Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§2686 Review of World-wide Supply, Demand, and Price of Basic Raw and Processed Materials

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

Last updated Apr 5, 2026|Official source

Summary

Congress says the Secretary of State may create a bureau in the State Department to monitor world supply, demand, and prices of raw and processed materials, including agricultural goods, and study how U.S. programs and tax policy cause or ease shortages. The bureau must collect country- and region-level trend data; trade projections; unusual buying or selling patterns; lists and estimates of shortages; geological, geophysical, and political factors that affect supply; and other matters the Secretary finds useful.

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 5, 2026

Release point: 119-73not60