The Senate:
¶ Received from California's Johnson a bill to provide for a Federal "foreign loan board," composed of the Secretaries of State and Commerce and the Governor of the Federal Reserve Board, which would inquire into the flotation of foreign bonds in the domestic market. No issue could be sold or used as collateral in any business negotiation without the board's approval.
¶ Heard a resolution by Washington's Dill which would prohibit shipment of munitions to China or Japan.
¶ Passed a bill appropriating $1,725,000 for Federal participation in the 1933 Chicago...
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