Administration Knowledge of Economic Costs of Foreign Policy Export Controls

Pursuant to a congressional request, GAO examined the extent to which the administration complied with the criteria requiring it to: (1) consult with businesses affected by proposed foreign policy export controls; and (2) consider the economic impact of such controls during the process of imposing them. GAO also provided information on the issue of compensation for adverse economic effects and examined foreign policy controls imposed on: (1) oil and gas-related exports to the Soviet Union effective December 30, 1981, and June 22, 1982; and (2) exports to Libya effective October 28, 1981, and March 12, 1982, and the revision of existing controls on South Africa during 1981 through 1982.