Export Trading Company Act of 1979

[AI summary unavailable — showing source text] Export Trading Company Act of 1979 - Title I: Establishment of Export Trading Companies - Sets forth the procedure for the licensing of export trading companies. Prohibits licensing any such company if: (1) a foreign entity owns stock in such company; (2) any person owns more than 20 percent of the stock of such company and does not submit a divestiture plan; or (3) such company engages in manufacturing directly or indirectly as a member of a controlled group of corporations. Gives the Secretary of Commerce exclusive jurisdiction to determine whether such company meets the terms and conditions of its license. Sets forth the procedures to be followed and the remedies for violations. Makes licensed export trading companies eligible for loans and guarantees from the Export-Import Bank of the United States, the Small Business Administration, and the Economic Development Administration, to meet export-related operating expenses. Authorizes the Export-Import Bank to provide loan guarantees to such companies. Permits banks and bank holding companies to purchase a portion of the equity securities of licensed export trading companies. Exempts licensed export trading companies from the antit…