careful, therefore, not to decrease tariffs on a mutual basis with great fanfare while at the same time quietly allowing our local governments to interfere with our foreign trade to a substantial extent and in a most irritating way. On behalf of the American Institute for Imported Steel-and for myself personally as well-I urge your committee, therefore, to take corrective steps by amending the instant bill as suggested. Whether or not such amendments are made, we urge adoption of H.R. 11970. The CHAIRMAN. Thank you, Mr. Graubard. Any questions? The committee will adjourn until Monday at 10 o'clock. (The following letter was later received with reference to the colloquy on p. 186:) Hon. JOHN MARSHALL BUTLER, THE SECRETARY OF COMMERCE, DEAR SENATOR BUTLER: In the course of my testimony on H.R. 11970, the trade bill, before the Senate Finance Committee on July 23, 1962, you inquired whether the administration would have any objection to changing the word "or" on page 10, line 14, to "and" so as to prohibit the President from negotiating a concession with respect to an article under section 224 until the Tariff Commission had made its report as to injury and 6 months had elapsed. It is our feeling, upon reflection, that the provision in section 224 should remain as the House passed it. It is inappropriate that the bill should permit the Tariff Commission, by defaulting in performance of its obligation under the bill to report within 6 months, to prevent the President from going forward with tariff negotiations authorized in the bill and which he deems to be of overriding national importance. We do not understand that the Tariff Commission expects to be unable to meet the 6-month requirement. Moreover, if the Tariff Commis sion completes its work in less than 6 months, the President should not be required to wait the full 6 months, which would be required if the word "and" were to be substituted for the word "or." Sincerely yours, LUTHER H. HODGES, (Thereupon, at 10:45 a.m., the committee recessed, to reconvene at 10 a.m., Monday, July 30, 1962.) O HEARINGS BEFORE THE COMMITTEE ON FINANCE UNITED STATES SENATE EIGHTY-SEVENTH CONGRESS SECOND SESSION ON H.R. 11970 AN ACT TO PROMOTE THE GENERAL WELFARE, FOREIGN POLICY, AND SECURITY OF THE UNITED STATES THROUGH INTERNATIONAL TRADE AGREEMENTS AND THROUGH ADJUSTMENT ASSISTANCE TO DOMESTIC INDUSTRY, AGRICULTURE, AND LABOR, AND FOR OTHER PURPOSES 87270 JULY 30, 31, AUGUST 1, 2, AND 6, 1962 PART 2 Printed for the use of the Committee on Finance U.S. GOVERNMENT PRINTING OFFICE For sale by the Superintendent of Documents, U.S. Government Printing Office |