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COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES
(INTERNATIONAL TICKET TAX, TRAVEL EXPENDITURE
TAX, REDUCTION OF DUTY-FREE EXEMPTION FOR
FEBRUARY 5 AND 6, 1968
Printed for the use of the Committee on Ways and Means
Monday, February 5....
Tuesday, February 6...
Press release dated Friday, January 19, 1968, announcing public hearings
on administration balance-of-payments proposals - -
Press release dated Tuesday, February 6, 1968, announcing guidelines rel-
ative to testimony from the general public on the President's balance-of-
Excerpt from President's message of January 1, 1968..
STATEMENTS OF GOVERNMENT OFFICIALS
Commerce, Department of, Hon. Joseph W. Bartlett, Acting Director of
the Office of Foreign Direct Investment and General Counsel...
Trade Negotiations, Special Representative for, Ambassador William M.
Treasury, Department of:
Fowler, Hon. Henry H., Secretary..
Barr, Hon. Joseph W., Under Secretary...
Marks, Hon. Matthew J., Acting Assistant Secretary.
Surrey, Hon. Stanley S., Assistant Secretary..
-- 3, 285
3, 225, 285
Secretaries of Interior and Commerce announce decisions on imports of
petrochemical feedstocks_ _ _ _ .
MATERIAL SUBMITTED FOR THE RECORD
Bartlett, Hon. Joseph W., Acting Director of the Office of Foreign Direct
Investment and General Counsel, Department of Commerce:
Attorney General's views as to the legal authority for the foreign
direct investment program, letter dated February 3, 1968, to Hon.
Alexander B. Trowbridge, Secretary of Commerce.
Canada-United States automotive parts balance of payments.
Petroleum and petroleum products, modification in Presidential Proc-
lamation adjusting imports of..
Table I.-Direct investment capital transactions by major industry
group, 1964 to estimated 1967....
Table II.-Direct investment capital transactions of selected manu-
facturing industries, 1964 to estimated 1967.
Table III.-Performance under the voluntary program target for di-
rect investment capital transactions with developed countries.
Table IV.-Direct investment transactions adjusted to exclude items
not included in the foreign direct investment program base and com-
parison with voluntary program transactions...
Fowler, Hon. Henry H., Secretary, Treasury Department:
Balance of payments, statement by the President outlining a program
of action-January 1, 1968.--
Cost of enforcing travel tax and customs proposals..
Effectiveness of Federal Reserve program to restrain foreign lending
by financial institutions__
Expenditures abroad for travel by U.S. resident, 1964-67.
Foreign assets and investments in the United States-
Foreign travel allowances granted to residents of major industrialized
Government grants and capital entering the balance of payments,
January-September 1967 at annual rate.
Gross international security issues, United States and EEC, total,