An Act to amend section 303 of the Budget and Accounting Act, 1921 (42 Stat. 23)
PL 83-161 (H.R.5228), enacted 07/28/1953

67 S T A T . ] 
PUBLIC LAW 162-JULY 29, 1953 
229 
Public Law 161 
CHAPTER 256 
AN ACT 
July 28, 1953 
To amend section 303 of the Budget and Accounting Act, 1921 (42 Stat. 23). — [ H . R. 5228] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 303 of 
the Budget and Accounting Act, 1921, approved June 10, 1921, is 
amended by adding at the end thereof the following: 
"Any Comptroller General who shall be so retired for age after 
serving at least ten years in his office, or who completes his term, shall 
receive an annuity during the remainder of his life equal to the salary 
payable for his office at the time of retirement or completion of term, 
except that the annuity of any Comptroller General who completes his 
term shall be reduced by one-fourth of 1 per centum for each full month 
he is under the age of sixty-five at such completion. 
Any Comptroller 
General who becomes permanently disabled from performing his duties 
shall be retired and shall receive an annuity during the remainder of 
his life equal to the salary payable for his office at the time of retire-
ment if he has served at least ten years therein or equal to one-half of 
such salary if he has served less than ten years. 
The annuities pro-
vided for herein shall be paid by the General Accounting Office. 
No 
person receiving benefits under this Act shall receive any other retire-
ment benefits under any other law of the United States." 
Approved July 28, 1953. 
42 Stat. 23. 
31 u s e 43. 
Comptroller Gen-
eral. 
Retirement 
a n -
nuity. 
Public Law 162 
CHAPTER 268 
JOINT RESOLUTION 
To permit the entry of five hundred eligible orphans under ten years of age, 
adopted abroad or to be adopted in the United States by United States citizens 
serving abroad in the United States Armed Forces or employed abroad by the 
United States Government. 
July 29, 1953 
[H. J. ^ 
Res. 228] 
Resolved 
hy the Senate 
and House of Representatives 
of the 
United States of America in Congress assembled, That not to exceed 
five hundred special nonquota immigrant visas may be issued, subject 
to all provisions of the Immigration and Nationality Act, to eligible 
orphans as defined in this Act who are under ten years of age at the 
time the visa application is filed and such eligible orphans may be 
admitted into the L^nited States for permanent residence: 
Provided, 
That the issuance of visas under this Act shall terminate not later 
than December 31,1954. 
SEC. 2. When used in this Act the term "eligible orphan" shall mean 
an alien child (1) who has suffered the death or disappearance of, 
or abandonment or desertion by, or separation or loss from, both 
parents, or w'ho has only one parent due to the death or disappearance 
of, abandonment or desertion by, or separation or loss from the other 
parent and the remaining parent is incapable of providing care for 
such child and has in w^riting irrevocably released him for emigration 
and adoption; (2) (a) who has been lawfully adopted abroad by a 
United States citizen and spouse while said citizen is or was serving 
abroad in the United States Armed Forces, or is or was employed 
abroad by the United States Government, or (b) concerning whom 
assurances, satisfactory to the consular officer to whom a visa applica-
tion on behalf of- such child is made, have been given by a United 
States citizen and spouse while said citizen is serving abroad in the 
United States Armed Forces, or is employed abroad by the United 
States Government, that if such child is admitted into the United 
Alien orphans. 
Visas. 
66 Stat. 163. 
8 u s e 1101 note. 
230 
PUBLIC LAW 163-JULY 30, 1953 
[67 ST A T , 
States such citizen and spouse will legally adopt him in the United 
States and will care for him properly; and (3) who is ineligible for 
admission into the United States solely because the nonpreference 
portion of the quota to which he would otherwise be chargeable is 
oversubscribed by applicants registered on the consular waiting list 
at the time his visa application is made. 
SEC. 3. No natural parent of any eligible orphan who shall be 
admitted into the United States pursuant to this Act shall thereafter, 
by virtue of such parentage, be accorded any right, privilege, or status 
under the Immigration and Nationality Act. 
SEC. 4. Any eligible orphan granted a visa under this Act shall be 
deemed a nonquota immigrant for the purposes of the Immigration 
and Nationality Act. 
Approved July 29, 1953. 
July 30,1953 
[H. R. 5141] 
Public Law 163 
CHAPTER 282 
AN ACT 
To dissolve the Reconstruction Finance Corporation, to establish the Small 
Business Administration, and for other purposes. 
Be it enacted hy the Senate and Uoune of Representatives 
of the 
United /States of America in Congress assembled^ 
TITLE I 
RFC Liquidation 
Act. 
Succession. 
62 Stat. 262. 
Loans , termina-
tion. 
62 Stat. 265. 
Procedure. 
61 Stat. 205. 
15 use 608, 609. 
Administr at iv e 
expenses. 
59 Stat. 597. 
31 use 841 note. 
Tin-smelting in-
dustry. 
50 use 98 note. 
SEC. 101. This title may be cited as the "Reconstruction Finance 
Corporation Liquidation Act". 
SEC. 102. (a) The first sentence of section 3 (a) of the Reconstruc-
tion Finance Corporation Act, as amended (15 U. S. C. 603 (a)), is 
amended by striking out "June 30, 1956"' and inserting in lieu thereof 
"June 30, 1954". 
(b) Subsection (f) of section 4 of the Reconstruction Finance Cor-
poration Act, as amended (15 U. S. C. 604 (f)), is amended by striking 
out "June 30,1954" and inserting in lieu thereof "the sixtieth day after 
the date of enactment of the Reconstruction Finance Corporation 
Liquidation Act". 
(c) Except as otherwise provided in this title, the liquidation of 
assets and winding up of aiffairs of the Reconstruction Finance Cor-
poration shall be carried out as expeditiously as possible in accordance 
with the provisions of sections 9 and 10 of the Reconstruction Finance 
Corporation Act. 
(d) The Secretary of the Treasury is authorized to incur and pay 
out of the funds of the Corporation all administrative expenses neces-
sary to carry out the functions vested in him. as a result of the enact-
ment of this title. 
Such expenses shall be limited to and charged 
against amounts made available to the Corporation or to the Secretary 
of the Treasury in appropriation Acts for applicable administrative 
expenses, which amounts shall not include any sums transferred to an 
officer or agency of the Government, other than the Secretary of the 
Treasury. The activities engaged in by the Secretary of the Treasury 
as a result of the enactment of this Act shall continue to be subject to 
the provisions of the Government Corporation Control Act. 
SEC. 103. Section 2 of the joint resolution entitled "Joint resolution 
to strengthen the common defense and to meet industrial needs for 
tin by providing for the maintenance of a domestic tin-smelting in-
industry", approved June 28, 1947 (61 Stat. 190), is amended by 
striking out "the Reconstruction Finance Corporation while that Cor-
poration has succession, and thereafter by".