Page:United States Statutes at Large Volume 96 Part 1.djvu/1282

 96 STAT. 1240

PUBLIC LAW 97-290—OCT. 8, 1982

acceptances, including obligations for a participation share in such acceptances, authorized for such institution under this paragraph. "(E) No institution shall accept bills, or be obligated for a participation share in such bills, whether in a foreign or domestic transaction, for any one person, partnership, corporation, association or other entity in an amount equal at any time in the aggregate to more than 10 per centum of its paid up and unimpaired capital stock and surplus, or, in the case of a United States branch or agency of a foreign bank, its dollar equivalent as determined by the Board under subparagraph (H), unless the institution is secured either by attached documents or by some other actual security growing out of the same transaction as the acceptance. "(F) With respect to an institution which issues an acceptance, the limitations contained in this paragraph shall not apply to that portion of an acceptance which is issued by such institution and which is covered by a participation agreement sold to another institution. "(G) In order to carry out the purposes of this paragraph, the Board may define any of the terms used in this paragraph, and, with respect to institutions which do not have capital or capital stock, the Board shall define an equivalent measure to which the limitations contained in this paragraph shall apply. "(H) Any limitation or restriction in this paragraph based on paidup and unimpaired capital stock and surplus of an institution shall be deemed to refer, with respect to a United States branch or agency of a foreign bank, to the dollar equivalent of the paid-up capital stock and surplus of the foreign bank, as determined by the Board, and if the foreign bank has more than one United States branch or agency, the business transacted by all such branches and agencies shall be aggregated in determining compliance with the limitation or restriction.". TITLE III—EXPORT TRADE CERTIFICATES OF REVIEW EXPORT TRADE PROMOTION DUTIES OF SECRETARY OF COMMERCE

15 USC 4011.

SEC. 301. To promote and encourage export trade, the Secretary may issue certificates of review and advise and assist any person with respect to applying for certificates of review. APPLICATION FOR ISSUANCE OF CERTIFICATE OF REVIEW

15 USC 4012.

Notice; F^derar^'^ "^ Register.

SEC. 302. (a) To apply for a certificate of review, a person shall submit to the Secretary a written application which— (1) specifies conduct limited to export trade, and (2) is in a form and contains any information, including information pertaining to the overall market in which the applicant operates, required by rule or regulation promulgated under section 310. (b)(1) Within ten days after an application submitted under subsection (a) is received by the Secretary, the Secretary shall publish ^^ the Federal Register a notice that announces that an application for a certificate of review has been submitted, identifies each person submitting the application, and describes the conduct for which the application is submitted.

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