A bill to limit the quantity of iron and steel scrap which may be exported from the United States to 6 million tons annually during the next 3-year period.

Limits the quantity of iron and steel scrap which may be exported from the United States to six million ton annually during the next three-year period.

Provides that the amount of iron and steel scrap which may be exported to any foreign county shall be limited to the amount comprising the same proportion of six million tons as the amount of such scrap exported to such country during 1971 and 1972 comprises in relation to the total amount of such scrap exported from the United States during 1971 and 1972.