DEPARTMENT OF STATE ISSUES PROPOSED RULE: INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR): PART 130 CHANGES TO REDUCE REPORTING BURDEN

WASHINGTON, June 15 -- Department Of State has issued a proposed rule called: International Traffic in Arms Regulations (ITAR): Part 130 Changes To Reduce Reporting Burden.

The proposed rule was published in the Federal Register on June 15 by Thomas G. DiNanno, Under Secretary, Arms Control and International Security, Department of State.

Summary: In support of the policy directed in Executive Order 14268 to reduce rules and regulations involved in the development, execution, and monitoring of foreign defense sales and of arms transfer cases, the Department of State proposes to amend the International Traffic in Arms Regulations (ITAR) to modernize and streamline reporting on certain political contributions and fees or commissions.

For m...