[Federal Register Volume 66, Number 39 (Tuesday, February 27, 2001)]
[Notices]
[Pages 12498-12499]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-4708]


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DEPARTMENT OF COMMERCE

International Trade Administration


Export Trade Certificate of Review

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
83-00024.

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SUMMARY: The Secretary of Commerce issued an export trade certificate 
of review to U.S. Export & Trading Company. Because this certificate 
holder has failed to file an annual report as required by law, the 
Secretary is revoking the certificate. This notice summarizes the 
notification letter sent to U.S. Export & Trading Company.

FOR FURTHER INFORMATION CONTACT: Vanessa Bachman, Acting Director, 
Office of Export Trading Company Affairs, International Trade 
Administration, 202/482-5131 (this is not a toll-free number) or at E-
mail at [email protected].

SUPPLEMENTARY INFORMATION: Title III of the Export Trading Company Act 
of 1982 (``the Act'') (Pub. L. No. 97-290, 15 U.S.C. 4011-21) 
authorizes the Secretary of Commerce to issue export trade certificates 
of review. The regulations implementing Title III (``the Regulations'') 
are found at 15 CFR part 325 (2000). Pursuant to this authority, a 
certificate of review was issued on December 23, 1983 to U.S. Export & 
Trading Company.
    A certificate holder is required by law to submit to the Department 
of Commerce annual reports that update financial and other information 
relating to business activities covered by its certificate (Section 308 
of the Act, 15 U.S.C. 4018, section 235.14(a) of the Regulations, 15 
CFR 325.14(a)). The annual report is due within 45 days after the 
anniversary date of the issuance of the certificate of review (Sections 
325.14(b) of the Regulations, 15 CFR 325.14(b)). Failure to submit a 
complete annual report may be the basis for revocation (Sections 
325.10(a) and 325.14(c) of the Regulations, 15 CFR 325.10(a)(3) and 
325.14(c)).
    On December 13, 1999, the Department of Commerce sent to U.S. 
Export & Trading Company a letter containing annual report questions 
with a reminder that its annual report was due on February 6, 2000. 
Additional reminders were sent on May 2, 2000 and on July 19, 2000. The 
Department has received no written response from U.S. Export & Trading 
Company to any of these letters.
    On November 17, 2000, and in accordance with section 325.10(c)(2) 
of the Regulations (15 CFR 325.10(c)(2)), the Department of Commerce 
sent a letter by certified mail to notify U.S. Export & Trading Company 
that the Department was formally initiating the process to revoke its 
certificate for failure to file an annual report. In

[[Page 12499]]

addition, a summary of this letter allowing U.S. Export & Trading 
Company thirty days to respond was published in the Federal Register 
(65 FR 77346) on December 11, 2000. Pursuant to section 325.10(c)(2) of 
the Regulations (15 CFR 325.10(c)(2)), the Department considers the 
failure of U.S. Export & Trading Company to respond to be an admission 
of the statements contained in the notification letter.
    The Department has determined to revoke the certificate issued to 
U.S. Export & Trading Company for its failure to file an annual report. 
The Department has sent a letter, dated February 21, 2001, to notify 
U.S. Export & Trading Company of its determination. The revocation is 
effective thirty (30) days from the date of publication of this notice. 
Any person aggrieved by this decision may appeal to an appropriate U.S. 
district court within 30 days from the date on which this notice is 
published in the Federal Register sections 325.10(c)(4) and 325.11 of 
the Regulations, 15 CFR 324.10(c)(4) and 325.11 of the Regulations, 15 
CFR 325.10(c)(4) and 325.11).

    Dated: February 21, 2001.
Vanessa Bachman,
Acting Director, Office of Export Trading Company Affairs.
[FR Doc. 01-4708 Filed 2-26-01; 8:45 am]
BILLING CODE 3510-DR-P