“ I, Ronald Reagan, President of the United States of America, find that the unrestricted access of foreign parties to United States commercial goods, technology, and technical data and the existence of certain boycott practices of foreign nations constitute, in light of the expiration of the Export Administration Act of 1979, an unusual and extraordinary threat to the national security, foreign policy and economy of the United States and hereby declare a national economic emergency to deal with that threat. ”

“ Nothing in this section shall affect the continued applicability of administrative sanctions provided for by the regulations described above.
Sec. 3. Provisions for the administration of section 38 (e) of the Arms Export Control Act (22 U.S.C. 2778 (e) ) may be made and shall continue in full force and effect until amended or revoked under the authority of section 203 of the Act (50 U.S.C. 1702) . ”