63 STAT.] 81ST CONG. , IST SESS.-CHS. 10 , 11 -FEB. 25, 26, 1949 [CHAPTER 10] AN ACT To amend Public Law 533 of the Eightieth Congress authorizing the construction of a building for the General Accounting Office on square 518 in the District of Columbia. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the provisions of Public Law 533, Eightieth Congress, approved May 18, 1948, limit- ing the cost of the General Accounting Office Building to $22,850,000 be, and the same are hereby, amended to increase such limit of cost to $25,400,000. Approved February 25, 1949. 7 February 25, 1949 [S. 713] [Public Law 10] 62 Stat. 238 . Post, p. 79. [CHAPTER 11] AN ACT February 26,1949 To provide for continuation of authority for the regulation of exports, and for Is. 548] other purposes. [Public Law 11] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Export Control Act of 1949". FINDINGS (a) Certain materials continue in short supply at home and abroad so that the quantity of United States exports and their distribution among importing countries affect the welfare of the domestic economy and have an important bearing upon the fulfillment of the foreign policy of the United States. (b) The unrestricted export of materials without regard to their potential military significance may affect the national security. DECLARATION OF POLICY SEC. 2. The Congress hereby declares that it is the policy of the United States to use export controls to the extent necessary (a) to protect the domestic economy from the excessive drain of scarce mate- rials and to reduce the inflationary impact of abnormal foreign demand; (b) to further the foreign policy of the United States and to aid in fulfilling its international responsibilities; and (c) to exer- cise the necessary vigilance over exports from the standpoint of their significance to the national security. AUTHORITY SEC. 3. (a) To effectuate the policies set forth in section 2 hereof, the President may prohibit or curtail the exportation from the United States, its Territories, and possessions, of any articles, materials, or supplies, including technical data, except under such rules and regu- lations as he shall prescribe. To the extent necessary to achieve effec- tive enforcement of this Act, such rules and regulations may apply to the financing, transporting, and other servicing of exports and the participation therein by any person. (b) The President may delegate the power, authority, and discre- tion conferred upon him by this Act to such departments, agencies, or officials of the Government as he may deem appropriate. (c) The authority conferred by this section shall not be exercised with respect to any agricultural commodity, including fats and oils, Export Control Act of 1949. Delegation of au- thority. Exceptions.