A bill to repeal the "cooly trade" laws.
PL 93-461 (S.2220), enacted 10/20/1974

STAT. ] 
PUBLIC LAW 93-461-OCT. 20, 1974 
1387 
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Treasury on account of awards certified by the Commission under 
paragraphs (2) and (3) of section 303 out of the Hungarian Claims 
Fund until payments on account of awards certified under paragraph 
(6) of section 303 with respect to such fund have been authorized in 
equal proportions to payments previously authorized on existing 
awards certified under paragraphs (2) and (3) of section 303. 
"(B) Except as otherwise provided in subparagraph (D), with 
respect to awards previously certified under paragraph (1) of section 
303, the Secretary of the Treasury shall not authorize any further 
payments until payments on account of awards certified under para-
graphs (2), (3), and (5) of section 303 have been authorized in 
equal proportions to payments previously authorized on existing 
awards certified under paragraph (1) of section 303. 
"(C) Except as otherwise provided in subparagraph (D), the Secre-
retary of the Treasury shall not authorize any further payments on 
account of awards certified under paragraph (3) of section 303 based 
on Kingdom of Hungary bonds expressed in United States dollars or 
upon awards to Standstill creditors of Hungary that were the subject 
matter of the agreement of December 5,1969, between the Government 
of Hungary and the American Committee for Standstill creditors of 
Hungary. 
"(D) No payments shall be authorized by the Secretary of the 
Treasury on account of awards certified by the Commission under 
paragraph (5) of section 303 of this title, and no further payments 
shall be so authorized under paragraphs (1), (2), or (3) of section 
303 (except payments certified as the result of claims filed under sub-
section (d) of section 306), until payments on account of awards certi- 
22 use i64ie. 
fied under such paragraphs (1), (2), and (3) as the result of a claims 
filed under subsection (d) of section 306 have been authorized in 
equal proportions to payments previously authorized on existing 
awards certified under such paragraphs and arising out of claims 
filed other than under such subsection (d). 
"(E) The Secretary of the Treasury is authorized and directed to eiafm'"'"' °' '''^' 
deduct the sum of $125,000 from the Hungarian Claims Fund and 
cover such amount into the Treasury to the credit of miscellaneous 
receipts in satisfaction of the claim of the United States referred to 
in article 2, paragraph 4 of the United States-Hungarian Claims 
24 UST 522. 
Agreement of March 6,1973, Such amount shall be deducted in annual 
installments over the period during which the Government of Hungary 
makes payments to the Government of the United States as provided 
in article 4 of the agreement.", 
(6) Section 316, title I I I , is amended by adding a new subsection 
^^ ^^'^ ^^^^°-
(c) as follows: 
"(c) The Commission shall complete its affairs in connection with 
the settlement of claims pursuant to paragraph (5) of section 303 of 
this title not later than two years following the deadline established 
under subsection (c) of section 806 of this title.". 
Approved October 20, 1974. 
Public Law 93-461 
AN ACT 
October 20, 1974 
To repeal the "cooly trade" laws. 
[s. 2220] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled^ That sections 2158- 
"Cooiy trade" 
2163, Revised Statutes, and sections 1, 2, and 4 of the Act of March 3, ^^^' ^^^^^ ' 
1875 (ch. 141, 18 Stat. 477) (8 U.S.C. 331-339), are hereby repealed. 
Approved October 20, 1974.