Page:United States Statutes at Large Volume 94 Part 3.djvu/492

 94 STAT. 3136 22 USC 2771.

22 USC 2764.

PUBLIC LAW 96-533—DEC. 16, 1980

(c) Section 31(c) of such Act is amended— (1) in the first sentence by striking out "fiscal year 1980" and inserting in lieu thereof "fiscal year 1981"; and (2) in the last sentence by striking out "one-half and inserting in lieu thereof "$500,000,000". (d) The principal amount of the loans guaranteed under section 24(a) of such Act for the fiscal year 1981 with respect to Egypt, the Sudan, Greece, and Turkey shall be repaid, and with respect to Somalia may be repaid, in not less than twenty years, following a grace period often years on repayment of principal. COMMERCIAL EXPORTS OF DEFENSE ARTICLES AND DEFENSE SERVICES

22 USC 2778. 22 USC 2776.

Export license.

90 Stat. 765.

22 USC 2778.

SEC. 107. (a) Section 38(b)(3) of the Arms Export Control Act is amended by striking out "$35,000,000" and inserting in lieu thereof "$100,000,000". (b) Section 36(c) of such Act is amended— (1) in the first sentence by striking out "not less than 30 days"; (2) by redesignating paragraphs (1), (2), and (3) as clauses (A), (B), and (C), respectively; (3) in the last sentence by striking out "paragraph (2)" and inserting in lieu thereof "clause (B)" and by striking out "paragraph (3)" and inserting in lieu thereof "clause (C)"; (4) by inserting "(1)" immediately after "(c)"; and (5) by adding at the end thereof the following: "(2) Unless the President states in his certification that an emergency exists which requires the proposed export in the national security interests of the United States, a license for export described in paragraph (1)— Congress receives such certification; and "(B) shall not be issued then if the Congress, within such 30-day period, adopts a concurrent resolution stating that it objects to the proposed export, except that this subparagraph does not apply with respect to a license issued for an export to the North Atlantic Treaty Organization, any member country of that Organization, Japan, Australia, or New Zealand. If the President states in his certification that an emergency exists which requires the proposed export in the national security interests of the United States, thus waiving the requirements of subparagraphs (A) and (B) of this paragraph, he shall set forth in the certification a detailed justification for his determination, including a description of the emergency circumstances which necessitate the immediate issuance of the export license and a discussion of the national security interests involved. "(3)(A) Any resolution under this subsection shall be considered in the Senate in accordance with the provisions of section 601(b) of the International Security Assistance and Arms Export Control Act of 1976. "(B) For the purpose of expediting the consideration and adoption of concurrent resolutions under this subsection, a motion to proceed to the consideration of any such resolution after it has been reported by the appropriate committee shall be treated as highly privileged in the House of Representatives.". (c) Section 38(a) of such Act is amended by adding at the end thereof the following new paragraph: "(3) In exercising the authorities conferred by this section, the President may require that any defense article or defense service be
 * ^A) shall not be issued until at least 30 calendar days after the

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