09/08/1950
https://www.presidency.ucsb.edu...
"I hereby prescribe the following regulations for carrying out the provisions of the act."
"It is still essential to maintain certain limited materials controls, in order to prevent harm to our own economy and give concrete support to our foreign policy."
"If production abroad had reached similar heights, no materials controls at all would be needed today."
"Great damage can be done by inability to obtain an occasional machine, or machine parts needed to complete a program or project."