Page:United States Statutes at Large Volume 90 Part 1.djvu/797

 PUBLIC LAW 94-329—JUNE 30, 1976

90 STAT. 747

"(6) 'major defense equipment' means any item of significant combat equipment on the United States Munitions List having a nonrecurring research and development cost of more than $50,000,000 or a total production cost of more than $200,000,000; and "(7) 'defense articles and defense services' means, with respect to connnercial exports subject to the provisions of section 38 of this Act, Ante, p. 744. those items designated by the President pursuant to subsection (a)(1) of such section.". A N N U A L FOREIGN SALES REPORT

SEC. 216. Section 657 of the Foreign Assistance Act of 1961 is 22 USC 2417. amended as follows: (1) The section caption is amended by inserting "AND MILITARY EXPORTS" after "FOREIGN ASSISTANCE". (2) Paragraph (1) of subsection (a) is amended to read as follows: "(1) the aggregate dollar value of all foreign assistance (including military education and training), foreign military sales, sales credits, and guaranties provided or made by the United States Government by any means to all foreign countries and international organizations, and the aggregate dollar value of such assistance, sales, sales credits, and guaranties, by category, provided or made by the United States Government to or for each such country or organization during that fiscal year;". (3) Paragraph (3) of subsection (a) is amended to read as follows: " (3) the aggregate dollar value and quantity of defense articles and defense services, and of military education and training, exported to each foreign country and international organization, by category, specifying whether the export was made by grant under chapter 2 or chapter 5 of part II of this Act, by sale under chapter 2 of the Arms Export Control Act, by commercial sale licensed under chapter 3 of that Act, or by other authority; and". (4) Paragraph (4) of subsection (a) is repealed. (5) Paragraph (5) of subsection (a) is amended— (A) by redesignating such paragraph as paragraph (4), and (B) by striking out " (4) " and inserting in lieu thereof "(3)". REPORT ON SALES or EXCESS DEFENSE ARTICLES

SEC. 217. Not later than February 28, 1977, the President shall Transmittal to transmit to the Speaker of the House of Representatives and the Speaker of the Committee on Foreign Relations of the Senate a full and complete House and report regarding all sales made under the Arms Export Control Act congressional during the period July 1, 1976, through December 31, 1976, of excess committee. 2^ use 2751 defense articles to foreign governments and international organiza- note. tions (other than any such article sold solely for scrap). Such report shall set forth— (1) the number of such sales; (2) the total acquisition costs of the articles sold; (3) the total gross price paid for such articles exclusive of administrative surcharges and costs of repairing, rehabilitation, or modifying such articles; (4) the data set forth under paragraphs (1), (2), and (3) totaled separately for those sales made at less than 33% per centum of the acquisition costs thereof; and

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