Editing Reconstruction Finance Corporation (section)

==Disbanding==
After World War II ended, the type of loans provided by the RFC were no longer in demand. In the late 1940s, the RFC made a large loan to [[Northwest Orient Airlines]] earmarked for the purchase of ten [[Boeing]] [[Stratocruiser]] airliners. The loan became controversial, seen as a political favor to the Boeing Corporation, who supported the re-election campaign of President [[Harry S. Truman]], and sparked a congressional inquiry.<ref name=gann>{{cite book|url=http://www.ovi.ch/b377/articles/lady/ |title=Ernest K. Gann's Flying Circus|chapter=Lady with a Past|location=New York |publisher=Macmillan Publishing Company |year=1974 |access-date=October 27, 2018}}</ref> President [[Dwight D. Eisenhower]] was in office when legislation terminated the RFC. It was "abolished as an independent agency by act of Congress (1953) and was transferred to the Department of the Treasury to wind up its affairs, effective June 1954. It was totally disbanded in 1957."<ref>{{cite encyclopedia |title= Reconstruction Finance Corporation |encyclopedia= The Columbia Encyclopedia |edition= Sixth |year= 2008 |url= http://www.encyclopedia.com/doc/1E1-ReconFin.html |publisher= Encyclopedia.com |access-date= October 9, 2010}}</ref> The [[Small Business Administration]] was established to provide loans to small business, and training programs were created. Several federal agencies took over RFC assets, and the tin and abaca programs were handled by [[General Services Administration]]. The [[Commodity Credit Corporation]], which was created to help farmers, remained in operation. Another establishment kept in operation is the Export–Import Bank, which encourages exports.

In 1991, Rep. [[Jamie L. Whitten]] (Democrat of Mississippi) introduced a bill to reestablish the RFC, but it did not receive a hearing by a congressional committee,<ref>{{cite web |first= Jamie L. |last= Whitten |author-link= Jamie L. Whitten |date= March 19, 1991 |url= http://thomas.loc.gov/cgi-bin/query/z?c102:h.r.1462: |title= H.R.1462, Reconstruction Finance Corporation Act of 1991 |publisher= Library of Congress |access-date= June 29, 2012 |archive-date= July 5, 2016 |archive-url= https://web.archive.org/web/20160705090655/http://thomas.loc.gov/cgi-bin/query/z?c102:H.R.1462: |url-status= dead }}</ref> and he did not reintroduce the bill in subsequent sessions.