Page:United States Statutes at Large Volume 88 Part 2.djvu/237

 88 STAT. ]

PUBLIC LAW 93-500-OCT. 29, 1974

with the Secretary of Commerce in providing all information required by the Secretary of Commerce in making such analysis.". (c) Section 5(a) of such Act is amended— (1) by striking out "hereunder" in the first sentence and inserting in lieu thereof the words "or monitored under this Act"; and (2) by inserting immediately after such first sentence the following: "Such departments and agencies shall fully cooperate in rendering such advice and information.". (d) Section 5(a) of such Act is further amended by adding the following at the end thereof: " I n addition, the Secretary of Commerce shall consult with the Federal Energy Administration to determine whether monitoring under section 4 of this Act is warranted with respect to exports of facilities, machinery, or equipment normally and principally used, or intended to be used, in the production, conversion, or transportation of fuels and energy (except nuclear energy), including but not limited to, drilling rigs, platforms, and equipment; petroleum refineries, natural gas processing, liquefication, and gasification plants; facilities for production of synthetic natural gas or synthetic crude oil; oil and gas pipelines, pumping stations, and associated equipment; and vessels for transporting oil, gas, coal, and other fuels.".

1553

50 USC app. 2404.

Fuel and energy, f a c i l i t i e s and equipment. 50 USC app. 2403.

INTERNATIONAL COOPERATION TO SECURE ACCESS TO S U P P L I E S

SEC. 4. (a) Section 2 of the Export Administration Act of 1969 is amended by adding at the end thereof the following new paragraph: "(5) Unreasonable restrictions on access to world supplies can cause worldwide political and economic instability, interfere with free international trade, and retard the growth and development of nations," (b) Section 3(3)(A) of such Act is amended by striking out "with which the United States has defense treaty commitments". (c) Section 3(5) of such Act is amended— (1) by striking out the word "and" immediately preceding clause (B); and (2) by striking out the period at the end thereof and inserting in lieu thereof a comma and the following: "and (C) to foster international cooperation and the development of international rules and institutions to assure reasonable access to world supplies.".

50 USC app. 2401.

50 USC app. 2402.

H I G H TECHNOLOGY EXPORTS

SEC. 5. (a) Section 4 of the Export Administration Act of 1969, as amended by section 3 of this Act, is amended by adding at the end thereof the following new subsection: " (g) Any export license application required by the exercise of authority under this Act to effectuate the policies of section 3(1)(B) or 3(2)(C) shall be approved or disapproved not later than 90 days after its submission. If additional time is required, the Secretary of Commerce or other official exercising authority under this Act shall inform the applicant of the circumstances requiring such additional time and give an estimate of when his decision will be made." (b) Section 5(c)(1) of such Act is amended by striking out the next to the last sentence thereof and inserting in lieu thereof the following: "Each such committee shall consist of rcDresentatives of United States industry and Government, including the Departments of Commerce, Defense, and State, and, when appropriate, other Government departments and agencies.". (c) Section 5(c) of such Act is amended by adding at the end thereof the following new paragraph: "(5) To facilitate the work of the technical advisory committees, the Secretary of Commerce, in conjunction with other departments

50 USC app. 2403.

50 USC app. 2404.

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