§ 1601. Termination of existing declared emergencies

• (a) All powers and authorities possessed by the President, any other officer or employee of the Federal Government, or any executive agency, as defined in section 105 of title 5 , as a result of the existence of any declaration of national emergency in effect on September 14, 1976 , are terminated two years from September 14, 1976 . Such termination shall not affect—
  • (1) any action taken or proceeding pending not finally concluded or determined on such date;
  • (2) any action or proceeding based on any act committed prior to such date; or
  • (3) any rights or duties that matured or penalties that were incurred prior to such date.
• (b) For the purpose of this section, the words “any national emergency in effect” means a general declaration of emergency made by the President.