Export Reorganization Act

[AI summary unavailable — showing source text] Export Reorganization Act - Declares it to be the sense of Congress that it is in the interest of the economy and effectiveness of the executive branch, and in the interest of the effectiveness of congressional oversight, to reorganize and centralize certain export licensing functions of the Government in a single agency to which all persons and commercial interests seeking to engage in foreign commerce can apply. States that the licensing of nonmilitary nuclear facilities, material, and technology for export should be made contingent upon a determination that safeguards against theft, diversion and sabotage in recipient nations are at least substantially comparable to the safeguards which are required to obtain a commercial nuclear license in the United States. Transfers to the Secretary of Commerce (1) functions presently performed by the Secretary of State as relate to the approval for export of arms, ammunition, and implements of war; (2) functions of the Secretary of the Treasury under the Trading with the Enemy Act; (3) functions of the Nuclear Regulatory Commission as relate to the issuance of export licenses for atomic energy facilities or materials; and (4) functions of th…