A bill to amend the Export Administration Act of 1969, to protect the domestic economy from the excessive drain of scarce materials and commodities and to reduce the serious inflationary impact of abnormal foreign demand.

[AI summary unavailable — showing source text] Provides, under the Export Administration Act, that the Secretary of Commerce shall undertake an investigation to determine which commodities shall be subject to export controls because of domestic inflationary impacts in the absence of any such controls. Permits representatives of an industry whose commodities are subject to export controls to request that an advisory committee evaluate such controls. Sets forth export limitations for calendar years 1973 and 1974 for softwood logs and lumber and unprocessed timber.…