Export Administration Act Amendments

[AI summary unavailable — showing source text] Export Administration Act Amendments - Provides for the use of export controls as a retalitory measure against any nation or group of nations unreasonably restricting United States access to their supply of a particular commodity. States that it is the policy of the United States to attempt to relieve worldwide shortages of particular commodities through international cooperation rather than by taking unilateral actions. States that the Secretary of Commerce shall undertake an investigation to determine which materials or commodities shall be subject to import controls because of the present or prospective domestic inflationary impact or short supply of such material or commodity in the absence of any such export control. Authorizes the Secretary of Commerce to appoint a technical advisory committee consisting of representatives from private industry and government to evaluate domestic production facilities and technology where the possibility of imposition of export controls for such industry exists. Provides petition procedures for short supply export controls and monitoring for hardship relief from export controls by any representative of a substantial segment of an industry sub…