60 STAT.] 79TH CONG. , 2D SESS.-CHS. 723, 724-AUG. 1,1946 expenses incident to scholastic activities; or (B) furnishing trans- portation for citizens of such foreign country who desire to attend American schools and institutions of higher learning in the continen- tal United States, Hawaii, Alaska (including the Aleutian Islands), Puerto Rico, and the Virgin Islands, and whose attendance will not deprive citizens of the United States of an opportunity to attend such schools and institutions: Provided, however, That no such agree- ment or agreements shall provide for the use of an aggregate amount of the currencies, or credits for currencies, of any one country in excess of $20,000,000 or for the expenditure of the currencies, or credits for currencies, of any one foreign country in excess of $1,000,000 annually at the official rate of exchange for such currencies, unless otherwise authorized by Congress, nor shall any such agree- ment relate to any subject other than the use and expenditure of such currencies or credits for currencies for the purposes herein set forth: Provided further, That for the purpose of selecting students and educational institutions qualified to participate in this program, and to supervise the exchange program authorized herein, the Presi- dent of the United States is hereby authorized to appoint a Board of Foreign Scholarships, consisting of ten members, who shall serve without compensation, composed of representatives of cultural, edu- cational, student and war veterans groups, and including representa- tives of the United States Office of Education, the United States Veterans' Administration, State educational institutions, and pri- vately endowed educational institutions: And Provided further, That in the selection of American citizens for study in foreign coun- tries under this paragraph preference shall be given to applicants who shall have served in the military or naval forces of the United States during World War I or World War II, and due consideration shall be given to applicants from all geographical areas of the United States. The Secretary of State shall transmit to the Con- gress not later than the 1st day of March of each year a report of operations under this paragraph during the preceding calendar year. Such report shall include the text of any agreements which have been entered into hereunder during the preceding calendar year, and shall specify the names and addresses of American citizens who are attending schools or institutions of higher learning in foreign coun- tries pursuant to such agreements, the names and locations of such schools and institutions, and the amounts of the currencies or credits for currencies expended for any of the purposes under this paragraph in each such foreign country during the preceding calendar year." Approved August 1, 1946. [CHAPTER 724] AN ACT For the development and control of atomic energy. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, DECLARATION OF POLICY 755 Transportation for citizens of foreign countries. Restriction on use of funds. Board of Foreign Scholarships. Veteran preference. Report to Congress. August 1, 1946 [S. 1717] [Public Law 585] Atomic Energy Act of 1946. SECTION 1. (a) FINDINGS AND DECLARATION.- Research and experi- mentation in the field of nuclear chain reaction have attained the stage at which the release of atomic energy on a large scale is practical. The significance of the atomic bomb for military purposes is evident. The effect of the use of atomic energy for civilian purposes upon the social, economic, and political structures of today cannot now be determined. It is a field in which unknown factors are involved. Therefore, any legislation will necessarily be subject to revision from
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