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119022 1 (1982-07-22)

handle is hein.gao/gaobacsjb0001 and id is 1 raw text is: United States General Accounting Office Washington, D.C. 20548 SUMMARY OF THE STATEMENT OF ROLLEE H. EFROS ON H.R. 5858 H.R. 5858, a private relief bill, provides compensation to certain silver dealers for losses found equitably due them by the Chief Commissioner of the Court of Claims. The dealers' claims result from the actions of the Treasury Department in terminating the silver marketing program on May 18, 1967. The General Accounting Office fully supports the basic measure of recovery recommended by the Chief Commissioner. H.R. 5858 also provides for simple interest in addition to the equitable recovery. It is clearly the prerogative of the Congress to award interest in this case. However, in making this determination, attention should be given to a longstanding practice by the courts not to award interest against the Govern- ment even in the case of equitable claims, Absent H.R. 5858, this case does not appear to fall within the few, limited exceptions to the general rule. 119022

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