Page:United States Statutes at Large Volume 93.djvu/740

 93 STAT. 708

22 USC 2776. 22 USC 2761, 2762. 22 USC 2778.

PUBLIC LAW 96-92—OCT. 29, 1979 cooperative project, such dollar value to consist of expenses that will be charged against Department of Defense funds without reimbursement and amounts not to be recovered and deposited to the General Fund of the Treasury; "(D) an estimate of the dollar value of the costs to be borne by the North Atlantic Treaty Organization or by the member countries thereof in connection with such cooperative project; and "(E) a statement of the foreign policy and national security benefits anticipated to be derived from such cooperative project. "(2) The provisions of subsection (b) of section 36 of this Act shall not apply to sales made under section 21 or section 22 of this Act, and the provisions of subsection (c) of section 36 of this Act shall not apply to the issuance of licenses or other approvals under section 38 of this Act, if such sales are made, or such licenses or approvals are issued, in furtherance of a cooperative project.". REPORTS ON PRICE AND AVAILABILITY ESTIMATES

Ante, p. 706. Transmittal to congressional committees. 22 USC 2768.

22 USC 2776.

22 USC 2776. eertification, submittal to Congress. Supra.

SEC. 16. (a) Chapter 2 of the Arms Export Control Act, as amended by section 15 of this Act, is further amended by adding at the end thereof the following new section: "SEC. 28. REPORTS ON PRICE AND AVAILABILITY ESTIMATES.—(a) The

President shall transmit to the Speaker of the House of Representatives and the chairman of the Committee on Foreign Relations of the Senate, within five days after the end of each calendar quarter, a report listing each price and availability estimate provided by the United States Government during such quarter to a foreign country with respect to a possible sale under this Act 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. Each such listing shall specify the name of the country to which the estimate was provided, the defense articles or services involved, the quantity involved, and the price estimate provided. "Ob) Such reports shall also list each request received by the United States Government from a foreign country, during the quarter in question, for the issuance of a letter of offer to sell defense articles or defense services if (1) the proposed sale has not been the subject of a listing pursuant to subsection (a) of this section, and (2) the issuance of a letter of offer in accordance with such request would be subject to the requirements of section 36(b) of this Act. Each such listing shall include the name of the country making the request, the date of the request, the defense articles or services involved, the quantity involved, and the price and availability terms requested.". (b) Section 36(b) of such Act is amended by adding at the end thereof the following new paragraph: "(4) In addition to the other information required to be contained in a certification submitted to the Congress under this subsection, each such certification shall cite any quarterly report submitted pursuant to section 28 of this Act which listed a price and availability estimate, or a request for the issuance of a letter of offer, which was a basis for the proposed sale which is the subject of such certification.". AUTHORIZATION AND AGGREGATE CEIUNG FOR FOREIGN MILITARY SALES CREDITS

22 USC 2771.

SEC. 17. (a) Section 31 of the Arms Export Control Act is amended—

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