An Act to amend the Life Insurance Company Act of the District of Columbia (48 Stat. 1145), approved June 19, 1934, as amended
PL 88-556 (H.R.8355), enacted 08/31/1964

764 
PUBLIC LAW 88-555-AUG. 31, 1964 
[78 
STAT. 
76 Stat. 1059. 
26 u s e 6038. 
Ante, p. 762. 
26 u s e 302, 304. 
(6) Section 6038(d)(1) of such Code (relating to definition of 
control) is amended— 
(A) by striking out "the second sentence of subparagraj)hs (A) 
and (B), and clause (ii) of subparagraph (C), of section 318 
(a) (2)" in subparagraph (A) and inserting in lieu thereof "sub-
paragraphs (A), 
(B), and (C) of section 318(a) (3)"; and 
(B) by striMng out "clause (i) of" in subparagraph (B). 
(c) The amendments made by this section shall take effect on the 
date of the enactment of this Act, except that, for purposes of sections 
302 and 304 of the Internal Eevenue Code of 1954, such amendments 
shall not apply with respect to distributions in payment for stock 
acquisitions or redemptions, if such acquisitions or redemptions 
occurred before the date of the enactment of this Act. 
Approved August 31, 1964. 
August 31, 1964 
[H. J. Res. 733] 
Public Law 88-555 
JOINT RESOLUTION 
To designate the powerhouse on Clear Creek at the head of Whiskeytown 
Reservoir, in the State of California, as Judge Francis Carr Powerhouse. 
Clear ereek, 
ealif. 
Judge Francis 
earr Powerhouse, 
designation. 
Resolved hy the Senate and House of Representatives 
of the United 
States of America in Congress assemhled^ That the one hundred and 
thirty thousand kilowatt capacity powerhouse on Clear Creek at the 
head of Whiskeytown Keservoir shall hereafter be known as Judge 
Francis Carr Powerhouse in honor of Judge Francis Carr, of 
Redding, California, a lawyer, judge, public servant, and advocate 
of reclamation development including the great Central Valley proj-
ect developed to meet the serious water shortages in the San Joaquin 
Valley and Sacramento Valley of California. 
The Secretary of the 
Interior is hereby directed to place a suitable plaque at the site. Any 
law, regulation, document, or record of the United States in which 
such powerhouse is designated or referred to shall be held to refer 
to such powerhouse under and by the name of Judge Francis Carr 
Powerhouse. 
Approved August 31, 1964. 
August 31, 1964 
[H. R. 8355] 
Public Law 88-556 
AN ACT 
To amend the Life Insurance Company Act of the District of Columbia (48 
Stat. 1145), approved June 19, 1934, as amended. 
D.C. 
Life Insurance 
Act, amendment. 
D . e . eode 
35-508. 
75 Stat. 514. 
D.C. Code 
35-535. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 8, 
chapter I I I of the Life Insurance Act (48 Stat. 1145) is amended 
by inserting at the beginning thereof " ( a ) " and by striking the figure 
"$100,000" in the first sentence thereof and inserting in lieu thereof 
the figure "$200,000", and by adding the following subsection: 
"(b) No company shall be exempt from the provisions of this sec-
tion by reason of its having been incorporated in the District or 
elsewhere prior to the effective date of this subsection, except that in 
the case of companies authorized in the District of Columbia on (date 
of passage) and continuously authorized thereafter without any in-
crease or broadening of authority, the minimum capital required of 
a stock company shall not be increased by this section," 
SEC. 2. (a) Subsection 10(b) (ii) of section 35 of chapter I I I of the 
Life Insurance Act of the District of Columbia (48 Stat. 1145) is