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Business/Financial

Admin’s Export-Control Bill Imminent

Julie Samuel

Tuesday, July 26th, 2011

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The Obama administration is poised to propose legislation that would create a new export-control licensing entity, a senior official said yesterday. The draft bill, if approved by Congress, would bring about the third and final aspect of the export-control reforms President Barack Obama set in motion in August 2009. Michael Froman, deputy assistant to the president and deputy national security adviser for international economic affairs, said yesterday in Washington that the draft legislation is “nearly ready to go.” No concrete…

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