Extension of Export-Import Bank Act: Hearing Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-fourth Congress, Second Session, on S. 3868, S. 3329, and S. 2256. June 8, 1956

Pirmais vāks
Considers legislation to extend Export-Import Bank lending authority for five years and limit financing activities. Also considers legislation to establish Export Guaranty Corporation.
 

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4. lappuse - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
6. lappuse - If any provision of this Act, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
4. lappuse - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury...
1. lappuse - Bank shall be to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States or any of its Territories or insular possessions and any foreign country or the agencies or nationals thereof.
4. lappuse - ... to be redeemable at the option of the corporation before maturity in such manner as may be stipulated in such obligations...
5. lappuse - Secretary shall also contribute to the employees' compensation fund, on the basis of annual billings as determined by the Secretary of Labor for the benefit payments made from such fund on account of the employees engaged in carrying out the provisions of this title.
6. lappuse - ... intent to defraud the Corporation or wrongfully and unlawfully to defeat its purposes, shall, on conviction thereof, be fined not more than $5,000 or imprisoned not more than five years, or both. REPORTS TO CONGRESS SEC. 10. The Corporation shall submit to the President for transmission to the Congress at the beginning of each regular session an annual report of its operations under this Act.
5. lappuse - Determine the character of and the necessity for its obligations and expenditures and the manner in which they shall be incurred, allowed, and paid...
3. lappuse - Committee, and in necessary travel, and while so engaged they may be paid actual travel expenses and not to exceed $10 per diem in lieu of subsistence and other expenses.
5. lappuse - Bank shall be entitled to the use of the United States mails in the same manner and upon the same conditions as the executive departments of the Government.

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