This page is sourced primarily from , the official portal of the United States Congress. Guidelines a Issuance; content To promote greater certainty regarding the application of the antitrust laws to export trade, the Secretary, with the concurrence of the Attorney General, may issue guidelines - 1 describing specific types of conduct with respect to which the Secretary, with the concurrence of the Attorney General, has made or would make, determinations under sections 4013 and 4014 of this title, and 2 summarizing the factual and legal bases in support of the determinations. The certificate of review shall specify -- 1 the export trade, export trade activities, and methods of operation to which the certificate applies, 2 the persons to whom the certificate of review is issued, and 3 any terms and conditions the Secretary or the Attorney General deems necessary to assure compliance with the standards of subsection a c If the applicant indicates a special need for prompt disposition, the Secretary and the Attorney General may expedite action on the application, except that no certificate of review may be issued within thirty days of publication of notice in the Federal Register under section 302 b 1. This article discusses the antitrust aspects of the Act, including its legislative history and prior case law. Requires the Federal Reserve Board to report to specified congressional committees within two years of enactment of this Act on: 1 the implementation of the banking provisions; 2 legislative changes needed to facilitate the financing of U. Annual reports Every person to whom a certificate of review is issued shall submit to the Secretary an annual report, in such form and at such time as the Secretary may require, that updates where necessary the information required by section 4012 a of this title. If the Secretary, with the concurrence of the Attorney General, determines that such standards are met, the Secretary shall issue to the applicant a certificate of review.
This bill was introduced in the 97 th Congress, which met from Jan 5, 1981 to Dec 23, 1982. This increased economic integration has required a corresponding commitment to policies that promote effective global competition. Application for issuance of certificate of review a Written form; limitation to export trade; compliance with regulations 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 4020 of this title. Prohibits the total amount of extensions of credit to an export trading company by a bank holding company which invests in an export trading company, when combined with all such extensions of credit by all the subsidiaries of such holding company, from exceeding ten percent of the holding company's consolidated capital and surplus. Amendment by effective no later than the first day of the first calendar quarter that begins after the end of the 90-day period beginning Feb. Authorization of appropriations There are authorized to be appropriated to the Department of Commerce to carry out export promotion programs such sums as are necessary for fiscal years 1995 and 1996. Exempts from disclosure under the Freedom of Information Act any information submitted by a person in connection with a certificate of review.
Authorizes the Attorney General, notwithstanding the general prohibition, to sue under the Clayton Act to enjoin conduct threatening clear and irreparable harm to the national interest. Limits the aggregate acceptances growing out of domestic transactions to not more than 50 percent of the aggregate of all acceptances. Please sign up for our advisory group to be a part of making GovTrack a better tool for what you do. Prohibits an export trading company from engaging in agricultural production activities or in manufacturing except for incidental product modification necessary to conform goods or services to foreign country requirements and to facilitate their sale in foreign countries. To promote and encourage export of trade, the Secretary may issue certificates of review and advise and assist any person with respect to applying for certificates of review. For Purposes of the preceding sentence, an extension of credit shall not be deemed to include any amount invested by a bank holding company in the shares of an export trading company.
No domestic banking or of a thata section 2 h 2 may offer or market products or services of such section 2 h 2 or permit its products or services to be offered or marketed by or through such section 2 h 2 unless such products or services were being so offered or marketed as of March 5, 1987, and then only in the same manner in which they were being offered or marketed as of that date. Guarantees provided under the authority of this section shall be subject to limitations contained in annual appropriations Acts. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. In addition, the President shall ensure that any such barter is consistent with the international obligations of the United States, including the General Agreement on Tariffs and Trade. Increases such limitation from one-half to 150 percent of the capital stock or, with the Federal Reserve Board's permission, twice the amount of the capital stock.
The seventh paragraph of section 13 of the Federal Reserve At 12 U. Please help us make GovTrack better address the needs of educators by joining our advisory group. Failure to comply with such request shall be grounds for revocation of the certificate under paragraph 2. The effective date of an amendment shall be the date on which the application for the amendment is submitted to the Secretary. The effective date of an amendment shall be the date on which the application for the amendment is submitted to the Secretary. Establishes a procedure for the review of proposed investments in export trading companies.
You are encouraged to reuse any material on this site. Limits the investments in such shares to not more than five percent of the bank holding company's consolidated capital and surplus. The office shall establish a program to encourage and assist the operation of other export intermediaries, including existing and newly formed export management companies. Reporting requirement; amendment of certificate; revocation a Report of changes in matters specified; application to amend; treatment as application for issuance 1 Any applicant who receives a certificate of review - A shall promptly report to the Secretary any change relevant to the matters specified in the certificate, and B may submit to the Secretary an application to amend the certificate to reflect the effect of the change on the conduct specified in the certificate. C 45 to the extent that section 5 applies to unfair methods of competition, and any States antitrust or unfair competition law.
Provides for returning all application documents if an application is denied. In the 60-day period beginning 30 days after the notice is given, the Secretary shall revoke the certificate or modify it as the Secretary or the Attorney General deems necessary to cause the certificate to apply only to the export trade, export trade activities, or methods of operation which are in compliance with the standards of section 303 a. Section 5 a of the Federal Trade Commission Act 15 U. . Effective Date of 2006 Amendment Amendment by effective Mar. Over the past fifteen years, countries around the world have embraced global markets. Would you like to join our advisory group to work with us on the future of GovTrack? Such office shall provide information and advice to interested persons and shall provide a referral service to facilitate contact between producers of exportable goods and services and firms offering export trade services.
A is available from Adobe Systems Incorporated. Essentially, this paper argues that the primary responsibility for failing to penetrate foreign markets more effectively lies with the small to medium-sized business sector of the economy and the export trading companies. Makes failure to comply with such request grounds for revoking the certificate. Section 25 of the Reserve Act, referred to in subsec. Provides for judicial review of the granting, denial, revocation, or modification of a certificate of review. The Senate approved the committee's report proposing the final form of the bill for consideration in both chambers.
If you can, please take a few minutes to help us improve GovTrack for users like you. I and J , which related to theFiduciary Trust located in Kansas City, Missouri, and certain savingsas defined by , respectively. If this Act applies to such conduct only because of the operation of paragraph 1 B , then this Act shall apply to such conduct only for injury to export business in the United States. Themay, by regulation, further define the term to the extent necessary to prevent evasion of the purposes of this chapter. Raises the ceiling on the aggregate amount of not-fully-secured acceptances which a member bank and any Federal or State branch or agency of a foreign bank can create with respect to the importation, exportation, or domestic shipment of goods.
No and noowning or controlling voting shares of a is a by virtue of its ownership orof shares in a fiduciary capacity, except as provided in paragraphs 2 and 3 of subsection g of For the purpose of the preceding sentence, shares shall not be deemed to have been acquired in a fiduciary capacity if the acquiring orhas sole discretionary authority to exercise voting rights with respect thereto; except that this limitation is applicable in the case of a oracquiring such shares prior to December 31, 1970, only if theorhas the right consistent with its obligations under the instrument, agreement, or other arrangement establishing the fiduciary relationship to divest itself of such voting rights and fails to exercise that right to divest within a reasonable period not to exceed one year after December 31, 1970. An export trading company is an independent company that provides support services for firms engaged in exporting. Permits an applicant to request the Secretary to reconsider a denied application. In the 60-day period beginning 30 days after the notice is given, the Secretary shall revoke the certificate or modify it as the Secretary or the Attorney General deems necessary to cause the certificate to apply only to the export trade, export trade activities, or methods of operation which are in compliance with the standards of section 4013 a of this title. Hearings before the Committee on Banking, Housing and Urban Affairs: Subcommittee on International Finance, and Monetary policy.