Executive Order 10742—Further Providing for the Administration of Foreign-Aid Functions

By virtue of the authority vested in me by the Mutual Security Act of 1954 (68 Stat. 832), as amended, including particularly sections 521 and 525 thereof, and as President of the United States, it is ordered as follows:

SECTION 1. Executive Order No. 10575 of November 6, 1954 (19 F. R. 7249), as amended or affected by Executive Order No. 10610 a(20 F. R. 3179), Executive Order No. 10625 (20 F. R. 5571), and Executive Order No. 10663 (21 F. R. 1845), is hereby further amended as follows:

(a) Section 101 (b) is amended (1) by deleting from the first sentence "sections 402, 505, and 201 of the Act" and inserting in lieu thereof "sections 402 and 505 of the Act", (2) by deleting from the second sentence "sections 201 (a) and 505 of", and (3) by deleting from the third sentence "the said section 505" and inserting in lieu thereof "section 505 of the Act".

(b) Section 103 (a) (2) is amended to read as follows:

"(2) The functions conferred upon the President by sections 105 (b) (3), 202, 204, 405 (a), 413 (b) (2) and (3), and 529 (b) and (c) of the Act."

(c) A new section 108 is inserted after section 107, reading as follows:

"SEC. 108. Development Loan Committee. There is hereby established, in accordance with section 205 (b) of the Act, the Development Loan Committee, consisting of the Deputy Under Secretary of State for Economic Affairs, who shall be chairman, the Director of the International Cooperation Administration, and the Chairman of the Board of Directors of the Export-Import Bank."

SEC. 2. Executive Order No. 10610 of May 9, 1955 (20 F. R. 3179), as amended or affected by Executive Order No. 10625 (20 F. R. 5571), and Executive Order No. 10663 (21 F. R. 1845), is hereby further amended as follows:

(a) Section 103 (a) is amended to read as follows:

"SEC. 103. (a) The Secretary of State shall establish, with the offices, personnel, and facilities transferred to the Department of State by or under sections 102 (a) and 302 of this order, an agency in the Department of State which shall be known as the International Cooperation Administration. The agencies transferred by sections 102 (b), (c), and

(d) of this order shall be made a part of or attached to the International Cooperation Administration. The International Cooperation Administration shall be headed by the Director of the International Cooperation Administration referred to in the first sentence of section 103 (b) of this order. Except as may be otherwise provided by the Secretary of State, the functions transferred by section 101 hereof shall be carried out by or under the International Cooperation Administration or the Director thereof. The said Administration and all functions, officers, and agencies transferred by this Part shall be subject to the direction and control of the Secretary of State. This order shall not preclude the Secretary of State from transferring elsewhere in the Department of State the transferred offices, personnel, facilities, and agencies referred to in the first and second sentences of this section. To such extent as the Secretary of State shall prescribe, consistent with law, (1) the International Cooperation Administration and any other agencies of the Department of State designated by the Secretary of State shall be deemed to be the successors of the Foreign Operations Administration in respect of transfers to the Department of State made by this order, and (2) the Director of the International Cooperation Administration and any other officers of the Department of State designated by the Secretary of State shall be deemed to be the successors of the Director of the Foreign Operations Administration in respect of transfers to the Secretary of State made by this order."

(b) Subsections (b) and (c) of section 104 are hereby revoked.

DWIGHT D. EISENHOWER

THE WHITE HOUSE,

November 29, 1957.