(4) The amendments made by paragraph (2) shall be effective as if they were a part of section 3806 of the Internal Revenue Code on the date of the enactment of the Revenue Act of 1942. (d) EFFECTIVE DATE.-The amendments made by subsection (b) shall be effective only with respect to the fiscal years ending after June 30, 1943, except that (1) the amendments inserting subsections (a) (4) (C), (a) (4) (D), (i) (1) (C), (i) (1) (D), (i) (1) (F), (i) (3), and (1) in section 403 of the Sixth Supplemental National Defense Appropriation Act, 1942, shall be effective as if such amendments and subsections had been a part of section 403 of such Act on the date of its enactment, and (2) the amendments adding subsection (d) and (e) (2) to section 403 of such Act shall be effective from the date of the enactment of this Act. TITLE VIII-REPRICING OF WAR CONTRACTS SEC. 801. REPRICING OF WAR CONTRACTS. (a) As used in this section the terms "Department", "Secretary" and "article" shall have the same meanings as in subsection (a) of the Renegotiation Act. (b) When the Secretary of a Department deems that the price of any article or service of any kind, which is required by his Department or directly or indirectly required, furnished, or offered in connection with, or as a part of, the performance or procurement of any contract with his Department or of any subcontract thereunder, is unreasonable or unfair, the Secretary may require the person furnishing or offering to furnish such article or service to negotiate to fix a fair and reasonable price therefor. If such person refuses to agree to a price for such article or service which the Secretary considers fair and reasonable, the Secretary by order may fix the price payable to such person for furnishing such article or service after the effective date of the order, whether under existing agreements or otherwise. The order may prescribe the period during which the price so fixed shall be effective and such other terms and conditions as the Secretary deems appropriate. (c) Any person aggrieved by an order fixing a price under this section may sue the United States in any appropriate court. In such suit, such person shall be entitled to recover from the United States the amount of any difference between (1) fair and just compensation for the articles and services furnished under the terms of the order and (2) the price fixed for such articles and services by the order; but if the prices so fixed by the order are found to exceed fair and just compensation for such articles and services, such person shall be liable to the United States in such suit for the amount of this excess. Any such suit shall be brought within six months after the order by the Secretary on which it is based, or after the expiration of the period or periods specified in such order, whichever last occurs. Such a suit shall not stay the order involved. (d) Whenever any person wilfully refuses, or wilfully fails to furnish any such articles or services at the price fixed by an order of the Secretary in accordance with this section, the President shall have power to take immediate possession of the plant or plants of such person and to operate them in accordance with section 9 of the Selective Training and Service Act of 1940, as amended. (e) The authority and discretion herein conferred upon the Secretary of each Department may be delegated in whole or in part by him to such individuals or agencies as he may designate in his Department, or in any other Department with the consent of the Secretary of that Department, and he may authorize such individuals or agencies to make further delegations of such authority and discretion. (f) Every purchase order or agreement, or contract to make or furnish any article or service of any kind, which is required by a Department or directly or indirectly required, furnished, or offered in connection with, or as a part of, the performance or procurement of any contract with such Department or of any subcontract thereunder, shall, if made thirty days or more after the date of the enactment of this Act, be deemed to contain a provision under which the person making or furnishing such article or service agrees that notwithstanding other provisions of the purchase order, agreement, or contract, he shall be entitled to receive for such article or service only the fair and just compensation provided for in subsection (c). SEC. 802. EFFECTIVE DATE. (a) Section 801 shall be effective from the date of the enactment of this Act. (b) Section 801 shall not apply to any contract with a Department or any subcontract made after the date proclaimed by the President as the date of the termination of hostilities in the present war or the date specified in a concurrent resolution of the two Houses of Congress as the date of such termination, whichever is the earlier. TITLE IX-SOCIAL SECURITY TAXES SEC. 901. AUTOMATIC INCREASE IN 1944 RATE NOT TO APPLY. (a) Clauses (1) and (2) of section 1400 of the Federal Insurance Contributions Act (Internal Revenue Code, sec. 1400) are amended to read as follows: "(1) With respect to wages received during the calendar years 1939, 1940, 1941, 1942, 1943, and 1944, the rate shall be I per centum. "(2) With respect to wages received during the calendar year 1945, the rate shall be 2 per centum." (b) Clauses (1) and (2) of section 1410 of such Act (Internal Revenue Code, sec. 1410) are amended to read as follows: "(1) With respect to wages paid during the calendar years 1939, 1940, 1941, 1942, 1943, and 1944, the rate shall be I per centum. "(2) With respect to wages paid during the calendar year 1945, the rate shall be 2 per centum. SEC. 902. APPROPRIATIONS TO THE TRUST FUND. Section 201 (a) of the Social Security Act, as amended, is further amended by adding at the end of the subsection the following: "There is also authorized to be appropriated to the Trust Fund such additional sums as may be required to finance the benefits and payments provided under this title." SAM RAYBURN Speaker of the House of Representatives. Acting President of the Senate pro tempore. IN THE HOUSE OF REPRESENTATIVES, U. S., The House of Representatives having proceeded to reconsider the bill (H. R. 3687) entitled "An Act to provide revenue, and for other purposes", returned by the President of the United States with his objections, to the House of Representatives, in which it originated, it was Resolved, That the said bill pass, two-thirds of the House of Representatives agreeing to pass the same. Attest: SOUTH TRIMBLE Clerk. I certify that this Act originated in the House of Representatives. SOUTH TRIMBLE Clerk IN THE SENATE OF THE UNITED STATES, February 25 (legislative day, February 7), 1944. The Senate having proceeded to reconsider the bill (H. R. 3687) entitled "An Act to provide revenue, and for other purposes", returned by the President of the United States with his objections, to the House of Representatives, in which it originated, and passed by the House of Representatives on reconsideration of the same, it was Resolved, That the said bill pass, two-thirds of the Senate having voted in the affirmative. Attest: EDWIN A. HALSEY Secretary. [CHAPTER 210—1ST SESSION] AN ACT To extend through December 31, 1945, the termination date under the Renegotiation Act. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (h) of the Renegotiation Act (relating to the termination date) is amended to read as follows: "(h) This section shall apply only with respect to profits derived from contracts with the Departments and subcontracts which are determined under regulations prescribed by the Board to be reasonably allocable to performance prior to the close of the termination date. Notwithstanding the method of accounting employed by the contractor in keeping his books, profits determined to be so allocable shall be considered as having been received or accrued not later than the termination date. For the purposes of this subsection, the term 'termination date' means whichever of the following dates first occurs— "(1) December 31, 1945; or "(2) the date proclaimed by the President as the date of the termination of hostilities in the present war; or "(3) the date specified in a concurrent resolution of the two Houses of Congress as the date of the termination of hostilities in the present war." SEC. 2. TERMINATION OF REPRICING OF WAR CONTRACTS. Section 802 (b) of the Revenue Act of 1943 (relating to repricing of war contracts) is amended to read as follows: "(b) Section 801 shall not apply to any contract with a Department or any subcontract made after (1) the date proclaimed by the President as the date of the termination of hostilities in the present war, or (2) the date specified in a concurrent resolution of the two Houses of Congress as the date of such termination, or (3) December 31, 1945, whichever date is the earlier." Approved June 30, 1945. (467) 76573 O-61-31 [PUBLIC LAW 547-80TH CONGRESS] [CHAPTER 333-2D SESSION] AN ACT Making supplemental appropriations for the national defense for the fiscal year ending June 30, 1948, and for other purposes. CONSTRUCTION OF AIRCRAFT AND RELATED PROCUREMENT For new construction and procurement of aircraft and equipment, spare parts and accessories therefor, including expansion of public plants or private plants (not to exceed $500,000), and governmentowned equipment and installation thereof in public or private plants, and for the employment of group IVb personnel in the Bureau of Aeronautics necessary for the purposes of this appropriation, to remain available until expended, $315,000,000, of which $150,000,000 is for liquidation of obligations incurred under authority heretofore granted to enter into contracts for the foregoing purposes, including not to exceed $20,000,000 for liquidation of obligations incurred during fiscal year 1945 against appropriation "Aviation, Navy, 1945"; and in addition, the Secretary of the Navy is authorized, until June 30, 1949, to enter into contracts for the purposes of this appropriation in an amount not to exceed $588,000,000: Provided, That the unexpended balances of the appropriations of $310,000,000 and $90,000,000 which were made available until expended for the foregoing purposes by the Navy Department Appropriation Act, 1947, and the Navy Department Appropriation Act, 1948, respectively, shall be consolidated with this appropriation, to be disbursed and accounted for as one fund: Provided further, That any obligation incurred hereunder shall be subject to the general provisions of the Navy Department Appropriation Act for the fiscal year in which such obligation is incurred. SEC. 2. The Secretary of Defense shall report to the Committees on Appropriations and Armed Services of the Congress not later than June 30, 1948, and quarterly thereafter, the amounts obligated under the contract authorizations provided for in this Act and such reports shall include a statement of finding by the President that the contracts let are necessary in the interests of the national defense and that the contract specifications insure the maximum utilization of improvements in aircraft and equipment consistent with the defense needs of the United States. SEC. 3. (a) All contracts in excess of $1,000 entered into under the authority of this Act, obligating funds appropriated hereby, obligating funds consolidated by this Act with funds appropriated hereby, or entered into through contract authorizations herein granted, and all subcontracts thereunder in excess of $1,000 shall contain the following article: (468) |