Page:United States Statutes at Large Volume 85.djvu/375

 85 STAT. ]

PUBLIC LAW 92-126-AUG. 17, 1971

345

SEC.. The Secretary of Commerce shall make available to the Advisory Committee such staff, information, personnel and administrative services and assistance as it may reasonably require to carry out its activities. The Advisory Committee is authorized to requesrt from any department, agency, or independent instrumentality of the Federal Government any information and assistance it deems necessary to carry out its functions under this Act; and each such department, agency, and instrumentality is authorized to cooperate with the Advisory Committee and, to the extent permitted by law, to furnish such information and assistance to the Advisory Committee upon request made by its Chairman, without reimbursement for sucJi services and assistance. SEC. 7. There is hereby authorized to be appropriated to the Secretary of Commerce $200,000 for the fiscal year ending June 30, 1972, and each succeeding fiscal year to carry out the purposes of this Act. Approved August 16, 1971.

Department of Commerce and other a g e n c i e s, assistance.

Appropriation.

Public Law 92-126 AN ACT To amend the E x p o r t - I m p o r t B a n k Act of 1945, to eliminate certain credit (-(mtrol.s. and for other piirposes.

export

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) this Act may be cited as the "Export Expansion Finance Act of 1971". (b) The Export-Import Bank Act of 1945 (12 U.S.C. 635 and following) is amended as follows: (1) Section 2(a) of such Act is amended by inserting " (1) ' ' immediately after "SEC. 2. (a) " and by adding at the end thereof the following new paragraph: "(2) The receipts and disbursements of the Bank in the discharge of its functions shall not be included in the totals of the budget of the United States Government and shall be exempt from any annual expenditure and net lending (budget outlays) limitations imposed on the budget of the United States Government. I n accordance with the provisions of the Government Corporation Control Act, the President shall transmit annually to the Congress a budget for program activities and for administrative expenses of the Bank, which budget shall also include the estimated annual net borrowing by the Bank from the United States Treasury. The President shall report annually to the Congress the amount of net lending of the Bank, including any net lending created by the net borrowing from the United States Treasury, which would be included in the totals of the budget of the United States Government if the Bank's activities were not excluded from those totals as a result of this section." (2) Section 2(c)(1) of such Act is amended by striking out "$3,500,000,000" and inserting in lieu thereof "$10,000,000,000". (3) Section 7 of such Act is amended by striking out "$13,500,000,000" and inserting in lieu thereof "$20,000,000,000". (4) Section 8 of such Act is amended by striking out "June 30, 1973" and inserting in lieu thereof "June 30, 1974", and by inserting immediately following the words "Secretary of the Treasury" "or any other purchasers". (5) Section 2(b)(3) of such Act is amended to read as follows: "(3) The Bank shall not guarantee, insure, or extend credit, or participate in the extension of credit in connection with (A) the purchase of any product, technical data, or other information by a national or agency of any nation which engages in armed conflict,

August 17, 1971 [S, 581]

Export Expansion F i n a n c e Act of 1971. 59 Stat, 526. 61 Stat. 130.

R e c e i p t s and disbursements, exclusion from U.S. budget.

59 Stat. 597. 31 USC 841 note.

Presidential report to C o n g r e s s,

82 Stat. 49, 12 USC 635e„ 12 USC 635f.

Credit e x t e n s i o n, restriction, 12 USC 635,

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