission regardless of whether such commission is funded under this Act. Title III: Miscellaneous - Requires the Chairman to report to Congress by January 1, 1983, on the pilot program established under this Act. Authorizes appropriations to carry out the provisions of this Act.
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 · 5 August 1980
Authorizes the President to negotiate agreements with foreign governments limiting exports of automobiles and trucks to the United States. Terminates such authority and any agreements pursuant to such authority on July 1, 1985. States that action taken pursuant to such agreements shall not be treated as violating U.S. laws.
United States · United States Congress · 30 July 1980
Small Business Investment Act of 1980 - Amends the Internal Revenue Code to increase from 15 to 25 the maximum number of shareholders a subchapter S corporation may have. Ends the requirement that an employer furnish a W-2 wage report upon termination to any employee whose employment is terminated before the close of the calendar year. Requires issuance of such interim report only upon timely request by such employee, and then within 30 days after receipt of such request. Allows a credit against the individual income tax for incentive stock (original issue common or preferred stock) acquired in a domestic corporation whose equity capital does not exceed $15,000,000 immediately before the unrestricted public offering of such stock. Specifies the amount of such credit to be an amount equal to the sum of: (1) ten percent of the first $10,000 of such taxpayer's adjusted basis; plus (2) five percent of any other amount of such adjusted basis. Limits such credit to $3,000 annually ($6,000 in the case of a married individual filing a joint return). Provides a transitional limit of $1,500 ($3,000 for a joint return) for 1981. Creates a category of incentive stock options for employees, who would not be required to pay tax at the time such an option is exercised and would receive capital gains treatment on the proceeds of any subsequent sale of such stock. Denies the employer any deduction with respect to such stock either at the time of option exercise or at the time of subsequent sale. Requires the issuance of any such option, with shareholder approval, at 100 percent of fair market value. Accepts any stock later determined to be undervalued if issued with a good faith effort to make such issue at not less than fair market value. Allows exercise of such option up to ten years after issuance, and in any sequence. Limits long-term capital gain treatment to the sale of incentive stock held by the employee at least two years after the grant of the option and one year after exercise. Subjects any such stock sold within two years after option grant to ordinary income treatment. Requires an employee to remain an employee continuously from grant to three months prior to exercise. Prohibits the employee from owning more than ten percent of the voting power or value of the stock of the company unless the option price is at least 110 percent of fair market value. Allows a corporation engaged in certain market making activities a deduction from gross income for additions to a reserve for gains for such activities during the taxable year. Defines "market making activities" as the purchase and sale of over-the-counter equity securities by a dealer in securities, or any specialist permitted to act as a dealer, who holds himself out as being willing to buy and sell over-the-counter equity securities for his own account on a regular or continuing basis. Limits eligible securities to over-the-counter equity securities of corporations which, on the last day of the taxable year of the taxpayer preceding the taxable year of the sale or exchange, had $25,000,000 or less of equity securities in such corporation outstanding. Restricts the availability of such deduction to a reserve which has no more than $1,000,000 as of the close of the taxable year, after specified required adjustments. Prohibits any deduction if the amount of the additions to the reserve for the taxable year exceeds 30 percent of the fair market value of average monthly inventory positions carried for market making activities by the taxpayer during such year. Increases from $150,000 to $250,000 ($200,000 for 1981) the minimum credit against the accumulated earnings tax for corporations. Increases the cost of used equipment eligible for the investment tax credit: (1) in general, from $100,000 to $200,000 ($150,000 for 1981); and (2) for a married individual filing a separate return, from $50,000 to $100,000 ($75,000 for 1981). Permits a taxpayer who is required to change his method of accounting pursuant to Revenue Ruling 80-60 (inventory valuation) and Revenue Procedure 80-5 to effect such change only for taxable years beginning after December 31, 1979. Exempts from the excise taxes on gasoline, diesel and special motor fuels any such fuels used in connection with intercity, local and school buses. Allows a taxpayer to elect not to recognize a certain amount of gain from the sale of small business stock, if the proceeds of such sale are used to purchase other small business stock within 18 months. Limits recognition to that portion of any gain in excess of the cost of such other stock. Requires the reduction of the basis of any such subsequently purchased stock by the amount of gain not recognized. Limits small business stock to stock in businesses whose equity capital does not exceed $15,000,000. Reduces the corporate tax rate schedule as follows: (1) from 17 percent to 15 percent of the first $25,000 of income; (2) 30 percent of income between $50,000 and $100,000 (currently $75,000); (3) 40 percent of income between $100,000 and $150,000 (currently, between $75,000 and $100,000); and (4) 46 percent of income in excess of $150,000 (currently $100,000).
United States · United States Congress · 29 July 1980
Small Business Securities Acts Amendments of 1980 - Title I: Amendments to the Investment Company Act of 1940 - Amends the Investment Company Act of 1940 to define "eligible portfolio company" as any issuer which: (1) is organized under the laws of and has its principal place of business in any State or States; (2) is neither an investment company (not including certain small business investment companies) nor any other company specifically excluded from the definition of investment company under such Act; and (3) satisfies one of the following: (a) does not have outstanding securities which are eligible for margin purchase under Federal Reserve Board regulations; (b) is controlled by a business development company, including having an affiliated person who is a director of such eligible portfolio company; or (c) meets such other criteria as the Securities and Exchange Commission may establish. Defines "making available significant managerial assistance" to mean: (1) significant guidance and counsel concerning management, operations, or goals; (2) controlling influence over management or policy; or (3) investment. Defines "business development company" to mean any closed-end company which: (1) is organized under the laws of, and has its principal place of business in, any State or States; (2) is operated for the purpose of investing in the securities of certain companies; and (3) makes significant managerial assistance available to such companies. Deems a company's ownership of ten percent or more of an investment company's voting securities to be ownership by one person (rather than by all the shareholders) if at the time of the most recent acquisition the value of all securities owned by such company of all such investment company issuers does not exceed ten percent of its assets. Directs the Commission to prescribe regulations regarding beneficial ownership in situations of involuntary transfer. Exempts from such Act any closed-end company which: (1) elects to be treated as a business development company; or (2) proposes to make a public offering of its securities as a business development company and to subject itself to such Act within 90 days. Provides that a contract in violation of such Act (or a related rule) shall be unenforceable by either party or by certain third parties unless enforcement or denial of rescission (for partial or full performance) would be more equitable and not inconsistent with such Act. Stipulates that such enforceability provision shall not apply to the lawful part of an illegal contract to the extent it may be severed from such contract, or to preclude recovery against a person for unjust enrichment. Authorizes a qualifying investment company to elect to be regulated as a business development company by filing a notification of election with the Commission. Authorizes: (1) the Commission to prescribe the form and manner of such notification; and (2) a company to voluntarily withdraw its election. Prohibits a business development company from acquiring more than 30 percent of its assets in nonqualifying investments. Sets forth the catagories of qualifying investments. Requires that a majority of a business development company's directors be persons who are not interested parties of such company. Exempts a business development company from such requirements for 90 days (or longer if the Commission so allows) because of the death, disqualification, or resignation of any director(s). Prohibits certain controlling and noncontrolling persons related to a business development company (and certain affiliated persons) from knowingly: (1) selling any security or other property to such company (or a controlled company) unless the sale involves solely (a) securities of which the buyer is the issuer or (b) securities of which the seller is the issuer and which are part of a general offering to the holders of a class of securities; (2) purchasing from such company (or a controlled company) any security or other property except securities issued by the seller; (3) borrowing money or other property from such company (or a controlled company) except as permitted under such Act; and (4) effecting any joint transaction with such company (or a controlled company) in contravention of Commission rules. Authorizes: (1) the Commission, upon application, to permit exemptive relief from such prohibitions (excluding joint transactions); (2) such noncontrolling persons to engage in such prohibited transactions if the required majority (as defined in this title) of the directors or general partners so approve. Excludes from such prohibited transactions: (1) ordinary merchandise sales or purchases or a lessor-lessee relationship incident thereto; (2) acquisition of warrants, options, and (voting) securities purchase rights by a director, officer, general partner, or employee of such company pursuant to an executive compensation plan; and (3) borrowing of money under specified terms by such persons to buy securities pursuant to such plan. Requires the directors of, or general partners in, the business development company to establish procedures to monitor the possible involvement of persons (as set forth in this title) subject to such prohibited transactions. States that: (1) until the Commission adopts rules respecting such transactions those existing rules under such Act regarding closed-end investment companies shall apply; and (2) an ordinary fee or salary paid to a director, officer, or employee of a party to a transaction shall not be considered a "financial interest" or "participation" in such transaction. Permits a business development company to maintain a profit-sharing plan for its directors, officers, and employees if: (1) the plan has the approval of a majority of directors; and (2) the aggregate amount of benefits (paid or accrued) does not exceed 20 percent of such company's net income after taxes in any fiscal year. Stipulates that no plan may be established if such company has: (1) outstanding any option, warrant, or right issued as part of an executive compensation plan; or (2) an investment adviser registered under title II of such Act. Places restrictions on the remunerations that may be received by agents or brokers of a business development company in connection with the sale or purchase of property or securities. Stipulates that the Commission may permit a larger fee if so doing would be in the public interest. Includes specified affiliated persons within such restrictions. Prohibits a business development company from changing the nature of its business or withdrawing its election as such a company without the authorization of a majority of its outstanding voting securities or partnership interests. Applies specified provisions of such Act regarding incorporation, functions, capital structure, loans, distribution and repurchase of securities, records, and liability of controlling persons to a business development company, notwithstanding the exemption provided for in this Act. Title II: Amendments to the Investment Advisers Act of 1940 - Amends the Investment Advisers Act of 1940 to define "business development company" as defined in title I of this Act except that: (1) the company does not have to be a closed-end company; (2) forty percent of such company's assets may be in nonqualifying investments; and (3) the securities may be purchased from any person. Excludes certain investment advisers to business development companies that have elected to be regulated under title I of this Act from registration requirements. States that no shareholder, partner, or beneficial owner of such a company shall be considered a client of such an adviser solely by virtue of his/her relationship with such company. Provides with regard to investment advisory contracts that a performance fee contract between an investment adviser and a business development company is permissible provided that such contract compensation does not exceed 20 percent of the realized capital gains of such company over a specified period of time or as of dates specified in the contract. Title III: Capital Formation - Omnibus Small Business Capital Formation Act of 1980 - Requires the Commission, in consultation with the Small Business Administration, to collect and make available to the public information regarding the capital formation needs and the problems involved with new and small, medium-sized, and independent businesses. Directs the Commission to conduct an annual Government-business forum relating to small business capital formation. Authorizes appropriations for such purposes for fiscal years 1982-1985. Amends the Securities Act of 1933 to authorize the Commission to cooperate with State securities regulatory associations to maximize uniformity in Federal and State securities regulation. Directs the Commission to conduct an annual conference, as well as other meetings as necessary, with such groups. Authorizes appropriations for such purposes for fiscal years 1982-1985. Directs the Commission to try to reduce the costs incurred by small firms in raising capital through the issuance of securities. Title IV: Small Business Issuers' Simplification - Small Business Issuers' Simplification Act of 1980 - Amends the Securities Act of 1933 to exempt from registration requirements an offer or sale to an "accredited investor" (as defined in this title) where the aggregate offering price does not exceed the limit under such Act and where there is no advertising or public solicitation. Title V: Small Offering Exemptions - Securities Small Offering Improvements Act - Amends the Securities Act of 1933 to increase the aggregate value of securities which may be exempted from registration from $2,000,000 to $5,000,000. Amends the Trust Indenture Act of 1939 to: (1) increase the maximum aggregate amount of debt securities exempt from such Act; and (2) grant the Commission authority to lower the amount of debt securities under the revised ceiling amount that may be exempt from such Act.
United States · United States Congress · 28 July 1980
Employees Stock Ownership Improvements Act of 1980 - Amends the Revenue Act of 1978 and the Internal Revenue Code to establish, without expiration dates, a credit against the corporate income tax for contributions by an employer to an employee stock ownership plan (ESOP). Sets the amount of such credit at a sum equal to the amount transferred to such a plan, not to exceed the taxpayer's income tax liability. Excludes certain taxes from the calculation of such liability. Provides for the carryover of any credit in excess of such liability. Denies such credit to certain regulated public utilities. Denies business expense, production of income expense, or contribution to deferred-payment plan deductions for amounts required to be transferred to a tax credit ESOP. Provides for an additional tax credit for contributions to certain ESOPs. Allows an income tax deduction to an employer for any dividend paid with respect to employer securities held by a tax credit ESOP, if the dividend is distributed to the employees participating in the plan. Deems contributions, bequests, or similar transfers of employer securities, under certain conditions, to a tax credit ESOP as a deductible charitable contribution. Allows an employer to take advantage of the investment tax credit even though he or she contributes employer securities to an ESOP with an aggregate value of less than one percent of the qualified investment. Allows an employer unlimited deductions for qualified matching employee contributions on behalf of its employees made to a tax credit ESOP. Excludes from the gross income of a tax credit ESOP participant any lump-sum distribution of employer securities (not to exceed $5,000) made from a qualified trust which is part of a tax credit ESOP. Prescribes the use of investing stock acquired by a tax credit ESOP. Allows an employer an income tax deduction for contributions to an ESOP which owns all, or substantially all, of the outstanding qualifying employer securities of such employer, and such contributions are applied to the repayment of principal and interest on a loan incurred by the plan for the purpose of acquiring such securities. Limits the deductible amount for principal contributions to a maximum 25 percent of the compensation otherwise paid or accrued to all employees under the plan for the taxable year. Makes no limit on the amount deductible for interest contributions. Exempts such an ESOP from the limitations otherwise imposed on annual additions to an employee stock ownership plan. Provides for nonrecognition of any long-term capital gain from the sale of small business stock to an ESOP, except to the extent that the taxpayer's sale price exceeds the cost of small business stock purchased by the taxpayer within 18 months after the date of such sale.
United States · United States Congress · 25 July 1980
Exempts certain nominally valued real estate from the five-year maximum holding period allowed to national banks.
United States · United States Congress · 24 July 1980
Declares a named individual to have satisfied specified requirements under the Immigration and Nationality Act relating to required periods of residence and physical presence within the United States. Authorizes such individual to be naturalized.
United States · United States Congress · 24 July 1980
Real Estate Construction and Rehabilitation Tax Incentives Act of 1980 - Title I: Capital Cost Recovery Treatment of New Section 1250 Property - Amends the Internal Revenue Code to require a 20-year straight line depreciation of depreciable real property placed into service after the effective date of this Act. Provides transitional rules for property already in service. Excepts from such 20-year requirement low-income rental housing, which must undergo a 15-year straight line depreciation. Title II: Investment Tax Credit for Section 1250 Property - Permits a taxpayer, in lieu of the new depreciation schedule set forth in title I of this Act, to elect to take a one-time ten percent investment tax credit. Limits such credit to property placed in service between January 1, 1981 and December 31, 1984. Requires recapture, in whole or in part, if the property is sold within five years after being placed in service. Directs the Secretary of the Treasury to report to Congress by January 1, 1984, on the effectiveness and efficiency of this title as an incentive for the construction of new section 1250 property. Title III: Deduction of Construction Period Interest and Taxes - Repeals current law requiring amortization of construction period interest and taxes. Allows the taxpayer to elect: (1) to treat the unamortized balance of such interest and taxes as chargeable to capital account; or (2) to deduct such unamortized balance for the first taxable year ending after December 31, 1980. Title IV: Extension and Expansion of Existing Incentives - Repeals expiration dates, thus making permanent Code provisions: (1) permitting rapid amortization of rehabilitation expenses for low-income rental housing; (2) prohibiting accelerated depreciation for new structures built on historic sites; (3) providing for favorable depreciation of rehabilitated historic property; (4) encouraging the removal of architectural barriers; and (5) prohibiting deductions for the demolition of historic structures. Provides for rapid amortization of rehabilitation expenses for all residential rental housing (currently such rapid amortization is limited to low-income rental housing). Increases: (1) from $3,000 to $5,000 the minimum depreciable per unit expenditure; and (2) from $20,000 to $30,000 the maximum depreciable per unit expenditure. Title V: Condominium and Cooperative Cost Reduction - Denies capital gains treatment for proceeds from the sale of dwelling units converted from rental housing to condominium or cooperative housing, unless the terms and conditions of such sales have been negotiated with, and agreed to by, an organization representing at least 51 percent of the dwelling units occupied or sublet by tenants as of the date all tenants received notice of proposed conversion. Allows nonrecognition of up to 50 percent of the long term capital gain from the qualified sale of residential rental property if the taxpayer: (1) has used such property in his or her trade or business; and (2) within 24 months after such sale enters into a binding contract for the construction of section 1250 residential rental property. Requires reduction of the nonrecognition portion of such gain by one-half of the amount (if any) by which the proceeds of the sale exceed the cost of construction of the new residential real property. Limits "qualified sale" to a sale where: (1) not less than 50 percent of the dwelling units are sold to purchasers of low or moderate income, or the entire property is sold to a qualified tenants' organization; and (2) there is substantial likelihood that the overall economic character of dwelling unit owners will remain the same as the units are sold to subsequent purchasers. States that the basis of newly constructed rental property shall not be reduced by the amount of unrecognized capital gain. Directs the Secretary to consult with the Secretary of Housing and Urban Development in developing regulations to carry out this title. Title VI: Removal of Impediments to New Real Property Development - Excepts depreciable real property investments from the limitation on the deduction of investment indebtedness interest for individuals. Allows the current deduction of certain pre-opening expenses incurred in the development of section 1250 real property, so long as they occur within 24 months before the property's placement in service. Permits application to the Secretary for a period longer than 24 months if appropriate. Permits advance refunding of tax-exempt housing bonds, and use of the proceeds of such bonds to remove existing first liens to allow rehabilitation. Title VII: Effective Dates - Sets January 1, 1981 as the effective date of this Act.
United States · United States Congress · 23 July 1980
Amends the Rural Development Act of 1972 to authorize appropriations for the small farm extension programs through fiscal year 1985. Sets forth the formula for the apportionment of such funds to the States.
United States · United States Congress · 23 July 1980
Expresses the sense of the Senate that: (1) the total amount obligated by the executive branch of Government for fiscal year 1981 for (a) transportation and travel expenses of employees, or (b) the use of experts or consultants, should not exceed an amount which is $500,000,000 less than the amount appropriated therefor in the Federal Budget for fiscal year 1981; (2) the Director of the Office of Management and Budget (OMB) should allocate such reductions among the instrumentalities of the executive branch and report on such allocation to Congress; and (3) in allocating such reduction in travel and transportation costs, no funds for debt collection or loan supervision should be reduced and the funds of one instrumentality should not be reduced by more than 15 percent. Declares that it is further the sense of the Senate that: (1) Federal agencies should establish procedures to identify the causes of overpayments and delinquent payments of debts owed to the United States, establish better control over receivables, and take more aggressive collection action including the use of commercial collection agencies; (2) the Department of the Treasury should revise its fiscal requirements manual to require interest charges on delinquent accounts and more complete reporting on such accounts; (3) OMB should emphasize accounting system approval and collection efforts as part of the budget process; (4) the Internal Revenue Service should institute a debt collection system providing that debts owed to the United States will be retained out of any tax refunds payable to the debtor; and (5) the Congress should consider the extent to which requested new budget authority for an agency may be reduced as a result of the collection of debts and as an incentive to promote increased collection of debts. Directs the Secretary of the Senate to transmit a copy of this resolution to the Secretary of the Treasury, the head of each executive department and agency, and the Director of OMB.
United States · United States Congress · 2 July 1980
Commemorates the twentieth anniversary of the Treaty of Mutual Cooperation and Security between the United States and Japan. Declares that it is in the best interest of both such countries to convene a parliamentary and scholarly conference to commemorate and evaluate such treaty. Expresses the interest of the Senate in receiving a report on such conference.
United States · United States Congress · 27 June 1980
Declares seven named individuals to have been lawfully admitted to the United States for permanent residence under the Immigration and Nationality Act.
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 · 26 June 1980
Consultant Reform Act of 1980 - Title I: Appointments - 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 (OPM) to prescribe regulations governing the employment of experts and consultants by Federal agencies. Requires each agency: (1) to submit to OPM a quarterly report on the number of days each consultant or expert is employed and the amount each individual is paid; and (2) to count such individuals as fractions of persons (depending on the number of hours they are employed) in administering any personnel ceiling. Prohibits an agency from initiating any action to obtain consultant or expert services by contract unless it has been certified that all reasonable steps have been taken to obtain such services by appointment. Title II: Contracts - Requires each Federal agency to transmit to the Secretary of Commerce a written notice describing: (1) any proposed contract in an amount exceeding $10,000, with specified exemptions; and (2) any contract modification that increases the contract award by $50,000 or more. Directs the Secretary to publish such notices in a specified publication of the Department of Commerce. Directs each agency to notify the Committees on Appropriations of each House of Congress concerning any such modification. Directs every Federal agency to maintain and make available to the public each month a list of contracts which were entered into during the preceding 24 months and for which contractors have not completed performance. Requires that such list disclose certain information concerning the contract, contractor, and Government employees responsible for awarding and administering the contract. Declares that all contracts, excluding contracts determined to be classified information for national security reasons, shall be considered public information. Specifies information concerning the qualifications and selection of a contractor which shall be available to the public upon request. Requires each agency report which is prepared by a contractor or which is derived from a contractor's report, to disclose certain information concerning the contract including: (1) the identity of the contractor; (2) the amount of the contract; and (3) the type of procurement process used to award the contract. Defines the term "organizational conflict of interest" as any situation in which a contractor has interests relating to work to be performed under a contract which may bias the contractor's judgment or result in an unfair competitive advantage to the contractor. Requires each contractor and each consultant or subcontractor used by such contractor to disclose any information relevant to any potential or existing organizational conflict of interest with regard to any contract for which such contractor is submitting a proposal or any proposed modification to an existing contract. Directs an agency, upon determining that such a conflict exists, to: (1) disqualify such contractor or the consultant or subcontractor from eligibility for award of the proposed contract; (2) modify the proposed contract to eliminate such conflict; (3) include in the agency records and transmit to Congress a statement concerning such conflict if the contract services can be obtained from no other person; (4) terminate the existing contract to be modified; or (5) modify the existing contract to mitigate the conflict and report thereon to Congress if termination is not in the best interest of the Government. Requires each agency to include with its requests for regular appropriations for each fiscal year an itemized statement of amounts requested for the procurement of goods and the procurement of services. Requires the Budget transmitted by the President to Congress each year to specify requests for new budget authority for an estimate of outlays by each agency for such procurement. Directs each agency head, by a specified date, to transmit to the Committees on Appropriations of each House an analysis of such requests and estimates. Requires each agency to include in its records regarding any completed contract totaling more than $50,000 and for which a report was prepared, an evaluation describing such report, the actions taken by the agency in response to such report, and a summary of the performance of the contractor. Directs an agency to consider an employee's compliance with agency rules and procedures applicable to contracting functions when: (1) evaluating the performance of a member of the Senior Executive Service; and (2) determining any pay increase for a supervisor or manager under the merit pay system. Requires the Director of OMB to apportion appropriations to Federal agencies in a manner which insures that no more than 20 percent of the total appropriations available to an agency in a fiscal year for procurement of goods and services may be obligated during the last two months of that year. Authorizes the Director to waive such spending limitation with regard to certain funds upon determining that such action is necessary to avoid a serious disruption of an agency program or operation, if the Director reports on such waiver to Congress. Requires the Director to report to Congress on the implementation, agency violations, impact, and continuation of such spending limitation. Exempts reserves established to comply with such a spending limitation from reporting requirements of the Impoundment Control Act of 1974. Requires the Director to promulgate a regulation establishing a data system for the collection and dissemination of information regarding Government procurement activities. Specifies information concerning each Government contract for the procurement of goods or services which must be included in the system. Directs the Director: (1) to make information within the system available to Congress, Federal agencies, and the public upon request; and (2) to submit to Congress quarterly and annual reports on Government procurement activities. Amends the Freedom of Information Act to require agencies to make information produced pursuant to a contract available to the public to the same extent as if produced by Government officials.
United States · United States Congress · 25 June 1980
Urges the Board of Governors of the Federal Reserve System to dismantle consumer credit controls and to discourage the provision of credit for speculative, nonproductive purposes.
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 · 18 June 1980
Expresses the sense of Congress regarding the domestic automotive and truck industry. Declares it to be a goal of the United States to achieve technological superiority in the world automobile and truck industry. Advocates changes in economic, fiscal, and import policies in order to create adequate capital and produce a more favorable climate for the domestic automobile and truck industry.
United States · United States Congress · 13 June 1980
Appellate Court Reorganization Act of 1980 - Divides the current United States Court of Appeals for the Fifth Circuit into the following two circuits: (1) the Fifth Circuit, composed of the States of Louisiana, Mississippi, and Texas, and consisting of 14 judges; and (2) the Eleventh Circuit, composed of the States of Alabama, the Canal Zone, Florida, Georgia, and consisting of 12 judges. (The current Fifth Circuit consists of all six States and has 26 judges.) Designates Atlanta, Georgia, the headquarters of the Eleventh Circuit and New Orleans, Louisiana, headquarters of the Fifth Circuit. Makes this Act effective October 1, 1980.
United States · United States Congress · 6 June 1980
Amends the Internal Revenue Code to allow a builder of a new residential unit which incorporates a passive solar energy system a credit against the income tax in an amount (not to exceed $3,000 per residential unit) determined under a solar construction credit table. Directs the Secretary of the Treasury after consultation with the solar construction credit table for eight categories of residential units, energy savings per residential unit. Limits such tax credit to residential units constructed between September 30, 1980, and January 1, 1986. Specifies the general contents of a passive solar energy system.
Showing the 24 most recent records of 185. Browse the full list