Page:United States Statutes at Large Volume 73.djvu/729

 73

STAT.]

691

PUBLK3 LAW 86-374-8EPT. 23, 1969

•'k. Nothing in this section shall be construed to affect the authority of any State or local agency to regulate activities for purposes other than protection against radiation hazards. "1. With respect to each application for Commission license authorizing an activity as to which the Commission's authority is continued pursuant to subsection c, the Commission shall give prompt notice to the State or States in which the activitj/^ will be conducted of the filing of the license application; and shall afford-reasonable opportunity for State representatives to offer evidence, interrogate witnesses, and advise the Commission as to the application • without requiring such representatives to take a position for or against the granting of the application. "m. No agreement entered into under subsection b., and no exemption granted pursuant to subsection f., shall affect the authority of the Commission under subsection 161 b. or i. to issue rules, regulations, or orders to protect the common defense and security, to protect restricted data or to guard against the loss or diversion of special nuclear material. For purposes of subsection 161i., activities covered by exemptions granted pursuant to subsection f. shall be deemed to constitute activities authorized pursuant to this Act; and special nuclear material acquired by any person pursuant to such an exemption shall be deemed to have been acquired pursuant to seetion 53. "n. As used in this section, the term 'State' means any State, Territory, or possession of the United States, the Canal Zone, Puerto Rico, and the District of Columbia." SEC. 2. Section 108 of the Atomic Energy Act of 1954 is amended by deleting the phrase "distributed under the provisions of subsection. 53a.," from the second sentence. Approved September 23, 1959.

Notice of fUing.

42 USC 2201.

42 USC 2073. Definition.

42 USC 2138.

Public Law 86-374 AN ACT

September 23, 1959

To promote and preserve local management of savings and loan associations by protecting them against encroachment by holding companies.

[H. R. 7244]

Be it eruicted by the Senate and House of Representatives of the Savings and loan United States of America in Congress assembled, That title IV of the h o l d i n g comNational Housing Act, as amended (12 U.S.C. sec. 1724 et seq.), is panies. amended by adding at the end thereof the following new section: 48 s?at!^°255. 'REGULATION OF HOLDING COMPANIES

"SEC. 408. (a)(1) As used in this section, the term 'company' means any corporation, business trust, association, or similar organization, but does not include the Federal Savings and Loan Insurance Corporation, any partnership, or any company the majority of the shares of which is owned by the United States or by any State. "(2) As used in this section (except when used in subsection (f)), the term 'stock' means nonwithdrawable stock, underlying ownership stock other than mutual shares in a mutual institution, permanent stock, guaranty stock, or stock of a similar nature (as defined by the Federal Home Loan Bank Board by regulation) by whatever name called. "(3) For the purposes of this section, a company shall be considered as having control of an institution or other organization if such company owns, controls, or holds with power to vote more than

Definitions.

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