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Page:United States Statutes at Large Volume 61 Part 1.djvu/129

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TOrHCONG. , 1ST SESS.-CH. 81-MAY 22, 1947 provisions as may be required by the President of the United States for the security of any article, service, or information received pur- suant to this Act; (e) not to use any part of the proceeds of any loan, credit, grant, or other form of aid rendered pursuant to this Act for the making of any payment on account of the principal or interest on any loan made to such government by any other foreign govern- ment; and (f) to give full and continuous publicity within such country as to the purpose, source, character, scope, amounts, and progress of United States economic assistance carried on therein pursuant to this Act. SEC. 4. (a) Notwithstanding the provisions of any other law, the Reconstruction Finance Corporation is authorized and directed, until such time as an appropriation shall be made pursuant to subsection (b) of this section, to make advances, not to exceed in the aggregate $100,000,000, to carry out the provisions of this Act, in such manner and in such amounts as the President shall determine. (b) There is hereby authorized to be appropriated to the President not to exceed $400,000,000 to carry out the provisions of this Act. From appropriations made under this authority there shall be repaid to the Reconstruction Finance Corporation the advances made by it under subsection (a) of this section. SEC. 5. The President may from time to time prescribe such rules and regulations as may be necessary and proper to carry out any of the provisions of this Act; and he may exercise any power or authority conferred upon him pursuant to this Act through such department, agency, independent establishment, or officer of the Government as he shall direct. The President is directed to withdraw any or all aid authorized herein under any of the following circumstances: (1) If requested by the Government of Greece or Turkey, respectively, representing a majority of the people of either such nation; (2) If the Security Council finds (with respect to which finding the United States waives the exercise of any veto) or the General Assembly finds that action taken or assistance furnished by the United Nations makes the continuance of such assistance unneces- sary or undesirable; (3) If the President finds that any purposes of the Act have been substantially accomplished by the action of any other inter- governmental organizations or finds that the purposes of the Act are incapable of satisfactory accomplishment: and (4) If the President finds that any of the assurances given pursuant to section 3 are not being carried out. SEC. 6 . Assistance to any country under this Act may, unless sooner terminated by the President, be terminated by concurrent resolution by the two Houses of the Congress. SEC. 7 . The President shall submit to the Congress quarterly reports of expenditures and activities, which shall include uses of funds by the recipient governments, under authority of this Act. SEC. 8. The chief of any mission to any country receiving assistance under this Act shall be appointed by the President, by and with the advice and consent of the Senate, and shall perform such functions relating to the administration of this Act as the President shall prescribe. Approved May 22, 1947. Advances by RFC. Appropriation au- thorized. Post, p. 613. Repayment to RFC. Rules and regula- tions. Exercise of powers of President. Withdrawal of aid. Termination of as- sistance. Reports to Congress. Appointment of chief of mission. 105 61 STAT.]