Page:United States Statutes at Large Volume 63 Part 1.djvu/90

 PUBLIC LAWS-CH. 77 -APR. 19,1949 Total guaranties. 62 Stat. 146. 22 U. S. C., Supp. II, §1509 (c) (2). Issuance of addi- tional notes. Post, p. 710. 62 Stat. 147. 22 U. S. C., Supp. II, § 1510 (c). 62 Stat. 147. 22 U. S .C., Supp. II, § 1510 (d). 62 Stat. 148. 22 U. S. C., Supp. II. § 1510 (g). 50U.S.C. app. § 701; Supp. II, § 701. Ante, p. 7. 62 Stat. 146. 22 . S. C., Supp. II, § 1510. Participation by American small busi- ness. Special assistant. 62 Stat. 156. 22 U. S. C. Supp. II, i 1521. of the United States Government, and the United States Government shall be subrogated to any right, title, claim, or cause of action existing in connection therewith."; and (6) By amending the next to last sentence thereof to read as fol- lows: "The total amount of the guaranties made under this paragraph (3) shall not exceed $150,000,000: Provided, That any funds allocated to a guaranty and remaining after all liability of the United States assumed in connection therewith has been released, discharged, or otherwise terminated, shall be available for allocation to other guar- anties, the foregoing limitation notwithstanding." (c) Paragraph (2) of section 111 (c) of such Act is hereby amended in the following particulars: (1) By inserting after the second sentence thereof the following: "In addition to the amount of notes above authorized, the Admin- istrator is authorized, for the purpose of carrying out the provisions of paragraph (3) of subsection (b) of this section, to issue notes from time to time for purchase by the Secretary of the Treasury in an amount not exceeding in the aggregate $150,000,000 less any amount allocated prior to April 3, 1949, for such purpose, until all liabilities arising under guaranties made pursuant to this authorization have expired or been discharged."; (2) By striking out the first two words, "Such notes" in the third sentence thereof and inserting "The notes hereinabove authorized"; and (3) By inserting after "Washington" in the sixth sentence thereof "for assistance on credit terms". SEC. 7 . (a) Section 112 (c) of such Act is hereby amended by striking out "25 per centum" and inserting in lieu thereof "121/2 per centum. (b) Section 112 (d) of such Act is hereby amended by adding after the words "any agricultural commodity, or product thereof" the following: "or class, type, or specification thereof". (c) Section 112 (g) of such Act is hereby amended by striking out section 6 of the Act of July 2, 1940 (54 Stat. 714), including any amendment hnd n6 of the Act of July 2, 1940, as amended," and inserting in lieu thereof "thethExport Control Act of 1949". (d) Section 112 of such Act is hereby further amended by adding at the end thereof the following new subsections: "(i) (1) Insofar as practicable and to the maximum extent consis- tent with the accomplishment of the purposes of this title, the Admin- istrator shall assist American small business to participate equitably in the furnishing of commodities and services financed with funds authorized under this title by making available or causing to be made available to suppliers in the United States, and particularly to small independent enterprises, information, as far in advance as possible, with respect to purchases proposed to be financed with funds author- ized under this title, and by making available or causing to be made available to prospective purchasers in the participating countries information as to commodities and services produced by small inde- pendent enterprises in the United States, and by otherwise helping to give small business an opportunity to participate in the furnishing of commodities and services financed with funds authorized under this title. "(2) The Administrator shall appoint a special assistant to advise and assist him in carrying out the foregoing paragraph (1). Each report transmitted to the Congress under section 123 shall include a report of all activities under this subsection. 52 [63 STAT.

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