Reauthorization of the Export Administration Act : hearings before the Subcommittee on International Trade and Finance of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Sixth Congress, first session, on amending the Export Administration Act to bring existing controls more into line with today's political and economic realities, the first and most significant reason for a new act was the collapse of the Soviet Union and the Warsaw Pact Alliance. A second major development is the increasing proliferation of weapons of mass destruction and their means of delivery by the nations of Iran, Iraq, Libya, and North Korea, January 20 and March 16, 1999.