PUBLIC LAWS-CHS. 28, 29-MAR. 31 , 1947 [61 STAT. all vessels operated by the War Department as to which such suspen- sion has been requested: Provided, That such suspension shall be effective only until December 31, 1947. Approved March 31, 1947. [CHAPTER 29] AN' ACPT March 31,1947 [S. 931] To extend certain powers of the President under title III of the Second War [Public Law 29] Powers Act. First Decontrol Act of 1947. Post, p. 321. Removal of emer- gency controls, etc. 56 Stat. 176. 50U.S.C. app. §§ 631-645a. Ante, p. 25; infra; post, pp. 214, 322 , 946. Authority in lim- ited instances. Liquidation, etc. 56 Stat. 187. 50 U. S .C. app. 645. Post, pp. 214 , 322 , 946. Time limitations. 56 Stat. 176-180 , 181 , 186. 50U.S.C.app. §§ 631-635, 637, 641- 644b. 56 Stat. 177. 50U. S . C .app. i633. Allocations. Restriction. Designation of ear- lier time for termina- tion. Sugar, rubber, or derivatives. Force and effect of designated amend- ments. 54 Stat. 676; 55 Stat. 236. 50U.S.C.app. 1152(a). Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act shall be cited as the "First Decontrol Act of 1947." SEC. 2. The Congress hereby declares that it is vital to a free econ- omy and full production in the United States that all emergency controls and war powers under the Second War Powers Act be removed except in certain limited instances. The Congress further declares that in each such limited instance the authority for such emergency controls and war powers should not be exercised by the grant of broad, general war powers but should be granted by restrictive, specific legislation. SEC. 3. For the purpose of liquidating existing emergency controls and war powers and for the purpose of affording further opportunity for the appropriate committees of the Congress to consider specific legislation granting restricted authority in limited instances, title XV, section 1501, of the Second War Powers Act, 1942, approved March 27, 1942, as amended, is amended to read as follows: "SEC. 1501. Except as otherwise provided by statute enacted during the first session of the Eightieth Congress on or before the date this section as amended takes effect, titles I, II, III, IV, V, VII, and XIV of this Act and the amendments to existing law made by such titles shall remain in force only until March 31, 1947, except that such title III, and the amendments to existing law made by such title, shall remain in force until June 30, 1947, for the following purposes: (a) Allocations of cinchona bark and cinchona alkaloids, manila (abaca) fiber and cordage, agave fiber and cordage, tin anl tin products, anti- mony and streptomycin; (b) allocations limited to control of prodllc- tion for export of tractors; (c) allocations of the use of transportation equipment and facilities by rail carriers; (d) allocations of materials or facilities for export which are required to expand the production in foreign countries of materials critically needein n the United States; (e) allocations of materials or facilities which are certified by the Secretaries of State and Commerce as necessary to meet international commitments: Provided, That any materials or facilities which were not being allocated on March 24, 1947, shall not be allocated hereafter under the provisions of such title III: Provided further,That the two Houses of Congress by concurrent resolution or the President may designate an earlier time for the termination of any power of allocation under such title: Providedfurther. That nothing herein contained shall be construed to continue beyond March 31, 1947, any authority to allocate sugar, rubber, or the derivatives thereof. After the amend- ments made by any such title cease to be in force, any provisions of law amended thereby (except subsection (a) of section 2 of the Act entitled 'An Act to expedite national defense, and for other purposes', approved June 28, 1940, as amended by the Act of May 31. 1941) shall be in full force and effect as though this Act had not been enacted." Approved March 31, 1947. 34 Time limitation.