Public Law 88-36
The House of Representatives took up the President's request early in 1963, and passed HR 5389 on April 10, 1963, by a vote of 251 to 122. The Senate passed the bill on May 23, by a vote of 68 to 10.
President Kennedy signed the bill into law on June 4, 1963 and also signed an executive order (11110) authorizing the Treasury Secretary to continue printing silver certificates during the transition period. The act, which became Public Law 88-36 (77 Stat. 54), repealed the Silver Purchase Act of 1934 and related laws, repealed a tax on silver transfers, and authorized the Federal Reserve to issue one- and two-dollar bills, in addition to the notes they were already issuing. The Silver Purchase Act had authorized and required the Secretary Treasury to buy silver and issue silver certificates. With its repeal, the President needed to delegate to the Treasury Secretary the President's own authority under the Agricultural Adjustment Act.
Read more about this topic: Executive Order 11110
Famous quotes containing the words public and/or law:
“Religious fervor makes the devil a very real personage, and anything awe-inspiring or not easily understood is usually connected with him. Perhaps this explains why, not only in the Ozarks but all over the State, his name crops up so frequently.”
—Administration in the State of Miss, U.S. public relief program (1935-1943)
“I wish my countrymen to consider that whatever the human law may be, neither an individual nor a nation can ever commit the least act of injustice against the obscurest individual without having to pay the penalty for it. A government which deliberately enacts injustice, and persists in it, will at length even become the laughing-stock of the world.”
—Henry David Thoreau (1817–1862)