Volume 50
Public Law 75–5
To extend the time within which the powers relating to the stabilization fund and alteration of the weight of the dollar may be exercised.
Approved January 23, 1937
Statutory text
AN ACT
To extend the time within which the powers relating to the stabilization fund and alteration of the weight of the dollar may be exercised.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That subsection (c) of section 10 of the Gold Reserve Act of 1934, approved January 30, 1934, is amended to read as follows:
“(c) All the powers conferred by this section shall expire June 30, 1939, unless the President shall sooner declare the existing emergency ended and the operation of their stabilization fund terminated.”
Sec. 2.
The second sentence added to paragraph (b) (2) of section 43, title III, of the Act approved May 12, 1933, by section 12 of said
Specified powers defined.
Gold Reserve Act of 1934 is amended to read as follows: “The powers of the President specified in this paragraph shall be deemed to be separate, distinct, and continuing powers, and may be exercised by him, from time to time, severally or together, whenever and as the
Expiration.
expressed objects of this section in his judgment may require ; except that such powers shall expire June 30, 1939, unless the President shall sooner declare the existing emergency ended.”
Approved, January 23, 1937, 2 p. m.