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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1909 80 72D CONGRESS HOUSE OF REPRESENTATIVES DOCUMENT 1st Session of oda of No. 360 di 00 gai ada of ai aodibomutoo to saeda lo vhobto eda bas ecloode to 8. orraai of edt lo oT 1 .000.000.000, 18 doidw lo reoltis DISAPPROVAL OF H. R. 12445 worm llid odT neter datit Hada I, VIT daiw brooos ni abnata mood asd eltia aids eA MESSAGE III FROM no odt 10 noitrog aidT THE PRESIDENT OF THE UNITED STATES edt bilduq JT RETURNING do JI Joeido Totla add 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 add Jon aoob Ji dadt of your bloddtiv of enrola moaset aida TOT hotageig Jon ma etudibasque nol 1 8 ai eteds Ilid - on Ways doidw, and Means; message and ao ebsot guraserT edi 10 ed for printed TO oldaliava 9T8 TOT avedom add Jada anoitetego antortanil Jnetruo divw beniaddo ed t To the House of Representatives ond 10 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 03 Date to bloit erlt ni noitounte