Export trading company act. Export Trading Company 2018-12-23

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Summary of S. 734 (97th): Export Trading Company Act of 1982

export trading company act

Export trade promotion duties of Secretary of Commerce 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. The Secretary, with the concurrence of the Attorney General, shall notify the applicant of the determination upon reconsideration within thirty days of receipt of the request. Numerous countries have eliminated such exemptions over the last decade. Failure to comply with such request shall be grounds for revocation of the certificate under paragraph 2. Export Promotion: Implementation of the Export Trading Company Act of 1982.

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Int Marketing Ch 15 Flashcards

export trading company act

This paper discusses the key reasons for the lack lustre performance of domestic firms in international trade, in general; identifies the key factors peculiar to smaller firms which contribute to the reluctance of such firms to engage in international trade and use export trading companies for launching exporting programmes; and offers some suggestions for overcoming these problems. Limits the aggregate acceptances growing out of domestic transactions to not more than 50 percent of the aggregate of all acceptances. 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. Anyone who hopes to master the skills of exporting cannot fail to be interested in the extraordinary record of the Japanese trading companies, and in the echo of that record produced by their imitators in Korea. The office shall establish a program to encourage and assist the operation of other export intermediaries, including existing and newly formed export management companies.


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Export Trading Company Act of 1982 (1982; 97th Congress S. 734)

export trading company act

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. In furtherance of such purpose, the Congress intends that, in implementing its authority under section 4 c 14 of the Bank Holding Company Act of 1956, the Board of Governors of the Federal Reserve System should pursue regulatory policies that-- 1 provide for the establishment of export trading companies with powers sufficiently broad to enable them to compete with similar foreign-owned institutions in the United States and abroad; 2 afford to United States commerce, industry, and agriculture, especially small-and medium-size firms, a means of exporting at all times; 3 foster the participation by regional and smaller banks in the development of export trading companies; and 4 facilitate the formation of joint venture export trading companies between bank holding companies and nonbank firms that provide for the efficient combination of complementary trade and financing services designed to create export trading companies that can handle all of an exporting company's needs. How to cite this information. See Effective Date of 1996 Amendment note below and 2006 Amendment note above. Prohibits a criminal or civil antitrust suit which is based on conduct specified in and complying with a certificate of review.

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Export Trading Company Act financial definition of Export Trading Company Act

export trading company act

By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. Declares that certificates obtained by fraud are void. Nothing in paragraph 2 authorizes a section 2 h 2 to engage in or or hold more than 5 percent of the outstanding shares of any class of voting securities of aengaged in any banking, securities, insurance, or other , as defined by the in the United This paragraph does not prohibit a section 2 h 2 from holding shares that were lawfully acquired before August 10, 1987. Disclosure of information a Exemption Information submitted by any person in connection with the issuance, amendment, or revocation of a certificate of review shall be exempt from disclosure under section 552 of title 5. Directs the Export-Import Bank of the United States to provide loan guarantees for expansion to export trading companies or exporters when adequate financing is not otherwise available. 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.

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Export Trading Company Act financial definition of Export Trading Company Act

export trading company act

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. Lists specific exemptions to such prohibition. I and J , which related to theFiduciary Trust located in Kansas City, Missouri, and certain savingsas defined by , respectively. Section 25 of the Reserve Act, referred to in subsec. Themay, by regulation, further define the term to the extent necessary to prevent evasion of the purposes of this chapter. The magnitude of United States trading deficits in recent years influenced Congress to pass the Export Trading Company Act in 1982.


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Summary of S. 734 (97th): Export Trading Company Act of 1982

export trading company act

We love educating Americans about how their government works too! 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. Effective Date of 2006 Amendment Amendment by effective Mar. This may include warehousing, shipping, insuring and billing on behalf of the client. The goal of this legislation was to promote U. 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.


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Export Trading Company Act of 1982 Including the Foreign Trade Antitrust Improvement Act (Pub. L. No. 97

export trading company act

Amends the Federal Trade Commission Act to provide that such Act shall not prohibit unfair methods of competition involving commerce, other than import commerce, with foreign nations unless such methods have a direct, substantial, and reasonably foreseeable effect on domestic or import commerce or on the export commerce of a domestic person. Theis authorized upon application by ato extend, from time to time for not more than one year at a time, the two-year period referred to herein for disposing of any shares acquired by ain the regular course of securing or collecting a debt previously contracted in good faith, if, in thes judgment, such an extension would not be detrimental to the public interest, but no such extension shall in the aggregate exceed three years. Makes failure to comply with such request grounds for revoking the certificate. Please help us make GovTrack better address the needs of educators by joining our advisory group. 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. And what are their likely prospects for the future? Requires the certificate to specify: 1 the export trade, export trade activities, and methods of operation to which the certificate applies; 2 the person to whom the certificate is issued; and 3 any conditions necessary to assure compliance with the standards for issuance.

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Levenstein: Economic Impact of the U.S. Export Trading Company Act

export trading company act

Office of Export Trade in Department of Commerce The Secretary of Commerce shall establish within the Department of Commerce an office to promote and encourage to the greatest extent feasible the formation of export trade associations and export trading companies. In any administrative or judicial proceeding under this chapter, other than a proceeding under paragraph 2 C of , amay not be held to have hadover any given orat any given time unless that at the time in question, directly or indirectly owned, controlled, or had power to vote 5 per centum or more of any class of voting securities of the or or had already been found to havein a proceeding under paragraph 2 C. Authorizes the Secretary to issue guidelines: 1 describing types of conduct with respect to which the Secretary, with the concurrence of the Attorney General, has made or would make determinations on the issuance, amendment, or revocation of a certificate; and 2 summarizing the bases for the determinations. Requires a person requesting a certificate to submit to the Secretary an application which specifies conduct limited to export trade and which is in the proper form. Every person to whom a certificate of review is issued shall submit to the Secretary an annual report, in such a form and at such time as the Secretary may require, that updates where necessary the information required by section 302 a. The Secretary, with the concurrence of the Attorney General, shall notify the applicant of the determination upon reconsideration within thirty days of receipt of the request.

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Summary of S. 734 (97th): Export Trading Company Act of 1982

export trading company act

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. Provides for returning all application documents if an application is denied. The House must also approve the conference report. Permits Edge Act corporations which are subsidiaries of bank holding companies or agreement corporations which are subsidiaries of bank holding companies to invest, to a limited extent, in export trading companies. Within the context, many have questioned the longstanding practice in which countries provide exemptions from national antitrust laws to firms engaged in joint export activities. This legislation was designed to expedite greater involvement of domestic firms in international trade by encouraging the formation of export trading companies through related anti-trust and banking regulations. 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.

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