Page:United States Statutes at Large Volume 102 Part 2.djvu/460

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 1464

PUBLIC LAW 100-418—AUG. 23, 1988

(13) the President of the Overseas Private Investment Corporation; and (14) such other members as may be appointed by the

President from full-time officers or employees of the Federal

Government. (c) C^HAiRBCAN.—The Secretary of Commerce shall be Chairman of the (}onmiittee. (d) DESIGNEES.—Any member of the Committee may appoint a designee to serve in place of such member on the (Dommittee. 15 USC 4903.

SEC 5403. FUNCTIONS OF THE COMMITTEE.

The Committee shall advise the Secretary of Commerce, as appropriate, on the establishment, structure, contents, and operation of a National Trade Data Bank in accordance with section 5406 in order to assure the timely collection of accurate data and to provide the private sector and government officials efficient access to economic and trade data collected by the Federal (government for purposes of policymaking and export promotion. 15 USC 4904.

SEC 5404. CONSULTATION WITH THE PRIVATE SECTOR AND GOVERNMENT OFFICIALS.

The Secretary shall r^ularly consult with representatives of the private sector and officiads of State and local governments to assess the adequacy of United States trade information. The Secretary shall seek reconmiendations on how trade information can be made more accessible, understandable, and relevant. The Secretary shall seek recommendations as to what data should be included in the export promotion data system in the Data Bank. 15 USC 4905.

SEC 5405. COOPERATION AMONG EXECUTIVE AGENCIES.

Each, executive agency shall furnish to the Secretary such information for inclusion in the National Trade Data Bank as the Secretary, in consultation with the Advisory dbnmiittee, considers necessary to the operation of the Data Bank. 15 USC 4906.

Classified

information.

SEC 5406. ESTABLISHMENT OF THE DATA BANK.

(a) ESTABLISHMENT.—Within 2 years after the date of the enactment of this Act, the Secretary of Commerce shall establish the Data Bank. The Secretary shall manage the Data Bank. The Data Bank shall consist of two data systems, to be designated the International Economic Data System, as described in subsection (b) and the Export Promotion Data System, as described in subsection (c). (b) INTERNATIONAL ECONOMIC DATA SYSTEM.—The International EoDnomic Data System shall include current and historical information determined by the Secretary to be useful (after the consultation required by section 5404) to policymakers and analysts concerned with international economics and trade and which shall include data compile or obtained by appropriate executive agencies. Such information shall not identify parties to transactions. Such information may include data for the United States and countries with which the United States has important economic relations including— (1) data on imports and exports, including— (A) aggregate import and export data for the United States and for each foreign country; (B) industry-specific import and export data for each foreign country;