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655 Statement by the President on the Death of Christian A.

Herter. December 31, 1966

1465

656 Statement by the President in Response to Report of the

President's Commission on Crime in the District of Co-
lumbia. December 31, 1966

1465

Lyndon B. Johnson

July 1-December 31, 1966

313 Statement by the President Upon Signing Bill Extending the

Renegotiation Act. July 1, 1966 I HAVE signed H.R. 13431 which extends In fiscal year 1965 alone, renegotiation the Renegotiation Act for an additional 2- resulted in refunds or price reductions of year period.

over $32 million. Since the inception of The Renegotiation Act has served this the Renegotiation Board in 1951, savings of Nation well for the past 15 years.

more than $2 billion have been achieved. We need this vital measure. It is another These totals, I might add, include actions important tool in our constant quest to get taken directly by the Board as well as voluna dollar's worth of value for

every
defense tary refunds made by contractors because

of the existence of renegotiation. Our struggle for freedom's cause in Viet- With the very outstanding results of Secnam makes the extension of this act retary McNamara's cost reduction program, appropriate.

with the skill and dedication of our GovernThe Act is just. It does not penalize a ment contracting officers, and through the defense contractor's efficiency or deny him renegotiation process, we are fulfilling the a fair profit. But it does determine, under pledge I made to give this country the carefully defined criteria, whether the profit strongest defense force at the lowest possible is excessive. If so, that profit is returned to cost. the Government.

NOTE: As enacted, H.R. 13431, approved by the The renegotiation process has saved large President on June 30, 1966, is Public Law 89-480 amounts for the American taxpayer.

(80 Stat. 232).

The statement was released at San Antonio, Texas.

dollar spent.

314 Telegram to the Director, American Hospital Association, on

Preparations for Medicare. July 1, 1966 THANK YOU for your telegram. I am

the latter stated that for more than a year the grateful to the American Hospital Associa

American Hospital Association had been working

diligently with Government officials to prepare the tion for its outstanding effort to prepare for Nation's hospital system to carry out the provisions Medicare. I am confident that you measure

of the Health Insurance for the Aged Act (Public up to the noble challenge of the days ahead.

Law 89-97, 79 Stat. 290), effective July 1, 1966.

The complete text of Mr. Crosby's telegram is printed LYNDON B. JOHNSON

in the Weekly Compilation of Presidential Docu

ments (vol. 2, p. 890). (Mr. Edwin L. Crosby, 840 North Lakeshore Drive, The telegrams were read Bill D. Moyers, SpeChicago, Ill.]

cial Assistant to the President, at his news conference

at 11:03 a.m., on Friday, July 1, 1966, at San NOTE: The President's telegram was in response to

Antonio, Texas. They were not made public in the Mr. Cro:by's telegram of June 30, 1966, in which

form of a White House press release.

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