Joint resolution to authorize the President to designate the period beginning April 15, 1973, as "National Clean Water Week".
PL 93-18 (H.J.Res.437), enacted 04/14/1973

22 
PUBLIC LAW 93-18-APR. 14, 1973 
[87 STAT. 
85 Stat. 2 1 . 
26 u s e 4920. 
68A Stat. 2 71; 
83 Stat. 63 7. 
78 Stat. 830; 
79 Stat. 960. 
26 u s e 4911, 
Report to 
Congress. 
"(C) stock acquired by such corporation through fore-
closure, where such stock was held by such corporation as 
security for loans or leases described' in paragraph (1) if 
sucli stock is disposed of within a 90-day period beginning 
on the day after the date of such foreclosure (including any 
additional 90-day periods reasonably necessary to dispose 
of such stock that the Secretary or his delegate may allow), 
or 
"(D) stock of a foreign corporation acquired in connection 
with and incidental to an acquisition of a debt obligation in a 
transaction described in paragraph (1) if (i) at the time of 
the acquisition of the debt obligation the value of such stock 
does not exceed 10 percent of the value of the debt obligation, 
and (ii) the terms of the debt obligation are not unreason-
able in light of credit practices in the business in which the 
corporation acquiring such debt obligation is engaged; and". 
(7) 
STOCK DIVTOENDS BY CERTAIN MUTUAL EUNDS.—Section 
4920(e) (relating to certain mutual funds) is amended by insert-
ing before the period ", except stock issued as a capital gain 
dividend, as defined in section 852(b) (3) (C)". 
SEC. 
4
. 
REPORT 
BY 
SECRETARY 
OF 
TREASURY. 
The Secretary of the Treasury shall study the effect on international 
monetary stability of the exemption granted under the authority of 
section 4917 of the Internal Revenue Code of 1954 (relating to exclu-
sion for original or new issues whei-e required for international mone-
tary stability) from the tax imposed by chapter 41 of such Code 
(relating to interest equalization tax) of new issues of Canadian stock 
or debt obligations. The Secretary shall report to the Congress, not 
later than September 30, 1973, the results of such study and his con-
clusions as to whether the termination of such exemption will have 
such consequences for Canada as to imperil or threaten to imperil the 
stability of the international monetary system, together with any rec-
ommendations, including recommendations for legislation, he may 
have. 
Approved April 10, 1973. 
April 14,1973 
[H. J. Res. 437] 
Public Law 93-18 
JOINT RESOLUTION 
To authorize the I'resident to designate the period beginning April l;j, 1973, as 
"National Clean Water Week". 
National Clean 
Water Week. 
Designation 
authorization. 
Resolved by the Senate and House of Representatives 
of the United 
States of Ainerlca in Congress assembled. That, to emphasize the 
importance of intelligently planned use and distribution of thei 
Nation's water resources, and in recognition of the highly developed 
professional and industrial techniques which jjrovide the American 
people with a constant supply of clean water for use in home, office, 
school, factory, hospital, and wherever else such clean water is needed, 
the President is hereby authorized and requested to issue a proclama-
tion designating the period beginning April 15, 1973, and ending 
April 22, 1973, as "National Clean Water Week", calling upon inter-
ested groups and organizations to observe such week with appropriate 
ceremonies and activities. 
Approved April 14, 1973.