Page:United States Statutes at Large Volume 88 Part 2.djvu/241

 88 STAT. ]

PUBLIC LAW 93-501-OCT. 29, 1974

1557

Provided, That no action taken in fulfillment of the policy set forth ^^^^'^•^^^' in this paragraph shall apply to the export of medicine or medical supplies." ALLOCATION OP LICENSES

SEC. 12. Section 4(b)(1) of the Export Administration Act of 1969 J^ use app. is amended by adding at the end thereof the following: "In curtailing the exportation of any articles, materials, or supplies to effectuate the policy set forth in section 3(2)(A) of this Act, the President is author- so use app. ized and directed to allocate a portion of export, licenses on the basis ^'*°^' of factors other than a prior history of exportation." EXPIRATION

DATE

SEC. 13. Section 14 of the Export Administration Act of 1969 is amended by striking "September 30, 1974" and inserting in lieu thereof "September 30, 1976". PRESIDENTIAL

so use app.

REVIEW

SEC. 14. The President is directed to revdew all laws, regulations ^2 USC 2153 issued thereunder by the Atomic Energy Commission, the Department "°*^* of Commerce, and other (xovernment agencies, governing the export and re-export of materials, supplies, articles, technical data or other information relating to the design, fabrication, development, supply, repair or replacement of any nuclear facility or any part thereof, and to report within six months to the Congress on the adequacy of such ^ Report to regulations to prevent the proliferation of nuclear capability for non- °"^'^^^^peaceful purposes. The President is also directed to review domestic and international nuclear safeguards and to report within six months to the Congress on the adequacy of such safeguards to prevent the proliferation, diversion or theft of all such nuclear materials and on efforts by the United States and other countries to strengthen international nuclear safeguards in anticipation of the Eeview Conference scheduled to be held in February 1975 pursuant to Article VIII, section 3 of the Treaty on the Non-Proliferation of Nuclear Weapons." ^^ UST 483. Approved October 29, 1974. Public Law 93-501 AN ACT

October 29, 1974

To authorize the regulation of interest rates payable on obligations issued by affiliates of certain depository institutions, and for other purposes. Be it enacted by the Seriate and House of Representatives Vnited States of America in Congress assembled.

[s. 3838]

of the

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^^^^ obligations. I s s u a n c e and s a l e, regulation.

TITLE I — K E G U L A T I O N OF I N T E R E S T R A T E S ON CERTAIN OBLIGATIONS SEC. 101. Section 19(a) of the Federal Reserve Act (12 U.S.C. 461) is amended by inserting "and, regardless of the use of the proceeds," immediately before "shall be deemed a deposit". (b) The amendment made by subsection (a) shall not apply to any bank holding company which has filed prior to the date of enactment of this Act an irrevocable declaration with the Board of Governors of the Federal Reserve System to divest itself of all of its banks under section 4 of the Bank Holding Company Act, or to any debt obligation which is an exempted security under section 3(a)(3) of the Securities Act of 1933. 38-194 O - 76 -16 Pt. 2

12

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461

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1843.

IS

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77c.

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