Page:United States Statutes at Large Volume 93.djvu/535

 PUBLIC LAW 96-72—SEPT. 29, 1979

93 STAT. 503

Public Law 96-72 96th Congress An Act To provide authority to regulate exports, to improve the efficiency of export regulation, and to minimize interference with the ability to engage in commerce.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE

1. This Act may be cited as the "Export Administration Act of 1979". SECTION

Sent 29 1979 f!——'[S. 737]

Export Administration Act of 1979.

50 USC app. 2401 "•'^•

FINDINGS

SEC. 2. The Congress makes the following findings: ^P^ (1) The ability of United States citizens to engage in interna- 2^"^tional commerce is a fundamental concern of United States policy. (2) Exports contribute significantly to the economic well-being of the United States and the stability of the world economy by increasing employment and production in the United States, and by strengthening the trade balance and the value of the United States dollar, thereby reducing inflation. The restriction of exports from the United States can have serious adverse effects on the balance of payments and on domestic employment, particularly when restrictions applied by the United States are more extensive than those imposed by other countries. (3) It is important for the national interest of the United States that both the private sector and the Federal Government place a high priority on exports, which would strengthen the Nation's economy. (4) The availability of certain materials at home and abroad varies so that the quantity and composition of United States exports and their distribution among importing countries may affect the welfare of the domestic economy and may have an important bearing upon fulfillment of the foreign policy of the United States. (5) Exports of goods or technology without regard to whether they make a significant contribution to the military potential of individual countries or combinations of countries may adversely affect the national security of the United States. (6) Uncertainty of export control policy can curtail the efforts of American business to the detriment of the overall attempt to improve the trade balance of the United States. (7) 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. (8) It is important that the administration of export controls imposed for national security purposes give special emphasis to the need to control exports of technology (and goods which

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