12/01/1974
https://www.presidency.ucsb.edu...
"Because of the vigor of our people and the strength of our system, the United States today, as much or more than in years past, is the pivotal force for building a strong and prosperous world economy."
"By virtue of the authority vested in me by the Constitution and statutes of the United States of America, including the Arms Export Control Act, as amended."
"The Secretary of State shall obtain the prior concurrence of the Secretary of Defense and the Secretary of the Treasury, respectively."
"The Secretary of State shall be responsible for the continuous supervision and general direction of sales and exports under the Act."