PUBLIC LAW 86-472-MAY 14, 1960
[74 S T A T.
Public Law 86-472 May 14. 1960 [H. R. 115 10]
^ ^ ACT To amend further the Mutual Security Act of 1954, as amended, and for other purposes.
Be it enacted by the Senate and House of Representatives of the Ac^t'^f'tgeo^"^"^ f "mz^efi? States of America in Congress assembled, That this Act may be cited as the "Mutual Security Act of 1960". STATEMENT OF POLICY
22 us^c \nU.
^^^' ^' ^^^^i^^ 2 of the Mutual Security Act of 1954, as amended, which is a statement of policy, is further amended by adding at the end thereof the following: "(f) I t is the sense of the Congress that inasmuch as— "(1) the United States favors freedom of navigation in international waterways and economic cooperation between nations; and "(2) the purposes of this Act are negated and the peace of the world is endangered when nations which receive assistance under this Act wage economic warfare against other nations assisted under this Act, including such procedures as boycotts, blockades, and the restriction of the use of international waterways; assistance under this Act and the Agricultural Trade Development '^^^ Assistance Act of 1954, as amended, shall be administered to ^ive effect to these principles, and, in all negotiations between the United States and any foreign state arising as a result of funds appropriated under this Act or arising under the Agricultural Trade Development and Assistance Act of 1954, as amended, these principles shall be applied, as the President may determine, and he shall report on measures taken by the Administration to insure their application." CHAPTER I—MILITARY ASSISTANCE MILITARY ASSISTANCE
22 ^utc^^s 11^^^- ^^^' Chapter I of the M u t u a l Security Act of 1954, as amended, 1817. which relates to m i l i t a r y assistance, is amended as follows: 22 USC 1813. ^^^ jj^ section 103, which relates to authorizations, insert the following new subsection (d): " (d) The value of programs of equipment and materials for American Republics, pursuant to any authority contained in this chapter 22 USC 1816. other than section 106, in any fiscal year beginning with the fiscal year 1961, shall not exceed $55,000,000. For the purposes of this subsection, the value of nonexcess equipment and materials shall be as 22 USC 1751. defined in section 545(h) of this Act, and the value of excess equipment and materials (as excess is defined in section 545(e) of this Act) shall mean the acquisition cost to the Armed Forces of the United Stales of such equipment and materials."' 22 USC 1815. (b) ii^ section 105(b)(4), which relates to conditions applicable to military assistance, strike out the last sentence. CHAPTER II—ECONOMIC ASSISTANCE DEFENSE SUPPORT
22 USC 1841.
SEC. 201. Title I of chapter II of the Mutual Security Act of 1954, as amended, which relates to defense support, is amended as follows: (a,) In the first sentence of section 131(a), which relates to the authority of the President to fuiiiish defense support, insert immedi-