Resolves that the Special Committee on the Termination of the National Emergency established by Senate Resolution 9, 93d Congress, agreed to January 6, 1973, is continued for the period from March 1, 1974, through February 28, 1975.

Declares that the Special Committee on the Termination of the National Emergency is continued for the period from March 1, 1974, through February 28, 1975, except that, commencing on March 1, 1974: (1) such special committee shall thereafter be known as the Special Committee on National Emergencies and Delegated Emergency Powers; and (2) it shall be the function of such special committee to conduct a study and investigation with respect to the termination of existing states of national emergencies proclaimed by Presidents of the United States in 1933, 1950, 1970, and 1971, and with respect to delegated emergency powers. Grants the special committee specified powers from March 1, 1974, through February 28, 1975.

Declares that for the period from March 1, 1974, through February 28, 1975, the expenses of the special committee under this resolution shall not exceed $166,000, of which amount not to exceed $25,000 shall be available for the procurement of the services of individual consultants, or organizations thereof,.

States that the special committee shall make the final report required by section 5 of that Senate Resolution 9 not later than February 28, 1975, instead of February 28, 1974.