SEC. 2. As Amended by Act of May 24, 1934. That an alien who marries a citizen of the United States, after the passage of this Act, as here amended, or an alien whose husband or wife is naturalized after the passage of this Act, as here amended, shall not become a citizen of the United States by reason of such marriage or naturalization; but, if eligible to citizenship, he or she may be naturalized upon full and complete compliance with all requirements of the naturalization laws, with the following exceptions: "(a) No declaration of intention shall be required. "(b) In lieu of the five-year period of residence within the United States and the one year period of residence within the State or territory where the naturalization court is held, he or she shall have resided continuously in the United States, Hawaii, Alaska, or Porto Rico for at least three years immediately preceding the filing of the petition." SEC. 3. As amended by Act of May 3, 1931. (a) A woman citizen of the United States shall not cease to be a citizen of the United States by reason of her marriage after this section, as amended, takes effect, unless she makes a formal renunciation of her citizenship before a court having jurisdiction over naturalization of aliens. (b) Any woman who before this section, as amended, takes effect, has lost her United States citizenship by residence abroad after marriage to an alien or by marriage to an alien ineligible to citizenship may, if she has not acquired any other nationality by affirmative act, be naturalized in the manner prescribed in section 4 of the Act, as amended. Any woman who was a citizen of the United States at birth shall not be denied naturalization under section 4 on account of her race. (c) No woman shall be entitled to naturalization under section 4 of this Act, as amended, if her United States citizenship originated solely by reason of her marriage to a citizen of the United States or by reason of the acquisition of United States citizenship by her husband. (b) In lieu of the five year period of residence within the United States, and six months' period of residence in the county where the petitioner resided at the time of filing the petition, the petitioner shall have resided continuously in the United States, Hawaii, Alaska, or Puerto Rico for at least one year immediately preceding the filing of the petition. SEC. 2. Any alien who, after 12 o'clock noon, eastern standard time, May 24, 1934, has married or shall hereafter marry a citizen of the United States, or any alien whose husband or wife was naturalized after such date and during the existence of the marital relation or shall hereafter be so naturalized may, if eligible to naturalization, be naturalized upon full and complete compliance with all requirements of the naturalization laws, with the following exceptions: (a) No declaration of intention shall be required; (b) In lieu of the five-year period of residence within the United States, and the six months' period of residence in the county where the petitioner resided at the time of filing the petition, the petitioner shall have resided continuously in the United States, Hawaii, Alaska, or Puerto Rico for at least three years immediately preceding the filing of the petition. SEC. 3. The naturalization of any woman since 12 o'clock noon, eastern standard time, May 24, 1934, by any naturalization court of competent jurisdiction, upon proof of marriage to a citizen or the naturalization of her husband and proof of one year's residence in the United States is hereby validated so far as relates to the period of residence required to be proved by such person under the naturalization laws. SEC. 4. As amended by the Act of July 3, 1930. (a) A woman who has lost her United States citizenship by reason of her marriage to an alien eligible to citizenship, or by reason of the loss of United States citizenship by her husband, may, if eligible to citizenship and if she has not acquired any other nationality by affirmative act, be naturalized upon full and complete compliance with all requirements of the naturalization laws, with the following exceptions: (1) No declaration of intention and no certificate of arrival shall be required, and no period of residence within the United States or within the county where the petition is filed shall be required; (2) The petition need not set forth that it is the intention of the petitioner to reside permanently within the United States; (3) The petition may be filed in any court having naturalization jurisdiction regardless of the residence of the petitioner; (4) If there is attached to the petition, at the time of filing, a certificate from a naturalization examiner stating that the petitioner has appeared before him for examination, the petition may be heard at any time after filing. (b) After her naturalization such woman shall have the same citizenship status as if her marriage, or the loss of citizenship by her husband, as the case may be, had taken place after this section, as amended, takes effect. Sec. 5 repealed by Act of Mar. 3, 1931.] SEC. 4. The naturalization of any male person after 12 o'clock noon, eastern standard time, May 24, 1934, by any naturalization court of competent jurisdiction, upon proof of marriage to a citizen of the United States after September 21, 1922, and prior to 12 o'clock noon, eastern standard time, May 24, 1934, or the naturalization during such period of his wife, and upon proof of three years' residence in the United States, is hereby validated only so far as relates to the period of residence required to be proved by such person under the naturalization laws and the omission by such person to make a declaration of intention. о SEC. 5. The Act of September 22, 1922 (42 Stat. 1021), as amended, and the Act of May 24, 1934 (48 Stat. 797), are amended from and after the effective date of this Act and not otherwise. INTEREST RATE ON LAND BANK AND COMMISSIONER LOANS APRIL 30, 1937.-Committed to the Committee of the Whole House on the state of the Union and ordered to be printed Mr. JONES, from the Committee on Agriculture, submitted the following REPORT [To accompany H. R. 6763] The Committee on Agriculture, to whom was referred the bill (H. R. 6763) to extend for 1 additional year the 31⁄2-percent interest rate on certain Federal land-bank loans, to provide a 4-percent interest rate on such loans for the period July 1, 1938, to June 30, 1939, and to provide for a 4-percent interest rate on Land Bank Commissioner's loans for a period of 2 years, report it back to the House without amendment and recommend that the bill do pass. Section 1 (a) of the bill provides for a continuance of the reduced rate of interest on certain loans made by the Federal land banks. Under the present law, the 31⁄2 percent interest rate on loans made through national farm-loan associations, through agents, or purchased from joint stock land banks, which were outstanding on May 12, 1933, or which are made through national farm-loan associations after that date, does not apply to interest payable on installment dates occurring after June 30, 1937. The effect of section 1 is to provide a maximum interest rate of 3%1⁄2 percent per annum on such loans for interest payable on due dates occurring on or after July 1, 1937, and before July 1, 1938, and a maximum interest rate of 4 percent per annum for interest payable on due dates occurring on or after July 1, 1938, and before July 1, 1939. The operation of the reduced interest rate since it has been in effect has given substantial relief to many borrowers from the land banks and furnishes an example which has had the effect of reducing interest rates on private lending on farm mortgages. Section 1 (a) makes the necessary technical amendment extending the period for which payments are made by the United States to the land banks on account of the reduction in interest payments to them. Section 2 of the bill provides that in the case of first- and secondmortgage loans made by the Land Bank Commissioner (under sec. 32 of the Emergency Farm Mortgage Act) either on his own behalf or on behalf of the Federal Farm Mortgage Corporation, the interest rate shall not exceed 4 percent per annum for interest payable on installment dates occurring after the date of the enactment of the bill and during the period of 2 years thereafter. This provision applies to interest payable during the 2-year period on loans outstanding on the date of the enactment of the bill as well as to loans made thereafter during such 2-year period. It is believed by the committee that a reduction in this rate for the period indicated will afford substantial relief to many hard-pressed farmers and prevent the foreclosure of many loans made by the Commissioner. The reduced interest rate will not, it is believed, impose an undue burden on the Farm Credit Administration which it is unable to bear, for the original $200,000,000 which was available for these loans was an allocation from the Reconstruction Finance Corporation, and other funds available for these loans are derived out of sales of Federal Farm Mortgage Corporation bonds upon which latter the interest rate has been approximately 3 percent per annum. CHANGES IN EXISTING LAW In compliance with paragraph 2a of rule XIII of the Rules of the House of Representatives, changes in existing law made by the bill are shown as follows: Existing law proposed to be omitted is enclosed in black brackets, new matter is printed in italics, existing law in which no change is proposed is shown in roman. Federal Farm Loan Act, as amended, sec. 12, par. "Twelfth", first four sentences: Twelfth. Notwithstanding the provisions of paragraph "Second", the rate of interest on any loans on mortgage made through national farm-loan associations or through agents as provided in section 15, or purchased from joint-stock land banks, by any Federal land bank, outstanding on the date this paragraph takes effect or made through national farm-loan associations after such date, shall not exceed 3% per centum per annum for all interest payable on installment dates [occurring within a period of two years commencing July 1, 1935] occurring within a period of three years commencing July 1, 1935, and shall not exceed 4 per centum per annum for all interest payable on installment dates occurring within a period of one year commencing July 1, 1938; and no payment of the principal portion of any installment of any such loan outstanding on the date of the enactment of the Farm Credit Act of 1935 shall be required prior to July 11, 1938, if the borrower shall not be in default with respect to any other condition or covenant of his mortgage. The foregoing provisions shall apply to loans made by Federal land banks through branches, except that the rates of interest paid for the respective periods above specified shall be one-half of 1 per centum per annum in excess of the rates of interest paid during the corresponding periods by borrowers on mortgage loans made through national farm-loan associations. The Secretary of the Treasury shall pay each Federal land bank, as soon as practicable after October 1, 1933, and after the end of each quarter thereafter, such amount as the Land Bank Commissioner certifies to the Secretary of the Treasury is equal to the amount by which interest payments on mortgages held by such bank have been reduced, during the preceding quarter, by reason of this paragraph; but in any case in which the Land Bank Commissioner finds that the amount of interest payable by such bank during any quarter has been reduced by reason of the refinancing of bonds under section 32 of this Act, the amount of the reduction so found shall be deducted from the amount payable to such bank under this paragraph. No payments shall be made to a bank with respect to any period after June 30, [1938 1939. |