United States · United States Congress · 23 January 1974
Hobbs Act Amendment - Provides that anyone who interferes with Commerce by damaging to the extent of $2,000 or more any property of a person where business is conducted or property is maintained shall be fined not more than $10,000 or imprisoned not more than twenty years or both. Defines the term "extortion" to mean the obtaining of property from another, with his consent, induced by use of actual or threatened force, violence, or fear, or under color of official right notwithstanding that the same acts or conduct may also be a violation of State or local law and notwithstanding that the actual or threatened force, violence, or fear was used in the course of a legitimate labor dispute or in the pursuit of legitimate union or labor ends or objectives. (Amends 18 U.S.C. 1951)
United States · United States Congress · 23 January 1974
Meetinghouse Preservation Act - States that the purpose of this Act is: (1) to celebrate the Bicentennial of this country through the preservation within each of the several States of a historic site that might otherwise be lost; (2) to provide a meetingplace in each of the several States for those citizens interested in retaining their tangible, indigenous heritage, whether historic, cultural, or natural, and in planning for future changes and developments, and (3) to give existing State programs involved with preserving historic and architecturally important structures an illustration of the best possible techniques used in the preservation of such historic sites and structures, and the multiple, significant ways in which such sites and structures can be used. Authorizes the Secretary of the Interior to make grants to each of the several States for the purpose of enabling each State to acquire and restore an historic site within each State for use as a meetinghouse in accordance with the provisions of this Act, except that no grant to any one State shall exceed $1,000,000. Provides that any application for a grant under this Act shall contain an estimated budget of various acquisition, restoration, and maintenance expenses. Sets forth provisions governing the approval of any application. Establishes a Meetinghouse Coordination Board to review each application made in accordance with the provisions of this Act for the purpose of making recommendations to the Secretary as to which of the historic site or sites contained in such application should be approved by the Secretary. Authorizes appropriations of such sums as may be necessary to carry out the purposes of this Act.
United States · United States Congress · 23 January 1974
Authorizes the Senate Committee on Banking, Housing and Urban Affairs, or any subcommitte thereof, from March 1, 1974, through February 28, 1975, for the purposes stated and within the limitations imposed by the following sections, in its discretion: (1) to make expenditures from the contingent fund of the Senate, (2) to employ personnel, and (3) with the prior consent of the Government department or agency concerned and the Committee on Rules and Administration, to use on a reimbursable basis the services of personnel of any such department or agency. Authorizes the Committee on Banking, Housing and Urban Affairs, or any subcommittee thereof, from March 1, 1974, through February 28, 1975, to expend not to exceed $686,500 to examine, investigate, and make a complete study of any and all matters pertaining to each of the subjects set forth below. Provides that not to exceed $336,000 shall be available for a study or investigation of: (1) banking and currency generally; (2) financial aid to commerce and industry; (3) deposit insurance; (4) the Federal Reserve System, including monetary and credit policies; (5) economic stabilization, production, and mobilization; (6) valuation and revaluation of the dollar; (7) prices of commodities, rents, and services; (8) securities and exchange regulations; (9) credit problems of small business; and (10) international finance through agencies within legislative jurisdiction of the committee. Provides that not to exceed $220,000 shall be available for a study or investigation of public and private housing and urban affairs generally. Provides that not to exceed $130,000 shall be available for an inquiry and investigation pertaining to the securities industry. Requires the committee to report its findings, together with such recommendations for legislation as it deems advisable with respect to each study or investigation for which expenditure is authorized by this resolution, to the Senate at the earliest practicable date, but not later than February 28, 1975.
United States · United States Congress · 21 December 1973
National Arthritis Act - States that it is the purpose of this Act to expand the authority of the National Institute of Arthritis, Metabolism, and Disgestive Diseases in order to advance a national attack on arthritis. Establishes a National Task Force on Arthritis to formulate a long-range plan to combat arthritis and related musculoskeletal and other related diseases. Provides that the Arthritis Plan shall include recommendations for the utilization and organizations of national resources for the campaign against arthritis, and a program for the National Institute of Arthritis Metabolism, and Digestive Diseases as a major participant in the campaign against arthritis specifies the composition of the Task Force membership. Authorizes to be appropriated $500,000 for fiscal years 1974 and 1975 to carry out the purposes of the national arthritis program. Establishes within the Institute the position of Associate Director for Arthritis, responsible for programs regarding arthritis within such Institute. Provides that the Director of the National Institutes of Health shall establish an Inter-Institute Arthritis Coordinating Committee to be composed of representatives who can make policy commitments for each of the Institutes and divisions involved in arthritis-related research. Creates within the Federal Government an Interagency Technical Committee on Arthritis which shall be responsible for promoting the coordination of those aspects of all Federal health programs and activities relating to arthritis to assure the adequacy and technical soundness of such programs and activities and to provide for the full communication and exchange of information necessary to maintain adequate coordination of such programs and activities. States that the Director of the Institute shall establish programs for cooperation with other health agencies in the screening, detection, prevention, and control of arthritis which emphasize the development of new diagnostic and treatment methods for arthritis, and the dissemination of the knowledge about these methods to the health professions. Authorizes to be appropriated to carry out these provisions $5,000,000 for fiscal year 1975, $10,000,000 for fiscal year 1976; and $15,000,000 for fiscal year 1977. Provides that the Director of the Institute, shall provide for the development of centers for basic and clinical research into, training, in, and demonstration of, advanced diagnostic, prevention, control, and treatment methods for arthritis. Authorizes to be appropriated to carry out these provisions $10,000,000 for fiscal year 1975; $15,000,000 for fiscal year 1976; and $20,000,000 for fiscal year 1977. Requires the Director of the Institute after the end of each calendar year, to submit to the President and Congress a report including: (1) a proposal for the Institute's activities during the next five years; and (2) a program evaluation section.
United States · United States Congress · 21 December 1973
Expresses the concern of Congress with respect to the actions of Japan and the Soviet Union which violate the spirit and intent of the agreements of the International Whaling Commission which would cause further depletion of whales. Directs the Secretary of Commerce to determine and report to the Congress what action can be taken to promote international compliance with conservation measures agreed to by the Stockholm Conference on the Human Environment, and other national agreements to which the United States is a party.
United States · United States Congress · 19 December 1973
Authorizes the Committee on Commerce to make an investigation of national oceans policy for the purpose of: (1) determining national capabilities in the oceans, (2) determining the adequacy of current Federal programs relating to the oceans and recommending improvements; (3) establishing policies to achieve the goal of full utilization and conservation of living resources for the oceans; (4) assessing the needs for new policies for the development and utilization of the nonliving resources of the oceans; (5) encouraging implementation of coastal zone management; (6) establishing a comprehensive national policy for understanding and protecting the global ocean environment through education, exploration, research, and international cooperation; and (7) making an assessment of proposals for national and international jurisdiction over the oceans. Authorizes, for the purpose of this resolution, the Committee on Commerce to expend, through February 28, 1975, from the contingent fund of the Senate, a sum not to exceed $200,000.
United States · United States Congress · 14 December 1973
Increases, under the Old-Age, Survivors and Disability Insurance title of the Social Security Act, the increment in old-age benefits payable to individuals who delay their retirement beyond age sixty-five.
United States · United States Congress · 12 December 1973
Food Supplement Amendment - Defines the term "food supplement" for purposes of the Federal Food, Drug, and Cosmetics Act to mean food for special dietary uses, and defines the meaning of "special dietary uses" as particular uses of food for man which meets specified requirements. Provides that in administering such Act the Secretary of Health, Education, and Welfare shall not limit the potency, number, combination, amount, or variety of any synthetic or natural vitamin, mineral, or other nutritional substance, or ingredient of any food for special dietary uses if the amount recommended to be consumed does not ordinarily render it injurious to health.
United States · United States Congress · 11 December 1973
Authorizes the Secretary of the Treasury to change the alloy and weight of the 1 cent piece whenever he determines that the use of copper in such piece is no longer practicable. (Amends 31 U.S.C. 317)
United States · United States Congress · 10 December 1973
Expresses the sense of the Congress that: (1) the President should determine and take immediate steps to reduce Federal Government consumption of fuels by a third; (2) the President should initiate a program within the Federal Government to immediately reduce nonessential uses of all Government vehicles and equipment, and commercial and mass transportation should be utilized whenever practical in the conduct of government business; (3) the President should allot Federal Government departments and agencies a fixed quantity of fuel for a fixed period for essential purposes only, and critical national security activities and other vital services may be exempted on a case-by-case basis; (4) the Secretary of Defense should immediately initiate innovative measures to reduce the amount of fuels used for defense activities; and (5) the President should immediately urge State, local, and other public authorities to adopt similar measures.
United States · United States Congress · 26 November 1973
Fair Labor Standards Amendments - Provides a cost-of-living index increase for specified enterprise and establishment exemptions under the Fair Labor Standards Act. Expands the definition of "enterprise engaged in commerce or in the production of goods for commerce" to include, beginning on the effective date of this Act, an enterprise or a gasoline service establishment whose annual dollar volume of sales made or business done is not less than the amount (exclusive of excise taxes at the retail level which are separately stated) determined by the Secretary of Labor under the provisions of the Fair Labor Standards Act.
United States · United States Congress · 21 November 1973
Emergency Mortgage Credit Act - Title I: Deposit Insurance - Increases the Federal Deposit Insurance Corporations (FDIC) and the Federal Savings and Loan Insurance Corporation's (FSLIC) insurance limits on individual accounts from the current $20,000 to $50,000. Title II: Lending and Investment Powers, Federal Savings and Loan Associations - Increases the present $45,000 limitation on the amount of the loan which a federal institution may make on a single family residence to $55,000. Permits a Federal Savings and Loan Association to make loans respecting real property or interest therein used primarily for residential purposes without regard to the limitations and restrictions otherwise contained in the Home Owners Loan Act in an amount not in excess of 10% of its assets. Title III: Mortgage Corporations - Allows, under the Federal Home Loan Mortgage Corporation Act, the purchase of a conventional mortgage with the outstanding balance exceeding 80% of value when the excess over 80% is insured by a qualified private insurer. Provides that national banks, state-chartered banks which are members of the Federal Reserve System, Federal Home Loan Banks, Federal savings and loan associations, and Federal credit unions leave statutory power to purchase mortgages, obligations or other securities which are sold or ever have been sold by the Federal Home Loan Mortgage Corporation without regard to limitations which might be otherwise applicable to purchase of such mortgages, obligations or other securities. Increases, under the National Housing Act, the maximum mortgage purchase limit for the Government National Mortgage Association from $22,000 to $33,000. Prohibits officers or directors of a financial institution or other mortgage lender engaged in the organization of mortage loans from owning an interest in a private mortgage insurance company. Title IV: Downpayment Requirements and Maximum Mortgage Amounts Under Federal Housing Administration Programs - Increases the downpayment requirements for Federal Housing Administration mortgages on one to four-family homes. Increases the maximum mortgage amounts of the FHA's one to four-family mortgage insurance programs and multi-family mortgage insurance programs. Title V: National Banks - Authorizes, under the Federal Reserve Act, additional lending and investment powers for national banks relative to real estate including making loans against unimproved real estate up to 66-2/3 percent of the appraised value and, if improved with off-site improvements, up to 75 percent of the appraised value. Title VI: Authorizations for Community Development and Housing Programs - Provides that it is the intent of Congress that the authorizations and program extensions set out in this Title for the various community development and housing programs of the Department of Housing and Urban Development are being provided in order to permit continued activities under these necessary programs until new or revised programs are enacted into law and operational with adequate funding. Authorizes additional appropriations for: (1) urban renewal; (2) model cities; (3) rehabilitation loans; (4) basic water and sewer facilities grants and neighborhood facilities grants; (5) comprehensive planning; (6) homeownership assistance; (7) rental housing assistance; (8) rent supplements; and (9) public housing.
United States · United States Congress · 13 November 1973
Broadens the conditions under which post-hospital home health services and home health services may be provided under title XVIII of the Social Security Act (Medicare).
United States · United States Congress · 13 November 1973
House Health Services Act - Provides, under the Public Health Service Act, for the establishment and initial operation of public and nonprofit private agencies which will provide home health services in areas in which such services are not otherwise available. Authorizes the Secretary of Health, Education, and Welfare to make grants: (1) to meet the initial and expanding costs of such agencies; and (2) for programs for the training of professional and paraprofessional personnel to provide home health services. Authorizes the appropriation of such sums as may be necessary to carry out this Act.
United States · United States Congress · 9 November 1973
Provides, under the Securities Exchange Act, for the collection and public dissemination of information concerning the holdings of and transactions in securities by institutional investors and investment managers, including banks, insurance companies, trust companies, and any other fund maintained or utilized for the purpose of collective investment. Requires investment managers to file periodic reports with the Commission. Specifies the content of such reports. (Adds 15 U.S.C. 78m)
United States · United States Congress · 9 November 1973
Makes it the sense of the Senate that other nations should not construe domestic events as adversely affecting our resolve to uphold our vital interests, nor be tempted to seize upon them as an opportunity to undermine the security of the United States. Expresses the sense of the Senate that other nations should not construe domestic events as impairing the full commitment of our Government to achieve a just and durable peace in the Middle East. Calls upon all friendly nations to join with the United States in pursuance of these vital common objectives, which have as their goal respect for law and a stable and secure peace throughout the world.
United States · United States Congress · 7 November 1973
Authorizes the United States Governor to pay to the International Development Association $1,500,000,000 as the United States contribution to the Fourth Replenishment of the Resources of the Association. Authorizes to be appropriated $1,500,000,000 for payment by the Secretary of the Treasury.
United States · United States Congress · 18 October 1973
Provides that in any case in which a person holds title to the surface of any developed lands on the basis of a patent or other instrument issued in accordance with the provisions of the Act of December 29, 1916, or any other Act which contains a reservation to the United States of all the minerals, that portion of such reservation, to the extent that it relates to locatable minerals and the right to prospect for, mine, and remove them, shall be terminated or otherwise canceled in the manner and to the extent provided for in this Act. States that when a person holding title desires to have the reservation terminated, such person, within twelve months, shall notify the Secretary of the Interior to that effect. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 18 October 1973
Financial Institutions Act - Title I: Payment of Interest on Deposit Accounts - Sets forth definitions of terms used in the Banking Act of 1933. Provides, under the Federal Reserve Act and other specified Acts, that interest rate limitations shall be prescribed on deposits in all member banks and institutions which will begin to eliminate all differential rates among all depository institutions. Makes conforming amendments to specified Acts with respect to the definition of the terms "depository institution" and "negotiable order of withdrawal account." Provides that depository institutions which pay interest on deposits shall make available to any individual or corporation, at a time such funds are placed in a deposit on which interest is paid and at the time funds are initially placed in an interest-bearing deposit, specified information with respect to all types of interest-bearing deposit accounts, including: (1) the annual percentage rate; (2) the number of times each year earnings are compounded; (3) any charges made against deposits; and (4) any terms or conditions which increase or reduce the rate of earnings payable. Requires that in any advertisement, which includes annual percentage yield, the annual percentage rate shall also be disclosed. Sets forth additional regulations governing advertisements, announcements or solicitations. Imposes liabilities for failure by any depository institution to disclose to any despositor any information required under this title. Title II: Expanded Deposit Liability Powers and Reserves - Enumerates limitations within which every member bank, under the Federal Reserve Act, shall maintain reserves against its deposits. Empowers banks to offer savings accounts and negotiable order of withdrawal accounts to all customers. Requires all federally chartered institutions and all state chartered institutions which are members of the Federal Reserve System or the Federal Home Loan Bank System to maintain reserves against deposits in demand and negotiable order of withdrawal accounts in a form and amount prescribed by the Federal Reserve Board after consultation with the Federal Home Loan Bank Board. Title III: Lending and Investment Powers - Authorizes associations, under the Home Owners' Loan Act, to invest in, sell, or service the following loans: (1) consumer loans; (2) loans secured by or made for the alteration, repair, or improvement of, real property such as may be made by a national banking association; (3) loans made to finance construction; (4) equity or debt securities for, or real estate for, or loans made for, community welfare where the project is of a civic nature and not exclusively private; and (5) commercial paper and corporate debt securities. Grants additional authority to the Federal Reserve Board to define assets eligible for discount, and to the Federal Home Loan Bank Board to define the types of assets eligible as collateral for Federal Home Loan Bank advances to thrift institutions. Title IV: Charters for Thrift Institutions - Authorizes stock thrift institutions at the Federal level. Empowers the Federal Home Loan Bank Board to charter stock thrift institutions to be called either Federal Savings and Loan Associations or Federal Savings Banks. Provides that federally chartered and state chartered mutual institutions may convert to Federal stock institutions and federally chartered mutual institutions may convert to State stock institutions, subject to approval of the Federal Home Loan Bank Board. Title V: Credit Unions - Makes technical and conforming amendments to specified Acts. Permits, with the approval of the Administrator of the National Credit Union Administration, loan rates to be more than the present statutory 1 percent per month. Establishes a Central Discount Fund for federally- or State-insured credit unions to provide funds to meet emergency and temporary liquidity problems and to be administered by the Administrator of the National Credit Union Administration. Prescribes operations governing the Fund, including: (1) operation of the Board for the Fund; (2) initial expenses; (3) capitalization of the Fund; (4) newly organized credit unions; and (5) powers in administering the Fund. Title VI: Government Insured and Guaranteed Mortgage Loans - Provides that interest rates for mortgages and loans insured under the National Housing Act shall, in all but excepted instances, be as agreed to by the mortgagee and mortgagor, or lendor and borrower, unless the Secretary determines the rate is excessive in view of the current interest rates in the market areas involved. Title VII: To Provide for the Uniform Application of the Tax Laws to all Financial Institutions and a Credit for Interest from Qualifying Real Property Loans - Uniform Tax Treatment of Financial Institutions Title - Sets forth provisions relating to the definition of a bank and reserves for losses on loans of banks. Prescribes additional rules of general application to banking institutions, including: (1) foreclosure on property securing loans; (2) distributions to shareholders; (3) a deduction for repayment of specified loans; (4) an alternative tax for mutual savings banks conducting life insurance business; (5) definitions of domestic building and loan association and cooperative bank; and (6) credit for interest and interest from qualifying residential mortgage loans.
United States · United States Congress · 18 October 1973
Makes it the sense of the Senate that the announced policy of the United States Government to maintain Israel's deterrent strength be implemented by continuing to transfer to Israel, by whatsoever means necessary, Phantom aircraft and other equipment in the quantities needed by Israel to repel the aggressors.
United States · United States Congress · 9 October 1973
Expresses the sense of the Congress that the United States Government, while engaged in a lessening of tensions with the People's Republic of China, do nothing to compromise the freedom of our friend and ally the Republic of China and its people.
United States · United States Congress · 3 October 1973
Social Services Amendments - Outlines the objectives to be achieved under this Act, including: (1) the goal of self-support; (2) the goal of family care or self-care; (3) the goal of community-based care; and (4) the institional care goal. Provides, under the Social Security Act, for maximum freedom for each State to determine which services will make available, the persons eligible for such services, the manner in which such services are provided, and any limitations on the receipt of such services. Requires that social services to be offered at the option of the States to all elibible persons shall include: (1) day care services for children; (2) day care services for children with special needs; (3) service for children in foster care; (4) protective services for children; (5) family planning services; (6) protective services for adults; (7) services for adults in foster care; (8) homemaker services for individuals in their own homes; (9) chore services; (10) home delivered or congregate meals; (11) day care services for adults; (12) health related services; (13) home management and other functional education services; (14) housing improvement services; (15) a full range of legal services; (16) transportation services necessary to travel to and from community facilities or resources for receipt of services; (17) educational and training services; (18) employment services; (19) information, referral, and determination of eligibility and the need for services, without regard to individual eligibility criteria; (20) special services for the mentally retarded, or special adaptations of generic services; (21) special services for the blind; (22) services for alcoholism and drug addiction; (23) special services for the emotionally disturbed as defined by the State; (24) special services for the physically handicapped as defined by the State; and (25) any other proposed services at the request of a State. Provides that States are entitled to Federal financial participation for the delivery of mandatory and optional social services under the State plan to the extent of the appropriations allocated by the Congress. Requires that State plans submitted with respect to the services program shall contain provision for a fair hearing, under which applicants and recipients may appeal exclusion from a service program. Provides that State plans shall provide for the establishment of a Social Services Advisory Committee.
United States · United States Congress · 1 October 1973
Private Mortgage Insurance Guarantee Act - Expresses the findings of Congress and sets forth the definitions of terms used in this Act. Authorizes the Secretary of Housing and Urban Development to guarantee private mortgage insurance contracts issued by eligible private mortgage insurers. States that such agreements shall contain such incontestability provisions and conditions as the Secretary shall determine, except that they shall not relieve a private mortgage insurer of its primary obligation to perform the guaranteed mortgage insurance contracts. Establishes in the Treasury a fund to be used as a revolving fund for the purposes of this Act. Authorizes the Secretary to issue notes if the fund moneys are insufficient. States that guarantee agreements made by the Secretary under this Act may provide for payment of claims to insured mortgagees in cash or debentures, or both. Provides for judicial review of claims under this Act. Requires any private mortgage insurer participating in a guarantee program to furnish the Secretary with such information as may be required by the Secretary. Authorizes to be appropriated such sums as may be necessary to carry out this Act.
United States · United States Congress · 1 October 1973
Housing Act - Title I: Direct Cash Assistance - Sets forth the findings of Congress and goals of the Housing and Urban Development Act. Authorizes an expansion of the Experimental Housing Allowance Program to initiate pilot programs of cash assistance for rental or homeownership expense. Authorizes the appropriation of such sums as necessary for carrying out this purpose. Permits the use of funds from the United States Housing Act of 1937 for making cash assistance payments for rental or home ownership expense. Title II: Mortgage Credit Assistance - Revised Housing Act - Sets forth the difinitions of terms used in this Act. Requires that an insured mortgage be made by, and held by, a mortgagee approved by the Secretary of Housing and Urban Development as responsible and able to service the mortgage property. Provides that prior to July 1, 1977, the Secretary would be permitted to insure as a special risk a transaction involving experimental financing. Directs the Secretary to prescribe, with respect to specified mortgages, limitations as to the ratio between the principal amount of eligible mortgages or loans and the value, cost, or replacement cost of the properties. Provides for the interest rates on mortgages and loans insured under the Act. Requires that there be water and sewerage facilities serving newly constructed housing except where it was determined by the Secretary that it was not economically feasible. Authorizes the Secretary to use the General Insurance Fund and the Special Risk Insurance fund to carry out his obligations under this and other Acts. Authorizes the Secretary to: (1) fix an insurance premium charge; (2) collect an adjusted premium charge in the event a home or project mortgage was prepaid; (3) terminate any insurance contract upon request of the mortgagor and the mortgagee, and to require the payment of a termination charge. Authorizes the Secretary to insure financial institutions against losses in making improvement loans, mobile home loans, and historic residential structure preservation loans. Prescribes the terms for home improvement loans, refinancing, property standards, contract provisions and waiver of requirements. Provides the requirements a home mortgage must meet to be eligible for insurance, including that: (1) the mortgage must require complete amortization payments which, are not in excess of the mortgagor's ability to pay and must have a maximum term within such limits as the Secretary may prescribe; and (2) the mortgagor would have to make a minimum down payment in cash or its equivalent in such amount as the Secretary requires. Provides for four categories of multifamily housing: (1) rental projects; (2) cooperative projects; (3) projects in which the individual units are to be sold on a condominium basis; and (4) mobile home parks. Authorizes the Secretary to insure mortgages financing the construction of new multifamily projects and the rehabilitation, purchase, or refinancing of existing multifamily projects. Provides for mortgage insurance for health facilities and for supplemental project loans. Sets forth additional authorizations and powers of the Secretary, including: (1) the power to deal with and dispose of property; (2) the power to acquire title; and (3) the power to make expenditures to correct defects in experimental property. Provides for the transition between the National Housing Act and the Revised National Housing Act. Title III: Public Housing Assistance Program - Revises the United States Housing Act of 1937. Declares the policy of the United States and sets forth the definitions of terms used in this Act. Authorizes the Secretary to make loans to public housing agencies to finance low-income housing projects. Authorizes the Secretary to make annual contributions to public housing agencies. Directs that provisions for such contributions be embodied in a contract guaranteeing their payment. Empowers the Secretary to include in any contract for loans, annual contributions or instruments made pursuant to this Act, such provisions as may be necessary to insure the low-income character and economic viability of the project involved. Describes conditions and provisions required in every contract for annual contributions. Directs the Secretary to assist public housing agencies, in providing housing for displaced, elderly, or handicapped families, to develop housing to meet the special needs of the occupants. Makes provisions for low-income housing in private accommodations. Authorizes the Secretary, at periodic intervals, to determine the market rental required to obtain modest existing and newly constructed rental housing and to establish for each a fair market monthly rental. Requires the Secretary to submit annual budget programs, as provided for wholly owned Government Corporations by the Government Corporation Control Act, and to maintain an integral set of accounts to be audited annually by the General Accounting Office. Provides for the financing of low-income housing projects. Provides for the termination of the Secretary's authority to enter into new contracts. Specifies the formula for applicability of rental contracts. Exempts specified projects from such formula. Makes technical and conforming amendments to specified acts. Federal Mortgage Foreclosure Act - Sets forth the findings of Congress and the definitions of terms. Provides that a Federal foreclosure remedy is created by authorizing a nonjudicial power of sale. Enumerates the prerequisites to foreclosure and the procedures for notice of default and foreclosure sale. States that money realized from a foreclosure sale be applied to costs of foreclosure, then to any liens prior to the mortgage which are rquired to be paid, then to advancements for taxes and assessments and expenditures for the necessary protection of the security property, then to interest on the mortgage, then to the principal on the mortgage, then to payment of junior lienholders in order of priority, then to the mortgagor. Prescribes procedures for protection of properties after default when property becomes vacant.
United States · United States Congress · 1 October 1973
Requires the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board to take action to limit the rates of interest or dividends which may be paid on time deposits of less than $100,000 by institutions regulated by them.
United States · United States Congress · 27 September 1973
Directs the Librarian of Congress to establish and maintain a library containing recordings and film prints of television and radio programs, distributed nationally, which the Librarian determines to be substantial public interest. Provides that the Librarian shall conduct and report to Congress on: a study (1) the type of guidelines to be used in determining what programs that it would be in the public interest to preserve, and the cost, and (2) the recordings and film prints necessary in order to have as complete a collection as possible of radio and television programs that have been broadcast and are of historical significance, and of such acquisition. Authorizes to be appropriated such sums as may be necessary to carry out this Act.
United States · United States Congress · 26 September 1973
Responsive Governments Act - States that it is the purpose of this Act is to increase the capacity of States, units of local government, and combinations thereof, to plan and manage all the resources available to them for achieving the goals of: (1) community betterment, in both rural and urban areas; (2) adequate housing, public facilities, and public services that are required to support an improved quality of life; and (3) conserving and protecting the environment and natural resources for future generations. States that this Act will assist States and units of local government in: (1) developing reliable information on their problems and opportunities; (2) developing and analyzing alternative policies and programs and making recommendations; (3) managing the programs; and (4) evaluating the results, so that programs can be wisely revised or replaced. States that funds provided under this Act may be used by recipients for planning and management activities, including the following: (1) identifying and evaluating the physical, social, and economic needs and opportunities of the geographical areas under the jurisdiction of any State or locality; (2) developing, improving, modernizing, and implementing specific governmental management processes, including personnel, revenue, and resource allocation systems; (3) improving governmental structures, authorities, and coordinating mechanisms for dealing with the physical, social, and economic complexities of modern society; (4) providing planning, management, technical assistance, information, or advisory services to communities and agencies needing such assistance or services in connection with activities related to the purpose of this Act; (5) procuring technical assistance in the formulation, implementation, and evaluation of planning and management programs; and (6) participating in organizations for joint or common governmental or governmental and private action, including interstate action, in solving problems of development, planning, resource allocation, or program management. Provides that for the purpose of carrying out this Act there are hereby authorized to be appropriated, without fiscal year limitation, such sums as may be necessary. Authorizes the Secretary to make grants to States and units of local government to assist them in carrying out activities set forth above. Prohibits the Secretary from requiring the recipient of any grant which he makes under this section to provide any matching or make any other expenditure as a condition to such grant. Requires that prior to the first receipt in any fiscal year of funds by any State or unit of local government, the recipient of such funds shall have prepared a final statement of planning and management activities and projected use of funds for such fiscal year. Requires that at least sixty days prior to preparation of a final statement, a proposed statement shall be published in such manner as to afford the citizens of such State or unit of local government a reasonable opportunity to examine its content and to submit comments on the proposed statement. Provides that no person in the United States shall on the ground of race, color, national origin, or sex be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any project, program or activity funded in whole or in part with funds made available under this Act. States that if the Secretary, after reasonable notice and opportunity for hearing finds that a recipient has failed to comply substantially with any provision of this Act, the Secretary, until he is satisfied that there is no longer any such failure to comply, shall: (1) terminate payments under this Act, or (2) reduce payments under this Act by an amount equal to the amount of such payments which were not expended in accordance with this Act, or (3) limit the availability of payments under this Act to programs not affected by such failure to comply. States that in order to assure that resources provided under this Act are used in accordance with its provisions, each recipient shall use such fiscal, audit, and accounting procedures as may be necessary to assure proper accounting for payments received by it, and proper disbursement of such payments.
United States · United States Congress · 26 September 1973
Provides that any regulations published or promulgated by the Environmental Protection Agency for grants for the construction of treatment works under the Federal Water Pollution Control Act, as amended, prior to the date of enactment of this joint resolution are hereby set aside and are declared to be of no legal effect and no moneys appropriated shall be distributed in accordance with such regulations. Requires the Administrator of the Environmental Protection Agency, within thirty days after enactment of this joint resolution, to publish and submit to the Congress regulations for grants for the construction of treatment works so as to effect an equitable allocation of appropriated funds among all qualified projects on which construction was initiated after June 20, 1966, but before July 1, 1972. Within thirty days of congressional session following the receipt of such regulations. Authorizes the Committee on Public Works of either House to report a resolution of disapproval of such regulations. Requires the Administrator of the Environmental Protection Agency, at the time such regulations are submitted to the Congress, to notify each State.
United States · United States Congress · 21 September 1973
Provides, with enumerated exceptions, for the continued operation of the Public Health Service hospitals located in Seattle, Washington; Boston, Massachusetts; San Francisco, California, Galveston, Texas; New Orleans, Louisiana; Baltimore, Maryland; Staten Island, New York; and Norfolk, Virginia. Authorizes the Secretary of Health, Education, and Welfare to close or reduce the level of health care in such hospitals if Congress by law specifically authorizes such action.
United States · United States Congress · 21 September 1973
Makes it the sense of the Senate that the President, in exercising the authority conferred by the Economic Stabilization Act of 1970 with respect to price levels applicable to sales of gasoline or diesel fuel grade number two, should permit the passthrough of any increase in the cost to the seller of gasoline or diesel fuel grade number two which was lawfully put into effect on or after August 1, 1973.
United States · United States Congress · 20 September 1973
Secondary Mortgage Market Amendments - Allows the purchase of a conventional mortgage with the outstanding balance exceeding 80 percent of value under the Federal Home Loan Mortgage Corporation Act when the excess over 80 percent is insured by a qualified private insurer (under existing law. States that such mortgages may be purchased only where the outstanding balance exceeding 74 percent of value is insured by a qualified private insurer). Removes the limitation now in the law limiting the purchase of conventional mortgages over one year old at time of purchase to 10 percent of conventional portfolio. Provides that the limitations governing the maximum amount of a conventional mortgage purchased by Federal Home Loan Mortgage Corporation be comparable to the limitations contained in the Home Owner's Loan Act of 1933 ($45,000 in the case of single-family dwellings and the dollar amounts contained in the National Housing Act for multi-family housing), except that such limitations may be increased by 25 percent with respect to mortgages on property located in Alaska, Guam, and Hawaii. Provides that national banks, state-chartered banks which are members of the Federal Reserve System, Federal Home Loan Banks, federal savings and loan associations, and federal credit unions shall have statutory power to purchase mortgages from the Corporation without regard to limitations which might be otherwise applicable to purchase of such mortgages. Allows, under the Federal National Mortgage Association Charter Act, the purchase of a conventional mortgage with the outstanding balance exceeding 80 percent of value when the excess over 80 percent is insured by a qualified insurer (under existing law such mortgages may be purchased only where the outstanding balance exceeding 75 percent of value is insured by a qualified "private" insurer). Removes the 10 percent limitation on the purchase of conventional mortgages over one year old. Provides that the maximum amounts of conventional mortgages purchased by FNMA shall be comparable to the limitations contained in the Home Owner's Loan Act of 1933 ($45,000 in the case of single-family dwellings and the dollar amounts contained in the National Housing Act for multi-family housing), except that such limitations may be increased by 25 percent with respect to mortgages on property located in Alaska, Guam, and Hawaii.
United States · United States Congress · 19 September 1973
Combined Old-Age, Survivors, and Disability Insurance - Income Tax Reporting Amendments - Title I: Amendments to Title II of the Social Security Act - Directs the Secretary of the Treasury to make available specified tax returns to the Secretary of Health, Education, and Welfare. Empowers the Secretary of HEW and the Secretary of the Treasury to enter into an agreement for the processing of information contained in such returns. Requires the Secretary of the Treasury to provide to the Secretary of the HEW any documents they agree are necessary for such processing. Directs the Managing Trustee of the Trust Funds, including the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund, to pay into the Treasury the amounts he and the Secretary of HEW estimate will be expended from the general fund of the Treasury by the Department of HEW and Treasury for the administration of (1) titles II, XVIII of the Social Security Act, and (2) specified chapter and subchapters of the Internal Revenue Code. Requires the Secretary of HEW to apportion (between each Trust Fund and the general fund in the Treasury) the costs of administratering titles II, XVI and XVIII of the Social Security Act and its costs in carrying out specified functions of this Act. Provides that average monthly wage, quarters of coverage, and coverage credits derived from self-employment income for taxable years beginning before 1974 are to be determined on a basis of income credited to calender quarters. Limits quarters coverage to quarters occuring before 1974 and make additonal modification to taxation of self-employed persons. Allocates, under the Social Security Act, coverage credits for earnings before 1974 based on quarters of coverage and after 1973 on the basis of earnings durings the calendar year. Provides that a person will satisfy the requirements prerequisite to a determination of disability if he has 20 or more coverage credits which were credited to the period ending on the day the disability arose and consisting of that part of the current calendar year up until the day the disability began and the nine prior calendar years. Redefines a "fully insured individual" in terms of coverage credits rather than quarters of coverage." States that any person upon obtaining the age of 62 with the proper number of coverage credits is fully insured. Provides that specified benefits be paid to individuals not citizens of the United States who amassed sufficient coverage credits. Title II: Amendments Preserving Relationship Between Railroad Retirement and Old-Age, Survivors, and Disability Insurance - Provides, under the Railroad Retirement Act of 1937, that in the calculation of an employee's "average monthly renumeration" after calendar 1974 an individual employee shall obtain the benefit of full allowable coverage credits, irrespective of whether particular quarters of coverage were otherwise available for calculation purposes.
United States · United States Congress · 13 September 1973
Provides, under the Economic stabilization Act of 1970, that the President, in exercising authority with respect to retail pride levels, shall permit the passthrough of all increases in the cost of goods sold or services performed.
United States · United States Congress · 12 September 1973
Extends for one year the authority of the Secretary of Housing and Urban Development with respect to the insurance of loans and mortgages under the Federal Housing Administration Insurance Programs. Extends the authorization pursuant to the following programs relating to housing and urban development: (1) urban renewal, (2) model cities, (3) open-space land, (4) neighborhood facility grants, (5) rehabilitation loans, (6) new community development, and (7) rural housing.
United States · United States Congress · 6 September 1973
Provides that, notwithstanding the provisions of Senate Resolution 60, 93rd Congress, agreed to February 7, 1973, or any rule of the Senate, the Select Committee on Presidential Campaign Activities, established pursuant to such resolution, shall not permit the live broadcasting, by television or radio, of any hearing or meeting conducted by such committee, or any subcommittee thereof, on or after the date on which the resolution is agreed to by the Senate.
United States · United States Congress · 3 August 1973
Provides that whoever discloses any matter occurring before any grand jury impaneled before a court of the United States shall be fined not more than $5,000, imprisoned not more than two years or both. Specifies the circumstances under which such penalty shall not apply. (Adds 18 U.S.C. 1512)
United States · United States Congress · 3 August 1973
Provides, under title II (Old-Age, Survivors', and Disability Insurance) of the Social Security Act, that persons who are blind and have at least six quarters of coverage shall be eligible for disability insurance benefits. Outlines those regulations which apply to the amount of benefits to be received. Defines blindness as used in this Act. Continues payment of such benefits as long as the blindness lasts, notwithstanding the amount of the individuals' earnings.
United States · United States Congress · 3 August 1973
Historic Structures Tax Act - Title I: Short Title, Etc. - States that the changes made by this Act are to be changes to the Internal Revenue Code of 1954. Title II: Preservation and Rehabilitation of Historic Structures - Provides that every person, at his election, shall be entitled to a tax deduction under the Internal Revenue Code with respect to the amortization of the amortizable basis of any certified historic structure based on a period of 60 months. Sets forth the definitions of terms used in this Act, including the definition of "certified historic structure" as a building or structure which: (1) is listed in the National Register, or (2) is located in a Registered Historic District and is certified by the Secretary of the Interior or his delegate as being of historic significance to the distirct. Provides that in the case of the demolition of a certified historic structure: (1) no deduction shall be allowed to the owner or lessee of such structure for any amount expended for such demolition, or any loss sustained on account of such demolition; and (2) amounts described in paragraph (1) shall be treated as property chargeable to capital account with respect to the land on which the demolished structure was located. Permits the straight line method of depreciation of improvements in specified cases. Title III: Rehabilitation of Other Property - Provides that pursuant to regulations prescribed by the Secretary or his delegate, the taxpayer may elect to compute the depreciation deduction attributable to substantially rehabilitated property as though the original use of such property commenced with him. Title IV: Charitable Transfers for Conservation Purposes - Provides for income tax deductions for charitable contributions of partial interests in property for conservation purposes. Allows estate tax and gift tax deductions for transfers of partial interests in property for conservation purposes.
United States · United States Congress · 3 August 1973
Declares that the United States Senate does hereby congratulate and felicitate the distinguished Senator from Mississippi, the Honorable John C. Stennis, on his birthday and expresses the wish that he will enjoy many other such anniversaries in the future. Declares that members of the Senate greatly miss the distinguished Senator and wish for him an early return to the Senate Chamber and to his duties in the Senate. Directs that a copy of this Resolution be spread upon the Journal of the Senate and a copy furnished to Mr. Stennis.
United States · United States Congress · 2 August 1973
Uniformed Services Medical Special Pay Act - Provides that specified medical and dental officers of the Army, Navy, Air Force and Public Health Service shall be entitled to special pay for active duty. Provides for continuation pay for physicians and dentists of the Public Health Service who extend their service on active duty. Provides special pay for officers of the Armed Forces in health professions who execute active-duty agreements. States that, under regulations prescribed by the Secretary of Defense, the Secretary concerned, or his designee, may terminate, at any time, an officer's entitlement to the special pay authorized by this Act.
United States · United States Congress · 1 August 1973
Provides that each Senator shall be entitled to not more than three offices (including mobile offices) for official use within the State he represents. States that in the event that (1) office space is not available in any post office or Federal building, or (2) the Senator desires mobile offices, the amount available to the Senator may be extended to secure such other office space or mobile offices.
United States · United States Congress · 27 July 1973
Provides for a temporary extension of the authority of the Secretary of Housing and Urban Development with respect to the insurance of loans and mortgages.
United States · United States Congress · 23 July 1973
Institutional Investment Full Disclosure Act - Provides that every institutional investment manager who uses the mails, or any means or instrumentality of interstate commerce, or any facilities of a national securities exchange, directly or indirectly, to effect transactions in securities and who exercises investment discretion over any accounts having an aggregate fair market value at any time during the preceding twelve months of at least $10,000,000, and every registered dealer and exchange member with any trading or investment accounts having an aggregate fair market value at any time during the preceding twelve months of at least $5,000,000 shall file with the Securities and Exchange Commission such reports as the Commission shall prescribe as necessary or appropriate in the public interest, to assure the maintenance of fair and orderly markets, or for the protection of investors. (Amends 15 U.S.C. 78m)
![Official portrait of Sen. Tower, John G. [R-TX]](https://www.congress.gov/img/member/t000322_200.jpg)