SECTION 1. Section one of Republic Act Numbered Six hundred thirteen as amended, otherwise known as the Export Control Law, is hereby further amended as follows.
"SECTION 1. In order to promote economic and industrial development and to safeguard national security, it shall be unlawful for any person, association or corporation to export, re-export or tranship, or to attempt to export, re-export or tranship to any point outside the Philippine uranium and other atomic energy materials, machineries and their spare parts, scrap metals, medicines, foodstuffs, abaca seedlings, gasoline, oil, lubricants and military equipment or supplies suitable for military use, and such other items as may be deemed essential for industrialization and economic development without a permit from the President which may be issued in accordance with the provisions of the next succeeding section: Provided, however, That all other items not otherwise specifically enumerated in this Act the exportation, re-exportation or transhipment of which is prohibited by the President in pursuance of the provisions of this Act shall be reported to both Houses of Congress which may, by joint resolution, lift the prohibition of any or all of such items herein contemplated."