Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

701 records in US in 1980

Records

Bill· HRH.R. 6578 (96th)referred

Tuition Tax Credit Act

United States · United States Congress · 22 February 1980

Tuition Tax Credit Act - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit for 50 percent of the tuition paid for the elementary, secondary, college, or post-secondary vocational education of the taxpayer, his or her spouse, or any of his or her dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1980 through 1982. Treats tuition payments as paid for calendar year 1980 only if such payments are made on or after August 1, 1980, and before February 1, 1981, for education furnished on or after August 1, 1980, and before January 1, 1981. Treats tuition payments as paid for calendar years 1981 and thereafter only if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Specifies that tuition must be paid for general (non-graduate) courses of instruction in order to qualify for the credit. Defines full-time and qualified half-time student. Excludes from the definition of "tuition" any amounts paid for books, supplies, equipment for coursework, meals, lodging, transportation, or similar personal expenses, or education below the first grade level. Reduces the amount of tuition eligible for the credit by amounts of scholarship assistance received by the taxpayer. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution within the meaning of this Act. Specifies that the granting of a tax credit to a student enrolled in a particular institution shall not be considered as Federal assistance to such institution. Requires the disregard of any amount received by the taxpayer as a tuition tax credit for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.

Bill· HRH.R. 6563 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the two-thousand dollars credit for the purchase of a new principal residence will not be recaptured where the taxpayer replaces it with another principal residence.

United States · United States Congress · 21 February 1980

Amends the Internal Revenue Code to provide that failure to purchase a newly-constructed principal residence with the proceeds from the sale of a newly-constructed principal residence, the original purchase of which resulted in a tax credit to the taxpayer, will not trigger the recapture of such credit if the taxpayer replaces such residence with other property used as the taxpayer's principal residence.

Law· SS. 2320 (96th)open

An act to authorize appropriations to the Secretary of Commerce for the programs of the National Bureau of Standards for fiscal years 1981 and 1982, and for other purposes.

United States · United States Congress · 20 February 1980

National Bureau of Standards Authorizations of Appropriations Act for Fiscal Years 1981 and 1982 - Authorizes appropriations for fiscal years 1981 and 1982 to the Secretary of Commerce for: (1) activities of the National Bureau of Standards under the Act of March 3, 1901 and other statutes; (2) facilities improvement; (3) international activities; and (4) activities performed for other agencies.

Bill· SS. 2321 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt from taxation the earned income of certain individuals working outside the United States.

United States · United States Congress · 20 February 1980

Amends the Internal Revenue Code to: (1) eliminate the dollar maximums on the earned income exclusion for United States citizens working abroad who are bona fide residents of a foreign country; and (2) repeal the existing provisions allowing tax deductions for certain living expenses abroad.

Bill· SS. 2309 (96th)referred

A bill to prevent the interest rate on extended payments on estate taxes attributable to certain farms and closely held businesses from increasing to 12 percent.

United States · United States Congress · 20 February 1980

Amends the Internal Revenue Code, with respect to the interest rate on extended payments on estate taxes attributable to certain farms and closely held businesses, to provide that the rate of interest on qualifying deferred payments, other than those required to pay four percent, will be the lesser of six percent or 75 percent of the prime rate as determined by the Board of Governors of the Federal Reserve System.

Bill· SS. 2322 (96th)referred

Maritime Appropriation Authorization Act for Fiscal Year 1981

United States · United States Congress · 20 February 1980

Maritime Appropriation Authorization Act for Fiscal Year 1981 - Authorizes appropriations for fiscal year 1981 for use by the Department of Commerce for: (1) acquisition, construction, or reconstruction of vessels, the construction-differential subsidy, and the cost of national defense features incident to the construction, reconstruction, or reconditioning of ships; (2) payments of obligations incurred for the operating-differential subsidy; (3) research and development activities; (4) maritime education and training expenses; and (5) operating expenses including reserve fleet expenses. Authorizes additional appropriations for increases in salary, pay, retirement, or other employee benefits authorized by law, and for increased costs for public utilities, food service, and other expenses of the Merchant Marine Academy at Kings Point, New York.

Bill· SS. 2310 (96th)referred

National Bureau of Standards Authorizations of Appropriations Act for Fiscal Years 1981 and 1982

United States · United States Congress · 20 February 1980

Authorizes the Office of Personnel Management to take appropriate action on counterclaims filed by the government of the District of Columbia as setoff against amounts otherwise due and payable from the civil service retirement fund to former employees of the government of the District of Columbia. Requires that the indebtedness due to the D.C. government be directly related to employment with such government.

Bill· HRH.R. 6549 (96th)referred

A bill to provide a credit against income tax for expenditures to upgrade certain railroad property.

United States · United States Congress · 20 February 1980

Amends the Internal Revenue Code to allow a nonrefundable income tax credit for expenditures made to upgrade railroad property acquired after December 31, 1979, from a railroad in reorganization under the Bankruptcy Act to specified standards established by the Federal Railroad Administration's Track Safety Standards.

Law· HRH.R. 6554 (96th)open

An act to authorize appropriations for fiscal year 1981 and a supplemental appropriation for fiscal year 1980 for certain maritime programs of the Department of Commerce, and for other purposes.

United States · United States Congress · 20 February 1980

Maritime Appropriations Authorization Act for Fiscal Years 1981 and 1982 - Authorizes appropriations for fiscal years 1981 and 1982 for use by the Department of Commerce for: (1) the acquisition, construction, or reconstruction of vessels, the construction-differential subsidy, and the cost of national defense features incident to the construction, reconstruction or reconditioning of ships; (2) the payment of obligations incurred for the operating-differential subsidy; (3) research and development activities including a specified amount for the sole purpose of conducting a sealift readiness exercise; (4) maritime education and training expenses; and (5) operating expenses including reserve fleet expenses. Authorizes additional appropriations for increases in salary, pay, retirement, or other employee benefits authorized by law, and for increased costs for public utilities, food service, and other expenses of the Merchant Marine Academy at Kings Point, New York.

Bill· HRH.R. 6543 (96th)referred

Capital Cost Recovery Act of 1979

United States · United States Congress · 20 February 1980

Capital Cost Recovery Act of 1979 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year.

Bill· HRH.R. 6529 (96th)referred

Economic Redevelopment Area Tax Incentive Act of 1980

United States · United States Congress · 19 February 1980

Economic Redevelopment Area Tax Incentive Act of 1980 - Amends the Internal Revenue Code to extend investment tax credit treatment to qualified redevelopment property. Defines "qualified redevelopment property" as depreciable business property which is located in geographic areas which have been identified by the Secretary of Labor as having persistently high rates of unemployment. Sets the rate of such investment tax credit at 12 percent.

Bill· HRH.R. 6535 (96th)referred

A bill to extend the authorization of appropriations for the National Institute of Education through fiscal year 1985.

United States · United States Congress · 19 February 1980

Amends the General Education Provisions Act to extend the authorization of appropriations for the National Institute of Education through fiscal year 1985.

Bill· SS. 2293 (96th)referred

A bill to amend the Revenue Act of 1978 to provide that the inclusion in gross income of certain amounts of unemployment compensation shall not apply to unemployment compensation which is payable by reason of a work stoppage in 1973 but which was not paid until 1979.

United States · United States Congress · 18 February 1980

Amends the Internal Revenue Code to exclude from gross income unemployment compensation payments (otherwise includible under the Revenue Act of 1978) which were made in 1979 after legal challenges to a 1973 work stoppage failed.

Bill· HRH.R. 6517 (96th)referred

Anti Inflation Tax Relief Act of 1980

United States · United States Congress · 13 February 1980

Anti-Inflation Tax Relief Act of 1980 - Amends the Internal Revenue Code to provide for annual cost-of-living adjustments to the individual income tax rates, the zero bracket amount, minimum tax return filing requirements, and the $1,000 personal tax exemption.

Bill· HRH.R. 6515 (96th)reported

Panama Canal Appropriations Authorization Act, Fiscal Year 1981

United States · United States Congress · 13 February 1980

Panama Canal Appropriations Authorization Act, Fiscal Year 1981 - Authorizes appropriations for fiscal year 1981 from the Panama Canal Commission Fund for the expenses of the Panama Canal Commission incurred under the Panama Canal Act of 1979. Reserves a specified portion of such authorization for improvements, facilities, and equipment required by such Commission. Establishes ceilings on the appropriations for specified categories of projects. Permits the amount that may be expended for any one project to be increased above the amount specified for such project upon approval by the Board of the Commission and notification of the appropriate congressional committees. Permits the crediting to such appropriation of funds received from Commission employees or insurers for services provided to Commission employees by other Federal agencies. Authorizes appropriations from such Fund for deposit into the Panama Canal Emergency Fund for emergency expenses. Permits continuing contracts for programs as long as any such contract does not exceed in the aggregate the total amount for each specified program. Requires any spending authority to be provided in advance in appropriation Acts.

Bill· HRH.R. 6516 (96th)referred

Panama Canal Appropriations Authorization Act, Fiscal Year 1981

United States · United States Congress · 13 February 1980

Panama Canal Appropriations Authorization Act, Fiscal Year 1981 - Authorizes appropriations for fiscal years 1981 and 1982 from the Panama Canal Commission Fund for the expenses of the Panama Canal Commission incurred under the Panama Canal Act of 1979 and the Panama Canal Treaty of 1977. Reserves a specified portion of such authorizations for improvements, facilities, and equipment required by such Commission. Establishes ceilings on the appropriations for specified categories of projects. Permits the amount that may be expended for any one project to be increased above the amount specified for such project upon approval by the Board of the Commission and notification of the appropriate congressional committees. Authorizes additional appropriations for increases in employee benefits, payments to Panama, and increased fuel expenses. Permits the crediting to such appropriation of funds received from Commission employees or insurers for services provided to Commission employees by other Federal agencies. Authorizes appropriations from such Fund for deposit into the Panama Canal Emergency Fund for emergency expenses. Permits continuing contracts for programs as long as any such contract does not exceed in the aggregate the total amount for each specified program. Requires any spending authority to be provided in advance in appropriation Acts.

Bill· HRH.R. 6512 (96th)referred

A bill to amend title II of the Social Security Act to make it clear that social security benefits are and will continue to be exempt from all taxation.

United States · United States Congress · 13 February 1980

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to prohibit the taxation of any title II benefits.

Bill· HRH.R. 6507 (96th)referred

Truth in Taxes Act

United States · United States Congress · 13 February 1980

Truth in Taxes Act - Title I: Adjustments in Income Taxes - Amends the Internal Revenue Code to require annual cost-of-living adjustments in all: (1) individual and corporate income tax rates; (2) personal exemption and the zero bracket amounts; (3) withholding allowances; and (4) minimum requirements for filing a return. Title II: Adjustments in Estate and Gift Taxes - Amends the Internal Revenue Code to require annual cost-of-living adjustments in: (1) the estate and gift tax rates; and (2) the unified credit against such taxes. Title III: Increase in Certain Excise Taxes - Requires the Secretary of the Treasury to make annual cost-of-living increases in the specified amount basis (as opposed to the percentage basis) rates for the: (1) gasoline tax; (2) tax on special fuels; (3) tax on distilled spirits, wine, and beer; and (4) tax on cigars, cigarettes, and cigarette papers and tubes.

Bill· HRH.R. 6489 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for certain contributions to product liability loss reserve accounts.

United States · United States Congress · 12 February 1980

Amends the Internal Revenue Code to allow an income tax deduction to business enterprises engaged in the manufacture, importation, distribution, lease, or sale of products for which such businesses may incur product liability for contributions to their product liability loss reserve accounts and for amounts paid to captive insurers (wholly or partially-owned by such businesses) for product liability insurance. Requires that such businesses demonstrate difficulty in obtaining product liability insurance at reasonable rates. Disallows any deductions for product liability losses which do not exceed the sum of the total trust funds in the taxpayer's account at the beginning of the taxable year plus the amount of deductible payments made by the taxpayer to the account during such year. Imposes penalties for the improper use of product liability reserve funds.

Bill· HRH.R. 6488 (96th)referred

United States Olympic Development Fund Checkoff Act of 1980

United States · United States Congress · 12 February 1980

United States Olympic Development Fund Checkoff Act of 1979 - Amends the Internal Revenue Code to permit taxpayers to designate on their income tax returns that either $1 of any tax refund or $1 of any contribution which the taxpayer forwards with his tax return shall be payable to the United States Olympic Development Fund. Establishes the United States Olympic Development Fund under the auspices of the Secretary of the Treasury for the receipt of tax contributions and payments to the United States Olympic Development Fund. Directs the United States Olympic Committee to use such funds for a program to expand and improve amateur athletics in the United States. Requires reports on the expenditure of such funds to be submitted by the United States Olympic Committee and the President's Council on Physical Fitness and Sports.

Bill· HRH.R. 6498 (96th)referred

A bill to exclude from gross income, for purposes of Federal income tax, interest paid to sellers of agricultural land purchased with loans made by such sellers to certain farmers and ranchers and insured under the Consolidated Farm and Rural Development Act.

United States · United States Congress · 12 February 1980

Amends the Internal Revenue Code to exclude from gross income interest income received by a seller of agricultural land pursuant to an insured loan under the Consolidated Farm and Rural Development Act which is extended to certain new farmers or ranchers.

Bill· SS. 2285 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to make additional interest from savings eligible for exclusion.

United States · United States Congress · 8 February 1980

Amends provisions of the Crude Oil Windfall Profit Tax Act of 1980 which provide for an income tax exclusion for interest and dividends to allow an additional exclusion from gross income of interest and dividends received by individuals over and above the current maximum of $200 ($400 for married individuals filing a joint return) as allowed by such Act. Allows exclusion of up to 25 percent of the interest and dividends received above $200 ($400). Phases-in such additional percentage at five percent increments from 1981 through 1985.

Bill· SS. 2288 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to make additional interest from savings eligible for exclusion.

United States · United States Congress · 8 February 1980

Amends provisions of the Crude Oil Windfall Profit Tax Act of 1980 to: (1) increase from $200 ($400 in the case of a joint return) to $500 ($1000 in the case of a joint return) the maximum aggregate of dividends and interest that may be excluded from an individual's gross income; and (2) allow an additional exclusion of up to 25 percent of the interest and dividends received above $500 ($1000). Phases-in such additional percentage at five percent increments from 1981 through 1985.

Bill· SS. 2283 (96th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the income tax treatment of earned income of citizens or residents of the United States earned abroad.

United States · United States Congress · 8 February 1980

Amends the Internal Revenue Code to increase the earned income exclusion for United States citizens working abroad, who are bona fide residents of a foreign country, from an annual rate of $20,000 to: (1) $50,000; or (2) $65,000, if such persons have been working abroad for more than two years. Allows separate exclusions to married individuals who are both working overseas, although one's excess exclusion cannot be used against income earned by the other. Allows an exclusion from gross income for housing allowances or housing expenses which exceed 20 percent of earned income (determined without regard to such allowance). Repeals current provisions of the Code allowing tax deductions to such persons for certain living expenses abroad.

Bill· SS. 2280 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to repeal the estate and gift taxes and the tax on generation-skipping transfers.

United States · United States Congress · 7 February 1980

Amends the Internal Revenue Code to repeal the estate, gift, and generation-skipping transfer taxes. Directs the Secretary of the Treasury to submit technical and conforming amendments to the appropriate congressional committees within 90 days after the enactment of this Act.

Bill· SS. 2276 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction to individuals who rent their principal residences for a portion of the real property taxes paid or accrued by their landlords.

United States · United States Congress · 7 February 1980

Amends the Internal Revenue Code to allow individuals who rent their principal residence an income tax deduction for a portion of the real property taxes paid or accrued by their landlord.

Bill· SS. 2275 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to make technical amendments in the provisions relating to general stock ownership corporations.

United States · United States Congress · 7 February 1980

Amends the Internal Revenue Code, with respect to general stock ownership corporations, to: (1) allow the transfer of a share of stock in such a corporation to the estate of a deceased shareholder; (2) declare the penalty tax for failure to make minimum annual distributions a deductible ordinary and necessary expense of such a corporation; and (3) make technical amendments.

Bill· HRH.R. 6461 (96th)referred

Family Business Ranch, and Farm Protection Act of 1980

United States · United States Congress · 7 February 1980

Family Business Ranch, and Farm Protection Act of 1980 - Amends the Internal Revenue Act, with respect to estate taxes, to reduce the value of any jointly held interest in a decedent's gross estate by up to 50 percent (not to exceed $500,000) of any real or tangible property devoted to use as a farm or to use in any other trade or business, where the decedent's spouse and/or children materially participated in the operation of such farm, trade, or business. Specifies a formula for the computation of the special value of any such interest. Imposes an additional tax to recapture any such tax benefits should the spouse and/or child dispose of any interest in such property within five years following the decedent's death.

Bill· SS. 2268 (96th)referred

A bill to extend to 60 days the period over which subsistence expenses may be paid to Government employees evacuated from Iran during Fiscal Year 1979.

United States · United States Congress · 6 February 1980

Extends to 60 days the period over which subsistence expenses may be paid to a Government employee who occupied temporary quarters after being evacuated from Iran during fiscal year 1979.

Bill· HRH.R. 6448 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to increase to $500 the dividends which may be excluded from the gross income of an individual.

United States · United States Congress · 6 February 1980

Amends the Internal Revenue Code to increase the amount of the exclusion from gross income of dividends received by individuals from $100 to $500.

Bill· HRH.R. 6436 (96th)referred

Fiscal Year Revision Act of 1980

United States · United States Congress · 6 February 1980

Fiscal Year Revision Act of 1980 - Changes the fiscal year of the Treasury of the United States beginning on July 1, 1982, to the period commencing on July 1 of each year and ending on June 30 of the following year.

Bill· HRH.R. 6450 (96th)referred

Tax Reduction Act of 1980

United States · United States Congress · 6 February 1980

Tax Reduction Act of 1980 - Amends the Internal Revenue Code to reduce individual income tax rates. Increases the zero bracket amount (formerly, the standard deduction) for individual taxpayers. Allows a refundable income tax credit equal to ten percent of the social security taxes paid by employers, employees, and self-employed individuals during the taxable year. Reduces corporate income tax rates. Allows an income tax credit for research and experimental expenditures paid or incurred in a taxpayer's trade or business which are in excess of 2.5 percent of the gross receipts of such trade or business for the taxable year. Provides for the carryover and carryback of excess credit amounts. Provides for a taxpayer election of a useful life for small business depreciable assets which does not vary from established class life guidelines by more than 20 percent. Permits the disregard of the salvage value of a small business depreciable asset. Raises the allowable amount of equity capital of a small business corporation which issues stock eligible for ordinary loss treatment from $1,000,000 to $2,000,000.

Bill· HRH.R. 6439 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to exclude $9,000 of income from the gross income of each individual who has attained age 65, and to reaffirm the fact that benefits payable under title II of the Social Security Act are exempt from federal taxation.

United States · United States Congress · 6 February 1980

Amends the Internal Revenue Code to exclude from gross income up to $9,000 of income received by an individual age 65 or older during the taxable year. Permits such individual to designate which items of income shall be included in the amount that is excludable under this Act. Reaffirms the nontaxability of social security benefits.

Bill· HRH.R. 6442 (96th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of gain on the sale or exchange of foreign investment company stock.

United States · United States Congress · 6 February 1980

Amends the Internal Revenue Code to exclude certain amounts of gain from the sale or exchange of foreign investment company stock from treatment as ordinary income.

Bill· SS. 2265 (96th)referred

A bill to amend Part III of Subchapter B of Chapter 1 of the Internal Revenue Code.

United States · United States Congress · 5 February 1980

Amends the Internal Revenue Code to allow an exclusion from income of interest on an advance-refunding issue of an industrial development bond, provided such issue is secured by a pledge of substantial revenues of the issuer derived from at least 20 separate facilities operated or leased by the issuer, and that such pledge is on a parity of lien with other issues. Requires the issuer to be an established political subdivision created for the express purpose of, and primarily engaged in, promoting economic development. Prohibits the issuer from passing through any debt-service savings to a non-exempt person.

Bill· SS. 2266 (96th)referred

A bill to amend Section 1014 of the Internal Revenue Code.

United States · United States Congress · 5 February 1980

Amends the Internal Revenue Code, with respect to the estate tax, to provide that the basis of an interest in farming or small business property in the hands of a person acquiring such interest from the decedent shall be the fair market value of the property. Requires an increase in the basis of property acquired in a generation-skipping transfer before the transferor's death by an amount equal to the generation-skipping tax imposed.

Resolution· HRESH.Res. 560 (96th)passed

A resolution providing for the consideration of H.R. 3995, a bill to authorize appropriations for the Noise Control Act of 1972 for the fiscal years 1980 and 1981.

United States · United States Congress · 5 February 1980

Sets forth the rule for the consideration of H.R. 3995 (Noise Control Act funding).

Bill· HRH.R. 6402 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to make certain changes in the tax treatment of private foundations.

United States · United States Congress · 4 February 1980

Amends the Internal Revenue Code to provide that the income tax deduction for charitable contributions to private foundations shall be the same as the deduction allowed for contributions to public charities (50 percent of taxpayer adjusted gross income). Eliminates distinctions between public charities and private foundations for purposes of the tax deduction for charitable contributions. Exempts grants made to charitable organizations by a private foundation from the excise tax penalties on private foundation taxable expenditures, if the foundation making the grant has not made grants to the organization in excess of $15,000 during the calendar year. Permits the abatement of excise tax penalties imposed on private foundations if the Secretary of the Treasury determines that the activity giving rise to the tax penalty was due to reasonable cause and not to intentional disregard of rules and regulations, and was corrected within the specified time period for corrections. Redefines "members of family" for purposes of identifying disqualified persons under the private foundation self- dealing rules, to include the individual's spouse, ancestors, and children, and the spouses of the individual's children. Limits the amount of private foundation income which is required to be distributed for a taxable year to the amount of the minimum investment return, as defined under the private foundation excise tax penalty rules, (currently, the greater of minimum investment return or adjusted net income). Classifies expenses for the production of gross investment income or for the management of investment property as qualifying distributions for purposes of requirements relating to the distribution of private foundation distributable income. Excludes capital gain income from the computation of net investment income for purposes of computing the two percent tax on the investment income of private foundations.

Bill· HRH.R. 6386 (96th)reported