19 U.S.C. § 1901 — Untitled legal text

Page 448 TITLE 19—CUSTOMS DUTIES §§ 1901, 1902 1 See References in Text note below. 1 See References in Text note below. Section 350 of the Tariff Act of 1930, referred to in text, is classified to section 1351 of this title. The Act entitled ‘‘An Act to amend the Tariff Act of 1930’’, approved June 12, 1934, referred to in text, is act June 12, 1934, ch. 474, 48 Stat. 943, as amended, which is classified to sections 1351, 1352, 1353, and 1354 of this title. SUBCHAPTER III—TARIFF ADJUSTMENT AND OTHER ADJUSTMENT ASSISTANCE PART I—ELIGIBILITY FOR ASSISTANCE §§ 1901, 1902. Repealed. Pub. L. 93–618, title VI, § 602(d), (e), Jan. 3, 1975, 88 Stat. 2072 Section 1901, Pub. L. 87–794, title III, § 301, Oct. 11, 1962, 76 Stat. 883, provided for Tariff Commission [now United States International Trade Commission] inves- tigations and reports. See section 2251 et seq. of this title. Section 1902, Pub. L. 87–794, title III, § 302, Oct. 11, 1962, 76 Stat. 885, covered Presidential action after Tar- iff Commission [now United States International Trade Commission] determination. See section 2252 et seq. of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072, provided in part that the repeals called for in sec- tion 602(e) of Pub. L. 93–618 [repealing sections 1901(a)(2), (3), (c), (d)(2), (f)(1), (3), 1902(b)(1), (2), (c) to (e), 1911 to 1915, 1917, 1931, 1941 to 1944, 1951, 1952, 1961 to 1963, and 1971 to 1978 of this title] are effective on the 90th day following Jan. 3, 1975. The remaining parts of section 1901 [subsecs. (a)(1), (b), (d)(1), (e), (f)(2), and (g) of section 1901] and of sec- tion 1902 [subsec. (a) of section 1902] are repealed by section 602(d) of Pub. L. 93–618 without an effective date of repeal other than that of Pub. L. 93–618, which was approved on Jan. 3, 1975. PART II—ADJUSTMENT ASSISTANCE TO FIRMS §§ 1911 to 1915. Repealed. Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072 Section 1911, Pub. L. 87–794, title III, § 311, Oct. 11, 1962, 76 Stat. 886, provided for certification of proposals for adjustment assistance to firms. See section 2341 et seq. of this title. Section 1912, Pub. L. 87–794, title III, § 312, Oct. 11, 1962, 76 Stat. 886, provided for use of existing agencies in carrying out certified adjustment proposals. See sec- tion 2341 et seq. of this title. Section 1913, Pub. L. 87–794, title III, § 313, Oct. 11, 1962, 76 Stat. 887, provided for giving of technical assist- ance to firms. See section 2343 of this title. Section 1914, Pub. L. 87–794, title III, § 314, Oct. 11, 1962, 76 Stat. 887, provided for giving of financial assist- ance to firms. Section 1915, Pub. L. 87–794, title III, § 315, Oct. 11, 1962, 76 Stat. 887, set out conditions for giving of finan- cial assistance. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective on 90th day following Jan. 3, 1975, see note set out under section 1901 of this title. § 1916. Administration of financial assistance; re- cording of mortgages (a) Guarantees, agreements for deferred partici- pation, and loans In making and administering guarantees, agreements for deferred participation, and loans under section 1914 1 of this title, the Secretary of Commerce may— (1) require security for any such guarantee, agreement, or loan, and enforce, waive, or sub- ordinate such security; (2) assign or sell at public or private sale, or otherwise dispose of, upon such terms and con- ditions and for such consideration as he shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or se- curity assigned to or held by him in connec- tion with such guarantees, agreements, or loans, and collect, compromise, and obtain de- ficiency judgments with respect to all obliga- tions assigned to or held by him in connection with such guarantees, agreements, or loans until such time as such obligations may be re- ferred to the Attorney General for suit or col- lection; (3) renovate, improve, modernize, complete, insure, rent, sell, or otherwise deal with, upon such terms and conditions and for such consid- eration as he shall determine to be reasonable, any real or personal property conveyed to or otherwise acquired by him in connection with such guarantees, agreements, or loans; (4) acquire, hold, transfer, release, or convey any real or personal property or any interest therein whenever deemed necessary or appro- priate, and execute all legal documents for such purposes; and (5) exercise all such other powers and take all such other acts as may be necessary or in- cidental to the carrying out of functions pur- suant to section 1914 of this title. (b) Mortgages Any mortgage acquired as security under sub- section (a) shall be recorded under applicable State law. (Pub. L. 87–794, title III, § 316, Oct. 11, 1962, 76 Stat. 888.) Editorial Notes REFERENCES IN TEXT Section 1914 of this title, referred to in subsec. (a), was repealed by Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072. § 1917. Repealed. Pub. L. 93–618, title VI, § 602(e), Jan. 3, 1975, 88 Stat. 2072 Section, Pub. L. 87–794, title III, § 317(a), Oct. 11, 1962, 76 Stat. 889, made provision for tax assistance to firms. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective on the 90th day following Jan. 3, 1975, see note set out under section 1901 of this title. § 1918. Protective provisions (a) Maintenance of records by recipients of as- sistance Each recipient of adjustment assistance under section 1913, 1914, or 1917 1 of this title, shall keep records which fully disclose the amount and disposition by such recipient of the pro-