### Question
How does the law define existing on July 1, 1934?


### Answer
Under *19 U.S.C. § 1981*, **existing on July 1, 1934** is defined as:

> assigned to such term by paragraph (5) of section 1886 [1](#1981_1_target) of this title.

#### Citation:
  - *19 U.S.C. § 1981*
  - Heading: **CHAPTER 7-TRADE EXPANSION PROGRAM > SUBCHAPTER III-TARIFF ADJUSTMENT AND OTHER ADJUSTMENT ASSISTANCE > Part IV-Tariff Adjustment**

