A bill to encourage exports by facilitating the formation and operation of export trading companies and export trade associations, and for other purposes.

[AI summary unavailable — showing source text] Title I: Export Trading Companies - Export Trading Company Act of 1981 - Directs the Secretary of Commerce to promote export trading companies by providing information and by facilitating contacts between producers of exportable goods and export trading companies. Authorizes any banking organization to invest specified amounts in export trading companies upon notifying, but without obtaining the prior approval of, the Board of Governors of the Federal Reserve System (the Board), if such investment does not cause an export trading company to become a subsidiary of such organization. Allows greater investment by Edge Act Corporations not engaged in banking. Permits any banking organization to invest beyond such limitations with prior approval of the Board. Requires prior notification of the Board in specified circumstances. Sets forth further limitations on export trading companies and investments by banking organizations. Specifies factors to be taken into consideration by the Board. Permits the Board to impose conditions in approving applications to invest in export trading companies. Requires the Board to report to the appropriate Congressional committees with its recommendations …