Chapter 661 - 2d Session H. R. 11375 AN ACT All 70 Stat. 596. To amend the Agricultural Act of 1949, as amended, to further extend the Special School Milk Program to certain institutions for the care and training of children. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the last sentence of section 201 (c) of the Agricultural Act of 1949, as amended, is amended to read as follows: "For the period beginning September 1, 1954, and ending June 30, 1955, not to exceed $50,000,000, and for the fiscal year ending June 30, 1956, not to exceed $60,000,000, and for each of the two fiscal years in the period beginning July 1, 1956, and ending June 30, 1958, not to exceed $75,000,000, of the funds of the Commodity Credit Corporation shall be used to increase the consumption of fluid milk by children in (1) nonprofit schools of highschool grade and under; and in (2) nonprofit nursery schools, childcare centers, settlement houses, summer camps, and similar nonprofit institutions devoted to the care and training of children." Approved July 20, 1956. School Milk Program. 63 Stat. 1052. 7 USC 1446. Chapter 690 2d Session H. R. 9333 AN ACT All 70 Stat. 630. To amend the Commodity Exchange Act to provide for hedging anticipated requirements of processors and manufacturers. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4a (3) of the Commodity Exchange Act is amended by striking out the period 49 Stat. 1493. at the end thereof and inserting at the end thereof a semicolon and 7 USC 68. the following new paragraph: "(C) an amount of such commodity the purchase of which for future delivery shall not exceed such person's unfilled anticipated requirements for processing or manufacturing during a specified operating period not in excess of one year: Provided, That such purchase is made and liquidated in an orderly manner and in accordance with sound commercial practice in conformity with such regulations as the Secretary of Agriculture may prescribe." SEC. 2. This Act shall take effect sixty days after the date of its Effective date. enactment. Approved July 24, 1956. Chapter 738 - 2d Session S. 3832 AN ACT To provide for the disposal of the Government-owned synthetic rubber research laboratories at Akron, Ohio. laboratories, Akron, Ohio. note. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Govern- Rubber research ment laboratories at Akron, Ohio, now under control of the National Science Foundation are hereby transferred to the General Services Disposal. Administration for disposal in accordance with the Federal Property and Administrative Services Act of 1949, except that the Administra- 63 Stat. 377. tor of General Services shall first offer the laboratories for public sale 40 USC 471 before seeking to dispose of them by transfer or assignment to any Federal agency. The Administrator of General Services, before he 70 Stat. 657. offers the laboratories to the public for sale, shall ascertain what the 70 Stat. 658. value of the laboratories would be to Government agencies which would make substantial use thereof, and the Administrator shall not sell the laboratories to the public unless he finds, after consultation with the Director of the Budget Bureau, that such sale to the public would be in the best interests of the United States, taking into consideration among other relevant factors the value of the laboratories to any interested agency and the amounts offered by public bidders. The National Science Foundation is authorized to reimburse the General Services Administration in advance for expenses necessary for the protection and maintenance of the laboratories up to June 30, 1957. Approved July 26, 1956. (544) 2d Session To amend the provisions of the Perishable Agricultural Commodities Act, 1930, relating to practices in the marketing of perishable agricultural commodities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 2 (5) Perishable agriof the Perishable Agricultural Commodities Act, 1930 (7 U. S. C., cultural commodisec. 499b (5)), is amended to read as follows: ties. "(5) For any commission merchant, dealer, or broker to misrepre- Unfair conduct. sent by word, act, mark, stencil, label, statement, or deed, the character, kind, grade, quality, quantity, size, pack, weight, condition, degree of maturity, or State, country, or region of origin of any perishable agricultural commodity received, shipped, sold, or offered to be sold in interstate or foreign commerce;". SEC. 2. (a) Section 3 (b) of such Act (7 U. S. C., sec. 499c (b)) is License. amended by striking out in the third sentence the words "of $15" and 64 Stat. 217. inserting "not to exceed $25". (b) The last proviso of section 4 (a) of such Act (7 U. S. C., sec. Fees. 499d (a)) is amended by striking out "a fee of $20" and inserting "the 64 Stat. 218. fee provided in section 3 (b), plus $5". SEC. 3. Section 4 (d) of such Act (7 U. S. C., sec. 499d (d)) is 50 Stat. 726. amended to read as follows: "(d) The Secretary may withhold the issuance of a license to an Investigation. applicant, for a period not to exceed thirty days pending an investigation, for the purpose of determining (a) whether the applicant is unfit to engage in the business of a commission merchant, dealer, or broker because the applicant, or in case the applicant is a partnership, any general partner, or in case the applicant is a corporation, any officer or holder of more than 10 per centum of the stock, prior to the date of the filing of the application engaged in any practice of the character prohibited by this Act or was convicted of a felony in any State or Federal court, or (b) whether the application contains any materially false or misleading statement or involves any misrepresentation, concealment, or withholding of facts respecting any violation of the Act by any officer, agent, or employee of the applicant. If after investiga- Hearing. tion the Secretary believes that the applicant should be refused a license, the applicant shall be given an opportunity for hearing within sixty days from the date of the application to show cause why the license should not be refused. If after the hearing the Secretary finds that the applicant is unfit to engage in the business of a commission merchant, dealer, or broker because the applicant, or in case the applicant is a partnership, any general partner, or in case the applicant is a corporation, any officer or holder of more than 10 per centum of the stock, prior to the date of the filing of the application engaged in any practice of the character prohibited by this Act or was convicted of a felony in any State or Federal court, or because the application contains a materially false or misleading statement made by the applicant or by its representative on its behalf, or involves a misrepresentation, concealment, or withholding of facts respecting any violation of the Act by any officer, agent, or employee, the Secretary may refuse to issue a license to the applicant." SEC. 4. Section 4 of such Act is further amended by adding at the 50 Stat. 726. end thereof the following subsection: 7 USC 499d. license. "(e) The Secretary may refuse to issue a license to an applicant Refusal of if he finds that the applicant, or in case the applicant is a partnership, any general partner, or in case the applicant is a corporation, any officer or holder of more than 10 per centum of the stock, has, within 55-000 O-71-36 46 Stat. 588. Suspension of license. 46 Stat. 536. Inspection of accounts, eto. All 70 Stat. 727. three years prior to the date of the application, been adjudicated or discharged as a bankrupt, or was a general partner of a partnership or officer or holder of more than 10 per centum of the stock of a corporation adjudicated or discharged as a bankrupt, unless the applicant furnishes a bond of such nature and amount as may be determined by the Secretary or other assurance satisfactory to the Secretary that the business of the applicant will be conducted in accordance with this Act." SEC. 5. Section 8 (b) of such Act (7 U. S. C., sec. 499h (b)) is amended to read as follows: "(b) The Secretary may, after thirty days' notice and an opportunity for a hearing, suspend or revoke the license of any commission merchant, dealer, or broker who, after the date given in such notice, continues to employ in any responsible position any individual whose license has been revoked or is under suspension or who was responsibly connected with any firm, partnership, association, or corporation whose license has been revoked or is under suspension. Employment of an individual whose license has been revoked or is under suspension for failure to pay a reparation award or who was responsibly connected with any firm, partnership, association, or corporation whose license has been revoked or is under suspension for failure to pay a reparation award after one year following the revocation or suspension of any such license may be permitted by the Secretary upon the filing by the employing licensee of a bond, of such nature and amount as may be determined by the Secretary, or other assurance satisfactory to the Secretary that its business will be conducted in accordance with the provisions of this Act;". SEC. 6. Section 13 (a) of such Act (7 U. S. C., sec. 499m (a)) is amended to read as follows: "(a) The Secretary or his duly authorized agents shall have the right to inspect such accounts, records, and memoranda of any commission merchant, dealer, or broker as may be material (1) in the investigation of complaints under this Act, or (2) to the determination of ownership, control, packer, or State, country, or region of origin in connection with commodity inspections, or (3) to ascertain whether section 9 of this Act is being complied with, and if any such commission merchant, dealer, or broker refuses to permit such inspection, the Secretary may publish the facts and circumstances and/or, by order, suspend the license of the offender until permission to make such inspection is given. The Secretary or his duly authorized agents shall have the right to inspect any lot of any perishable agricultural commodity covered by this Act, and if any commission merchant, dealer, or broker having ownership of or control over such lot fails or refuses to authorize or allow such inspection, the Secretary may, after thirty days' notice and an opportunity for a hearing, publish the facts and circumstances and/or, by order, suspend the license of the offender for a period not to exceed ninety days." Approved July 30, 1956. |