Section 4
SEC. 4. There is hereby created an Emergency Board Emergency Board which shall consist of the Chairman of the Committee on Finance of the Senate, the Chairman of the Committee on Appropriations of the House of Representatives, the Secretary of Justice, the Insular Auditor, and the Secretary of Finance, with the latter as chairman. In the absence of the Chairman of the Committee on Finance of the Senate or the Chairman of the Committee on Appropriations of the House of Representatives, the Senator or Representative designated by the President of the respective House shall act in his stead. The Chairman of the Emergency Board, with the approval of said Board, shall designate a Government employee to act as secretary of the Board.