S 538 · 96th Congress · Foreign Trade and International Finance

A bill to amend the Tariff Act of 1930 with respect to the imposition of countervailing duties, and for other purposes.

Introduced 1979-03-05· Sponsored by Sen. Heinz, John [R-PA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-03-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tariff Act of 1930 to require the administering authority to include within any investigation of bounties or grants being paid or bestowed on exports into the United States any newly discovered evidence of other such bounties or grants. Requires the administering authority to make a final determination as to bounties or grants within six months (instead of 12 months). Directs the administering authority to suspend liquidation of imported goods when there has been a preliminary determination of bounties or grants pending the final determination. Requires the International Trade Commission to determine within four months whether bounties or grants which are being paid or bestowed on duty-free goods are harmful to U.S. industry. Sets forth criteria to guide the Commission in making such determination. Stipulates that any countervailing duties imposed shall be equal to the amount of the bounty or grant (instead of the net amount). Directs the administering authority to determine the amount of bounties or grants paid or bestowed in connection with start-up or expansion activities based on the foreign amortization period. Requires the administering authority to publish the rea…

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

Cosponsors (3)

1 Democrat2 Republicans