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governing financial transactions, issued under the authority of 5(b), are reprinted from Title 31 of the Code of Federal Regulations.

This volume was edited by Victor C. Johnson, of the subcommittee staff. The subcommittee wishes to acknowledge the invaluable assistance of Messrs. Grover S. Williams and Walter S. Albano of the American Law Division, Congressional Research Service, Library of Congress, in compiling the documents.

JONATHAN B. BINGHAM,

Chairman, Subcommittee on International Trade and Commerce.

1 The following comprehensive collections of documents relating to emergency powers are also available: U.S. Congress, Senate, “Emergency Powers Statutes : Provisions of Federal Law Now in Effect Delegating to the Executive Extraordinary Authority in Time of National Emergency," report of the Special Committee on the Termination of the National Emergency, 93d Congress, 1st Session (Nov. 19, 1973); U.S. Congress. Senate, “Executive Orders in Times of War and National Emergency," report of the Special Committee on National Emergencies and Delegated Emergency Powers, 93d Congress, 2d Session (June 1974); C.S. Congress, Senate, "Executive Replies" (Part 1: Evaluation of Emergency Powers Statutes ; Part 2: Summaries of the Executive Branch and Committee Recommendations ; Part 3: Statutes At Large), prepared by the staff of the Special Committee on National Emergencies and Delegated' Emergency Powers, 93d Congress, 20 Session (November 1974).

CONTENTS

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FOREWORD

I. A LEGISLATIVE HISTORY OF SECTION 5(b) OF THE TRADING

WITH THE ENEMY ACT:

A. Trading With the Enemy Act :

1. Text of Act----

2. Conference Report--

3. Senate Debate (excerpts)

4. House Debate (excerpts).

5. Senate Report.

6. House Report----

7. Statements of Hon. William G. McAdoo, Secretary of

the Treasury, and Milton C. Elliott, Esq., General

Counsel, Federal Reserve Board, before the Senate

Committee on Commerce---

8. Statements of Albert Lee Thurman, Solicitor of

the Department of Commerce, and Hon. Milton C.

Elliott, General Counsel of the Federal Reserve

Board, before the Senate Committee on Commerce--

B. Supplement to Second Liberty Bond Act :

1. Partial Text of Act----

2. Conference Report (excerpts).

3. House Report (excerpts).

C. The Knox Resolution :

1. Text of Act.-

2. House Debate (excerpts).

D. Emergency Banking Relief Act:

1. Partial Text of Act----

2. Senate Debate (excerpts) -

3. House Debate (excerpts).

E. Gold Reserve Act of 1934 :

1. Partial Text of Act-----

2. House Debate (excerpts).

3. House Report (excerpt).-

4. House Minority Report (excerpt).

F. Joint Resolution of May 7, 1940:

1. Text of Act--

2. House Debate---

3. Senate Debate (excerpts)-

4. Senate Report---

G. First War Powers Act, 1941:

1. Partial Text of Act--

2. Senate Debate of December 16, 1941 (excerpts).

3. House Debate of December 16, 1941 (excerpts)

4. Senate Debate of December 17, 1941 (excerpts).

5. House Debate of December 17, 1941 (excerpts).

6. House Report (excerpt).

7. Senate Report (excerpt) --

H1 Trading With the Enemy Act, As Amended :

1. Current Codification at 12 U.S.C.A. 95_

2. Current Codification at 50 U.S.C.A. App. 1-44.

1. National Emergencies Act (Public Law 91-412, approved

Sept. 14, 1976)

II. PRESIDENTIAL PROCLAMATIONS AND EXECUTIVE ORDERS

ISSUED UNDER THE AUTHORITY OF SECTION 5(b) OF THE
TRADING WITH THE ENEMY ACT:

Page 445

447

449

450

452

454

457

459

464

46.53

A. Presidential Proclamations :

1. Proclamation of June 26, 1916 (unnumbered and un

titled)
2. Proclamation 2039 March 6, 1933: Bank Holiday,

March 6-9, 1933, Inclusive..
3. Proclamation 2040—March 9, 1933: Continuing in force

the bank holiday proclamation of March 6, 1933----
4. Proclamation 2070—December 30, 1933: The restora-

tion of non-member banks to the jurisdiction of their

own state banking authorities.--
5. Proclamation 2497—July 17, 1941: Authorizing a pro-

claimed list of certain blocked nationals and con

trolling certain exports.--
6. Proclamation 2725-April 7, 1947 : Amending the proc-

lamations of March 6 and March 9, 1933, and the
Executive order of March 10, 1933, to exclude from
their scope member banks of the Federal Reserve

System
B. Executive Orders:

1. Executive Order 6073—March 10, 1933: Regulations

concerning the operation of banks..
2. Executive Order 6260_-August 28, 1933: Relating to

the hoarding, export, and earmarking of gold coin,
bullion, or currency and to transactions in foreign

exchange
3. Executive Order 6359_October 25, 1933: Relating to

gold recovered from natural deposits -
4. Executive Order 6556—January 12, 1934: Amendment

of Executive Order No. 6260 of August 28, 1933----
5. Executive Order 6558January 15, 1934: Relating to

receipt of gold on consignment by the mints and

assay offices
6. Executive Order 6559—January 15, 1934: Amending

the Executive order of March 10, 1933, and the proc-
lamation of December 30, 1933, concerning the op-

eration of banks----
7. Executive Order 6560_January 15, 1934: Regulating

transactions in foreign exchange, transfers of

credit, and the export of coin and currency---
8. Executive Order 8389—April 10, 1940: Amendment of

Executive Order No. 6560, dated January 15, 1934,
regulating transactions in foreign exchange, trans-

fers of credit, and the export of coin and currency-
9. Executive Order 8405—May 10, 1940: Amendment of

Executive Order No. 8389 of April 10, 1940, amend-
ing Executive Order No. 6560, dated January 15,

1934
10. Executive Order 8446-June 17, 1940: Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended
11. Executive Order 8484—July 15, 1940: Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended --
12. Executive Order 8493—July 25, 1940: Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended
13. Executive Order 8565—October 10, 1940: Amendment

of Executive Order No. 8389 of April 10, 1940, as

amended
14. Executive Order 8701-March 4, 1941: Amendment of

Executive Order No. 8389 of April 10, 1940, as
amended

466

467

469

471

473

476

477

478

480

481

B. Executive Orders—Continued

15. Executive Order 8711-March 13, 1941 : Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended

16. Executive Order 8721–March 24, 1941: Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended

17. Executive Order 8746 April 28, 1941 : Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended

18. Executive Order 8785—June 14, 1941: Regulating

transactions in foreign exchange and foreign-owned

property, providing for the reporting of all foreign-

owned property, and related matters.---

19. Executive Order 8832—July 26, 1941: Amendment of

Executive Order No. 8389 of April 10, 1940, as

amended

20. Executive Order 8843—August 9, 1941 : Regulation

of Consumer Credit..

21. Executive Order 8963—December 9, 1941 : Amendment

of Executive Order No. 8389 of April 10, 1940, as

amended

22. Executive Order 89984-December 26, 1941: Amend-

ment of Executive Order No. 8389 of April 10, 1940,

as amended

23. Executive Order 9095March 11, 1912: Establishing

the Office of Alien Property Custodian and defining

its function and duties--

24. Executive Order 9142—April 21, 1942: Transferring

Certain Functions, Property, and Personnel from

the Department of Justice to the Alien Property

Custodian

25. Executive Order 9193—July 6, 1942: Amending Exec-

utive Order No. 9095 establishing the Office of Alien

Property Custodian and defining its functions and

duties and related matters---

26. Executive Order 9567-June 8, 1945: Amending Exec-

utive Order No. 9095, as amended by Executive Or-

der No. 9193, to define further the functions and

duties of the Alien Property Custodian with respect

to property of Germany and Japan and nationals

thereof

27. Executive Order 9747-July 3, 1946: Continuing the

functions of the Alien Property Custodian and the

Department of the Treasury in the Philippines---

28. Executive Order 9760—July 23, 1916: Conferring cer-

tain authority upon the Secretary of State with

regard to diplomatic and consular property of Ger-

many and Japan within the United States..

29. Executive Order 9989 August 20, 1948: Transferring

jurisdiction over blocked assets to the Attorney

General

30. Executive Order 9788_October 14, 1946: Terminating

the Office of Alien Property Custodian and transfer-

ring its functions to the Attorney General..

31. Executive Order 10348-April 26, 1952: Continuing in

force orders and regulations relating to blocked

property

32. Executive Order 10896-November 29, 1960: Amend-

ment of Executive Order No. 6260 of August 28,

1933

33. Executive Order 10905—January 14, 1961 : Amend-

ment of Executive Order No. 6260 of August 28,

1933, as amended.--.

514

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