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DOC/BIS

RIN: 0694-AE40

Publication ID: Fall 2008

Title: ●Reporting on Offset Agreements in Sales of Weapons Systems or Defense-Related Items to Foreign Countries or Foreign Firms
Abstract: The Defense Production Act Amendments of 1992 require the Secretary of Commerce to promulgate regulations for U.S. firms entering into contracts for the sale of defense articles or defense services to foreign countries or foreign firms that are subject to offset agreements exceeding $5,000,000 in value to furnish information regarding such agreements. The Secretary of Commerce has designated the Bureau of Industry and Security (BIS) as the organization responsible for implementing this provision. BIS is making technical corrections to these regulations found in 15 CFR 701. The information provided by U.S. firms is used to prepare a report that is submitted annually to Congress pursuant section 309 of the Defense Production Act of 1950, as amended.
Agency: Department of Commerce(DOC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 15 CFR 701
Legal Authority: 50 USC app 2099

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Final Rule	12/00/2008
Final Rule Effective	12/00/2008

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: William Arvin Policy Analyst Department of Commerce Bureau of Industry and Security HCHB Room 2096, 14th Street and Pennsylvania Avenue NW., Washington, DC 20230 Phone:202 482-2440 Fax:202 482-3355 Email: william.arvin@bis.doc.gov