legislation
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253 rows where congress = 96 and policy_area = "Finance and Financial Sector" sorted by introduced_date descending
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date ▲ | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96-hres-830 | 96 | hres | 830 | A resolution calling on the Board of Governors of the Federal Reserve System to reduce the current high interest rates in order to relieve the economic distress of those in the automotive and housing industries and others. | Finance and Financial Sector | 1980-12-13 | 1980-12-13 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Brinkley, Jack [D-GA-3] | GA | D | B000839 | 1 | Declares that the Board of Governors of the Federal Reserve System should reduce and stabilize interest rates to relieve economic distress. | 2024-02-06T19:38:08Z | |
| 96-hres-831 | 96 | hres | 831 | A resolution calling for reduction of high interest rates. | Finance and Financial Sector | 1980-12-13 | 1980-12-13 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Dicks, Norman D. [D-WA-6] | WA | D | D000327 | 22 | Expresses the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should immediately take all necessary steps to reduce interest rates. | 2024-02-06T19:38:08Z | |
| 96-s-3259 | 96 | s | 3259 | A bill to establish a uniform law on the subject of bankruptcies. | Finance and Financial Sector | 1980-12-09 | 1980-12-09 | Measure passed Senate. | Senate | Sen. DeConcini, Dennis [D-AZ] | AZ | D | D000185 | 1 | Title I: Amendments to Title 11 of the United States Code - Makes technical amendments to the Bankruptcy Reform Act of 1978. Amends the definition of a "security" under title 11, which includes only securities registered under the Securities Act of l933, to include any security which should be so registered. Specifies the time periods for assessing tax liabilities or filing a petition of bankruptcy after a stay has been imposed. Increases the compensation payable to trustees. States that a bankruptcy petition shall operate as a stay of the filing of a tax lien or of the presentation of a negotiable instrument. Requires notification by the trustee if so required by the Clayton Act. Establishes the burden of proof in having to use, sell, or lease property. Permits any sublessee to succeed to the right of any lessee who elects to treat the lease as terminated. Allows a claim for tax liability arising from payment from the estate of claims for wages, salaries, or commissions. Sets forth limitations on the reconsideration of claims. Permits the court to offset a claim for tax liability with any counterclaim. Limits the amount of claims for wages, contributions to employee benefit plans, deposits, or taxes which is entitled to priority. Requires the debtor to file a schedule of equity interests along with assets and liabilities. Removes the debtor's exemption of property interests held in joint tenancy. Permits the debtor to avoid a transfer or recovery of a setoff of property and to exempt such property if such transfer is voidable or recoverable by the trustee, whether or not the trustee attempts to do so, subject to specified limitations. Removes the permissible discharge from debt of alimony or support which has been assigned to another entity. Prohibits a creditor from obtaining a setoff which was transferred for such a purpose. Permits the debtor to redeem property pursuant to an agreement based on a dischargeable debt. Requires the trustee to transfer commodity contracts that are being actively traded, if feas… | 2021-06-14T20:10:27Z | |
| 96-s-3260 | 96 | s | 3260 | Government Related Securities Act of 1980 | Finance and Financial Sector | 1980-12-09 | 1980-12-09 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Williams, Harrison A., Jr. [D-NJ] | NJ | D | W000502 | 0 | Government-Related Securities Act of 1980 - Title I: Short Title and Relationship to Securities Exchange Act of 1934 - Establishes a means for regulating transactions in mortgage-backed securities which are guaranteed by the Government National Mortgage Association and mortgage-backed securities which are issued or guaranteed by the Federal Home Loan Mortgage Corporation. Establishes a Government-Related Securities Oversight Council (Council) and states the authority of the Council. Sets forth registration requirements for transactions effected by any government-related securities broker or dealer. Directs the Council to establish a Federal Mortgage-Backed Securities Rulemaking Board (FMSRB). Requires the FMSRB to propose and adopt rules to effect the purposes of this Act with respect to transactions in government-related securities. Specifies the minimum coverage of such rules, including operation of the FMSRB and establishment and enforcement of standards by which government-related securities brokers and dealers operate. Prohibits the FMSRB from requiring any issuer or guarantor of government- related securities to furnish documents or information regarding such issuer or guarantor which are not generally available from other sources. Directs the appropriate regulatory agency, registered securities association, or national securities exchange to report on any examination of government-related securities brokers or dealers conducted pursuant to this Act and to furnish the Securities and Exchange Commission or the Council, upon request, with a copy thereof and any related data. Requires all Government entities and those in which the United States has an interest and which are issuers or guarantors of government-related securities to facilitate the establishment of a comprehensive system for clearance and settlement of such securities. Sets forth procedures and requirements for registration of a government-related securities clearing agency. Prohibits a registered clearing agency from engaging in any activi… | 2025-09-02T13:57:12Z | |
| 96-hr-8437 | 96 | hr | 8437 | A bill to authorize any national bank to establish branches outside of the State in which such national bank is located and to authorize any bank holding company to acquire control of banks located outside of the State in which such bank holding company is located. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Allows any national banking association, with the approval of the Comptroller of the Currency, to establish and operate new branches in any State other than that in which the association is located. Stipulates that such branches may be established and operated only as are specically authorized by such other State's law pertaining to State banks. Amends the Bank Holding Company Act of 1956 to allow any bank holding company to acquire interest in a bank located outside the State in which such company's banking operations are principally conducted. | 2024-02-06T19:38:08Z | |
| 96-hr-8438 | 96 | hr | 8438 | A bill to authorize any bank holding company to acquire control of banks located outside of the State in which such bank holding company is located. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Amends the Bank Holding Company Act of 1956 to allow any bank holding company to acquire interest in a bank located outside the State in which such company's banking operations are principally conducted. | 2024-02-06T19:38:08Z | |
| 96-hr-8439 | 96 | hr | 8439 | A bill to authorize any bank holding company to acquire control of banks and any national bank to establish branches throughout the standard metropolitan statistical area in which such bank holding company or national bank is located. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Allows any national banking association, with the approval of the Comptroller of the Currency, to establish and operate new branches outside the State in which the association is located if: (1) such location is within the same standard metropolitan statistical area; and (2) the establishment and operation of such branches are specifically authorized by such other State's statute law to State banks. Amends the Bank Holding Company Act of 1956 to authorize any bank holding company to acquire interest in a bank located outside the State, but in the standard metropolitan statistical area, in which such company's banking operations are principally conducted. | 2024-02-06T19:38:08Z | |
| 96-hr-8440 | 96 | hr | 8440 | A bill to authorize any bank holding company to acquire control of banks located throughout the standard metropolitan statistical area in which such bank holding company is located. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Amends the Bank Holding Company Act of 1956 to authorize any bank holding company to acquire interest in a bank located outside the State, but in the standard metropolitan statistical area, in which such company's banking operations are principally conducted. | 2024-02-06T19:38:08Z | |
| 96-hr-8441 | 96 | hr | 8441 | A bill to authorize any bank holding company located in the standard metropolitan statistical area in which the District of Columbia is located to acquire control of banks located throughout such area. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Amends the Bank Holding Company Act of 1956 to authorize any bank holding company whose operations are principally conducted in the Washington, D.C., standard metropolitan statistical area to acquire interest in a bank located outside the State but in the Washington, D.C., standard metropolitan statistical area. | 2024-02-06T19:38:08Z | |
| 96-hr-8442 | 96 | hr | 8442 | A bill to authorize any national bank located in the standard metropolitan statistical area in which the District of Columbia is located to establish branches throughout such area and to authorize any bank holding company located in such area to acquire control of banks throughout such area. | Finance and Financial Sector | 1980-12-05 | 1980-12-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Allows any national banking association located in the Washington, D.C., standard metropolitan statistical area to establish and operate branches outside the State in which the association is located if: (1) such location is within the Washington, D.C., standard metropolitan statistical area; and (2) the establishment and operation of such branches are specifically authorized by such other State's statute to State banks. Amends the Bank Holding Company Act of 1956 to authorize any bank holding company whose operations are principally conducted in the Washington, D.C., standard metropolitan statistical area to acquire an interest in a bank located outside the State but in the Washington, D.C., standard metropolitan statistical area. | 2024-02-06T19:38:08Z | |
| 96-hr-8421 | 96 | hr | 8421 | A bill to amend the Depository Institutions Deregulation and Monetary Control Act of 1980. | Finance and Financial Sector | 1980-12-04 | 1980-12-04 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 0 | Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to allow creditors to charge on any extension of consumer credit: (1) interest at a rate limited by the constant maturity index on U.S. Government securities; and (2) specified transaction and access fees. Directs the Board of Governors of the Federal Reserve System, not later than 30 days before the beginning of each calendar quarter, to: (1) compute such maximum annual interest rate; and (2) publish such rate in the Federal Register and otherwise disseminate information regarding such rate as it deems appropriate. Prescribes penalties for the charging of fees in excess of those the creditor would otherwise be permitted to charge and remedies for an individual who has paid such charges, including class action suits. Prohibits the application of charges described in this Act to open-end credit extensions, unless specified notice requirements are met. | 2024-02-06T19:38:08Z | |
| 96-s-3239 | 96 | s | 3239 | Industrial Development Bank Act of 1980 | Finance and Financial Sector | 1980-12-04 | 1980-12-04 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Stevenson, Adlai E., III [D-IL] | IL | D | S000890 | 0 | Industrial Development Bank Act of 1980 - Title I: Findings and Purposes - Sets forth the findings of the Congress and the purposes of this Act. Title II: Corporate Status, General Powers, and Tax Status - Establishes the United States Industrial Development Bank (Bank) as an independent agency of the United States. Exempts the Bank from taxation by the United States or any territory or by any State or local taxing authority, except taxation of real property owned in fee by the Bank. Title III: Financial Assistance - Authorizes the Bank to assist any entity in the financing of: (1) the ownership, construction, conversion, or expansion of productive facilities which: (a) would otherwise receive financing insufficient to make them commercially feasible; (b) employ or stimulate the use of innovative technologies or processes; or (c) provide needed investment in public works; and (2) the acquisition or development of physical plant or resources. Enumerates factors to be considered by the Bank, in consultation with the Secretary of Commerce, in selecting recipients of financial assistance, including the economic benefits to be derived. Directs the Bank to make adequate provision for the sharing of profits of a successful project. Stipulates that conditions of financial assistance shall be no more favorable than those available in the private market, unless more favorable conditions are essential to the project's undertaking or completion or are necessary to meet foreign competition. Limits the aggregate amount of financial assistance provided by the Bank that may be outstanding at any one time. Requires the Bank to consider alternative means of financing. Authorizes the Bank to guarantee any lender against loss of principal and interest on securities, obligations, or loans, and entitles the Bank to recover amounts paid pursuant to a guarantee from any person liable therefor. Requires the Bank to submit to the Congress, with respect to a package of financial assistance amounting to $100,000,000 or more, a stat… | 2025-09-02T13:57:08Z | |
| 96-s-3246 | 96 | s | 3246 | Debt Collection Practices Improvements Act of 1980 | Finance and Financial Sector | 1980-12-04 | 1980-12-04 | Referred to Senate Committee on Governmental Affairs. | Senate | Sen. Sasser, Jim [D-TN] | TN | D | S000068 | 0 | Debt Collection Practices Improvements Act of 1980 - Allows the head of a Government agency to deduct installments from an employee's pay to recover an amount which the agency head has reasonable cause to believe has been overpaid to the employee because of agency error. Exempts such an action from certain time limitation provisions. Amends the Internal Revenue Code of 1954 to authorize a Federal officer or employee to disclose a taxpayer's address to a consumer reporting agency or a debt collector in connection with a proceeding to collect a Federal claim against such taxpayer. Allows such agency or collector to redisclose the address if necessary with regard to such proceeding. | 2025-09-02T13:57:09Z | |
| 96-hr-8371 | 96 | hr | 8371 | Nondiscrimination in Insurance Act of 1979 | Finance and Financial Sector | 1980-11-19 | 1980-11-19 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Oberstar, James L. [D-MN-8] | MN | D | O000006 | 0 | Nondiscrimination in Insurance Act of 1979 - Prohibits any discrimination on the basis of race, color, religion, sex, or national origin regarding contracts for, or terms of, insurance policies. Permits insurers, who regularly provide insurance solely to persons of a single religious affiliation, to continue to do so. Authorizes the Federal Trade Commission to administer and enforce this Act. Requires aggrieved persons to file such discrimination charges with State or local agencies in certain circumstances. Sets forth the procedures on charges filed with the Commission. Requires insurers to keep records and make reports as the Commission shall prescribe. Provides penalties for disclosure of information by employees of the Commission. Authorizes civil actions in U.S. district courts by the Commission if a conciliation agreement cannot be secured from the insurer. Allows an aggrieved person to institute a civil action against the insurer if the Commission has not instituted a civil action within certain time periods. Specifies the judicial relief available, if the court determines that the insurer has committed a discriminatory action. | 2025-09-02T13:55:10Z | |
| 96-s-3198 | 96 | s | 3198 | A bill to prohibit proposed regulatory increases in imputed interest rates for tax purposes on loans between related entities and on deferred payments in the case of certain sales of property. | Finance and Financial Sector | 1980-11-13 | 1980-11-13 | Referred to Senate Committee on Finance. | Senate | Sen. Melcher, John [D-MT] | MT | D | M000635 | 1 | Prohibits the issuance of any final Internal Revenue Service regulations which have the effect of increasing the rate of imputed interest with respect to: (1) loans between related organizations, trades, or businesses; or (2) deferred payments in the case of certain sales of property. | 2021-06-14T20:10:10Z | |
| 96-hr-8288 | 96 | hr | 8288 | A bill to amend the National Flood Insurance Act of 1968 for the purpose of providing insurance with respect to damage caused by flood-related landslides, and for other purposes. | Finance and Financial Sector | 1980-10-02 | 1980-10-02 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Goldwater, Barry, Jr. [R-CA-20] | CA | R | G000268 | 10 | Amends the National Flood Insurance Act of 1968 to include insurance coverage for damage caused by flood-related landslides. Directs the Federal Insurance Administrator to study and report to Congress on the feasibility of insuring property which is located outside of, but on the same real estate lot as, a currently insured residential structure. Directs the Secretary of Housing and Urban Development to pay to any person who, during a specified period prior to enactment of this Act, incurred property damage caused by a flood-related landslide an amount equal to the amount payable if such damage had been covered by such insurance. | 2024-02-06T19:38:08Z | |
| 96-s-3188 | 96 | s | 3188 | Tender Offer Improvements and Investor Protection Act of 1980 | Finance and Financial Sector | 1980-10-01 | 1980-10-01 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Williams, Harrison A., Jr. [D-NJ] | NJ | D | W000502 | 1 | Tender Offer Improvements and Investor Protection Act of 1980 - Amends the Securities Exchange Act of 1934 to revise the requirements for the disclosure of beneficial interests to make such requirements applicable to issuers of a class, held by more than 300 persons, of securities registered pursuant to the Securities Act of 1933. Sets forth a schedule for beneficial owners to make a public announcement of an acquisition, file a statement with the Securities and Exchange Commission, temporarily suspend additional acquisitions, and disclose any material changes in filed information. Continues the effectiveness of statements filed prior to the effective date of this Act. Authorizes the Commission to take necessary steps towards centralized reporting of such information, minimizing the compliance burden, and making available such information promptly. Requires persons making a statutory offer to acquire a class of securities which would make such person the beneficial owner of more than ten percent of such class, to comply with specified requirements concerning filing, acceptance of offers, consideration, expiration date of the offer, security deposits, and purchases (currently persons using the mails to make an offer for a class of securities, which would make such person the beneficial owner of more than five percent of such class, are required to file specified information). Requires the issuer to file specified information concerning acceptance, rejection, or no position on such statutory offer. Prohibits lenders of consideration to persons making such statutory offers from disclosing any material, nonpublic information concerning the issuer to such persons. Revises the prohibition against misrepresentations of material facts with regard to offers to require use of the mails, interstate commerce, or a national securities exchange facility. Sets forth regulations which may be authorized by the Commission to implement provisions applicable to such offers. Makes it unlawful to engage in fraudulent or manipulativ… | 2025-09-02T13:57:08Z | |
| 96-sres-536 | 96 | sres | 536 | A resolution that it is the sense of the Senate that the United States of America is on the verge of bankruptcy. | Finance and Financial Sector | 1980-10-01 | 1980-10-01 | Referred to Senate Committee on Finance. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 0 | Expresses the sense of the Senate that the United States is on the verge of bankruptcy. | 2021-06-14T19:52:29Z | |
| 96-s-3181 | 96 | s | 3181 | Gold Reserve Act of 1980 | Finance and Financial Sector | 1980-09-30 | 1980-09-30 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Helms, Jesse [R-NC] | NC | R | H000463 | 2 | Gold Reserve Act of 1980 - Cancels the gold certificates issued pursuant to the Gold Reserve Act of 1934. Transfers the right to the gold to the Federal Reserve banks holding such certificates. Requires such banks to buy and sell gold at specified prices in return for payment with Federal Reserve notes . Restricts changes in the monetary base based on the amount of gold reserves. Requires the Board of Governors of the Federal Reserve System to proclaim a gold holiday if gold reserves fall below or exceed by specified percentages the target reserve quantity. Directs the Secretary of the Treasury to issue gold coins to meet public demand. Amends the Federal Reserve Act to repeal the authority of the Secretary of the Treasury to call in all gold. | 2025-09-02T13:57:12Z | |
| 96-hr-8223 | 96 | hr | 8223 | Federal Reserve Modernization Act | Finance and Financial Sector | 1980-09-29 | 1980-09-29 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Mitchell, Parren J. [D-MD-7] | MD | D | M000826 | 2 | Federal Reserve Modernization Act - Amends the Federal Reserve Act to eliminate the Federal Open Market Committee and place authority for the conduct of open-market operations in the Board of Governors of the Federal Reserve System, in consultation with the Federal Reserve District Bank Presidents. Requires such operations to be governed with a view to reducing inflation and preventing recession by establishing the growth of the money supply as specified in this Act. | 2025-09-02T13:55:06Z | |
| 96-hconres-440 | 96 | hconres | 440 | A concurrent resolution expressing the sense of the Congress that the Depository Institutions Deregulation Committee should establish a housing differential for thrift institutions of one-Quarter of one percent on all categories of deposits and accounts, other than negotiable order-of-withdrawal accounts, which were established after December 10, 1975. | Finance and Financial Sector | 1980-09-25 | 1980-09-25 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Patterson, Jerry M. [D-CA-38] | CA | D | P000121 | 0 | Expresses the sense of Congress that the Depository Institutions Deregulation Committee should establish a specified housing differential for thrift institutions through April 1, 1986. | 2024-02-06T19:38:08Z | |
| 96-hr-8190 | 96 | hr | 8190 | Cash Discount Act of 1980 | Finance and Financial Sector | 1980-09-24 | 1980-09-24 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 0 | Cash Discount Act of 1980 - Title I: Cash Discounts - Amends the Truth in Lending Act to provide that any discount given by a seller to a buyer to induce payment in cash or by other means not involving an open end credit plan or a credit card shall not constitute a finance charge. Requires the seller to make known to buyers the availability of such a discount. Repeals requirements that such a discount not exceed five percent. Repeals the authority of the Federal Reserve Board to promulgate regulations characterizing cash discounts as finance charges under the Truth in Lending Act or State usury and credit disclosure laws. Defines "regular price" as: (1) the single posted price; or (2) the price paid using an open end credit plan or a credit card if no price is posted or two prices are posted. Title II: Ban on Credit Card Surcharges - Extends the ban against sellers imposing a surcharge on credit card users two years until February 27, 1983. Title III: Authorization of a Gold Medal to the A. Philip Randolph Institute - Authorizes the President to present a gold medal to the A. Philip Randolph Institute in recognition of Randolph's lifelong advocacy of workers' and minorities' interests. Authorizes the selling of bronze duplicates of such medal. | 2025-09-02T13:55:06Z | |
| 96-hr-8106 | 96 | hr | 8106 | A bill to amend the Depository Institutions Deregulation and Monetary Control Act of 1980 to provide that any person may charge interest on any loan at a rate which is not more than 5 percent greater than the discount rate on ninety-day commercial paper which is in effect at the Federal Reserve bank in the Federal Reserve district in which such person is located. | Finance and Financial Sector | 1980-09-15 | 1980-09-15 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Alexander, Bill [D-AR-1] | AR | D | A000103 | 0 | Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to make the interest rate ceiling applicable to any loan rather than business or agricultural loans in excess of $25,000. Postpones the effective date of such ceiling until January 1, 1981. | 2024-02-06T19:38:08Z | |
| 96-hr-8090 | 96 | hr | 8090 | A bill to amend the Consolidated Farm and Rural Development Act to require that the rate of interest applicable to real estate loans made for irrigation purposes not exceed 7 percent. | Finance and Financial Sector | 1980-09-08 | 1980-09-08 | Referred to House Committee on Agriculture. | House | Rep. Ginn, Bo [D-GA-1] | GA | D | G000226 | 1 | Amends the Consolidated Farm and Rural Development Act to limit to seven percent the rate of interest on real estate loans made for irrigation-related purposes. | 2024-02-05T11:45:06Z | |
| 96-s-3102 | 96 | s | 3102 | A bill to amend section 31 of the Securities Exchange Act of 1934. | Finance and Financial Sector | 1980-09-08 | 1980-09-08 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 0 | Amends the Securities Exchange Act of 1934 to increase the transaction fees to be paid by national securities exchanges and registered brokers and dealers. Requires such fees to be paid quarterly. Increases the amount below which no payment is required. | 2025-01-14T18:20:21Z | |
| 96-hr-8085 | 96 | hr | 8085 | Credit Control Sunset Act of 1980 | Finance and Financial Sector | 1980-09-05 | 1980-09-05 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Stanton, J. William [R-OH-11] | OH | R | S000804 | 20 | Credit Control Sunset Act of 1980 - Amends the Credit Control Act to require the Board of Governors of the Federal Reserve System to report to Congress periodically on its operations under such Act. Terminates such Act on July 1, 1981. | 2025-09-02T13:55:05Z | |
| 96-hr-8042 | 96 | hr | 8042 | A bill to amend Section 542(c) of the Internal Revenue Code to include a one-bank holding company among the exception to the tax penalty facilitating the transfer of a bank from one independent ownership to another. | Finance and Financial Sector | 1980-08-27 | 1980-08-27 | Referred to House Committee on Ways and Means. | House | Rep. Downey, Thomas J. [D-NY-2] | NY | D | D000471 | 0 | Amends the Internal Revenue Code to exclude one-bank holding companies from the definition of personal holding company for purposes of the tax imposed on such holding companies. | 2024-02-07T16:32:33Z | |
| 96-hr-7950 | 96 | hr | 7950 | A bill to establish a commission to study the monetary role of gold. | Finance and Financial Sector | 1980-08-19 | 1980-08-19 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Hansen, George V. [R-ID-2] | ID | R | H000171 | 0 | Directs the Secretary of the Treasury to establish a Commission to study U.S. policy concerning the role of gold in domestic and international monetary systems. Requires such Commission to report its findings and recommendations to Congress. | 2024-02-06T19:38:08Z | |
| 96-hr-7939 | 96 | hr | 7939 | A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers, and to provide for the applicability of the Right to Financial Privacy Act of 1978 to the Securities and Exchange Commission. | Finance and Financial Sector | 1980-08-18 | 1980-10-10 | Public Law 96-433. | House | Rep. Scheuer, James H. [D-NY-11] | NY | D | S000124 | 11 | Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash. Amends the Right to Financial Privacy Act of 1978 to apply its provisions to the Securities and Exchange Commission, except as provided in the Securities Exchange Act of 1934. Amends the Securities Exchange Act of 1934 to authorize the Commission to obtain copies of information contained in financial records of a customer from a financial institution without prior notice to the customer upon an ex parte showing to an appropriate district court that the Commission: (1) seeks such records pursuant to a subpoena issued in conformity with the requirements of the Federal securities laws; and (2) has reason to believe that specified acts or results will occur. Requires, upon expiration of any authorized period of delay of notification, that the customer be served with a copy of the subpoena along with a specified notice which describes the nature of the investigation. Directs the Commission to compile an annual tabulation of the occasions on which the Commission obtains access to financial records of a customer as authorized under this Act and include such tabulation in its annual report to Congress. Permits a customer, following the expiration of the period of delay of notification, to reopen the proceeding in the district court. Authorizes such court to grant civil penalties against the Commission or issue injunctive relief if the Commission has obtained records in violation of this Act. Directs the Office of Personnel Management to initiate a proceeding to determine whether disciplinary action should be taken against an employee of the Commission who acted in a willful and intentional manner and without good faith with respect to the violation. Authorizes the Commission to transfer financial record… | 2024-02-06T19:38:08Z | |
| 96-s-3023 | 96 | s | 3023 | A bill to amend section 547 of Title 11 of the United States Code, dealing with preferences in bankruptcy cases. | Finance and Financial Sector | 1980-08-05 | 1980-08-05 | Referred to Senate Committee on the Judiciary. | Senate | Sen. DeConcini, Dennis [D-AZ] | AZ | D | D000185 | 0 | Amends the Bankruptcy Reform Act of 1978 to permit transfers to creditors if in payment of a debt evidenced by a note and supported by an irrevocable letter of credit, commitment to lend funds, or bond of indemnity issued by a bank or insurance company. | 2025-07-21T19:32:26Z | |
| 96-hr-7917 | 96 | hr | 7917 | A bill to provide that all Federal Reserve notes and other currencies of the United States shall be redeemable in gold. | Finance and Financial Sector | 1980-08-01 | 1980-08-01 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Directs the Secretary of the Treasury to conduct a full inventory of U.S. gold reserves and analyze the sufficiency of security measures for such reserves. Requires the General Accounting Office to review and transmit such inventory to Congress. Amends the Gold Reserve Act of 1934 to require congressional authorization to sell gold bullion. Amends the Trading With the Enemy Act to repeal the President's authority to regulate transactions in gold or silver coin or bullion during the time of war. Amends the Federal Reserve Act to repeal the Secretary's authority to require the exchange of gold coins, bullion, and certificates for other U.S. currency if necessary to protect the U.S. currency system. Directs the Secretary to redeem in gold all Federal Reserve and U.S. notes. Authorizes the Secretary to issue gold certificates for redeeming such notes and gold coins in denominations by weight. | 2024-02-06T19:38:08Z | |
| 96-hr-7891 | 96 | hr | 7891 | Housing Survival Act of 1980 | Finance and Financial Sector | 1980-07-31 | 1980-07-31 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 3 | Housing Survival Act of 1980 - Amends the Depository Institutions Deregulation Act of 1980 to repeal provisions establishing the Depository Institutions Deregulation Committee. Prescribes maximum interest rates for savings and loan accounts of O.25 percent of the maximum rates for bank accounts. Terminates all authority to set maximum interest rates on June 30, 1987 (currently, March 31, 1986). Directs the Board of Governors of the Federal Reserve System, the Board Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board to report to Congress regarding the ability of the housing industry to withstand the removal of the interest rate differential. Amends the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act to require the respective Boards to limit interest rates or dividends on time and savings deposits to no more than the market rate of interest (the rate comparable to U.S. Treasury securities of similar maturity). | 2025-09-02T13:54:54Z | |
| 96-hr-7902 | 96 | hr | 7902 | National Development Act of 1980 | Finance and Financial Sector | 1980-07-31 | 1980-07-31 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Minish, Joseph G. [D-NJ-11] | NJ | D | M000796 | 0 | National Development Act of 1980 - Creates the National Development Bank, as a Government Corporation, to achieve a full employment economy through loans to: (1) State and local governments for public works and facilities; and (2) individuals and corporations to establish, expand, or improve businesses and industries. Sets forth provisions concerning such Bank's Board of Directors, officers and employees, corporate powers, and principal office. Authorizes the Secretary of the Treasury to purchase stock in and assets of such Bank. Gives such Bank borrowing authority. Authorizes Federal Reserve banks to purchase such Bank's obligations. Authorizes such Bank to make or guarantee loans: (1) to create or improve business and industry that will have the effect of combating unemployment or underemployment; (2) for products and services of which shortages are perceived; and (3) to finance public works and community facilities that create employment opportunities at adequate wages. Authorizes such Bank to provide technical and other necessary assistance to protect its investment. Sets forth provisions concerning the security required for loans, maturity of loans, interest rates on guaranteed and direct loans, aggregate loan guarantees, requirements for direct loans, and auditing. Exempts such Bank from all taxation other than property taxes. Subjects such Bank obligations to taxes to the same extent as private corporate obligations. | 2025-09-02T13:54:54Z | |
| 96-hr-7874 | 96 | hr | 7874 | Monetary Freedom Act | Finance and Financial Sector | 1980-07-30 | 1980-07-30 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Paul, Ron [R-TX-22] | TX | R | P000583 | 4 | Monetary Freedom Act - Title I: Assay, Inventory, and Audit of Gold Reserves - Directs the Secretary of the Treasury to conduct a full inventory of U.S. gold reserves and analyze the sufficiency of security measures for such reserves. Requires the General Accounting Office to review and transmit such inventory to Congress. Title II: Prohibition on Sale of Gold Bullion - Amends the Gold Reserve Act of 1934 to require congressional authorization to sell gold bullion. Title III: Prohibition of Seizure of Privately Owned Gold - Amends the Trading With the Enemy Act to repeal the President's authority to regulate transactions in gold or silver coin or bullion during the time of war. Amends the Federal Reserve Act to repeal the Secretary's authority to require the exchange of gold coins, bullion, and certificates for other U.S. currency if necessary to protect the U.S. currency system. Reaffirms the constitutional right of the people to hold gold. Title IV: Repeal of Legal Tender Laws - Repeals specified provisions concerning gold and silver coins and bullion, clad coins, currency, and other legal tender. Repeals all other provisions conferring legal tender status upon any monetary instrument. Title V: Redemption of Federal Reserve Notes - Directs the Secretary to redeem in gold all Federal Reserve and U.S. notes. Makes gold the money of account of the U.S. Government. Authorizes the Secretary to issue gold certificates for redeeming such notes and gold coins in denominations by weight. Directs the Secretary and the Federal Reserve to cease issuing Federal Reserve and U.S. notes on enactment of this Act. Title VI: Open Banking - Requires all banks to keep sufficient money in their possession at all times to cover all outstanding promises to pay a sum of money on demand. Authorizes any association of persons, who file an organization certificate, to carry on the business of banking. Title VII: Judicial Application - Sets forth the rule to be used by courts in deciding controversies concerning redemption. T… | 2025-09-02T13:54:54Z | |
| 96-s-2990 | 96 | s | 2990 | Small Business Securities Acts Amendments of 1980 | Finance and Financial Sector | 1980-07-29 | 1980-12-01 | Measure indefinitely postponed in Senate. | Senate | Sen. Sarbanes, Paul S. [D-MD] | MD | D | S000064 | 11 | (Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 96-958) Small Business Securities Acts Amendments of 1980 - =Title I: Amendments to the Investment Company Act of 1940= - Amends the Investment Company Act to define "eligible portfolio company" as any issuer which: (1) is organized under the laws of and has its principal place of business in any State or States; (2) is neither an investment company (not including certain small business investment companies) nor any other company specifically excluded from the definition of investment company under such Act; and (3) satisfies one of the following: (a) does not have outstanding securities which are eligible for margin purchase under Federal Reserve Board regulations; (b) is controlled by a business development company, including having an affiliated person who is a director of such eligible portfolio company; or (c) meets such other criteria as the Securities and Exchange Commission may establish. Defines "making available significant managerial assistance" to mean: (1) significant guidance and counsel concerning management, operations, or goals; (2) controlling influence over management or policy; or (3) investment. Defines "business development company" to mean any closed-end company which: (1) is organized under the laws of, and has its principal place of business in, any State or States; (2) is operated for the purpose of investing in the securities of certain companies; and (3) makes significant managerial assistance available to such companies. Deems a company's ownership of ten percent or more of an investment company's voting securities to be ownership by one person (rather than by all the shareholders) if at the time of the most recent acquisition the value of all securities owned by such company of all such investment company-issuers does not exceed ten percent of its assets. Directs Commission to prescribe regulations regarding beneficial ownership in situations of involuntary transfer. E… | 2025-09-02T13:57:01Z | |
| 96-s-2985 | 96 | s | 2985 | A bill to amend the Consumer Credit Protection Act to prohibit the use of the "Rule of 78 's'" in credit transactions with terms greater than 61 months. | Finance and Financial Sector | 1980-07-28 | 1980-07-28 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Tsongas, Paul E. [D-MA] | MA | D | T000393 | 1 | Amends the Consumer Credit Protection Act to require a creditor to refund promptly any unearned portion of a precomputed finance charge, (except for refunds under $1), if a consumer prepays in full a consumer credit transaction. Requires, with respect to a transaction having a term of more than 61 months, that such refund be calculated using a method at least as favorable to the consumer as the actuarial method in accordance with regulations of the Federal Reserve Board (thus excluding use of the "rule of 78's). | 2025-01-14T18:20:21Z | |
| 96-s-2974 | 96 | s | 2974 | A bill to amend section 5137 of the Revised Statutes. | Finance and Financial Sector | 1980-07-25 | 1980-07-25 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Stewart, Donald [D-AL] | AL | D | S000907 | 0 | Exempts certain nominally valued real estate from the five-year maximum holding period allowed to national banks. | 2025-01-14T18:20:21Z | |
| 96-s-2975 | 96 | s | 2975 | A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers. | Finance and Financial Sector | 1980-07-25 | 1980-07-25 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Sarbanes, Paul S. [D-MD] | MD | D | S000064 | 1 | Amends the Securities Investor Protection Act to increase the amount of claims that the Securities Investor Protection Corporation will pay to customers of brokers and dealers who are involved in liquidation proceedings. | 2025-01-14T18:20:21Z | |
| 96-hr-7810 | 96 | hr | 7810 | Anti Credit Card Surcharge Act | Finance and Financial Sector | 1980-07-24 | 1980-07-24 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 0 | Anti-Credit Card Surcharge Act - Amends the Truth in Lending Act to repeal the provision which ends the prohibition against credit card surcharges on February 27, 1981. | 2025-09-02T13:54:54Z | |
| 96-hr-7735 | 96 | hr | 7735 | A bill to amend the Depository Institutions Deregulation and Monetary Control Act of 1980. | Finance and Financial Sector | 1980-07-02 | 1980-07-02 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 1 | Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to prohibit State limitations on interest or other charges with regard to the extension of consumer credit. Permits States to adopt legislation explicitly exempting themselves from such prohibition. Permits creditors to impose transaction fees and access fees pursuant to an open-end credit plan. Prohibits any State limitation on charges in connection with such plans based on whether the creditor imposes such fees. Amends the Truth in Lending Act to exclude access fees and transaction fees from computation of the finance charges with respect to open-end credit plans. Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to declare that extensions of consumer credit may be made at the highest applicable rate if one or more statutory provisions apply with respect to the same extension of consumer credit. | 2024-02-06T19:38:08Z | |
| 96-s-2927 | 96 | s | 2927 | A bill to prescribe an interest rate differential on deposits and accounts in insured banks and savings institutions. | Finance and Financial Sector | 1980-07-02 | 1980-07-02 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Morgan, Robert B. [D-NC] | NC | D | M000956 | 11 | Provides for decreasing interest rate differentials between deposits or accounts in insured banks and those in savings and loan institutions. Prescribes maximum rates for savings and loan accounts in excess of 0.25 percent of the maximum rates for bank accounts decreasing to 0.05 percent until June 30, 1985. | 2025-01-14T18:20:21Z | |
| 96-hr-7676 | 96 | hr | 7676 | A bill to provide for full insurance for deposits of public funds in insured banks, thrift institutions and credit unions. | Finance and Financial Sector | 1980-06-26 | 1980-06-26 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Lowry, Mike [D-WA-7] | WA | D | L000486 | 5 | Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to provide insurance for the full amount of public funds deposited in insured banks, thrift institutions, and credit unions. Repeals the restriction on the Federal Deposit Insurance Corporation's authority to limit the aggregate amount of funds that may be deposited in insured banks. | 2024-02-06T19:38:08Z | |
| 96-s-2874 | 96 | s | 2874 | A bill to amend the Bank Holding Company Act of 1956 to limit the property and casualty and life insurance activities of bank holding companies and their subsidiaries. | Finance and Financial Sector | 1980-06-25 | 1980-06-25 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 6 | Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling insurance as principals, agents or brokers, except: (1) where the insurance secures an extension of credit in the event of death or disability of the debtor; (2) where the insurance is declining balance credit property insurance, sold by a subsidiary finance company, to protect against loss or damage to collateral securing an extension of credit of $10,000 for less (adjusted by the Consumer Price Index with 1980 as the base year); (3) any insurance agency activity in a community of less than 5,000 which has inadequate insurance agency facilities; (4) any insurance agency activity lawfully engaged in by a bank holding company on June 6, 1978, or by a subsidiary finance company acquired between June 6, 1978, and June 6, 1979; (5) certain supervisory activity over agents who sell insurance covering a holding company's property and employees; and (6) any insurance agency activity, except the sale of unauthorized life insurance or annuities, conducted by a bank holding company or its subsidiary which has less than $50,000,000 in total assets. | 2025-01-14T18:20:21Z | |
| 96-sres-477 | 96 | sres | 477 | A resolution relating to credit controls. | Finance and Financial Sector | 1980-06-25 | 1980-06-25 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Byrd, Robert C. [D-WV] | WV | D | B001210 | 28 | Urges the Board of Governors of the Federal Reserve System to dismantle consumer credit controls and to discourage the provision of credit for speculative, nonproductive purposes. | 2025-01-14T18:20:21Z | |
| 96-s-2800 | 96 | s | 2800 | A bill to provide for full insurance for deposits of public funds in insured banks, thrift institutions, and credit unions. | Finance and Financial Sector | 1980-06-09 | 1980-06-09 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Magnuson, Warren G. [D-WA] | WA | D | M000053 | 3 | Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to provide insurance for the full amount of public funds deposited in insured banks, thrift institutions, and credit unions. Repeals the restriction on the Federal Deposit Insurance Corporation's authority to limit the aggregate amount of funds that may be deposited in insured banks. | 2025-01-14T18:20:21Z | |
| 96-hr-7516 | 96 | hr | 7516 | A bill to amend the Trust Indenture Act of 1939 to make the small offering exemption under section 3(a)(8) of such Act consistent with the small offering exemption under the Securities Act of 1933, to increase the amount of the small offering exemption under section 3(a)(9) of the Trust Indenture Act of 1939, and for other purposes. | Finance and Financial Sector | 1980-06-05 | 1980-06-05 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Staggers, Harley O. [D-WV-2] | WV | D | S000778 | 1 | Amends the Trust Indenture Act of 1939 to make the small offerings exemption from registration of securities not issued under an indenture consistent with the same exemption under the Securities Act of 1933. Increases the small offerings exemption from registration of securities issued under an indenture from $1,000,000 to $10,000,000 (or a lesser amount as the Securities and Exchange Commission may establish). | 2024-02-05T14:30:09Z | |
| 96-hr-7419 | 96 | hr | 7419 | A bill to amend the Federal Reserve Act to impose reserve requirements on money market mutual funds. | Finance and Financial Sector | 1980-05-21 | 1980-05-21 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Neal, Stephen L. [D-NC-5] | NC | D | N000016 | 0 | Amends the Federal Reserve Act to require money market mutual funds to maintain reserves equivalent to those imposed on transaction accounts. | 2024-02-06T19:38:08Z | |
| 96-hr-7397 | 96 | hr | 7397 | Securities Small Offering Improvements Act | Finance and Financial Sector | 1980-05-20 | 1980-05-20 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Rinaldo, Matthew J. [R-NJ-12] | NJ | R | R000262 | 0 | Securities Small Offering Improvements Act - Amends the Securities Act of 1933 to increase the aggregate value of securities which may be exempted from registration from $2,000,000 to $5,000,000. | 2025-09-02T13:54:45Z | |
| 96-s-2716 | 96 | s | 2716 | An original bill to authorize appropriations for flood mapping studies for fiscal year 1981. | Finance and Financial Sector | 1980-05-15 | 1980-06-21 | Measure indefinitely postponed in Senate. | Senate | Sen. Stewart, Donald [D-AL] | AL | D | S000907 | 0 | Amends the National Flood Insurance Act of 1968 to authorize appropriations for fiscal year 1981 for flood insurance program studies. | 2025-01-14T18:20:21Z | |
| 96-sres-434 | 96 | sres | 434 | A resolution relating to Federal Reserve Board nominees. | Finance and Financial Sector | 1980-05-15 | 1980-05-15 | Measure passed Senate. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 17 | Declares that continued insensitivity to the statutory requirements for nominees to the Federal Reserve Board shall not be overlooked by the Senate Committee on Banking, Housing and Urban Affairs or by the U.S. Senate. | 2021-06-14T19:51:55Z | |
| 96-hr-7339 | 96 | hr | 7339 | Fair Credit Practices Act | Finance and Financial Sector | 1980-05-14 | 1980-05-14 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 1 | Fair Credit Practices Act - Amends the Truth in Lending Act to prohibit any change in an open end credit plan which would affect credit extended before the change by: (1) increasing the annual percentage rate, the finance charge, the minimum periodic payment, or any other charge, penalty, or fee; (2) imposing any new charge, penalty, or fee; (3) reducing any grace period free from finance charge assessments; or (4) decreasing the period between payments or the maximum maturity of any extension of credit. Requires written notice of any change 60 days prior to its effective date. Prohibits the Board of Governors of the Federal Reserve System from issuing regulations affecting the amendments made by this Act. Prohibits the issuance of credit cards without a request or application for such card after a card issuer transfers or otherwise assigns an open end credit plan. Gives this Act retroactive effect to April 15, 1980. Imposes no criminal liability for violations of this Act until its enactment. | 2025-09-02T13:54:41Z | |
| 96-hr-7340 | 96 | hr | 7340 | Cash Discount Act | Finance and Financial Sector | 1980-05-14 | 1980-06-04 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 6 | Cash Discount Act - Amends the Truth in Lending Act to provide that any discount, given by a seller to a buyer to induce payment in cash or by other means not involving an open end credit plan or a credit card, shall not constitute a finance charge. Requires the seller to make known to buyers the availability of such a discount. Repeals requirements that such a discount not exceed five percent. Repeals the authority of the Board to promulgate regulations characterizing cash discounts as finance charges under the Truth in Lending Act or State usury and credit disclosure laws. Defines "regular price" as: (1) the single posted price; or (2) the price paid using an open end credit plan or a credit card if no price is posted or two prices are posted. | 2025-09-02T13:54:42Z | |
| 96-s-2699 | 96 | s | 2699 | Small Business Issuers' Simplification Act of 1980 | Finance and Financial Sector | 1980-05-14 | 1980-05-14 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 4 | Small Business Issuers' Simplification Act of 1980 - Amends the Securities Act of 1933 to allow small issuers to make offerings of their securities to accredited investors without filing a registration statement, provided there is no advertising or public solicitation in connection with the transaction. Permits an accredited investor who acquires securities in such a transaction to resell such securities to other accredited investors without filing a registration statement under the exemption for transactions not involving an underwriter. Defines the term "accredited investor" to include specified institutional investors and any person purchasing at least $100,000 of securities in such an offering by a small issuer. Requires a small issuer to meet two of the three following criteria in order to qualify for the exemption provided by this Act: (1) assets at the end of its fiscal year of less than $15,000,000; (2) gross revenues in each of its last two fiscal years of less than $30,000,000; and (3) no more than 500 shareholders of any class of its securities. Empowers the Securities and Exchange Commission to revise the definitions and criteria established by this Act. | 2025-09-02T13:56:54Z | |
| 96-s-2704 | 96 | s | 2704 | A bill to amend the Federal Reserve Act to authorize the Board of Governors of the Federal Reserve System to establish margin requirements for transactions in financial instruments. | Finance and Financial Sector | 1980-05-14 | 1980-05-14 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 0 | Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to regulate: (1) the terms, conditions and amounts of credit for acquiring any financial instrument, not already subject to the margin requirements of the Securities Exchange Act of 1934; and (2) minimum deposits to be furnished when purchasing a futures contract involving such financial instruments. Requires persons subject to such regulations to furnish the Board with necessary information. Authorizes the Board to bring action in U.S. district courts to enjoin any violation of such regulations. Sets forth criminal penalties for violations of such regulations. | 2025-01-14T18:20:21Z | |
| 96-s-2670 | 96 | s | 2670 | A bill to authorize appropriations for the studies under the National Flood Insurance Act of 1968 for the fiscal years 1981 and 1982. | Finance and Financial Sector | 1980-05-07 | 1980-05-07 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Stewart, Donald [D-AL] | AL | D | S000907 | 0 | Authorizes appropriations for fiscal year 1981 for flood insurance program studies. Authorizes necessary appropriations for fiscal year 1982. | 2025-01-14T18:20:21Z | |
| 96-s-2653 | 96 | s | 2653 | Interest Rate Reduction and Personal Savings and Retirement Enhancement Act | Finance and Financial Sector | 1980-05-05 | 1980-05-05 | Referred to Senate Committee on Finance. | Senate | Sen. Melcher, John [D-MT] | MT | D | M000635 | 0 | Interest Rate Reduction and Personal Savings and Retirement Enhancement Act - Declares that: (1) within 90 days after enactment of this Act, the rediscount rate of the Federal Reserve Board will be no higher than 11 1/2 percent; (2) within 180 days after enactment it will be no higher than nine-and-one-half percent; and that (3) for an additional 180 days it will remain no higher than that, at least until June 30, 1981. Amends the Internal Revenue Code to allow a tax credit equal to seven percent of the amounts paid by an individual during the taxable year (not to exceed $126, or $252 for a married individual filing a joint return) for the purchase of special emergency savings certificates. Limits such credit to the purchase of certificates of deposit issued by a savings bank with a face value of $50 or $100, bearing interest at either five percent (for a $50 certificate) or six percent (for a $100 certificate), for a term of one year. Requires purchase of such certificate within 180 days after enactment of this Act. Increases the deductible amount of contributions by or on behalf of an individual to an individual retirement savings account from 15 percent to 20 percent, with an increased maximum amount of $2,000 for single individuals, $2,400 for married individuals. Repeals the current prohibition on participation in other retirement programs. Allows the transfer of funds from special emergency savings certificates to individual retirement accounts within the first 360 days after enactment of this Act. | 2025-09-02T13:56:53Z | |
| 96-hr-7183 | 96 | hr | 7183 | A bill to provide the Commodity Futures Trading Commission with standby authority to set margin requirements on the trading in commodities. | Finance and Financial Sector | 1980-04-29 | 1980-04-29 | Referred to House Committee on Agriculture. | House | Rep. Glickman, Dan [D-KS-4] | KS | D | G000240 | 7 | Amends the Commodity Exchange Act to authorize the Commodity Futures Trading Commission to direct the contract market to set margin requirements for the trading and clearing of any contract for future delivery of a commodity as the Commission shall specify whenever the Commission determines such action is necessary or appropriate to protect producers and traders in such commodity. | 2024-02-05T11:45:06Z | |
| 96-hr-7185 | 96 | hr | 7185 | National Usury Act | Finance and Financial Sector | 1980-04-29 | 1980-04-29 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Hammerschmidt, John P. [R-AR-3] | AR | R | H000124 | 0 | National Usury Act - Establishes the legal rate of interest at ten percent per year. Provides that, except with respect to loans of less than $2,500 made by petty loan companies or credit unions: (1) any agreement to charge interest in excess of ten percent per year on a loan of more than $300 is void as to the excess interest which may be recovered by the borrower; and (2) any partial payment on a debt must be first applied to the interest due. Prohibits the defense of usury in any action to recover on a debt. States that insurance premiums required to be paid under a secured loan agreement shall not be considered interest if the premiums do not exceed those charged under similar policies unrelated to loans. Sets forth provisions governing the application of the legal rate of interest to judgments. Requires any person engaged in the business of financing loans on personal property sold by dealers to purchasers on credit to pay interest at five percent per year on any reserve withheld from the dealer under the contract for financing. States that any amount so withheld shall be due immediately upon the close of the loan account. Requires that dealers receive biannual reports on the status of their reserve accounts. Establishes a fine for violation of such provisions on dealer financing. Requires the board of directors of any institution which deals in bills of exchange to fix the rates of exchange. Requires such rates to be publicly posted. Prohibits any officer of such an institution from deviating from the posted rate of exchange. Sets forth provisions governing secured and unsecured installment loans given by banks, trust companies, and combined banks and trust companies. | 2025-09-02T13:54:41Z | |
| 96-hr-7202 | 96 | hr | 7202 | Federal Reserve Act Amendments of 1980 | Finance and Financial Sector | 1980-04-29 | 1980-04-29 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Watkins, Wes [D-OK-3] | OK | D | W000194 | 12 | Federal Reserve Act Amendments of 1980 - Amends the Federal Reserve Act to reduce the term of office for members of the Board of Governors of the Federal Reserve System from 14 years to seven years. Requires at least three members on the Board from the agricultural, industrial, commercial, or small banking sectors. | 2025-09-02T13:54:38Z | |
| 96-hr-7161 | 96 | hr | 7161 | National Usury Act | Finance and Financial Sector | 1980-04-24 | 1980-04-24 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Harsha, William H. [R-OH-6] | OH | R | H000281 | 0 | National Usury Act - Establishes the legal rate of interest at ten percent per year. Provides that, except with respect to loans of less than $2,500 made by petty loan companies or credit unions: (1) any agreement to charge interest in excess of ten percent per year on a loan of more than $300 is void as to the excess interest which may be recovered by the borrower; and (2) any partial payment on a debt must be first applied to the interest due. Prohibits the defense of usury in any action to recover on a debt. States that insurance premiums required to be paid under a secured loan agreement shall not be considered interest if the premiums do not exceed those charged under similar policies unrelated to loans. Sets forth provisions governing the application of the legal rate of interest to judgments. Requires any person engaged in the business of financing loans on personal property sold by dealers to purchasers on credit to pay interest at five percent per year on any reserve withheld from the dealer under the contract for financing. States that any amount so withheld shall be due immediately upon the close of the loan account. Requires that dealers receive biannual reports on the status of their reserve accounts. Establishes a fine for violation of such provisions on dealer financing. Requires the board of directors of any institution which deals in bills of exchange to fix the rates of exchange. Requires such rates to be publicly posted. Prohibits any officer of such an institution from deviating from the posted rate of exchange. Sets forth provisions governing secured and unsecured installment loans given by banks, trust companies, and combined banks and trust companies. | 2025-09-02T13:54:41Z | |
| 96-s-2575 | 96 | s | 2575 | A bill to protect depositors, creditors and Federal deposit insurance funds, to prevent significant disruptions in financial services, and for other purposes. | Finance and Financial Sector | 1980-04-17 | 1980-04-17 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 0 | Amends the Bank Holding Act of 1956 to authorize the Board of Governors of the Federal Reserve System to permit any bank holding company to acquire voting shares, interests in, or assets of any additional bank located outside the State in which such company's banking subsidiaries are principally conducted. Requires the Federal Financial Institutions Examination Council to be satisfied that an emergency exists with regard to the additional bank and a transaction involving an intrastate purchaser of such bank would not be in the public interest. Directs the Board to consider the possible adverse effects of any proposed transaction upon competition or upon the concentration of resources in any State, region, or the nation. Permits the Board to dispense with notice and hearing requirements if an emergency exists requiring immediate action. Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to make loans to, purchase the assets of, or make deposits in insured banks when severe economic conditions exist which threaten the stability of insured banks in a large geographic region and such action will reduce the risk to the FDIC. Permits the FDIC to make loans or purchase assets to facilitate a merger or a sale of the assets and an assumption of the liabilities of an insured bank with or by a savings and loan association as well as another insured bank. Amends the National Housing Act to authorize the Federal Savings and Loan Insurance Corporation (FSLIC) to permit any savings and loan holding company to acquire voting shares, interests in, or assets of any additional insured institution (including Federal stock savings banks and State-chartered mutual savings bank) located outside the State in which the principal savings and loan business of such company is conducted under the same circumstances in which a bank holding company may acquire an out-of-State bank. Amends the Federal Home Loan Bank Act to authorize the Federal Home Loan Bank Board to suspend temporarily the… | 2025-01-14T18:20:21Z | |
| 96-hr-7073 | 96 | hr | 7073 | A bill to amend the Federal Trade Commission Act to provide that violations, by retail credit card issuers, of certain State laws relating to credit card transactions shall be treated as unfair or deceptive acts or practices subject to the remedies established in such Act, and for other purposes. | Finance and Financial Sector | 1980-04-16 | 1980-04-16 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Eckhardt, Bob [D-TX-8] | TX | D | E000035 | 1 | Amends the Federal Trade Commission Act to provide that the following actions by a credit card issuer which is subject to the authority of the Federal Trade Commission shall be considered an unfair or deceptive act or practice in or affecting commerce: (1) violation of any State law relating to the issuance of credit cards; (2) violation of the terms of any credit transaction agreement; and (3) the attempt to impose or enforce additional or modified terms affecting any outstanding balance pursuant to such an agreement without obtaining the express written consent of the credit card holder. | 2024-02-05T14:30:09Z | |
| 96-hr-7080 | 96 | hr | 7080 | A bill to protect depositors, creditors and Federal deposit insurance funds, to prevent significant disruptions in financial services, and for other purposes. | Finance and Financial Sector | 1980-04-16 | 1980-04-16 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Reuss, Henry S. [D-WI-5] | WI | D | R000165 | 4 | Amends the Bank Holding Company Act of 1956 to authorize the Board of Governors of the Federal Reserve System to permit any bank holding company to acquire voting shares, interests in, or assets of any additional bank located outside the State in which such company's banking subsidiaries are principally conducted. Requires the Federal Financial Institutions Examination Council to be satisfied that an emergency exists with regard to the additional bank and a transaction involving an intrastate purchaser of such bank would not be in the public interest. Directs the Board to consider the possible adverse effects of any proposed transaction upon competition or upon the concentration of resources in any State, region, or the nation. Permits the Board to dispense with notice and hearing requirements if an emergency exists requiring immediate action. Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to make loans to purchase the assets of, or make deposits in, insured banks when severe economic conditions exists which threaten the stability of insured banks in a large geographic region and such action will reduce the risk to the FDIC. Permits the FDIC to make loans or purchase assets to facilitate a merger or a sale of the assets and an assumption of the liabilities of an insured bank with or by a savings and loan association as well as another insured bank. Amends the National Housing Act to authorize the Federal Savings and Loan Insurance Corporation (FSLIC) to permit any savings and loan holding company to acquire voting shares, interests in, or assets of any additional insured institution (including Federal stock savings banks and State-chartered mutual savings bank) located outside the State in which the principal savings and loan business of such company is conducted under the same circumstances in which a bank holding company may acquire an out-of-State bank. Amends the Federal Home Loan Bank Act to authorize the Federal Home Loan Bank Board to suspend tempor… | 2024-02-06T19:38:08Z | |
| 96-hres-639 | 96 | hres | 639 | A resolution expressing the sense of the House that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | Finance and Financial Sector | 1980-04-16 | 1980-04-16 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Rinaldo, Matthew J. [R-NJ-12] | NJ | R | R000262 | 0 | Expresses the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | 2024-02-06T19:38:08Z | |
| 96-hr-7038 | 96 | hr | 7038 | Fair Credit Practices Act | Finance and Financial Sector | 1980-04-15 | 1980-04-15 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 2 | Fair Credit Practices Act - Amends the Truth in Lending Act to prohibit any change in an open end credit plan which would affect credit extended before the change by: (1) increasing the annual percentage rate, the finance charge, the minimum periodic payment, or any other charge, penalty, or fee; (2) imposing any new charge, penalty, or fee; (3) reducing any grace period free from finance charge assessments; or (4) decreasing the period between payments or the maximum maturity of any extension of credit. Requires written notice of any change 60 days prior to its effective date. Prohibits the Board of Governors of the Federal Reserve System from issuing regulations affecting the amendments made by this Act. Gives this Act retroactive effect to April 15, 1980. Imposes no criminal liability for violations of this Act until its enactment. | 2025-09-02T13:54:33Z | |
| 96-hres-635 | 96 | hres | 635 | A resolution expressing the sense of the House that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | Finance and Financial Sector | 1980-04-15 | 1980-04-15 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 40 | Expresses the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | 2024-02-06T19:38:08Z | |
| 96-hr-7001 | 96 | hr | 7001 | Federal Reserve Modernization Act | Finance and Financial Sector | 1980-04-01 | 1980-04-01 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Reuss, Henry S. [D-WI-5] | WI | D | R000165 | 2 | Federal Reserve Modernization Act - -Title I: Retirement of Federal Reserve Bank Stock - Amends the Federal Reserve Act to eliminate the requirement that a bank subscribe for the stock of the Federal Reserve bank in its district in order to become a member in the Federal Reserve System. Requires that such banks receive certificates of membership which shall be retired upon termination of a bank's status as a member. Prohibits for the retirement of existing stock subscriptions over a five-year period consistent with the operation of the Federal budget and monetary control policies of the Board of Governors of the Federal Reserve System. Title II: Structural Changes in the Federal Reserve System - Eliminates the Federal Open Market Committee and places authority for the conduct of open-market operations in the Board of Governors. Requires the president of each Federal Reserve district to be the district's member on the Federal Advisory Council. Requires that each president be a bona fide resident of the district involved. Repeals the requirement that appointments to the Federal Advisory Council be approved by the Board of Governors. Directs the Federal Reserve System to conduct its affairs to foster the policies of the Employment Act of 1946 and the Full Employment and Balanced Growth Act of 1978, particularly those relating to a stable price level and on improved national economic structure. Title III: Effective Date - Sets forth the effective dates of the provisions of this Act. | 2025-09-02T13:54:33Z | |
| 96-s-2515 | 96 | s | 2515 | Government Guaranteed Securities Acts Amendments of 1980 | Finance and Financial Sector | 1980-04-01 | 1980-04-01 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Williams, Harrison A., Jr. [D-NJ] | NJ | D | W000502 | 0 | Government-Guaranteed Securities Acts Amendments of 1980 - Amends the Securities and Exchange Act of 1934 to establish a means for regulating trading in securities which are guaranteed by the Government National Mortgage Association, issued or guaranteed by the Federal Home Loan Mortgage Corporation, or guaranteed as to principal or interest by any other instrumentality of the United States. Authorizes the Secretary of the Treasury, in consultation with the Securities and Exchange Commission (SEC), to include other securities in which the United States has an interest within the coverage of this Act as governmental-guaranteed securities. Requires any dealer in such securities (including an identifiable division of a bank) to register with the SEC in order to lawfully engage in interstate trading. Sets forth standards for granting, suspending, or revoking such registered status. Empowers the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Board of Directors of the Federal Deposit Insurance Corporation to impose sanctions on national banks, State member banks, and insured banks for unauthorized activities in the trading of public securities. Directs the SEC to promulgate rules to: (1) control fraudulent, manipulative, and deceptive practices with respect to transactions in government securities; and (2) provide for the maintenance of orderly markets and prompt settlement of transactions in such securities. Stipulates that such authority of the SEC does not affect the authority of the Board of Governors of the Federal Reserve System with respect to margin requirements. Directs the SEC to establish a seven-member Government Securities Rulemaking Board to promulgate rules governing transactions in government-guaranteed securities. Requires such rules to include regulations with respect to: (1) the qualifications of dealers; (2) procedures of the Board; (3) fraud and manipulative practices and principles of trade; (4) underwriting and selling practices including minimum p… | 2025-09-02T13:56:48Z | |
| 96-hr-6928 | 96 | hr | 6928 | Cash Discount Act | Finance and Financial Sector | 1980-03-26 | 1980-03-26 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 2 | Cash Discount Act - Amends the Truth in Lending Act to provide that any discount, given by a seller to a buyer to induce payment in cash or by other means not involving a credit card, shall not constitute a finance charge. Repeals requirements that such a discount: (1) not exceed five percent; (2) be offered to all prospective buyers; and (3) be adequately disclosed in accordance with regulations of the Board of Governors of the Federal Reserve System. Repeals the authority of the Board to promulgate regulations characterizing cash discounts as finance charges under the Truth in Lending Act or State usury and credit disclosure laws. | 2025-09-02T13:54:33Z | |
| 96-hr-6944 | 96 | hr | 6944 | National Usury Act | Finance and Financial Sector | 1980-03-26 | 1980-03-26 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Snyder, M. G. (Gene) [R-KY-4] | KY | R | S000669 | 24 | National Usury Act - Establishes the legal rate of interest at ten percent per year. Provides that, except with respect to loans of less than $2,500 made by petty loan companies or credit unions: (1) any agreement to charge interest in excess of ten percent per year on a loan of more than $300 is void as to the excess interest which may be recovered by the borrower; and (2) any partial payment on a debt must be first applied to the interest due. Prohibits the defense of usury in any action to recover on a debt. States that insurance premiums required to be paid under a secured loan agreement shall not be considered interest if the premiums do not exceed those charged under similar policies unrelated to loans. Sets forth provisions governing the application of the legal rate of interest to judgments. Requires any person engaged in the business of financing loans on personal property sold by dealers to purchasers on credit to pay interest at five percent per year on any reserve withheld from the dealer under the contract for financing. States that any amount so withheld shall be due immediately upon the close of the loan account. Requires that dealers receive biannual reports on the status of their reserve accounts. Establishes a fine for violation of such provisions on dealer financing. Requires the board of directors of any institution which deals in bills of exchange to fix the rates of exchange. Requires such rates to be publicly posted. Prohibits any officer of such an institution from deviating from the posted rate of exchange. Sets forth provisions governing secured and unsecured installment loans given by banks, trust companies, and combined banks and trust companies. | 2025-09-02T13:54:33Z | |
| 96-sres-392 | 96 | sres | 392 | A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | Finance and Financial Sector | 1980-03-26 | 1980-03-26 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Magnuson, Warren G. [D-WA] | WA | D | M000053 | 20 | Expresses the sense of the Senate that the Board of Governors of the Federal Reserve System should immediately take steps to reduce interest rates. | 2025-01-14T18:20:21Z | |
| 96-s-2474 | 96 | s | 2474 | Insurance Competition Improvement Act | Finance and Financial Sector | 1980-03-25 | 1980-03-25 | Referred to Senate Committee on Commerce, Science, and Transportation. | Senate | Sen. Metzenbaum, Howard M. [D-OH] | OH | D | M000678 | 0 | Insurance Competition Improvement Act - Amends the McCarran-Ferguson Act to direct the several States to regulate the business of insurance in accordance with the provisions of this Act. Prohibits the joint gathering of insurers to make use of joint loss data for the purpose of setting the price of any insurance coverage, unless such use is essential to the operation of that insurer's business because of lack of actuarial credibility. Prohibits such joint gathering for the purpose of disseminating information on any expenses incurred in sales or underwritings or for the purpose of calculating insurance rates. Provides that specified sections of the Federal Trade Commission Act shall not be applicable to the insurance business to the extent such business is regulated by State law in accordance with this Act. Sets forth definitions of terms used in this Act. Prohibits discrimination by insurers in the sale, issuance, underwriting, rating, or processing of any insurance policy. Disallows the use of statistics showing group losses, except in the case of occupational duties. Provides that no insurer may cancel, fail to renew, or make available any coverage made available to other policyholders except under the following conditions: (1) nonpayment of premiums; (2) fraud or misrepresentation in applications or claims; (3) unlicensed drivers, in the case of automobile insurance; (4) uninsurable risks; and (5) insurer's exhaustion of its capital capacity. Directs that any cancellation or nonrenewal notice issued shall state fully the reasons for such cancellation, and any refusal to insure shall provide timely notice and the reasons therefor. Entitles the insured or applicant to a review by an appropriate State official upon receipt of any such notice. Prohibits the use of classification categories or territorial distinctions unless approved by the appropriate State official. Sets forth standards under which such official shall determine approval. Declares that, with respect to automobile insurance, merit rating plans… | 2025-09-02T13:56:51Z | |
| 96-s-2477 | 96 | s | 2477 | Nondiscrimination in Insurance Act of 1979 | Finance and Financial Sector | 1980-03-25 | 1980-03-25 | Referred to Senate Committee on the Judiciary. | Senate | Sen. Hatfield, Mark O. [R-OR] | OR | R | H000343 | 5 | Nondiscrimination in Insurance Act - Prohibits discrimination on the basis of race, color, religion, sex, or national origin with respect to the issuance or terms of insurance contracts. Permits insurers who regularly provide insurance solely to persons of a single religious affiliation to continue to do so. Allows any person who is aggrieved by any violation of this Act to maintain a civil action in an appropriate State or Federal court. Sets forth the recovery allowed in such an action, including injunctive relief and punitive damages. Authorizes the Commissioner and Attorney General of each State to enforce the discriminatory prohibitions established by this Act. Permits the Commissioner to issue cease and desist orders and the Attorney General to intervene in administrative proceedings, seek injunctive relief, order restitution, and impose fines. Stipulates that no action may be maintained in Federal court if a State has enacted into law the provisions of this Act and has established administrative procedures to consider violations. Authorizes the Attorney General of the United States, whenever there is reasonable cause to believe that any insurer or other person is engaged in a pattern or practice of resistance to the full enjoyment of the rights granted by this Act or that any group has been denied such rights and an issue of general public importance is raised, to bring a civil action in Federal court to seek injunctive or other appropriate relief. | 2025-09-02T13:56:51Z | |
| 96-hr-6831 | 96 | hr | 6831 | A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers. | Finance and Financial Sector | 1980-03-17 | 1980-03-17 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Staggers, Harley O. [D-WV-2] | WV | D | S000778 | 3 | Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash. | 2024-02-05T14:30:09Z | |
| 96-hr-6781 | 96 | hr | 6781 | National Usury Act | Finance and Financial Sector | 1980-03-11 | 1980-03-11 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Snyder, M. G. (Gene) [R-KY-4] | KY | R | S000669 | 9 | National Usury Act - Establishes the legal rate of interest at ten percent per year. Provides that, except with respect to loans of less than $2,500 made by petty loan companies or credit unions: (1) any agreement to charge interest in excess of ten percent per year on a loan of more than $300 is void as to the excess interest which may be recovered by the borrower; and (2) any partial payment on a debt must be first applied to the interest due. Prohibits the defense of usury in any action to recover on a debt. States that insurance premiums required to be paid under a secured loan agreement shall not be considered interest if the premiums do not exceed those charged under similar policies unrelated to loans. Sets forth provisions governing the application of the legal rate of interest to judgments. Requires any person engaged in the business of financing loans on personal property sold by dealers to purchasers on credit to pay interest at five percent per year on any reserve withheld from the dealer under the contract for financing. States that any amount so withheld shall be due immediately upon the close of the loan account. Requires that dealers receive biannual reports on the status of their reserve accounts. Establishes a fine for violation of such provisions on dealer financing. Requires the board of directors of any institution which deals in bills of exchange to fix the rates of exchange. Requires such rates to be publicly posted. Prohibits any officer of such an institution from deviating from the posted rate of exchange. | 2025-09-02T13:54:27Z | |
| 96-hr-6723 | 96 | hr | 6723 | Small Business Investment Incentive Act of 1980 | Finance and Financial Sector | 1980-03-06 | 1980-03-06 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Broyhill, James T. [R-NC-10] | NC | R | B000966 | 3 | Small Business Investment Incentive Act of 1980 - Title I: Amendments to the Securities Act of 1933 - Amends the Securities Act of 1933 to include within the private offering exemption from full registration any transaction involving securities bearing a legend stating that such securities may not be sold or transferred except to accredited investors provided all purchasers of such securities are accredited investors or persons the issuer reasonably believes to be accredited investors and there is no general advertising or solicitation in connection with the transaction. Defines the term "accredited investor" to include banks, insurance companies, registered investment companies, licensed small business investment companies, venture capital companies, any fund, trust, or account administered by a bank or insurance company, and any purchaser of $100,000 or more of the issuer's securities. Exempts from registration, as a transaction not involving an underwriter, any resale of: (1) securities bearing such a restrictive legend sold to accredited investors or persons reasonably believed to be accredited investors; and (2) securities acquired in a private offering by a venture capital company which is an affiliate of the issuer and which has been the beneficial owner of such securities for at least five years. Empowers the Securities and Exchange Commission to limit the availability of such exemption for venture capital companies. Title II: Amendments to the Investment Company Act of 1940 and the Investment Advisers Act of 1940 - Amends the Investment Company Act of 1940 to define a "venture capital company" to include companies which: (1) primarily engage in activities such as providing capital to industry, financing promotional enterprises, purchasing securities for which no ready market exists, or reorganizing companies; and (2) have at least 80 percent of their assets (excluding Government securities, short-term paper, and cash) in securities obtained in connection with a private offering, resale of restricted… | 2025-09-02T13:54:27Z | |
| 96-s-2396 | 96 | s | 2396 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of certain lending or finance businesses for purposes of the tax on personal holding companies. | Finance and Financial Sector | 1980-03-06 | 1980-03-06 | Referred to Senate Committee on Finance. | Senate | Sen. Jepsen, Roger W. [R-IA] | IA | R | J000101 | 0 | Amends the Internal Revenue Code with respect to the exceptions for certain lending or finance businesses from the definition of a personal holding company. Revises the existing formula to increase the overall percentage of deductions directly allocable to a finance business in order to qualify it for exclusion from such definition. Increases from 60 months to 144 months the limitations on the maturity of commercial paper and loans dealt in or made by a qualifying finance business. Excepts from the computation of average maturities all open end credit transactions (revolving credit). | 2021-06-14T20:06:31Z | |
| 96-hr-6669 | 96 | hr | 6669 | A bill to amend the Second Liberty Bond Act to increase the interest rate on United States savings bonds. | Finance and Financial Sector | 1980-02-28 | 1980-02-28 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 1 | Amends the Second Liberty Bond Act to require the interest rate on savings bonds issued after December 31, 1980, to be substantially equivalent to the average investment yield on other obligations of the Treasury with comparable maturities issued during the year preceding the issuance of the savings bonds. Authorizes the Secretary of the Treasury, with the approval of the President, to increase the return on any outstanding savings bond to make it comparable to the investment yield on such newly issued bonds. | 2024-02-07T16:32:33Z | |
| 96-s-2359 | 96 | s | 2359 | Fair Commercial Reporting Practices Act of 1980 | Finance and Financial Sector | 1980-02-28 | 1980-02-28 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Weicker, Lowell P., Jr. [R-CT] | CT | R | W000253 | 1 | Fair Commercial Reporting Practices Act of 1980 - Sets forth rights and procedures applicable to businesses which are the subject of commercial credit reports. Excludes from the coverage of this Act any consumer reporting agency, consumer report, or user of information which is governed by the Fair Credit Reporting Act. Delimits the circumstances in which a commercial reporting agency may furnish a commercial report. Requires a user of a commercial report to notify a person in writing whenever credit, insurance, or other benefits have been denied (or charges increased) based on a commercial report. Requires such notification to include: (1) the identity of the commercial reporting agency; and (2) such person's right to request a copy of the report and to correct an erroneous report. Requires a commercial reporting agency, upon request of any person, to: (1) disclose all information in its files on such person; (2) permit all such information to be copied; (3) disclose to such person the sources of all information; and (4) disclose the names of all recipients of any commercial report which the agency has furnished within a six-month period. Directs a commercial reporting agency to reinvestigate the status of information which is disputed by any person (unless it has reasonable grounds to believe such dispute is frivolous or irrelevant), and to delete promptly inaccurate or unverifiable information. Entitles a business to file a brief statement of disagreement if such reinvestigation does not resolve the dispute. Requires a commercial reporting agency to maintain reasonable procedures to assure the maximum possible accuracy of its information. Prohibits any such agency from: (1) furnishing adverse information which antedates the commercial report by more than ten years (except with respect to credit transactions or life insurance underwriting involving $500,000 or more); (2) obtaining information by implying that failure to do so will result in adverse consequences; (3) furnishing negative information or recom… | 2025-09-02T13:56:41Z | |
| 96-s-2339 | 96 | s | 2339 | Competitive Export Financing Act of 1980 | Finance and Financial Sector | 1980-02-26 | 1980-02-26 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Stevenson, Adlai E., III [D-IL] | IL | D | S000890 | 7 | Competitive Export Financing Act of 1980 - Amends the Export-Import Bank Act of 1945 to direct the Export-Import Bank to adopt export finance programs comparable in structure to those extraordinary measures of official export credits offered by competing countries, until such financing is limited by international agreements. Requires the Bank to report annually to Congress as to whether any additional appropriations or any increases in its commitment authority or ceiling levels are necessary to carry out this Act. States that this Act shall not take effect until six months after enactment, unless the President defers the effective date for an additional six months. | 2025-09-02T13:56:42Z | |
| 96-hr-6601 | 96 | hr | 6601 | Credit Union Savers Relief Act of 1980 | Finance and Financial Sector | 1980-02-25 | 1980-02-25 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 12 | Credit Union Savers Relief Act of 1980 - Amends the Federal Credit Union Act to establish a maximum interest rate on loans to members of 12 percent per year inclusive of all finance charges. Authorizes the board of directors of each credit union to increase this rate to 15 percent in accordance with regulations promulgated by the National Credit Union Administration Board. Empowers the Board to increase the 15 percent maximum rate for a single, 18-month period if money market interest rates have risen over the preceding six months, and disintermediation threatening credit unions has occurred. Requires the Board to consult with the appropriate committees of the Congress, the Department of the Treasury, and the other Federal agencies regulating financial institutions before exercising such authority. States that required balances need not be considered when determining the interest rate on loans made by agent members of the National Credit Union Administration Central Liquidity Facility. | 2025-09-02T13:54:22Z | |
| 96-hr-6580 | 96 | hr | 6580 | Small Business Issuers' Simplification Act of 1980 | Finance and Financial Sector | 1980-02-22 | 1980-02-22 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Staggers, Harley O. [D-WV-2] | WV | D | S000778 | 1 | Small Business Issuers' Simplification Act of 1980 - Amends the Securities Act of 1933 to allow small issuers to make offerings of their securities to accredited investors without filing a registration statement, provided there is no advertising or public solicitation in connection with the transaction. Permits an accredited investor who acquires securities in such a transaction to resell such securities to other accredited investors without filing a registration statement under the exemption for transactions not involving an underwriter. Defines the term "accredited investor" to include specified institutional investors and any person purchasing at least $100,000 of securities in such an offering by a small issuer. Requires a small issuer to meet two of the three following criteria in order to qualify for the exemption provided by this Act: (1) assets at the end of its fiscal year of less than $15,000,000; (2) gross revenues in each of its last two fiscal years of less than $30,000,000; and (3) no more than 500 shareholders of any class of its securities. Empowers the Securities and Exchange Commission to revise the definitions and criteria established by this Act. | 2025-09-02T13:54:22Z | |
| 96-hr-6547 | 96 | hr | 6547 | Savings and Financial Equality Act of 1980 | Finance and Financial Sector | 1980-02-20 | 1980-02-20 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Hanley, James M. [D-NY-32] | NY | D | H000158 | 0 | Savings and Financial Equality Act of 1980 - Title I: Elimination of Interest Ceilings - Prohibits any differential between the interest rates payable by federally insured banks and thrifts on any type of deposit or account authorized or modified after February 19, 1980. Defines "modification" to include only a one percent change in the interest rate payable on any deposit or account authorized prior to December 31, 1975. Permits the establishment of a differential if the Congress approves a written request of the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank Board. Prohibits any interest rate differential between federally insured banks (other than savings banks) and savings banks having capital stock which are affiliated with insured banks (other than savings banks). Extends the authority of the regulatory agencies to set maximum interest rates on deposits and accounts (Regulation Q) until December 15, 1985. Directs the regulators to increase interest rates on savings deposits by one-half percent within one year. Requires the regulators, through December 31, 1985, to establish equitable interest rate ceilings on time and savings deposits with a view toward elimination of such ceilings on certificates of deposit and a lowering of minimum denominations. Empowers the regulators to proscribe rules governing the advertisement of interest rates after the lapse of Regulation Q on December 15, 1985. Title II: Savings and Loan Association Amendments - Amends the Home Owners' Loan Act of 1933 to empower Federal savings and loan associations to engage in consumer lending and transactions involving commercial paper, corporate debt securities, and bankers acceptances. Authorizes the Federal Home Loan Bank Board to permit Federal savings and loan associations to engage in fiduciary activities if not prohibited by State law. Sets forth provisions governing the exercise of such trust powers. Authorizes any State savings … | 2025-09-02T13:54:22Z | |
| 96-s-2305 | 96 | s | 2305 | A bill to authorize the back side of United States paper money of the denomination of $1 to be printed by a method other than the intaglio process. | Finance and Financial Sector | 1980-02-19 | 1980-02-19 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 0 | Amends the Federal Reserve Act to permit the back side of one-dollar bills to be printed by a method other than the intaglio process. | 2025-01-14T18:20:21Z | |
| 96-hr-6503 | 96 | hr | 6503 | Interest Rate Equalization Act of 1980 | Finance and Financial Sector | 1980-02-13 | 1980-02-13 | Referred to House Committee on Small Business. | House | Rep. Alexander, Bill [D-AR-1] | AR | D | A000103 | 15 | Interest Rate Equalization Act of 1980 - Title I: Interest Rate Amendments Regarding State Usury Ceilings on Certain Loans - Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to permit federally insured banks, savings and loan associations, credit unions, and approved mortgagees under Federal mortgage insurance programs to charge interest at one percent in excess of the discount rate in effect in their Federal Reserve districts notwithstanding lower State usury ceilings. Penalizes the charging of interest in excess of such rate by forfeiture of the creditor's entire interest in the indebtedness. Terminates such preemption of State law on July 1, 1982. Amends the Small Business Investment Company Act of 1958 to permit qualified small business investment companies to charge interest on business loans at a rate equal to the lower of the following, if such rate would be higher than an applicable State usury law: (1) the maximum rate prescribed by regulation of the Small Business Administration for loans made by any small business investment company determined without regard to any State rate incorporated by such regulation; or (2) the higher of the Federal Reserve discount rate plus one percent or the applicable State usury ceiling. Terminates such preemption of State law on July 1, 1982. Establishes penalties for the charging of interest in excess of such ceilings. Authorizes a small business company aggrieved by a violation of this Act to recover twice the amount of the interest paid on a usurious loan by bringing a civil action in an appropriate court. Title II: Applicability of State Usury Ceilings to Certain Obligations Issued by Banks and Affiliates - Amends the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act to preclude specified financial institutions from pleading or claiming with respect to any deposit or obligation of such institution any defense or right under any State law regulating interest rates. Susp… | 2025-09-02T13:54:18Z | |
| 96-hr-6350 | 96 | hr | 6350 | A bill to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings shall be published on a deferred basis. | Finance and Financial Sector | 1980-01-30 | 1980-01-30 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Mitchell, Parren J. [D-MD-7] | MD | D | M000826 | 7 | Amends the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings be released to the general public four years after the calendar year in which they occur. Authorizes the Board of Governors of the Federal Reserve System to delete information from such minutes which concerns foreign countries, central banks of foreign countries, or international institutions in which foreign countries or foreign central banks constitute a majority of the membership. Directs the Board to: (1) note such deletions in the minutes of the meeting to which they relate; (2) review such deletions for publication 15 years after such meeting; and (3) publish such deletions no later than 30 years after such meeting. Directs the Board to publish, within six months after the enactment of this Act, all previously unreleased minutes of Open Market Committee Meetings held prior to April 1, 1976. | 2024-02-06T19:38:08Z | |
| 96-s-2236 | 96 | s | 2236 | A bill to amend the Currency and Foreign Transactions Reporting Act to provide for more efficient enforcement, and for other purposes. | Finance and Financial Sector | 1980-01-30 | 1980-01-30 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | Amends the Currency and Foreign Transactions Reporting Act to extend the current reporting requirement to include persons attempting to transport monetary instruments into or from the United States. Revises the forfeiture provision to subject monetary instruments to seizure only if the person required to file a report knowingly fails to do so. Authorizes any customs officer who has reasonable cause to suspect that monetary instruments are being transported for which a report is required to search any vehicle, vessel, aircraft, envelope or other container, or person entering or departing from the United States, without a search warrant. Authorizes the Secretary of the Treasury to pay a reward to any individual providing original information which leads to a recovery of at least $50,000 by way of a criminal fine, civil penalty, or forfeiture for a violation of such Act. Makes ineligible for such payment any Federal, State, or local government employee who furnishes information in the performance of official duties. | 2025-01-14T18:20:21Z | |
| 96-hr-6198 | 96 | hr | 6198 | Thrift Equality and Deregulation Act of 1980 | Finance and Financial Sector | 1979-12-20 | 1979-12-20 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 0 | Thrift Equality and Deregulation Act of 1980 - Title I: Elimination of Interest Ceilings - Requires the maximum interest rate on each category of bank deposits (Regulation Q) to be increased by at least one-half of one percentage point every year beginning in 1980 and extending through 1985. Authorizes the Board of Governors of the Federal Reserve System to postpone or reduce such an increase if such action is warranted by economic conditions or is necessary to avoid a threat to the economic viability of depository institutions (insured banks, mutual savings banks, savings banks, member banks in the Federal Reserve System, insured savings and loan associations, and insured credit unions). Requires the Board to consult with the Board of Directors of the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration Board in exercising its authority to postpone or reduce interest rate increases under Regulation Q. Directs the Board to report immediately to the Congress if such authority is exercised. Requires the Board, in consultation with such other agencies, to report to Congress if it is economically feasible or desirable to accelerate such increases in maximum rates of interest. Prohibits the agencies responsible for the regulation of depository institutions from approving, during the five-year period of scheduled increases in interest rates, any new deposit or account bearing a lower rate than that existing on deposits or accounts of comparable maturities. Sets forth a five-year schedule for the elimination of interest rate controls under Regulation Q beginning on July 1, 1980, with rate ceilings on: (1) time deposits which mature in six years or more; (2) individual retirement accounts; and (3) pension fund accounts. Eliminates the authority to establish rate ceilings for all time deposits by July 1, 1984. Terminates such authority with respect to savings accounts, negotiable order of withdrawal accounts, and share draft accounts on July 1, 1985. A… | 2025-09-02T13:54:12Z | |
| 96-hr-6214 | 96 | hr | 6214 | A bill to amend the Gold Reserve Act of 1934 to impose certain restrictions on the purchase and sale of gold by the United States. | Finance and Financial Sector | 1979-12-20 | 1979-12-20 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Mottl, Ronald M. [D-OH-23] | OH | D | M001044 | 0 | Amends the Gold Reserve Act of 1934 to require Congressional authorization of all sales and purchases of gold on behalf of the United States except for those effectuated to maintain or establish a permanent relationship between the dollar and a specified quantity of gold. | 2024-02-06T19:38:08Z | |
| 96-hr-6216 | 96 | hr | 6216 | Consumer Savings Account Equity Act | Finance and Financial Sector | 1979-12-20 | 1979-12-20 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Patterson, Jerry M. [D-CA-38] | CA | D | P000121 | 0 | Consumer Savings Account Equity Act - Amends the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act to require increases in the rate of interest on passbook savings accounts to the market rate of interest beginning five years after the enactment of this Act. Directs the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board to explain their economic rationale for setting the interest rate on passbook savings in their annual reports to the Congress after 1985. Reduces the amount of reserves which must be held against insured accounts in insured savings and loan associations. Increases Federal deposit insurance to a maximum of $100,000 per account. Amends the Home Owners' Loan Act of 1933 to empower Federal savings and loan associations to make consumer loans and deal in commercial paper, corporate debt securities, and bankers' acceptances provided such investments do not exceed 20 percent of the assets of an association. | 2025-09-02T13:54:12Z | |
| 96-hr-6217 | 96 | hr | 6217 | A bill to prohibit the sale of gold bullion by any agency of the United States unless specifically authorized by law. | Finance and Financial Sector | 1979-12-20 | 1979-12-20 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Paul, Ron [R-TX-22] | TX | R | P000583 | 0 | Prohibits any sale of gold bullion on behalf of the United States unless Congress authorizes such action by law. | 2024-02-06T19:38:08Z | |
| 96-s-2161 | 96 | s | 2161 | A bill to provide equitable relief for parties to contracts containing gold clauses. | Finance and Financial Sector | 1979-12-20 | 1979-12-20 | Referred to Senate Committee on the Judiciary. | Senate | Sen. Helms, Jesse [R-NC] | NC | R | H000463 | 0 | Grants to the Federal district courts jurisdiction (without regard to the amount in controversy or citizenship of the parties) of civil actions brought by parties to contracts or agreements which: (1) were executed before June 5, 1933, and remained in effect after the date of enactment; (2) provided for the payment of consideration in gold or its equivalent in United States currency; and (3) were declared to be unenforceable as against public policy under the joint resolution of June 5, 1933. Authorizes the court, after consideration of specified factors, to make an appropriate order to modify or adjust such obligations or rescind such contracts or agreements. | 2025-07-21T19:32:26Z | |
| 96-hr-6149 | 96 | hr | 6149 | A bill to amend section 2(a) of Public Law 93-100, as amended, to include New Jersey among the states in which depository institutions are permitted to offer negotiable order of withdrawal accounts. | Finance and Financial Sector | 1979-12-14 | 1979-12-14 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Minish, Joseph G. [D-NJ-11] | NJ | D | M000796 | 13 | Permits depository institutions in the State of New Jersey to offer negotiable order of withdrawal accounts. | 2024-02-06T19:38:08Z | |
| 96-hr-6100 | 96 | hr | 6100 | A bill to authorize automatic transfer accounts at commercial banks, remote service units at Federal savings and loan associations, and share draft accounts at Federal credit unions during the period beginning on December 31, 1979, and ending on April 1, 1980. | Finance and Financial Sector | 1979-12-11 | 1979-12-11 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 5 | Amends the Federal Reserve Act and the Federal Deposit Insurance Act to authorize member banks in the Federal Reserve System and federally insured nonmember banks to make automatic funds transfers from a savings deposit to a demand deposit pursuant to the written authorization of the depositor to make such transfers in connection with checks or drafts drawn upon the bank. Amends the Home Owners' Loan Act of 1933 to permit Federal savings and loan associations and Federal mutual savings banks to establish remote service units pursuant to regulations of the Federal Home Loan Bank Board. Amends the Federal Credit Union Act to permit Federal credit unions to offer share-draft accounts subject to terms and conditions prescribed by the National Credit Union Administration Board. Terminates the authority conferred by this Act on April 1, 1980. | 2024-02-06T19:38:08Z | |
| 96-hr-5960 | 96 | hr | 5960 | A bill to amend the Currency and Foreign Transactions Reporting Act to allow for the payment of compensation to informers. | Finance and Financial Sector | 1979-11-27 | 1979-11-27 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 31 | Amends the Currency and Foreign Transactions Reporting Act to authorize the Secretary of the Treasury to pay a reward to any individual providing original information which leads to recovery of at least $50,000 by way of a criminal fine, civil penalty, or forfeiture for a violation of such Act. Makes ineligible for such payment any Federal, State, or local employee who furnishes information in the performance of official duties. | 2024-02-06T19:38:08Z | |
| 96-hr-5961 | 96 | hr | 5961 | Currency and Foreign Transactions Reporting Act Amendments of 1980 | Finance and Financial Sector | 1979-11-27 | 1980-07-28 | Measure failed of passage in House, under suspension of rules, roll call #433 (135-248). | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 53 | (Reported to House from the Committee on Ways and Means with amendment, H. Rept. 96-829 (Part II)) Currency and Foreign Transactions Reporting Act Amendments of 1980 - Amends the Currency and Foreign Transactions Reporting Act to extend the current reporting requirement to include persons "attempting" to transport monetary instruments into or from the United States. Increases from $5,000 to $10,000 the amount of a monetary instrument which triggers such reporting requirement. Authorizes any customs officer who has probable cause to suspect that monetary instruments are being transported for which a report is required to search, without a search warrant, any vehicle, vessel, aircraft, envelope or other container, or person entering or departing from the United States. Authorizes the Secretary of the Treasury to pay a reward to any individual providing original information which leads to a recovery of at least $50,000 by way of a criminal fine, civil penalty, or forfeiture for a violation of such Act. Makes ineligible for such payment any Federal, State, or local employee who furnishes information in the performance of official duties. Directs the Secretary of the Treasury to report to Congress on the effectiveness of this Act. | 2024-02-07T16:32:33Z | |
| 96-hr-5969 | 96 | hr | 5969 | Arson Prevention and Reconstruction Incentive Act of 1979 | Finance and Financial Sector | 1979-11-27 | 1979-11-27 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Fenwick, Millicent H. [R-NJ-5] | NJ | R | F000078 | 0 | Arson Prevention and Reconstruction Incentive Act of 1979 - Amends the National Housing Act to require all statewide plans to assure fair access to insurance requirements (FAIR plans) to contain provisions which limit the policy proceeds payable in connection with a loss caused by fire to the market value of the structure destroyed unless the owner certifies, in a policy endorsement, an intention to rebuild. Directs the Federal Insurance Administration, in consultation with the National Association of Insurance Commissioners, to develop a model clause for insurance contracts which provides such limitation for owner-occupied residential and small business property. Requires the Federal Insurance Administrator and the Director of the Federal Emergency Management Agency to develop Federal minimum standards for arson investigation and prosecution, and for information disclosure by insurance applicants. States that such standards shall be applied in any State which does not adopt substantially equivalent standards within two years. | 2025-09-02T13:54:06Z | |
| 96-hr-5930 | 96 | hr | 5930 | A bill to amend the Truth in Lending Act to provide that any creditor who requires insurance to be purchased as a condition for granting an extension of credit may not require that such insurance be purchased from a source specified by such creditor. | Finance and Financial Sector | 1979-11-16 | 1979-11-16 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Hansen, George V. [R-ID-2] | ID | R | H000171 | 0 | Amends the Truth in Lending Act to permit any creditor to require insurance as a condition to an extension of credit. Prohibits any creditor from requiring credit insurance from a specific source. Requires any creditor selling credit insurance to allow for cancellation within 20 days upon written notice that the debtor has secured adequate insurance from another source in accordance with regulations prescribed by the Board of Governors of the Federal Reserve System. Prohibits any cancellation if a loss has been incurred or benefits have been paid under such insurance. Requires the creditor to notify the debtor that insurance may be purchased from another source. | 2024-02-06T19:38:08Z | |
| 96-hr-5894 | 96 | hr | 5894 | Consumer Checking Account Equity Act of 1979 | Finance and Financial Sector | 1979-11-14 | 1979-11-14 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 0 | Consumer Checking Account Equity Act of 1979 - Amends the Federal Reserve Act and the Federal Deposit Insurance Act to authorize member banks in the Federal Reserve System and federally insured nonmember banks to make automatic funds transfers from a savings deposit to a demand deposit pursuant to the written authorization of the depositor to make such transfers in connection with checks or drafts drawn upon the bank. Authorizes federally insured banks and savings and loan associations, State banks and savings and loan associations, savings banks, and mutual savings banks to offer interest-bearing deposits or accounts upon which the depositor may make withdrawals by negotiable instrument for the purpose of making transfers to third parties (NOW accounts). Stipulates that such deposits or accounts may only be held by individuals or nonprofit organizations. Amends the Home Owners' Loan Act of 1933 to permit Federal savings and loan associations and Federal mutual savings banks to establish remote service units pursuant to regulations of the Federal Home Loan Bank Board. Authorizes such associations to extend loans directly related to negotiable order of withdrawal accounts. Amends the Federal Home Loan Bank Act to require any institution which has subscribed for the stock of a Federal Home Loan Bank to maintain reserves against its negotiable order of withdrawal accounts pursuant to regulations prescribed by the Board after consultation with the Board of Governors of the Federal Reserve System. Prescribes the required form of such balances. Amends the Federal Credit Union Act to permit insured credit unions to offer share draft deposits to individuals and nonprofit organizations in accordance with regulations prescribed by the National Credit Union Administration Board. Requires each Federal credit union to maintain reserves against such deposits in amounts and forms prescribed by the Board after consultation with the Board of Governors of the Federal Reserve System. | 2025-09-02T13:54:05Z | |
| 96-s-2002 | 96 | s | 2002 | A bill to amend the Consumer Credit Protection Act to prohibit the use of the "Rule of 78's" in the computation of the rebate of unearned interest in precomputed consumer credit transactions with terms greater than 36 months. | Finance and Financial Sector | 1979-11-13 | 1979-11-13 | Referred to Senate Committee on Banking, Housing and Urban Affairs. | Senate | Sen. Tsongas, Paul E. [D-MA] | MA | D | T000393 | 0 | Amends the Consumer Credit Protection Act to require creditors or assignees to refund promptly any unearned portion of finance charges and insurance premiums above one dollar to consumers who prepay in full a consumer credit transaction. Requires that such refunds for precomputed transactions repayable over a more than 36-month period be computed by a method at least as favorable to the consumer as an actuarial method in accordance with regulations of the Board of Governors of the Federal Reserve System. Permits the creditor to collect or retain a minimum charge not exceeding seven and one-half dollars if provided for by State law and the contract relating to the transaction. Requires creditors or assignees to provide consumers with statements of the amount due on any precomputed consumer credit account after such deductions of the finance charge and insurance premiums, within five days of receipt of an oral or written request from a consumer. Permits oral statements upon oral requests. Requires written statements upon written requests. Entitles consumers to one statement without charge each year. Permits reasonable fees for additional statements, if such fees are disclosed in advance. | 2025-01-14T18:20:21Z |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);