An Act to amend the Internal Revenue Code of 1939 and the Internal Revenue Code of 1954 to change the method of computing the retired pay of judges of the Tax Court of the United States
PL 89-354 (H.R.8445), enacted 02/02/1966

80 STAT. 
PUBLIC LAW 89-355-FEB. 19, 1966 
Public Law 89-353 
A N A C T 
February 2, 1966 
rt_j 
13 fi 9 1 n i 
To amend the lutenuitioiial Organizations Immunities Act with respect to the —L-i—! 
i 
European Space Research Organization. 
Be it enacted by the Senate and House of Revreseiitatives 
of the 
United States of America in Congress assemhled, That the Interna-
tional Organizations Immunities Act (22 U.S.C., sec. 288-288f) is 
amended by adding at the end thereof the following new section : 
"SEC. 11. The provisions of this title may be extended to the 
European Space Research Organization in the same manner, to the 
same extent, and subject to the same conditions, as they may be 
extended to a public international organization in which the United 
States participates pursuant to any treaty or under the authority of 
any Act of Congress authorizing such participation or making an 
appropriation for such participation." 
Approved February 2, 1966. 
European Space 
Research Organi-
zation. 
59 Stat. 669. 
Public Law 89-354 
AN ACT 
To amend tlie Internal Revenue Code of 1939 and the Internal Revenue Code 
of 1954 to change the method of computing the retired pay of judges of the 
Tax Court of the United States. 
February 2, 1966 
[H. R. 8445] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 1106(d) 
of the Internal Revenue Code of 1939 (relating to retired pay of judges 
of the Tax Court of the United States) and section 7447(d) of the 
Internal Revenue Code of 1954 (relating to retired pay of judges of the 
Tax Court of the United States) are amended by striking out in 
each such section "at a rate which bears the same ratio to the rate of 
the salary payable to him as judge at the time he ceases to be a judge" 
and inserting in lieu thereof in each such section "during any period 
at a rate which bears the same ratio to the rate of the salary payable 
to a judge during such period"; and by striking out in each such section 
"the rate of such salary" each place it appears and by inserting in lieu 
thereof in each such place "the rate of such salary for such period". 
SEC. 2. The amendments made by the first section of this Act shall 
apply with respect to retired pay accruing under section 1106 of the 
Internal Revenue Code of 1939 or section 7447 of the Internal Revenue 
Code of 1954 on or after the first day of the first calendar month which 
begins after the date of enactment of this Act. 
Approved February 2, 1966. 
U. S. Tax Court 
judges. 
Retirement pay. 
67 Stat. 483. 
68A Stat. 881. 
26 u s e 7447. 
Public Law 89-355 
AN A C T 
February 19, 1966 
To provide for participation of the United States in the Inter-American Cultural 
[H. R. 30] 
and Trade Center in Dade County, Florida, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the President cuui^'^r^ndXi^rde 
is authorized, through such department or agency in the executive center, Dade 
branch of the Government as he may designate, to provide for Ignited 'bounty. f"ia-
States participation in the Inter-American Cultural and Trade Center 
PUBLIC LAW 89-355-FEB. 19, 1966 
[80 STAT. 
Invitation to 
participate. 
Reports to 
Congress. 
Commissioner 
for Interama. 
Appointment. 
78 Stat. 417. 
5 u s e 2211. 
63 Stat. 954. 
5 u s e 1071 
note. 
Post, p. 288 
60 Stat. 810. 
Cooperation of 
Federal entities. 
(hereafter in this Act referred to as "Interama"). 
In providing for 
United States participation, the President shall cooperate with the 
Inter-American Center Authority 
(an agency of the State of 
Florida). 
The purposes of Interama are— 
(1) to provide a permanent international center which will 
serve as a meeting ground for the governments and industries of 
the Western Hemisphere and of other areas of the world; 
(2) to facilitate broad and continuous exchanges of ideas, 
persons, and products through cultural, educational, and other 
exchanges; and 
(3) By other appropriate means, to promote mutual under-
standing between the peoples of the Western Hemisphere and to 
strengthen the ties which unite the United States with other 
nations of the free world. 
SEC. 2. (a) The President is authorized, by proclamation or in 
such other manner as he may deem proper, to invite the several States 
of the United States and foreign countries to take part in Interama, 
except that no Communist de facto government holding any people 
in subjugation shall be invited to participate. 
(b) The department or agency in the executive branch designated 
by the President under the first section of this Act shall, not later 
than May 15,1966, report to the Committees on Foreign Relations and 
Appropriations of the Senate and to the Speaker of the House of 
Representatives with respect to the proposed nature, extent, and cost 
of United States participation in Interama and the nature and extent 
of the participation in Interama to be anticipated on the part of 
foreign countries (particularly Latin American countries) and private 
industries. 
SEC. 3. (a) There shall be in the designated department or agency 
a Commissioner for Interama who shall be appointed by the President 
and who shall receive compensation at the rate prescribed for level IV 
of the Federal Executive Salary Schedule. 
Subject to the direction 
of the head of the designated department or agencjr, the Commissioner 
for Interama shall perform such duties as the President may prescribe 
to carry out this Act. 
(b) In order to carry out the provisions of this Act, the head of 
the designated department or agency is authorized— 
(1) to appoint and fix the compensation of such persons as he 
deems necessary without regard to the civil service laws and the 
Classification Act of 1949; except that no person so appointed 
shall receive compensation at a rate in excess of that received 
by persons under the Classification Act of 1949 for the perform-
ance of comparable duties; 
(2) to procure temporary and intermittent services in accord-
ance with the provisions of section 15 of the Administrative 
Expenses Act of 1946 (5 U.S.C. 55a); 
(3) to enter into contracts; 
(4) to select, purchase, rent, construct, or otherwise acquire 
exhibits, including materials and equipment therefor, and to 
provide for ihe ti'ansportation, insurance, display, maintenance, 
and dismantling thereof; 
(5) to incur such other expenses as may be necessary; and 
(6) to accept donations of money, property, and services and 
1 he loan of property. 
SEC. 4. The head of each department, agency, or instrumentality of 
the Federal Government is authorized— 
(1) to cooperate with the head of the designated department or 
agency with respect to determining the manner in which and the 
80 STAT.] 
PUBLIC LAW 89-356-FEB. 21, 1966 
extent to which the United States shall be a participant in and an 
exhibitor at Interama; and 
(2) to make available to the head of the designated department 
or agency, on a reimbursable basis, such personnel as may be neces-
sary to assist him in carrying out his functions under this Act. 
SEC. 5. (a) There is authorized to be appropriated not to exceed Appropriation. 
$7,500,000 to provide for United States participation in Interama 
under this Act, of which not to exceed $250,000 shall be available for 
expenditure in connection with the preparation of the report required 
to be submitted to the Congress under section 2(b) of this Act. Sums 
appropriated under this subsection shall remain available until 
expended. 
(b) In addition to the amount authorized in subsection (a), there is 
authorized to be appropriated not to exceed $1,000,000 annually for 
each of the fiscal years 1968 and 1969 for the maintenance of United 
States installations and activities at Interama. 
Approved February 19, 1966. 
Public Law 89-356 
A N A C T 
February 21,1966 
To establish a procedure for the review of proposed bank mergers so as to 
'-^' •'^^?.: 
eliminate the necessity for the dissolution of merged banks, and for other 
purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress asserribled^ That (a) section 
^^"'' mergers. 
18(c) of the Federal Deposit Insurance Act (12 U.S.C. 1828(c)) is 
^^ stat. 892. 
amended to read: 
"(c) (1) Except with the prior written approval of the responsible 
agency, which shall in every case referred to in this paragraph be the 
Corporation, no insured bank shall— 
"(A) merge or consolidate with any noninsured bank or insti-
tution ; 
"(B) assume liability to pay any deposits made in, or similar 
liabilities of, any noninsured bank or institution; 
"(C) transfer assets to any noninsured bank or institution in 
consideration of the assumption of liabilities for any portion of 
the deposits made in such insured bank. 
"(2) No insured bank shall merge or consolidate with any other 
insured bank or, either directly or indirectly, acquire the assets of, 
or assume liability to pay any deposits made in, any other insured 
bank except with the prior written approval of the responsible agency, 
which shall be— 
"(A) the Comptroller of the Currency if the acquiring, assum-
ing, or resulting bank is to be a national bank or a District bank; 
"(B) the Board of Governors of the Federal Reserve System 
if the acquiring, assuming, or resulting bank is to be a State mem-
ber bank (except a District bank); 
"(C) the Corporation if the acquiring, assuming, or resulting 
bank is to be a nonmember insured bank (except a District bank). 
"(3) Notice of any proposed transaction for which approval is 0^°*/^^°^/"'' 
required under paragraph (1) or (2) (referred to hereafter in this ^r°arsa^rons!^ 
.subsection as a 'merger transaction') shall, unless the responsible 
agency finds that it must act immediately in order to prevent the prob-
able failure of one of the banks involved, be published— 
" (A) prior to the granting of approval of such transaction, 
"(B) in a form approved oy the responsible agency, 
"(C) at appropriate intervals during a period at least as long