99 STAT. 142
PUBLIC LAW 99-64—JULY 12, 1985 fishery product, shall not affect any contract to export entered into before the date on which such controls are imposed. For purposes of this subsection, the term 'contract to export' includes, but is not limited to, an export sales agreement and an agreement to invest in an enterprise which involves the export of goods or technology.". SEC. 111. LICENSING PROCEDURES.
(a) REDUCTION OF PROCESSING TIME.—Section 10 (50 U.S.C. App. 2409) is amended— (1) by striking out "60" each place it appears and inserting in lieu thereof "40"; (2) by striking out "90" each place it appears and inserting in lieu thereof "60"; and (3) by striking out "30" each place it appears and inserting in lieu thereof "20". (b) AMENDMENTS WITH REGARD TO EXPORTS TO C O C O M COUNTRIES.— (1) ACTION ON APPLICATIONS NOT REFERRED TO OTHER DEPART-
MENTS OR AGENCIES.—Section 10(c) is amended by striking out
"In each case" and inserting in lieu thereof "Except as provided in subsection (o), in each case". (2) REFERRALS TO OTHER DEPARTMENTS AND AGENCIES.—Section
10(d) is amended— (A) by striking out "In each case" and inserting in lieu thereof "Except in the case of exports described in subsection (o), in each case"; and (B) by adding at the end the following: "Notwithstanding the 10-day period set forth in subsection QaX in the case of exports described in subsection (o), in each case in which the Secretary determines that it is necessary to refer an application to any other department or agency for its information and recommendations, the Secretary shall, immediately upon receipt of the properly completed application, refer the application to such department or agency for its review. Such review shall be concurrent with that of the Department of Commerce.". (3) ACTION BY OTHER DEPARTMENTS AND AGENCIES.—Section
10(e) is amended— (A) in paragraph (1) by striking out the first sentence and inserting in lieu thereof the following: "Any department or agency to which an application is referred pursuant to subsection (d) shall submit to the Secretary the information or recommendations requested with respect to the application. The information or recommendations shall be submitted within 20 days after the department or agency receives the application or, in the case of exports described in subsection (o), before the expiration of the time periods permitted by that subsection."; and (B) in paragraph (2)— (i) by striking out "If the head" and inserting in lieu thereof "(A) Except in the case of exports described in subsection (o), if the head", and (ii) by adding at the end the following: "(B) In the case of exports described in subsection (o), if the head of any such department or agency notifies the Secretary, before the expiration of the 15-day period provided in subsection (o)(D, that more time is required for review by such department or agency, the
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