Page:United States Statutes at Large Volume 92 Part 1.djvu/794

 92 STAT. 740 Report to Congress.

22 USC 2751 note.

PUBLIC LAW 95-384—SEPT. 26, 1978 (b) Not later than December 31, 1979, the President shall transmit to the Congress a detailed report assessing the results and commenting on the implications of the multilateral discussions referred to in the amendment made by subsection (a). SALES FROM STOCK

22 USC 2761.

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SEC. 16. Section 21(e)(1) of the Arms Export Control Act is amended— (1) by striking out "and" at the end of subparagraph (B); (2) by striking out the period at the end of subparagraph (C) and inserting in lieu thereof a semicolon and "and"; and (3) by adding at the end thereof the following new subparagraph: "(D) the recovery of ordinary inventory losses associated with the sale from stock of defense articles that are being stored at the expense of the purchaser of such articles.". RENEGOTIATION ACT OF 1951

22 USC 2762. 50 USC app. 1211 note.

SEC. 17. Section 22 of the Arms Export Control Act is amended by adding at the end thereof the following new subsection: " (c) The provisions of the Renegotiation Act of 1951 do not apply to contracts for the procurement of defense,articles and defense services heretofore or hereafter entered into under this section or predecessor provisions of law.". A N N U A L ARMS SALES PROPOSAL

22 USC 2765. Report to congressional committees.

SEC. 18. (a) Section 25 of the Arms Export Control Act is amended by adding at the end thereof the following new subsection: "(d) On or before November 15 of each year, the President shall transmit to the Speaker of the House of Representatives and the chairman of the Committee on Foreign Relations of the Senate the Arms Sales Proposal covering all sales under this Act (other than sales to members of the North Atlantic Treaty Organization, Japan, Australia, and New Zealand) of major defense equipment for $7,000,000 or more, or of any other defense articles or defense services for $25,000,000 or more, which are considered eligible for approval during the fiscal year beginning on October 1 of such year.". (b) Subsection (c) of such section is amended by striking out "this section" and inserting in lieu thereof "subsection (a) or (b)". DEFENSE REQUIREMENT SURVEYS

22 USC 2766.

SEC. 19. Chapter 2 of the Arms Export Control Act is amended by adding at the end thereof the following new section: "SEC. 26. DEFENSE REQUIREMENT SURVEYS.— (a) The Congress finds that defense requirement surveys prepared by the United States for foreign countries have had a significant impact on subsequent military procurement decisions of those countries. I t is the policy of the United States that the results of defense requirement surveys conducted by the United States clearly do not represent a commitment by the United States to provide any military equipment to any foreign country. Fur-

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