Page:United States Statutes at Large Volume 67.djvu/448

 412

A d v i c e o f Attorney General.

Standby funds.

Report to C opgrass.

Expirationof 60-day period.

62 Stat. 104. 50 USC app, 1926.

PUBLIC LAW 205-AUG. 7, 1953

[67

STA T.

8 (a) or section 9(f) of this Act; and (3) no such facility shall be disposed of by sale within a period of three years from the termination of the transfer period, and in any subsequent lease or sale, the Government agency acting under authority of this section shall within a reasonable time and in no event less than sixty days prior to the lease or sale, request the advice of the Attorney General as to whether the proposed lease or sale would tend to create or maintain a situation inconsistent with the antitrust laws. The Attorney General shall give his advice within forty-five days of the receipt of such request. Upon the request of the Attorney General, the Government agency shall furnish, or cause to be furnished, such information as it may possess which the Attorney General determines to be appropriate or necessary to enable him to give the advice called for by this section. (b) Whenever any transfer to any Government agency is made pursuant to this section, all unexpended funds budgeted as provided in section 9(e) for standby and maintenance in such condition shall also be transferred. SEC. 9. (a) Not Ikier than thirty days after the termination of the negotiating period provided in section 7 of this Act, and in no event later than January 31, 1955, the Commission shall prepare and submit to the Congress a report setting forth— (1) the steps taken to elicit proposals and the proposals which have been received; (2) the principal terms of all sales contracted for and the Commission's recommendations in respect thereto; (3) in the event that there may have been a financially more advantageous proposal for any rubber-producing facility than the sale recommended, a statement of the reasons why such sale is nevertheless proposed; (4) the statement from the Attorney General setting forth findings approving the proposed disposals in accordance with the standards set forth in section 3(c) of this Act; (5) the program to be followed to place in standby condition the rubber-producing facilities not sold; (6) an inventory report concerning the Government's current stocks of synthetic rubber and its component materials; (7) a program for the continuance, to the extent it deems necessary, during the fiscal year following the fiscal year in which the transfer period terminates, of the research program on synthetic rubber and its component materials then being carried on by the operating agency; and (8) the names of persons who have represented the Government or the purchasers in conducting negotiations or in making contracts for disposal of the rubber-producing facilities. (b) The report shall be submitted to both Houses of Congress on the same day. Upon the expiration of sixty days of continuous session of the Congress following the date upon which the report is submitted to it, the Commission shall proceed to carry out the contracts and proposals, as outlined in its report, to the extent that such contracts and proposals are not disapproved by either House of Congress by a resolution within the sixty-day period. (c) For the purposes of subsection (b) of this section— (1) continuity of session shall be considered as broken only by an adjournment of the Congress sine die; but (2) in the computation of the sixty-day period there shall be excluded the days on which either House is not in session because of an adjournment of more than three days to a day certain, (d) No rubber-producing facility shall be sold or leased except in accordance with this Act, or in accordance with section 7(d)(4) of the Rubber Act of 1948, as amended.

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