Page:United States Statutes at Large Volume 77.djvu/422

 390 75 Stat. 462. 22 USC 2404.

68 Stat. 832. 22 USC 1751 note.

PUBLIC LAW 88-205-DEC. 16, 1963

[77 STAT.

SEC. 304. Section 645 of the Foreign Assistance Act of 1961, as amended, which relates to unexpended balances, is amended to read as follows: " SEC. 645. UNEXPENDED BALANCES.—Unexpended balances of funds made available pursuant to this Act, the Mutual Security Act of 1954, as amended, or Public Law 86-735 are hereby authorized to be continued available for the general purposes for which appropriated, and may at any time be consolidatedj and, in addition, may be consolidated with appropriations made available for the same general purposes under the authority of this Act." PAKT IV—AMENDMENTS TO OTHER LAWS

74 Stat. 869.

76 Stat. 876. 19 USC 1861.

75 Stat. 306. 7 USC 170 1.

68 Stat. 457. 7 USC 1705.

7 USC 1706.

Effective date. 7 USC 17011709. 7 USC 1722.

SEC. 401. The Act to provide for assistance in the development of Latin America and in the reconstruction of Chile, and for other purposes (Public Law 86-735, 22 U.S.C. 1942 et seq.), is amended as follows: (a) Insert following the enacting clause "That this Act may be cited as the 'Latin American Development Act' ". (b) I n section 2 strike out "$500,000,000" and substitute "$680,000,000". SEC. 402. Section 231 of the Trade Expansion Act of 1962 (Public Law 87-794, approved October 11, 1962) is amended as follows: (a) I n s e r t " (a) " before the words "The President shall". (b) Add the following new subsection: " (b) The President may extend the benefits of trade agreement concessions made by the United States to products, whether imported directly or indirectly, of a country or area within the purview of subsection (a) which, at the time of enactment of this subsection, was receiving trade concessions, when he determines that such treatment would be important to the national interest and would promote the independence of such country or area from domination or control by international communism, and reports this determination and the reasons therefor to the Congress." SEC. 403. The Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1691 et seq.), is amended as follows: (a) Section 101(f) is amended to read as follows: " (f) obtain rates of exchange applicable to the sale of commodities under such agreements which are not less favorable than the highest of exchange rates legally obtainable from the Government or agencies thereof in the respective countries." (b) Section 105 is amended by adding at the end thereof the following new sentence: "The President shall utilize foreign currencies received pursuant to this title in such manner as will, to the maximum extent possible, reduce any deficit in the balance of payments of the United States." (c)(1) Section 106 is amended by adding at the end thereof a new sentence as follows: "For the purposes of this title and title IV, the term 'surplus agricultural commodity' shall include any domestically produced fishery product (not including fish flour until approved by the Food and Drug Administration) if the Secretary of the Interior has determined that such product is at the time of exportation in excess of domestic requirements, adequate carryover, and anticipated exports for dollars." (2) The amendment made by paragraph (1) of this subsection shall not be effective for purposes of title I of the Agricultural Trade Development and Assistance Act of 1954, as amended, until January 1, 1965. (d) Section 202 is amended by striking out "economic development" and inserting in lieu thereof "economic and community development".

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