HR 3872 · 99th Congress · Foreign Trade and International Finance

Trade Expansion Act

Introduced 1985-12-06· Sponsored by Rep. Armey, Richard K. [R-TX-26]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: For Further Action See H.R.4708.(1986-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] Trade Expansion Act - Title I: Export of Alaskan Oil - Exempts the export of Alaskan crude oil from the restrictions of the Export Administration Act of 1979, the Trans-Alaska Pipeline Authorization Act, the Energy Policy and Conservation Act, or any other law if such oil is transported in certain tankers. Title II: Business Information and Confidentiality Procedures - Business Information Confidentiality Procedures Act - Directs each Federal agency to promulgate regulations to provide procedures to protect the confidentiality of business information consisting of trade secrets and commercial or financial information. Establishes procedures under which a submitter of such information shall be: (1) notified of a decision allowing disclosure; (2) permitted to provide written objections; and (3) permitted to seek de novo judicial review of a decision to allow disclosure over such objections. Title III: Business Accounting and Foreign Trade Simplification - Business Accounting and Foreign Trade Simplification Act - Changes the name of the Foreign Corrupt Practices Act of 1977 (FCPA) to the Business Practices and Records Act. Amends the Securities Exchange Act of 1934 to require securit…

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

Cosponsors (8)

8 Republicans