AECA meaning in Business ?

Answer: What is Arms Export Control Act mean?

The Arms Export Control Act of 1976 (Title II of Pub.L. 94–329, 90 Stat. 729, enacted June 30, 1976, codified at 22 U.S.C. ch. 39) gives the President of the United States the authority to control the import and export of defense articles and defense services. The H.R. 13680 legislation was passed by the 94th Congressional session and enacted into law by the 38th President of the United States Gerald R. Ford on June 30, 1976.

The Act of Congress requires international governments receiving weapons from the United States to use the armaments for legitimate self-defense. Consideration is given as to whether the exports "would contribute to an arms race, aid in the development of weapons of mass destruction, support international terrorism, increase the possibility of outbreak or escalation of conflict, or prejudice the development of bilateral or multilateral arms control or nonproliferation agreements or other arrangements." The Act also places certain restrictions on American arms traders and manufacturers, prohibiting them from the sale of certain sensitive technologies to certain parties and requiring thorough documentation of such trades to trusted parties.

When the President is aware of the possibility of violations of the AECA, the law requires a report to Congress on the potential violations.

U.S. Immigration and Customs Enforcement (ICE) conducts an industry outreach program called the Project Shield America to prevent foreign adversaries, terrorists, and criminal networks from obtaining U.S. munitions and strategic technology.

reference

Full Form	Category
Asociacion Espanola De Contabilidad Y Adminsitracion De Empresas	Accounts and Finance
Arms Export Control Act	Business
Asociacion Empresarial de Coches de Alquiler de Andalucia	General