Page:United States Statutes at Large Volume 99 Part 2.djvu/380

 99 STAT. 1490 Loans.

PUBLIC L A W 99-198—DEC. 23, 1985

(2) If in the future the United States dollar gains in strength (a higher trade-weighted index), the buyer would continue to repay the loan at the lower value fixed at the time the GSM-102 credit was extended. (3) If the United States dollar falls in value during the term of the repayment period, the foreign buyer could calculate his repayment on the lower dollar value. (b) Not later than six months after the enactment of this Act, the Secretary shall report the results of such study to the Committee on Agriculture of the House of Representatives and to the Committee on Agriculture, Nutrition, and Forestry of the Senate. Subtitle C—Export Transportation of Agricultural Commodities FINDINGS AND DECLARATIONS

Defense and national 46^USC app I24ld.

SEC. 1141. (a) The Congress finds and declares— (1) that a productive and healthy agricultural industry and a strong and active United States maritime industry are vitally important to the economic well-being and national security objectives of our Nation; (2) that both industries must compete in international markets increasingly dominated by foreign trade barriers and the subsidization practices of foreign governments; and Vessels. (3) that increased agricultural exports and the utilization of United States merchant vessels contribute positively to the United States balance of trade and generate employment opportunities in the United States, (b) It is therefore declared to be the purpose and policy of the Congress in this subtitle— (1) to enable the Department of Agriculture to plan its export programs effectively, by clarifying the ocean transportation requirements applicable to such programs; (2) to take immediate and positive steps to promote the growth of the cargo carrying capacity of the United States ,^ merchant marine; (3) to expand international trade in United States agricultural commodities and products and to develop, maintain, and expand markets for United States agricultural exports; (4) to improve the efficiency of administration of both the commodity purchasing and selling and the ocean transportation activities associated with export programs sponsored by the Department of Agriculture; f (5) to stimulate and promote both the agricultural and marif time industries of the United States and encourage cooperative efforts by both industries to address their common problems; and 46 USC 1245 et (6) to provide in the Merchant Marine Act, 1936, for the seq. appropriate disposition of these findings and purposes. EXEMPTION OF CERTAIN AGRICULTURAL EXPORTS FROM THE REQUIREMENTS OF THE CARGO PREFERENCE LAWS

46 USC 1245 et SEC. 1142. The Merchant Marine Act, 1936, (46 U.S.C. 1101 et seq.) ««9is amended by inserting after section 901 the following: Prohibition. "SEC. 901a. The requirements of section 901(b)(l) of this Act and 46 USC 1241. the Joint Resolution of March 26, 1934 (46 U.S.C. App. 1241-1), shall 46 USC app. 1241e.

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