Page:United States Statutes at Large Volume 67.djvu/511

 67 S T A T. ]

PUBLIC LAW 215-AUG. 7, 1953

(b) CERTAIN OF THE MATTERS TO B E CONSIDERED AND REPORTED

ON.—Without limiting the general scope of the direction to the Commission contained in subsection (a), the Commission shall consider, and shall report on, the following matters: (1)(A) Applicable provisions of the Constitution of the United States; (B) Laws, regulations, and practices of the United States relating to international trade, including such matters as tariffs, customs, customs administration, trade agreements, peril point and escape procedures, opinions and decisions thereon of the United States Tariff Commission and the President, import and export quotas, monetary licenses, countervailing duties, and procurement preferences; (C) Departments, agencies, boards, commissions, bureaus, and other instrumentalities of the United States having jurisdiction over, or dealing with, these matters; (D) Laws, regulations, and practices and official instrumentalities of other nations concerned with similar subject matters; (E) Pertinent statistics on international trade; and (F) Balance of payments, nation by nation; and the causes and effects of, and proposed remedies for, excessive imbalances. (2) Relationship of our foreign economic policies to, and their influences on, our total foreign policy; and the proper relationship of each to the other. (3) Effect of our foreign aid and military defense programs on international trade and international balance of payments. (4) Foreign markets of trading nations—extent and nature; and the effect thereon of wars, other emergencies, technological advances, international relations, and other pertinent factors. (5) International instrumentalities, organizations, and agreements and practices affecting trade, such as the General Agreement on Tariffs and Trade, Customs Unions, Organization for European Economic Cooperation, International Wheat Agreement, cartels, European Payments Union, European Coal and Steel Community, and International Monetary Fund. (6) Foreign investment capital and the flow of investment capital between nations—need thereof—restrictions thereon—inducements necessary to encourage—role of the Export-Import Bank and of the International Bank for Reconstruction and Development. (7) Effects on international trade of factors such as costs of production and pricing, labor practices and standards, general living standards, currency manipulation, inconvertible currencies, official inflationary policies, currency devaluations, exchange controls and licenses, quotas, embargoes, dumping and pricing practices, multiple currencies, bilateral trade agreements, barter arrangements, customs procedures, marking and transit problems, concealed regulation of exports and imports, preferential tariff systems, most-favored nation treatment, government monopolies, statecontrolled economies, state trading, and state-subsidized trading. (8) Effect of existing and proposed trade policies on the promotion of peace and security and the betterment of political, social, and economic life, domestic and foreign. SEC. 310. POWERS OF THE COMMISSION. (a) HEARINGS AND SESSIONS.—The Commission or, on the authorization of the Commission, any subcommittee or member thereof, shall have power to hold hearings and to sit and act at such times and places, within the United States or elsewhere, to take such testimony.

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