H.R.14561 - A bill to authorize the provision of assistance to foreign countries in exchange for strategic or critical raw materials.93rd Congress (1973-1974)
|Sponsor:||Rep. Miller, Clarence E. [R-OH-10] (Introduced 05/02/1974)|
|Committees:||House - Foreign Affairs|
|Latest Action:||05/02/1974 Referred to House Committee on Foreign Affairs. (All Actions)|
This bill has the status Introduced
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Summary: H.R.14561 — 93rd Congress (1973-1974)All Bill Information (Except Text)
Introduced in House (05/02/1974)
Provides, under the Foreign Assistance Act of 1961, that whenever the President deems it to be in the national interest, he shall endeavor to insure that, to the maximum extent practicable, such assistance shall be furnished only pursuant to agreements which provide for the exchange of necessary strategic or critical raw materials for such assistance.
Defines the term "necessary strategic or critical raw materials" to include petroleum, fossil fuels, metals, minerals, or other substances which: (1) are in short supply in the United States or (2) the United States requirements of which are not produced in the United States.