Journal of the Senate of the United States of America

making of any interim arrangements by the Secretary pursuant to section 7 of this Act shall not prejudice the ultimate settlement or adjudication of the question as to wheher or not the area involved is in the outer Continental Shelf.

(i) The Secretary may cancel any lease obtained by fraud or misrepresentation.

(j) Any person complaining of a cancellation of a lease by the Secretary may have the Secretary's action reviewed in the United States District Court for the District of Columbia by filing a petition for review within sixty days after the Secretary takes such action.

Sec. 9. Disposition of Revenues.-All rentals, royalties, and other sums paid to the Secretary or the Secretary of the Navy under any lease on the outer Continental Shelf for the period from June 5, 1950, to date, and thereafter shall be deposited in the Treasury of the United States and credited to miscellaneous receipts.

Sec. 10. Refunds.-(a) Subject to the provisions of subsection (b) hereof, when it appears to the satisfaction of the Secretary that any person has made a payment to the United States in connection with any lease under this Act in excess of the amount he was lawfully required to pay, such excess shall be repaid without interest to such person or his legal representative, if a request for repayment of such excess is filed with the Secretary within two years after the making of the payment, or within ninety days after the effective date of this Act. The Secretary shall certify the amounts of all such repayments to the Secretary of the Treasury, who is authorized and directed to make such repayments out of any moneys in the special account established under section 9 of this Act and to issue his warrant in settlement thereof.

(b) No refund of or credit for such excess payment shall be made until after the expiration of thirty days from the date upon which a report giving the name of the person to whom the refund or credit is to be made, the amount of such refund or credit, and a summary of the facts upon which the determination of the Secretary was made is submitted to the President of the Senate and the Speaker of the House of Representatives for transmittal to the appropriate legislative committee of each body, respectively: Provided, That if the Congress shall not be in session on the date of such submission or shall adjourn prior to the expiration of thirty days from the date of such submission, then such payment or credit shall not be made until thirty days after the opening day of the next succeeding session of Congress.

Sec. 11. Geological and Geophysical Explorations.-Any agency of the United States and any person authorized by the Secretary may conduct geological and geophysical explorations in the outer Continental Shelf, which do not interfere with or endanger actual operations under any lease maintained or granted pursuant to this Act, and which are not unduly harmful to aquatic life in such

area.

26100-s J-83-1-35

Sec. 12. Reservations.-(a) The President of the United States may, from time to time, withdraw from disposition any of the unleased lands of the outer Continental Shelf.

(b) In time of war, or when the President shall so prescribe, the United States shall have the right of first refusal to purchase at the market price all or any portion of any mineral produced from the outer Continental Shelf.

(c) All leases issued under this Act, and leases, the maintenance and operation of which are authorized under this Act, shall contain or be construed to contain a provision whereby authority is vested in the Secretary, upon a recommendation of the Secretary of Defense, during a state of war or national emergency declared by the Congress or the President of the United States after the effective date of this Act, to suspend operations under any lease; and all such leases shall contain or be construed to contain provisions for the payment of just compensation to the lessee whose operations are thus suspended.

(d) The United States reserves and retains the right to designate by and through the Secretary of Defense, with the approval of the President, as areas restricted from exploration and operation that part of the outer Continental Shelf needed for national defense; and so long as such designation remains in effect no exploration or operations may be conducted on any part of the surface of such area except with the concurrence of the Secretary of Defense; and if operations or production under any lease theretofore issued on lands within any such restricted area shall be suspended, any payment of rentals, minimum royalty, and royalty prescribed by such lease likewise shall be suspended during such period of suspension of operation and production, and the term of such lease shall be extended by adding thereto any such suspension period, and the United States shall be liable to the lessee for such compensation as is required to be paid under the Constitution of the United States.

(e) All uranium, thorium, and all other materials determined pursuant to paragraph (1) of subsection (b) of section 5 of the Atomic Energy Act of 1946, as amended, to be peculiarly essential to the production of fissionable material, contained, in whatever concentration, in deposits in the subsoil or seabed of the outer Continental Shelf are hereby reserved for the use of the United States.

(f) The United States reserves and retains the ownership of and the right to extract all helium, under such rules and regulations as shall be prescribed by the Secretary, contained in gas produced from any portion of the outer Continental Shelf which may be subject to any lease maintained or granted pursuant to this Act, but the helium shall be extracted from such gas so as to cause no substantial delay in the delivery of gas produced to the purchaser of such gas.

Sec. 13. Naval Petroleum Reserve, Exutive Order Repealed.-Executive Order Numbered 10426, dated January 16, 1953,

entitled "Setting Aside Submerged Lands of the Continental Shelf as a Naval Petroleum Reserve", is hereby revoked.

Sec. 14. Prior Claims Not Affected.Nothing herein contained shall affect such rights, if any, as may have been acquired under any law of the United States by any person in lands subject to this Act and such rights, if any, shall be governed by the law in effect at the time they may have been acquired: Provided, however, That nothing herein contained is intended or shall be construed as a finding, interpretation, or construction by the Congress that the law under which such rights may be claimed in fact applies to the lands subject to this Act or authorizes or compels the granting of such rights in such lands, and that the determination of the applicability or effect of such law shall be unaffected by anything herein contained.

Sec. 15. Report by Secretary. As soon as practicable after the end of each fiscal year, the Secretary shall submit to the President of the Senate and the Speaker of the House of Representatives a report detailing the amounts of all moneys received and expended in connection with the administration of this Act during the preceding fiscal year.

Sec. 16. Appropriations.-There is hereby authorized to be appropriated such sums as may be necessary to carry out the provisions of this Act.

Sec. 17. Separability.-If any provision of this Act, or any section, subsection, sentence, clause, phrase or individual word, or the application thereof to any person or circumstance is held invalid, the validity of the remainder of the Act and of the application of any such provision, section, subsection, sentence, clause, phrase or individual word to other persons and circumstances shall not be affected thereby.

And the Senate agree to the same.

That the House recede from its disagreement to the amendment of the Senate to the title of the bill, and agree to the same.

HUGH BUTLER,

EUGENE D. MILLIKIN,
GUY CORDON,

CLINTON P. ANDERSON (except
as to deletion of Hill
amendment),

Managers on the Part of the Senate.
LOUIS E. GRAHAM,
RUTH THOMPSON,
PATRICK J. HILLINGS,
EDGAR A. JONAS,

EMANUEL CELLER (except as
to section 9, Hill amend-
ment),

FRANCIS E. WALTER,

J. FRANK WILSON,

Managers on the Part of the House.

The Senate proceeded to consider the said report; and

On the question of agreeing thereto,

MESSAGE FROM THE HOUSE

A message from the House of Representatives by Mr. Maurer, one of its clerks:

Mr. President: The House of Representatives has passed without amend

ment the bill (S. 2383) granting the consent of Congress to a compact between the State of New Jersey and the State of New York known as the Waterfront Commission Compact and for other purposes.

The House has agreed to the concurrent resolution (S. Con. Res. 40) favoring the placing of the inscription "United States of America" on containers of American-made goods for export.

The House has passed the joint resolution (H. J. Res. 290) creating a committee to assist in the celebration of the 200th anniversary of the Congress of 1754, held at Albany, N. Y., on June 24 of that year, in which it requests the concurrence of the Senate.

The Speaker of the House having signed seven enrolled bills, viz, H. R. 5141, H. R. 5246, H. R. 5256, H. R. 5471, H. R. 5805, H. R. 5877, and H. R. 5969, I am directed to bring the same to the Senate for the signature of its President.

ENROLLED BILLS SIGNED

The Secretary reported that he had examined and found truly enrolled the following bills:

H. R. 5141. An act to dissolve the Reconstruction Finance Corporation to establish the Small Business Administration, and for other purposes;

H. R. 5246. An act making appropriations for the Departments of Labor, and Health, Education, and Welfare, and related independent agencies, for the fiscal year ending June 30, 1954, and for other purposes;

H. R. 5256. An act to amend the internal Revenue Code with respect to the retirement of judges of the Tax Court of the United States;

H. R. 5471. An act making appropriations for the government of District of Columbia and other activities chargeable in whole or in part against the revenues of said District for the fiscal year ending June 30, 1954, and for other purposes;

H. R. 5805. An act making appropriations for the legislative branch and the judiciary branch for the fiscal year ending June 30, 1954, and for other purposes:

H. R. 5877. An act to amend certain administrative provisions of the Tariff Act of 1930 and related laws, and for other purposes; and

H. R. 5969. An act making appropriations for the Department of Defense and related independent agencies for the fiscal year ending June 30, 1954, and for other purposes.

The PRESIDENT pro tempore thereupon signed the same.

HOUSE JOINT RESOLUTION REFERRED

The joint resolution (H. J. Res. 290) creating a committee to assist in the celebration of the 200th anniversary of the Congress of 1754, held at Albany, N. Y., on June 24 of that year, this day received from the House of Representatives for concurrence, was read the first and second times by unanimous consent, and ordered to be placed on the calendar.

Ordered, That the legislative business of the Senate be now suspended in order that memorial addresses may be delivered on the life, character, and public service of the late Senator from New Hampshire, Hon. CHARLES W. TOBEY.

Memorial addresses were thereupon delivered by Mr. BRIDGES, Mr. SMITH of New Jersey, Mr. WILEY, Mr. POTTER, Mr. HENDRICKSON, Mr. LEHMAN, Mr. JOHNSON of Colorado, Mr. SALTONSTALL, Mr. HILL, Mr. GILLETTE, Mr. MANSFIELD, Mr. BUTLER of Nebraska, Mr. SPARKMAN, Mr. STENNIS, Mr. MONRONEY, Mr. HUMPHREY, Mr. NEELY, Mr. DOUGLAS, Mr. CASE, Mr. KNOWLAND, Mr. KEFAUVER, Mrs. SMITH of Maine, Mr. AIKEN, and Mr. JOHNSON of Texas.

MESSAGE FROM THE HOUSE A message from the House of Representatives by Mr. Bartlett, one of its clerks:

Mr. President: The House of Representatives has passed, each without amendment, the following bills of the Senate:

S. 52. An act for the relief of Anny Del Curto;

S. 61. An act for the relief of Hedwig Marek and Emma Elizabeth Marek; S. 228. An act for the relief of Irene Ezitis;

S. 312. An act for the relief of Giuseppe Orsi;

S. 561. An act for the relief of Charles Chardon Brooks;

S. 672. An act for the relief of Agostino Giusto;

S. 1366. An act for the relief of Dr. Jose Montero;

S. 1442. An act to amend section 202 of the Federal Power Act, with respect to the jurisdiction of the Federal Power Commission over persons and facilities engaged in the transmission or sale of electric energy to foreign countries;

S. 1516. An act for the relief of Akemi Terada;

S. 1704. An act for the relief of Christina Pantelis Triantafilu; and

S. 2104. An act to authorize the payment of compensation to Clarence A. Beutel, formerly Deputy Administrator of the Reconstruction Finance Corporation, for the period from September 10, 1952, through June 1, 1953.

The House has passed the bill (H. R. 1753) for the relief of Marigo Th. Tsipoura, in which it requests the concurrence of the Senate.

The House insists upon its disagreement to the amendment of the Senate to the bill (H. R. 5728) to authorize the disposal of the Government-owned rubber-producing facilities, and for other purposes; it agrees to the further conference asked by the Senate on the disagreeing votes of the two Houses thereon; and has appointed Mr. SHORT, Mr. ARENDS, Mr. CUNNINGHAM, Mr. SHAFER, Mr. VINSON, Mr. BROOKS of Louisiana, and Mr. DURHAM managers at the same on its part.

The House has agreed to the report of the committee of conference on the disagreeing votes of the two Houses on the amendments of the House to the bill (S. 1397) to clarify the status of mining claims on land known to be valuable for oil and gas leases, or applications or offers for such leases, and for other purposes.

The House has agreed to the report of the committee of conference on the disagreeing votes of the two Houses on the amendment of the House to the bill (S. 2220) to amend the mineral leasing laws with respect to their application in the case of pipelines passing through the public domain.

The House has agreed to the amendments of the Senate to the bill (H. R. 1456) for the relief of Susan Kay Burkhalter, a minor.

HOUSE BILL REFERRED

The bill H. R. 1753, this day received from the House of Representatives for concurrence, was read the first and second times by unanimous consent, and referred to the Committee on the Judiciary.

CONVEYANCE OF LAND IN BASALT, COLO., AND TRANSFER OF LAND AT CHERRY POINT, N. C. The following bills heretofore received from the House of Representatives for concurrence, were read the first and second times by unanimous consent:

H. R. 2458. An act to authorize the transfer of certain lands located at

Cherry Point, N. C., and for other purposes; and

H. R. 3107. An act to provide for the conveyance of certain national-forest land in Basalt, Colo.

On motion by Mr. AIKEN,

The Senate proceeded to consider the said bills; and no amendment being made,

Ordered, That they pass to a third reading,

The said bills were read the third time by unanimous consent.

Resolved, That they pass.

Ordered, That the Secretary notify the House of Representatives thereof.

AMENDMENT OF SUBMERGED LANDS ACT The Senate resumed the consideration of the report of the committee of conference on the disagreeing votes of the two Houses on the amendments of the Senate to the bill (H. R. 5134) to amend the Submerged Lands Act.

The question being on agreeing to the report,

Pending debate,

MESSAGE FROM THE HOUSE

A message from the House of Representatives by Mr. Bartlett, one of its clerks:

Mr. President: The House of Representatives has disagreed to the amendments of the Senate to the bill (H. R. 6200) making supplemental appropriations for the fiscal year ending June 30, 1954, and for other purposes; it agrees to the conference asked by the Senate on the disagreeing votes of the two Houses thereon; and has appointed Mr. TABER, Mr. CLEVENGER, Mr. COTTON, Mr. DAVIS of Wisconsin, Mr. CANNON, Mr. ROONEY, and Mr. GARY managers at the same on its part.

QUESTION OF QUORUM

Mr. CORDON raised a question as to the presence of a quorum; Whereupon

The PRESIDING OFFICER (Mr. IVES in the chair) directed the roll to be called;

When Ninety-three Senators answered to their names, as follows:

The question being on agreeing to the report,

Pending debate,

The VICE PRESIDENT resumed the chair.

MESSAGE FROM THE HOUSE

A message from the House of Representatives by Mr. Bartlett, one of its clerks:

Mr. President: The House of Representatives has passed without amendment the joint resolution of the Senate (S. J. Res. 98) authorizing and directing the Secretary of the Interior to liquidate the Puerto Rico Reconstruction Administration.

The House insists upon its amendment to the bill (S. 1105) to incorporate the National Safety Council, disagreed to by the Senate; it agrees to the conference asked by the Senate on the disagreeing votes of the two Houses thereon, and has appointed Mr. ROBSION of Kentucky, Mr. HYDE, and Mr. FEIGHAN managers at the same on its part.

The House has agreed to the report of the committee of conference on the disagreeing votes of the two Houses on the amendments of the Senate to the bill (H. R. 5728) to authorize the disposal of the Government-owned rubberproducing facilities, and for other purposes.

The House insists upon its amendments to the bill (S. 2249) to enable the President, during the period ending March 15, 1954, to furnish to peoples friendly to the United States emergency assistance in meeting famine or other urgent relief requirements, disagreed to by the Senate; it agrees to the conference asked by the Senate on the disagreeing votes of the two Houses thereon, and has appointed Mr. HOPE, Mr. AUGUST H. ANDRESEN, Mr. HILL, Mr. COOLEY, and Mr. POAGE managers at the same.

The question being on agreeing to the report,

Williams

Bricker

Chavez Clements

Ellender

Young

Wiley

Cordon

Ferguson Flanders Frear Fulbright

So the conference report was agreed to. On motion by Mr. CORDON to reconsider the vote agreeing to the report, On motion by Mr. KNOWLAND, The motion to reconsider was laid on the table.

Ordered, That the Secretary notify the House of Representatives thereof. DISPOSAL OF GOVERNMENT-OWNED RUBBER PLANTS

Mr. CAPEHART submitted the following conference report:

The committee of conference on the disagreeing votes of the two Houses on the amendment of the Senate to the bill (H. R. 5728) to authorize the disposal of

the Government-owned rubber-producing facilities, and for other purposes, having met, after full and free conference, have agreed to recommend and do recommend to their respective Houses as follows:

That the House recede from its disagreement to the amendment of the Senate and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: That this Act shall be known as the “Rubber Producing Facilities Disposal Act of 1953".

Sec. 2. It is hereby declared that disposal of the Government-owned rubberproducing facilities pursuant to the provisions of this Act is consistent with the national security and will further effectuate the policy set forth in section 2 of the Rubber Act of 1948, as amended (62 Stat. 101, 50 U. S. C. App. 1921), with respect to the development within the United States of a free, competitive, synthetic rubber industry.

Sec. 3. (a) There is hereby established a Rubber Producing Facilities Disposal Commission, hereinafter referred to as the Commission, to be composed of three persons, to be appointed by the President. Members of the Commission shall be appointed from civilian life and shall receive compensation at the rate of $50 per diem for each day engaged in the business of the Commission, and shall be allowed transportation and a per diem of $9 while away from their homes or places of business pursuant to such business. No person who is employed in or at any time since January 1, 1950, has been on employee of, or who receives a substantial part of his income from, the rubber or petroleum industry, or that part of the chemical industry which supplies, or is capable of supplying, feedstocks for the manufacture of synthetic rubber, shall serve as a Commissioner. (b) With respect to the Governmentowned rubber-producing facilities it shall be the duty of the Commission, and it is authorized in accordance with the provisions of this Act (1) to invite and receive proposals for the purchase of the facilities; to negotiate for their sale and make recommendations therefor to the Congress; to enter into appropriate contracts for their sale, which contracts shall be binding upon the Government and the prospective purchasers upon their execution subject only to the further provisions of this Act; and in the performance of such contracts to execute and deliver such deeds or other instruments appropriate to effectively transfer to the purchaser thereof title to the facilities, no matter by what officer, agent, department, Government corporation, or instrumentality of the United States the same is held; (2) to lease and thereunder deliver possession of the alcohol butadiene facilities, if practicable; and (3) to take such action and exercise such powers as may be necessary or appropriate to effectuate the purposes of this Act.

shall consult and advise with the Attorney General in order (1) to secure guidance as to the type of disposal program which would best foster the development of a free competitive synthetic rubber industry, and (2) to supply the Attorney General with such information as he may deem requisite to enable him to provide the advice contemplated by this section and sections 9 (a) (4) and 9 (f) of this Act.

(d) Before submission of its proposed disposal report to the Congress, as provided for in section 9 of this Act, the Commission shall submit it to the Attorney General, who shall within a reasonable time, in no event to exceed ninety days, after receiving such report, advise the Commission whether, in his opinion, the proposed disposition will violate the antitrust laws.

(e) Nothing in this Act shall impair, amend, or modify the antitrust laws or limit and prevent their application to persons who acquire property under the provisions of this Act. As used in this section, the term "antitrust laws" includes the Act of July 2, 1890 (ch. 647, 26 Stat. 209), as amended; the Act of October 15, 1914 (ch. 323, 38 Stat. 730), as amended; the Federal Trade Commission Act; and the Act of August 27, 1894 (ch. 349, secs. 73, 74, 28 Stat. 570), as amended.

Sec. 4. The Commission shall be furnished upon its request all available information concerning the Governmentowned rubber-producing facilities in the possession of any department, agency, officer, Government corporation, or instrumentality of the United States concerned with Government-owned rubberproducing facilities.

Sec. 5. The Commission shall proceed as promptly as practicable, conducting such hearings as may be necessary, with the disposal of the rubber-producing facilities in compliance with the provisions of this Act.

Sec. 6. (a) Without regard to the civilservice laws or the Classification Act of 1949, the Commission shall be authorized to employ professional, clerical, and stenographic assistance, and shall be further authorized to request and, with the consent of the head of any department, agency, Government corporation, or instrumentality of the United States concerned with the Government-owned rubber-producing facilities, receive the assistance of any employee thereof: Provided, That rates of pay for personnel employed by the Commission shall be in accordance with the Classification Act of 1949.

(b) No member of the Commission and no person employed by the Commission as an attorney, agent, or employee in activities involving discretion with respect to negotiations or contracts of sale of the Government-owned rubber-producing facilities, shall, during the period of such employment, or for a period of two years thereafter, be employed in any capacity by any purchaser, or affiliate thereof. No purchaser or affiliate thereof shall employ in any capacity any person, who has served as a member of the Commission or who was employed by the

Commission and served the Commission as an attorney, agent, or employee in activities involving discretion with respect to negotiations or contracts of sale of the Government-owned rubber-producing facilities, while any such person is serving as a member or employee of the Commission or for a period of two years thereafter. Any person violating the provisions of this subsection shall be fined not more than $10,000 or imprisoned not more than one year, or both.

Sec. 7 (a) The Commission shall invite, upon adequate notice and advertisement, proposals for the purchase of the Government-owned rubber-producing facilities, hereafter referred to as the "facilities." The period for the receipt of proposals shall be determined and publicly announced by the Commission, and in no event shall be less than six months after the first day on which proposals may be received pursuant to the advertisement. The advertisement shall be in such form, contain such specifications and reservations, and be published in such manner as the Commission in its discretion determines will best effectuate the purposes of this Act. All data concerning such facilities which in the judgment of the Commission may be reasonably required for the submission of a bona fide proposal shall be furnished by the Commission upon request by any prospective purchaser unless the Commission has reason to believe that such prospective purchaser has not identified his principal, or is not financially responsible, or is a poor security risk.

(b) Proposals shall be in writing and shall contain, among other things

(1) identification of the person in whose behalf the proposal is submitted, including the business affiliation of such person;

(2) the facility or facilities which are proposed to be purchased, and the order of preference if more than one facility is proposed to be purchased; or the order of preference if proposals are submitted on more than one facility, if only one facility is proposed to be purchased;

(3) the arrangements or plans, if any, formal or informal, for the supply of feedstock to, and the disposition of the end products of, the respective facilities proposed to be purchased;

(4) the amount proposed to be paid for each of the facilities, and, if such amount is not to be paid in cash, then the principal terms of the financing arrangement proposed;

(5) the general terms and conditions which the prospective purchaser of a copolymer facility would be willing to accept in order to make the end product of such facility available for sale to small business enterprises, and the general terms and conditions which the prospective purchaser of a butadiene or styrene facility would be willing to accept in order to make the end product of such facility available for sale to purchasers of copolymer facilities; and

(6) such other information as the Commission in its notice and adver

tisement for proposals shall require be set forth in proposals including the prospective purchaser's acceptance of the terms, conditions, restrictions and reservations contained in subsection (h) of this section, and the interest rate to be charged on the purchase money mortgage referred to in subsection (e) of this section.

(c) Should it become necessary to the effective prosecution of the disposal program, the Commission may, after the termination of the period for the submission of proposals provided for in subsection (a) of this section, disclose the contents of the proposals at such time, in such manner, and to such extent as it deems appropriate.

(d) Proposals shall be accompanied by a deposit of cash or United States Government bonds of face amount equal to 22 per centum of the gross amount proposed to be paid but not exceeding $250,000 for each facility: Provided, however, That the deposit required in the case of a proposal for one of a number of facili– ties on an alternative basis shall be the same as would be required if such proposal were for only the facility for which the particular prospective purchaser proposed to pay the highest amount. Except in the cast of purchasers, deposits made hereunder shall be refunded without interest and not later than upon the termination of the period for congressional review as provided in section 9 of this Act. In the case of purchasers, deposits made hereunder shall be applied without interest to the purchase price: Provided, however, That upon the closing of the contract of sale the purchaser shall be required to substitute cash equal to the face amount of the Government bonds then held in connection with such purchaser's proposal.

(e) Payment of the purchase price may be made in part by a first lien purchasemoney mortgage, in an amount not to exceed 75 per centum of the purchase price. The terms of any such mortgage obligation, to be determined by negotiation, shall provide among other things for a maturity of not more than ten years, periodic amortization, and a uniform interest rate of not less than 3 per centum per annum.

(f) Promptly after the termination of the period for the receipt of proposals, pursuant to subsection (a) of this section, and for such period thereafter not less than seven months as may be determined and publicly announced by the Commission, it shall negotiate with those submitting proposals for the purpose of entering into definitive contracts of sale.

(g) Nothing contained in this Act shall be construed to prevent the Commission from securing such additional information from those submitting proposals at any time as the Commission may deem necessary or appropriate to fulfill its responsibilities under this Act.

(h) All contracts of sale and instruments in execution thereof shall contain a national security clause having terms, conditions, restrictions and reservations, which will assure the prompt availability of the rubber-producing facilities, or fa

cilities of equivalent capacity, for the production of synthetic rubber and the component materials thereof for a period of ten years from the date of the contract.

(i) Subject to the conditions prescribed in section 24 of this Act, any contract of sale shall become fully effective upon the expiration of the period for congressional review provided for in section 9 of this Act unless the Congress within such period has disapproved such sale. The transfer of possession of all of the rubberproducing facilities to be sold shall be made as promptly as is practicable after the effective date, in accordance with the terms of the contracts, but in any event within a period terminating sixty days after the expiration of the period for congressional review as provided in section 9 (b) of this Act. The failure to complete transfer of possession prior to said termination date shall not give rise to or be the basis of rescission of the contract of sale.

(j) Upon termination of the transfer period, as provided in subsection (i) of this section, the operating agency last designated by the President shall make no further sales of synthetic rubber and its component materials except as otherwise provided in this Act.

(k) During the period of one year following the termination of the transfer period the operating agency last designated by the President shall offer for sale to the purchasers of the facilities the synthetic rubber and its component materials held by it at a price determined in accordance with its pricing policy prevailing at the close of the transfer period, in amounts prorated in accordance with the ratio of the capacity of each such facility purchased to the total capacity of all facilities of the same type sold. Any synthetic rubber or component materials not purchased by an eligible purchaser during periodic intervals, as determined by the operating agency, shall be made available to other eligible purchasers on a like equitable basis. Any synthetic rubber or component materials not sold during such one-year period shall thereafter be disposed of in such manner as said agency deems advisable.

Sec. 8. (a) Upon the termination of the transfer period, the operating agency last designated by the President, shall, as promptly as possible consistent with sound operating procedures, take out of production and place in adequate standby condition the rubber-producing facilities which shall not have been sold. At any time after the termination of production, such facilities may be transferred without reimbursement or transfer of funds to the General Services Administration and administered in accordance with the provisions of sections 6, 7, and 8 of the National Industrial Reserve Act of 1948, as amended (62 Stat. 1227, 50 U. S. C. 456-458), or to such other agency as the President may designate for administration in such manner as he may direct. In such event (1) no such facility shall thereafter be operated as a rubber-producing facility for the account of, or by, the Government

except pursuant to further Act of Congress; (2) no such facility, other than alcohol-butadiene facilities, shall be leased for operation as a rubber-producing facility at any time: Provided, That nothing contained in this Act shall preclude the leasing of alcohol-butadiene facilities for purposes other than the manufacture of alcohol butadiene so long as such leases are in accordance with the provisions of section 8 (a) or section 9 (f) of this Act; and (3) no such facility shall be disposed of by sale within a period of three years from the termination of the transfer period, and in any subsequent lease or sale, the Government agency acting under authority of this section shall within a reasonable time and in no event less than sixty days prior to the lease or sale, request the advice of the Attorney General as to whether the proposed lease or sale would tend to create or maintain a situation inconsistent with the antitrust laws. The Attorney General shall give his advice within forty-five days of the receipt of such request. Upon the request of the Attorney General, the Government agency shall furnish, or cause to be furnished, such information as it may possess which the Attorney General determines to be appropriate or necessary to enable him to give the advice called for by this section.

(b) Whenever any transfer to any Government agency is made pursuant to this section, all unexpended funds budgeted as provided in section 9 (e) for standby and maintenance in such condition shall also be transferred.

Sec. 9. (a) Not later than thirty days after the termination of the negotiating period provided in section 7 of this Act, and in no event later than January 31, 1955, the Commission shall prepare and submit to the Congress a report setting forth

(1) the steps taken to elicit proposals and the proposals which have been received;

(2) the principal terms of all sales contracted for and the Commission's recommendations in respect thereto;

(3) in the event that there may have been a financially more advantageous proposal for any rubber-producing facility than the sale recommended, a statement of the reasons why such sale is nevertheless proposed;

(4) the statement from the Attorney General setting forth findings approving the proposed disposals in accordance with the standards set forth in section 3 (c) of this Act;

(5) the program to be followed to place in standby condition the rubberproducing facilities not sold;

(6) an inventory report concerning the Government's current stocks of synthetic rubber and its component materials;

(7) a program for the continuance, to the extent it deems necessary, during the fiscal year following the fiscal year in which the transfer period terminates, of the research program on synthetic rubber and its component

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