2 [PUB. RES. 27.]
the export of which is prohibited by this section. The arms, ammunition, and implements of war so
enumerated shall include those enumerated in the President's proclamation Numbered 2163, of
April 10, 1980, but shall not include raw materials or any other articles or materials not of the
same general character as those enumerated in the said proclamation, and in the Convention for
the Supervision of the International Trade in Arms and Ammunition and in Implements of War,
signed at Geneva June 17, 1925.
"(e) Whoever, in violation of any of the provisions of this Act, shall export, or attempt to
export, or cause to be exported, arms, ammunition, or implements of war from the United States
shall be fined not more than $10.000, or imprisoned not more than five years, or both, and the
property, vessel, or vehicle containing the same shall be subject to the provisions of sections 1 to
8, inclusive, title 6, chapter 30. of the Act approved June 15, 1917 (40 Stat. 223-225; U.S. C.,
1934 ed.. title 22. secs. 238-245).
"(f) In the case of the forfeiture of any arms, ammunition, or implements of war by reason of a
violation of this Act, no public or private sale shall be required; but such arms, ammunition, or
implements of war shall be delivered to the Secretary of War for such use or disposal thereof as
shall be approved by the President of the United States.
"(g) Whenever, in the judgment of the President, the conditions which have caused him to
issue any proclamation under the authority of this section have ceased to exist, he shall revoke the
same, and the provisions of this section shall thereupon cease to apply with respect to the state or
states named in such proclamation, except with respect to offenses committed, or forfeitures
incurred, prior to such revocation.
"EXPORT OF OTHER ARTICLES AND MATERIALS
"SEC. 2. (a) Whenever the President shall have issued a proclamation under the authority of
section 1 of this Act and he shall thereafter find that the placing of restrictions on the shipment of
certain articles or materials in addition to arms, ammunition, and implements of war from the
United States to belligerent states, or to a state wherein civil strife exists, is necessary to promote
the security or preserve the peace of the United States or to protect the lives of citizens of the
United States, he shall so proclaim, and it shall thereafter be unlawful, except under such
limitations and exceptions as the President may prescribe as to lakes, rivers, and inland waters
bordering on the United States and as to transportation on or over lands bordering on the United
States. for any American vessel to carry such articles or materials to any belligerent state, or to
any state wherein civil strife exists, named in such proclamation issued under the authority of
section 1 of this Act, or to any neutral state for transshipment to, or for the use of, any such
belligerent state or any sucln state wherein civil strife exists. The President shall by proclamation
from time to time definitely enumerate the articles and materials which it shall be unlawful for
American vessels to so transport.
"(b) Whenever the President shall have issued a proclamation under the authority of section 1
of this Act and he shall thereafter find that the placing of restrictions on the export of articles or
materials from the United States to belligerent states, or to a state
[PUB. Res 27.] 3
wherein civil strife exists, is necessary to promote the security or preserve the peace of the United
States or to protect the lives or commerce of citizens of the United States, he shall so proclaim,
and it shall thereafter be unlawful, except under such limitations and exceptions as the President
may prescribe as to lakes, rivers, and inland waters bordering on the United States, and as to
transportation on or over land bordering on the United States, to export or transport,
or attempt to export or transport, or cause to be exported or transported, from the Urnted States
to any belligerent state, or to any state wherein civil strife exists, named in such proclamtion
issued under the authority of section 1 of this Act, or to any neutral state for transshipment to, or
for the use of, any such belligerent state or any such state wherein civil strife exists, any articles or
materials whatever until all right, title, and interest therein shall have been transferred
to some foreign government, agency, institution, association, partnership, corporations, or
national. The shipper of such articles or materials shall be required to file with the collector of the
port from which they are to be exported a declaration under oath that there exists in citizens of
the United States no right, title, or interest in such articles or materials, and to comply with such
rules and regulations as shall be promulgated from time to time by the President. Any such
declaration so filed shall be a conclusive estoppel against any claim of any citizen of the United
States of right, title, or interest in such articles or materials. Insurance written by underwriters on
any articles or materials the export of which is prohibited by this Act, or on articles or materials
carried by an American vessel in violation of subsection (a) of this section, shall not be deemed an
American interest therein, and no insurance policy issued on such articles or materials and no loss
incurred thereunder or by the owner of the vessel carrying the same shall be made a basis of any
claim put for ward by the Government of the United States.
"(c) The President shall from time to time by proclamation extend such restrictions as are
imposed under the authority of this section to other states as and when they may be declared to
become belligerent states under proclamations issued under the authority of section 1 of
this Act.
"(d) The President may from time to time change, modify, or revoke in whole or in part any
proclaimations issued by him under the authority of this section.
"(e) Except with respect to offenses committed, or forfeitures incurred, pior to May 1, 1939,
this section and all proclamations issued thereunder shall not be effective after May 1, 1939.
"FINANCIAL TRANSACTIONS
"SEC. 3. (a) Whenever the President shall have issued a proclamation under the authority of
section 1 of this Act, it shall thereafter be unlawful for any person within the United States to
purchase, sell, or exchange bonds, securities, or other obligations of the government of any such
belligerent state or of any state wherein civil strife exists, named in such proclamation, or on any
political subdivision of any such state, or of any person acting for or on behalf of the government
of any such state, or of any faction or asserted government within any such state wherein civil
strife exists, or of