[51502] in Cypherpunks
Re: EFF Statement on Leahy/Burns/Murray Crypto Bill
daemon@ATHENA.MIT.EDU (Jeff Davis)
Wed Mar 6 05:01:34 1996
To: cypher punks <cypherpunks@toad.com>
Date: Wed, 6 Mar 1996 01:57:25 -0800 (PST)
From: Jeff Davis <eagle@armory.com>
In-Reply-To: <313CF3AD.1BC3@best.com> from "Greg Kucharo" at Mar 5, 96 07:08:45 pm
<sophi@best.com> (Greg Kucharo) sez...
> I'm a little confused by this phrase from the bill. It seems to be
> saying just that export needs to be authorized if the software is
> already exportable from the U.S. and if to a financial institution.
> I know that can't be right, but what is the translation of this
> legalese?
>
> > "Requires that export be authorized for non-military encryption
> > software to any country where similar software is exportable from
> > the U.S. to foreign financial institutions."
That's so the Federal Reserve doesn't become crippled in the world monetary
market, just because the NSA doesn't want to lose its wire-tap ability.
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