Title 22 — Foreign Relations and IntercourseRelease 119-73

§2686 Review of world-wide supply, demand, and price of basic raw and processed materials

Title 22 › Chapter CHAPTER 38— - DEPARTMENT OF STATE › § 2686

Last updated Apr 6, 2026|Official source

Summary

Congress says the Secretary of State should create a bureau in the State Department to continuously monitor worldwide supply, demand, and prices of basic raw and processed materials (including agricultural). It must also track how U.S. policies (including tax policy) create or ease shortages. The bureau should gather country- and region-level supply, price, and trade forecasts; detect unusual trade patterns; list short-supply items with estimated shortages; and monitor global geologic, geophysical, and political factors and other information the Secretary needs.

Full Legal Text

Title 22, §2686

Foreign Relations and Intercourse — Source: USLM XML via OLRC

It is the sense of the Congress that the Secretary of State should, and he is authorized to, establish within the Department of State a bureau which shall be responsible for continuously reviewing (1) the supply, demand, and price, throughout the world, of basic raw and processed materials (including agricultural commodities), and (2) the effect of United States Government programs and policies (including tax policy) in creating or alleviating, or assisting in creating or alleviating, shortages of such materials. In conducting such review, the bureau should obtain information with respect to—

(A)the supply, demand, and price of each such material in each major importing, exporting, and producing country and region of the world in order to understand long-term and short-term trends in the supply, demand, and price of such materials;

(B)projected imports and exports of such materials on a country-by-country basis;

(C)unusual patterns or changes in connection with the purchase or sale of such materials;

(D)a list of such materials in short supply and an estimate of the amount of shortage;

(E)international geological, geophysical, and political conditions which may affect the supply of such materials; and

(F)other matters that the Secretary considers appropriate in carrying out this section.

Reference

Citations & Metadata

Citation

22 U.S.C. § 2686

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73