The Public Papers of Harry S. Truman contain most of President Truman's public messages, statements, speeches, and
news conference remarks. Documents such as Proclamations, Executive Orders, and similar documents that are published in the Federal Register
and the Code of Federal Regulations, as required by law, are usually not included. The documents within the Public Papers
are arranged in chronological order. President Truman delivered the remarks or addresses from Washington, D. C., unless
otherwise indicated. The White House in Washington issued statements, messages, and letters unless noted otherwise.
(Public Papers of the Presidents of the United States, Harry S. Truman, 1945-1953. Washington, D.C.: United States Government Printing Office, 1966)
The Public Papers contain items such as the Statement by the President Announcing the Use of the A-Bomb at Hiroshima (August 6, 1945), the Special Message to the Congress on Greece and Turkey: The Truman Doctrine (March 12, 1947), the White House Statement Announcing Recognition of the Government of Israel (January 31, 1949), the Statement and Order by the President on Relieving General MacArthur of His Commands (April 11, 1951), and The President's Farewell Address to the American People (January 15, 1953).
|39. Special Message to the Congress Transmitting Reorganization Plan 1 Relating to the Reconstruction Finance Corporation|
February 19, 1951 |
To the Congress of the United States:
I transmit herewith Reorganization Plan No. 1 of 1951, prepared in accordance with the Reorganization Act of 1949.
The reorganization plan provides strengthened administration of the Reconstruction Finance Corporation by placing in a single Administrator of the Reconstruction Finance Corporation the functions of the present Board of Directors, except those that are specifically set forth and assigned to a new Loan Policy Board and to a board of review. The Administrator is thus made the executive head of the Corporation with major responsibility and authority over the administration of the Government programs carried out by the Corporation.
At the same time that this plan provides strengthened administration for the Corporation, it also provides certain additional safeguards with respect to loan policy and to specific loan applications. Under the reorganization plan, the Loan Policy Board promulgates general policies which shall govern the granting and denial of applications for financial assistance by the Corporation. The reorganization plan likewise includes new provisions for ensuring that all loan applications are handled in accordance with established policy.
In addition to providing strengthened administration of the Corporation and additional safeguards with respect to loan policy and the approval of specific loan applications, the reorganization plan provides the basis, by virtue of the composition of the Loan Policy Board, for better coordination of the Corporation's loan policies with other policies, programs and activities of the Government. The reorganization plan provides that this Board shall have five members, all ex officio. These are the Administrator of the Corporation, the Deputy Administrator, the Secretary of the Treasury, the Secretary of Commerce, and one additional member to be designated from time to time by the President from among officials of the Government who are required to be appointed by the President and confirmed by the Senate. The participation of these officials will facilitate the development of loan policies consistent with the requirements of other broad programs of the Government.
Especially important is the participation of the Secretary of Commerce who, as head of Department of Commerce, administers most of the Government programs for non-financial aids to business. Giving him a voice on the Loan Policy Board will aid in bringing under common policies the financial aids to business administered by the Corporation and the non-financial aids carried on in the Department of Commerce. Government aid to small and independent business should be particularly benefited by the participation of the Secretary of Commerce.
Specifically, the provision in the reorganization plan for a financial assistance procedure governing the processing of applications in excess of $100,000 to any borrower strengthens and gives statutory presc ...
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