Statement of— - CONTENTS Bell, David E., Administrator, Agency for International Develop- Confer, Bernard A., executive secretary, Lutheran World Relief, ‚ Danielian, Dr. N. R., president, International Economic Policy Devine, Fred W., deputy executive director, CARE, New York, N.Y__ Freeman, Hon. Orville L., Secretary of Agriculture_ Graham, Harry L., legislative assistant to the master, National 56 Gremillion, the Very Reverend Joseph, director, Division of Social Economics, Catholic Relief Services, National Catholic Welfare S. 2925, 88th Congress_ Miller, Tom Hall, president, American Partners_ Phillips, Edward C., American Merchant Marine Institute_-_- Van Deusen, the Reverend Robert E., Washington secretary of the Miscellaneous documents: S. 1498, 88th Congress- S. 2687, 88th Congress. Report on S. 1498 from Department of Agriculture_ Report on S. 1498 from Department of State___ Letter from Comptroller General of the United States- Cost of commodities exported under title I, Public Law 480. Table, loans under Public Law 480, title I, section 104(g) - Table, disbursements to promote economic delopment and multi- lateral trade granted under Public Law 480, title I, subsection Table, Public Law 480 commitments to export U.S. farm commodities. Hon. Jacob K. Javits, a U.S. Senator from the State of New York..- Walter A. Hasty, Jr., assistant director, Legislative Services Division, Ray R. Murdock, legislative director, American Maritime Association E. Edward Behre, Policy Committee, Friends Committee on National Herman Will, Jr., Division of Peace and World Order, General Board III EXTENSION OF PUBLIC LAW 480, 83D CONGRESS WEDNESDAY, AUGUST 12, 1964 U.S. SENATE, COMMITTEE ON AGRICULTURE AND FORESTRY, The committee met, pursuant to notice, at 9:30 a.m., in room 324, Old Senate Office Building, Senator Allen J. Ellender (chairman) presiding. Present: Senators Ellender, Johnston, Talmadge, Jordan of North Carolina, McCarthy, Mrs. Neuberger, McGovern, Walters, Aiken, Young of North Dakota, Cooper, and Mechem. The CHAIRMAN. The committee will come to order. We have before us this morning several bills which will be made a part of the record at this time, along with reports on them, dealing with the subject of an extension of Public Law 480. Included among these reports is a statement of the Comptroller General, and I notice that Mr. Ralph Ramsay, Associate General Counsel for the General Accounting Office, and a number of his associates are present in the event we may need further information from them. We will also include a copy of H.R. 12298, which I understand the House committee is to report with a few amendments. (S. 1498, S. 2687, S. 2925, and H.R. 12298, together with reports and staff analysis, are as follows:) [S. 1498, 88th Cong., 1st sess.] A BILL To amend section 304 of the Agricultural Trade Development and Assistance Act of 1954 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That clause (1) of section 304 (a) of the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1693), is amended to read as follows: "(1) to assist, through provisions for alternative marketing and purchasing opportunities agreed upon in cooperation with friendly nations and through other means, such friendly nations to be independent of trade with the Union of Soviet Socialist Republics and with nations or areas dominated or controlled by the Union of Soviet Socialist Republics or the Communist regime in China, and". [S. 2687, 88th Cong., 2d sess.] A BILL To extend the Agricultural Trade Development and Assistance Act of 1954, and for other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Agricultural Trade Development and Assistance Act of 1954, as amended, is further amended as follows: (1) Section 101 of such Act is amended by adding at the end thereof the following new subsection: 1 "(g) require such foreign currencies to be convertible to dollars to the extent consistent with effectuation of the purposes of this Act." (2) Section 102 of such Act is amended by adding at the end thereof the following: "The Commodity Credit Corporation shall finance ocean freight charges under this section only to the extent that such charges are higher (than would otherwise be the case) by reason of a requirement that the commodities be transported in United States-flag vessels." (3) Effective January 1, 1965, section 103 (b) of such Act is amended to read as follows: "(b) Agreements shall not be entered into under this title during the period beginning January 1, 1965, and ending December 31, 1969, which will call for appropriations to reimburse the Commodity Credit Corporation in a total amount in excess of $7,100,000,000 plus any amount by which agreements entered into in prior years have called or will call for appropriations to reimburse the Commodity Credit Corporation in amounts less than authorized for such prior years by this Act as in effect during such years: Provided, That agreements shall not be entered into during any calendar year of such period which will call for appropriations to reimburse the Commodity Credit Corporation in amounts in excess of $2,500,000,000. In addition to the agreements which may be entered into within the foregoing limitations, agreements may also be entered into in an amount equal to amounts received in United States dollars as loan repayments under this title and deposited to the account of the Commodity Credit Corporation or as reimbursements from other agencies pursuant to section 105 of this Act or section 407 of the Act of September 1, 1954, as amended (5 U.S.C. 171z-1)." (4) Section 104 of such Act is amended by striking out in subsection (c) the world "military" and inserting after the words "common defense" the words "including internal security”. (5) Section 104 of such Act is amended by striking from subsection (e) the words "not more than 25 per centum of the currencies received pursuant to each such agreement shall be available" and substituting "currencies shall also be available". (6) Section 104 of such Act is amended by adding the following new subsections: "(t) For the sale for dollars to nonprofit voluntary agencies for payment of expenses in foreign countries in connection with the distribution of surplus agricultural commodities and products thereof pursuant to titles II and III of this Act and section 9 of the Act of September 6, 1958 (72 Stat. 1790): Provided, That nothing contained herein shall prohibit the payment of such expenses pursuant to other authority contained in this or any other Act. "(u) For the sale for dollars to privately owned United States-flag commercial vessels for use in paying port fees, unloading, lightering, and other necessary expenses in foreign ports in connection with the carrying of cargo under this Act and section 9 of the Act of September 6, 1958 (72 Stat. 1790).” (7) Section 104 of such Act is amended by adding at the end thereof the following: "Any loan made under the authority of this section shall bear interest at such rate as the President may determine but not less than the cost of funds to the United States Treasury, taking into consideration the current average market yields on outstanding marketable obligations of the United States having maturity comparable to the maturity of such loans." (8) Section 108 of such Act is amended by striking out the words "six months" and inserting in lieu thereof the word "year"; and by adding at the end of such section the following: "In the case of any country which has more than one exchange rate, or for which the exchange rate in effect at the time of the sale did not reflect the real value of the foreign currency, such report shall specify the various effective exchange rates, the exchange rate applied to the sale, an estimate of the real value of the currency, and such other information as may be appropriate to explain the transaction". (9) Section 203 of such Act is amended (i) by striking out "1961" and substituting "1965"; (ii) by striking out "1964" and substituting "1969"; (iii) by striking out "$300,000,000"; and substituting "$450,000,000"; and (iv) by inserting after "charges for general average contributions arising out of the ocean transport of commodities transferred pursuant hereto" the following: "or donated under said section 416, section 308 of this Act or section 9 of the Act of September 6, 1958 (72 Stat. 1790)". Clauses (i), (ii), and (iii) hereof shall not become effective until January 1, 1965. (10) Sections 109 and 204 of such Act are amended by striking out "1964" and inserting "1969". (11) Title III of such Act is amended by adding at the end thereof the following new section: "SEC. 309. The President shall take such measures as may be necessary to assure that funds and commodities available under title I and IV and section 202 of this Act are used only to carry out purposes which otherwise would be carried out with appropriated funds. The President shall include in the annual budget required by the Budget and Accounting Act, 1921, for the fiscal year ending June 30, 1966, and for each fiscal year thereafter a statement showing for each subsection of section 104 the following: (a) The estimated amount of foreign currencies available under title I for the purposes of such subsection, and the amount proposed to be used therefor during such fiscal year; (b) the estimated amount of all other commodities and funds available under each other provision of this and other Acts for generally similar purposes, and the amount thereof proposed to be used for such generally similar purposes during such fiscal year; (c) the amount of appropriations provided for in the budget for generally similar purposes, designating each appropriation item; (d) the reasons for not using commodities and funds described in (a) and (b) in lieu of the appropriations described in (c); and (e) the total amounts of currencies, commodities and funds devoted to such purposes and generally similar purposes during the period beginning July 10, 1954, and ending up with the last date prior to the submission of the budget for which such information is available. For the purposes of the foregoing sentence currencies, commodities, and funds shall be considered available for any purpose if they could lawfully and properly be used for such purpose, even though they may have been administratively allocated to some other purpose. Such statement shall also contain an estimate of the value of commodities to be covered by sales agreements or grants negotiated or made under title I and IV and section 202 of this Act, respectively, during such fiscal year; the amounts of the sales proceeds therefor (including the value of any economic or community development carried out through grants under section 202); the purposes for which such proceeds will be used; the extent to which such use will preclude the necessity for the appropriation of other funds; and, if any foreign currencies which will accrue under any such agreement cannot be used within the foreseeable future, the reasons for entering into such agreement. No agreement shall be entered into which would result in exceeding any estimate provided for in the preceding sentence, or such other limitation as may be fixed by appropriation Act." (12) The first sentence of section 403 of such Act is amended by striking out the words "more than" and inserting the words "less than". [S. 2925, 88th Cong., 2d sess.] A BILL To amend title II of Public Law 480, Eighty-third Congress, to authorize the use of foreign currencies by the President to carry out more effectively programs undertaken under titles II and III Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 203 of the Agricultural Trade Development and Assistance Act of 1954 (Public Law 480, Eighty-third Congress), as amended, is amended as follows: (1) After the third sentence insert the following new sentence: "In addition to other funds available for such purposes under any other Act, funds made available under this title may be used to purchase foreign currencies accruing under title I in order to meet costs (except the personnel and administrative costs of cooperating sponsors, distributing agencies, and recipient agencies) designed to assure that commodities made available under this title or under title III are used to carry out more effectively the purposes for which such commodities are made available or to promote community and other self-help activities designed to alleviate the causes of the need for such assistance: Provided, however, That such funds shall be used only to supplement, and not substitute for, funds normally available for such purposes from other non-United States Government sources." (2) In the last sentence after "costs" insert "or for the purchase of foreign currencies". |