Section 8
SECTION 8. A new section to be known as Section six-A is hereby inserted into the same Act to read as follows: "SEC. 6-A. A special joint committee composed of three Members of the Senate and three Members of the House of Representatives, to be appointed by their respective presiding officers, is hereby constituted to look into the foreign loans contracted or proposed to be contracted under this Act, as well as the economic development projects financed or to be financed by the proceeds of loans, credits or indebtedness contracted or proposed to be contracted or of bonds, debentures, securities or other evidences of indebtedness floated or issued or proposed to be floated or issued under this Act. The committee shall submit to Congress, through the presiding officers of both Houses, and within sixty days after the opening of every regular session of Congress, a special report which shall contain, among others, the amount of loans, credits or indebtedness contracted, the bonds, debentures, securities and other evidences of indebtedness floated or issued, or proposed to be floated or issued, the guarantees extended or to be extended under this Act, the projects for which the loans, credits or indebtedness were incurred, or proposed to be incurred, the bonds, debentures, securities or other evidences of indebtedness floated or issued, or proposed to be floated or issued, the guarantees extended, or proposed to be extended, including those reloaned or proposed to be reloaned to the private sector, and their impact upon the economy as a whole. “he committee may call upon any official or employee of any government office, agency, instrumentality or any government-owned or controlled corporation, or any branch or political subdivision thereof, involved in the implementation of this Act, to render such reports, service or assistance and to supply such studies, statistics and data in the aggregate as may be necessary to enable said committee to perform its functions under this Act. Provisions of any law to the contrary notwithstanding, no such officer or employee may refuse to divulge the information requested or required by the special joint committee."