QUOTAS ON PHILIPPINE ARTICLES.

SEC. 303. QUOTAS ON PHILIPPINE ARTICLES.The rights reserved to the United States by paragraph 2 of article HI of the revised agreement shall be exercised by the President, subject to the terms and conditions contained in such article. The President is authorized to prescribe such procedures and regulations for carrying out his functions as he may deem appropriate. Quotas shall be established pursuant to such article III by proclamation of the President, shall be effective for such period or periods as the President shall specify in his proclamation, and shall terminate upon finding and proclamation of the President in accordance with Paragraph (2) (d) of such article. III.