Volume 49
Public Law 74–850
To provide for an inquiry by the Court of Claims with respect to losses sustained by cooperative marketing associations in connection with stabilization activities in grain.
Approved June 26, 1936
Statutory text
JOINT RESOLUTION
To provide for an inquiry by the Court of Claims with respect to losses sustained by cooperative marketing associations in connection with stabilization activities in grain.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Court
Cooperative marketing associations.
Court of Claims to investigate losses sustained by, due to certain grain stabilization activities.
of Claims, in accordance with such rules as it may adopt, shall investigate losses sustained during the stabilization operations of the Federal Farm Board in 1929 and 1930, by cooperative associations to which loans were made, either directly or indirectly, by the Federal Farm Board, through withholding grain from the market and making advances to their members in order to stabilize prices, for the purpose of determining—
The amount of loss, if any, in the case of each such association
Scope of inquiry, etc.
and the facts and circumstances relating to such loss; and
Whether, because of any agreement or understanding between such associations, or any of them, and the Federal Farm Board (or any member, officer, or employee thereof) or because of any other facts or circumstances, there is any legal, equitable, or moral obligation on the part of the United States to reimburse such associations, or any of them, for the whole or any part of any such loss.
The court shall report to Congress, at the earliest practicable date,
Report to Congress.
the results of its investigation and determinations, together with such recommendations as it deems appropriate.
Approved, June 26, 1936.