On that repeal, I will read you a statement of President Roosevelt's as to why it is necessary, if you like.
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The President's News Conference
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I hereby delegate to the Secretary of the Treasury authority to prescribe such rules and regulations not inconsistent herewith as may be necessary further to effectuate the provisions of the act of July 17, 1952, or of this order.
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It would have involved us in all-out war in the Far East, and we have been strenuously trying to avoid that all the time.





