Sec. 1248. MULTILATERAL STRATEGY TO ADDRESS OFFSETS

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## SEC. 1248 MULTILATERAL STRATEGY TO ADDRESS OFFSETS ###

(a)In General The President shall initiate a review to determine the feasibility of establishing, and the most effective means of negotiating, a multilateral treaty on standards for the use of offsets in international defense trade, with a goal of limiting all offset transactions that are considered injurious to the economy of the United States. ###

(b)Report Required Not later than 90 days after the date on which the Commission submits the report required under section 1247(d), the President shall submit to the appropriate congressional committees a report containing the President's determination pursuant to subsection (a), and, if the President determines a multilateral treaty is feasible or desirable, a strategy for United States negotiation of such a treaty. One year after the date the report is submitted under the preceding sentence, and annually thereafter for 5 years, the President shall submit to the appropriate congressional committees a report detailing the progress toward reaching such a treaty. ###

(c)Required Information The report required by subsection

(b)shall include— ####

(1)a description of the United States efforts to pursue multilateral negotiations on standards for the use of offsets in international defense trade; ####

(2)an evaluation of existing multilateral fora as appropriate venues for establishing such negotiations; ####

(3)a description on a country-by-country basis of any United States efforts to engage in negotiations to establish bilateral treaties or agreements with respect to the use of offsets in international defense trade; and ####

(4)an evaluation on a country-by-country basis of any foreign government efforts to address the use of offsets in international defense trade. ###

(d)Comptroller General Review The Comptroller General of the United States shall monitor and periodically report to Congress on the progress in reaching a multilateral treaty. ## Subtitle E Automated Export System Relating to Export Information