National Commission on the Use of Offsets in Defense Trade and President's Council on the Use of Offsets in Commercial Trade
Headline: Creates Commission and Council to Study Offsets in Trade
What it does: Federal agencies must provide information while the Department of Defense must fund and administer a commission and council to study offsets and report within 12 months.
- Requires federal agencies to share information with the council.
- Department of Defense will provide funding and administrative support.
- Commission must issue a public report within twelve months.
Summary
This order establishes a National Commission on the Use of Offsets in Defense Trade and a President's Council on the Use of Offsets in Commercial Trade to study how offsets are used in international contracts.
The groups will review foreign offset practices, effects on subcontractors and other industry sectors, impacts on U.S. competitiveness and national security, and propose measures to reduce harmful effects. They must report within twelve months. The Department of Defense will provide funding and administrative support, and executive departments must provide information to the council as allowed by law.
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