Sunday, September 1, 1985
Volume:
1
Issue:
1
Abstract:
After substantial debate, more than two years of controversy and intense lobbying by affected parties, Congress finally agreed on a compromise position to revive the Export Administration Act for another four years. While the end product of all these deliberations and activities has the welcome effect of putting emergency control measures to rest for a limited amount of time, the Act has serious shortcomings. As has been noted frequently, the Act is not stand for a turnaround in terms of accomodating the interests of the export oriented U.S. industry nor does it really assuage the concerns of Western trading nations in their relationship to the U.S.