An Act to amend section 1 (14) (a) of the Interstate Commerce Act to insure the adequacy of the national railroad freight car supply, and for other purposes
PL 89-430 (S.1098), enacted 05/26/1966

168 
PUBLIC LAW 89.430-MAY 26, 1966 
[80 STAT. 
SEC. 1). The Federal National Mortgage Association is authorized 
during the fiscal year 1966 to sell— 
(1) additional participations in the Government Mortgage 
Liquidation Trust, and 
(2) participations in a trust to be established by the Small 
Business Administration, 
each witliout regard to the provisions of paragraph (4) of section 
302(c) of the Federal National Mortgage Association Charter Act. 
Approved May 24, 1966. 
Ante, p. 165. 
cars 
Public Law 89-430 
May 26, 1966 
-^N ACT 
[^- ^0^^] 
To amend section 1 (14) (a) of the Interstate Commerce Act to insure the adequacy 
of the national railroad freight car supply, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
Railroad freight Jj^ited Sttttes of America in Congress assembled^ That section 1(14) 
54 Stat. 901. 
(a) of the Interstate Commerce Act is amended by adding at the end 
49 use 1. 
thereof the following: "In fixing such compensation to be paid for the 
use of any type of freight car, the Commission shall give consideration 
to the national level of ownership of such type of freight car and to 
other factors affecting the adequacy of the national freight car supply, 
and shall, on the basis of such consideration, determine whether com-
pensation should be computed solely on the basis of elements of owner-
ship expense involved in owning and maintaining such type of freight 
car, including a fair return on value, or whether such compensation 
should be increased by such incentive element or elements of compen-
sation as in the (Commission's judgment will provide just and reason-
able compensation to freight car owners, contribute to sound car 
service practices (including efficient utilization and distribution of 
cars), and encourage the acquisition and maintenance of a car supply 
adequate to meet the needs of commerce and the national defense. 
The 
Commission shall not make any incentive element applicable to any 
type of freight car the supply of which the Commission finds to be 
adequate and may exempt from the compensation to be paid by any 
group of carriers such incentive element or elements if the Commission 
finds it to be in the national interest." 
Effective date. 
gj^ g. Auy compcusatiou fixed pursuant to the amendment made 
to the Interstate Commerce Act by the first section of this Act shall not 
take effect before September 1, 1966. 
Approved May 26, 1966. 
Public Law 89-431 
May 26, 1966 
^^ 
ACT 
[H. R. 8376] 
rpQ amend title I of the Tariff Act of 1 9 ^ to make i>erinanent the existing 
duty-free treatment for certain corkboard insulation. 
Be it enacted hy the Semite and House of Representatioes 
of the 
Corkboard in- 
United Statcs of America 
in (^ongress assembled. That (a) item 
Free°"entry. 
220.80 of title I of the Tariff Act of 1980 (Tariff Schedules of the 
Ignited States; 28 Fed. Reg., part II, page 98, Aug. 17,1968; 77A Stat. 
98; 19 U.S.C., sec. 1202) is amended by striking out "2.5^ per board ft." 
each place it appears and inserting in lieu thereof "Free". 
Repeal. 
(b) Itcm 904.40 (77A Stat. 482) of such title I is repealed.