61 STAT.] 80T CONG., 1ST SESS.-CH. 24-MAR. 29, 1947 25 piled and held in storage, must be rotated and replaced from time to time by equivalent quantities of fresh material. By reason of the foregoing, a program with respect to rubber must be devised which will supplement that heretofore adopted in the Strategic and Critical Materials Stock Piling Act. (b) It is the policy of the United States that there shall be main- Policy ofU.S . tained at all times in the interest of the national security and common defense, in addition to stock piles of natural rubber which are to be acquired, rotated, and retained pursuant to the Strategic and Critical Materials Stock Piling Act (Public Law 520, Seventy-ninth Congress, 60 tat. 596. approved July 23, 1946), a technologically advanced and rapidly 0 .S.C .0698-9 Sh. expandible domestic rubber-producing industry of sufficient produc- tive capacity to assure the availability in times of national emergency of adequate supplies of domestically produced rubber to meet the industrial, military, and naval needs of the country. (c) It is necessary in the public interest and to promote the national Investigation, etc., defense (1) that Congress make a thorough study and investigation by ongres. of means of accomplishing such policy through the enactment of permanent legislation, the study and investigation to be completed within such time as will permit the legislation to be enacted, during the first session of the Eightieth Congress; and (2) that, pending the Con"tinution of enactment of such permanent legislation, the United States continueons y allocation, specification, and inventory controls of natural and syn- thetic rubber and natural and synthetic rubber products and the authority of the United States to manufacture and sell synthetic rubber be continued. TEMPORARY RETENTION OF CERTAIN EMERGENCY POWERS WITH RESPECT TO RUBBER SEC. 2. To effectuate the purposes set forth in section 1 (c) hereof- (a) Notwithstanding the provisions of title XV of the Second War Powers Act, 1942, as amended, title III of such Act and the amendments to existing law made by such title, shall remain in force until the effective date of permanent legislation enacted to accomplish the policy set forth in section 1 (b) hereof, but in no event beyond March 31, 1948, insofar as such provisions authorize allocation, speci- fication, and inventory controls of natural and synthetic rubber and natural- and synthetic-rubber products (including import control of synthetic rubber and natural- and synthetic-rubber products, but excluding import control of natural rubber), and it is hereby directed that, to the extent necessary to accomplish the purposes of this joint resolution, the powers, functions, duties, and authority under the provisions so continued shall be exercised and performed until that date: Provided, That the President may continue allocation, specifica- tion, and inventory control of natural and synthetic rubber and natural- and synthetic-rubber products and import control of syn- thetic rubber and natural- and synthetic-rubber products in the public interest and to carry out the purposes of this joint resolution, not- withstanding any changes in the supply or estimated supply of natural rubber. (b) The powers, functions, duties, and authority of the United States to manufacture (including the conduct of research essential to the development of the synthetic-rubber industry) and sell synthetic rubber shall continue in force until the effective date of permanent legislation enacted to accomplish the policy set forth in section 1 (b) hereof, but in no event beyond March 31, 1948. There shall not be declared as surplus nor shall War Assets Administration dispose of any synthetic-rubber plant and facilities costing the Government in 56 Stat. 187, 177. 50U.8.C.app. 0 645, 645a, 633, 1152. Post, pp. 34, 214, 322, 946. Continuation of control by President. Continuation of manufacture, etc., of synthetic rubber by U.S . Disposal of plants, etc., restriction.