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STAT.]

PUBLIC LAW 9—MAR. 23, 1951 C O N T I N G E N T E X P E N S E S OF THE H O U S E

Special and select committees: For an additional amount for expenses of special and select committees, $150,000, Approved March 19, 1951.

Public Law 8

CHAPTER

14

JOINT RESOLUTION To continue for a temporary period the provisions of the Housin}? and Rent Act of 1947, as amended.

Resolved by the Senate and House of Representatives of the United States of America, in Congress assembled, That section 204(f) of the Housing and Rent Act of 1947, as amended, is amended to read as follows: "(f) The provisions of this title shall cease to be in effect at the close of June 30, 1951, or upon the date of a proclamation by the President or upon the date specified in a concurrent resolution by the two Houses of the Congress, declaring that the further continuance of the authority granted by this title is not necessary because of the existence of an emergency, whichever date is the earlier; except that as to rights or liabilities incurred prior to such termination date, the provisions of this title and regulations, orders, and requirements thereunder shall be treated as still remaining in force for the purpose of sustaining any proper suit or action with respect to any such right or liability.' Approved March 23, 1951.

Public Law 9

CHAPTER

March 23, 1961 [S. J. Res. 39]

61 Stat. 199. 50 U.S.C. Sup. IV app. § 1894 (f).

15

AN ACT To provide for the renegotiation of contracts, and for other purposes.

March 23, 1961 [H. R. 1724]

Be it enacted by the Senate and House of Representatives of the nited of America in Congress assen " ' That this Act may ofm°^^°"^"°° ^^^ United States of^merica assembled, be cited as the "Renegotiation Act of 1951".

TITLE I—RENEGOTIATION OF CONTRACTS SEC. 101. DECLARATION OF POLICY.

I t is hereby recognized and declared that the Congress has made available for the execution of the national defense program extensive funds, by appropriation and otherwise, for the procurement of property, processes, and services, and the construction of facilities necessary for the national defense; that sound execution of the national defense program requires the elimination of excessive profits from contracts made with the United States, and from related subcontracts, in the course of said program; and that the considered policy of the Congress, in the interests of the national defense and the general welfare of the Nation, requires that such excessive profits be eliminated as provided in this title. SEC. 102. CONTRACTS SUBJECT TO RENEGOTIATION.

(a) IN GENERAL.—The provisions of this title shall be applicable (1) to all contracts with the Departments specifically named in section 103 (a), and related subcontracts, to the extent of the amounts received

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