[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1474 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1474

    To restore equal treatment of foreign military sales and direct 
           commercial sales in nonrecurring cost recoupment.


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                   IN THE SENATE OF THE UNITED STATES

           September 20 (legislative day, September 7), 1993

  Mr. Pell (by request) introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
    To restore equal treatment of foreign military sales and direct 
           commercial sales in nonrecurring cost recoupment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESTORATION OF EQUAL TREATMENT OF FOREIGN MILITARY SALES AND 
              DIRECT COMMERCIAL SALES IN NONRECURRING COST RECOUPMENT.

    (a) Elimination of the Requirement for Recoupment of Nonrecurring 
Cost Charges.--Section 21(e) of the Arms Export Control Act (22 U.S.C. 
2761(e)) is amended--
            (1) by repealing subparagraph (1)(B);
            (2) by adding at the end of subparagraph (1)(A) ``and'';
            (3) by redesignating subparagraph (1)(C) as subparagraph 
        (1)(B);
            (4) by repealing paragraph (2); and
            (5) by redesignating paragraph (3) as paragraph (2).
    (b) Effective Date.--The provisions of subsection (a) of this 
section shall be effective for letters of offer for the sale of defense 
articles or for the sale of defense services issued pursuant to the 
Arms Export Control Act upon enactment of this Act.

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