
      The President may withhold or revoke such license when he shall
    be satisfied after due notice and hearing that such action will
    assist in securing rights for the landing or operation of cables in
    foreign countries, or in maintaining the rights or interests of the
    United States or of its citizens in foreign countries, or will
    promote the security of the United States, or may grant such
    license upon such terms as shall be necessary to assure just and
    reasonable rates and service in the operation and use of cables so
    licensed. The license shall not contain terms or conditions
    granting to the licensee exclusive rights of landing or of
    operation in the United States. Nothing herein contained shall be
    construed to limit the power and jurisdiction of the Federal
    Communications Commission with respect to the transmission of
    messages.

                                AMENDMENTS                            
      1934 - Act June 19, 1934, substituted "of the Federal
    Communications Commission" for "heretofore granted the Interstate
    Commerce Commission".

Last modified: June 19, 2006