S 1774 · 93th Congress · Foreign Trade and International Finance

A bill to amend the Federal Trade Commission Act and the Export Trade Act as amended to deal with unfair competition in imports, to provide for clarification of law, for prior Federal Trade Commission clearance of export trade associations.

Introduced 1973-05-09· Sponsored by Sen. Magnuson, Warren G. [D-WA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Commerce.(1973-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Amendment to the Federal TradeCommission Act - Authorizes the Federal Trade Commission to issue an order that commodities be excluded from entry whenever the Commission finds that unfair methods of competition or unfair acts are being employed in the importation of such commodities in the United States or in their sale by the owner, importer, consignee, or agent of either, where the effect or tendency of such conduct is to destroy or substantially injure an industry, efficiently and economically operated, in the United States, or is to restrain or monopolize trade and commerce in the United States, or is to substantially impair competition within the United States. Provides that before a Commission order that articles be excluded becomes final or is published, the Secretary of the Treasury may take into account whether the exclusion of the commodity in question would have or be likely to have a significant adverse effect upon the economic interest of the United States. States that if the Secretary so determines, he must so notify theCommission within thirty days of the transmittal of the order to Treasury. Title II: Amendments to the Export Trade Act - Includes architectur…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican