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Re: EFF Statement on Leahy/Burns/Murray Crypto Bill
<[email protected]> (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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