Salt Lake Telegram | 1937-08-21 | Page 2 | Laws Congress Passed during Session Listed

Laws Congress Passed During Session Listed technical measure to close loophole loop-hole In income tax laws, with antiicpated saving of from $75,- 000,000 to 1100,000,000. CURRENCY Doller stabilization: Extended until June 10. 1D39 president' power to use huge fund to tab-ilize tab-ilize American dollar. REfiEF Appropriations: Appropriated 12,29.000,000 for relief of human auffering. of which $788,000,000 was to be used by July 1 and remainder re-mainder during next fiscal year. WASHINGTON, Aug. 21 (INS) The legislative record of the first session of the seventy-fifth congress follows: FARM RELIEF New AAA: Marketing agreement agree-ment sections of old AAA re-enacted, re-enacted, without touching control of production. Sugar stabilization: New law passed, maintaining quotas on production of both raw and refined re-fined sugar with benefit payments pay-ments to continental producers out of taxes collected on imports. Farm credit: Extended, over preeidential veto, SVj per cent interest rate on federal land bank farm loans for one year and 4 per cent Interest rate on commissioners' com-missioners' loans for two years. Farm tenancy: Enacted bill appropriating 1 10.000,000 the first year, t2S.000.000 the second year and t50.000.000 annually thereafter there-after for government loan at 3 per cent to farmers for purchase of homesteads. Cotton loans: Inserted MS.000,-000 MS.000,-000 fund in deficiency bill to maintain main-tain 12-cent price on cotton, through loans and guaranties for producers 'cooperating under soil conservation act. Production control: House and senate specifically pledged to take up crop control legislation next January. APPROPRIATIONS Government: Appropriated nearly S9. 800.000,000 to operate government during next fiscal year and to finance deficiencies in current fiscal year. Of this, SMI,-000,000 SMI,-000,000 went to army and navy. VETERANS Wartime insurance: Over president's presi-dent's veto, extended for five years wartime insurance of World war veterans. Appropriations: Voted S5&5,-000,000 S5&5,-000,000 to car for veteran and dependents. JUDICIARY Supreme court reorganization: Senate rejected President Roosevelt's Roose-velt's proposal te increase personnel per-sonnel of supreme court to IS justices jus-tices if those over 70 failed to retire. re-tire. Bill recommitted. Supreme court justice: Retirement Retire-ment at ag of 70 authorised, providing pro-viding full pay for life. I ssser federal courts: Bill passed, giving attorney general right to intervene in lower courts when constitutionality of federal laws is challenged and to appeal adverse decisions direct to supreme su-preme court Us of injunction to restrain enforcement of federal law reserved to a court of three Judges, on from circuit court bench. BUSINESS CREDIT Reconstruction Finance corporation: corpo-ration: Life extended to June SO, 1939, to carry out president's policies poli-cies on loan to business and industry. in-dustry. FOREIGN AFFAIRS Neutrality: New neutrality act passed, giving president discretionary discre-tionary power to embargo arms, munition and implement of war to nations engaged in war and to impose a "caah and carry" rule of shipment of all ether suppliee te beUgerents. South America: Ratified dosea peace treaties with South American Ameri-can nation. Trade treaties: Extended for three year president's power te negotiate reciprocal trading treaties trea-ties to improve America' foreign commerce. TAXES Railroad pension: Imposed . taxes en employer and income taxes on employes to fiaane cost of railway tabor penaion act. Tax loophole: Passed highly