Page:United States Statutes at Large Volume 117.djvu/2914

 PUBLIC LAW 108–195—DEC. 19, 2003

117 STAT. 2895

(c) RESPONSIBILITIES REGARDING CONSULTATION WITH FOREIGN NATIONS.—Section 123(c) of the Defense Production Act Amendments of 1992 (50 U.S.C. App. 2099 note) is amended to read as follows: ‘‘(c) NEGOTIATIONS.— ‘‘(1) INTERAGENCY TEAM.— ‘‘(A) IN GENERAL.—It is the policy of Congress that the President shall designate a chairman of an interagency team comprised of the Secretary of Commerce, Secretary of Defense, United States Trade Representative, Secretary of Labor, and Secretary of State to consult with foreign nations on limiting the adverse effects of offsets in defense procurement without damaging the economy or the defense industrial base of the United States or United States defense production or defense preparedness. ‘‘(B) MEETINGS.—The President shall direct the interagency team to meet on a quarterly basis. ‘‘(C) REPORTS.—The President shall direct the interagency team to submit to Congress an annual report, to be included as part of the report required under section 309(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2099(a)), that describes the results of the consultations of the interagency team under subparagraph (A) and the meetings of the interagency team under subparagraph (B). ‘‘(2) RECOMMENDATIONS FOR MODIFICATIONS.—The interagency team shall submit to the President any recommendations for modifications of any existing or proposed memorandum of understanding between officials acting on behalf of the United States and one or more foreign countries (or any instrumentality of a foreign country) relating to— ‘‘(A) research, development, or production of defense equipment; or ‘‘(B) the reciprocal procurement of defense items.’’.

President. Establishment.

Approved December 19, 2003.

LEGISLATIVE HISTORY—S. 1680: SENATE REPORTS: No. 108–156 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 149 (2003): Sept. 30, considered and passed Senate. Oct. 15, considered and passed House, amended. Nov. 21, Senate concurred in House amendment with an amendment. Dec. 8, House concurred in Senate amendment. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 39 (2003): Dec. 19, Presidential statement.

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