Authorization of Appropriation for Basic Materials.—

Sec. 402. Authorization of Appropriation for Basic Materials.—Section 514 (relating to basic materials) of the Mutual Security Act of 1951, as amended, is amended by adding at the end thereof the following sentence: “There is hereby authorized to be appropriated to the President for the fiscal year 1954 not to exceed $7,500,000 to carry out the provisions of this section.”