Section 7
SEC. 7. This Act shall take effect on January 1, 1956; Provided, That on or before said date, the President shall have previously declared by proclamation the taking effect of a trade agreement between the Philippines and the United States revising the Executive Agreement on Trade and Related Matters between the President of the Philippines and the President of the United States dated July 4, 1946, failing which this Act shall have no force and effect. Approved, August 29, 1955.