An Act to make uniform provisions of law with respect to the terms of office of the members of certain regulatory agencies.
PL 86-619 (S.1965), enacted 07/12/1960

74 S T A T . ] 
PUBLIC LAW 86-619-JULY 12, 1960 
407 
A legulation, provisional listing or termination thereof, tolerance 
limitation, or certification or exemption therefrom, under this section 
shall not be the basis for any presumption or inference in any proceed-
ing under section 706 (b) or (c) of the basic Act. 
(3) For the purpose of enabling the Secretary to carry out his func-
tions under paragraphs (1) (A) and (C) of this subsection with re-
spect to color additives deemed provisionally listed, he shall, as soon as 
practicable after enactment of this Act, afford by public notice a rea-
sonable opportunity to interested persons to submit data relevant 
thereto. If the data so submitted or otherwise before him do not, in 
his judgment, establish a reliable basis for including such a color addi-
tive or particular use or uses.thereof in a list or lists promulgated under 
paragraph (1) (A), or for determining the prevailing level or levels 
of use thereof prior to the enactment date with a view to prescribing 
a temporary tolerance or tolerances for such use or uses under para-
graph (1) (C), the Secretary shall establish a temporary tolerance lim-
itation at zero level for such use or uses until such time as he finds that 
it would not be inconsistent with the protection of the public health 
to increase or dispense with such temporary tolerance limitation. 
EFFECT ON MEAT INSPECTION AND POULTRY PRODUCTS INSPECTION ACTS 
SEC. 204. Nothing in this Act shall be construed to exempt any meat 
or meat food product, poultry or poultry product, or any person from 
any requirement imposed by or pursuant to the Meat Inspection Act 
of March 4, 1907, 34 Stat. 1260, as amended or extended (21 U.S.C. 
71 and the following), or the Poultry Products Inspection Act (21 
7istat. 441. 
U.S.C. 451 and the following). 
Approved July 12, 1960. 
Public Law 86-619 
AN ACT 
July 12, 1960 
To make uniform provisions of law with respect to tlie terms of ofHce of the 
^ 
meml>ers of certain regulatory agencies. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the second ^jReguiatoryagen-
sentence of the first section of the Federal Power Act (16 U.S.C. 792) ^p^^'™^ ",^ °"^'^
is amended to read as follows: "Their successors shall be appointed ° 4Tstatl'^797. 
each for a term of five years from the date of the expiration of the term 
for which his predecessor was appointed and until his successor is ap-
pointed and has qualified, except that he shall not so continue to serve 
beyond the expiration of the next session of Congress subsequent to the 
expiration of said fixed term of office, and except that any person ap-
pointed to fill a vacancy occurring prior to the expiration of the term 
for which his predecessor was appointed shall be appointed cmly for 
the unexpired term." 
SEC. 2. The first sentence of subsection (c) of section 4 of the Com-
munications Act of 1934 (47 U.S.C. 154(b)) is amended to read as 
'•^ s*^*- ^°*'-
follows: "The Commissioners first appointed under this Act shall 
continue in office for the terms of one, two, three, four, five, six, and 
seven years, respectively, from the date of the taking effect of this 
Act, the term of each to be designated by the President, but their suc-
cessors shall be appointed for terms of seven years and until their 
successors are appointed and have qualified, except that they shall not 
continue to serve beyond the expiration of the next session of Congress 
subsequent to the expiration or said fixed term of office; except that 
any person chosen to fill a vacancy shall be appointed only for the un-
expired term of the Commissioner whom he succeeds." 
108 
PUBLIC LAW 86-620-JULY 12, 1960 
[74 S T A T , 
48 Stat. 885. 
SEC. 3. The fourth sentence of subsection (a) of section 4 of the 
Securities Exchange Act of 1934 (15 U.S.C. 78 (d)) is amended to 
read as follows: "Each Commissioner shall receive a salary at the 
rate of $20,000 a year and shall hold office for a term of five years 
and until his successor is appointed and has qualified, except that 
he shall not so continue to serve beyond the expiration of tne next 
session of Congress subsequent to the expiration of said fixed term of 
office, and except (1) anj^ Commissioner appointed to fill a vacancy 
occurring, prior to the expiration of the term for which his predecessor 
was appointed shall be appointed for the remainder of such term, and 
(2) the terms of office of the Commissioners first taking office after 
the enactment of this title shall expire as designated by the President 
at the time of nomination, one at the end of one year, one at the 
end of two years, one at the end of three years, one at the end of 
four years, and one at the end of five years, after the date of the enact-
ment of this title." 
Approved July 12, 1960. 
July 12, 1960 
[S. 35 45] 
Alaska. 
Agricultural Col-
lege and School of 
Mines. 
45 Stat. 1091. 
Public Law 86-620 
AN ACT 
To amend section 4 of the Act of January 21, 1929 (48 U.S.C. 354a (c)), and 
for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assenibled^ That the second 
sentence of section 4 of the Act of January 21, 1929 (48 U.S.C. 
354a (c)), is amended by inserting after the words "public auction" the 
first time they occur therein the words "or, in the case of a lease, to the 
person who submits the highest bid at a public auction or through 
sealed competitive bidding" and by deleting the words "public auc-
tion" the second time they appear therein and inserting in lieu thereof 
the words "proposed sale or lease". 
SEC. 2. The said Act is further amended by striking the words 
"Territory" or "Territorial" wherever they appear and inserting in 
lieu thereof the word "State". 
Approved July 12, 1960. 
July 12, 1960 
IH. R. 4346] 
Public Law 86-621 
AN ACT 
To amend the Bankruptcy Act to limit the use of false financial statements as 
a bar to discharge. 
Be it enacted hy the Senate and House of Representatives 
of the 
at^^ment.''^ ^'^^' United States of America in Congress assemhled^ That section 14c (3) 
False financial of the Bankruptcy Act, as amended (11 U.S.C. 32(c) (3)), is amended 
52 Stat. 850. 
to read as lollows: 
"(3) while engaged in business as a sole proprietor, partner-
ship, or as an executive of a corporation, obtained for such busi-
ness money or property on credit or as an extension or renewal of 
credit by making or publishing or causing to be made or published 
in any manner whatsoever a materially false statement in writing 
respecting his financial condition or the financial condition of 
such partnership or corporation; or"