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Bill· HRH.R. 6207 (96th)referred
United States · United States Congress · 20 December 1979
Transportation Systems Efficiency Act of 1979 - Title I: - Amends the Urban Mass Transportation Act of 1964 to stipulate that the authorization of funds for public mass transportation projects under such Act shall remain available for obligation for the three fiscal years after the fiscal year for which the authorization was made. Authorizes the Secretary of Transportation to make grants for energy conservation projects on nontoll public roads to reduce traffic congestion and facilitate traffic flow on a Federal-aid system highway. Stipulates that the Federal share of such a project shall be 90 percent of its cost. Authorizes appropriations for fiscal years 1981 through 1990 out of the Public Transportation Trust Fund (as established by title III of this Act) for projects under the Urban Mass Transportation Act of 1964 and for public mass transportation projects substituted for Interstate Highway System projects. Title II: - Authorizes the Secretary of Transportation to apportion funds for the repair of public roads which have incurred a substantial increase in use as a result of transportation activities to meet national energy requirements and which will continue to incur such use. Stipulates that the Federal share of such a project shall be 80 percent of its cost. Authorizes appropriations for fiscal years 1980 through 1990 for such purpose out of the Highway Trust Fund and out of the Energy Trust Fund (as established by H.R. 3919 of the 96th Congress or its equivalent). Authorizes the Secretary to make grants to separate rail highway crossings where there is a substantial increase in the use of rail facilities in transporting coal to meet national energy requirements and where the continued use of such facilities will result in substantial delays of highway travel. Stipulates that the Federal share of such a project shall be 80 percent of its cost. Authorizes appropriations for such purpose for fiscal years 1980 through 1990 out of the Highway Trust Fund and the Energy Trust Fund. Title III: Public Transportation Trust Fund - Establishes within the Treasury of the United States the Public Transportation Trust Fund. Appropriates to such Fund 25 percent of the amounts received by the Treasury pursuant to the windfall profit tax on domestic crude oil. Stipulates that the proceeds of such Fund shall be used for making capital expenditures for public transportation projects or transportation systems projects under the Urban Mass Transportation Act of 1964 or under title 23 (Highways) of the United States Code.
Resolution· HCONRESH.Con.Res. 234 (96th)referred
United States · United States Congress · 20 December 1979
Calls upon the President to consult with friendly nations to coordinate naval and other resources in a Sealane Security System to provide lifesaving assistance and insure free passage through East and Southeast Asian sealanes.
Bill· SS. 2156 (96th)passed
United States · United States Congress · 19 December 1979
Northeast Corridor Completion Act of 1979 - Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to extend the time period within which (1) regularly scheduled and dependable intercity rail passenger service is to be established between Boston and New York and New York and Washington, D.C.; and (2) the National Railroad Passenger Corporation must submit to the President and to Congress an updated, comprehensive report on the financial and operating results of such service. Increases the amount authorized to be appropriated to effectuate the establishment of such service. Authorizes the Secretary to acquire any real property which the Secretary deems necessary to effectuate such service. Authorizes the Secretary to enter into contracts with cost- sharing parties to permit the Secretary to incur obligations to carry out improvements in anticipation of reimbursement from such parties. Permits the Secretary to transfer to the National Railroad Passenger Corporation excess real or personal property from the Northeast Corridor Improvement Project. Establishes a goal of self- sufficiency for such intercity passenger service within five years of the completion of such Project. Amends the Department of Transportation Act to authorize the Secretary to establish a working capital fund for financing the activities of the Transportation Systems Center, including research and analysis.
Law· HJRESH.J.Res. 467 (96th)open
United States · United States Congress · 19 December 1979
Appropriates specified sums for fiscal year 1980 to the Bureau of Governmental Financial Operations in the Department of the Treasury for administrative expenses authorized by the Chrysler Corporation Loan Guarantee Act of 1979. Authorizes loan guarantee commitments to be extended during fiscal year 1980 in the amount of $1,500,000,000 in contingent liability for loan principal.
Bill· HRH.R. 6157 (96th)referred
United States · United States Congress · 17 December 1979
Modifies the navigation project for Moriches and Shinnecock Inlets, New York, to require the Secretary of the Army, through the Chief of Engineers, to take action to stabilize Moriches Inlet at ten feet mean low water. Makes the Secretary responsible for the operation and maintenance of such project. Requires contributions from local interests.
Bill· HRH.R. 6123 (96th)referred
United States · United States Congress · 13 December 1979
Amends the Shipping Act, 1916, to redefine the term "person" to include corporations, partnerships, and associations existing under, or authorized by the laws of the Commonwealth of Puerto Rico. States that corporations organized under the laws of the Commonwealth of Puerto Rico shall be deemed citizens of the United States for purposes of such Act.
Bill· SS. 2105 (96th)referred
United States · United States Congress · 10 December 1979
Transfers to the Urban Mass Transportation Administrator for one year the authority of the Secretary of Transportation to make grants or loans to State and local public agencies to assist the financing of urban mass transportation systems.
Bill· SS. 2094 (96th)passed
United States · United States Congress · 6 December 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Establishes a Chrysler Corporation Loan Guarantee Board composed of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, and the Comptroller General of the United States. Designates the Secretary of the Treasury as Chairperson of the Board. Authorizes the Board to make commitments to guarantee loans made to Chrysler, its affiliates, or other entities borrowing funds for the use of Chrysler. Requires the Board, before issuing a commitment, to determine that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,430,000,000 in funds not guaranteed by the Federal Government, obtained through commitments and concessions contributed by persons with an existing economic stake in Chrysler and capital and cash acquired by merger, the sale of securities loans subordinated to any guaranteed loans the disposition of assets or otherwise after October 17, 1979; (4) all financing contemplated by the financing plan is available and adequate; and (5) Chrysler's existing creditors will continue to waive their rights under prior credit commitments in default unless the Board determines that the exercise of such rights will not adversely affect the operating and financial plans. States that any concession obtained by Chrysler shall be nonrecoupable except for loans and other credits. Requires subordinated loans to provide for a deferral of all payments until all guaranteed loans are repaid. Directs the Board to compute the cash value of contemplated sales of Chrysler's assets through a conservative estimate of the minimum value realizable in a sale. Excludes any concession, contribution, or other element that does not substantively contribute to Chrysler's financing needs and deferral of dividends on Chrysler stock outstanding on October 17, 1979, in computing the required level of nonfederally guaranteed financing. Requires such nonfederally guaranteed assistance to include: (1) at least $500,000,000 from financial institutions in the form of new loans and concessions on existing indebtedness; (2) at least $150,000,000 from foreign financial institutions and creditors; (3) at least $300,000,000 from the disposition of Chrysler assets; (4) at least $250,000,000 from State and local governments; (5) at least $180,000,000 from Chrysler's suppliers and dealers; and (6) at least $50,000,000 from the sale of equity securities. Permits the Board to modify such amounts provided the required level of nonguaranteed funding is obtained. Stipulates that the Board may issue guarantees only pursuant to such commitments. Requires such commitments to provide that guarantees will only be issued if the Board determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Board not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling six-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Board under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Board to determine the form of all guarantees issued under this Act. Directs the Board to collect, at least once a year, a guarantee fee of at least one percent per annum on the outstanding guaranteed loan principal computed daily. Requires the Board to ensure that the Government is compensated for the risk it assumes in issuing guarantees through the collection of additional guarantee fees, contracts which allow the Government to share in Chrysler's profits, or other methods deemed appropriate by the Board. Prohibits the issuance of any loan guarantee if Chrysler enters into a collective bargaining agreement with its union employees before September 13, 1982, which increases wages and benefits beyond the levels in effect on September 13, 1979, excluding specified increases in contributions to medical and pension plans. Prohibits increases which would accrue as a result of a cost-of-living allowance, an annual improvement factor, or an incentive job classification. Prohibits the payment of any wage or benefit increase on a deferred basis. Prohibits the aggregate wages and benefits of Chrysler's non-union employees for any fiscal year beginning before December 31, 1982, from exceeding the total annual cost of such wages and benefits for the fiscal year ending December 31, 1979, unless an excess results from an increase in Chrysler's production determined by the Board. States that such limitations on wages and benefits shall not apply to increases required by law. Stipulates that a job reclassification or promotion effected to evade the provisions of this Act shall be considered an indirect form of compensation. Permits Chrysler, after September 13, 1981, to increase wages and benefits during the following year if the Board determines that the amount of financing Chrysler has obtained under its financing plan exceeds its needs and that Chrysler has complied with the terms of this Act. Limits such an increase to 50 percent of such excess funds. Requires the remaining 50 percent to be applied equally to reduce the amount of Federally guaranteed and nonguaranteed assistance. Authorizes the Board to permit an increase in wages and benefits beyond the level of September 13, 1979, if it determines that union and employee commitments to contribute cash to Chrysler during the three-year period wages and benefits are frozen under this Act exceed the amount of wages and benefits not been paid during such period. Limits the amount of such an increase to the amount of cash contributions committed. Predicates any increase in wages and benefits on the Board's determination that such action will not impair Chrysler's ability to continue with sufficient net earnings to maintain long-term profitability taking into account probable fluctuations in the automobile market and will be able to satisfy other tests of viability prescribed by the Board. Requires Chrysler to establish a trust as a part of an employee stock ownership plan (ESOP) which is satisfactory to the Board. Requires such ESOP to: (1) be maintained by Chrysler; (2) meet certain requirements of the Internal Revenue Code of 1954; (3) provide each participant a nonforfeitable right to accrued benefits; and (4) allocate employer contributions equally among participants. Requires Chrysler to contribute $250,000,000 to the trust over four years through the issuance of additional, marketable, common stock or by a substantially level payment loan which shall be used solely to purchase such stock. States that the issuance of such stock shall not be regarded as nonfederally guaranteed financing. Limits the authority of the Board to guarantee loans to $1,250,000,000 in the aggregate principal amount outstanding at any time. Stipulates that repayments shall reduce such amount except for repayments on any loan repaid within one year. Limits the amount of guarantees which may be extended to Chrysler in each of its fiscal years 1980 through 1983. Reduces such amounts still further if specified levels of nonfederally guaranteed assistance is not obtained in such years. Requires that all guaranteed loans be payable in full no later than December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Board's consent. Requires each commitment to contain appropriate protective provisions. Directs the Board to require security for loans guaranteed under this Act, subordination of existing and future creditors, and that Chrysler pay no dividends on its common or preferred stock. Authorizes the Board to inspect the records of Chrysler or any other borrower if a request for a loan guarantee is pending or outstanding. Empowers the General Accounting Office to conduct audits of Chrysler and other borrowers deemed appropriate by the Comptroller General. Directs the Office to report the results of such audits to the Congress. Directs the Board to enforce the rights of the United States as a guarantor under this Act. Authorizes the Board to cease the issuance of guarantees and to accelerate the repayment of existing guaranteed loans if it determines that Chrysler's sale of any asset worth over $5,000,000 or its commitment to a contract valued at $10,000,000 or more impairs Chrysler's ability to repay the guaranteed loans on schedule or to continue as a going concern. Entitles the Board to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Board to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district court or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Board from guaranteeing any tax-exempt security either directly, or indirectly, if the guarantee provides significant collateral for other tax-exempt obligations. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Directs the Secretary of Transportation, after consultation with the Secretary of Energy, to prepare and submit to the Congress: (1) an assessment of Chrysler's long-term viability in the automobile industry taking into account energy trends, market characteristics, technological changes, and the ability of the industry as a whole to respond to the needs of the 1980's; and (2) an annual assessment of the industry's performance in the economy. Directs the Board to utilize such study and annual assessments in evaluating Chrysler's operating and financial plans. Permits the Board to use any Federal Reserve bank as its fiscal agent provided the bank is reimbursed for any expenses or losses incurred acting in such capacity. Directs the Board to submit semiannual reports on its activities to the Congress in fiscal years 1980 and 1981. Requires annual reports so long as any guaranteed loans are outstanding. Prohibits the Federal Financing Bank from acquiring guaranteed loans under this Act. Authorizes appropriations to implement this Act beginning in fiscal year 1979 to remain available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts. Terminates the authority of the Board to enter commitments or to issue guarantees on December 31, 1983.
Bill· HRH.R. 6061 (96th)referred
United States · United States Congress · 6 December 1979
Extends for two years the authority to employ certain foreign citizens on the vessel "Arctic Trawler" (formerly the "Seafreeze Atlantic").
Bill· SS. 2046 (96th)referred
United States · United States Congress · 27 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Establishes a Chrysler Review Board composed of the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Labor, one member of the Board of Governors of the Federal Reserve System, and three individuals with business experience in the automobile industry appointed by the President. Designates the Secretary of the Treasury as Chairperson of the Board. Authorizes the Board to enter commitments to guarantee loans made to Chrysler, its affiliates, or other entities borrowing funds for the use of Chrysler. Requires the Board, before issuing a commitment, to determine that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,650,000,000 in funds not guaranteed by the Federal Government, obtained through commitments and concessions contributed by persons with an existing economic stake in Chrysler and capital and cash acquired by merger, the sale of securities (including $50,000,000 to its employees), and otherwise after October 17, 1979; (4) Chrysler's existing creditors will continue to waive their rights under prior credit commitments in default unless the Board determines that the exercise of such rights will not adversely affect the operating and financial plans; and (5) all financing obtained will contribute to Chrysler's domestic economic viability. Stipulates that the Board may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Board determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Board; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Board under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Board to determine the form of all guarantees issued under this Act. Directs the Board to collect, at least once a year, a guarantee fee of at least one percent per annum on the outstanding guaranteed loan principal computed daily. Requires the Board to ensure that the Government is compensated for the risk it assumes in issuing guarantees through the collection of additional guarantee fees, contracts which allow the Government to share in Chrysler's profits, or other methods deemed appropriate by the Board. Prohibits the issuance of any loan guarantee if Chrysler enters into a collective bargaining agreement with its union employees before September 13, 1982, which increases wages and benefits beyond the levels in effect on September 13, 1979, excluding specified increases in contributions to medical and pension plans. Prohibits increases which would accrue as a result of a cost-of-living allowance, an annual improvement factor, or an incentive job classification. Prohibits the payment of any wage or benefit increase on a deferred basis. Prohibits the aggregate wages and benefits of Chrysler's non-union employees for any fiscal year beginning before December 31, 1982, from exceeding the total annual cost of such wages and benefits for the fiscal year ending December 31, 1979. States that such limitations on wages and benefits shall not apply to increases required by law. Stipulates that a job reclassification or promotion effected to evade the provisions of this Act shall be considered an indirect form of compensation. Prohibits the amount of outstanding guarantees of principal from ever exceeding $1,000,000,000. Sets forth limitations on the authority to issue guarantees based on the amount of nonfederally guaranteed financing obtained by Chrysler. Requires that all guaranteed loans be payable in full no later than December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Board's consent. Requires each commitment to contain appropriate protective provisions. Directs the Board to require security for loans under this Act, subordination of existing and future creditors, and that Chrysler pay no dividends on its common or preferred stock. Authorizes the Board to inspect the records of Chrysler or any other borrower if a request for a loan guarantee is pending or outstanding. Empowers the General Accounting Office to conduct audits of Chrysler and other borrowers deemed appropriate by the Comptroller General. Directs the Office to report the results of such audits to the Congress and the Board. Directs the Board to enforce the rights of the United States as a guarantor under this Act. Entitles the Board to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Board to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district court or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Board from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Permits the Board to use any Federal Reserve bank as its fiscal agent provided the bank is reimbursed for any expenses or losses incurred acting in such capacity.
Bill· SS. 2044 (96th)referred
United States · United States Congress · 26 November 1979
Capital Incentive Rate Act of 1979 - Amends the Interstate Commerce Commission Act to eliminate incentive ratemaking. Permits any rate classification, rule, or practice effective before June 30, 1980, to provide an incentive for capital investment in rail carriers to remain in effect for up to five years under specified conditions.
Bill· SS. 2035 (96th)referred
United States · United States Congress · 20 November 1979
Amends the Motor Vehicle Information and Cost Savings Act to permit the inclusion of a manufacturer's imported automobiles with its domestically-produced automobiles for model years 1980 through 1986 for purposes of determining such manufacturer's compliance with the average fuel economy standards required under this Act, where the average fuel economy standard is dependent upon reasonably selected technology which is not within the ability of such manufacturer to develop.
Bill· HRH.R. 5944 (96th)referred
United States · United States Congress · 20 November 1979
Amends the Motor Vehicle Information and Cost Savings Act to permit the inclusion of a manufacturer's imported automobiles for model years 1980 through 1986 for purposes of determining such manufacturer's compliance with the average fuel economy standards required under this Act where the average fuel economy standard is dependent upon reasonably selected technology which is not within the ability of such manufacturer to develop.
Bill· SS. 2015 (96th)referred
United States · United States Congress · 15 November 1979
Transportation Energy Efficiency Act of 1979 - Title I: Energy Efficient Public Transportation - Amends the Urban Mass Transportation Act of 1964 to authorize appropriations for fiscal years 1981 through 1989 from the Energy Security Trust Fund to finance grants, loans, and/or contracts for: (1) Federal financial assistance to State and local agencies for the construction or improvement of mass transportation systems; (2) public transportation projects substituted for segments of Interstate highway; (3) buses and bus facilities; and (4) projects for the deployment of innovative techniques and methods in the management and operation of public transportation services. Limits the amount of such funds which may be appropriated for allocation by the President. Title II: Improved Automobile Use - Permits the Secretary of Transportation to increase the Federal share of interstate highway costs to at least 90 percent for energy conservation projects. Authorizes the Secretary to make grants to governments and private organizations of 90 percent of the costs of energy conservation projects and for the purpose of planning, implementing, or evaluating innovative transportation strategies for more efficient use of automobiles and alternatives to low occupancy automobiles. Permits the inclusion in highway safety programs of programs for increased automotive fuel efficiency, including improved driver practices and vehicle operation and maintenance with funding provided from the Energy Security Trust Fund. Authorizes appropriations from such Fund for fiscal years 1980 through 1989 for carrying out the national maximum speed limit, energy conservation projects, and highway safety programs. Limits the percentage of funds to be used for public information programs directed to improve automobile usage and administrative costs. Authorizes appropriations out of the Highway trust fund for liquidation of obligations incurred for highway projects approved on or after the Transportation Energy Efficiency Act. Reduces the apportionments to States where a segment of the Interstate System is withdrawn for a substituted public mass transit project and makes a revised estimate of the Federal share of the costs of such segment available for highway substitution projects. Title III: Basic Automotive Research Program - Authorizes appropriations through fiscal year 1989 from the Energy Security Trust Fund to carry out cooperative basic automotive research to advance the state of knowledge underlying automotive technology. Title IV: Fuel Economy Technology Assessment - Authorizes appropriations for fiscal years 1980 through 1989 to assist in carrying out automobile fuel economy assessment under the Motor Vehicle Information and Cost Savings Act.
Bill· SS. 2010 (96th)referred
United States · United States Congress · 15 November 1979
Automotive Fuel Economy Amendments of 1979 - Amends the Motor Vehicle Information and Cost Savings Act to exempt manufacturers of fewer than 10,000 passenger automobiles in any model year from the average fuel economy standards for such year. Exempts from such standards manufacturers whose domestically manufactured production commenced after a specified date. States that the failure of any manufacturer to comply with any average fuel economy standard shall not be deemed unlawful conduct if the manufacturer has sufficient credits or time in which to gain such credits to offset the amount of any penalty which would otherwise be assessed. Permits credits earned for exceeding the required fuel economy levels for any given model year to be used to offset any penalties such manufacturer may have incurred for the three consecutive model years prior to such year or any penalties such manufacturer may incur in the succeeding three consecutive model years.
Law· HRH.R. 5913 (96th)open
United States · United States Congress · 15 November 1979
Amends the Merchant Marine Act, 1936, to extend the construction-differential subsidy for the construction of new vessels to be used in the foreign commerce of the United States.
Bill· HRH.R. 5910 (96th)referred
United States · United States Congress · 15 November 1979
Motor Carrier Energy Conservation and Regulatory Reform Act of 1979 - Directs the Interstate Commerce Commission, in motor common carrier application proceedings, to: (1) require certificates to specify the transportation to be provided by the carrier; (2) consider the removal of restrictions on the list of commodities to be carried and the routes to be used; and (3) require protesting carriers to prove their own ability to handle the traffic in question. Permits intercorporate hauling to be conducted without a certificate or permit issued by the Commission when the Commission is notified of such operations and such notice contains a list of participating subsidiary companies. Requires vehicles used in such hauling to carry a Commission-receipted and returned copy of such notice. Directs the Commission, when considering applications for the approval of ratemaking agreements, to permit specified discussion and voting by representatives of motor carriers and/or shippers on matters pertaining to traffic or existing or proposed provisions. Directs the Commission to promulgate and maintain standards and procedures for the establishment of rate levels adequate to insure a fair and reasonable return with efficient management. Consolidates Commission action and appellate procedures for rail and motor carrier proceedings. Sets forth the procedures to be followed. Requires all actions against a carrier for loss and damage claims to be brought initially before the Commission. Makes the Commission's decision binding unless revised on judicial review. Permits carriers authorized to engage in one-way operations for specified commodities on a specified route to engage in operations in the reverse direction (backhauling) of the same or other commodities. Prohibits the Commission from regulating any lease, contract or other arrangement for the use of any motor vehicle for specified purposes including use by a farmer or cooperative association, for triplease, or movement in the general direction of the area where such vehicle is based. Requires certificates of motor and water common carriers to specify the service to be rendered and the territory within which such carrier is authorized to operate. Sets forth the terms, limitations, and conditions with respect to such authority. Permits the elimination of specified route and fixed termini restrictions.
Bill· HRH.R. 5882 (96th)referred
United States · United States Congress · 14 November 1979
Amends the Federal Aviation Act of 1958 to limit the authority of the Civil Aeronautics Board to find any rate for foreign air transportation of property unjust or unreasonable on the basis that such fare is too low or too high. Defines the term "standard foreign rate level" for the purposes of such provisions. Directs the Board to adjust at least semiannually such level to reflect the percentage of change in the actual operating cost per ton-mile. Permits the Board to increase specified percentages with respect to any proposed decrease in the standard foreign rate level.
Bill· SS. 2004 (96th)open
United States · United States Congress · 13 November 1979
Emergency Public Transportation Energy Conservation Act of 1979 - Amends the Urban Mass Transportation Act of 1964 to authorize additional appropriations from tax receipts earmarked for energy efficient transportation for fiscal year 1980 to be used in providing Federal financial assistance to State and local agencies for the construction or improvement of mass transportation service.
Bill· HRH.R. 5867 (96th)passed
United States · United States Congress · 13 November 1979
Authorizes the Secretary of Commerce to charter the nuclear ship Savannah to the Patriots Point Development Authority, an agency of the State of South Carolina, for a specified period as a museum ship. Makes the Secretary of Commerce responsible for inspection and maintenance of the hull below the waterline. Makes the Development Authority responsible for all maintenance. Sets forth other conditions to be included in the charter. Directs the Secretary of Commerce, acting for the United States Government as owner of the vessel, and the Development Authority to apply to the Nuclear Regulatory Commission for a license to possess the nuclear utilization facility. Stipulates that the sole liability of the Secretary shall be the financial responsibility for the disposal of the reactor and other nuclear systems and radioactive contaminated components in the vessel. Makes the Authority responsible for the monitoring and security of the reactor and all nuclear systems and radioactive components in the vessel and for filing all reports that may be required. Authorizes the use of specified appropriated funds for preservation work on such ship. Authorizes appropriations as necessary to tow the Savannah to a site at Patriots Point at Mount Pleasant, South Carolina, for hull inspection and maintenance purposes.
Law· HRH.R. 5871 (96th)open
United States · United States Congress · 13 November 1979
Directs the Secretary of Transportation to apportion for fiscal years 1981 and 1982 fiscal years the sums authorized to be appropriated for expenditure on the National System of Interstate and Defense Highways using specified factors. Limits the authority of the Secretary to withdraw approval of any route or portion thereof on the Interstate System to withdrawals made before September 30, 1979. Makes available to the Secretary for projects in substitution a sum equal to the Federal share of the cost to complete a route withdrawn between June 20, 1979 and June 30, 1979. Makes available to the Secretary for projects substituted for such withdrawn route a sum equal to the Federal share of the cost to complete a route withdrawn between June 20, 1979 and June 30, 1979.
Bill· HRH.R. 5870 (96th)failed
United States · United States Congress · 13 November 1979
Entitles an air traffic controller, who is to be removed by the Secretary of Transportation after being judged as unfit for duty, to training, provided such controller: (1) is not a supervisor; (2) has completed at least eight years of service; (3) is not eligible for immediate retirement; (4) notifies the appropriate review board of any intention to apply for training; (5) submits an application which sets forth a proposed training program and includes a physician's certification that such employee is suited for training; (6) notifies the Secretary of an intention to participate in an approved training program; and (7) is to be removed from duty because of medical disqualification, inability to maintain technical proficiency, or physical or mental health requirements. Directs the Secretary to: (1) designate Department of Transportation employees as regional career counselors who shall assist controllers in developing training programs; and (2) establish regional review boards to consider applications for training and evaluate training programs to determine whether such programs will result in successful training and job placement. Prohibits such a board from approving any program the duration of which exceeds two years. Requires that a controller, on request, receive assistance in being placed in a vacant position in another agency upon completion of training. Requires the Secretary to reimburse a controller for the expenses of approved training.
Bill· HRH.R. 5878 (96th)referred
United States · United States Congress · 13 November 1979
Chrysler Industrial Loan Guarantee Act - Authorizes the Secretary of the Treasury to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a guaranteed loan is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions; (2) Chrysler is unable to obtain credit upon reasonable terms without such a guarantee; (3) Chrysler's prospective earning power, together with any security it pledges, furnishes reasonable assurance that the loan will be repaid; (4) the lender certify that it would not make a loan without such guarantee; (5) such loan must be payable in not more than five years; and (6) the loan bears interest at a rate the Secretary establishes, taking into account the reduced risk afforded by the guarantee and interest rates on comparable loans. Requires Chrysler to add six members to its board of directors representing labor, consumer, and environmental groups. Requires Chrysler to submit a development plan to the Congress and the Secretary containing employee training objectives, plans for retooling the Hamtramck, Michigan Dodge facility, future plant locations and closings, and objectives for minority business participation in Chrysler's operations. Predicates Chrysler's eligibility for loan guarantees on its establishment of an employee stock ownership plan (ESOP) which: (1) satisfies the requirements of the Internal Revenue Code of 1954; (2) acquires Chrysler equity securities, bonds, debentures, notes or other instruments evidencing an indebtedness with the proceeds of a loan guaranteed under this Act; (3) is administered by a committee representing Chrysler, its employees participating in the ESOP, the trustee of the ESOP, and the Secretary; (4) will acquire noncallable preferred Chrysler stock convertible to common by direction of the ESOP committee at its fair market value as of October 17, 1979, in an aggregate amount equal to 25 percent of the Federal loan guarantee; (5) contains an agreement by Chrysler to make annual contributions sufficient to permit the ESOP to amortize the loan made by Chrysler to the ESOP; (6) grants all participants a nonforfeitable interest in their accounts; and (7) requires an annual allocation of all securities the ESOP acquires to the accounts of each participant in substantially equal amounts. Directs the Secretary to make every effort to assure that guaranteed loans to Chrysler are secured by sufficient property to fully collateralize the amount of the loan guarantee. Prohibits Chrysler, while any guaranteed loan remains unpaid, from declaring any dividend on its common stock or from making payments on any other indebtedness. Permits the Secretary to waive such prohibitions if such action is consistent with the interests of the United States. Directs the Secretary to require Chrysler to make management changes the Secretary deems necessary to give Chrysler a sound managerial base. Prohibits the Secretary from guaranteeing any loan until it has received Chrysler's audited financial statement and has been afforded access to Chrysler's records. Requires a lender to exhaust all of its remedies under a guarantee agreement before any payment under the guarantee of the United States becomes due. Directs the Secretary to assure that any loan agreement guaranteed under this Act contains the usual provisions to protect the guarantor including strictures against waiver or amendment without the consent of the Secretary. States that the guarantee of the United States shall be in force with respect to advances under a loan agreement only if: (1) the Secretary receives ten days notice in writing of the advance; (2) the lender certifies that Chrysler is not in default, except that in cases where the lender reports the circumstances of a default the Secretary may guarantee in advance if it is consistent with the interests of the United States; and (3) Chrysler provides the Secretary with a plan concerning the expenditures which will be made with the advance. Requires Chrysler to report all instances in which advances were not expended in accordance with such plan. Requires that all guarantee agreements give the Secretary priority interest over the lender in any collateral securing the loan and any outstanding earlier loans. States that any sums that Chrysler has on deposit with the lender which are subject to offset under the bankruptcy laws shall be considered collateral in which the Secretary has priority over the lender. Authorizes the Secretary to inspect and copy Chrysler's records. Directs the General Accounting Office to conduct an audit of Chrysler at least once a year if an application for a guarantee has been made or if a guarantee is outstanding. Requires the Office to report the results of such audits to the Secretary and the Congress. Empowers the Secretary to disapprove any disposition of Chrysler's assets which may impair its ability to repay guaranteed loans. Authorizes the Secretary to guarantee a maximum of $1,500,000,000 in loans. Establishes an emergency loan guarantee fund in the Treasury to cover the expenses and obligations of the Secretary. Permits the Secretary to use any Federal Reserve bank as his fiscal agent provided the bank is reimbursed for any expenses or losses incurred acting in such capacity. Directs the Attorney General to enforce the rights of the United States as a guarantor under this Act. Requires all sums recovered by the Attorney General to be deposited in the emergency loan guarantee fund. Entitles the Secretary to recovery of any payments made by Chrysler or any other liable person pursuant to a guarantee agreement. Directs the Secretary to submit an annual reports to the Congress on the loan guarantee program including a recommendation on continuing the program beyond its termination date. Terminates the authority of the Secretary to enter guarantee commitments or to make loan guarantees within three years of the enactment of this Act.
Law· HRH.R. 5860 (96th)open
United States · United States Congress · 9 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Authorizes the Secretary of the Treasury to enter commitments to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; and (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,500,000,000 in funds that are not guaranteed by the Federal Government. Requires a portion of such non-Federal funds to be in the form of commitments and concessions contributed after October 17, 1979, by financial institutions, Chrysler's creditors, shareholders, employees, and management, State and local governments, labor unions, and other entities with an economic stake in Chrysler. Prohibits the amount of outstanding guarantees actually issued by the Secretary from ever proportionately exceeding the amount of such non-Federal funding obtained and not repaid. Permits Chrysler to obtain capital and cash in order to meet the required level of non-Federal funding through a merger, the sale of securities, assets, or other transactions consummated after October 17, 1979. Requires the Secretary, before entering any commitments to guarantee loans, to receive assurances: (1) as to availability and adequacy of all financing contemplated by the financing plan;(2) that existing creditors will continue to waive their rights under prior credit commitments in default unless the Secretary determines that exercise of such rights will not adversely affect Chrysler's operating or financial plan; and (3) that expenditures under the financing plan will contribute to Chrysler's domestic economic viability. Requires Chrysler, before any loan guarantees may be issued, to: (1) offer for sale at least $100,000,000 of its stock issued or held as Treasury stock after October 17, 1979; and (2) secure commitments to purchase stock exceeding those outstanding on October 17, 1979, by at least $100,000,000 from persons with an existing economic stake in Chrysler. Permits Chrysler to apply such commitments and concessions to meet the required level of non-federally guaranteed financing. Stipulates that the Secretary may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Secretary determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Secretary not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Secretary under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Secretary to determine the form of all guarantees issued under this Act. Directs the Secretary to collect, at least once a year, a guarantee fee of at least one-half percent per annum on the outstanding guaranteed loan principal computed daily. Authorizes the Secretary to negotiate appropriate additional terms to compensate the United States for the risk it assumes in issuing loan guarantees. Requires that all guaranteed loans mature no later then December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Secretary's consent. Requires each commitment to contain appropriate protective provisions. Directs the Secretary to require security for the loans guaranteed under this Act, subordination of existing creditors, and that Chrysler pay no dividends on any common or preferred stock. Permits the Secretary to waive such requirements if necessary to enable Chrysler to obtain financing and if, despite such waiver, there is a reasonable prospect of repayment. Directs the Secretary to require a change in Chrysler's management if the Secretary determines that the inability of Chrysler to obtain credit without guarantees is a result of the failure of management to exercise reasonable business prudence. Authorizes the Secretary to inspect the records of Chrysler or any of its affiliates for which an application for a loan guarantee has been submitted. Authorizes the General Accounting Office to conduct a detailed audit of Chrysler and its affiliates. Directs the Office to report the results of such audit to the Secretary and the Congress. Prohibits the outstanding principal amount of loans guaranteed by the Secretary from exceeding $1,500,000,000 at any one time. Directs the Secretary to enforce the rights of the United States as a guarantor under this Act. Entitles the Secretary to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Secretary to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district courts or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Secretary from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Authorizes the Secretary to waive the priority of the United States if necessary to facilitate financing contemplated by the financing plan provided the Secretary determines that, despite such waiver, there is a reasonable prospect of repayment. Stipulates that such a waiver may not subordinate the claims of the United States to any other creditor. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Directs the Secretary to submit an annual report to the Congress on activities conducted pursuant to this Act. Authorizes the appropriation of funds necessary to carry out the provisions of this Act beginning in fiscal year 1979 and remaining available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts.
Bill· HRH.R. 5805 (96th)referred
United States · United States Congress · 5 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Authorizes the Secretary of the Treasury to enter into commitments to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; and (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,500,000,000 in funds not guaranteed by the Federal Government. Requires a portion of such non-Federal funds to be in the form of commitments and concessions contributed after October 17, 1979, by financial institutions, Chrysler's creditors, shareholders, employees, and management, State and local governments, labor unions, and other entities with an economic stake in Chrysler. Prohibits the amount of outstanding guarantees actually issued by the Secretary from ever proportionately exceeding the amount of such non-federal funding obtained and not repaid. Permits Chrysler to obtain capital and cash in order to meet the required level of non-federal funding through a merger, the sale of securities, assets, or other transactions consummated after October 17, 1979. Requires the Secretary to receive assurances as to the availability and adequacy of all financing contemplated by the financing plan before entering any commitments to guarantee loans. Stipulates that the Secretary may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Secretary determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Secretary not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Secretary under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Secretary to determine the form of all guarantees issued under this Act. Directs the Secretary to collect, at least once a year, a guarantee fee of at least one-half percent per annum on the outstanding guaranteed loan principal computed daily. Authorizes the Secretary to negotiate appropriate additional terms to compensate the United States for the risk it assumes in issuing loan guarantees. Requires that all guaranteed loans mature no later than December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Secretary's consent. Requires each commitment to contain appropriate protective provisions. Directs the Secretary to require security for the loans guaranteed under this Act, subordination of existing creditors, and that Chrysler pay no dividends on any common or preferred stock. Permits the Secretary to waive such requirements if necessary to enable Chrysler to obtain financing and if, despite such waiver, there is a reasonable prospect of repayment. Directs the Secretary to require a change in Chrysler's management if the Secretary determines that the inability of Chrysler to obtain credit without guarantees is a result of the failure of management to exercise reasonable business prudence. Authorizes the Secretary to inspect the records of Chrysler or any of its affiliates for which an application for a loan guarantee has been submitted. Authorizes the General Accounting Office to conduct a detailed audit of Chrysler and its affiliates. Directs the Office to report the results of such audit to the Secretary and the Congress. Prohibits the outstanding principal amount of loans guaranteed by the Secretary from exceeding $1,500,000,000 at any one time. Directs the Secretary to enforce the rights of the United States as a guarantor under this Act. Entitles the Secretary to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Secretary to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district courts or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Secretary from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Authorizes the Secretary to waive the priority of the United States if necessary to facilitate financing contemplated by the financing plan provided the Secretary determines that, despite such waiver, there is a reasonable prospect of repayment. Stipulates that such a waiver may not subordinate the claims of the United States to any other creditor. Renders any provision of this Act severable from the other provisions if held invalid by a court of competent jurisdiction. Directs the Secretary to submit an annual report to the Congress on activities conducted pursuant to this Act. Authorizes the appropriation of funds necessary to carry out the provisions of this Act beginning in fiscal year 1979 and remaining available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts.
Bill· HRH.R. 5800 (96th)referred
United States · United States Congress · 2 November 1979
Authorizes the President, on behalf of the Congress, to present a gold medal of appropriate design to Bryan Lewis Allen, the first aviator to cross the English Channel in a self-powered plane. Authorizes appropriations of up to $15,000 to strike such medal. Authorizes the Secretary of the Treasury to strike bronze duplicates of such medal for sale to the public.
Bill· SS. 1965 (96th)referred
United States · United States Congress · 1 November 1979
Chrysler Corporation Loan Guarantee Act of 1979 - Authorizes the Secretary of the Treasury to enter into commitments to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; and (3) Chrysler has submitted a satisfactory financial plan which includes at least $1,500,000,000 in funds that are not guaranteed by the Federal Government. Requires a portion of such nonfederal funds to be in the form of commitments and concessions contributed after October 17, 1979, by financial institutions, Chrysler's creditors, shareholders, and employees, and management, State and local governments, labor unions, and other entities with an economic stake in Chrysler. Prohibits the amount of outstanding guarantees actually issued by the Secretary from ever proportionately exceeding the amount of such nonfederal funding obtained and not repaid. Permits Chrysler to obtain capital and cash in order to meet the required level of nonfederal funding through a merger, the sale of securities, assets, or other transactions consummated after October 17, 1979. Requires the Secretary to receive assurances as to the availability and adequacy of all financing contemplated by the financing plan before entering any commitments to guarantee loans. Stipulates that the Secretary may issue guarantees only pursuant to commitments. Requires such commitments to provide that guarantees will only be issued if the Secretary determines that: (1) Chrysler would otherwise be unable to obtain credit upon reasonable terms sufficient to meet the needs of its operating plan; (2) there is a reasonable prospect of repayment; (3) the loan bears interest at a reasonable rate determined by the Secretary not less than the current average yield on Treasury securities of comparable maturity; (4) Chrysler continues to comply with an operating and financial plan or a revision which is feasible and satisfactory to the Secretary; (5) Chrysler has agreed to deliver rolling four-year operating and financial plans to the Secretary and an annual analysis of deviations in performance from the targets set forth in such plans; and (6) Chrysler has complied with the requirements set forth in the terms of any commitment. Renders any determination made by the Secretary under this Act conclusive upon the issuance of a loan guarantee. States that the validity of any guarantee shall be incontestable except for fraud or material misrepresentation on the part of the holder thereof. Authorizes the Secretary to determine the form of all guarantees issued under this Act. Directs the Secretary to collect, at least once a year, a guarantee fee of at least one-half percent per annum on the outstanding guaranteed loan principal computed daily. Authorizes the Secretary to negotiate appropriate additional terms to compensate the United States for the risk it assumes in issuing loan guarantees. Requires that all guaranteed loans mature no later then December 31, 1990. Prohibits waiver or amendment of the terms of any guaranteed loan without the Secretary's consent. Requires each commitment to contain appropriate protective provisions. Directs the Secretary to require security for the loans guaranteed under this Act, subordination of existing creditors, and that Chrysler pay no dividends on any common or preferred stock. Permits the Secretary to waive such requirements if necessary to enable Chrysler to obtain financing and if, despite such waiver, there is a reasonable prospect of repayment. Directs the Secretary to require a change in Chrysler's management if the Secretary determines that the inability of Chrysler to obtain credit without guarantees is a result of the failure of management to exercise reasonable business prudence. Authorizes the Secretary to inspect the records of Chrysler or any of its affiliates for which an application for a loan guarantee has been submitted. Authorizes the General Accounting Office to conduct a detailed audit of Chrysler and its affiliates. Directs the Office to report the results of such audit to the Secretary and the Congress. Prohibits the outstanding principal amount of loans guaranteed by the Secretary from exceeding $1,500,000,000 at any one time. Directs the Secretary to enforce the rights of the United States as a guarantor under this Act. Entitles the Secretary to recover any payments made pursuant to a guarantee from Chrysler, its affiliates, or any other liable person. Empowers the Secretary to utilize all available remedies in enforcing the rights of the United States and to bring actions in the United States district courts or any other appropriate court to enforce compliance with this Act or the terms of any agreement. Grants jurisdiction to such courts to hear such actions and to fashion appropriate remedies. Prohibits the Secretary from guaranteeing any tax-exempt security either directly or indirectly if the guarantee provides significant collateral for other tax-exempt obligations. Authorizes the Secretary to waive the priority of the United States if necessary to facilitate financing contemplated by the financing plan provided the Secretary determines that, despite such waiver, there is a reasonable prospect of repayment. Stipulates that such a waiver may not subordinate the claims of the United States to any other creditor. Directs the Secretary to submit a annual report to the Congress on activities conducted pursuant to this Act. Authorizes the appropriation of funds necessary to carry out the provisions of this Act beginning in fiscal year 1979 and remaining available without fiscal year limitation. Limits the authority of the Secretary to make guarantees to the extent provided in advance by appropriation Acts.
Bill· HRH.R. 5784 (96th)passed
United States · United States Congress · 1 November 1979
Amends the Merchant Marine Act of 1936, to extend the authority of the Secretary of Commerce to provide war risk insurance for American vessels.
Bill· HRH.R. 5770 (96th)referred
United States · United States Congress · 1 November 1979
Chrysler Industrial Loan Guarantee Act - Authorizes the Secretary of the Treasury to guarantee loans made to Chrysler Corporation if the Secretary determines that: (1) such a guaranteed loan is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions; (2) Chrysler is unable to obtain credit upon reasonable terms without such a guarantee; (3) Chrysler's prospective earning power, together with any security it pledges, furnishes reasonable assurance that the loan will be repaid; (4) the lender must certify that it would not make more than five years; and (5) the loan must bear interest at a rate determined by the Secretary taking into account the reduced risk afforded by the guarantee and interest rates on comparable loans. Requires Chrysler to add six members to its board of directors representing labor, consumer, and environmental groups. Requires Chrysler to submit a development plan to the Congress and the Secretary containing training objectives, future plant locations and closings, retooling objectives, and suggestions with respect to Federal regulations which should be waived to assist Chrysler. Predicates Chrysler's eligibility for loan guarantees on its establishment of an employee stock ownership plan (ESOP) which: (1) satisfies the requirements of the Internal Revenue Code of 1954; (2) acquires Chrysler equity securities, bonds, debentures, notes or other instruments evidencing an indebtedness with the proceeds of a loan guaranteed under this Act; (3) is administered by a committee representing Chrysler, its employees participating in the ESOP, the trustee of the ESOP, and the Secretary; (4) will acquire noncallable preferred Chrysler stock convertible to common by direction of the ESOP committee at its fair market value as of October 17, 1979, in an aggregate amount equal to 25 percent of the Federal loan guarantee; (5) contains an agreement by Chrysler to make annual contributions sufficient to permit the ESOP to amortize the loan made by Chrysler to the ESOP; (6) grants all participants a nonforfeitable interest in their accounts; and (7) requires an annual allocation of all securities the ESOP acquires to the accounts of each participant in substantially equal amounts. Directs the Secretary to make every effort to assure that guaranteed loans to Chrysler are secured by sufficient property to fully collateralize the amount of the loan guarantee. Prohibits Chrysler, while any guaranteed loan remains unpaid, from declaring any dividend on its common stock or from making payments on any other indebtedness. Permits the Secretary to waive such prohibitions if such action is consistent with the interests of the United States. Directs the Secretary to require Chrysler to make management changes the Secretary deems necessary to give Chrysler a sound managerial base. Prohibits the Secretary from guaranteeing any loan until it has received Chrysler's audited financial statement and has been afforded access to Chrysler's records. Requires a lender to exhaust all of its remedies under a guarantee agreement before any payment under the guarantee of the United States becomes due. Directs the Secretary to assure that any loan agreement guaranteed under this Act contains the usual provisions to protect the guarantor including strictures against waiver or amendment without the consent of the Secretary. States that the guarantee of the United States shall be in force with respect to advances under a loan agreement only if: (1) the Secretary receives ten days notice in writing of the advance; (2) the lender certifies that Chrysler is not in default, except that in cases where the lender reports the circumstances of a default the Secretary may guarantee in advance if it is consistent with the interests of the United States; and (3) Chrysler provides the Secretary with a plan concerning the expenditures which will be made with the advance. Requires Chrysler to report all instances in which advances were not expended in accordance with such plan. Requires that all guarantee agreements give the Secretary priority interest over the lender in any collateral securing the loan and any outstanding earlier loans. States that any sums that Chrysler has on deposit with the lender which are subject to offset under the bankruptcy laws shall be considered collateral in which the Secretary has priority over the lender. Authorizes the Secretary to inspect and copy Chrysler's records. Directs the General Accounting Office to conduct an audit of Chrysler at least once a year if an application for a guarantee has been made or if a guarantee is outstanding. Requires the Office to report the results of such audits to the Secretary and the Congress. Empowers the Secretary to disapprove any disposition of Chrysler's assets which may impair its ability to repay guaranteed loans. Authorizes the Secretary to initially guarantee $600,000,000 in loans. Predicates further guarantees on the Secretary's determination that Chrysler's development plan assures its future financial viability. Reserves the power of the Congress to disapprove any guarantee within 30 days of continuous session of the Secretary's notice to the Banking Committees of the House and Senate of the making of a guarantee. Establishes an emergency loan guarantee fund in the Treasury to cover the expenses and obligations of the Secretary. Requires that all guarantee fees be deposited in such fund. Permits the Secretary to use any Federal Reserve bank as his fiscal agent provided the bank is reimbursed for any expenses or losses incurred while acting in such capacity. Directs the Attorney General to enforce the rights of the United States as a guarantor under this Act. Requires all sums recovered by the Attorney General to be deposited in the emergency loan guarantee fund. Entitles the Secretary to recovery of any payments made by Chrysler or any other liable person pursuant to a guarantee agreement. Directs the Secretary to submit an annual reports to the Congress on the loan guarantee program, including a recommendation on continuing the program beyond its termination date. Terminates the authority of the Secretary to enter guarantee commitments or to make loan guarantees within two years of the enactment of this Act.
Bill· HRH.R. 5762 (96th)referred
United States · United States Congress · 31 October 1979
Motor Carrier Energy Conservation and Regulatory Reform Act of 1979 - Directs the Interstate Commerce Commission, in motor common carrier application proceedings, to: (1) require certificates to specify the transportation to be provided by the carrier; (2) consider the removal of restrictions on the list of commodities to be carried and the routes to be used; and (3) require protesting carriers to prove their own ability to handle the traffic in question. Permits intercorporate hauling to be conducted without a certificate or permit issued by the Commission when the Commission is notified of such operations and such notice contains a list of participating subsidiary companies. Requires vehicles used in such hauling to carry a Commission-receipted and returned copy of such notice. Directs the Commission, when considering applications for the approval of ratemaking agreements, to permit specified discussion and voting by representatives of motor carriers and/or shippers on matters pertaining to traffic or existing or proposed provisions. Directs the Commission to promulgate and maintain standards and procedures for the establishment of rate levels adequate to insure a fair and reasonable return with efficient management. Consolidates Commission action and appellate procedures for rail and motor carrier proceedings. Sets forth the procedures to be followed. Requires all actions against a carrier for loss and damage claims to be brought initially before the Commission. Makes the Commission's decision binding unless revised on judicial review. Permits carriers authorized to engage in one-way operations for specified commodities on a specified route to engage in operations in the reverse direction (backhauling) of the same or other commodities. Prohibits the Commission from regulating any lease, contract or other arrangement for the use of any motor vehicle for specified purposes including use by a farmer or cooperative association, for triplease, or movement in the general direction of the area where such vehicle is based. Requires certificates of motor and water common carriers to specify the service to be rendered and the territory within which such carrier is authorized to operate. Sets forth the terms, limitations, and conditions with respect to such authority. Permits the elimination of specified route and fixed termini restrictions.
Bill· SS. 1959 (96th)referred
United States · United States Congress · 30 October 1979
Motor Vehicle Regulatory Improvement Act of 1979 - Amends the Motor Vehicle Information and Cost Savings Act to: (1) establish average fuel economy standards for model years 1981, 1982, 1983, and 1984; (2) eliminate the authority of the Secretary of Transportation to prescribe or modify such standards; (3) eliminate the authority of the Administrator of the Environmental Protection Administration to prescribe rules for the calculation of average fuel economy; and (4) permit credits earned for exceeding the required fuel economy levels for any given model year to be used to offset any penalties such manufacturer may have incurred for the three consecutive model years prior to such year. Amends the National Traffic and Motor Vehicle Safety Act of 1966 to prohibit the Secretary of Transportation from requiring that any passenger car be equipped with an automatic device or mechanism which enables such car to meet any frontal crash protection requirements prescribed by the Secretary. Amends the Clean Air Act to modify emission standards for carbon monoxide, hydrocarbons and oxides of nitrogen from light-duty vehicles and engines manufactured after model year 1979. Establishes a national primary ambient air quality standard with respect to ozone. Permits the Administrator to submit to Congress for approval by June 30, 1985 a proposed national primary ambient air quality standard to take effect on September 30, 1987.
Law· SS. 1946 (96th)open
United States · United States Congress · 29 October 1979
Railroad Transportation Policy Act of 1979 - Directs the Interstate Commerce Commission, in regulating rail transportation, to consider the following as being in the public interest: (1) the development of an efficient freight transportation system, in the private sector, in which various modes of transportation are subject to impartial regulation; (2) the maximum reliance on competitive market forces on all transportation modes to provide transportation services; (3) the avoidance of undue concentrations of market power; (4) the reduction of regulatory barriers to entry into and exit from the industry; (5) the elimination of noncompensatory rates for rail transportation; and (6) the encouragement and promotion of energy conservation. Title I: Ratemaking - Directs the Commission, at least once a year, to establish an average ratio of revenue-to-variable cost that the rail carrier would be required to realize from all transportation provided by the industry in order to cover total operating expenses including depreciation and obsolescence, plus a reasonable and economic return on capital employed in the business. Authorizes rail carriers to establish any transportation rate which is equal to or less than such ratio. Prohibits the Commission from finding a railroad rate to be unreasonable or unjust on the basis that such rate exceeds a reasonable maximum for the services rendered. Allows rail carriers to increase any rate so long as such rate is equal to or less than an adjusted base rate for such transportation. Defines "base rate" as those rates in effect on January 1, 1980, for the transportation of such a commodity, or if no such commodity rate existed on such date, the rate in effect on such date for the most nearly comparable service. Directs the Commission, at least quarterly, to publish a rail cost adjustment factor to adjust such base rate based on changes in the Index of Railroad Material Prices and Wage Rates. Authorizes rail carriers to further increase such rates by an amount not exceeding four percent per year of such adjusted base rate. Directs the Commission to submit, at least every three years, a report which analyzes the revenue needs of rail carriers and which makes recommendations for modifying such allowable rate increases. Sets forth the allowable general rate increases which a rail carrier may institute for the six years following the effective date of this Act. Directs the Commission, within four years, to submit a report to the Congress on the effect of such general rate increase limitations including the feasibility of eliminating general rate increases. Authorizes one or more rail carriers to enter into contracts with one or more purchasers of rail services to provide specified services under specified rates and conditions. Authorizes the Commission, upon request, to limit the right of a rail carrier to enter into future contracts of such type if it determines that such additional contracts would impair the ability of the rail carrier to provide transportation to other shippers on reasonable request. Directs the Commission to determine annually the percentage of the equipment of each class I rail carrier that may be made available for use in fulfilling such contracts without impairing the carrier's ability to meet its non-contract obligations. Entitles any interested party to request a modification of such a determination upon a showing of changed circumstances or any other good cause. Exempts such contracts from specified regulations. Removes the requirement that the Commission conduct a hearing when prescribing through routes, joint classifications, joint rates, or the division of joint rates. Reduces the time period during which the Commission must take final action regarding such proceedings. Requires that rate bureau meetings be open to the public. Prohibits secret voting at such meetings. Authorizes a rail carrier to participate in discussions related to single-line rates proposed by another rail carrier or rates related to a particular interline movement. Stipulates that such discussions shall be limited to comments upon the proposal and shall exclude any agreement to approve, modify, disapprove or withdraw the proposal, except that in the case of a proposed interline movement, such agreements may be made by a rail carrier that can practicably participate in that movement. Authorizes rail carriers to establish demand-sensitive rates. Directs the Commission to facilitate the establishment of such rates. Authorizes rail carriers to establish transportation rates under which the liability of a carrier for property damage or loss is limited to a value established by written declaration of the shipper or by written agreement between the carrier and the shipper. Sets forth filing requirements with respect to a rail carrier's contract rates and services. Decreases the time period after which a rail rate change shall become effective after filing. Title II: Structure - Directs the Commission, in determining whether to approve a consolidation, merger, or acquisition of control application which does not involve two class I railroads to consider: (1) whether the transaction is likely to result in a substantial lessening of competition, creation of a monopoly, or restraint of trade in freight surface transportation; and (2) whether the anticompetitive effects of the transaction outweigh the public interest in meeting significant transportation needs. Sets forth administrative procedures regarding applications for the approval of such a transaction involving a rail carrier. Sets forth time limits during which the Commission must act on such applications. Stipulates that, with respect to the abandonment or a discontinuance of a rail line of a carrier in bankruptcy, the provisions of the Interstate Commerce Act shall prevail over any conflicting provisions of the bankruptcy laws. Requires rail carriers, in filing a notice of intent to abandon a discontinue rail line, to include in such a notice a statement that the line is available for subsidy or sale together with a statement that the carrier will provide to each interested party an estimate of the subsidy or minimum purchase price required to keep the line in operation. Directs the Commission to approve such an abandonment or discontinuance if no protest is received within 30 days after such an application is filed from shippers or other persons who have made significant use of the railroad involved during the 12-month period preceding the filing of the application, or from States or political subdivisions thereof in which any part of the railroad line is included. Establishes procedures and time limitations which the Commission is to follow in the event that such a protest is filed. Requires the Commission to publish in the Federal Register any decision to permit the abandonment or discontinuance of a rail line. Allows any person or governmental authority to make an offer to pay the rail carrier involved a subsidy or offer to purchase such a line within ten days after such publication. Directs the Commission to postpone the issuance of a certificate authorizing such abandonment or discontinuance if the terms of such financial assistance meet specified criteria. Directs the Commission to continue such postponement so long as a subsidy agreement is in effect or to dismiss the application in the event of the purchase of a line which will provide for continued rail service. Stipulates that such a purchaser may not transfer or discontinue service on such a line for a two year period nor may the purchaser transfer such line for a five-year period (except to the carrier from whom it was purchased). Stipulates that any such subsidy may be discontinued upon 60-days notice. Directs the Commission to authorize the extension of an existing rail carrier's lines or the construction or acquisition of additional lines upon a finding that the public convenience and necessity will permit such an action. Stipulates that where a railroad has been issued a certificate authorizing such an action, no other railroad may block the construction or extension by refusing to permit the carrier to cross its property so long as the construction or operation of the line does not reasonably interfere with the operation of the crossed line and the owner of the crossing line pays compensation for such crossing. Authorizes the Commission to require railroads to enter reciprocal switching agreements where it finds such an agreement to be practicable and in the public interest. Title III: General Provisions - Stipulates that any action undertaken or order issued by the Commission pursuant to its powers to deal with rail service emergencies shall be limited to a 30-day period unless, during such period, the Commission has begun proceedings to resolve the service problems on a more permanent basis. Stipulates that such an order may be extended for a 60-day period if such a proceeding is undertaken. Authorizes the Commission to exempt a person, class of persons, or a transaction from rail transportation regulation if it finds that the application of such a regulation is not necessary to carry out the national transportation policy as set forth in this Act.
Bill· SS. 1937 (96th)referred
United States · United States Congress · 24 October 1979
Chrysler Corporation Emergency Loan Guarantee Act - Establishes an Emergency Loan Guarantee Board composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Commerce. Authorizes the Board to guarantee loans made to Chrysler Corporation and to enter other appropriate contracts to carry out the provisions of this Act. Designates the Secretary of the Treasury as Chairman of the Board. Requires all decisions of the Board to be made by majority vote. Imposes the following contributions on any loan guaranteed by the Board: (1) the loan must be needed to enable Chrysler to continue operations which if curtailed would seriously and adversely affect the economic or employment situation in the United States or any of its regions; (2) Chrysler must be unable to obtain credit upon reasonable terms without such a guarantee; (3) Chrysler's prospective earning power, together with any security it pledges, must furnish reasonable assurance that the loan will be repaid; (4) the lender must certify that it would not make the loan without such a guarantee; (5) the term of the loan must not exceed ten years; and (6) the loan must bear interest at a rate determined by the Board taking into account the reduced risk afforded by the guarantee and interest rates on otherwise comparable loans. Directs the Board to collect a guarantee fee to cover the administrative expenses of the Federal Government in making a loan guarantee. Requires the Board, to the maximum extent feasible, to ensure that the Government is compensated for the risk it assumes in issuing a guarantee by collecting additional guarantee fees or by other appropriate methods. Conditions Chrysler's eligibility for loan guarantees on its establishment of an employee stock ownership plan (ESOP) which: (1) satisfies the requirements of the Internal Revenue Code of 1954; (2) acquires Chrysler equity securities, bonds, debentures, notes or other instruments evidencing an indebtedness with the proceeds of a loan guaranteed under this Act; (3) is administered by a committee representing Chrysler, its employees participating in the ESOP, the trustee of the ESOP, the Secretary of the Treasury, and the Secretary of Labor; (4) will acquire noncallable preferred Chrysler stock convertible to common by direction of the ESOP committee at its fair market value as of October 23, 1979, in an aggregate amount not less than $250,000,000 or 25 percent of the loan guarantee, whichever is greater; (5) contains an agreement by Chrysler to make annual contributions sufficient to permit the ESOP to amortize the loan made by Chrysler to the ESOP; (6) grants all participants a nonforfeitable interest in their accounts; and (7) requires an annual allocation of all securities the ESOP acquires to the accounts of each participant in substantially equal amounts. Directs the Board to make every effort to assure that guaranteed loans to Chrysler are secured by sufficient property to fully collateralize the amount of the loan guarantee. Prohibits Chrysler, while any guaranteed loan remains unpaid, from declaring any dividend on its common stock or from making payments on any other indebtedness. Permits the Board to waive such prohibitions if such action is consistent with the interests of the United States. Directs the Board to require Chrysler to make changes in its management and fiscal operations and to develop a long-range plan if the Board determines that the inability of Chrysler to obtain credit in the normal capital markets is a result of a failure on the part of management to exercise reasonable business prudence. Prohibits the Board from guaranteeing any loan until it has received Chrysler's audited financial statement and has been afforded access to Chrysler's records. Requires a lender to exhaust all of its remedies under a guarantee agreement before any payment under the guarantee of the United States becomes due. Directs the Board to assure that any loan agreement guaranteed under this Act contains the usual provisions to protect the guarantor including strictures against waiver or amendment without the consent of the Board. States that the guarantee of the United States shall be in force with respect to advances under a loan agreement only if: (1) the Board receives ten days notice in writing of the advance; (2) the lender certifies that Chrysler is not in default, except that in cases where the lender reports the circumstances of a default the Board may guarantee an advance if it is consistent with the interests of the United States; and (3) Chrysler provides the Board with a plan concerning the expenditures which will be made with the advance. Requires Chrysler to report all instances in which advances were not expended in accordance with such plan. Requires that all guarantee agreements give the Board priority interest over the lender in any collateral securing the loan and any outstanding earlier loans. States that any sums that Chrysler has on deposit with the lender which are subject to offset under the bankruptcy laws shall be considered collateral in which the Board has priority over the lender. Authorizes the Board to inspect and copy Chrysler's records. Directs the General Accounting Office to conduct an audit of Chrysler at least once a year if an application for a guarantee has been made or if a guarantee is outstanding. Requires the Office to report the results of such audits to the Board and the Congress. Sets forth the maximum obligation of the Board under all outstanding loan guarantees made under this Act. States that such assistance may be only in such amounts as provided in advance in appropriation Acts. Establishes an emergency loan guarantee fund in the Treasury to cover the expenses and obligations of the Board. Requires that all guarantee fees be deposited in such fund. Permits the Board to use any Federal Reserve bank as its fiscal agent provided the bank is reimbursed for any expenses or losses incurred acting in such capacity. Directs the Attorney General to enforce the rights of the United States as a guarantor under this Act. Requires all sums recovered by the Attorney General to be deposited in the emergency loan guarantee fund. Entitles the Board to recovery of any payments made by Chrysler or any other liable person pursuant to a guarantee agreement. Directs the Board to ensure that lenders and other persons maintain their unguaranteed financial assistance to Chrysler at the level provided from October 1, 1978, to October 31, 1979. Directs the Board to submit an annual report to the Congress on its operations. Requires the Board to submit a report to Congress within six months of the enactment of this Act which contains recommendations on the need to continue the guarantee program beyond the termination date of this Act. Terminates the authority of the Board to enter new guarantee agreements on December 31, 1983.
Bill· SS. 1935 (96th)referred
United States · United States Congress · 24 October 1979
Railroad Contract Act of 1979 - Permits a rail carrier to enter into a contract with a shipper for transportation at rates and conditions of service mutually agreeable. Directs the Interstate Commerce Commission to consider only the effect upon service to noncontract shippers when reviewing and approving such contracts. Prohibits the Commission from interfering with the performance of such contracts once approved. Directs the Commission to establish a railroad contract rate Advisory Service to advise the Commission in the review of and the dissemination of information concerning such contracts to the public. Requires carriers to negotiate in good faith subsequent contracts with shippers similarly situated. Requires the Commission to promulgate standards and criteria to be used in determining similarities between such shippers. Permits the Commission to direct such carriers to enter into an agreement with shippers similarly situated. Directs the Commission to commence a survey of the rail service capacity of the nation's railroads. Permits a rail carrier or a person controlled by or affiliated with a rail carrier to apply for approval of a transaction which involves motor carrier transportation to serve inadequately served shippers located on another railroad. Directs the Commission to approve automatically applications which are not protested by interested parties.
Bill· HRH.R. 5656 (96th)referred
United States · United States Congress · 19 October 1979
Amends the Federal Aviation Act of 1958 to require operators of commuter service airports to establish air transportation security programs.
Bill· HRH.R. 5630 (96th)referred
United States · United States Congress · 18 October 1979
Chrysler Corporation Emergency Credit Assistance Act - Establishes an Emergency Credit Assistance Board composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Transportation to guarantee and make loans for the benefit of Chrysler Corporation. Designates the Secretary of the Treasury as Chairman of the Board. Requires all decisions of the Board to be made by majority vote. Imposes the following conditions on any loan guaranteed by the Board: (1) the loan must be needed to enable Chrysler to continue operations which if curtailed would seriously and adversely affect the economic or employment situation in the United States or any of its regions; (2) Chrysler must be unable to obtain credit upon reasonable terms without such a guarantee; (3) Chrysler's prospective earning power, together with any security it pledges, must furnish reasonable assurance that the loan will be repaid; (4) the lender must certify that it would not make the loan without such a guarantee; (5) the loan must be payable in not more than five years and any renewal option must not exceed an additional five years; and (6) the loan must bear interest at a rate determined by the Board taking into account the reduced risk afforded by the guarantee. Directs the Board to collect guarantee fees to cover the administrative expenses and risk taken by the Federal Government in making loan guarantees. Requires such fees to be of an amount which when added to the interest payable to the lender on a loan produces a total charge appropriate for loans of comparable risk in the normal capital markets. Directs the Board to deposit such fees in the emergency loan guarantee fund established by this Act. Directs the Board to make every effort to assure that guaranteed loans to Chrysler are secured by sufficient property to fully collateralize the amount of the loan guarantee. Prohibits Chrysler, while any guaranteed loan remains unpaid, from declaring any dividend on its common stock or from making payments on any other indebtedness. Permits the Board to waive such prohibitions if such action is consistent with the interests of the United States. Directs the Board to require Chrysler to make changes in its management and fiscal operations and to develop a long-range management and fiscal plan if the Board determines that the inability of Chrysler to obtain credit in the normal capital markets is a result of a failure on the part of management to excercise reasonable business prudence. Prohibits the Board from guaranteeing any loan until it has received Chrysler's audited financial statement and has been afforded access to Chrysler's records. Requires a lender to exhaust all of its remedies under a guarantee agreement before any payment under the guarantee of the United States becomes due. Directs the Board to assure that any loan agreement guaranteed under this Act contains the usual provisions to protect the guarantor including strictures against waiver or amendment without the consent of the Board. States that the guarantee of the United States shall be in force with respect to advances under a loan agreement only if: (1) the Board receives ten days notice in writing of the advance; (2) the lender certifies that Chrysler is not in default, except that in cases where the lender reports the circumstances of a default the Board may guarantee an advance if it is consistent with the interests of the United States; and (3) Chrysler provides the Board with a plan concerning the expenditures which will be made with the advance. Requires Chrysler to report all instances in which advances were not expended in accordance with such plan. Requires that all guarantee agreements give the Board priority interest over the lender in any collateral securing the loan and any outstanding earlier loans. States that any sums that Chrysler has on deposit with the lender which are subject to offset under the bankruptcy laws shall be considered collateral in which the Board has priority over the lender. Authorizes the Board to extend loans directly to Chrysler. Grants the Board access to Chrysler's records after Chrysler accepts a loan or loan guarantee. Directs the General Accounting Office to conduct an audit of Chrysler when it applies for assistance and to report the results of such audit to the Board and the Congress. Sets forth the maximum obligation of the Board under all outstanding loans and loan guarantees made under this Act. States that such assistance may be only in such amounts as provided in advance in appropriation Acts. Establishes an emergency loan guarantee fund in the Treasury to cover the expenses and obligations of the Board. Permits the Board to use any Federal Reserve bank as its fiscal agent provided the bank is reimbursed for any expenses or losses incurred acting in such capacity. Directs the Attorney General to protect the rights of the United States under the loans and loan guarantees authorized by this Act. Requires all sums recovered by the Attorney General to be deposited in the emergency loan guarantee fund. Entitles the Board to recover from Chrysler or any other liable person the amount of any payments made pursuant to a guarantee agreement or loan entered into under this Act. Directs the Board to submit an annual report to the Congress on its operations. Requires the Board to submit a report to Congress within six months of the enactment of this Act which contains recommendations on the guarantee program beyond the termination date of this Act. Terminates the authority of the Board to enter new guarantee agreements and the making of direct loans on December 31, 1983.
Law· SS. 1905 (96th)open
United States · United States Congress · 17 October 1979
Milwaukee Railroad Restructuring Act - Authorizes the bankruptcy court to allow the abandonment of the lines of the Milwaukee Railroad if an employee ownership or employee-shipper ownership arrangement is not implemented by a specified date. Stipulates that, pending the expiration of the time for appeal of such an order, the court may authorize the termination of service on a line to be abandoned. Stipulates that such order may not be stayed. Directs the Interstate Commerce Commission to give preference to proceedings involving the sale or transfer of a line of a railroad in reorganization. Sets forth time limits regarding such proceedings. Authorizes a bankruptcy court, upon the date of enactment of this Act, to authorize the abandonment of lines of railroad in any case pending under the Bankruptcy Act. Stipulates that, pending the expiration of the time for appeal of such an order, the court may authorize the termination of service on a line to be abandoned. Stipulates that such an order may not be stayed. Authorizes an association of representatives of national railway labor organizations, employee coalitions, and shippers to submit to the Commission a single plan for converting all or substantially all of the Milwaukee Railroad into an employee or employee-shipper-owned company. Stipulates that such a plan must be submitted by December 1, 1979. Directs the Commission, within 30 days, to approve such a plan if: (1) adequate financing is available to the proponents of such plan; (2) the plan is fair and equitable to the railroad's creditors; (3) implementation of such plan will occur by March 1, 1980; (4) the railroad can be operated on a self-sustaining basis; and (5) the plan contains an assessment of all operating practices including the implementation of changes designed to achieve the greatest possible labor productivity increases consistent with safe operations and adequate service. Directs the Commission, upon finding that the plan meets such criteria, to submit its findings to the bankruptcy court. Directs the court, within ten days, to determine whether the plan is fair and equitable to the estate of the Milwaukee Railroad. Stipulates that if the court approves such plan the proponents shall implement the plan by March 1, 1980. Amends the Emergency Rail Services Act of 1970 to remove the requirement that Federally guaranteed railroad certificates of railroads in reorganization be treated as an expense of administration and receive the highest priority in bankruptcy if the railroad involved is actively engaged in formulating an employee ownership plan or an employee-shipper ownership plan. Increases the aggregate principal amount of all certificates which may be guaranteed under such Act. Directs the Secretary of Transportation to immediately guarantee trustee certificates of the Milwaukee Railroad to allow the railroad to maintain its rail system. Stipulates that such certificates shall be subordinated to the claims of any creditor's of the railroad which exist on the date of enactment of this Act. Stipulates that an employee of such railroad who elects to receive a separation allowance shall be entitled to receive from the Railroad Retirement Board expenses for training in qualified institutions for new career opportunities. Authorizes appropriations for such purpose. Directs the Secretary, pursuant to the Railroad Revitalization and Regulatory Reform Act of 1976 to guarantee obligations of such railroad in order to provide protection for employees affected by restructuring, transactions, or reductions in service by such railroad. Directs the Secretary to guarantee obligations of the railroad to finance an equipment repair program for the railroad, or its successors, during the remainder of 1979 and 1980. Stipulates that the obligations guaranteed for such repair program and for employee protection arrangements shall be subordinated to the claims of any creditor of the railroad existing on the date of enactment of this Act. Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to authorize the Secretary to purchase redeemable preference shares or trustee certificates which are convertible to such shares to facilitate the rehabilitation and improvement of Milwaukee Railroad property that has been sold to another person prior to November 1, 1980, or retained by such railroad so long as such property will be used for continuing rail service. Stipulates that the provisions of the National Environmental Policy Act of 1969 shall not apply to transactions carried out pursuant to this Act. Directs the Milwaukee Railroad to maintain its entire railroad system and continue its level of service until: (1) an employee or employee-shipper ownership plan is not submitted to the Commission in the allotted time; (2) the Commission finds the plan not to be feasible; (3) the bankruptcy court finds that the plan is not fair and equitable to the railroad's creditors; or (4) the plan is not implemented within the allotted time. Amends the Regional Rail Reorganization Act of 1973 to stipulate that the United States Railway Association may increase the principal amount of a loan, in an amount not to exceed $4,000,000 if the railroad is establishing an employee stock ownership plan, that assures by December 31, 1980, the railroad will contribute a specified sum to such plan. Amends the Department of Transportation Act to stipulate that rail service assistance funds which are available for reallocation as of October 1, 1979, shall be reallocated solely to States which require supplementary assistance to mitigate the effects caused by the filing of large-scale abandonments by railroads in liquidation on reorganization.
Bill· HRH.R. 5590 (96th)referred
United States · United States Congress · 15 October 1979
Stipulates that the State of Indiana shall be free of all restrictions with respect to the issuance of obligations constituting a lien against the East-West Toll Road in northern Indiana (Interstate Route 80/90) or payable out of revenues derived from the toll road and restrictions relating to the imposition or collection of tolls upon: (1) the repayment of specified Federal-aid highway funds received by the State; and (2) the issuance of new bonds to pay for the costs of completing the required construction of such road. Establishes requirements with respect to the issuance of such bonds. Stipulates that the amounts repaid by the State shall be placed in the Federal-Aid Highway Trust Fund and shall be credited to the unprogrammed balance of the Federal-aid highway funds of the same class apportioned to the State of Indiana.
Bill· SJRESS.J.Res. 114 (96th)referred
United States · United States Congress · 12 October 1979
Authorizes the Chicago, Milwaukee, Saint Paul, and Pacific Railroad Company (Milwaukee Railroad), in consultation with the Secretary of Transportation, to sell all or any portion of its system. Authorizes the Secretary to develop plans and participate in negotiations for, and make recommendations to the trustee of the railroad regarding, the sale or transfer of any portion of such system. Directs the Secretary, in developing such plans and entering into such negotiations, to give preference to financially responsible persons, including governmental entities, negotiating for the purchase of any line with the intent of providing common carrier service. Stipulates that any such proposal shall be submitted to the court having jurisdiction over the reorganization of the Milwaukee Railroad. Sets forth the conditions under which such bankruptcy court may approve the sale of such a line. Stipulates that by January 1, 1980, an association composed of representatives of national railway labor organizations, employees, and shippers may submit to the Interstate Commerce Commission a plan for converting all or a substantial part of the Milwaukee Railroad into an employee or employee-shipper owned company along with a method for implementing such a plan. Directs the Commission to approve such a plan if: (1) adequate financing is available to the proponents of such plan; (2) the plan is fair and equitable to the railroad's creditors; (3) implementation of such plan will occur by May 10, 1980; and (4) that portion of the railroad covered by the plan can be operated on a self-sustaining basis. Directs the Commission, upon approving such plan, to submit its findings to the bankruptcy court. Directs the court, within ten days, to determine whether such plan is fair and equitable to the railroad's creditors. Stipulates that the Commission's determination with respect to such issue shall be rebutted only by clear and convincing evidence. Amends the Emergency Rail Services Act of 1970 to remove the requirement that federally guaranteed railroad certificates of railroads in reorganization be treated as an expense of administration and receive the highest priority in payment under the Bankruptcy Act if the railroad involved is actively engaged in formulating an employee ownership plan or an employee-shipper ownership plan. Increases the aggregate principal amount of all certificates which may be guaranteed under such Act. Directs the Secretary to immediately guarantee trustee certificates of the Milwaukee Railroad to allow the railroad to maintain its rail system. Stipulates that such guaranteed certificates shall not have priority in bankruptcy over the claim of any creditor of such railroad which exists as of the date of the enactment of this resolution. Requires each rail carrier to give preference in hiring to any employee of the Milwaukee Railroad who is separated from his employment by reason of any reduction of service by such railroad occurring prior to March 1, 1981. Entitles employees of the Milwaukee Railroad who, by April 1, 1981, are required to change their residence to maintain employment with such railroad or to obtain employment with another rail carrier, to moving expenses. Stipulates that such expenses shall be paid by the Milwaukee Railroad and shall be treated as administrative expenses of such railroad's estate. Entitles employees of such railroad who are separated from that employment by reason of any reduction of service prior to March 1, 1984, to supplemental unemployment insurance. Grants such benefits to individuals who are separated from such railroad and become employed by another rail carrier by March 1, 1981, and are separated from that employment prior to March 1, 1984. Sets forth the amounts of such benefits. Directs the Milwaukee Railroad, at specified periods, to submit to the Railroad Retirement Board a list of those individuals separated from the railroad subsequent to the enactment of this resolution. Directs the Board to mail copies of such lists to other rail carriers. Requires rail carriers to submit lists of their available employment positions with the Board. Allows displaced employees of the Milwaukee Railroad access to such lists. Allows such an individual to bid on such an available position. Requires rail carriers to accept such a bid by the individual who has the most seniority in the class or craft within which such a position is listed. Entitles individuals who are employed by the restructured Milwaukee Railroad or individuals who are separated from such railroad and obtain employment with another rail carrier by March 1, 1981, to employee relocation incentive compensation. Sets forth the amount and the conditions under which such compensation may be granted. Entitles an employee of such railroad, by April 1, 1981, to elect to receive a separation allowance from such railroad in an amount equal to $2,000 for each year of completed service up to a maximum of $25,000. Entitles individuals making such an election to receive from the Board expenses for training in qualified institutions for new career opportunities. Stipulates that any individual who receives moving expense benefits, supplementary unemployment compensation or employee relocation incentive compensation under this resolution shall not be eligible for such separation allowance or new career training assistance. Stipulates that any individual who receives any assistance under this Act shall be deemed to have waived any employee protection benefits otherwise available under specified laws or any applicable contract or agreement. Authorizes appropriations in specified amounts to carry out the various provisions of this Act. Directs the Secretary to guarantee certificates of such railroad in order to provide moving expenses, employee relocation incentive compensation and separation allowances pursuant to this Act. Directs the Secretary to guarantee obligations to finance an equipment repair program for the Milwaukee Railroad, or its successors, during the remainder of 1979 and 1980. Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to direct the Secretary to immediately purchase redeemable preference shares or trustee certificates convertible to such shares to facilitate the rehabilitation and improvement of Milwaukee Railroad property which has been sold to another person or retained by such railroad that will be used for common carrier rail service. Directs the Secretary of Energy to conduct an assessment of the present and potential coal hauling needs in the area served by the Milwaukee Railroad and to report such findings to Congress within 30 days. Stipulates that the provisions of the National Environmental Policy Act shall not apply to transactions carried out pursuant to this joint resolution. Directs the Railroad Retirement Board to publish and make available for distribution by the Milwaukee Railroad to its employees a document describing the rights of employees as established by this joint resolution. Directs the Board to submit periodic reports to Congress on its activities pursuant to this joint resolution. Directs the Milwaukee Railroad to continue its operations as they existed on May 1, 1979, until: (1) an employee or employee-shipper ownership plan is not submitted to the Commission within the alloted time; (2) such a proposed plan is found to be not feasible by the Commission; (3) the proposed plan is found by the bankruptcy court not to be fair and equitable to the railroad's creditors; or (4) the plan is not implemented within the time frame prescribed in this Act.
Bill· HRH.R. 5565 (96th)referred
United States · United States Congress · 12 October 1979
Increases the national maximum speed limit to 65 miles per hour.
Law· SS. 1863 (96th)open
United States · United States Congress · 5 October 1979
Authorizes the Secretary of Commerce to charter the nuclear ship Savannah to the Patriots Point Development Authority, an agency of the State of South Carolina, for a specified period as a museum ship. Makes the Secretary of Commerce responsible for inspection and maintenance of the hull below the waterline. Makes the Development Authority responsible for all other maintenance. Sets forth other conditions to be included in the charter. Directs the Secretary of Commerce, acting for the United States Government as owner of the vessel, and the Development Authority to apply to the Nuclear Regulatory Commission for a license to possess the nuclear utilization facility. Provides that the sole liability of the Secretary shall be the financial responsibility for the disposal of the reactor and other nuclear systems and radioactive contaminated components in the vessel. Makes the Authority responsible for the monitoring and security of the reactor and all nuclear systems and radioactive components in the vessel and for filing all reports that may be required. Authorizes the use of specified appropriated funds for preservation work on such ship. Authorizes appropriations as necessary to tow the Savannah to a site at Patriots Point at Mount Pleasant, South Carolina, for hull inspection and maintenance purposes.
Bill· SS. 1849 (96th)referred
United States · United States Congress · 1 October 1979
Amends the Merchant Marine Act, 1936, to allow a dry bulk cargo vessel to be removed from documentation under the laws of the United States ten years (previously 25 years) after such documentation where such removal is coincident with the sale of such a vessel to a person who is not a citizen of the United States. Requires the owner of such a vessel to pay the United States any principal or interest due prior to such removal and requires the owner to place the net proceeds of such sale in its capital construction fund. Requires the owner of such a vessel to contract for the construction of a new dry bulk cargo replacement vessel within one year after such a sale if the vessel which was sold was constructed less than 25 years earlier. Stipulates that any purchaser of such a vessel shall enter into an agreement with the Secretary allowing the vessel to be used by the United States, for just compensation, in time of emergency. Allows dry bulk cargo vessels which are receiving an operating-differential subsidy to perform repairs outside of the United States or Puerto Rico. Removes the provision of law which prohibits individuals who are receiving an operating-differential subsidy or who are chartering vessels owned by the Department of Commerce from operating or acting as an agent for any foreign-flag dry bulk cargo vessel which competes with American carriers. Directs the Secretary of Commerce to promulgate regulations to insure that the removal of such prohibition will not result in unfair competition with operators of exclusively United States-flag vessels and that no diversion of any subsidy will occur with respect to foreign-flag operations.
Bill· SS. 1851 (96th)referred
United States · United States Congress · 1 October 1979
Amends the Tariff Act of 1930 to exempt purchases of repair parts and equipment and repairs made in Panama from the duty otherwise owed by a U.S. vessel.
Bill· HRH.R. 5481 (96th)passed
United States · United States Congress · 28 September 1979
International Air Transportation Competition Act of 1979 - Amends the Federal Aviation Act of 1958 to direct the Civil Aeronautics Board to utilize the same public policy interests which are applicable to interstate and overseas air transportation in carrying out its functions with respect to foreign air transportation including placing maximum reliance on competitive market forces to provide the needed air transportation. Removes the requirement that a certificate to engage in foreign air transportation may only be granted if the transportation applied for is required by the public convenience and necessity. Stipulates that an application for such service need only be consistent with the public convenience and necessity. Authorizes the Board to suspend or revoke authority to serve any point, authorized in a certificate, upon notice and a reasonable opportunity for the affected carrier to present its views, but without a hearing, if the carrier has notified the Board that it proposes to suspend all service to such a point, or, if the carrier has failed to provide any significant service to the point for a 90-day period. Authorizes the Board to issue a permit to foreign air carriers if either the applicant has been designated by its government to perform such foreign air transportation under the terms of an agreement with the United States or that such transportation will be in the public interest. Removes the requirement that a public hearing be held with respect to the issuance of such permits. Authorizes the Board, without a public hearing but subject to the approval of the President, to suspend or modify the permits of the air carriers of a foreign country if it finds that the country, over the objections of the United States, has impaired the operating rights of United States carriers, or has engaged in unfair, discriminatory, or restrictive practices with a substantial adverse competitive impact upon United States carriers. Authorizes the Board to also restrict the operations between such foreign country and the United States by any foreign air carrier of a third country. Authorizes the Board to require foreign air carriers to file such reports as the Board may require. Removes the requirement that foreign air carriers file copies of every agreement or contract between such a carrier and any other carrier which affects foreign air transportation. Authorizes the Board to exempt any foreign air carrier from the requirements of the Federal Aviation Act of 1958 to the extent necessary to allow the carrier to lease or charter aircraft to a United States direct carrier for the performance of air transportation services under an agreement approved by the Board. Authorizes the Board to dispense with hearings regarding the suspension or rejection of any tariff filed by a foreign air carrier. Stipulates that if any air carrier or foreign air carrier has its initial tariff suspended or rejected by the Board, it may file a tariff which embodies the current rate structure of any other carrier engaged in the same foreign air transportation. States the intent of Congress that, in formulating United States air transportation policy, the appropriate Federal officials should develop a negotiation policy which emphasizes the greatest degree of competition that is compatible with a well-functioning international air transportation system. Directs the Secretaries of State and Transportation and the Civil Aeronautics Board to consult with specified groups affected by international aviation concerning both broad policy goals and individual negotiations. Directs the President to grant to at least one representative of each House of Congress the privilege of attending international aviation negotiations as an observer if such privilege is requested in advance in writing. Allows the Secretary to authorize U.S. air carriers to engage in otherwise authorized common carriage and carriage of mail with foreign registered aircraft under lease or charter to them without crew. Amends the International Air Transportation Fair Competitive Practices Act of 1974 to allow the Board to take such action as it deems necessary to eliminate the practices or restrictions of any foreign government (including its air carriers) which result in discriminatory or anticompetitive practices against a United States carrier or which impose unreasonable restrictions or the access of a United States carrier to foreign markets. Prohibits the Board from finding that any fare for the foreign transportation of persons is unjust or unreasonable on the basis that the fare is too low or too high if: (1) the proposed increase is not more than five percent higher than the standard foreign fare level for the same or similar service; or (2) if the proposed decrease is not more than 50 percent below such level. Defines "standard foreign fare level" as that fare level in existence on October 1, 1979, as adjusted semiannually by the Board to reflect changes in the operating cost per available seat-mile.
Bill· HRH.R. 5472 (96th)passed
United States · United States Congress · 28 September 1979
Directs the Secretary of the department in which the Coast Guard is operating to cause the vessel Oceanic Independence and the steamship Santa Rosa to be documented as vessels of the United States entitled to engage in the coastwise trade. Limits the trade for such vessels to the carrying of passengers and their accompanying baggage. Authorizes the steamship vessel United States to engage in the domestic and foreign commerce of the United States or between foreign ports so long as the vessel's domestic trade is limited to the carriage of passengers and their baggage. Stipulates that the steamships Mariposa and Monterey may, subject to the approval of the Secretary of Commerce, be allowed to remain under the American flag and operate totally in both the domestic and foreign commerce of the United States and/or between foreign ports.
Law· HRH.R. 5451 (96th)open
United States · United States Congress · 27 September 1979
Maritime Education and Training Act of 1979 - Amends the Merchant Marine Act of 1936 to integrate existing provisions of Federal law concerning maritime education and training by the United States Merchant Marine Academy (Academy), State maritime colleges, and civilian nautical schools. Directs the Secretary of Commerce to establish minimum requirements and a system of competition for selecting candidates to the Academy. Prohibits granting any preference in the selection process to members of the families of Academy alumni. Requires the Panama Canal Commission to nominate candidates from the areas and installations made available to the United States pursuant to the Panama Canal Treaty of 1977 and related agreements. Authorizes the Secretary to make a limited number of noncompetitive appointments to the Academy each year. Requires each candidate who is a U.S. citizen, as a condition of appointment, to sign an agreement committing the candidate: (1) to complete instruction at the Academy; (2) to obtain and maintain an officer's license in the United States merchant marine for six years following graduation; (3) to apply for and, if tendered, accept a six-year appointment as a commissioned officer in the United States Naval Reserve; (4) in lieu of such appointment, to serve the U.S. national defense or foreign commerce for five years; and (5) to report to the Secretary on compliance with such agreement. Authorizes the Secretary to order any cadet who violates the agreement to active duty to serve the unexpired portion of required service. Authorizes the chairmen of the congressional committees having legislative jurisdiction over the Academy to designate committee staff members as staff members for the Board of Visitors of the Academy. Directs the Governors of the States or territories cooperating to sponsor a regional college to identify the State or territory to conduct the affairs of such college. Declares that a regional maritime college is eligible for Federal assistance on the same basis as a State maritime college. Authorizes the Secretary: (1) to pay the costs to such a regional or State college (college) for fuel used for training cruises; and (2) to provide for training of college students on Government-owned and subsidized vessels or other vessels. Requires the Secretary to assist the colleges with the operation and maintenance of new vessels. Stipulates that a college, as a condition for receiving Federal assistance or a training vessel, must require Students to pass the examination for an entry-level merchant marine officer's license. Authorizes the Secretary of the Navy to appoint students graduating from a college which receives Federal assistance as Reserve midshipmen of the U.S. Navy or to commission such students as Reserve ensigns in the Navy. Authorizes the Secretary to make loans to college students. Requires that each student receiving a loan agree to certain conditions concerning use of the loan and post-graduate service obligations. Declares that such a loan shall be forgiven if the student: (1) completes all terms of the loan agreement; or (2) is separated from the college because of failure to meet the academic requirements of the college or the physical requirements for a merchant marine officer's license. Allows the Secretary to waive payment of the loan under specified circumstances. Includes service as an administrative enrollee of the United States Maritime Service (USMS) as Federal service for those enrollees appointed to civil service positions. Stipulates that: (1) such USMS service shall be counted either toward one periodic step increase or toward one additional step increase; and (2) after appointment to the civil service such enrollees are not entitled to certain USMS travel and health benefits. Authorizes the Secretary: (1) to lend surplus shipping equipment to the Academy, colleges, or other approved merchant marine training schools for instructional purposes; (2) to utilize resources of other Federal agencies, with the consent of such agencies, for maritime-education purposes; and (3) to employ instructors for maritime-education courses without regard to specified provisions of Federal law concerning the classification of civil service positions and General Schedule pay rates. Repeals certain provisions of Federal law relating to marine education and training.
Bill· HRH.R. 5439 (96th)referred
United States · United States Congress · 27 September 1979
Amends the Department of Transportation Act to direct the Secretary of Transportation to reallocate appropriations for rail service assistance solely to States which require supplementary assistance to mitigate the effect caused by the filing of large-scale abandonments by railroads in liquidation or reorganization under the Bankruptcy Act. Sets forth the factors to be considered in such reallocation, including the amount of mileage in the State for which the application for abandonment or discontinuance has been filed and the relationship between such mileage and the total rail mileage in such State.
Bill· HRH.R. 5431 (96th)referred
United States · United States Congress · 27 September 1979
Amends the Shipping Act, 1916 to redefine the term " independent ocean freight forwarder."
Bill· HRH.R. 5413 (96th)referred
United States · United States Congress · 26 September 1979
Motor Vehicle Regulatory Improvement Act of 1979 - Amends the Motor Vehicle Information and Cost Savings Act to: (1) establish average fuel economy standards for model years 1981, 1982, 1983, and 1984; (2) eliminate the authority of the Secretary of Transportation to prescribe or modify such standards; (3) eliminate the authority of the Administrator of the Environmental Protection Administration to prescribe rules for the calculation of average fuel economy; and (4) permit credits earned for exceeding the required fuel economy levels for any given model year to be used to offset any penalties such manufacturer may have incurred for the three consecutive model years prior to such year. Amends the National Traffic and Motor Vehicle Safety Act of 1966 to prohibit the Secretary of Transportation from requiring that any passenger car be equipped with any automatic device or mechanism which enables such car to meet any frontal crash protection requirements prescribed by the Secretary. Amends the Clean Air Act to modify emission standards for carbon monoxide, hydrocarbons and oxides of nitrogen from light-duty vehicles and engines manufactured after model year 1979. Establishes a national primary ambient air quality standard with respect to ozone. Permits the Administrator to submit to Congress for approval by June 30, 1985 a proposed national primary ambient air quality standard to take effect on September 30, 1987.
Bill· SS. 1818 (96th)referred
United States · United States Congress · 25 September 1979
Directs the Secretary of the department in which the Coast Guard is operating to cause the vessel Alaskan Shores to be documented as a vessel of the United States with the privilege of engaging in the coastwise trade.