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H.R. 10710
AN ACT TO PROMOTE THE DEVELOPMENT OF AN OPEN,
NONDISCRIMINATORY, AND FAIR WORLD ECONOMIC SYS-
TEM, TO STIMULATE THE ECONOMIC GROWTH OF THE

UNITED STATES, AND FOR OTHER PURPOSES

MARCH 4, 5, 6, 7, 21, 22, 25, 26, 27, 28, 29; APRIL 1, 2, 3, 4, 5, 8, 9,

AND 10, 1974

PART 6 OF 6 PARTS

Communications

Printed for the use of the Committee on Finance

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1974

30-229

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 · Price $5.35

hFao
.F5

1974 e Pt.6

COMMITTEE ON FINANCE

RUSSELL B. LONG, Louisiana, Chairman HERMAN E. TALMADGE, Georgia

WALLACE F. BENNETT, Utah VANCE HARTKE, Indiana

CARL T. CURTIS, Nebraska J. W. FULBRIGHT, Arkansas

PAUL J. FANNIN, Arizona ABRAHAM RIBICOFF, Connecticut

CLIFFORD P. HANSEN, Wyoming HARRY F. BYRD, JR., Virginia

ROBERT DOLE, Kansas GAYLORD NELSON, Wisconsin

BOB PACKWOOD, Oregon WALTER F. MONDALE, Minnesota

WILLIAM V. ROTH, JR., Delaware
MIKE GRAVEL, Alaska
LLOYD BENTSEN, Texas

MICHAEL STERN, Staff Director
ROBERT A. BEST, Chief Economist

(II)

CONTENTS

(PARTS 1-6)

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Dscussions between Members of the Committee on Finance and the wit- Page
nesses:
Russell B. Long (chairman).

1-4,
175, 206–11, 220–23, 225, 227, 375, 378, 497, 403, 413, 415–20, 438-44,
451, 457–59, 479–81, 486, 1135, 1143, 1147, 1164–67, 1223, 1238,

1241, 1247, 1249, 1261, 1263, 1264, 1271, 1331, 1336, 1337, 1397 Herman Talmadge.--

223–27, 413–15, 459-62, 713, 716, 717, 723, 725, 726, 741, 838, 866, 947, 950, 951, 964, 967, 968, 975, 997, 998, 1005, 1006, 1008, 1019, 1020, 1037, 1038, 1040, 1041, 1043, 1044, 1405, 1408, 1414, 1415, 1486, 1489–92, 1498, 1501, 1504, 1524, 1528–31, 1551, 1558, 1559, 1573, 1614, 1867,

1869, 1872, 1873, 1889, 1890, 1898, 1899 Vance Hartke-

256, 261–67, 409-13, 431–38, 444–50, 463–65, 736, 739 41, 857-64, 867, 868, 873–75, 879, 881-83, 912, 913, 931, 1098–1103, 1148–52, 1329, 1414, 1415, 1430, 1433, 1434, 1436, 2031, 2042, 2046-49, 2063, 2064,

2067, 2097, 2008, 2102, 2103, 2117, 2143 J. W. Fulbright

230–33, 467-69, 488, 489, 495, 497, 498 Abraham Ribicoff.

3, 4, 191-93, 227, 233–36, 470–72, 725, 726–28, 1143-45, 1331, 2232–35,

2244, 2245, 2247 Harry F. Byrd, Jr.--.

183-88, 243–45, 474-76, 481-93, 495–98, 731-33, 1155, 1156, 1158, 1164, 1491,

1492, 1503, 1504, 1526, 1531, 1532 Gaylord Nelson

478, 479, 867, 1161-64, 1636, 1640, 1904–06, 1920, 1921, 1924, 1926, 1930,

1931 Walter F. Mondale..

179–81, 1574–77, 1583, 1587, 1588, 1600-06, 1614, 1622, 1630, 1639–41, 1643,

1645, 1668, 1673 Mike Gravel.

481-84, Lloyd Bentsen. 251-54, 401–03, 882, 1160, 1161, 1575–78, 1671-73, 2265–72 Wallace F. Bennett--

203–05, 227-31, 462–63, 728–31, 1051, 1054, 1059–61, 1502, 1503 Carl T. Curtis-

200–03, 254-60, 465, 466, 486-88, 1279, 1280, 1291, 1320, 1322–25, 2014–17 Paul J. Fannin.

196–200, 407–09, 469, 470, 489-91, 734-36, 846–48, 864-66, 1061, 1062, 1075– 77, 1083, 1084, 1086, 1087, 1089–93, 1097, 1098, 1103, 1121, 1122, 1126–30, 1585, 1586, 1588–90, 1598–1600, 1605, 1606, 1614-16, 1631, 1632, 1639, 1669-71, 1689-93, 1704-06, 1720-22, 1738, 1743–46, 1750,

2133, 2137, 2140-43 Clifford P. Hansen.-

185, 188–90, 208, 236, 240–43, 472–74, 842–44, 883, 999, 1000, 1008, 1009, 1020, 1021, 1062–64, 1074, 1075, 1093–95, 1097, 1129, 1632-34, 1642

44, 1673, 1674, 1902-05, 1923–25, 1926, 1945, 1946, 1949–53, 1963 Robert Dole.

404-06, 476–78, 1145–48, 1263, 1577, 1586, 1587, 1602-04, 1952, 1975, 1981,

1983, 1995, 1996, 2002, 2003, 2042, 2048, 2064–67, 2097, 2100, 2102 Bob Packwood.

181, 183, 246-48, 398–401, 741-44, 844–46, 866, 867, 951, 976, 1000, 1010, 1021, 1022, 1152–55, 1280–84, 1325, 1524, 1525, 1634, 1635, 1641, 1644, 1674–76, 1794-99, 1805-14, 1841-46, 1855-58, 1864, 1873–75, 1883, 1890, 1899–1901, 1906, 1920–23, 1925, 1931, 1952, 1975, 1976, 1983, 2246, 2247, 2267–70, 2273–75, 2311, 2313, 2320, 2323-25, 2329-32

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