Word: exportability
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Hart has been able to tap a vein of idealism that is a permanent feature of the American political landscape but accessible only to an occasional candidate. "I haven't felt as excited about a campaign since Kennedy," says James H. Kean, 42, an export trader and retired Marine colonel from Mercer Island, Wash. "The neat thing about Hart's campaign is that it's mostly volunteers. It's that corny American democracy...
...Senate action follows a House vote last October that approved a different set of changes in the Export Administration Act. Congressional negotiators will meet in conference starting next week to reconcile the two bills...
...Senate put nothing about South Africa in its export bill and may be reluctant to approve such sweeping sanctions...
Both the House and Senate agreed to keep strict controls on the export to Communist countries of technology that could have military applications. Customs agents regularly seize illicit shipments of advanced computers and other electronic equipment bound for the Soviet Union. In some respects, the Senate bill is much tougher on the illegal trade than the House version. The Senate voted to give the President authority to ban imports from any foreign company found diverting sensitive American technology to Communist nations...
Corporate executives fear that the congressional actions could lead to tighter shackles on exports. Said Howard Lewis, assistant vice president of the National Association of Manufacturers: "Each time the Export Administration Act has been reauthorized, it has become more and more a grab bag of export disincentives. This is a worrisome trend when we are headed toward a $100 billion trade deficit this year." The Commerce Department underscored Lewis' point last week by announcing that in January alone, the U.S. merchandise trade deficit reached a record $9.47 billion...