1957 . CONGRESSIONAL RECORD - HOUSE 441 By Mr. TEWES: H. R. 2752. A bill for the relief of Frank A. tion at its midyear meeting on December 15, H. R. 2740. A bill for the relief of Mrs. Simmons; to the Committee on the Judi· 1956, concerning the United Nations; to the Harriet Sakayo Hamamoto Dewa; to the Com­ ciary. Committee on Foreign Affairs. ~ittee on the Judiciary. H. R. 2753. A bill for the relief of Charles C. 31. Also, resolutions adopted by the New By Mr. THOMAS: Lewis; to the Committee on the Judiciary. Jersey State League of Municipalities Con­ H. R. 2741. A bill to authorize and direct H. R. 2754. A bill for the relief of Mariano ference in Atlantic City, N. J., opposing any the Administrator of Veterans' Affairs to con­ Santana Llamas; to the Committee on the proposal by Congress to tax the income of vey certain. lands of the United States to the Judiciary. municipal and other local public agency Hermann Hospital Estate, Houston, Tex.; to H. R. 2755. A bill for the relief of Antonio bonds, and supporting the stand of the the Committee on Veterans' Affairs. Contreras; to the Committee on the Judi- American Municipal Association in urging By Mr. THOMPSON of LouisiP.na: ciary. Congress to enact legislation permitting the H. R. 2742. A bill for the relief of the H. R. 2756. A bill for the relief of Ahm Me sale to States and local governments of Fed- Miami Corp., the Paggi-Streator Co., Win­ Cha; to the Committee on the Judiciary. eral surplus property at private or negotiated field S. Streator, the North American Land H. R. 2757. A bill for the relief of Ingeborg sale and at the same prices as such properties Co., and the Humble Oil & Refining Co.; to Bildii; to the Committee on the Judiciary. are offered to other Federal agencies, such H . R. 2758. A bill for the relief of Valente the Committee on Interior and Insular Hernandez-Hernandez; to the Committee on sales having priority after the needs of Fed- Affairs. the Judiciary eral agencies and the donable programs for By Mr. THOMPSON of New Jersey: H. R. ~759 . .A bill for the relief of Jose- health, educational, and civil defense pur­ H. R. 2743. A bill for the relief of Mrs. phine Shelby; to the Committee on the . poes have been met; supporting legislation Bronislawa Marini; to the Committee on the Judiciary. to provide payments to municipalities in Judiciary. H. R. 2760. A bill for the relief of Claudio lieu of taxes on federally owned property; H. R. 2744. A bill for the relief of Paolo Vargas Gonzalez (alias Jose Ramirez Oroz- to the Committee on Ways and Means. Lo Cascio; to the Committee on the Judiciary. co); to the Committee on the Judiciary. 32. By Mr. CHIPERFIELD: Resolution By Mr. THOMPSON of Texas: H. R. 2761. A bill for the relief of Sho Ging adopted by the Warren County Bar Associa­ H. R. 2745. A bill for the relief of the Wong; to the Committee on the Judiciary. tion of Monmouth, Ill., in support of H. R. estate of Barney Isabel, deceased; to the H. R. 2762. A bill for the relief of Anders 9 and 10; to the Committee on Ways and Committee on the Judiciary. Ellingsen; to the Committee on the Judi- Means. By Mr. THORNBERRY: ciary. 33. By Mr. THOMPSON of New Jersey: Pe- H. R. 2746. A bill for the relief or Maj. H .. R. 2763. A bill for the relief of Hong-to tition adopted by the Board of Commission- Philip J. Fox; to the Committee on the Judi­ Dew, to the Committee on the Judiciary. r f th Cit f T t N J D ciary. By Mr. WAINWRIGHT: es o e y .o re.non, . ., ece.m- By Mr. TRIMBLE: H. n. :4'764. A bill for the relief of Frank A. ber 17, 1956, urgmg assistance to Hungarian H. R. 2747. A bill for the relief of John H. Keller; to the Committee on the Judiciary. refugees; to the Committee on Banking and Parker; to the Committee on the Judiciary. By Mr. WIDNALL: Currency. H. R. 2748. A bill for the relief of Herman H. R. 2765. A bill for the relief of Ohan Ev- 34. By the SPEAKER: Petition of the Sec- Adams, Charleston, Ark., doing business as renian and Mrs. Vehanoush Evrenian; to the retary, Knights of Equity Supreme Council, the Adams Manufacturing Co.; to the Com­ Committee on the Judiciary. Buffalo, N. Y., petitioning consideration of mittee on the Judiciary. By Mr. YOUNG: · their resolution with reference to declaring By Mr. TUCK: H. R. 2766. A bill for the relief of Miss that ending the partition of Ireland advances H. R. 2749. A bill for the relief of Vasiliki Etsuko Yamada Hartwig; to the Committee world peace, etc.; to the Committee on For- Elefantis Kritselis; to the Committee on the on the Judiciary. eign Affairs. Judiciary. 35. Also, petition of J. S. Curtis and oth­ By Mr. UTT: PETITIONS, ETC. ers, Burbank, Calif., petitioning considera­ H. R. 2750. A bill for the relief of Mrs. tion of their resolution with reference to Alicia Romero de Ramirez; to the Committee Under clause 1 of rule xxrr, petitions requesting a statement as to how much on the Judiciary. and papers were laid on the Clerk's desk money from the United States Treasury has H. R. 2751. A bill for the relief of Juan and referred as follows: · been paid or loaned to Britain and France Perez-Ramirez; to the Committee on the 30. By Mr. CANFIELD: Resolution ap- during the past 11 years, etc.; to the Com­ Judiciary. proved by the New Jersey State Bar Associa- mittee on Foreign Affairs. EXTENSIONS OF REMARKS A Continuing Antitrust Program sentatives unanimously in the 84th Con­ forcement officials. With the notice, gress and were pending in the Senate merging corporations would be required EXTENSION OF REMARKS when Congress adjourned. It has three to furnish to the Government specifically purposes. enumerated information to enable the OF The first purpose is to prevent bank Attorney General or the appropriate HON. EMANUEL CELLER mergers achieved by acquisition of assets agency to assess the merger's probable OF NEW YORK where the effect may be substantially to impact on competition. Willful failure IN THE HOUSE OF REPRESENTATIVES lessen competition or to tend to create a to submit the notification or to furnish monopoly in any section of the country. the required information would be sub­ 7'hursday, January 10, 1957 Section 7 of the Clayton Act, as amended ject to a penalty of from $5,000 to $50,000. Mr. CELLER. Mr. Speaker, today I by the Celler-Kefauver Act, now covers The bill sets forth 10 categories of introduced 4 bills as part of a continuing bank mergers achieved by stock acquisi­ corporate transactions which are exempt program to increase effective enforce­ tions but fails to include bank mergers from the notification and waiting pro­ ment of the antitrust laws and to assure accomplished by means of asset acquisi­ visions of the bill. In addition, the bill the maximum realization of a competi­ tions. This bill will close the gap in ·requires the Federal Trade Commission tive free-enterprise system. These bills existing law and will provide the Federal or other appropriate Government result from investigations by the Anti­ Reserve Board and the Attorney General agency, upon approval of the Attorney trust Subcommittee during the 84th Con­ with the same authority to move against General, to establish procedures for gress into the enforcement of the anti­ asset acquisitions by banks as against waiving all or part of the notification of merger provisions of the Celler-Kefauver stock acquisitions. waiting requirements in categories of amendment to section 7 of the Clayton The second objective of the bill is to ·cases where notification and a waiting Act, the investigation into antitrust require parties to a proposed merger to period is deemed unnecessary to effectu­ problems existing in industries regulated notify the Attorney General and the Fed­ ate enforcement of the antimerger law. by Federal commissions and boards, and eral Trade Commission or other appro- The premerger notification provisions the investigation into the operations of . priate board 60 days in advance of the of the bill are procedural amendments · Government advisory groups. transaction. Under the bill, parties to a to the Celler-Kefauver Act of 1950, which The first bill, the premerger notifica­ proposed merger where the combined prohibits corporate mergers, regardless tion bill, combines substantially the pro­ capital structure would exceed $10 mil­ of how accomplished, where the e:ff ect vision~ of H. R. 5948 and H. R. 9424, both lion, cannot consummate the transaction may be substantially to lessen competi­ of which passed the House of Repre- until 60 days after notice is given to en- tion or tend to monopoly in any section 442 CONGRESSIONAL RECORD - HOUSE January 10 of the country. These amendments are Under the doctrine of primary juris- functions. Consequently, procedures necessary in order to avoid the consider­ diction, the courts of the United States regulating advisory groups are needed to able time, effort and expense now re­ have declined to give relief against al- provide safeguards that reduce oppor­ quired by the enforcement officers in legedly unlawful restraints of trade if it tunity for concerted industry action det­ searching out newspapers and trade pub­ appeared that administrative agencies rimental to completion or beyond the lications to discover proposed mergers, have been vested with authority to ap- scope of advisory functions requested by and in collecting economic data needed prove some or all of the activities cha!- the Government.