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provided  in Article  2,  paragraph  11  thereof,  and  shall  not  be

construed, interpreted, or applied to abrogate the responsibilities or

obligations  of the United States to implement fully the provisions of

the Montreal Protocol. In  the case of conflict between  any provision

of  this title and  any provision of  the Montreal Protocol,  the more

stringent  provision  shall govern.  Nothing  in this  title  shall be

construed,  interpreted,  or  applied   to  affect  the  authority  or

responsibility  of the  Administrator to  implement  Article 4  of the

Montreal Protocol with other appropriate agencies.

   "(c) Technology Export and Overseas  Investment.-Upon enactment of

this title, the President shall-

      "(1) prohibit  the  export of  technologies used  to produce  a

   class I substance;

      "(2) prohibit direct  or indirect investments by  any person in

   facilities designed to produce a class I or class II substance  in

   nations that are not parties to the Montreal Protocol; and

      "(3)  direct that no agency of the government provide bilateral

   or   multilateral  subsidies,   aids,   credits,   guarantees,  or

   insurance  programs, for  the  purpose of  producing any  class  I

   substance.

"SEC. 615. AUTHORITY OF ADMINISTRATOR.

   "If,  in the  Administrator's judgment,  any substance,  practice,

process,  or activity  may  reasonably be  anticipated  to affect  the

stratosphere, especially  ozone in  the stratosphere, and  such effect

may reasonably  be anticipated to  endanger public health  or welfare,

the Administrator shall promptly promulgate regulations respecting the

control  of such substance, practice,  process, or activity, and shall

submit notice of the  proposal and promulgation of such  regulation to

the Congress.

"SEC. 616. TRANSFERS AMONG PARTIES TO MONTREAL PROTOCOL.

   "(a)  In  General.-Consistent  with  the  Montreal  Protocol,  the

United  States may  engage  in transfers  with  other Parties  to  the

Protocol under the following conditions:

      "(1) The  United States  may transfer production  allowances to

   another Party if,  at the time of such transfer, the Administrator

   establishes revised production  limits for the United  States such

   that  the aggregate  national  United States  production permitted

   under the revised production limits  equals the lesser of  (A) the

   maximum  production   level  permitted   for   the  substance   or

   substances  concerned in  the  transfer  year under  the  Protocol

   minus

   the  production allowances transferred, (B) the maximum production

   level permitted  for the substance or  substances concerned in the

   transfer year under  applicable domestic law minus  the production

   allowances transferred, or (C) the  average of the actual national

   production level of the substance or substances  concerned for the

   3 years  prior  to the  transfer minus  the production  allowances

   transferred.

      "(2) The  United States may acquire  production allowances from

   another Party if,  at the time of such transfer, the Administrator

   finds  that the  other Party  has revised its  domestic production

   limits in  the same manner as  provided with  respect to transfers

   by the United States in subsection (a).

   "(b) Effect  of Transfers on  Production Limits.-The Administrator

is authorized to  reduce the production limits  established under this

Act as required as a prerequisite  to transfers under paragraph (1) of

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