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Sec. 203. In carrying out the purpose of this Act, An-American-Affair, nor any of its authorized officers, staff or other associating establishments shall have the Authority :
(a) To permit knowingly and willingly any part of the net earnings or other assets of the corporation to inure to the benefit of, or be distributed to, its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to make reasonable compensations for services rendered and to make payments and distribution in furtherance of the purpose so set forth in this Act.
(1) No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting, to influence legislation, and the corporation shall not participate in or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office.
(2) Not withstanding any other provision of this Act, the corporation shall not carry on any other activities not permitted to be carried on by a corporation, contributions to which are deductible under section 170 (c) (2) of the I.R.S. Code of 1954 (or the corresponding provision of any future United States internal revenue law).
(3) Upon dissolution of the corporation the original agent, after paying or making provision for the payment of all of the liabilities of the corporation exclusively for the purpose of the corporation in such a manner, or to such organization or organizations organized and operated exclusively for charitable, educational, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States internal law), any such assets not so disposed shall be disposed of by the court of common pleas of the Ohio county in which the principal non-Washington office of the corporation is then located, exclusively for such purpose or to such organization or organizations as said court shall determine, which are organized and operated exclusively for such purpose.
Sec. 204. An-American-Affair, its franchise, capital reserves, surplus, production, distribution, products and income shall be exempt from all taxation (except sales taxes) now or hereafter imposed by the United States, by any territory, dependence, or possession thereof, or by any state, court, parish, municipality, or local taxing authority; except that: (i) any real property owned by An-AmericanAffair shall be subject to state, territorial, county, parish, municipal, or other local taxation to the same extent, according to its value, as other similarly situated and used real property, without discrimination in valuation, classification or assessment thereof, and (ii) any entity acquired or established, or activity undertaken by An-American-Affair shall be equally exempt from all ta xation.
AUDITS Sec. 205. (a) On or before the final day of the Acts statutory life, An-AmericanAffair shall in conjunction with the Congressional Budget Office, institute a report, in such detail as shall be required to conduct an audit of all books, accounts, financial records, reports, files, papers, and property belonging to or in use by An-American-Affair, and necessary to facilitate any audit which shall be made available to persons conducting the audit of or facilities verifying transactions, balances or securities held by depositories, fiscal agents, custodians and/or contributors.
SEC. 206. (a) An-American-Affair shall submit within 30 working days of the final date of its statutory life a report to the full Congress and the President. The report will state the total sums then held in assets and liabilities, committed as loans, loan guarantees, and a listing of the business concerns so involved with An-American-Affair.
(b) An-American-Affair shall submit to the Congress a proposal at the conclusion of such a report for the implementation of continued life of subsequent federally chartered establishments, containing, in addition to such information a general description of An-American-Affair's operations during its life, a specific description of each activity in which An-American-Affair is involved, a status report on each such project or activity, and an evaluation of the contribution which An-American-Affair or activity resulting therefrom, has made and could be expected to make in fulfilling on an ongoing basis the purposes of this Act.
(c) An-American-Affair shall, at the conclusion of its statutory life, submit to Congress and the President a report evaluating the overall impact made by AnAmerican-Affair and describing the status of each then current activity or program of compromise and/or reconciliation.
(d) The report shall contain any and all information in reference to cost-risk, conflicting values that must be overcome, the probable positive and/or negative consequences of extended life and/or success, the timetable of implementation, funding, budgeting policies, and finally how An-American-Affair proposes to restrain and/or rechannel the exuberant, escalating, pressures and demands by citizens, to better their lives through government aid, and how An-AmericanAffair will be able to accomplish on an ongoing basis its objectives considering the scope of national government, the vigor of multinational business and the planetary range of individual liberty and human possibility have all expanded and must be maintained.
TITLE III. GENERAL DEFINITIONS SEC. 301. As used in this Act:
(i) The phrase "Public Service" shall mean any non-military, non-intelligence, social welfare area targeted by either Joint House-Senate Resolution and/or any such foreign or domestic assistance authorized by legislation and/or any such non-political, educational or charitable service, organization possessing a 501 (c)(3) Internal Revenue Code tax exemption, is authorized to provide.
(ii) The phrase "Limited Life" shall mean the statutory life, of An-AmericanAffair and/or the tax exemption so provided by this Act. (1 year from date of passage)
(iii) The phrase "experimental model" shall mean a working model, prototype, and/or pilot.
(iv) The phrase "corporate oversight capability" shall mean the means by which the Congress shall have at its disoposal information, independent of that provided through Congressional and/or Executive branch inquiry, for the purpose of monitoring exploitation, price fixing, unofficial corporate associations, anti-trust violations, payoffs, discrimination, and/or other actions of the body corporate in its dealings with and pursuant to the objectives of the Congress and/or the implementation of aid to American and foreign citizenry represented thereby. A means by which where such information presents probable cause for convitcion of any violation of legislated acts, the Congress can attain immediate redress, via not-for-profit competition within the area so effected, without being forced to take economically disruptive actions.
(v) The phrase "energy independence" shall mean an unlimited supply of safe, environmentally clean, non-fossil, non-solar, non-transuranium fuel. A fuel the development of which would end the reckless waste of priceless reserves, end most environmental destruction, cut drastically all health care cost, aid full employment, instigate productivity, end income taxation, raise the urban standard of life, add to savings, making available better homes for better educated less drug dependent city dwellers, cut crime 80 percent, and lessen racial conflict. (All of which would end soviet ideological advantage, help farmers and give Americans the time to, in the interest of preventing world war, openly siding with Africa and China against Russia. Regaining in this generation international peace of mind.)
(vi) The phrase "quality education" shall mean any innovative contribution to habilitation, utilizing the research and industrial development apparatus made available by the Act to provide a voluntarily integrated environment conducive to productive educational opportunities, for all parties and communities so involved.
(vii) The phrase "tax reform" shall mean any such activity that results in an end to personal income taxation, without increase in the taxes of business, or reductions in the annual social services provided thereby.
(viii) The term “reconciliation” shall mean a temporary agreement to cease debate, delay the final decision, implement study, and allow for the development of a lasting compromise proposal affecting the life and death domestic proposals now before the Congress, pending national elections, development and presentation.
(ix) The term "unaccountability" shall mean the complicated means by which even the most watched and regulated corporations are able to avoid legislative dictates, Congressional inquiries and/or judicial action.
(x) The term "compromise" shall mean an alternative process independent of legislation previously introduced by which a sponsoring and/or opposing Congressman can mutually support the method of achieving the objective of the original legislation.
(xi) The phrase "economic planning” shall mean a process by which birth and death statistics, age, technological availability, scientific research, social objectives, environmental organization, and political aspirations are coordinated on a long term basis.
(xii) The phrase "full employment” shall mean any circumstance where all but 2 percent of the total work force is gainfully employed, and the remaining group, multiskilled, and available for cyclical, short term employment.
(xiii) The term “deflation” shall mean the total elimination of all unnatural market forces that inflate artificially production cost and/or reduce the dollar value.
(xiv) The phrase "crime prevention" shall mean any lawful activity which diverts the skills, attentions, and aspirations of juveniles and/or adults from anti-social, exploitative, petty crime or other corruption and/or from the feeling of need to commit such acts.
(xv) The term "contribution" shall mean any gift made to An-AmericanAffair (currency, asset, idea, skill, or other thing of value) utilized by AnAmerican-Affair to implement the objectives of this Act. (Deductible in full from the donors estimated income tax due based on I.R.S. previous year estimates.)
TITLE IV. UNLAWFUL ACTS AND PENALTIES
SEC. 401. Whoever makes any statement, knowing it to be false, or willfully or knowingly orervalues any contribtuion, for the purpose of obtaining for himself or for any applicant any thing of value, loan or extension thereof by renewal, deferment of action, or otherwise, accepts, releases, substitutes a contribution, or for the purpose of influencing in any way the action of An-American-Affair or a subsidiary or for the purpose of obtaining money property, contract rights, or anything of value, under this Act, shall be punished by a fine of not more than $50,000 or by imprisonment for not more than ten years or both.
FORGERY Sec. 402. Whoever (1) falsely makes, forges, or counterfeits any note, debenture, bond, or other obligation, or receipt, in imitation of or purporting to be a note, debenture, bond, or other obligation, coupon, or thing of value issued by An-American-Affair or a subsidiary, or (2) passes, utters, or publishes, or attempts to pass, utter, or publish any false, forged, or counterfeited note, debenture, bond, receipt, or other obligation, coupon, or report setting value purporting to have been issued by An-American-Affair or a subsidiary, knowing the same to be false, forged, or counterfeited, or (3) falsely alters any note, debenture bond, or other obligation, or coupon, issued or purporting to have been issued by AnAmerican-Affair, or a subsidiary, or (4) passes, utters, or publishes, or attempts to pass, utter, or publish, as true any falsely altered or spurious note, debenture, bond, or other obligation, coupon or thing of value issued or purporting to have been issued by An-American-Affair or a subsidiary, knowing the same to be falsely altered, shall be punished by a fine of not more than $50,000 or by imprisonment for not more than ten years or both.
MISAPPROPRIATION OF FUNDS AND UNAUT IIORIZED ACTIVITIES
Sec. 403. Whoever, being connected in any capacity with An-American-Affair or a subsidiary, (1) embezzles, abstracts or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to it or otherwise entrusted to An-American-Affair or such subsidiary or (2) with intent to defraud An-American-Affair, the I.R.S., and/or subsidiary or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner of An-American-Affair or such subsidiary makes any false entry in any book, report, or statement of or to An-American-Affair or such subsidiary, or, without being duly authorized, draws any order or issues, puts forth or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof, or (3) with intent to defraud, participates, shares, or receives directly or indirectly any money, profit, property, or benefit through any transaction loan, commission, contract, or any other act An-American-Affair, or such subsidiary, or (4) gives any unauthorized information concerning any future action or plan of An-American-Affair or such subsidiary which might affect the value of securities, or, having such knowledge, invests, speculates, directly or indirectly, in the securities or property of any company, bank, or corporation being consumed, received loan or other assistance from An-American-Affair or such subsidiary shall be punished by a fine of not more than $50,000 or by imprisonment for not more than ten years, or both.
INFRINGEMENT ON NAME
Sec. 404. No individual, association, partnership, corporation, or business entity shall use the words Project 76-An American Affair Inc. or a combination of these words which a court of competent jurisdiction shall find reasonably likely to mislead or deceive, as the name or a part thereof under which he or it shall do business.
ADDITIONAL PENALTIES Sec. 405. In addition to any other penalties provided in this title, the defendant in any action brought pursuant thereto shall, on conviction, be liable to AnAmerican-Affair, the U.S. Treasury or subsidiary for double any loss to such subsidiary and any profit or gain acquired by him as a result of the conduct constituting the offense for which he was convicted.
SUITS BY THE ATTORNEY GENERAL
Sec. 707. No suit shall be brought alleging that An-American-Affair (or any director, officer, employee, or agent thereof) has engaged in any action, practice, or policy inconsistent with this Act; has violated any provision thereof; has obstructed or interfered with any activities authorized thereby; or has refused, failed, or neglected to discharge duties or responsibilities mandated by the Act except by the Attorneys General of the United States or the state of Ohio or his delegate. Such Attorney General may, by petition, in any Federal district court in any State where An-American-Affair in transacting business or where any such individual resides (or in the District of Columbia), seek such equitable relief as may be necessary or appropriate to prevent or terminate such conduct. Nothing in this section shall be deemed or construed to prevent the enforcement of the other provisions of this Act by appropriate officials of the United States, nor to prohibit suits by private parties against An-AmericanAffair based on breach of contract.