Page:United States Statutes at Large Volume 93.djvu/551

 PUBLIC LAW 96-72—SEPT. 29, 1979

93 STAT. 519

pursuant to a bilateral international oil supply agreement entered into by the United States with such nation before June 25, 1979, or to any country pursuant to the International Emergency Oil Sharing Plan of the International Energy Agency. (e) REFINED PETROLEUM PRODUCTS.—(1) No refined petroleum product may be exported except pursuant to an export license specifically authorizing such export. Not later than 5 days after an application Export license for a license to export any refined petroleum product or residual fuel applications, notification of oil is received, the Secretary shall notify the Congress of such congressional application, together with the name of the exporter, the destination committees. of the proposed export, and the amount and price of the proposed export. Such notification shall be made to the chairman of the Committee on Foreign Affairs of the House of Representatives and the chairman of the Committee on Banking, Housing, and Urban Affairs of the Senate. (2) The Secretary may not grant such license during the 30-day period beginning on the date on which notification to the Congress under paragraph (1) is received, unless the President certifies in writing to the Speaker of the House of Representatives and the President pro tempore of the Senate that the proposed export is vital to the national interest and that a delay in issuing the license would adversely affect that interest. (3) This subsection shall not apply to (A) any export license application for exports to a country with respect to which historical export quotas established by the Secretary on the basis of past trading relationships apply, or (B) any license application for exports to a country if exports under the license would not result in more than 250,000 barrels of refined petroleum products being exported from the United States to such country in any fiscal year. (4) For purposes of this subsection,"refined petroleum product" "Refined means gasoline, kerosene, distillates, propane or butane gas, diesel petroleum product." fuel, and residual fuel oil refined within the United States or entered for consumption within the United States. (5) The Secretary may extend any time period prescribed in section Time extension. 10 of this Act to the extent necessary to take into account delays in action by the Secretary on a license application on account of the provisions of this subsection. (f) CERTAIN PETROLEUM PRODUCTS.—Petroleum products refined in Regulations. United States Foreign Trade Zones, or in the United States Territory of Guam, from foreign crude oil shall be excluded from any quantitative restrictions imposed under this section except that, if the Secretary finds that a product is in short supply, the Secretary may issue such regulations as may be necessary to limit exports. (g) AGRICULTURAL COMMODITIES.—(1) The authority conferred by

this section shall not be exercised with respect to any agricultural commodity, including fat^ and oils or animal hides or skins, without the approval of the Secretary of Agriculture. The Secretary of Agriculture shall not approve the exercise of such authority with respect to any such commodity during any period for which the supply of such commodity is determined by the Secretary of Agriculture to be in excess of the requirements of the domestic economy except to the extent the President determines that such exercise of authority is required to carry out the policies set forth in subparagraph (A) or (B) of paragraph (2) of section 3 of this Act. The Secretary Export sales of of Agriculture shall, by exercising the authorities which the Secre- animal hides and tary of Agriculture has under other applicable provisions of law, skins, data. collect data with respect to export sales of animal hides and skins. (2) Upon approval of the Secretary, in consultation with the Secretary of Agriculture, agricultural commodities purchased by or

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