EXEMPTION OF FOREIGN-OWNED RESERVES FROM

EXPORT CONTROLS

HEARING

BEFORE THE

SUBCOMMITTEE ON

FOREIGN AGRICULTURAL POLICY

OF THE

COMMITTEE ON

AGRICULTURE AND FORESTRY
UNITED STATES SENATE

NINETY-FOURTH CONGRESS

FIRST SESSION

ON

S. 1354

A BILL TO ASSURE FOREIGN COUNTRIES THAT RESERVE
STOCKS OF AGRICULTURAL COMMODITIES STORED IN THE
UNITED STATES UNDER CERTAIN CONDITIONS SHALL NOT
BE SUBJECT TO EXPORT CONTROLS, AND

S. 1788

A BILL TO FACILITATE THE SALE OF U.S. AGRICULTURAL
COMMODITIES TO BE STORED IN THE UNITED STATES NOT
SUBJECT TO EXPORT CONTROL AND RESTRICTED FROM

RESALE INTO THE U.S. MARKETS LAW LU

MAY 22, 1975

Printed for the use of the

DOCUMEN

SEP 19 1:15

Committee on Agriculture and Forestry RSITY

54-496

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1975

CONTENTS

Statement of—

Bell, Richard E., Deputy Assistant Secretary for International
Affairs and Commodity Programs, U.S. Department of Agri-
culture..

Bentsen, Hon. Lloyd, a U.S. Senator from the State of Texas-
Dole, Hon. Robert, a U.S. Senator from the State of Kansas-
Johnson, Donald E., Deputy Assistant Secretary for Domestic and
International Business, U.S. Department of Commerce..

Milligan, Robert S., Director, Office of Policy Development, U.S.

Department of Commerce.

Schwensen, Carl F., executive assistant, National Association of

Wheat Growers _

Shanklin, George S., Assistant Administrator, Commercial Export

Program, Foreign Agricultural Service, U.S. Department of

Agriculture.

Stitt, Nelson A., director, United States-Japan Trade Council.

Miscellaneous documents:

S. 1354_...

Staff explanation of S. 1354.

Floor statement by Senator Bentsen, regarding S. 1788, May 20, 1975.

S. 1788

Total off-farm stocks compared with total off-farm storage capacity-

grains and oilseeds..

(III)