7 USC 5712 - Export reporting and contract sanctity

U.S Code last checked for updates: Nov 24, 2024

§ 5712.

Export reporting and contract sanctity

(a)

Export sales reports

(1)

In general

All exporters of wheat and wheat flour, feed grains, oil seeds, cotton, pork, beef, and products thereof, and other commodities that the Secretary may designate produced in the United States shall report to the Secretary of Agriculture, on a weekly basis, the following information regarding any contract for export sales entered into or subsequently modified in any manner during the reporting period:

(A)

type, class, and quantity of the commodity sought to be exported;

(B)

the marketing year of shipment; and

(C)

destination, if known.

(2)

Confidentiality and compilation of reports

(3)

Immediate reporting

(4)

Monthly reporting permitted

The Secretary may, with respect to any commodity or type or class thereof during any period in which the Secretary determines that—

(A)

there is a domestic supply of such commodity substantially in excess of the quantity needed to meet domestic requirements,

(B)

total supplies of such commodity in the exporting countries are estimated to be in surplus,

(C)

anticipated exports will not result in excessive drain on domestic supplies, and

(D)

to require the reports to be made will unduly hamper export sales,

provide for such reports by exporters and publishing of such data to be on a monthly basis rather than on a weekly basis.

(b)

Failure to report

(c)

Contract sanctity

Notwithstanding any other provision of law, the President shall not prohibit or curtail the export of any agricultural commodity under an export sales contract—

(1)

that is entered into before the President announces an action that would otherwise prohibit or curtail the export of the commodity, and

(2)

the terms of which require delivery of the commodity within 270 days after the date of the suspension of trade is imposed,

except that the President may prohibit or curtail the export of any agricultural commodity during a period for which the President has declared a national emergency or for which the Congress has declared war.

(Pub. L. 95–501, title VI, § 602, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3688; amended Pub. L. 102–237, title III, § 327, Dec. 13, 1991, 105 Stat. 1858; Pub. L. 106–78, title IX, § 921, Oct. 22, 1999, 113 Stat. 1206; Pub. L. 111–239, § 2(c), Sept. 27, 2010, 124 Stat. 2502.)

cite as: 7 USC 5712