International Trade and Investment Reorganization Act

Summary

International Trade and Investment Reorganization Act - Establishes the Department of International Trade and Investment to coordinate U.S. policies for international trade, negotiate trade agreements, protect U.S. industry, agriculture, and labor from foreign competition, promote international trade, administer the U.S. Customs Service, and participate in the development of friendly countries. Transfers to the Department all functions of the Office of the U.S. Trade Representative, the U.S. Customs Service, the Export-Import Bank, and the Overseas Private Investment Corporation (OPIC). Transfers to the Department specified functions of the Departments of Commerce and Treasury and the International Trade Commission. Sets forth the administrative provisions applicable to the Department. Requires the Secretary of International Trade and Investment to report annually to the President for submission to Congress concerning the Department's activities. Makes the Secretary Chairman of the Board of OPIC (currently the Administrator of the Agency for International Development) and of the Export-Import Bank (currently the Bank's President). Makes the Director of the U.S. International Development Cooperation Agency an ex officio member of the OPIC Board.

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1 official file

• Introduced in Senate

  summary · EN · 30 September 1980

  Open at official source

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