Page:United States Statutes at Large Volume 90 Part 1.djvu/795

 PUBLIC LAW 94-329—JUNE 30, 1976 carrying out any foreign assistance or sales program authorized by law and subject to the control of the President by other means. " (3) No license may be issued under this Act for the export of any major defense equipment sold under a contract in the amount of $25,000,000 or more to any foreign country which is not a member of the North Atlantic Treaty Organization unless such major defense equipment was sold under this Act. " (c) Any person who willfully violates any provision of this section or section 39, or any rule or regulation issued under either section, or who willfully, in a registration or license application or required report, makes any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading, shall upon conviction be fined not more than $100,000 or imprisoned not more than two years, or both. "(d) This section applies to and within the Canal Zone. "(e) In carrying out functions under this section with respect to the export of defense articles and defense services, the President is authorized to exercise the same powers concerning violations and enforcement which are conferred upon departments, agencies and officials by sections 6(c), (d), (e), and (f) and 7 (a) and (c) of the Export Administration Act of 1969, subject to the same terms and conditions as are applicable to such powers under such Act. Nothing in this subsection shall be construed as authorizing the withholding of information from the Congress.". (2) Section 2(b) of the Foreign Military Sales Act is amended— (A) by inserting "and exports" immediately after "sales" both times it appears; and (B) by inserting "and whether there shall be delivery or other performance under such sale or export," immediately after "thereof,". (b)(1) Section 414 of the Mutual Security Act of 1954 is repealed. Any reference to such section shall be deemed to be a reference to section 38 of the Arms Export Control Act and any reference to licenses issued under section 38 of the Arms Export Control Act shall be deemed to include a reference to licenses issued under section 414 of the Mutual Security Act of 1954. (2) All determinations, authorizations, regulations, orders, contracts, agreements, and other actions issued, undertaken, or entered into under section 414 of the Mutual Security Act of 1954 shall continue in full force and effect until modified, revoked, or superseded by appropriate authority.

90 STAT. 745

Penalties. Post, p. 767.

50 USC app. 2405, 2406. 22 USC 2752.

Repeal. 22 USC 1934 and note, 2778 note.

22 USC 1934 note.

CANCELLATION AND SUSPENSION OF LICENSES AND CONTRACTS

SEC. 213. Section 42 of the Foreign Military Sales Act is amended by adding at the end thereof the following new subsection: "(e)(1) Each contract for sale entered into under sections 21 and 22 of this Act shall provide that such contract may be canceled in whole or in part, or its execution suspended, by the United States at any time under unusual or compelling circumstances if the national interest so requires. "(2)(A) Each export license issued under section 38 of this Act shall provide that such license may be revoked, suspended, or amended by the Secretary of State, without prior notice, whenever the Secretary deems such action to be advisable. "(B) Nothing in this paragraph may be construed as limiting the regulatory authority of the President under this Act.

22 USC 2791 22 USC 2761, 2762.

Ante, p. 744

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