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HomeMy WebLinkAboutR-77-0704RFC/rL 6/14/17 "SUPPORTIVE DOCUMENTS i_oW» RI SdtUTFON 'PTO! 7. 7' 7 0 4 cESOLUTION OF THE CO.`1MISSION OF THE CITY OF MIAMI, FLORIDA, URGING THE t . . CONPERENCt OF r1?YORS AND THE U.S. CONFERENCE OF CITIES TO ENDORSE AND PRO'1t.)'[' PROPOSED LEGISLATION ENTITLED "SOCIO-ECONO:•1IC NATIONAL GROWTH AC'i" URGING THE: SOUTII FLORIDA CONGRESSIONAL DELEGATION TO INTRODUCE AND PROMOTE PASSAGE OF THi• ATTACHED PROPOSED BILL;; FURTHER AUTHORIZING THE MAYOR OR HIS DESIGNEE TO TRAVEL TO WASHINGTON, D.C. IN ORDER TO PROMOTE PASSAGE OF SAID PROPOSED BILL. WHEREAS, the economic problems of the cities iti the United States cannot be solved unless Federal legislation is enacted which will lead to a prosperous economy and one hundred percent full employment; and WHEREAS, Federal legislation endorsed and promoted by the ;Ministers -I aynnn voter Registration Committee of Dade County, Florida, entitled "Socio-Economic Eational Growth Act" contains provisions which would achieve the above goals; and WHEREAS, the proposed legislation requires very little `funding and being locally administered, no bureaucracy need be •established; and WHEREAS, a prosperous economy will produce an optimum degree of income for the City of Miami and thus improve the tax base for urban needs; and WHEREAS, it is a known fact that all large cities are interdependent, as well as all of the United States, for "DOCUMENT IJ4DEX their mutual economic well-being; WHEREAS, unemployment and ITEM NO. r ,— contributes greatly /o the ;incidence of crime, especially in our inner cites; and WHEREAS, social psychologists identify unemployment s one of America's biggest mental health problems; and WHEREAS, from 1961 to 1976 the money supply increased -304 percentum, yet total employment in the United States ft CITY COMMISSION MEETING OF SEP 1077 77-10 EOLUlaN w0 Walla.........,,.. s_ of Cities, to endorse and promote said proposed bill. Section 3. The Mayor or his designee is hereby authorized to accept the offer of the Ministers -Layman Voter Registration Committee of Dade County, Florida to assist that organization in preparing and presenting a complete comprehensive presentation of said proposed bill to the members of the South Florida Congressional Delegation, as well as the staffs, committees, and officers of the U.S. Conference of Mayors and the U.S. Con- ference of introduced .ncreased by obit' 34 pef` bentumy thus•ihdidating the neec for directing proper use of out money supplytoward creating `snore. jobs; and WHEREAS, the Chairman of the Federal Reserve Board stated; that allocation of credit is acceptable when mitigating a serious socio-economic problem; WHEREAS, the Department of Commerce the three measures of our national wealth as ,porkers ; it results and identifies one productive NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION Off' THE CITY OF MIAiI, FLORIDA: Section 1. Passage by Congress of the attached proposed legislation entitled "Socio-flconomic National Growth Act" is hereby urged as a means of eliminating unemployment and mitigating the effects of rampant the country. inflation which exists throughout Section 2. The Mayor and each Commissioner are hereby committed to use their good offices by personal visits and/or correspondence in order to promote the passage of such bill and in urging the U.S. Conference of Mayors, as well as the U.S. Conference Cities in order that the attached proposed bill may be in the current session of Congress, Section 4, The Mayor or his designee is hereby author- ized to travel to Washington, D.C. with Joseph Bongovanni, a repre- sentative of the Ministers -Layman Voter Registration Committee of 'pale County, Florida, or a designee of said organization, in order to promote passage of the proposed bill. -2- -407 gedtion 5. The City Clerk is hereby difedted t" d dopieS of this Resolution to the followihq: U. S. Conference of Mayors U. S. Conference of Cities U. S. Senator Lawton Chiles U. S. Senator Richard Stone U. S. Representative Dante Fascell U. S. Representative William Lehman U. S. Representative Claude Pepper ,PISSED AND ADOPTED this 0 day ofSEPTEMBER , 1977. MAURICE A. FERRE MAURICE A. FERRE, MAYO R ATTEST: r<AL .? G . ONGIE CITY CLERK PREPARED AND APPROVED BY: ROBBERT F. CLARK ASSISTANT CITY ATTORNEY APPROV.e AS TO FORM AND CORRECTNESS: DTI +7 GEORGE F. KNOX, JR. CITY ATTO ;NEY J "SUPPORTIVE DOCUMENTS FOLLOW" 4a �'Yn it ' it`i. '&rt=' .. f!! - M M M = t 1 RICHARD (DIM SitoNE FLoIlloA iCnttc ztettek,Frptt-t000 WASHINGToN, D.C.20S10 septetobeC29, Mt. Ralph Ongie City Clerk City Hall 3500 Pan American Drive Miami, FL 33133 Dear Mr. Ongie: Thank you for sending me by the City Commission of the duction and passage of a bill National Growth Act. comivirrrres: AGRICULTURE. NUTRITION. AND FORESTRY 'OREtGN RELATIONS vettslANs• ArrAiris a copy of Resolution 77-704 adopted City of Miami endorsing the intro - entitled, "The Socio-Economic I share the strong desire of the members of the City Commission of Miami to achieve full employment and a prosperous economy. Improving economic conditions would certainly contribute to the solution of the problems besetting the cities in the United States. I look forward to working with Miami's leaders in achieving these important goals. Warm personal regards. Most cordially, RDS:cWm Richard (Dick) Stone "SUPPORTIVE DOCUMENTS FOLLOW" bANTE B. FASCELL tSTR DISTRICT, FLORIDA COMMITTEES INtERNATIONAL RELATIONS CHAIRMAN: INTERNATIONAL OPERATIONS SUBCOMMITTEE MEMBER: INTER.AMERICAN AFFAIRS SUBCOMMITTEE GOVERNMENT OPERATIONS MEMBER: LEGISLATION AND NATIONAL SECURITY SUBCOMMITTEE COMMISSION ON SECURITY AND COOPERATION IN EUROPE CHAIRMAN CANADIAN-UNITED STATES INTERPARLIAMENTARY GROUP CO•CHAIRMAN, U.S. DELEGATION cottarCtiti of ttje �,i eb, ;Ater Iona of 3tepreBentatibeil itittobingten, IO:C, 205,t§ September 22, 1977 Mr. Ralph G. Ongie City Clerk City of Miami 350U Pan American Drive Miami, Florida 33133 Dear Mr. 0ngie: • Ci,y t I. City of Fit. Thank you for your letter and enclosure. Lt I appreciate knowing of the Commission's support for the proposed "Socio-Economic National Growth Act." You may be sure that I will keep your position in mind. Again, many thanks for your interest. Sincerely, L DANTE 13 . FASCELL Member of Congress CHARLES R. O'REGAN ADMINISTRATIVE ASSISTANT 'SUPPORTIVE DOCUMENTS FOLLOW„ RAYdk and Membetg of the City commis Sion / ' / soie' � ' 3� ��oager --'',. �wn��� '! ^ 19?/ Proposed Resolution Endorsing Proposed Federal Legislation: Sooio^Eoouomio Growth Act Resolution and proposed "Bill" At the commission meeting of June 9, Mr. Joseph 800g1ovaoni, representing the Ministers -Laymen Voter Registration Committee of Dade County, Florida, made a brief presentation of proposed federal legislation entitled: "Sooio-Economic National Growth Act." Since the subject matter was too complex and far-reaching for proper understanding and discussion in a few minutes at the meeting, the Commission requested that the information be pro- vided in writing so that the IMayor and commissioners could give the proposal sufficient study' The attached proposed Resolution and accompanying description of S.E.0.G.A. are provided to you at this time for your consideration. Unless you inform me that you do not wish to consider this as an agenda item, the proposed Resolution will be placed on the July 14 Agenda for your disposition. {�.r ���� ��{�[�[���SI���� ^ ;�'° l', 1, JUN ���y�w � ^^ � �K w w �� - - _ _ =_ - - _ _ ..-- � � II II II IIIIIIIUII■II•.II• MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelmina 8 Porter Robert E Tingley anti, "IirThi t!ffirr of ttir Lit,; Cirri; city Ea1l 3500 Stan American Brine Monti. flnrila 33133 Septeta1et 14, 1977 Representative Claude Pepper Rayburn House Office Building Washington, D.C. 20515 Dear Representative Pepper: The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a resolution urging the endorsement and promotion of proposed legislation entitled "Socio-Economic National Growth Act." A copy of Resolution 77-704 is attached hereto for your information. L'A 'G ONGIE dt'Y GLtRK Very truly yours, RALPH G. ONGIE City Clerk MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelm[na B Porter Robert E Tingley ■ " FhirThi t�tlllt, (!ffirr of Or Q itp (Irrk (! itp all 33111 Tan Atnrrirttn ilriur Ntnrila 33133 Septembet 14, 107 Representative William Lehman 505 Cannon House Office Building Washington, D.C. 20515 Dear Representative Lehman: The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a resolution urging the endorsement and promotion of proposed legislation oleentitled n 77-704 "Socio-Economic National Growth Act." A copy of is attached hereto for your information. Very truly yours, j j,L-f6H 6. ONGIE tit, CLERK RALPH G. ONGIE City Clerk MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris WilhelmIna B Porter Robert E Tingley DNGIE ITV CLERY. tami, Flortha (! ffirr of Or t!itg C!lrrk nip gall anti Jatt rnrriratt [lriur 1lnrtha 33133 September 14, 1077 Representative Dante Fascell 2160 Rayburn House Office Building Washington, D.C. 20515 Dear Representative Fascell: The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a resolution urging the endorsement and promotion of proposed legislation entitled "Socio-Economic National Growth Act." A copy of Resolution 77-704 is attached hereto for your information. Very truly yours, RALPH G. ONGIE City Clerk "SUPPORTIVE DOCUMENTS TS,, FOLLOW MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelmina B Porter Robert E Tingley V�'ttg .nf tetni, Flartba S ..-..:.Ai : . t��.3YLSr- (! ffttr of tilt (Mg (1 rk Grit; $ail 3300 part Atnrriran tirittr ii{iatni, Flnrila 33133 September 144 107 Senator Richard Stone 1327 Dirksen Office Building Washington, D.C. 20501 iALPH G. ONGIE CITY CLERK Dear Senator Stone: The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a resolution urging the endorsement and promotion of proposed legislation entitled "Socio-Economic National Growth Act." A copy of Resolution 77-704 is attached hereto for your information. Very truly yours, RALPH G. ONGIE City Clerk 'SUPPORTIVE �/E DOCUMENTS irr r iirYs MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelmina B Porter Robert E Tingley r� qiitu of Fhirthi �-a (ffirr of Or MN (ilrrk (Sitti Nall 35111J Jan Aturriran Briar fianti, !Flnrila 33133 Senator Lawton Chiles Room 2106 New Senate Office Building Washington, D.C. 20510 ALi511M v. ONGIE dt` or CLERP Dear Senator Chiles: The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a resolution urging the endorsement and promotion of proposed legislation entitled "Socio-Economic National Growth Act." A copy of Resolution 77-704 is attached hereto for your information. Very truly yours, RALPH G. ONGIE City Clerk ogormiimik MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelmina B Porter Robert E Tingley (il#v of Ttamt, f ltirt a `fr �I 1 (!ffitr (1 trrk Cf itti tall 35011 3Jatt tnrr{cutt tlriur i i{uttt{ 3Flttrilu 33133 U. S. Conference of Cities 1620 Eye Street, N.W. Washington, D.C. 20006 r• RALO H G. ONGIE Oity CLERK Gentlemen: The City Commission of the City of Miami, at its Regular Meeting passed and adopted a Resolution urging the on Spetember 8, 1977, U. S. Conference of Cities to endorse and promote proposed legis- lation entitled "Socio-Economic National Growth t ? ct." An copy of Resolution 77-704 is attached hereto for your Very truly yours, RALPH G. ONGIE City Clerk MATTY HIRAI Assistant City Clerk DEPUTY CLERKS Robert Norris Wilhelmma B Porter Robert E Tingley • ()iffy of ittmi, F1ctrtia • 1 MALT of Or (ttg (lrrk Litp tall 5i111 Jan Juutrriratt iiriur it{ittnti. 3flnrili 33133 D. S. Conference of Mayors 1620 Eye Street, N.W. Washington, D.C. 20006 Gentlemen: NAL-PH 6. CNGIE CITY CLERK, The City Commission of the City of Miami, at its Regular Meeting on September 8, 1977, passed and adopted a Resolution urging the U. S. Conference of Mayors to endorse and promote proposed legis- lation entitled "Socio-Economic National Growth Act. A copy of Resolution 77-704 is attached hereto for your information. Very truly yours, RALPH G. ONGIE City Clerk 14. MaTi RESOtUt tON NO:Irlra. 7Nodt.__. A RESOLUTION OF THE CO"EMISSION OF THE CITY OF MIAMI, FLORIDA, URGING THE U.S. CONFERENCE OF MAYORS AND THE U.S. CONFERENCE OF CITIES TO ENDORSE AND PROMOTE PROPOSED LEGISLATION ENTITLED "SOCIO-ECONOMIC NATIONAL GROWTH ACT"; URGING 'THE SOUTH FLORIDA CONGRESSIONAL DELEGATION TO INTRODUCE AND PROMOTE PASSAGE OF THE ATTACHED PROPOSED BILL; FURTHER AUTHORIZING THE MAYOR OR HIS DESIGNEE TO TRAVEL TO WASHINGTON, D.C. IN ORDER TO PROMOTE PASSAGE OF SAID PROPOSED BILL. WHEREAS, the economic problems of the cities in the United States cannot be solved unless Federal legislation is enacted which will lead to a prosperous economy and one hundred percent full employment; and WHEREAS, Federal legislation enc&rsed and pronnted by the Ministers -Layman Voter Registration'Committee of Dade County, Florida, entitled "Socio-Economic National Growth Act" contains provisions which would achieve the above goals; and WHEREAS, the proposed legislation requires very little funding and being locally administered, no bureaucracy need be established; and WHEREAS, a prosperous economy will produce an optimum degree of income for the City of Miami and thus improve the tax base for urban needs; and WHEREAS, it is a known fact that all large cities are interdependent, as well as all of the United States, for their mutual economic well-being; and WHEREAS, unemployment contributes greatly to the incidence of crime, especially in our inner cites; and WHEREAS, social psychologists identify unemployment as one of America's biggest mental health problems; and WHEREAS, from 1961 to 1976 the money supply increased by 304 percentnm, yet total employment in the United States CITY COMMISSION MEETING OF SEP 81977 • a ■ tofeased by only 34 per centuM, thus indicating the heed for directing proper use of our money supply toward creating - more jobs; and WHEREAS, the Chairman of the Federal Reserve Board stated that allocation of credit is acceptable when it results in mitigating a serious socio-economic problem; and WHEREAS, the Department of Commerce identifies one of the three measures of our national wealth as productive Workers; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Passage by Congress of the attached proposed legislation entitled "Socio-Economic National Growth Act" is hereby urged as a means of eliminating unemployment and mitigating the effects of rampant inflation which exists throughout the country. Section 2. The Mayor and each Commissioner are hereby committed to use their good offices by personal visits and/or correspondence in order to promote the passage of such bill and in urging the U.S. Conference of Mayors, as well as the U.S. Conference of Cities, to endorse and promote said proposed bill. Section 3. The Mayor or his designee is hereby authorized to accept the offer of the Ministers -Layman Voter Registration Committee of Dade County, Florida to assist that organization in preparing and presenting a complete comprehensive presentation of said proposed bill to the members of the South Florida Congressional Delegation, as well as the staffs, committees, and officers of the U.S. Conference of Mayors and the U.S. Con- ference of Cities in order that the attached proposed bill may be introduced in the current session of Congress. Section 4. The Mayor or his designee is hereby author- ized to travel to Washington, D.C. with Joseph Bongovanni, a repre- sentative of the Ministers -Layman Voter Registration Committee of Dade County, Florida, or a designee of said organization, in order to t ;'.:.iQromote passage of the proposed bill. ,. -- 2 =i :)C lM. W., 1..11 ! ihdreased by only 34 per centuin, thus indicating the heed for directing proper use of our money supply toward creating t More jobs; and WHEREAS, the Chairman of the Federal Reserve Board stated that allocation of credit is acceptable when it results in mitigating a serious socio-economic problem; and WHEREAS, the Department of Commerce identifies one of the three measures of our national wealth as productive Workers; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIA.MI, FLORIDA: Section 1. Passage by Congress of the attached proposed legislation entitled "Socio-Economic National Growth Act" is hereby urged as a means of eliminating unemployment and mitigating the effects of rampant inflation which exists throughout the country. Section 2. The Mayor and each Commissioner are hereby committed to use their good offices by personal visits and/or correspondence in order to promote the passage of such bill and in urging the U.S. Conference of Mayors, as well as the U.S. Conference of Cities, to endorse and promote said proposed bill. Section 3. The Mayor or his designee is hereby authorized to accept the offer of the Ministers -Layman Voter Registration Committee of Dade County, Florida to assist that organization in preparing and presenting a complete comprehensive presentation of said proposed bill to the members of the South Florida Congressional Delegation, as well as the staffs, committees, and officers of the U.S. Conference of Mayors and the U.S. Con- ference of Cities in order that the attached proposed bill may be introduced in the current session of Congress. Section 4. The Mayor or his designee is hereby author- ized to travel to Washington, D.C. with Joseph Bongovanni, a repre- sentative of the Ministers -Layman Voter Registration Committee of pade County. Florida, or a designee of said organization, in order to t.,..i,Qromobe passage of the proposed bill. -2 1 IN M.'! Ki .S1 i MEM s ■ Section 5. The City Clerk is hereby directed to fountard +copies of this Resolution to the following: U. S. Conference of Mayors U. S. Conference of Cities U. S. Senator Lawton Chiles U. S. Senator Richard Stone U. S. Representative Dante Fascell U. S. Representative William Lehman U. S. Representative Claude Pepper PASSED AND ADOPTED this 8 day of SEPTEM$ER_._ + 1977. MAURICE A. FERRE MAURICE A. FERRE, MAY O R ATTEST: RAL .1 G. ONGIE CITY CLERK PREPARED AND APPROVED BY: CO7 ROBERT F. CLARK ASSISTANT CITY ATTORNEY APPROVDa AS TO FORM AND CORRECTNESS: )( -=-7-- 7----4-:- •. G RGE F. NOX, JR. CITY ATTOtNEY ■ ■ ■ ■ ■ eh Ldtigtess ist Session • I 1 T t_ C- icN Fop C-cLOSE-'F? i ()Cc To create a regional economic committee in each congressional district to mitigate economic recessions and inflation and to eliminate unemployment, and for other purposes. Be it enacted by the Senate and House of Representa- tives of the United States of America in Congress assembled, Short Title Section 1. This Act may be cited as the "Socio-Economic National Growth Act". Findings and Purpose The Congress finds that-- i (l)income from employment is probably the ti St important ingredient to a stable family life; (2) present laws have not solved the economic ptoblems which cause unemployment; (3) many Americans, especially our youth and underprivileged, believe that we cannot find answers to economic blight within our present system and some- times choose violence as a solution to the problem; (4) unemployment contributes greatly to the incidence of crime, especially in our inner cities; (5) social psychologists identify unemployment as one of America's biggest mental health problems; (6) from 1961 to 1976 the money supply increased by 304 per centum, yet total employment in the United States increased by only 34 per centum, thus indicat- ing the need for directing proper use of our money supply toward creating more jobs; (7) the Chairman of the Federal Reserve Board stated that allocation of credit is acceptable when it results in mitigating a serious socio-economic problem; (8) the Deimrtment of Commerce identifies one of the three measures of our national wealth as pro- ductive workers; t (9) full employment eliminates poverty, �` �oc'uCeS competition, and �- ot�ers Federal, State, and local taxes; (10) many Americans are active participants in community and private social action organizations endeavoring to eliminate� �izations poverty; (11) our founding fathers have anticipated the problem of poverty S and the Constitution declares that Congress shall provide for "the general of the United States"; and welfare (12) if poverty is to be eliminated within th United States, then a unified, e federally stimulated effort is necessary. (b) It is, therefore, the purpose of this Act to provide for the creation of regional economic committees con- gressional districts to within mitigate economic recession: flation and to eliminate unemployment in the U and in- - thusthe thus fulfilling United States-- mandate of the Ermployi1ent Act of 1946. Definitions Sec. 3. For purposes of this Act, the term-- (1) "Congressional district" means the graphical area constitutinggeo- graphical the congressional district from which a Member of the house of Representatives, including the Delegate from the District of Columbia is elected, and ' i 11' ; { 1 (2) "Member bank" Shall have the meaning riven it by section 3 of the 'ederal Reserve Act. Creation of Committees $ec. 4, (a) There is hereby established in each con- gressional district one regional economic committee (herein- after referred to as "committee"). (b) Each committee shall be composed of thirty-six members appointed by the Governor of the State in which the committee is located (and in the case of the District of Columbia, its mayor), with the consent of the President, from individuals who are not officers or employees of any government, and who reside, are employed, or whose place of business is within the congressional district served by the committee and who are specifically qualified to serve on the committee by virtue of their education, training, or experience, and-- (1) one-third of whom represent economically deprived areas; (2) one-third of whom represent business and professional communities; and (3) one-third of whom represent religious, service, education, and labor organizations. A vacancy in the committee shall be filled in the same manner in which the original appointment was made. (e) Not more than eighteen tnembers of each committee appointed shall be of the same political, party. No indi- vidual may serve on more than one committee. (d)(1) Except as provided in paragraphs (2) and members shall be appointed for terms of four years. (2) Of the members first appointed -- (A) one-fourth of one year, (B) one-fourth of two years, (C) of three (D) one-fourth years, and one-fourth of four years, s designated by the Governor at the time of appointment. shall be shall be shall be shall be (3) , appointed for a term appointed for a term;. appointed for a to appointed for a term 3 Atiy Member appointed tb Pill a Vacancy i'b� to t can�y becarri he n"- erpir�:tio L b appointed 1 n °f she tern for Which his predcc<-.:�;- �' a5 shall be appointed on1Y fr such term. or the remainder of A member may serve after the expiration of his term until his successor has taken office. e) (1) t,;embers of each each day in which they are engaged of duties vested in the committee, (2) While commit tee sh`11 recei \re $100 for in the actual er � f orrrancc, away from their homes or regular i business in the performance �. paces of 1 ormance of services for the committee • members of the ttee shall be allowed travel expenses, Per die:,; in lieu of ubsi s� stence as ers o::� �- , in she same manner*,en P employed intermittently in the Government are allowed expenses service e- enses uncle.. " section 5703(b) of title 5 of the United States Code. r 'Nineteen Members +s of a committee shall COnst-itlite UoruM (but a lesser number may hold hearings). s g) The Chairman and Vice Chairman of each c shell he or"���atter_ elected from the membership ,� r:2be2 sip + a bb the members of the cbn-nittee • The term of offs of office the Chairman man shall two and Vice Chair- man (h) Each committee s s;� meet all meet at the Ora majority of its call of its Ch`ir;r.. �rer:be_'s. (i)(1) Each committee shall establish a of subcommitteesout the to carrysufficient number purpose of this Act, Each subcommittee shall be composed of six members of the committee, two of whom represent economically deprived areas, two of w represent the business and professional whom rofes coi;munities of whom represent and two P religious, service, education, or labor bor or- (2) Four members of a subcommittee shall quorum (but a lesser constitute a number may hold hearings), Loans Sec, 5h (a) Each subcommittee established by a committee pursuant to section 4(i) is empowered to approve the making of loans by member banks as the subcommittee may determine to be necessary or appropriate to assist any corporation Which produces goods or provides services and which is located in the congressional district in which such sub- committee is located to finance plant construction, conversion or expansion, or to assist such concern in continuing business at its existing location, or to assist any such corporation in establishing a new business (including start-up costs) and operating a business-- (1)(A) if the subcommittee determines that such loan will result in an increase in the number of individuals employed by such corporation, and if at least 75 percent of such increased number of individuals employed by such corporation are, at the time of employ- ment, unemployed, underemployed, or participating in any manpower training program carried on by the United States Department of Labor; or (B) if the subcommittee determines that such cor- poration is engaged in a seasonal business and if such loan will overcome such concern's seasonal problems and enable such concern to employ workers for the entire calendar year; and (2) if the subcommittee determines that such Corporation has established an employee stock ownership plan under. the Internal Revenue Code of 1954 or agrees, in writing, to establish such a plan. (b) If a member bank has declined to make any such loan, then the loan may be made by any member bank designated y any such subcommittee, if the committee approves the previously declined loan. All such loans shall be made at a rate of interest not to exceed 5 1/2 per centum per plus 1/2 per centum per annum:: for insurance, and no such loan, including renewals or extensions thereof may be made for a period or period;: exceeding ten years except that such portion of a loan made for the purpose of constructing facilities may have a maturity of fifteen years plus such additional period as is such construction. Any annum estimated may be required to complete closing costs respecting such loam shall be paid by such bank. (c) All such loans approved by any subcommittee or committee shall be fully guaranteed by the United States, (d) (1) Such loans may be approved by a subcommittee for 90 per centum of the total cost of the project entered into by any such corporation. However, if unemployment continues to persist in the congressional district in which a subcommittee is located, then such subcommittee may approve any such loans for 95 per centum of such total cost. (2) If at least 75 per centum of the employees of a corporation are under the age of twenty-five years or fifty-five years or older as of the date of the loan application, then any loan approved by a subcommittee fo the corporation shall be for 95 per centr um of the total cost of the project. (3) If at least 75 per centum of the employees of a corporation, as of the date of the loan application, are handicapped individuals, dishonorably discharged veterans former drug addicts, or released felons, then any y loan approved by a subcommittee for the corporation shall be for 100 per centum of the total cost of the Project. (4) All available collateral (present and future) the borrower shall be assigned �• of agned to the member bank making the loan to such borrower. 1 'CO Any business concern which receives a loan approved tinder paragraph (2) or (3) of subsection (d) shall, within two months after receipt of the loan and at six- month intervals thereafter so long as the loan is outstanding, submit a list of the individuals employed at such concern in order to prove that the applicable 75 per centun require- ment is satisfied. (f) The terms of repayment of any loan approved under this section by any subcommittee which is made to any corporation engaged in a seasonal business (as defined by such subcommittee) shall take into account the seasonal nature of such business. Foreclosure Sec. 6. Each committee is empowered, for good cause shown and after a hearing, to approve a member bank's foreclosure of any loan approved by its subcommittee. Personnel Sec. 7. (a) Each committee may appoint and fix ay of such personnel as it deems desirable. 1 (b) The staff of each committee shall be appointed subject to the provisions of title 5, United States Code, governing appointments in the competitive service, and shall be paid in accordance with the provisions of chapter 51 and subchapter III of such title relating to classification and General Schedule pay rates. (c) Subject to such rules as it may adopt, each committee may procure temporary and intermittent services to the same extent as is authorized by section 3109(b) of title 5 of the United States Code, but at: rates for individuals not to exceed $100 per diem. Additional Powers Sec. 8. (a) Any committee or subcommittee of such commit- tee may for the purpose of carrying out this Act hold such hear- ings, sit and act at such times and places within the congres- sional district in which is located, take such testimony, and receive such evidence, as the committee may deem advisable. (b) When so authorized by any committee, any member or agent of the committee may take any action which the committee is authorized to take by this section. • Any committee may secure directly froth any depart - tent tent or agency of the United States information necessary to enable it to carry out this Act. , Upon request of the Chair- man of any committee, the head of such department or agency shall furnish such information to the committee. (d) Committees shall seek the advice of appropriate com- mittees of Congress or either House thereof respecting loans which may mitigate resource shortages and enhance environmental goals of the Congress. Bank Reserves Sec. 9. (a) Notwithstanding the Federal Reserve Act, a member bank shall make loans beyond its normal reserve re- quirements as established pursuant to section 19 of the Federal Reserve Act in order to accomplish the purposes of this Act. (b) Normal reserve requirements shall be changed by the Federal Reserve Board periodically to allow for accumulated loans granted pursuant to this Act, so that the total money supply equals desired maximum amount. Federal Assistance Sec. 10, (a) The United States shall pay to any business concern which receives a loan pursuant to section 5 of this :Act one-half of the cost of training (under any manpower ling program, including on-the-job training) the increased number of er::ployees at such concern resulting from such loan if such employees are unemployed or underemployed at the time of employment with such concern. (b) The United States shall pay to any business con- cern which receives a loan pursuant to section 5 of this Act the one-half of cost of management training (under SCORE or any other program) for employees of such concern. Usury Sec. 11. Notwithstanding any other provision of law, no person shall make any loan for any purpose at a rate of interest which is greater than 6 per centum per annum. (b) All charges payable directly or indirectly by the person to whom the loan is made and imposed directly or in- directly by the creditor as an incident to the loan shall be considered to be part of the interest charge for purposes of subsection (a) . (c) A member bank shall charge only one interest rate to all of its customers and no conditions of equity participation such as discounts are permissible with respect to any loan transaction. • s r (d) Ift order to comply with subsection (a), member batiks shall, if necessary, pay lower rates of interest on money it borrows and on savings accounts maintained with such bank. (e) Any person who violates subsection (a) of this section shall be fined not more than $5,000 or an amount equal to three times the amount of illegal interest charged with respect to a loan, whichever is greater. Regulations Sec. 12. The Secretary of the Treasury and the Secre- tary of Labor shall jointly prescribe such regulation as they consider necessary or appropriate to carry out the purpose of this Act. Authorization Sec. 13. There is authorized to be appropriated such sums as may be necessary to carry out this Act. rt Repeal of Earnings Test Under Social Security Program : be. 14. '(a) Subsections (b), (d), •(t)', J� and (k) of section 203 of the Social Security Ace are re- pealed, (b)(1) Subsection (c) of section 203 of such Act is redesignated as subsection (b); and such subsection as so 'redesignated is amended -- (A) by striking out "Noncovered Work Outside the United States or" in the heading; (B) by striking out paragraph (1); (C) by redesignating paragraphs (2), (3), and (4) 0 paragraphs (1), (2), and (3), respectively; (D) by striking out "For purposes of paragraphs (2), (3), and (4)" and inserting in lieu thereof "For purposes of paragraphs (1), (2), and (3)"; and (E) by striking out the last sentence. (2) Subsection (e) of such section 203 is redesignated subsection (c); and such subsection as so redesignated is amended by striking out "subsections (c) and (d)" and inserting in lieu thereof "subsection (b)"