Section 3
Sec. 3. Section four of the same Act is hereby amended to read as follows: "SEC. 4. In the event of any competing individual, partnership or corporation receiving from the Congress a similar permit or franchise in which there shall be any term or terms more favorable than those herein granted or tending to place the herein grantee at any disadvantage, then such term or terms shall, ipso facto, become a part of the terms hereof and shall operate equally in favor of the grantee as in the case of said competing individual, partnership or corporation."