Page:United States Statutes at Large Volume 65.djvu/171

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65 STAT.]

PUBLIC LAW 96—JULY 31, 1951

409, or any payment made to the United States or to any buyer in compromise or satisfaction of any liability or of any right of action, suit, or judgment, authorized pursuant to subsection (c) of this section 409 for selling any material or service, in violation of a regulation or order providing a ceiling or ceilings, shall be disregarded by the executive departments and other governmental agencies in determining the costs or expenses of any such person for the purposes of any other law or regulation. "(e) The term 'court of competent jurisdiction' as used in this section shall mean any Federal court of competent jurisdiction regardless of the amount in controversy and any State or Territorial court of competent jurisdiction." SEC. 105. (a) Section 40e3 of the Defense Production Act of 1950 is hereby amended by changing the period at the end of the first sentence to a colon and adding the following: '"Provided, howe'ver, That the President shall administer any controls over the wages or salaries of employees subject to the provisions of the Railway Labor Act, as amended, through a separate board or panel having jurisdiction only over such employees." (b) Section 502 of the Defense Production Act of 1950 is amended by changing the period at the end of the last sentence thereof to a colon and adding the following: '•Provided, however, That in any dispute between employees and carriers subject to the Railway Labor Act, as amended, the procedures of such Act shall be followed for the purpose of bringing about a settlement of such dispute. Any agency provided for by such Act, including any panel or panel board established by the President for the adjustment of disputes arising under the Railway Labor Act, as a prerequisite to effecting or recommending a settlement of such dispute, shall make a specific finding and certification that the changes proposed by such settlement or recommended settlement, are consistent with such standards as may then be in effect, established by or pursuant to law, for the purpose of controlling inflationary tendencies: Provided further, That in any nondisputed wage or salary adjustments proposed as a result of voluntary agreement through collective bargaining, mediation, or otherwise, the same finding and certification of consistency with existing stabilization policy shall be made by the separate panel, chairman thereof, or boards as established and authorized by the President. Where such finding and certification are made by such agency, panel, chairman thereof, or boards, they shall after approval by the Economic Stabilization Administrator be conclusive and it shall then be lawful for the employees and carriers, by agreement, to put into effect the changes proposed by the settlement, recommended settlement, or voluntary proposal with respect to which such findings and certification were made." (c) The second sentence of section 503 of the Defense Production Act of 1950 is hereby amended to read as follows: "No action inconsistent with the provisions of the Fair Labor Standards Act of 1938, as amended, other Federal labor standards statutes, the Labor Management Relations Act, 1947, the Railway Labor Act, as amended, or with other applicable laws shall be taken under this title."

137

"Court of c o m p e tent jurisdiction."

50 U.S.C. a p p. § 2103. Railway labor controls.

.44 Stat. 577. 45 U.S.C. § 151. 50 U.S.C. a p p. § 2122. Settlement of labor disputes.

60 U. 8. C. a p p. § 2123. S2 Stat.l060;61 Stat. 136; 44 Stat. 577. 29 U.S.C. §§ 201, 141; 45 U.S.C. § 151.

CONTROL OF C R E O r r

SEC. 106. (a) Section 601 of the Defense Production Act of 1950 is amended by adding at the end thereof the following new paragraph: " I n the exercise of its authority under this section, the Board shall not (1) require a down payment of more than one-third or fix a maximum maturity of less than eighteen months in connection with instalment credit extended for the purchase of a new or used automobile,

50 U.S.C. a p p. § 2131. Down payment.