Foreign Relations of the United States, 1958–1960, Foreign Economic Policy, Volume IV

78. Editorial Note

House and Senate conferees reported a compromise version of S. 3420 to extend P.L. 480 on August 22. Both the House and the Senate passed the bill that day. S. 3420 thus became P.L. 85–931, which President Eisenhower signed on September 6. As enacted, P.L. 85–931 extended P.L. 480 for 18 months until December 31, 1959, and increased the authorization for foreign currency sales from $4 billion to $6.25 billion. For text of P.L. 85–931, see American Foreign Policy: Current Documents, 1958, pages 1535–1538.