Page:United States Statutes at Large Volume 58 Part 1.djvu/654

 PUBLIC LAWS-CH. 325-JUNE 30, 1944 factors are such as to make rent control unnecessary for the purpose of eliminating speculative, unwarranted, and abnormal increases in rents and of preventing profiteering, and speculative and other dis- ruptive practices resulting from abnormal market conditions caused by congestion, the controls imposed upon rents by authority of this Act in such defense-rental area or portion thereof shall be forthwith Reetablishment. abolished; but whenever in the judgment of the Administrator it is necessary or proper, in order to effectuate the purpose of this Act, to reestablish the regulation of rents in any such defense-rental area or portion thereof, he may forthwith by regulation or order reestablish maximum rents for housing accommodations therein in accordance with the standards set forth in this Act. oor Odf regulations "(c) Any regulation or order under this section may be established in such form and manner, may contain such classifications and differentiations, and may provide for such adjustments and reason- able exceptions, as in the judgment of the Administrator are neces- ent aditment sary or proper in order to effectuate the purposes of this Act. Under regulations to be prescribed by the Administrator, he shall provide for the making of individual adjustments in those classes of cases where the rent on the maximum rent date for any housing accom- modations is, due to peculiar circumstances, substantially higher or lower than the rents generally prevailing in the defense-rental area for comparable housing accommodations, and in those classes of cases where substantial hardship has resulted since the maximum rent date from a substantial and unavoidable increase in property taxes or tmaxmnhmelnt pr operating costs. Any regulation or order under this section which vailing rate. establishes a maximum price or maximum rent may provide for a maximum price or maximum rent below the price or prices prevailing for the commodity or commodities, or below the rent or rents prevail- ing for the defense-area housing accommodations, at the time of the issuance of such regulation or order. pracket andrenting "(d) Whenever in the judgment of the Administrator such action is necessary or proper in order to effectuate the purposes of this Act, he may, by regulation or order, regulate or prohibit speculative or manipulative practices (including practices relating to changes in form or quality) or hoarding, in connection with any commodity, and speculative or manipulative practices or renting or leasing practices (including practices relating to recovery of the possession) in con- nection with any defense-area housing accommodations, which in his judgment are equivalent to or are likely to result in price or rent increases, as the case may be, inconsistent with the purposes of this Act. Maximm ncties- "(e) Whenever the Administrator determines that the maximum commodities, necessary production of any commodity is not being obtained or may not be obtained during the ensuing year, he may, on behalf of the United States, without regard to the provisions of law requiring competitive bidding, buy or sell at public or private sale, or store or use, such commodity in such quantities and in such manner and upon such terms and conditions as he determines to be necessary to obtain the maximum necessary production thereof or otherwise to supply Subsidy payments the demand therefor, or make subsidy payments to domestic pro- oomestprodn ducers of such commodity in such amounts and in such manner and upon such terms and conditions as he determines to be necessary to strategi or critical obtain the maximum necessary production thereof: Provided, That in the case of any commodity which has heretofore or may hereafter 8S. be defined as a strategic or critical material by the President pur- is UtS. C. iHb, suant to section 5d of the Reconstruction Finance Corporation Act, OM; Supp.I. 606b. as amended, such determinations shall be made by the Federal Loan Administrator, with the approval of the President, and, notwith- 634 [58 STAT.

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