To amend the Tariff Act of 1930 to make technical improvements to the U.S. antidumping and countervailing duty laws; to express the sense of Congress regarding the scope and standard of review of GATT dispute settlement panels; to express the sense of Congress for the extension of the specialty steel voluntary restraint agreement; and for other purposes.

[AI summary unavailable — showing source text] Amends the Tariff Act of 1930 to define "potential decline" and "potential negative effects" for purposes of material injury determinations made by the International Trade Commission (ITC) in antidumping and countervailing duty investigations. Amends the Trade Act of 1988 to require the administering authority to review specified reports on downstream products and make an adjustment to the foreign market value, where components (that constitute no less than one percent of the value of such downstream product) are subject to an antidumping order and the component supplier has been found to be selling below cost of production, in order to reflect the differences between price paid (if below cost) and constructed value. Requires the ITC, in determining whether a U.S. industry is threatened with material injury from imports, to consider, among other factors, the: (1) review of order backlog of such merchandise; and (2) where applicable a monthly or quarterly review of all factors. Requires interest to be assessed on over- or underpayments made with respect to merchandise entered under bond and remaining underliquidated after enactment of this Act. Prohibits any adjustment to the foreig…