77. Editorial Note
In its December 7 Progress Report on NSC 5506 (Document 7), the OCB stated:
“The Board recommends that the Council review the policy set forth in NSC 5506. This is desirable in view of the fact that the Council is currently reviewing NSC 5501 and the need for relating the policies set forth in NSC 5506 and NSC 5429/5 to the new policy. The Board noted that developments since the approval of NSC 5506 with respect to such matters as East-West trade, Soviet economic penetration, and the economic burden of local military establishments, make such a policy review desirable.” (Department of State, S/S–NSC Files: Lot 63 D 351, NSC 5506 Series)
NSC 5501, “Basic National Security Policy”, January 6, 1955, is scheduled for publicaition in volume XIX.
At its meeting on January 18, 1956, the NSC discussed this progress report and requested the Council on Foreign Economic Policy, “after Council and Presidential action on the forthcoming revision of Basic National Security Policy (NSC 5501), to review NSC 5506 in the light of such basic policy and report its findings back to the NSC.” (NSC Action No. 1506; Department of State, S/S–NSC (Miscellaneous) Files: Lot 66 D 95, Records of Action by the National Security Council)