Page:United States Statutes at Large Volume 82.djvu/1391

 82 STAT. ]

PUBLIC LAW 90-634-OCT. 24, 1968

1349

report his determination to the Congress. I n the event the International Coffee Council has failed to take corrective action to remedy the situation within a reasonable time after such request, the President shall submit to the Congress such recommendations as he may consider appropriate to correct the situation. REPORTS TO CONGRESS

SEC. 305. The President shall submit to the Congress an annual report on the International Coffee Agreement, 1968. Such report shall contain i^ UST 6333. full information on the operation of such agreement, including full information with respect to the general level of prices of coffee and matters pertaining to the transportation of coffee from exporting countries to the United States. The report shall also include a summary of the actions the United States and the International Coffee Organization have taken to protect the interests of United States consumers. P R E V E N T I O N OF D I S C R I M I N A T I O N AGAINST UNITED STATES-FLAG S H I P S

SEC. 306. (a) Upon complaint of any interested party filed after the date of enactment of this title, the President shall promptly make an investigation to determine whether any exporting country which is a member of the International Coffee Organization, or group of exporting countries which includes any member of such Organization, is taking action which, directly or indirectly, discriminates, or threatens to discriminate, against vessels registered under the laws of the United States in the shipping of coffee to the United States. If the President finds that discrimmation, or threat thereof, exists, he shall notify the Federal Maritime Commission which shall promptly make appropriate rules and regulations under section 19 of the Merchant Marine Act, 1920. If, within a reasonable time thereafter, the President finds that 4i Stat. 99;;. the effect of discrimination, or threat thereof, still exists, the authority conferred by section 302 shall cease to apply until such time as the President finds that the effect of discrimination, or threat thereof, has ceased to exist. (b) The President shall cause to be published promptly in the Publication in Federal Register (1) a copy of each complaint filed under subsection * ^'^^ egister. (a), (2) the results of the investigation made with respect to each such complaint and his findings thereunder, and (3) in the case of each complaint with respect to which he makes an affirmative finding of discrimination, or threat thereof, any rules and regulations made by the Federal Maritime Commission pursuant to subsection (a) and each subsequent finding made by him under such subsection. (c) Nothing contained in subsection (a) shall be construed to affect the powers and duties of the Federal Maritime Commission determined without regard to the provisions of such subsection. TITLE IV—MISCELLANEOUS AMENDMENT SEC. 401. (a) Section 103(c)(6) of the Internal Revenue Code of industrial de1954 (relating to exemption for certain small issues in the case of exe^^f^n. °'^ ^ industrial development bonds) is amended by adding at the end thereof Ante, p. 267. the following new subparagraphs: " (D) $5,000,000 LIMIT IN CERTAIN CASES.—At the election of the issuer, made at such time and in such manner as the Secretary or his delegate shall by regulations prescribe, with respect to any issue this paragraph shall be applied—

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