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s PECCORDA
BERVIGE*
Recons truction Finance Corporation
Reorganization Plan No. 24 of 1950 would transfer the Re-
construction Finance Corporation and all of its affairs to the
Department of Commerce. The Corporation would be administered
in the Department by its board of directors and officers but
they would be subject to the supervision, coordination, and
policy guidance of the Secretary of Commerce. This plan is
consonant with the message of the President to the Congress of
Friday, May 5.
National Security Resources Board
Reorganization Plan No. 25 of 1950 would transfer all of
the functions of the NSRB to the Chairman; would make the Board
purely advisory to the Chairman, to the extent that the Chairman
requests its advice; and in order to assist the Chairman in the
performance of his duties would establish the office of Vice
Chairman of the Board, such Vice Chairman to be appointed by
the President by and with the advice of the Senate and receive
annual compensation of $16,000.
*
*
Plans Nos. 22, 23, and 25 accord with the recommen dations
of the Hoover Commission. As to the RFC, the Commission was
united in the belief that the Corporation should be placed
under the jurisdiction of a department but divided as to the
identity of the department, a majority recommending transfer
to the Treasury. Plan No. 24 deviates from that majority recom-
mendation. The basis for that deviation, aside from the divided
vote referred to above, is found in your message of the 5th to
the Congress and in the transmittal message for Plan 24.
I recommend the transmittal of the foregoing four reorgan-
ization plans to the Congress.
Migrawton
Director
Attachments
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"ocrText": "- 2 -\ns PECCORDA\nBERVIGE*\nRecons truction Finance Corporation\nReorganization Plan No. 24 of 1950 would transfer the Re-\nconstruction Finance Corporation and all of its affairs to the\nDepartment of Commerce. The Corporation would be administered\nin the Department by its board of directors and officers but\nthey would be subject to the supervision, coordination, and\npolicy guidance of the Secretary of Commerce. This plan is\nconsonant with the message of the President to the Congress of\nFriday, May 5.\nNational Security Resources Board\nReorganization Plan No. 25 of 1950 would transfer all of\nthe functions of the NSRB to the Chairman; would make the Board\npurely advisory to the Chairman, to the extent that the Chairman\nrequests its advice; and in order to assist the Chairman in the\nperformance of his duties would establish the office of Vice\nChairman of the Board, such Vice Chairman to be appointed by\nthe President by and with the advice of the Senate and receive\nannual compensation of $16,000.\n*\n*\nPlans Nos. 22, 23, and 25 accord with the recommen dations\nof the Hoover Commission. As to the RFC, the Commission was\nunited in the belief that the Corporation should be placed\nunder the jurisdiction of a department but divided as to the\nidentity of the department, a majority recommending transfer\nto the Treasury. Plan No. 24 deviates from that majority recom-\nmendation. The basis for that deviation, aside from the divided\nvote referred to above, is found in your message of the 5th to\nthe Congress and in the transmittal message for Plan 24.\nI recommend the transmittal of the foregoing four reorgan-\nization plans to the Congress.\nMigrawton\nDirector\nAttachments"
}