S 443 · 93th Congress · Foreign Trade and International Finance
Full Competition Foreign Trade Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1973-01-18)
Plain Language Summary
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Full Competition Foreign Trade Act - Title I: United States Foreign Trade and Investment Commission - Establishes the United States Foreign Trade and Investment Commission, composed of five members representing public interests, labor interests, industrial interests, consumer interests, and agricultural interests. Sets forth provisions relating to the terms of office of commissioners, and to the procedures for meetings. Title II: Amendments to the Antidumping and Countervailing Duty Act - Provides that whenever foreign merchandise is being sold in the United States or elsewhere at less than its fair value and an industry in the United States is being injured by reason of the importation of such merchandise into the United States, there shall be levied and collected a special dumping duty in an amount equal to the difference between the purchase price or the exporter's sale price and the foreign market value. Authorizes the United States Foreign Trade and Investment Commission to make investigations on complaints filed with it on behalf of an industry by a firm or group of workers, and to issue orders to effectuate the provisions of this section. Provides for a hearing and for judic…
Summarized by Claude AI · Non-partisan · For informational purposes only