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United States · Bill · S

S. 812 (99th)

Financial Export Control Act

openUnited States· United States Congress· EN

Introduced

28 March 1985

Last action

4 December 1985 · Committee

Status

Committee on Banking. Hearings concluded. Hearings printed: S.Hrg. 99-428.

Sponsors

Sen. Garn, E. J. (Jake) [R-UT], Sen. Proxmire, William [D-WI], Sen. Symms, Steven D. [R-ID], Sen. Hecht, Chic [R-NV], Sen. D'Amato, Alfonse [R-NY], Sen. Mattingly, Mack [R-GA], Sen. Bumpers, Dale [D-AR], Sen. Denton, Jeremiah [R-AL], Sen. Thurmond, Strom [R-SC], Sen. Nickles, Don [R-OK], Sen. Helms, Jesse [R-NC], Rep. Broyhill, James T. [R-NC-10], Sen. Roth Jr., William V. [R-DE]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Financial Export Control Act - Amends the Export Administration Act of 1979 to declare it is U.S. policy to use export controls to restrict the export of capital, the extension of credit, or the transfer of financial resources to countries subject to national security export controls. Authorizes the President to restrict the export or transfer of money or other financial assets to the government of a country subject to national security export controls. Provides for negotiations with other countries to obtain their cooperation with such export controls on capital. Requires export license applications for the export of capital to be submitted to the Secretary of the Treasury who shall make all determinations with respect to such application. Requires the annual report on the administration of the Export Administration Act of 1979 to include a report on actions taken to carry out export controls on capital.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 March 1985

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 28 March 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 26 September 1985

    Committee

    Committee on Banking. Hearings held.

    Source: Committee

  4. 4 December 1985

    Committee

    Committee on Banking. Hearings concluded. Hearings printed: S.Hrg. 99-428.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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