Retention for United States of defense articles procured for foreign governments
Any defense article procured pursuant to section 421 of this title shall be retained by or transferred to and for the use of such department or agency of the United States as the President may determine, in lieu of being disposed of to a foreign government, whenever in the judgment of the President the defense of the United States will be best served thereby.
[Oct. 28, 1941, ch. 460], title I, § 103, [55 Stat. 747].)