2
                               
l    proclamation issued under the authority of this section when-
2   ever the conditions which caused him to issue the same shall
3   cease to exist.
4                 AREAS OF COMBAT OPERATIONS
5         SEC. 2. (a) Whenever the President shall have issued
6    a proclamation under the authority of section I of this Act,
7    he shall, by proclamation, define the areas of combat
8    operations of the states hameel in the proclamation so issued
9    under the authority of section 1, and thereafter any citizen 
10  of the United States or any American vessel that enters or
11  proceeds through any area so defined shall do so at his or
12  its own risk. Provided, That the provisions of this section
13  shall not apply to any class of such citizens or vessels which
14   the President, under such conditions as he may by regulation
15   prescribe, shall specifically exempt from the operation of this
16   section.
17         (b) The President may from time to time modify or
18   extend any proclamation issued under the authority of this
19   section, and he shall, by proclamation, revoke any proela-
20   mation so issued when the conditions which caused him to
21   issue the same shall cease to exist.
22                  FINANCIAL TRANSACTIONS
23         SEC. 3. (a) Whenever the President shall have issued a
24   proclamation under the authority of section i of this Act, it
25   shall thereafter be unlawful for any person within the United
 
                                3
 
1    States to purchase, sell, or exchange bonds, securities, or other
2    obligations of the govermnent of any State named in such 
3    proclamation, or of any political subdivision of any such State, 
4    or of any person acting for or on behalf of the government 
5    of any such State, issued after the date of such proclamation, 
6    or to make any loan or extend any credit to any such govern-
7    ment, political subdivision, or person: Provided, That if the 
8    President shall find that such action will serve to protect the 
9    commercial or other interests of the United States or its 
10  citizens, he may, in his discretion, and to such extent and 
11  under such regulations as he may prescribe, except from the 
12  operation of this section ordinary commercial credits and 
13  short-time obligations in aid of legal transactions and of a 
14  character customarily used in normal peacetime commercial 
15  transactions. Nothing in this subsection shall be construed 
16  to prohibit the solicitation or collection of funds to be used 
17  for medical aid and assistance, or for food and clothing to 
18  relieve human suffering, when such solicitation or collection 
19  of funds is made on behalf of and for use by any person or 
20  organization which is not acting for or on behalf of any such 
21  government, political subdivision, or person, but all such 
22  solicitations and collections of funds shall be subject to the 
23  approval of the President and shall be made under such rules
24  and regulations as he shall prescribe.