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[PUs. Law 472.]
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[PUB. LAW 472.]
only when certified copies thereof are filed with the Secretary
(b) In order to strengthen and make more effective the conduct of
of the Senate and the Clerk of the House of Representatives and
the foreign relations of the United States
published in the Federal Register, and all amendments to such
charter shall be valid only when similarly filed and published;
(1) the Administrator and the Secretary of State shall keep
each other fully and currently informed on matters, including
(iii) it shall not have succession beyond June 30, 1952, except
for purposes of liquidation, unless its life is extended beyond such
prospective action, arising within the scope of their respective
duties which are pertinent to the duties of the other;
date pursuant to Act of Congress; and
(iv) it shall be subject to the Government Corporation Con-
(2) whenever the Secretary of State believes that any action,
proposed action, or failure to act on the part of the Administrator
trol Act to the same extent as wholly owned Government corpora-
is inconsistent with the foreign-policy objectives of the United
tions listed in section 101 of such Act.
States, he shall consult with the Administrator and, if differences
(3) All capital stock of the corporation shall be of one class, be
of view are not adjusted by consultation, the matter shall
be
issued for cash only, and be subscribed for by the Administrator.
referred to the President for final decision;
Payment for such capital stock shall be made from funds available
(3) whenever the Administrator believes that any action, pro-
for the purposes of this title.
posed action, or failure to act on the part of the Secretary of State
(e) Any department, agency, or establishment of the Government
in performing functions under this title is inconsistent with the
(including, whenever used in this title, any corporation which is an
purposes and provisions of this title, he shall consult with the
instrumentality of the United States) performing functions under
Secretary of State and, if differences of view are not adjusted by
this title is authorized to employ, for duty within the continental limits
consultation, the matter shall be referred to the President for final
of the United States, such personnel as may be necessary to carry
decision.
out the provisions and purposes of this title, and funds available
(c) The Administrator and the department, agency, or officer in the
pursuant to section 114 of this title shall be available for personal
services in the District of Columbia and elsewhere without regard to
executive branch of the Government exercising the authority granted
section 14 (a) of the Federal Employees Pay Act of 1946 (60 Stat.
to the President by section 6 of the Act of July 2, 1940 (54 Stat. 714),
as amended, shall keep each other fully and currently informed on
219). Of such personnel employed by the Administration, not to
matters, including prospective action, arising within the scope of their
exceed one hundred may be compensated without regard to the pro-
respective duties which are pertinent to the duties of the other. When-
visions of the Classification Act of 1923, as amended, of whom not more
ever the Administrator believes that any action, proposed action, or
than twenty-five may be compensated at a rate in excess of $10,000
failure to act on the part of such department, agency, or officer in per-
per annum, but not in excess of $15,000 per annum. Experts and con-
sultants or organizations thereof, as authorized by section 15 of the
forming functions under this title is inconsistent with the purposes
Act of August 2, 1946 (U. S. C., title 5, sec. 55a), may be employed
and provisions of this title, he shall consult with such department,
agency, or officer and, if differences of view are not adjusted by consul-
by the Administration, and individuals so employed may be com-
tation, the matter shall be referred to the President for final decision.
pensated at rates not in excess of $50 per diem and while away from
their homes or regular places of business, they may be paid actual
NATIONAL ADVISORY COUNCIL
travel expenses and not to exceed $10 per diem in lieu of subsistence
and other expenses while so employed.
SEC. 106. Section 4 (a) of the Bretton Woods Agreements Act
(f) The Administrator may, from time to time, promulgate .such
(59 Stat. 512, 513) is hereby amended to read as follows:
rules and regulations as may be necessary and proper to carry out his
"SEC. 4. (a) In order to coordinate the policies and operations of
functions under this title, and he may delegate authority to perform
the representatives of the United States on the Fund and the Bank
any of such functions to his subordinates, acting under his direction
and of all agencies of the Government which make or participate in
and under rules and regulations promulgated by him.
making foreign loans or which engage in foreign financial, exchange
or monetary transactions, there is hereby established the National
GENERAL FUNCTIONS OF ADMINISTRATOR
Advisory Council on International Monetary and Financial Problems
(hereinafter referred to as the 'Council'), consisting of the Secretary
SEC. 105. (a) The Administrator, under the control of the President,
of the Treasury, as Chairman, the Secretary of State, the Secretary
shall in addition to all other functions vested in him by this title-
of Commerce, the Chairman of the Board of Governors of the Federal
(1) review and appraise the requirements of participating coun-
Reserve System, the Chairman of the Board of Directors of the
tries for assistance under the terms of this title;
Export-Import Bank of Washington, and during such period as the
(2) formulate programs of United States assistance under this
Economic Cooperation Administration shall continue to exist, the
title, including approval of specific projects which have been
Administrator for Economic Cooperation."
submitted to him by the participating countries;
(3) provide for the efficient execution of any such programs as
PUBLIC ADVISORY BOARD
may be placed in operation; and
(4) terminate provision of assistance or take other remedial
SEC. 107. (a) There is hereby created a Public Advisory Board,
action as provided in section 118 of this title.
hereinafter referred to as the Board, which shall advise and consult
with the Administrator with respect to general or basic policy matters
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"ocrText": "[PUs. Law 472.]\n4\n5\n[PUB. LAW 472.]\nonly when certified copies thereof are filed with the Secretary\n(b) In order to strengthen and make more effective the conduct of\nof the Senate and the Clerk of the House of Representatives and\nthe foreign relations of the United States\npublished in the Federal Register, and all amendments to such\ncharter shall be valid only when similarly filed and published;\n(1) the Administrator and the Secretary of State shall keep\neach other fully and currently informed on matters, including\n(iii) it shall not have succession beyond June 30, 1952, except\nfor purposes of liquidation, unless its life is extended beyond such\nprospective action, arising within the scope of their respective\nduties which are pertinent to the duties of the other;\ndate pursuant to Act of Congress; and\n(iv) it shall be subject to the Government Corporation Con-\n(2) whenever the Secretary of State believes that any action,\nproposed action, or failure to act on the part of the Administrator\ntrol Act to the same extent as wholly owned Government corpora-\nis inconsistent with the foreign-policy objectives of the United\ntions listed in section 101 of such Act.\nStates, he shall consult with the Administrator and, if differences\n(3) All capital stock of the corporation shall be of one class, be\nof view are not adjusted by consultation, the matter shall\nbe\nissued for cash only, and be subscribed for by the Administrator.\nreferred to the President for final decision;\nPayment for such capital stock shall be made from funds available\n(3) whenever the Administrator believes that any action, pro-\nfor the purposes of this title.\nposed action, or failure to act on the part of the Secretary of State\n(e) Any department, agency, or establishment of the Government\nin performing functions under this title is inconsistent with the\n(including, whenever used in this title, any corporation which is an\npurposes and provisions of this title, he shall consult with the\ninstrumentality of the United States) performing functions under\nSecretary of State and, if differences of view are not adjusted by\nthis title is authorized to employ, for duty within the continental limits\nconsultation, the matter shall be referred to the President for final\nof the United States, such personnel as may be necessary to carry\ndecision.\nout the provisions and purposes of this title, and funds available\n(c) The Administrator and the department, agency, or officer in the\npursuant to section 114 of this title shall be available for personal\nservices in the District of Columbia and elsewhere without regard to\nexecutive branch of the Government exercising the authority granted\nsection 14 (a) of the Federal Employees Pay Act of 1946 (60 Stat.\nto the President by section 6 of the Act of July 2, 1940 (54 Stat. 714),\nas amended, shall keep each other fully and currently informed on\n219). Of such personnel employed by the Administration, not to\nmatters, including prospective action, arising within the scope of their\nexceed one hundred may be compensated without regard to the pro-\nrespective duties which are pertinent to the duties of the other. When-\nvisions of the Classification Act of 1923, as amended, of whom not more\never the Administrator believes that any action, proposed action, or\nthan twenty-five may be compensated at a rate in excess of $10,000\nfailure to act on the part of such department, agency, or officer in per-\nper annum, but not in excess of $15,000 per annum. Experts and con-\nsultants or organizations thereof, as authorized by section 15 of the\nforming functions under this title is inconsistent with the purposes\nAct of August 2, 1946 (U. S. C., title 5, sec. 55a), may be employed\nand provisions of this title, he shall consult with such department,\nagency, or officer and, if differences of view are not adjusted by consul-\nby the Administration, and individuals so employed may be com-\ntation, the matter shall be referred to the President for final decision.\npensated at rates not in excess of $50 per diem and while away from\ntheir homes or regular places of business, they may be paid actual\nNATIONAL ADVISORY COUNCIL\ntravel expenses and not to exceed $10 per diem in lieu of subsistence\nand other expenses while so employed.\nSEC. 106. Section 4 (a) of the Bretton Woods Agreements Act\n(f) The Administrator may, from time to time, promulgate .such\n(59 Stat. 512, 513) is hereby amended to read as follows:\nrules and regulations as may be necessary and proper to carry out his\n\"SEC. 4. (a) In order to coordinate the policies and operations of\nfunctions under this title, and he may delegate authority to perform\nthe representatives of the United States on the Fund and the Bank\nany of such functions to his subordinates, acting under his direction\nand of all agencies of the Government which make or participate in\nand under rules and regulations promulgated by him.\nmaking foreign loans or which engage in foreign financial, exchange\nor monetary transactions, there is hereby established the National\nGENERAL FUNCTIONS OF ADMINISTRATOR\nAdvisory Council on International Monetary and Financial Problems\n(hereinafter referred to as the 'Council'), consisting of the Secretary\nSEC. 105. (a) The Administrator, under the control of the President,\nof the Treasury, as Chairman, the Secretary of State, the Secretary\nshall in addition to all other functions vested in him by this title-\nof Commerce, the Chairman of the Board of Governors of the Federal\n(1) review and appraise the requirements of participating coun-\nReserve System, the Chairman of the Board of Directors of the\ntries for assistance under the terms of this title;\nExport-Import Bank of Washington, and during such period as the\n(2) formulate programs of United States assistance under this\nEconomic Cooperation Administration shall continue to exist, the\ntitle, including approval of specific projects which have been\nAdministrator for Economic Cooperation.\"\nsubmitted to him by the participating countries;\n(3) provide for the efficient execution of any such programs as\nPUBLIC ADVISORY BOARD\nmay be placed in operation; and\n(4) terminate provision of assistance or take other remedial\nSEC. 107. (a) There is hereby created a Public Advisory Board,\naction as provided in section 118 of this title.\nhereinafter referred to as the Board, which shall advise and consult\nwith the Administrator with respect to general or basic policy matters"
}