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178295346
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Press Release, Statement by the President
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doc
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document
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1
Source metadata
id
178295346
contentType
document
title
Press Release, Statement by the President
citationUrl
collections
White House Press Release Files (Truman Administration)
White House Press Releases
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178295346
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item
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15
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1947-07-15
month
7
year
1947
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nara-archive
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1
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photo
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20cc8e9a534fe5d1
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2/76
#1228
IMMEDIATE RELEASE
July 15, 1947
STATEMENT BY THE PRESIDENT
ON SIGNING THE SECOND DECON TROL ACT OF 1947
I have today approved H.R.3647, extending until
March 1, 1948, the authority of the Govornment to regulate the
export of commodities which are in critically short supply hero
and abroad; to control the importation and domostic uso of a
small group of essontial commodities which we must obtain from
sources of supply abroad; to allocato transportation equipment
of rail carriors; and to direct the dolivery abroad of goods
required for the production in foroign countries of commodities
urgontly nooded in the United Statos, or required for carrying
out our for eign policy.
The bill differs only in detail from that requested in
my message to tho Congross on this subject. Thus, wo have again
demonstrated to the world our unanimity on mattors affocting our
international relations. This is particularly significant and
timoly at this momont whon so much attention is focused abroad
on our desire to assist nations willing to cooperate in the
NARA
common objective of reconstruction
I wish it had not beon necessary to request a continuation
of these controls. But world shortages have by no moans boon
dispolled and the throat of inflation has not been dissipatod. The
haphazard distribution of our produce throughout the world could
only load to higher prices at home and sufforing for the neediest
of our friends abroad.
Our objectivo continues to be the removal of interferences
with world trade. We shall, accordingly, use those controls
sparingly and dispense with thom as soon as conditions permit. I
should be less than candid, however, were I not to say that I
bolieve the noed for somo supervision of our foreign trade will
continue beyond next February.
Under this logislation, it will bo the duty of the Secrotary
of Commorce to watch the effect upon the domestic economy of the
exercise of these powors. This responsibility ties in closely with
the work I requested him to undertake when, on June 22, I appointed
a representativo, non-partisan public committee hoaded by him to
consider the offect upon our domostic economy of the exports we are
now shipping abroad or may furnish as economic assistance to foreign
countries. It is imporative that these programs of assistance be
concoived and executed so as to be of maximum benofit to such foroign
countrios, without having an unduly adverse effect upon our domestic
economy.
I am gratified that the Congress has again demonstratod its
willingness to support the achievement of our foreign policy
objectives. Despito the aversion of our people to controls, I am
confident that under these circumstances they will approve of thoir
continuance.