A bill to amend the Railroad Retirement Act of 1937 and the Railroad Retirement Tax Act to revise certain eligibility conditions for annuities; to change the railroad retirement tax rates; and to amend the Interstate Commerce Act in order to improve the procedures pertaining to certain rate adjustments for carriers subject to part I of the act, and for other purposes.
PL 93-69 (H.R.7200), enacted 07/10/1973

162 
PUBLIC LAW 93-69-JULY 10, 1973 
[87 STAT. 
July 10, 1973 
[H. R. 7200] 
Railroads. 
Retirement 
annuities and tax 
rates. 
Interstate and 
intrastate rate 
adjustments. 
60 Stat. 727; 
75 Stat. 585. 
45 u s e 228b. 
Employee retire-
ment tax rates, 
reduction. 
73 Stat. 28; 
80 Stat. 1078. 
26 u s e 3201. 
86 Stat. 1362, 
1363. 
68A Stat. 417; 
86 Stat. 419, 1365. 
80 Stat. 1088. 
Employee repre-
sentatives, tax. 
73 Stat. 29; 
80 Stat. 1078, 
1088. 
Employers, 
excise tax. 
Public Law 93-69 
AN ACT 
To amend the Railroad Retirement Act of 1937 and the Railroad Retirement 
Tax Act to revise certain eligibility conditions for annuities; to change the 
railroad retirement tax rates; and to amend the Interstate Commerce Act in 
order to improve the procedures pertaining to certain rate adjustments for 
carriers subject to part I of the Act, and for other purposes. 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled, 
TITLE I—RAILROAD RETIREMENT ACT AMENDMENTS 
SEC. 101. Section 2(a) of the Railroad Retirement Act of 1937 is 
amended— 
(1) by striking out "Women" in paragraph 2 and inserting in 
lieu thereof "Individuals"; 
(2) by striking out "Men who will have attained the age of 
sixty and will have completed thirty years of service, or individ-
uals" in paragraph 3 and inserting in lieu thereof "Individuals"; 
and 
(3) by striking out "such men or" in paragraph 3 thereof. 
SEC. 102. (a) Section 3201 of the Internal Revenue Code of 1954 
(relating to the rate of tax on employees under the Railroad Retire-
ment Tax Act) is amended by striking out all that appears therein and 
inserting in lieu thereof the following: 
"In addition to other taxes, there is hereby imposed on the income 
of every employee a tax equal to the rate of the tax imposed with 
respect to wages by section 3101(a) of the Internal Revenue Code 
of 1954 plus the rate imposed by section 3101(b) of such Code of so 
much of the compensation paid to such employee for services rendered 
by him after September 30, 1973, as is not in excess of an amount 
equal to one-twelfth of the current maximum annual taxable 'wages' 
as defined in section 3121 of the Internal Revenue Code of 1954 for 
any month after September 30,1973." 
(b) Section 3202(a) of such Code is amended— 
(1) by striking out "1965" wherever it appears in the second 
sentence thereof and inserting in lieu thereof "1973"; 
(2) by striking out "(i) $450, or (ii)" wherever it appears in 
the second sentence thereof; and 
(3) by striking out", whichever is greater," wherever it appears 
in the second sentence thereof. 
(c) Section 3211(a) of such Code (relating to the rate of tax on 
employee representatives under the Railroad Retirement Tax Act) is 
amended by striking out all that appears therein and inserting in lieu 
thereof the following: 
"(a) In addition to other taxes, there is hereby imposed on the 
income of each employee representative a tax equal to 9.5 percent plus 
the sum of the rates of tax imposed with respect to wages by sections 
3101(a), 3101(b), 3111(a), 3111(b) of the Internal Revenue Code of 
1954 of so much of the compensation paid to such employee represent-
ative for services rendered by him after September 30, 1973, as is not 
in excess of an amount equal to one-twelfth of the current maximum 
annual taxable 'wages' as defined in section 3121 of the Internal Reve-
nue Code of 1954 for any month after September 30, 1973." 
(d) Section 3221(a) of such Code (relating to the rate of tax on 
employers under the Railroad Retirement Tax Act) is amended by 
striking out "In addition to other taxes" and all that follows to "except 
that" and inserting in lieu thereof the following: 
87 STAT. ] 
PUBLIC LAW 93-69-JULY 10, 1973 
163 
''In addition to other taxes, there is hereby imposed on every 
employer an excise tax, with respect to having individuals in his 
employ, equal to 9.5 percent of so much of the compensation paid by 
such employer for services rendered to him after September 30, 1973, 
as is, with respect to any employee for any calendar month, not in 
excess of an amount equal to one-twelfth of the current maximum 
annual taxable 'wages' as defined in section 3121 of the Internal 
Revenue Code of 1954 for any month after September 30, 1973;''. 
se^tt'Ti'g'^ll'es 
(e) Section 3221(a) of such Code, as amended by section 102(d) of 26 use 3121. 
this Act, is further amended— 
(1) by striking out "1965" wherever it appears in the first sen-
tence thereof and inserting in lieu thereof ''1973"; 
(2) by striking out "(1) $450, or (ii)" wherever it appears in 
the first sentence thereof; and 
(3) by striking out", whichever is greater," wherever it appears 
in the first sentence thereof. 
(f) Section 3221(b) of such Code is amended by striking out all ^^ stat. 29. 
that appears therein and inserting in lieu thereof the following: 
"(b) The rate of tax imposed by subsection (a) shall be increased, 
with respect to compensation paid for services rendered after Septem-
ber 30,1973, by the rate of tax imposed with respect to wages by section 
3111(a) of the Internal Revenue Code of 1954 plus the rate imposed 86^stat^\"364^' 
by section 3111 (b) of such Code." 
SEC. 103. (a) Section 6 of Public Law 91-377, as amended by section . Annuity 
i » - r » i i ' T 
r\ 
t n • 
p 
1 
1 1 1 
• ! • 
LL -t 
-. -
v increasc, termina-
8(c) or Public Law 92-46, is lurther amended by striking out .nine 30, tion date, exten-
1973" each time that date appears and inserting in lieu thereof ^^g"* 
"December 31,1974''. 
as stat! 102. ' 
(b) Section 8(b) of Public Law 92-46 is amended by striking out 
45 use 228c 
"June 30, 1973" each time that date appears and inserting in lieu "°'^* 
thereof "December 31,1974"'. 
(c) Section 5(b) of Public Law 92-460 is amended by striking out l\ Ascitic 
"June 30, 1973" each time that date appears and inserting in lieu note. 
thereof "December 31,1974". 
SEC. 104. (a) Section 3(a) of the Raih-oad Retirement Act of 1937 g/^^^^^VeV' 
is amended by inserting at the end thereof the following neAv 45 use 228c. 
paragraph: 
"(6) If title II of the Social Security Act is amended to provide an ^^^2^^^^ """ 
increase in benefits payable thereunder at any time during the period 
42 use 401. 
July 1,1973, through December 31,1974, the individual's annuity com-
puted under the preceding provisions of this subsection and that part 
of subsection (e) of this section which precedes the first proviso shall 
be increased in an amount equal to the difference between (i^ the 
amount (before any reduction on account of age) which would be 
payable to such individual under the then current law if his or her 
annuity were computed under the first proviso of section 3(e) of this 
Act, without regard to the words 'plus 10 per centum of such amount' 
contained therein; and (ii) the amount (before any reduction on 
account of age) which would have been payable to such individual 
under the law as in effect prior to July 1, 1973, if his or her annuity 
had been computed under such first proviso of section 3(e) of this 
Act, without regard to the words 'plus 10 per centum of such total 
amount' contained therein (assuming for this purpose that the eligi-
bility conditions and the proportions of the primary insurance 
amounts payable under the then current Social Security Act had been ^'^ "^^ ^^°^* 
in effect prior to July 1, 1973) : Provided, hoivever^ That, in comput-
ing such amount, only the social security benefits which would have 
been payable to the individual whose annuity is being computed under 
this Act shall be taken into account: Provided further^ That if an 
annuity accrues to an individual for a part of a month the added 
164 
PUBLIC LAW 93-69-JULY 10, 1973 
[87 
STAT. 
42 u s e 401. 
45 use 228b. 
Spouse's an-
nuity. 
86 Stat. 765. 
45 u s e 228b. 
Ante, p. 163. 
45 u s e 228b. 
Survivor's an 
nuities. 
86 Stat. 
45 u s e 
82 Stat. 
45 u s e 
Benefit 
creases. 
766. 
228e. 
19. 
228c. 
i n -
amount payable for such part of a month under this section shall be 
one-thiitieth of the added amount payable under this section for an 
entire month, multiplied by the number of days in such part of a 
month. If wages or compensation prior to 1951 are used in making 
any computation required b
j
A this paragraph, the Railroad Retirement 
Board shall have the authority to approximate the primary insurance 
amount to be utilized in making such computation. In making any 
computation required by this paragraph, any benefit to which an 
individual may be entitled under title I I of the Social Security Act 
shall be disregarded. For purposes of this paragraph, individuals 
entitled to an annuity under section 2(a)(2) of this Act shall be deemed 
to be age 65, and individuals entitled to an annuity under section 2(a) 
(8) of this Act who have not attained age 62 shall be deemed to 
he age 62. Indi^dduals entitled to annuities under section 2(a) (4) or 
2(a) (5) of this Act for whom no disability freeze has been granted 
shall be treated in the same manner for purposes of this paragraph 
as individuals entitled to annunities under section 2(a)(4) or2(a)(5) 
for whom a disability freeze has been granted. In the case of an 
individual who is entitled to an annuity under this Act but whose annu-
ity is based on insuificient quarters of coverage to have a benefit com-
puted, either actually or potentially, under the first proviso of section 
8(e) of this Act, the average monthly wage to be used in determining 
the amount to be added to the annuity of such individual shall be 
equal to the average monthly compensation or the average monthly 
earnings, whichever is applicable, used to enter the table in section 
8(a) (2) of such Act for purposes of computing other portions of such 
individual's annuity." 
(b) Section 2(e) of the Railroad Retirement Act of 1987 is 
amended— 
(1) by striking out "section 8(a), (8), (4), or (5) of this Act" 
and inserting in lieu thereof "section 3(a), (8), (4), (5), or (6) 
of this Act"; 
(2) by striking out the second sentence of the last paragraph; 
and 
(8) by adding at the end thereof the following new paragraph: 
"The spouse's annuity computed under the other provisions of this 
section shall (before any reduction on account of age) be increased in 
an amount determined by the method of computing increases set forth 
in subsection (a) (6) of section 8. The preceding sentence and the 
other provisions of this subsection shall not operate to increase the 
annuity of a spouse (before any reduction on account of age) to an 
amount in excess of the maximum amount of a spouse's annuity as 
provided in the first sentence of this subsection. This paragraph shall 
be disregarded in the application of the preceding three paragraphs." 
(c) Section 2(i) of the Railroad Retirement Act of 1987 is amended 
by striking out "the last paragraph plus the two preceding para-
graphs" and inserting in lieu thereof "the last paragraph plus the 
three preceding paragraphs". 
(d) Section 5 of the Railroad Retirement Act of 1987 is amended by 
inserting at the end thereof the following new subsection: 
" (q) A survivor's annuity computed under the preceding provisions 
of this section shall be increased in an amount determined by the 
method of computing increases set forth in subsection (a) (6) of sec-
tion 8: Provided, hoioever, That in computing such an amount for a,n 
individual entitled to an annuity under subsection 5(a) (2), the 90.75 
per centum figure appearing in the third paragraph of section 3(e) 
of this Act shall be deemed to be 82.5 per centum." 
SEC. 105. If title I I of the Social Security Act is amended to provide 
an increase in benefits payable thereunder at any time during the 
period July 1, 1973, through December 31, 1974, the pension of each 
87 STAT.] 
PUBLIC LAW 93-69-JULY 10, 1973 
165 
individual under section 6 of the Railroad Retirement Act of 1937 and 
the annuity of each individual under the Railroad Retirement Act of 
1935 shall be increased in an amount determined by the method of 
computing increases set forth in subsection (a) of section 104 of this 
Act, deeming for this purpose the average monthly earnings (in the 
case of a pension) or the average monthly compensation (in the case 
of an annuity under the Railroad Retirement Act of 1935) vi^hich 
would be used to compute the basic amount if the individual were to 
die to be the average monthly wage. 
SEC. 106. All recertifications rec^uired by reason of the amendments 
made by sections 104 and 105 of this Act shall be made by the Railroad 
Retirement Board without application therefor. 
SEC. 107. (a) For the purpose of preparing ajid submitting the 
report provided for in subsection (c), it shall be the duty and responsi-
bility of representatives of employees to designate (within the thirty-
day period commencing on the date of enactment of this Act) and 
notify the Senate Committee on Labor and Public Welfare and the 
House Committee on Interstate and Foreign Commerce of the identity 
(by name and position) of the labor members, and of representatives 
of carriers to designate (within such thirty-day period) and notify 
such committees of the identity (by name and position) of the man-
agement member's, who shall compose the group authorized to pre-
pare in their behalf, the report provided for in subsection (c). 
(b) The group so authorized to prepare the report provided for in 
subsection (c) shall— 
(1) hold such meetings (which shall not be less often than once 
each month) as may be necessary to assure that such report will 
be submitted within the time provided, and contain the material 
prescribed, under subsection (c) ; and 
(2) submit to such committees on September 1, 1973, Novem-
ber 1,1973, and January 1,1974, interim reports as to the progress 
being made toward completion of the report provided for in sub-
section (c) ; except that no such interim report shall be submitted 
after the submission of the report provided for in subsection (c). 
(c)(1) Not later than April 1, 1974, representatives of employees 
and representatives of carriers, acting through the group designated 
by them pursuant to subsection (a), shall submit to such committees 
a report containing their joint recommendations for restructuring 
the railroad retirement system in a manner Avhich will assure the long-
term actuarial soundness of such system, which recommendations shall 
take into account the specific recommendations of the Commission on 
Railroad Retirement. 
(2) The joint recommendations contained in such report shall be 
specific and shall be presented in the form of a draft bill. 
SEC. 108. The Congress hereby declares its intent to enact legislation 
in 1974, effective not later than January 1, 1975, which will assure the 
long-term actuarial soundness of the railroad retirement system. 
SEC. 109. (a) The amendments made by section 101 of this Act shall 
become effective on July 1, 1974: Provided, 
hoioever. That those 
amendments shall not apply to individuals whose annuities began to 
accrue prior to that date. 
(b) The amendments made by section 102 of this Act shall become 
effective on October 1, 1973, and shall apply only with respect to com-
pensation paid for services rendered on or after that date: Provided^ 
however^ That such amendments shall not be applicable to any dock 
company, common carrier railroad, or railway labor orgajiization 
described in section 1(a) of the Railroad Retirement Act of 1937, with 
respect to those of its employees covered as of October 1, 1973, by a 
private supplemental pension plan established through collective bar-
gaining, where a moratorium in an agreement made on or before 
50 Stat. 312. 
45 u s e 228f. 
49 Stat. 967. 
45 u s e 215 
note. 
Ante, p. 163. 
Labor^nana^e-
ment group, 
report; notice to 
congressional 
committees. 
Progress 
reports. 
Report to con-
gressional com-
mittees. 
Effective dates. 
50 Stat. 307. 
45 u s e 228a. 
166 
PUBLIC LAW 93-69-JULY 10, 1973 
[87 STAT. 
Effective date. 
Ante, p. 163. 
42 u s e 401. 
Citation of title. 
March 8,1973, is applicable to changes in rates of pay contained in the 
current collective-bargaining agreement covering such employees, until 
the earlier of (1) the date as of which such moratorium expires, or (2) 
the date as of which such dock company, common carrier railroad, or 
lailway labor organization agrees through collective bargaining to 
make the provisions of such amendments applicable. 
(c) The amendments made by sections 103 and 104 of this Act shall 
be effective on the enactment date of this Act: Provided^ however^ 
That any increases in annuities or pensions resulting from the provi-
sions of sections 104 and 105 of this Act shall be effective on the same 
date or dates as the benefit increases under title I I of the Social 
Security Act which gave rise to such annuity or pension increases are 
effective. 
SEC. 110. This title may be cited as the "Railroad Retirement Amend-
ments of 1973". 
Rate increase 
petitions. 
41 Stat. 488; 
72 Stat. S72. 
Ante, p. 162. 
26 u s e 3201, 
Supra. 
80 Stat. 383. 
Interim rates. 
Public notice 
requirement. 
Final rate deter-
mination, hear-
ings. 
TITLE II—INTERSTATE COMMERCE ACT AMENDMENTS 
SEC. 201. Section 15a of the Interstate Commerce Act (49 U.S.C. 
15a) is amended by adding at the end thereof the following new 
paragraph: 
" (4) (a) The Commission shall by rule, on or before August 1,1973, 
establish requirements for pdtitions for adjustment of interstate rates 
of common carriers subject to this part based upon increases in 
expenses of such carriers resulting from any increases in taxes under 
the Railroad Retirement Tax Act, as amended, occurring on or before 
January 1,1975, or as a result of the enactment of the Railroad Retire-
ment Amendments of 1973. Such requirements, established pursuant 
to section 553 of title 5 of the United States Code (with time for 
comment limited so as to meet the required date for establishment 
and isubject to future amendment or revocation), shall be designed 
to facilitate fair and expeditious action on any such petition as 
required in subparagraph (b) of this paragraph by disclosing such 
information as the amount needed in rate increases to offset such 
increases in expenses and the availability of means other than a rate 
increase by which the carrier might absorb or offset such increases in 
expenses. 
"(b) Notwithstanding any other provision of law, the Commission 
shall, within thirty days of the filing of a verified petition in accord-
ance with rules promulgated under subparagraph (a) of this para-
graph, by any carrier or group of carriers subject to this part, permit 
the establishment of increases in the general level of the interstate 
rates of said carrier or carriers in an amount approximating that 
needed to offset increases in expenses theretofore experienced or 
demonstrably certain to occur commencing on or before the effective 
date of the increased rates, as a result of any increases in taxes under 
the Railroad Retirement Tax Act, as amended, occurrinjsf on or 
before January 1,1975, or as a. result of the enactment of the Railroad 
Retirement Amendments of 1973. Such increases in rates may be 
made effective on not more than thirty nor le«s than ten days' notice 
to the public, notwithstanding any outstanding orders of the Com-
mission. To the extent necessary to effectuate their establishment, 
rates so increased shall be relieved from the provisions of section 4 
of this part and may be published in tariff supplements of the kind 
ordinarily authorized in general increase proceedings. 
"(c) The Commission shall within sixty days from the date of 
establishment of interim rates under paragraph (4) (b) of this section 
commence hearings for the purpose of making the final rate determina-
tion. The Commission shall then proceed to make such final rate deter-
mination with the carrier having the burden of proof. In making such 
87 STAT. ] 
PUBLIC LAW 93-69-JULY 10, 1973 
167 
49 use 1. 
Intrastate rate 
increase. State 
determination, the Commission may take into account all factors 
appropriate to ratemaking generally under part I of this Act and shall 
determine such final rates under the standards and limitations appli-
cable to ratemaking generally under part I of this Act. If the increases 
in rates finally authorized by the Commission are less than the increases 
in rates initially made effective, the carrier or carriers shall, subject 
to such tariff provisions as the Commission shall deem sufficient, make 
such refunds (in the amount by which the initially increased rate 
collected exceeds the finally authorized increased rate) as may be 
oi'dered by the Commission, plus a reasonable rate of interest as deter-
mined by the Commission. Nothing contained in this paragraph shall 
limit or otherwise affect the authority of the Commission to authorize 
or to permit to become effective any increase in rates other than the 
increases herein specified. 
"(d) (A) The State authority having jurisdiction over petitions for ^ _ __^ 
intrastate rate increases by any carrier or group of carriers subject to authority'. 
part I of this Act shall, within 60 days of the filing of a verified peti-
tion for such increases based upon increases in expenses of such 
carriers as a result of any increases in taxes under the Railroad Retire-
ment Tax Act, as amended, occurring on or before January 1,1975, or 
^g"usc'32o^i 
as a result of the enactment of the Railroad Retirement Amendments 
of 1973, act upon said petition. Such State authority may grant an 
^"*e. P- i^e 
interim rate increase or a final rate increase. If such State authority 
grants any interim rate increases, it shall thereafter investigate and 
determine the reasonableness of such increases and modify them to the 
extent required by applicable law. To the extent that any such interim 
increases are reduced as a result of the action of a State authority, the 
carrier or carriers shall make such refunds (in the amount by which 
the initially increased rate collected exceeds the finally authorized 
increased rate) as may be ordered by such State authority, plus a 
reasonable rate of interest as determined by the State authority. 
"(B) If a State authority denies in toto such a petition filed with it 
by such carrier or group of carriers seeking relief regarding such 
intrastate rate increases or does not act finally on such petition within 
60 days from the presentation thereof, the Commission shall, within 
30 days of the filing of a verified petition by such carrier or group of 
carriers relating to such intrastate rates, act upon such petition by 
applying the ratemaking criteria of subparagraph (4) (c) of this para-
graph. If the Commission grants, in whole or in part, such petition by 
any carrier or group of carriers, the increase authorized shall be con-
sidered as an interim rate increase as provided in subparagraph (A) 
above and shall be subject to final determination by the State authority 
in accordance with the procedures prescribed for interim intrastate 
rate increases as provided above, including the ordering of refunds by 
such State authority. 
"(C) If a State authority denies in part such a petition filed with 
it by such carrier or group of carriers, within 60 days from the pres-
entation thereof, the Commission shall, within 30 days of the filing of a 
verified petition by such carrier or group of carrier's relating to the 
intrastate rates involved, act upon such petition by applying the cri-
teria of section 13(4) of this part. 
72 Stat. 570. 
"(D) Nothing in subparagraph (A) or (B) shall be construed to 
'^^ "^^ ^^• 
abrogate the authority of the Commission under section 13(4) of this 
part and in the event a carrier or group of carriers subject to a refund 
requirement under subparagraph (A) or (B) files a petition under sec-
tion 13(3), the refund requirement shall be stayed pending final order 
of the Commission under section 13 (4) of this part. 
"(e) Any increased freight rates authorized shall not exceed a rea-
sonable level by types of traffic, commodities, or commodity groups and 
168 
PUBLIC LAW 93-70-JULY 10, 1973 
[87 STAT. 
Citation of title. 
shall preserve existing market patterns and relationships and present 
port relationships by increase limitations within and between the 
major districts to the extent possible without authorizing unreason-
able increases in any district." 
SEC. 202. This title may be cited as the "Railroad Rate Adjustment 
Act of 1973". 
TITLE III—SEPARABILITY 
SEC. 301. If any provision of this Act or the application thereof 
to any person or circumstances should be held invalid, the remainder 
of such Act or the application of such provision to other persons or 
circumstances shall not be affected thereby. 
Approved July 10, 1973. 
July 10, 1973 
[H, R. 7670] 
Public Law 93-70 
AN ACT 
To authorize appropriations for the fiscal year 1974 for certain maritime 
programs of the Department of Commerce. 
Commerce 
Department mari-
time programs. 
Appropriation 
authorization. 
Additional ap-
propriation. 
86 Stat. 910. 
Be it enacted hy the Senate and House of Representatwes 
of the 
United States of America in Congress assembled^ That funds are 
hereby authorized to be appropriated without fiscal year limitation 
as the appropriation Act may provide for the use of the Department 
of Commerce, for the fiscal year 1974, as follows: 
(a) acquisition, construction, or reconstruction of vessels and 
construction-differential subsidy and cost of national defense fea-
tures incident to the construction, reconstruction, or recondition-
ing of ships, $275,000,000: Provided^ That the appropriation Act 
may provide that unobligated balances previously appropriated 
for purchase of modem or reconstructed United States-flag ves-
sels for layup in the National Defense Reserve Fleet, may also 
be used for construction-differential subsidy; 
(b) payment of obligations incurred for ship operation sub-
sidies, $221,515,000; 
(c) expenses necessary for research and development activities 
(including reimbursement of the vessel operations revolving fund 
for losses resulting from expenses of experimental ship opera-
tions), $20,000,000; 
(d) reserve fleet expenses, $3,773,000; 
(e) maritime training at the Merchant Marine Academy at 
Kings Point, New York, $8,600,000; and 
(f) financial assistance to State marine schools, $2,427,000. 
SEC. 2. In addition to the amounts authorized by section 1 of 
this Act, there are authorized to be appropriated for fiscal year 1974 
such additional supplemental amounts for the activities for which 
appropriations are authorized under section 1 of this Act as may be 
necessary for increases in salary, pay, retirement, or other employee 
benefits authorized by law. 
SEC. 3. Section 1103(f) of the Merchant Marine Act, 1936, as 
amended (46 U.S.C. 1273(f)), is amended by striking the figure 
"$3,000,000,000", 
and 
inserting 
in 
lieu 
thereof 
the 
figure 
"$5,000,000,000". 
Approved July 10, 1973.