HR 5061 · 96th Congress · Commerce

Export Promotion and Trade Association Act of 1979

Introduced 1979-08-01· Sponsored by Rep. Bingham, Jonathan B. [D-NY-22]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Foreign Affairs.(1979-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Export Promotion and Trade Association Act of 1979 - Directs the Secretary of Commerce to establish within the Department of Commerce an office to promote export trade associations. Exempts certified export trade associations from the antitrust laws, unless certain conditions exist. Authorizes Federal agencies only to enforce the provisions regarding such associations. Permits third parties to file petitions requesting enforcement action with the Secretary. Permits corporations to acquire the stock of any corporation organized solely for export trade purposes, unless such acquisition restrains trade or substantially lessens competition in the United States. Limits the prohibition against unfair methods of competition to domestic competitors engaged in export trade. Sets forth the procedure for obtaining certification as an organization engaged solely in export trade. Provides for appeal of the Secretary's denial of certification. Requires the Secretary, with the concurrence of the Attorney General and the Chairman of the Federal Trade Commission, to publish guidelines for determining whether an association will meet the certification requirements. Requires certified associations to…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican