Public Law 3.

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(/us/bill/75/pl/2)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That notwithstanding Reconstruction Finance CorporationAuthority to function continued.any other provision of law, until the close of business on June 30, 1939, the Reconstruction Finance Corporation is hereby authorized to continue to perform all functions which it is authorized to perform under law, and the liquidation and winding up of the Liquidation, etc., postponed.[47 Stat. 10](/us/stat/47/10).[15 U. S. C. § 613](/us/usc/t15/s613).Corporation’s affairs as provided for by section 13 of the Reconstruction Finance Corporation Act, as amended, are hereby postponed during the period that functions of the Corporation are continued pursuant to this Act: *Provided*, That in order to facilitate the withdrawal *Proviso*.Temporary suspension of lending authority.of the credit activities of the Corporation when from time to time during such period the President finds, upon a report of the Board of Directors of the Corporation or otherwise, that credit for any class of borrowers to which the Corporation is authorized to lend is sufficiently available from private sources to meet legitimate demands upon fair terms and rates, the President may authorize the directors to suspend the exercise by the Corporation of any such lending authority for such time or times as he may deem advisable.

Sec. 2.

(a)Section 7 of the Act approved January 31, 1935 (Public, Designated agencies continued.[49 Stat. 4](/us/stat/49/4).*Post*, pp. 347, 348.Numbered 1, Seventy-fourth Congress), is hereby amended by striking from the first sentence thereof “April 1, 1937” and inserting in lieu thereof “the close of business on June 30, 1939”; section 1 of the Act approved March 31, 1936 (Public, Numbered 484, Seventy-fourth [49 Stat. 1186](/us/stat/49/1186).Congress), is hereby amended by striking from the first sentence thereof “February 1, 1937” and inserting in lieu thereof “the close of business on June 30, 1939”; section 9 of the Act approved January 31, 1935 (Public, Numbered 1, Seventy-fourth Congress), is hereby amended by striking from the first sentence thereof “June 16, 1937” and inserting in lieu thereof “the close of business on June 30, 1939”.

(b)The agencies referred to in the Acts referred to in subdivision Incurring obligations after June 30, 1937.[49 Stat. 1647](/us/stat/49/1647).(a) of this section, and the RFC Mortgage Company, shall be deemed to be established by or pursuant to law within the meaning of section 7

(a)of the First Deficiency Appropriation Act, fiscal year 1936. Approved, January 26, 1937. To provide for loans to farmers for crop production and harvesting during the year 1937, and for other purposes. 1937-01-29 7 Chapter 50 Stat. 5 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-11-23 75 1 public [CHAPTER 7] AN ACT To provide for loans to farmers for crop production and harvesting during the year 1937, and for other purposes. January 29, 1937[[H. R. 1545](/us/bill/75/hr/1545)][[Public, No. 3](/us/bill/75/pl/3)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Governor Loans to farmers for crop production, etc., during 1937.of the Farm Credit Administration, hereinafter in this Act referred to as the Governor, is hereby authorized to make loans to farmers in the United States (including Hawaii and Puerto Rico), for fallowing, for planting, for cultivation, for production of crops, for harvesting of crops, for supplies incident and necessary to such production or harvesting, and for feed for livestock, or for any of such purposes. Such loans shall be made and collected through such agencies, upon such terms and conditions, and subject to such regulations, as the Governor may prescribe. 6 Sec. 2. Conditions prescribed.

(a)No loan shall be made under this Act to any applicant who shall not have first established to the satisfaction of the proper officer or employee of the Farm Credit Administration, under such regulations as the Governor may prescribe, that such Applicant unable to procure elsewhere.applicant is unable to procure from other sources a loan in an amount reasonably adequate to meet his needs for the purposes for which loans may be made under this Act; and preference shall be given to the applications of farmers whose cash requirements are small.

(b)Security. There shall be required as security for any such loan a first lien, or an agreement to give a first lien, upon all crops of which the production or harvesting, or both, is to be financed, in whole or in part, with the proceeds of such loan; or, in case of any loan, for the purchase or production of feed for livestock, a first lien upon the livestock to be fed.

(c)Maximum amount. No loan made under the provisions of this Act to any borrower shall exceed $400, nor shall a loan be so made in any calendar year which, together with the unpaid principal of prior loans so made to such borrower in that year, shall exceed $400 in amount:*Proviso.*Distressed emergency areas. *Provided*, *however*, That in any area certified by the President of the United States to the Governor as a distressed emergency area, the Governor may make loans without regard to the foregoing limitations as to amount, under such regulations, with such maturities, and in such amounts as he may prescribe.

(d)interest rate. Each loan shall bear interest at the rate of 4 per centum per annum. Sec. 3. Proceeds of loans impressed with a trust. The proceeds of each loan made by the Governor under the provisions of this Act shall be impressed with a trust for the purposes for which loans may be made under this Act, and may be used only for the purposes stated in the application therefor, and such trust shall continue, and the proceeds shall be free from garnishment, attachment, or the levy of an execution, until such proceeds have been used by the borrower for such purposes. Sec. 4. Recording. etc., fees.

(a)Fees for recording, filing, registration, and examination of records (including certificates) shall not exceed 75 cents per loan, and may be paid from the proceeds of the loan.

(b)Fees for releasing liens, etc. No fees for releasing liens given to secure loans made pursuant to this Act, nor any other fee not specified herein, shall be paid from the funds herein authorized to be appropriated. Sec. 5. Officers and employees authorized; pay, duties, etc.

(a)The Governor shall have power, without regard to the provisions of other laws applicable to the employment and compensation of officers and employees of the United States, to employ and fix the compensation and duties of such agents, officers, and employees as may be necessary to carry out the purposes of this Act ; but the compensation of such officers and employees shall correspond, so far as the Governor deems practicable, to the rates established by [5 U. S. C. § 673](/us/usc/t5/s673).the Classification Act of 1923, as amended.

(b)Use of designated agencies, facilities, etc. Such agents, officers, and employees, or any of them, and the agents, officers, employees, and facilities of the Farm Credit Administration available for use in connection with loans made under the provisions of this Act or of prior crop production, seed, and feed loan Acts of the same general character, may be used by the Governor to perform services for any institution operating under the supervision of the Farm Credit Administration, upon such terms and conditions as the Governor may determine; and such institutions are hereby expressly empowered to enter into agreements with the Governor for such purpose.

(c)Other facilities and services. For the purpose of carrying out the provisions of this Act, and for collecting loans made under other Acts of the same general character, including loans made by the Governor with funds appro-7priated by the Emergency Appropriation Act, fiscal year 1935, or the Emergency Relief Appropriation Act of 1935, the Governor is authorized also to use the facilities and services of any agency or corporation operating under the supervision of the Farm Credit Administration, and of any officer or employee of any such agency or institution, or of the Farm Credit Administration, and may pay Payment therefor.for such services and the use of such facilities from the funds made available for the payment of necessary administrative expenses, and such agencies and institutions are hereby expressly empowered to enter into agreements with the Governor for the accomplishment of such purposes and to perform the services provided for therein. Sec. 6.

(a)Except with the written permission of the Governor Unlawful acts.or his duly authorized representative, it shall be unlawful for any borrower to willfully use the proceeds of any loan:

(1)For any purpose other than those specified in the application therefor; or

(2)For the purpose of fallowing, or for the planting, production, or harvesting of any crops on, any land other than that described in his application for such loan.

(b)It shall be unlawful for any person to make any material False representation, etc.false representation for the purpose of obtaining, or assisting another to obtain, a loan under the provisions of this Act; or willfully to dispose of, or assist in disposing of, except for the account of the Governor, any crops or other property upon which there exists a lien securing a loan made under the provisions of this Act.

(c)It shall be unlawful for any person to charge or accept a fee Fee for preparing application.for preparing or assisting in the preparation of any papers of an applicant for a loan under the provisions of this Act.

(d)Any person violating any provision of this section of this Act Penalty for violation.shall, upon conviction thereof, be punished by a fine of not more than $1,000, or by imprisonment for not more than six months, or both. Sec. 7.

(a)There is hereby authorized to be appropriated, out Appropriation authorized.*Post*, p. 11.of any money in the Treasury not otherwise appropriated, the sum of $50,000.000 for the purpose of enabling the Governor to carry out the provisions of this Act.

(b)The moneys appropriated in pursuance of subsection

(a)of Use of designated moneys for loans and expenses.this section, any amounts collected for services rendered under section 5 (b), and all collections of principal and interest of loans made under this Act may be used by the Governor for making loans under this Act, and for all necessary administrative expenses incurred in connection with the making and collection of such loans.

(c)Expenditures for printing and binding necessary in carrying Printing and binding.[R. S. § 3709](/us/rs/3709); [41 U. S. C. § 5](/us/usc/t41/s5).out the provisions of this Act may be made without regard to the provisions of section 3709 of the Revised Statutes. Approved, January 29, 1937. To create a joint congressional committee on Government organization. 1937-02-03 8 Chapter 50 Stat. 7 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-11-23 75 1 public [CHAPTER 8] JOINT RESOLUTION To create a joint congressional committee on Government organization. February 3, 1937[[H. J. Res. 81]](/us/bill/75/hjres/81)][[Pub. Res., No. 4](/us/bill/75/pubres/4)] *Resolved by the Senate and House of Representatives of the United States of America in Congress assembled*, That

(a)there is hereby Joint Committee on Government Organization, establishment.established a joint congressional committee to be known as the Joint Committee on Government Organization (hereinafter referred to as the joint committee).

(b)The joint committee shall be composed of nine Members of Composition and appointment.the Senate, appointed by the President of the Senate, and nine Members of the House of Representatives, appointed by the Speaker of the House of Representatives. 8 Sec. 2. Duties. It shall be the duty of the joint committee—

(a)Investigations. To investigate the organization and activities of the departments, independent establishments, bureaus, boards, commissions, divisions, services, offices, and other agencies of the Government, with the view to determining whether, in the interest of simplification, efficiency, or economy, or in order to eliminate conflicting or overlapping activities, any of such organizations or units should be coordinated or consolidated with any other organization or unit, reorganized, or abolished, or the personnel thereof reduced; and

(b)Reports and recommendations. To report, from time to time, to the Senate and the House of Representatives, the results of its investigations together with such recommendations as it deems advisable. Sec. 3. Hearings. The joint committee, or any subcommittee thereof, shall have power to hold hearings and to sit and act at such places and times, to require by subpena or otherwise the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, and to make such Subpenas.expenditures, as it deems advisable. Subpenas shall lie issued under the signature of the chairman of said joint committee, and shall be Expenses.*Post*, p. 9.served by any person designated by him. Amounts appropriated for the expenses of the joint committee shall be disbursed one-half by the Secretary of the Senate and one-half by the Clerk of the House. Sec. 4. Officers, experts, and employees. The joint committee shall have power to employ and fix the compensation of such officers, experts, and employees as it deems necessary for the performance of its duties, but the compensation so fixed shall not exceed the compensation fixed under the [5 U. S. C. § 673](/us/usc/t5/s673).Classification Act of 1923, as amended, for comparable duties. Details from Government offices; compensation.Officers and employees of the Government shall be detailed to the service of the joint committee, on its request, without additional compensation, and such officers and employees shall be paid from the appropriations regularly available for their salaries. Approved, February 3, 1937. Making appropriations to supply deficiencies in certain appropriations for the fiscal year ending June 30, 1937, and prior fiscal years, to provide supplemental appropriations for the fiscal year ending June 30, 1937, and for other purposes. 1937-02-09 9 Chapter 50 Stat. 8 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-11-23 75 1 public [CHAPTER 9] AN ACT Making appropriations to supply deficiencies in certain appropriations for the fiscal year ending June 30, 1937, and prior fiscal years, to provide supplemental appropriations for the fiscal year ending June 30, 1937, and for other purposes. February 9, 1937[[H. R. 3587](/us/bill/75/hr/3587)][

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