The text of the bill below is as of Sep 27, 1974 (Passed Congress/Enrolled Bill).
You are reading a bill enacted 15,554 days ago. In the intervening time subsequent legislation may have amended or repealed the provisions below.
1158 PUBLIC LAW 93-423-SEPT. 27, 1974 [88 STAT. Public Law 93-423 September 27, 1974 AN ACT [H. R , 1 4 8 8 3 ] 'fo amend the Public Works and Economic Development Act of 1965 to extend the authorizations for a 2-year period, and for other purposes. Be it enacted hy the Senate and House of Representatives of the Public works program. United States of America in Congress assembled,, That the first sen- Extension. tence of section 105 of the Public Works and Economic Development 42 u s e 3135. Act of 1965, as amended, is amended by striking the period at the end thereof and inserting a comma and the following: "not to exceed $200,000,000 for the fiscal year ending June 30,1975, and not to exceed $250,000,000 for the fiscafyear ending June 30, 1976.". The final sen- tence of section 105 of such Act, as amended, is amended by inserting immediately after the words "and June 30, 1974," the following: "and not less than 10 per centum nor more than 35 per centum of all appro- priations made for the fiscal years ending June 30, 1975 and June 30, 1976,". Health project grants. SEC. 2. Section 102 of the Public Works and Economic Development 42 u s e 3132. Act of 1965, as amended, is amended to read as follows: "SEC. 102. For each of the fiscal years ending June 30, 1975, and June 30, 1976, not to exceed $30,000,000 of the funds authorized to be Supra, appropriated under section 105 of this Act for each such fiscal year shall be available for grants for operation of any health project funded under this title after the date of enactment of this section. Such grants may be made up to 100 per centum of the estimated cost of the first fiscal year of operation, and up to 100 per centum of the deficit in funds available for operation of the facility during the second fiscal year of operation. No grant shall be made for the second fiscal year of operation of any facility unless the agency operating such facility has adopted a plan satisfactory to the Secretary of Health, Educa- tion, and Welfare, providing for the funding of operations on a per- manent basis. Any grant under this section shall be made upon the condition that the operation of the facility will be conducted under efficient management practices designed to obviate operating deficits, as determined by the Secretary of Health, Education, and Welfare." Area eligibility. SEC. 3. (a) Title I V of such Act is amended— (1) by adding the following new paragraph at the end of section 42 u s e 3161. 401ra): "(8) those areas which the Secretary of Labor determines, on the basis of average annual available unemployment statistics, were areas of substantial unemployment during the preceding calendar year."; and (2) by striking out the period at the end of section 401(a) (7) and 42 u s e 3161 inserting in lieu thereof a semicolon. note. (b) Any area of substantial unemployment so designated under authority of section 102 of title I of the Public Works and Economic Supra. Development Act of 1965 which has not had such designation termi- nated before the date of enactment of this section shall be deemed for the purposes of such Act to be such an area designated under section Supra. 401(a)(8) of such Act. L o a n s , exten- SEC. 4. (a) Section 201(c) of such Act, as amended, is amended by sion. 42 u s e 3141. striking out the period at the end and inserting in lieu thereof ", and shall not exceed $75,000,000 per fiscal year for the fiscal years ending June 30, 1975, and June 30, 1976.". Loans for re- (b) Section 202 of such Act, as amended, is amended— development areas. (1) by striking all of subsection (a) and inserting in lieu 42 u s e 3142. thereof the following new subsection: "SEC. 202. (a) (1) The Secretary is authorized to aid in financing, within a redevelopment area, the purchase or development of land and
88 STAT. ] PUBLIC LA\^ 93-423-SEPT. 27, 1974 1159 facilities (including machinery and equipment) for industrial or com- mercial usage, including the construction of new buildings, the reha- bilitation of abandoned or unoccupied buildings, and the alteration, conversion, or enlargement of existing buildings by (A) purchasing evidences of indebtedness, (B) making loans (which for purposes of this section shall include participation in loans), (C) guaranteeing loans made to private borrowers by private lending institutions, for any of the purposes referred to in this paragraph upon application of such institution and upon such terms and conditions as the Secretary may prescribe, except that no such guarantee shall at any time exceed 90 per centum of the amount of the outstanding unpaid balance of such loan. "(2) The Secretary is authorized to aid in financing any industrial , *°'''''"^,L'T,^!f, or commercial activity withm a redeveloment area by (A) making working capital loans, (B) guaranteeing working capital loans made to private borrowers by private lending institutions upon application of such institution and upon such terms and conditions as the Secre- tary may prescribe, except that no such guarantee shall at any time exceed 90 per centum of the amount of the outstanding unpaid balance of such loan, (C) guaranteeing rental payments of leases for buildings and equipment, except that no such guarantee shall exceed 90 per centum of the remaining rental payments required by the lease."; (2) by striking out in subsection (b) (7) the comma after the words "no loan" and inserting immediately thereafter the words "or guarantee,". (3) by striking out in subsection (b) (9) "Loan assistance" and inserting in lieu thereof "Loan assistance (other than for a work- ing capital loan)". SEC. 5. (a) Section 302 of such Act. as amended, is amended by '^^ ^^^ ^^^^• redesignating such section as section 303. (b) Such Act, as amended, is amended by inserting immediately after section 301 the following new section 302: 42 use 3151. "SKC. 302. (a) The Secretary is authorized, upon application of Economic de- ci, J •! j_i i-i • 1 1 T • • n A^ 1 velopment plan- any State, or city, or other political subdivision of a State, or sub- nmg, grants. State planning and development organization (including a redevelop- '•^ use sisia. ment area or an economic develoj^ment district), to make direct grants to such State, city, otlier political subdivision, or organization to pay up to 80 per centum of the cost for economic development planning. The planning for cities, other political subdivisions, and sub-State planning and de\elopnient organizations (including redevelopment areas and economic development districts) assisted under this section shall include systematic efforts to reduce unemployment and increase incomes. Such planning shall be a continuous process involving public officials and private citizens in analyzing local economies, defining development goals, determining project opportunities, and formulat- ing and implementing a development program. Any overall State n,^„°„°^^„' planning. '^*''^ economic development planning assisted under this section shall be " """'"" conducted cooperatively by the State, cities and other political sub- divisions, and economic development organizations (including rede- velopment areas and economic development districts) located in whole or in part within such State, and such State planning shall incorporate tlie goals and objectives of local and economic development district planning. Any ovei'all State economic development planning shall be a part of a comprehensive planning process that shall consider the provision of public works to stimulate and channel development, economic opportunities and choices for individuals; to support sound land use, to enhance and protect the environment including the con-
1160 PUBLIC LAW 93-423-SEPT. 27, 1974 [88 STAT. servation and preservation of open spaces and environmental quality, to provide public services, and to balance physical and human resources through the management and control of physical development. The assistance available under this section may be provided in addition 42 use 3151. to assistance available under section 301(b) of this Act but shall not supplant such assistance and shall be available to develop an annual inventory of specific recommendations for assistance under section 304 ^"^'•^- of this Act. Each State receiving assistance under this subsection shall report. g^bniit to thc Secretary an annual report on the planning process assisted under this subsection. Development u/j^\ j^^ udditiou, thc Secretary is authorized to assist economic districts, assist- -, ^ •• ' t i- , • ] • ance. development districts in-— "(1) providing technical assistance (other than by grant) to local governments within the district; and 42 u s e 4231. "(2) carrying out any review procedure required pursuant to title I V of the Intergovernmental Cooperation Act of 1968, if such district has been designated as the agency to conduct such review.". *'(c) The planning assistance authorized under this title shall be used in accordance with the review procedure required pursuant to title I V of the Intergovernmental Cooperation Act of 1968 and shall be used in conjunction Avith any other available Federal planning assistance to assure adequate and effective planning and economical use of funds." Ante, p. 1159. ^^^ Sectioii 303 of such Act, as redesignated by this Act, is amended by inserting " ( a ) " immediately after "Sec. 3()3.", by striking "this title" and inserting in lieu thereof "sections 301 and 302 of this Act", by striking out the period at the end and inserting in lieu thereof the following: "and $75,000,000 per fiscal year for the fiscal years ending Limitation. June 30,1975, and June 30,1976.". "(b) Not to exceed $15,000,000 in each of the fiscal years ending June 30, 1975, and June 30, 1976, of the sums authorized to be appro- priated under subsection (a) of this section, shall be available to make grants to States.". (d) Such Act, as amended, is amended by adding after section 303 the following new section: "SUPPLEMENTAL AND BASIC GRANTS 42 u s e 3153. "SEC. 304. (a) There are hereby authorized to be appropriated $35,000,000 for the fiscal year ending June 30, 1975, and $75,000,000 for the fiscal year ending June 30, 1976, for apportionment by the Secretary among the States for the purpose of supplementing or making grants and loans authorized under titles I, I I , and I V of this 42 u s e 3131, Act. Such funds shall be apportioned among the States in the ratio 3141, 3 1 5 1 . which all grants made under title I of this Act since August 26, 1965. in each State bear to the total of all such grants made in all the States since August 26,1965. State contribu- " ( b ) Funds apportioned to a State pursuant to subsection (a) shall tion. be available for supplementing or making such grants or loans if the State makes a contribution of at least 25 per centum of the amount of such grant or loan in each case. Funds apportioned to a State under subsection (a) shall remain available to such State until obligated or expended by it, "(c) Funds apportioned to a State pursuant to this section may be used by the Governor in supplementing grants or loans with respect to any project or assistance authorized .under title I, I I , or I V of.this
88 STAT. ] PUBLIC LAW 93-423-SEPT. 27, 1974 1161 Act, and approved by the Secretary after July 1, 1974. Such grants ^^W^^^^f^^^' may be used to reduce or waive the non-Federal share otherwise required by this Act, subject to the requirements of subsection (b) of this section. " ( d ) In the case of any grant or loan for which all or any portion Federal con- of the basic Federal contribution to the project under this Act is pro- tribution. posed to be made with funds available under this section, no such Fed- eral contribution shall be made until the Secretary of Commerce certifies that such project meets all of the requirements of this Act and could be approved for Federal contributions under this Act if funds were available under this Act (other than section 509) for such project. 42 use sissa. Funds may be provided for projects in a State under this section only if the Secretary determines that the level of Federal and State financial assistance under this Act (other than section 509) and under Acts other than this Act, for the same type of projects in the State, will not be diminished in order to substitute funds authorized by this section. "(e) After June 30, 1975, funds apportioned to a State pursuant to this section shall be used by the Governor in a manner which is con- sistent with the State planning process assisted under section 302 of this Act, if such planning process has been established in such State." ^"'''' P- ^^''^• SKC. 6. Section 401(a) (3) of such Act, as amended, is amended by ^2 use 3161. adding at the end th< ^of the following: ^'Provided, howeve/r, That uninhabited Federal or State Indian reservations or trust or restricted Indian-owned land areas may be designated where such designation would permit assistance to Indian tribes, with a direct beneficial effect on the economic well-being of Indians;". SEC. 7. (a) Section 4 b 3 ( a ) ( l ) ( B ) of such Act, as amended, is District eiigi- amended by striking out the words "two or more redevelopment areas" ^'4'2^use 3171. and inserting in lieu thereof "at least one redevelopment area". (b) Section 403 of such Act, as amended, is amended by inserting at the end of such section the following two new subsections: "(i) Each economic development district designated by the Secre- tary under this section shall as soon as practicable after the date of enactment of this section or after its designation provide that a copy of the district overall economic development program be furnished to the appropriate regional commission established under title V of this Act, if any part of such proposed district is within such a region, or '^^ use 31 si. to the Appalachian Regional Commission established under the Appa- lachian Regional Development Act of 1965. if any part of such pro- 4o use app. 1. posed district is within the Appalachian region. "(j) The Secretary is authorized to provide the financial assistance which is available to a redevelopment area under this Act to those parts of an economic development district which are not within a redevelop- ment area, when such assistance will be of substantial direct benefit to a redevelopment area within such district. Such financial assistance shall be provided in the same manner and to the same extent as is provided in this Act for a redevelopment area, except that nothing in this subsection shall be construed to permit such parts to receive the increase in the amount of grant assistance authorized in paragraph (4) of subsection (a) of this section.". (c) Section 408(g) of such Act, as amended, is amended by striking out "for the fiscal year ending June 30, 1974," and inserting in lieu thereof "per fiscal year for the fiscal years ending June 30, 1974, June 30,1975, and June 30,1976,". SEC. 8. Title I V of the Public Works and Economic Development Act of 1965, as amended, is amended by adding at the end thereof the 42 u s e 3161. following new p a r t :
1162 PUBLIC LAW 93-423-SEPT. 27, 1974 [88 STAT. "PART C — I N D I A N ECONOMIC DEVKLOPMENT 42 u s e 3172. "SEC. 404. I n order to assure a minimum Federal commitment to alleviate economic distress of Indians, in addition to their eligibility for assistance with funds authorized under other parts of this Act, there are authorized to be appropriated not to exceed $25,000,000 per fiscal year for the fiscal years ending June 30, 1975, and June 30^ 1976, for the purpose of providing assistance under this Act to Indian tribes. Such sums shall be in addition to all other funds made available to Indian tribes under this Act." 42 use 3183. gj,(._ 9_ ^j^^ Section 503 of such Act, as amended, is amended by inserting "district," in paragraph (7) of subsection ( a ) , immediately after "other Federal, State,". Technical and (b) The first sentence of section 505(a) (2) of such Act, as amended, planning assist- ance. is amended by striking out "and training programs" and inserting 42 use 3185. "training programs, and the payment of administrative expenses to sub-State planning and development organizations (including eco- nomic development districts)," in lieu thereof. Grants-in-aid. (Q) Sectiou 509(d) of such Act, as amended, Is amended by Striking 42 use 3188a. ^^^ ^^^^ ^^^ ^-^^ ^^^^j ^^^ cndlug June 30, 1974, to be available until expended, $95,000,000." and inserting in lieu thereof "for the fiscal year ending June 30, 1974, to be available until expended, $95,000,000, and for each of the fiscal years ending June 30,1975, and June 30,1976, to be available until expended, $150,000,000.". 42 u s e 3190. (d) Section 511 of such Act, as amended, is amended to read as follows: "COORDINATION "SEC. 511. (a) The Secretary shall coordinate his activities in mak- ing grants and loans and providing technical assistance under this Act with those of each of the regional commissions (acting through the Federal and State cochairmen) established under this Act in making grants and providing technical assistance under this title, and each of such regional commissions shall coordinate its activities in making grants and providing technical assistance under this title with those activities of the Secretary under this Act. "(b) Each regional commission established under this Act shall give due consideration in carrying out its activities under paragraphs (2) 42 use 3183. and (7) of section 503(a) of this Act to the activities of other Federal, State, local, and sub-State (including economic development districts) planning agencies in the region." SEC. 10. Section 2 of the Act entitled "An Act to amend the Public Works and Economic Development Act of 1965 to extend the authori- zations for titles I through I V through fiscal year 1971", approved 42 use 3162 note. July 6, 1970 (Public Law 91-304), is amended by striking out "1974" and inserting in lieu thereof "1976". SEC. 11. Title V of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3181 et seq.) is amended by adding at the end thereof the following new section: a REGIONAL EXCESS PROPERTY PROGRAM and'^cu^i^osaT "SEC. 514. (a) Notwlthstaudiug any other provision of law, and 42 use 3193. subject to subsection (b), the Federal cochairman of each regional 42 use 3182. commission established under section 502 of this Act may acquire excess property, without reimbursement, through the Administrator of General Services and shall dispose of such property, without reim-
88 STAT. ] PUBLIC LAW 93-423-SEPT. 27, 1974 1163 bursement and for the purpose of economic development, by loaning to, or by vesting title in, any of the following recipients located wholly ^°^'^ recipieats. or partially within the economic development region of such Federal cochairman: " (1) any State or political subdivision thereof; " (2) any tax-supported organization; "(3) any Indian tribe, band, group, pueblo, or Alaskan village or Regional Corporation (as defined by the Alaska Native Land Claims Settlement Act of 1971) recognized by the Federal Gov- 43 use leoi ernment or any State, and any business owned by any tribe, band, group, pueblo, village, or Regional Corporation; " (4) any tax-supported or nonprofit private hospital; and "(5) any tax-supported or nonprofit private institution of higher education requiring a high school diploma, or equivalent, as a basis for admission. Such recipient may have, but need not have, received any other aid under this Act. For the purposes of this section, until a regional com- mission is established for the State of Alaska under section 502 of this Act, in the case of the State of Alaska the Secretary of Commerce shall 42 use 3182 exercise the authority granted to a Federal cochairman under this section. *'(b) For purposes of subsection (a) — "(1) each Federal cochairman, in the acquiring of excess property, shall have the same priority as other Federal agencies; and "(2) the Secretary shall prescribe rules, regulations, and pro- ^j^^^^'^g ""'^ '^^'' cedures for administering subsection (a) which may be different for each economic development region, except that the Secretary shall consult with the Federal cochairman of a region before pre- scribing such rules, regulations, and procedures for such region. •'(c) (1) The recipient of any property disposed of by any Federal Handling costs. cochairman under subsection (a) shall pay, to the Federal agency having custody of the property, all costs of care and handling incurred in the acquiring and disposing of such property; and such recipient shall pay all costs which may be incurred regarding such property after such Federal cochairman disposes of it, except that such recipient shall not pay any costs incurred after such property is returned under subsection (e). "(2) No Federal cochairman may be involved at any time in the receiving or processing of any costs paid by the recipient under paragraph (1). " ( d ) Each Federal cochairman. not later than six calendar months inventory. after the close of each fiscal year, shall account to the Secretary, as the Secretary shall prescribe, for all property acquired and disposed of, including any property acquired but not disposed of, under sub- section (a) during such fiscal year. The Secretary shall have access to all information and related material in the possession of such Federal cochairman regarding such property. "(e) Any property determined by the Federal cochairman to be no Report to GSA. longer needed for the purpose of economic development shall be reported by the recipient to the Administrator of General Services for disposition under the Federal Property and Administrative Services Act of 1949. 40 use 471 "(f) The value of any property acquired and disposed of, including note. any property acquired but not disposed of, under subsection (a) shall not be taken into account in the computation of any appropriation, or
1164 PUBLIC LAW 93-423-SEPT. 27, 1974 [88 STAT. any authorization for a])propriation, regarding any regional commis- 42 u s e 3182. sion establislied under section 502 or any office of the Federal cochair- man of such commission. " ( g ) For purposes of this section— H^r^'^"'^ handling." " ( 1 ) the term 'care and handling' has the meaning given it by section 3(h) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 472 ( h ) ) ; and " E x c e s s prop erty.'' "(2) the term 'excess property' has the meaning given it by section 3(e) of such Act (40 U.S.C. 472(e)), except that such term does not include real property.". SEC. 12. The Public Works and Economic Development Act of 1965, as amended, is amended by adding the following new title at the end of the Act: " T I T L E I X — S P E C I A L ECONOMIC D E V E L O P M E N T AND ADJUSTMENT ASSISTANCE a PURPOSE 42 u s e 3241. "SEC. 901. I t is the purpose of this title to provide special economic development and adjustment assistance programs to help State and local areas meet special needs arising from actual or threatened severe unemployment arising from economic dislocation, including miem- ployment arising from actions of the Federal Government and from compliance with environmental requirements which remove economic activities from a locality, and economic adjustment problems resulting from severe changes in economic conditions, and to encourage coopera- tive intergovernmental action to prevent or solve economic adjust- ment problems. Nothing in this title is intended to replace the efforts of the economic adjustment program of the Department of Defense. u.D E F I N I T I O N 42 u s e 3242. "SEC. 902. As used in this title, the term 'eligible recipient' means a redevelopment area or economic development district established 42 use 3161. under title I V of this Act, an Indian tribe, a State, a city or other political subdivision of a State, or a consortium of such political sul^divisions. "GRANTS BY SECRETARY 42 u s e 3243. "SEC. 903. (a) (1) The Secretary is authorized to make grants directly to any eligible recipient in an area which the Secretary has determined has experienced, or may reasonably be foreseen to be about to experience, a special need to meet an expected rise in unemployment, or other economic adjustment problems (including those caused by any action or decision of the Federal Government) to carry out or develop a plan which meets the requirements of subsection (b) of this section and which is approved by the Secretary, to use such grants for any of the following: public facilities, public services, business development, planning, unemployment compensation (in accordance with subsection (d) of this section), rent supplements, mortgage payment assistance, research, technical assistance, training, relocation of individuals, and other appropriate assistance. "(2) (A) Such grants may be used in direct expenditures by the eligible recipient or through redistribution by it to public and private entities in grants, loans, loan guarantees, or other appropriate assist- Restriction. ance, but no grant shall be made by an eligible recipient to a private profitmaking entity.
88 STAT. ] PUBLIC LAW 93-423-SEPT. 27, 1974 1165 " ( B ) Grants for imemplovment compensation shall be made to the unemployment / - . ^ ^ f ,1 1 n 1 1 , -J. compensation State. Grants for any other purpose shall be made to any appr-opriate grants. eligible recipient capable of carrying out such purpose. "(b) No plan shall be approved by the Secretary undei- this section Plans, approval. unless such plan shall— "(1) identify each economic development and adjustment need of the area for which assistance is sought under this title; "(2) describe each activity planned to meet each such need; "(8) explain the details of the method of carrying out each such ])lanned activity; "(4) contain assurances satisfactory to tlie Secretaiy that the proceeds from the repayment of loans made by the eligible recipient with funds granted under this title will be used for economic adjustment; and "(o) be in such form and contain sucli additional information as the Secretary shall prescribe. "(c) The Secj-etary to the extent practicable shall coordinate his w^h°e'^'iina\°" activities in requiring plans and making grants and loans under this organLttions. title with regional commissions, States, economic development districts and other appropriate planning and develoj^ment orgajiizations. Transfer of " ( d ) In each case in which the Secretary determines a need for funds. assistance under subsection (a) of this section due to an increase in unemployment and makes a grant under this section, the Secretary may transfer funds available for such grant to the Secretary of Labor and the Secretary of Labor is authorized to provide to any individual unemployed as a result of the dislocation for which such grant is made, such assistance as he deems appropriate M'hile the individual is unem- ployed. Such assistance as the Secretary of Labor may provide shall be available to an individual not otherwise disqualified under State law for unemployment compensation benefits, as long as the individ- ual's unemployment caused by the dislocation continues or until the individual is reemployed in a suitable position, but no longer than one year after the unemployment commences. Such assistance for a week of unemployment shall not exceed the maximum weekly amount authorized under the unemployment compensation law of the State in wdiich the dislocation occuri'ed, and the amount of assistance under this subsection shall be reduced by any amount of unemployment compensation or of ])rivate income protection insurance compensation available to such individual foi- such week of unemployment. The Secretary of Labor is directed to provide such assistance through agreements with States which, in his judgment, have an adequate system for administering such assistance through existing State agencies. "REPORTS AND EVALUATION "SEC. 904. (a) Each eligible recipient which receives assistance under ^^^ '^rt^to^se^'^cJ- this title shall annually during the period such assistance continues retary. make a full and complete report to the Secretary, in such manner as the Secretary shall prescribe, and such report shall contain an evalua- tion of the effectiveness of the economic assistance provided under this title in meeting the need it w^as designed to alleviate and the purposes of this title. "(b) The Secretary shall provide an annual consolidated report to rfsT""^' '° '^°"' the Congress, with his recommendations, if any, on the assistance authorized under this title, in a form w^hich he deems appropriate. The first such report to Congress under this subsection shall be made not later than January 30, 1976.
1166 PUBLIC LAW 93-424-SEPT. 27, 1974 [88 STAT. AUTHORIZATION OF APPROPRIATIONS 42 u s e 3245. "SEC. 905. There is authorized to be appropriated to carry out this title not to exceed $75,000,000 for the fiscal year ending June 30,1975, and $100,000,000 for the fiscal year ending June 30,1976." Approved September 27, 1974. Public Law 93-424 September 27, 1974 JOINT RESOLUTION [H. J . R e s . 910] Asking the President of the United States to declare the fourth Saturday of September, 1974, "National Hunting and Fishing Day". Resolved hy the Senate and House of Representatives of the United National Hunt- ing and Fishing States of America in Congress assembled, That the President of the Day. United States declare the fourth Saturday of September, 1974, as Designation authorization. "National Hunting and Fishing Day" to provide that deserved national recognition, to recognize the esthetic, health, and recreational virtues of hunting and fishing, to dramatize the continued need for gun and boat safety, and to rededicate ourselves to the conservation and respectful use of our wildlife and natural resources. Approved September 27, 1974. Public Law 93-425 September 30, 1974 JOINT RESOLUTION [S. J. R e s . 244] To extend termination date of Bxi)ort-Import Bank. Resolved hy the SenMe and House of Representatives of the United States of America in Congress assembled, That section 8 of the Export- Ante, p . 445. Import Bank Act of 1945 (12 U.S.C. 635f) is amended by striking "September 30, 1974" and inserting in lieu thereof "October 15,1974". Approved September 30, 1974. Public Law 93-426 September 30, 1974 AN ACT [S. 3270] To amend the Defense Production Act of 1950 and to establish a National Commission on Supplies and Shortages Act of 1974. Be it enacted hy the Senate and House of Representatives of the Defense Pro- United States of America in Congress assembled, That this Act may duction Act Amendments of be cited as the "Defense Production Act Amendments of 1974". 1974. SEC. 2. (a) Subsection (b) of section 304 of the Defense Production 50 u s e app. 2094 note. Act of 1950, as amended (50 U.S.C. App. 2094), is repealed. Repeal. (b) Such section 304 is amended by adding at the end thereof the following new subsections: