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Av. CongRESS. Jennie. Committis or
Expenditures in the Executive Departments,
COMMITTEE ON EXPENDITURES IN THE
S. Res. 290
Finance Corporation to the Department of Commerce)
JUNE 14 AND 15, 1950
Printed for the use of the
COMMITTEE ON EXPENDITURES IN THE EXECUTIVE DEPARTMENTS
JOHN L. MCCLELLAN, Arkansas, Chairman JAMES 0. EASTLAND, Mississippi
JOSEPH R. MCCARTHY, Wisconsin CLYDE R. HOEY, North Carolina
IRVING M. IVES, New York HERBERT R. O'CONOR, Maryland
KARL E. MUNDT, South Dakota HUBERT H. HUMPHREY, Minnesota
MARGARET CHASE SMITH, Maine EDWARD L. LEAHY, Rhode Island
ANDREW F. SCHOEPPEL, Kansas WILLIAM BENTON, Connecticut
ARTHUR H. VANDENBERG, Michigan WALTER L. REYNOLDS, Chief Clerk
Johnson, Robert H., letter to Robert H. H. McCormick, dated June
McClellan, dated June 21, 1950-----
the Hoover Report, statement and appendix.
Journal, May 29, 1950__.
REORGANIZATION PLAN NO. 24 OF 1950
WEDNESDAY, JUNE 14, 1950
UNITED STATES SENATE,
Washington, D.C. The committee met, pursuant to call, at 10 a. m., Senator John L. McClellan (chairman) presiding.
Present: Senators McClellan, Hoey, Smith, and Schoeppel. Also present: Walter L. Reynolds, chief clerk. The CHAIRMAN. The committee will come to order. We shall proceed with hearings this morning on Senate Resolution 290, introduced by Senator Fulbright, of Arkansas, which proposes the disapproval of Reorganization Plan No. 24. At this point in the record we shall print the President's message of transmittal, the plan, and also Senate Resolution 290, disapproving the plan.
(The material referred to follows:)
[H. Doc. No. 589, 81st Cong., 2d sess.)
MESSAGE FROM THE PRESIDENT OF THE UNITED STATES TRANSMITTING
REORGANIZATION PLAN No. 24 OF 1950
To the Congress of the United States:
I transmit herewith Reorganization Plan No. 24 of 1950, prepared in accordance with the Reorganization Act of 1949. The plan transfers the Reconstruction Finance Corporation to the Department of Commerce. The Corporation will continue to be administered by its Board of Directors and officers but subject to the supervision, coordination, and policy guidance of the Secretary of Commerce.
This reorganization plan is an important additional step in simplifying the organization of the executive branch of the Government and also in making more effective the various Government services to business. In my special message of May 5 to the Congress I stressed the necessity of assuring the most effective coordination of Government aids to small and independent businesses. For this reason I recommended that major responsibility for these programs be placed in the Secretary of Commerce. The need for such unified leadership and coordinated direction is no less essential with respect to our general business programs.
Both the business-loan program of the Reconstruction Finance Corporation and the various services to business provided by the Department of Commerce have the same major purpose—the development of American business and industry. Government aid to business may involve loans, loan insurance, economic and trade information, managerial and technical assistance, or a combination of several of these different types of services. If these various services are to be of the greatest benefit to the business community, unified supervision is necessary. Vesting supervision of the Corporation in the Secretary of Commerce will promote consistent policies and coordinated administration for both the financial and nonfinancial services to business.
By grouping in one agency all the principal services to business, the plan follows a pattern of organization which has proved hightly successful in the areas of