Show Congress Gets GetsI I Point 4 Bill WASHINGTON Jan 17 INS The The administration presented to congress Tuesday its new point four bill providing for or American aid to build up u underdeveloped areas of the world The new bill a revision of a draft measure submitted to congress conI congress con con- I gress last year would place greater emphasis on the flow of private capital for or international economic development and establish establish establish lish strict controls on grants in aid I IThe The revised bill laid before the I house foreign affairs committee represents agreement between government officials congressional al leaders and important business groups on the objectives and problems lems involved in the program WIlI ilI Ird Thorp assistant secretary secretary secre secre- tary of state for or economic affairs appeared before the committee to explain the purposes of the newbill new newbill newbill bill and urge its early approval by congress I The state department still op opposes opposes op- op poses the demand of some business business busi busi- ness leaders for or treaties with foreign foreign foreign for for- I eign nations to protect U. U S. S in investments investments in- in vestments but the new bill sets forth conditions which recipients of American assistance will be expected to meet The bill states stales that the recipient lent co countries un tries are arc to provide conditions conditions conditions con con- under which such technical technical cal assistance and capital can ef effectively ef- ef and constructively contribute contribute contribute con con- tribute to raising standards of living creating new sources of wealth increasing productivity and expanding purchasing power |