Sec. 4335. Brokering activities
251 words·~1 min read·
/bill/113/hr/1793/ih/section-4335·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As prescribed in regulations issued under this section, every person (other than an officer or employee of the United States Government acting in an official capacity) who engages in the business of brokering activities with respect to the manufacture, export, import, or transfer of any defense article or defense service designated by the President under section 4301, or in the business of brokering activities with respect to the manufacture, export, import, or transfer of any foreign defense article or defense service (as defined in subsection (c)), shall register with the United States Government agency charged with the administration of this section, and shall pay a registration fee which shall be prescribed by such regulations.
Such brokering activities shall include the financing, transportation, freight forwarding, or taking of any other action that facilitates the sale, manufacture, export, or import of a defense article or defense service. No person may engage in the business of brokering activities described in subsection
(a)without a license, issued in accordance with this title, except that no license shall be required for such activities undertaken by or for a Federal agency— for use by a Federal agency; or for carrying out any foreign assistance or sales program authorized by law and subject to the control of the President by other means. A copy of each registration made under this section shall be transmitted to the Secretary of the Treasury for review regarding law enforcement concerns. The Secretary shall report to the President regarding such concerns as necessary.