Page:United States Statutes at Large Volume 99 Part 1.djvu/181

 PUBLIC LAW 99-64—JULY 12, 1985

99 STAT. 159

duced abroad, in situations in which sales would otherwise not occur; and (2) to purchase petroleum and petroleum products, and other materials vital to the national interest, which are produced abroad and acquired by persons in the United States through barter for agricultural commodities produced in and exported from the United States through normal commercial trade channels. (c) OTHER PROVISIONS OF LAW NOT AFFECTED.—In the case of any petroleum, petroleum products, or other materials vital to the national interest, which are acquired under subsection (b), nothing in this section shall be construed to render inapplicable the provisions of any law then in effect which apply to the storage, distribution, or use of such petroleum, petroleum products, or other materials vital to the national interest. (d) CONVENTIONAL MARKETS NOT TO B E DISPLACED BY BARTERS.—

The President shall take steps to ensure that, in making any barter described in subsection (a) or (b)(l) or any purchase authorized by subsection Ok)X2), existing export markets for agricultural commodities operating on conventional business terms are safeguarded from displacement by the barter described in subsection (a), (b)(l), or (b)(2), as the case may be. In addition, the President shall ensure that any such barter is consistent with the international obligations of the United States, including the Gteneral Agreement on Tariffs and Trade. (e) REPORT TO THE CONGRESS.—The Secretary of Energy shall report to the Congress on the effect on energy security and on domestic energy supplies of any action taken under this section which results in the acquisition by the Government of petroleum or petroleum products. Such report shall be submitted to the Congreiss not later than 90 days after such acquisition.

President of U.S.

61 Stat. A3.

TITLE III—NUCLEAR AGREEMENTS FOR COOPERATION SEC. 30L AGREEMENTS FOR COOPERATION. (a) NOTIFICATION OF AND CONSULTATION WITH THE CONGRESS;

HEARINGS.—Section 123 of the Atomic Energy Act of 1954 (42 U.S.C. 2153) is amended— (1) in subsection a. by inserting after "Assessment Statement" the following: "(A) which shall analyze the consistency of the text of the proposed agreement for cooperation with all the requirements of this Act, with specific attention to whether the proposed agreement is consistent with each of the criteria set forth in this subsection, and (B)"; (2) in subsection b. by inserting before "the President" the following: "the President has submitted text of the proposed agreement for cooperation, together with the accompanying unclassified Nuclear Proliferation Assessment Statement, to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives, the President has consulted with such Committees for a period of not less than thirty days of continuous session (as defined in section 130 g. of this Act) concerning the consistency of the terms of the proposed agreement with all the requirements of this Act, and"; and

Post, p. 160.

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