Page:United States Statutes at Large Volume 70.djvu/108

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PUBLIC LAW 433-MAR. 21, 1966

SO u s e 194 Ig. Transfer period.

Transmi11 a 1 of report to Attorney General. SO u s e 1941a.

Termination of eommission.

69 Stat. 629, 16. 50 USC a p p. 1941r and note.

Lease. 50 USC 194Ig.

app.

Trans m i t t a l of l e a s e to Attorney General. 50 USC app. 194 If, 194 Ig.

Report to C o n gress.

[70

STAT.

in session, within ten days after Congress next convenes, the Commission shall prepare and submit to the Congress a report containing, with respect to the disposal under this section of the Louisville plant, the information described in paragraphs 1, 2, 3, 4, and 8 of section 9 (a). Unless the contract is disapproved by either House of the Congress by a resolution prior to the expiration of thirty days of continuous session (as defined in section 9(c)) of the Congress following the date upon which the report is submitted to it, upon the expiration of such thirty-day period the contract shall become fully effective and the Commission shall proceed to carry it out, and transfer of possession of the facility sold shall be made as soon as practicable but in any event within thirty days after the expiration or termination of the existing lease on the Louisville plant. The failure to complete transfer of possession within thirty days after expiration or termination of the existing lease shall not give rise to or be the basis of rescission of the contract of sale." SEC, 2. Notwithstanding the provisions of section 3(d) of the Rubber Producing Facilities Disposal Act of 1953, the Rubber Producing Facilities Disposal Commission (hereinafter referred to as the "Commission") J before submission to the Congress of its report relative to the Louisville plant, shall submit it to the Attorney General, who shall, within seven days after receiving the report, advise the Commission whether, in his opinion, the proposed disposition, if carried out, will violate the antitrust laws. SEC. 3. Notwithstanding the provisions of section 4 of Public Law 336, Eighty-fourth Congress, approved August 9, 1955, of section 4 of Public Law 19, Eighty-fourth Congress, approved March 31, 1955, and section 20 of the Rubber Producing Facilities Disposal Act of 1953, the Commission established by the last-mentioned Act shall cease to exist at the close of the ninetieth day following the termination of the review period provided for in section 27(c) of that Act, unless no sale of the Louisville plant is recommended by the Commission pursuant to section 27(c) of that Act, in which event the Commission shall cease to exist at the close of the ninetieth day following the termination of the maximum period allowed for negotiation in section 27(b). SEC. 4. (a) Notwithstanding the provisions of section 9(d) and notwithstanding the period of lease limitation in section 9(f) of the Rubber Producing Facilities Disposal Act of 1953, the Commission or its successor may, provided the period for receipt of proposals for the purchase of the Louisville plant has expired as provided in section 27(a) of that Act and no proposal or contract for the purchase of the Louisville plant is then pending or in effect, extend the existing lease or enter into a new lease on the Louisville plant for a term of not less than five years nor more than fifteen years from the date of termination of said existing lease. (b) Notwithstanding the provisions of sections 8(a)(3) and 9 (f) of the Rubber Producing Facilities Disposal Act of 1953 relating to the period for review by the Attorney General, the Commission, before submission to the Congress of a lease or lease extension relative to the Louisville plant, shall submit it to the Attorney General, who shall, within seven days after receiving the lease or lease extension, advise the Commission whether the proposed lease or lease extension would tend to create or maintain a situation inconsistent with the antitrust laws. (c) Within ten days after the termination of the lease negotiations authorized in subsection (a) of this section, or, if Congress is not then in session, within ten days after Congress next convenes, the Commission shall report to the Congress the lease or lease extension nego-

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