Reorganization Plan No. 24 of 1950: Hearings Before the Committee on Expenditures in the Executive Departments, United States Senate, Eighty-first Congress, Second Session, on S. Res. 290 Disapproving Reorganization Plan No. 24, Transferring the Reconstruction Finance Corporation to the Department of Commerce. June 14 and 15, 1950

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Page 2 - Prepared by the President and transmitted to the Senate and the House of Representatives in Congress assembled, April 24, 1958, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949, as amended CIVILIAN MOBILIZATION SECTION 1.
Page 94 - Interior may from time to time make such provisions as he shall deem appropriate authorizing the performance by any other officer, or by any agency or employee, of the Department of the Interior of any function of the Secretary, Including any function transferred to the Secretary by the provisions of this reorganization plan.
Page 51 - Direct lending by' the Government to persons or enterprises opens up dangerous possibilities of waste and favoritism to individuals or enterprises. It invites political and private pressure, or even corruption. Emergencies may arise in depression, war, national defense, or disaster which must be met in this way. But direct lending should be absolutely avoided except for emergencies.
Page 91 - Chairman, and three additional persons appointed by the President of the United States by and with the advice and consent of the Senate. Of the five members of the Board, not more than three shall be members of any one political party.
Page 94 - That the management of the Corporation shall be vested in a board of directors, consisting of...
Page 69 - Corporation) does not alter its characteristics so as to make it something other than what it actually is, an agency selected by the government to accomplish purely governmental purposes.
Page 56 - The numerous agencies of the executive branch must be grouped into departments as nearly as possible by major purposes in order to give a coherent mission to each department.
Page 52 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 55 - The executive branch is not organized into a workable number of major departments and agencies which the President can effectively direct, but is cut up into a large number of agencies which divide responsibility and which are too great in number for effective direction from the top.
Page 6 - Attempts to influence the business judgments of RFC by the use of political influence, even though well intended, are a constant menace to sound administration. While the general policies of the RFC, like those of other Government agencies, should be reviewed and coordinated by the President, this general review should not extend to particular loans. The business decisions of RFC should be the independent judgments of its Board of Directors.

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