Reciprocal Trade and Investment Act of 1982

[AI summary unavailable — showing source text] Reciprocal Trade and Investment Act of 1982 - Amends the Trade Act of 1974 to direct the United States Trade Representative (USTR) to submit to the President an annual study of the practices of each designated major trading country that: (1) deny benefits to the United States under a trade agreement; or (2) deny to the United States substantially equivalent commercial opportunities with respect to U.S. products that are internationally competitive. Directs the President to submit such study to the appropriate congressional committees and to propose actions to redress any imbalance caused by such practices. Directs Federal agencies to furnish information and other assistance to carry out such study. Adds to the findings upon which the President can base U.S. responses to foreign trade practices. Directs the President to act upon finding that a foreign practice denies to the United States commercial opportunities substantially equivalent to those offered by the United States. Authorizes the President to take action against the foreign entity's investments. (Current law limits the President to taking action against the foreign entity's products or services.) Requires the President to …