Section 501(a) explicitly requires union officials "to account to the organization for any profit received by him in whatever capacity in connection with transactions conducted by him or under his direction on behalf of the organization." The same section also forbids a union officer "from holding or acquiring any personal interest which conflicts with the interests of such organization." Section 501(b) authorizes an individual member. when these rules are violated and the union fails to sue. to bring a suit "to recover damages or secure an accounting or other appropriate relief for the benefit of the labor organization." Assertion: "The bill sanctions a virtual closed shop in .the building trades. circumventing State righttowork laws." The facts: This too is a misrepresentation. Section 702(b) explicitly provides that nothing in the section to which the chamber refers shall be construed to override any State righttowork law. Furthermore. the bill does not change the TaftHartley provisions outlawing the closed shop. Assertion: "The bill permits lawfully replaced strikers toi vote in representation elections." The facts: This statement is true. We think that a worker who is on strike has a sufficient interest in the choice of representatives to vote in a labor board election. President Eisenhower has also recommended a change in the present law. World Refugee Year SPEECH or