Conditions and Limitations on the Exercise of Power
- Tariff adjustments must serve the interest of national economy, general welfare, and national defense.
- Any changes made by the President shall remain effective unless modified by Congress.
- The authorization for the President to adjust tariffs is temporary and will expire on December 31, 1955.
Legal and Procedural Context
- The authority is contingent upon a prior investigation and recommendation from the Tariff Commission.
- This provision was inserted as Section 18-A between Sections 18 and 19 of Republic Act No. 911.
Effectivity of the Act
- The amendment takes effect immediately upon approval, which was on August 25, 1954.