Page:United States Statutes at Large Volume 76.djvu/175

 76 STAT. ]

PUBLIC LAW 87-515-JULY 1, 1962

or to any form of tungsten scrap, tungsten carbide scrap, or tungsten alloy scrap; or to articles of lead, lead alloy, antimonial lead, zinc, or zinc alloy, or to articles of tungsten, tungsten carbide, or tungsten alloy, imported for remanufacture by melting. SEC. 2. This Act shall not exempt any article provided for in section 4641 of the Internal Revenue Code of 1954 from import taxes imposed thereby. This Act shall not suspend any duty with respect to an article provided for in such section 4541 which is entered, or withdrawn from warehouse, for consumption on or before June 30, 1962 (or, if later, on or before the date of the enactment of this Act). Approved July 1, 1962.

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68A Stat. 5 4 1.

Public Law 87-515 AN ACT To provide for continuation of authority for regulation of exports, and for other purposes.

July 1, 1962 [S.3161]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 12 of Export coHtroi the Export Control Act of 1949 is amended by striking out " June 30, ^\^^£' 1962" and inserting in lieu thereof "June 30, 1965". 63 Stat. 7; 74 Stat. 130. SEC. 2. Section 1(b) of the Export Control Act of 1949 is amended 50 USC apip. 2032. to read as follows: 50 " (b) The unrestricted export of materials without regard to their 2021.u s e ap]j. potential military and economic significance may adversely affect the national security of the United States." SEC. 3. (a) Section 2 of the Export Control Act of 1949 is amended 50 USC app. by inserting "of the United States" immediately before the period at 2022. the end thereof. (b) Section 2 of such Act is further amended by adding at the end thereof the following new paragraph: "The Congress further declares that it is the policy of the United States to formulate, reformulate, and apply such controls to the maximum extent possible in cooperation with all nations with which the United States has defense treaty commitments, and to formulate a unified commercial and trading policy to be observed by the nonCommunist-dominated nations or areas in their dealings with the Communist-dominated nations." (c) Section 2 of such Act is further amended by adding at the end thereof (after the paragraph added by subsection (b) of this section) the following new paragraph: "The Congress further declares that it is the policy of the United States to use its economic resources and advantages in trade with Communist-dominated nations to further the national security and foreign policy objectives of the United States." SEC. 4. Section 3(a) of the Export Control Act of 1949 is amended 50 USC app. by adding at the end thereof the following new sentence: "Such rules 2023. and regulations shall provide for denial of any request or application for authority to export articles, materials, or supplies, including technical data, from the United States, its territories and possessions, to any nation or combination of nations threatening the national security of the United States, if the President shall determine that such export makes a significant contribution to the military or economic potential of such nation or nations which would prove detrimental to the national security and welfare of the United States."

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