June 24, 1985

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, (50 U.S.C. App. 2061 et seq.), as amended by Public Law 98 - 265, and in order to provide for the performance of certain reporting functions with respect to the effect of offsets on international trade, it is hereby ordered that Section 602 of Executive Order No. 10480 of August 14, 1953, as amended, is further amended by adding the following new subsection:

"(d) (1) The functions conferred upon the President by Section 309 of the Defense Production Act, as amended, with respect to the preparation and submission of reports to the Congress concerning offsets shall be performed by the Director of the Office of Management and Budget (OMB). The Director may further delegate to the heads of Executive departments and agencies responsibility for preparing and submitting for his review particular sections of such reports. The heads of Executive departments and agencies shall, to the extent provided by law, provide the Director with such information as may be necessary for the effective performance of these functions.

"(2) In order to ensure that information gathered purusant to this authority shall be subject to appropriate confidentiality protections, the United States International Trade Commission, which previously has been designated a `central collection agency' in gathering this information under 44 U.S.C. 3509, is authorized, pursuant to Section 705 of the Defense Production Act, as amended, to collect the information required for compilation of the data base to be used in the preparation of the first such report to the Congress.''.

Ronald Reagan
The White House,
June 24, 1985.

[Filed with the Office of the Federal Register, 4:29 p.m., June 24, 1985]