United States Olympic Fund Act of 1979

[AI summary unavailable — showing source text] United States Olympic Fund Act of 1979 - Amends the Internal Revenue Code to permit taxpayers to designate on their income tax returns a contribution of fifty cents to the United States Olympic Fund. Establishes the United States Olympic Fund under the auspices of the Secretary of the Treasury for the receipt of tax contributions authorized by this Act. Directs the Secretary to transfer amounts from the Fund to the United States Olympic Committee on a quarterly basis. Requires the Committee to submit a report to the Secretary setting forth the amounts received by the Committee and the purposes for which such amounts were spent. Requires that such report be available for public inspection.…