Commercial Barter Exchange Self-Regulation Act of 1985

[AI summary unavailable — showing source text] Commercial Barter Exchange Self-Regulation Act of 1985 - Title I: Licensed Barter Exchanges - Part A: Licensing Procedure - Requires barter exchanges to be licensed by the Secretary of Commerce (the Secretary). Sets forth information to be included in a license application filed with the Secretary. Requires the Secretary or a designated registered national barter association to investigate the qualifications of an applicant and, within 90 days of submission of the application, to: (1) grant a license; or (2) institute proceedings to allow the applicant to show why the license should not be denied. Provides for withdrawal, cancellation, or suspension of a barter exchange license. Part B: Licensing Standards and Enforcement - Sets forth the circumstances which would require the Secretary to take action against a barter exchange or a person associated with a barter exchange, including: (1) submission by the exchange to the Secretary of false or misleading information; (2) conviction of a felony within the ten years preceding the submission of the application; and (3) violations of this Act. Sets forth provisions governing barter exchange operation and training standards, rules and reg…