Page:United States Statutes at Large Volume 94 Part 1.djvu/387

 PUBLIC LAW 96-236—APR. 22, 1980 SEC. 4. CRIMINAL OFFENSES.

94 STAT. 337 7 USC 3604.

Any person who— (1) knowingly fails to keep any information, or to submit any report, required under section 2; (2) submits any report under section 2 knowing that the report or any part thereof is false; or (3) knowingly violates any rule or regulation issued to carry out this Act; is guilty of an offense and upon conviction thereof is punishable by a fine of not more than $1,000, SEC. 5. REPORT TO CONGRESS.

7 USC 3605.

The President shall submit to Congress, on or before May 1 and November 1 of each year, a report on the operation and effect of the Agreement during the immediately preceding six-month period. Unless otherwise published on a regular basis by an agency of the United States, the report shall contain, but not be limited to— (1) information with respect to world and domestic sugar demand, supplies, and prices during the period concerned; (2) projections with respect to world and domestic sugar demand, supplies, and prices; and (3) a summary of the international and domestic actions taken during the period concerned under the Agreement and under domestic legislation to protect the interests of United States consumers and producers of sugar. SEC. 6. PROTECTION OF INTERESTS OF UNITED STATES CONSUMERS.

7 USC 3606.

The powers and duties conferred by sections 2 and 3 shall be exercised in the manner the President considers appropriate to protect the interest of United States consumers. If the President determines that there has been an unwarranted increase in the price of sugar due in whole or in part to the Agreement, or to market manipulation by two or more members of the International Sugar Organization, the President shall request the International Sugar Council or the Executive Committee to increase supplies of sugar available to world markets by suspending sugar export quotas or to take any other appropriate action, and, at the same time, shall report that determination to the Congress. If the International Sugar RecommendaCouncil fails to take corrective action to remedy the situation within ^^°^' submittal a reasonable time after such request, the President shall submit to ° ongress. the Congress such recommendations as he may consider appropriate to correct the situation. In the event that members of the International Sugar Organization involved in market manipulation which has resulted in price increases have failed to remedy the situation within a reasonable time after a request for remedy, the exercise of the authority set forth in section 2 shall be suspended until the President determines that effective market manipulation activities have ceased. Approved April 22, 1980. LEGISLATIVE HISTORY: HOUSE REPORT No. 96-725, pt. 1 (Comm. on Ways and Means). SENATE REPORT No. 96-644 (Comm. on Finance). CONGRESSIONAL RECORD, Vol. 126 (1980): Mar. 11, considered and passed House. Apr. 2, considered and passed Senate.

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