An Act to provide for exemptions from the antitrust laws to assist in safeguarding the balance-of-payments position of the United States
PL 89-175 (H.R.5280), enacted 09/09/1965

672 
PUBLIC LAW 89-175-SEPT. 9, 1965 
Public Law 89-175 
[79 STAL 
c . 
. 
, 
. 
AN ACT 
September 9, 1965 
[H. R. 5280] 
To provide for exemptions from the antitrust laws to assist in safeguarding the 
balance of jxayments position of the United States. 
International 
balance of pay-
ments. 
Voluntary agree-
ment program. 
Consv4ltation 
with financial 
interests. 
Formulation of 
agreements. 
Publication in 
Federal Register. 
38 Stat. 717; 
52 Stat. 117. 
15 u s e 58. 
Approval of 
agreements. 
Program review 
by Attorney Gen-
eral. 
Publication in 
Federal Register. 
Be It enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled. That it is declared 
to be the policy of Congress to safeguard the position of the United 
States with respect to its international balance of payments. 
To 
effectuate this policy the President shall undertake continuous sur-
veillance over the private flow of dollar funds from the United States 
to foreign countries, the solicitation of cooperation by banks, invest-
ment bankers and companies, securities brokers and dealers, insurance 
companies, finance companies, pension funds, charitable trusts and 
foundations, and educational institutions, to curtail expansion of such 
flow, and the authorization of such voluntary agreements or programs 
as may be necessary and appropriate to safeguard the position of the 
United States with respect to its international balance of payments. 
SEC. 2. (a) The President is authorized to consult with repre-
sentatives of persons described in section 1 to stimulate voluntary 
efforts to aid in the improvement of the balance of payments position 
of the United States. 
(b) When the President finds it necessary and appropriate to safe-
guard the United States balance of payments position, he may request 
persons described in section 1 to discuss the formulation of voluntary 
agreements or programs to achieve such objective. 
When such a 
request is made, a notice shall be promptly published by the President 
in the Federal Register, listing the persons invited to attend and the 
time and place at which the discussion is to be held. 
If the President 
makes such a request, no such discussion nor the formulation of any 
voluntary agreement or program in the course of such discussion shall 
be construed to be within the prohibitions of the antitrust laws or 
the Federal Trade Commission Act of the United States: Provided^ 
That na act or omission to act in effectuation of such voluntary agree-
ment or program is taken until after such voluntary agreement or 
program is approved in accordance with the provisions of subsections 
(c) and (d) hereof: And provided further^ That any meeting or dis-
cussion comply with the. requirements of subsection (e). 
(c) The President may approve, subject to such conditions as he 
may wish to impose, any voluntary agreement or program among 
persons described in section 1 that he finds to be necessary and appro-
priate to safeguard the United States balance-of-payments position. 
No act or omission to act which occurs pursuant to any approved 
voluntary agreement or program by a person described in section 1 
who has accepted a request of the President to participate shall be 
construed to be within the prohibitions of the antitrust laws or the 
Federal Trade Commission Act: Provided^ That any meeting or dis-
cussion pursuant to any such agreement or program comply with the 
requirements of subsection (e). 
(d) No voluntary agreement or pi-ogram shall be approved except 
after submission to the Attorney General for his review as to its effect 
on competition and a finding by the Attorney General after con-
sultation with the delegate of the President that the actual or potential 
detriment to competition is outweighed by the benefits of such agree-
ment or program to the safeguarding of the United States balance-
of-payments position. The finding of the Attorney General, together 
with his reasons, shall be published in the Federal Register not later 
than the time required by section 3 for publication of any approved 
agreement or program: Provided^ hoicecer. That where the President 
agreements. 
79 STAT. ] 
PUBLIC LAW 89-175-SEPT. 9,1%5 
673 
finds that tlie balance-of-payments position of the United States 
requires immediate approval of an agreement or program he may 
waive the requirement for a finding by the Attorney General and 
may approve such agreement or program. 
(e) Any meeting of representatives of persons described in section fi^nc^aj^fn-^ 
1 requested by the President pursuant to any approved voluntary terests. 
agreement or program or meetings or discussions pursuant to a request 
conditions. 
made in accordance with subsection (b), shall comply with each of 
the following conditions: (1) The Attorney General shall be given 
reasonable notice prior to any meeting, with such notice to include 
a copy of the agenda, a list of the participants, and the time and place 
of the meeting; (2) meetings shall be held only at the call of a full-
time salaried officer or employee of such department or agency as the 
President shall designate, and only with an agenda formulated by 
such officer or emplovee; (3) meetings shall be presided over by an 
officer or employee of the type mentioned in (2), who shall have the 
authority and be required to adjourn any meeting whenever he or a 
representative of the Attorney General considers adjournment to 
be in the public interest; (4) a verbatim transcript shall be kept of 
all proceedings at each meeting, including the names of all persons 
present, their affiliations, and the capacity in which they attend; and 
(5) a copy of each transcript shall be promptly provided for retention 
by the Attorney General. 
(f) The Attorney General shall continuously review the operation of ap^^Yment'^ 
any agreement or program approved pursuant to this Act, and shall ^^'•^^'"^" ^
• 
recommend to the President the withdrawal or suspension of such 
approval if in his judgment after consultation with the delegate of the 
President its actual or potential detriment to competition outweighs 
its benefit to the safeguarding of the United States balance-of-pay-
ments position. 
(g) The Attorney General shall have the authority to require the 
production of such books, records, or other information as shall have 
a direct bearing upon such agreement or program and the implementa-
tion thereof from any participant in a voluntary agreement or program 
jis he may determine reasonably necessary for the performance of his 
responsibilities under this Act. 
(h) The President may withdraw any request or finding made ^ ^rovlr"^^ °^ 
hereunder or approval granted hereunder, in which case, or upon 
termination of this Act, the provisions of this section shall not apply 
to any subsequent act or omission to act. 
SEC. 3. On or before January 1, 1966, and at least once every six idJnTand con^-'^^' 
months thereafter, the Attorney General shall submit to tlie Congress gress. 
and to the President reports on the performance of his responsibilities 
imder this Act. 
In such reports the Attorney General shall indicate, 
among other things, the extent to which his review of approved agree-
ments or programs has disclosed any actual or potential detriment to 
competition. 
The full text of each voluntary agreement or program 
approved pursuant to this Act shall be transmitted to the Attorney ister.' 
General immediately upon the approval thereof, and shall be published 
by the President in the Federal Register not less than three days 
prior to its effective date unless the President finds that publication 
of the full text of any agreement or program would be inconsistent with 
the national interest in which case only a summary need be published. 
SEC. 4. The President may require such reports as he deems neces- 
^^P°^^' 
sary to carry out the policy of this Act from any person, firm, or cor-
poration within the United States concerning any activities author-
ized by the provisions of this Act. 
SEC. 5. The President may delegate the authority granted him by defe"gatio'2 
this Act, except that the authority gi'anted may be delegated only to limitation.' 
Records. 
Publication in 
Federal Reg-
674 
PUBLIC LAW 89-176-SEPT. 10,1965 
[79 STAT. 
Termination. 
officials appointed by the President, with the advice and consent of 
the Senate, whether acting singly or jointly or as a committee or board: 
Provided^ however^ That the President may not delegate his authority 
under section 2(d) to waive the requirements for a finding by the 
Attorney General and approve an agreement or program where he 
has found that the balance-of-payments position of the United States 
requires immediate approval. 
SEC. 6. This Act and all authority conferred thereunder shall ter-
minate twenty months after it becomes law, or on such date prior 
thereto as the President shall find that the authority conferred by this 
Act is no longer necessary as a means of safeguarding the balance-
of-payments position and shall by proclamation so declare. 
SEC. 7. As used in this Act the word "person" includes corjjora-
tions, companies, associations, firms, partnerships, societies, and joint 
stock companies, as well as individuals, satisfying the description con-
tained in section 1. 
Approved September 9, 1965. 
September 10, 1965 
[H. R. 6964] 
Public Law 89-176 
AN ACT 
To amend section 4082 of title 18, United States Code, to facilitate the rehabili-
tation of persons convicted of offenses against the United States. 
Be it enacted hy the Senate and House of Representatives 
of the 
rehabuit^t^k)n^"' 
United States of America in Congress assembled, That section 4082 
"
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6
2 Stat! 850. 
of title 18, United States Code, is amended to read: 
"§ 4082. Commitment to Attorney General; residential treatment 
centers; extension of limits of confinement; work 
furlough 
"(a) A person convicted of an offense against the United States 
shall be committed, for such term of imprisonment as the court may 
direct, to the custody of the Attorney General of the United States, 
who shall designate the place of confinement where the sentence shall 
be served. 
"(b) The Attorney General may designate as a place of confine-
ment any available, suitable, and appropriate institution or facility, 
whether maintained by the Federal Government or otherwise, and 
whether within or without the judicial district in which the person 
was convicted, and may at any time transfer a person from one place 
of confinement to another. 
"(c) The Attorney General may extend the limits of the place of 
confinement of a prisoner as to whom there is reasonable cause to 
believe he will honor his trust, by authorizing him, under prescribed 
conditions, to— 
"(1) visit a specifically designated place or places for a period 
not to exceed thirty days and return to the same or another 
institution or facility. 
An extension of limits may be granted 
only to permit a visit to a dying relative, attendance at the 
funeral of a relative, the obtainmg of medical services not other-
wise available, the contacting of prospective employers, or for 
any other compelling reason consistent with the public interest; or 
"(2) work at paid employment or participate in a training 
program in the community on a voluntary basis while continuing 
as a prisoner of the institution or facility to which he is com-
mitted, provided that—