Message from the President of the United States Vetoing H.R. 12445
This is President Herbert Hoover's veto statement to the House of Representatives regarding H.R. 12445, the "Emergency Relief and Construction Act of 1932." Hoover vetoed the bill on July 11, 1932. A compromise bill, H.R. 9642, was passed July 21, 1932.
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OCR Page 1 of 101909
80
72D CONGRESS
HOUSE OF REPRESENTATIVES
DOCUMENT
1st Session
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No. 360
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DISAPPROVAL OF H. R. 12445
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MESSAGE
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THE PRESIDENT OF THE UNITED STATES
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RETURNING
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WITHOUT APPROVAL H. R. 12445, AN ACT TO RELIEVE DESTI-
TUTION, TO BROADEN THE LENDING POWERS OF THE RE-
CONSTRUCTION FINANCE CORPORATION, AND TO CREATE
EMPLOYMENT BY AUTHORIZING AND EXPEDITING A PUBLIC-
WORKS PROGRAM AND PROVIDING A METHOD OF FINANCING
SUCH PROGRAM
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I am returning herewith, without my approval, H. R. 12445,
"Emergency relief and construction act of 1932.'
On the 31st of May last I addressed the Senate recommending
further definite and large-scale measures to aid in relief of distress:
and unemployment imposed upon us by the continued degeneration
in the world economic situation. These proposals were made after
discussion with leaders of both political parties in Congress and in
endeavor to secure united nonpartisan action.
They were in brief:
begmulg
1. Authorization to the Reconstruction Corporation to loan up to
$300,000,000 to State governments which are unable to finance
themselves to care for distress, such loans to be made upon the basis-
of need.
2. Authorization to the Reconstruction Finance Corporation to
buy bonds or otherwise temporarily to finance public bodies and to
provide part of needed loans in limited cases also to private industry,
to increase employment through construction of sound self-liquidating
or income-producing projects. meldoig 100
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