Department of Commerce and International Trade Organization Act

Summary

Department of Commerce and International Trade Organization Act - Title I: Findings and Purposes - Enumerates the following functions of the Department of Commerce: (1) the promotion of U.S. exports; (2) the analysis of information on commercial trends; (3) the provision of trade opportunities for U.S. businesses; (4) the coordination of Government programs having impact on international trade; (5) the administration of export controls; (6) the dissemination of information on imports; and (7) the assurance of adequate supplies of materials critical to national security or the nation's economy. Vests in the Special Representative for Trade Negotiations the functions of directing trade negotiations, coordinating U.S. trade law and policy, implementing trade agreements, and monitoring international energy negotiations. Title II: Reorganization of International Trade Functions - Redesignates the Department of Commerce as the Department of Commerce and International Trade. Provides for the appointment within such Department of an Under Secretary for International Trade and an Under Secretary for Domestic Commerce. Redesignates the Secretary of Commerce as the Secretary of Commerce and International Trade. Directs the Secretary to: (1) oversee the collection and dissemination of information concerning domestic and international trade; (2) conduct a joint study with specified Federal agencies gathering information on international trade; and (3) consult and cooperate with State and local governments. Transfers to the Secretary specified functions of: (1) the Department of State; (2) the Department of the Treasury; (3) the Office of the Special Representative for Trade Negotiations; (4) the International Trade Commission; (5) the Secretary of Labor; and (6) the Secretary of the Interior. Transfers to and establishes within the Department: (1) the Export-Import Bank; (2) the Overseas Private Investment Corporation; and (3) the International Trade Commission. Transfers specified State Department functions to the Special Representative for Trade Negotiations. Title III: Miscellaneous Provisions - Sets forth administrative provisions concerning the appointment and transfer of personnel and the reorganization of the Department. Requires the Director of the Office of Management and Budget to do that which is necessary to carry out this Act. Requires the Secretary to report annually to the President for submission to Congress concerning the Department's activities. Authorizes appropriations as necessary to carry out the functions of this Act.

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1 official file

• Introduced in Senate

  summary · EN · 10 July 1979

  Open at official source

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