Page:United States Statutes at Large Volume 84 Part 1.djvu/1096

 1038 E x p e r t s and consultants. 80 Stat. 4 1 6.

Ante, p. 198-1.

80 Stat. 499; 83 Stat. 190. American s h i p building i n d u s try, s t a t u s r e view.

46 USC 1151. Recommendations.

Report to P r e s i d e n t and Congress. Ante, p. 1020.

Appropriation.

A s s i s t a n t Secretary of Commerce for Maritime Affairs, appointment by President.

Compensation. 83 Stat. 8 6 3. St, Lawrence Seaway Development Corp. 68 Stat. 94; 71 Stat. 3 0 7.

PUBLIC LAW 91-469-OCT. 21, 1970

[84 STAT.

(6) The Commission may procure, in accordance with the provisions of section 3109 of title 5 of the United States Code, the temporary or intermittent services of experts or consultants; individuals so employed shall receive compensation at the rate to be fixed by the Commission, but not in excess of the per diem equivalent of the rate authorized for GS-18 of the General Schedule under section 5332 of title 5 of the United States Code, including traveltime, and while away from their homes or regular places of business may be allowed travel expenses, including per diem in lieu of subsistence, as authorized by section 5703 of title 5 of the United States Code for persons in the Government service employed intermittently. (7) The Commission shall review the status of the American shipbuilding industry, its problems and its progress toward increasing its roductivity and reducing production costs. The Commission shall etermine whether the American shipbuilding industry can achieve a level of productivity by the fiscal year 1976 such that the constructiondifferential subsidy payable under title V of the Merchant Marine Act, 1936, will not exceed 35 per centum of the United States construction cost. The Commission shall recommend a course of action which should be taken on the part of Government and industry to improve the competitive situation of the United States shipbuilding industry in world shipbuilding markets and if the Commission shall determine that the construction-differential subsidy cannot be reduced to 35 per centum of the United States cost it shall recommend alternatives to the ship construction program then in effect. (8) The Commission shall not later than three years after the date of enactment of this Act or such earlier dates as shall be required by section 502(b) of the Merchant Marine Act, 1936, submit a comprehensive report of its findings and recommendations to the President and to the Congress, and sixty days thereafter shall cease to exist. (9) There are hereby authorized to be appropriated such amounts as may be necessary to permit the Commission to carry out its responsibilities under this Act. SEC. 42. (a) There shall be in the Department of Commerce, in addition to the Assistant Secretaries now provided by law, one additional Assistant Secretary of Commerce who shall be known as the Assistant Secretary of Commerce for Maritime Affairs, shall be appointed by the President by and with the advice and consent of the Senate, shall receive compensation at the rate prescribed by law for Assistant Secretaries of Commerce, and shall perform such duties as the Secretary of Commerce shall prescribe. (b) Section 5315 of title 5, United States Code, is amended by striking " (5) " at the end of item (12) and substituting " (6) ". SEC. 43. (a)(1) Section 5 of the Act of May 13, 1954, as amended (33 U.S.C. 985), is further amended by inserting " (a) " immediately after "SEC. 5.", and by striking out the fourth, fifth, and eighth sentences thereof. (2) Such section is further amended by adding at the end thereof the following new subsection: "(b) Effective as of the date of enactment of this subsection the obligations of the Corporation incurred under subsection (a) of this section shall bear no interest, and the obligation of the Corporation to pay the unpaid interest which has accrued on such obligations is

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(b)(1) Subsection (a) of section 12 of such Act (33 U.S.C. 988(a)) is amended by inserting after the first sentence the following: "Any formula for a division of revenues which takes into consideration annual debt charges shall include the total cost, including both inter-

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