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 I. A LEGISLATIVE HISTORY OF SECTION 5(b) OF THE TRADING A. Trading With the Enemy Act : 7. Statements of Hon. William G. McAdoo, Secretary of the Treasury, and Milton C. Elliott, Esq., General Counsel, Federal Reserve Board, before the Senate 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 : 2. Conference Report (excerpts). D. Emergency Banking Relief Act: 4. House Minority Report (excerpt). F. Joint Resolution of May 7, 1940: G. First War Powers Act, 1941: 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). 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. II. PRESIDENTIAL PROCLAMATIONS AND EXECUTIVE ORDERS ISSUED UNDER THE AUTHORITY OF SECTION 5(b) OF THE 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) March 6-9, 1933, Inclusive.. the bank holiday proclamation of March 6, 1933---- tion of non-member banks to the jurisdiction of their own state banking authorities.-- claimed list of certain blocked nationals and con trolling certain exports.-- lamations of March 6 and March 9, 1933, and the System 1. Executive Order 6073—March 10, 1933: Regulations concerning the operation of banks.. the hoarding, export, and earmarking of gold coin, exchange gold recovered from natural deposits - of Executive Order No. 6260 of August 28, 1933---- receipt of gold on consignment by the mints and assay offices the Executive order of March 10, 1933, and the proc- eration of banks---- transactions in foreign exchange, transfers of credit, and the export of coin and currency--- Executive Order No. 6560, dated January 15, 1934, fers of credit, and the export of coin and currency- Executive Order No. 8389 of April 10, 1940, amend- 1934 Executive Order No. 8389 of April 10, 1940, as amended Executive Order No. 8389 of April 10, 1940, as amended -- Executive Order No. 8389 of April 10, 1940, as amended of Executive Order No. 8389 of April 10, 1940, as amended Executive Order No. 8389 of April 10, 1940, as 466 467 469 471 473 476 477 478 480 481 II. PRESIDENTIAL PROCLAMATIONS AND EXECUTIVE ORDERS 15. Executive Order 8711-March 13, 1941 : Amendment of Executive Order No. 8389 of April 10, 1940, as 16. Executive Order 8721–March 24, 1941: Amendment of Executive Order No. 8389 of April 10, 1940, as 17. Executive Order 8746 April 28, 1941 : Amendment of Executive Order No. 8389 of April 10, 1940, as 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 20. Executive Order 8843—August 9, 1941 : Regulation 21. Executive Order 8963—December 9, 1941 : Amendment of Executive Order No. 8389 of April 10, 1940, as 22. Executive Order 89984-December 26, 1941: Amend- ment of Executive Order No. 8389 of April 10, 1940, 23. Executive Order 9095March 11, 1912: Establishing the Office of Alien Property Custodian and defining 24. Executive Order 9142—April 21, 1942: Transferring Certain Functions, Property, and Personnel from the Department of Justice to the Alien Property 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 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 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 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 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- 514 |