HR 3227 · 98th Congress · Foreign Trade and International Finance
Trade Clarification Act of 1983
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Trade.(1983-06-13)
Plain Language Summary
[AI summary unavailable — showing source text]
Trade Clarification Act of 1983 - Amends the Tariff Act of 1930 to provide that the foreign market value of goods from nonmarket economy countries should be determined on the basis of the costs of producers located in the most nearly comparable free-market economy country as reflected by either: (1) the prices at which such or similar merchandise of a free-market economy country is sold either domestically or in foreign markets; or (2) the constructed value of such or similar merchandise produced by the most comparable free-market producer or producers. Amends the Trade Act of 1974 to permit the International Trade Commission (ITC) to consider increased imports or artificial pricing, or both, when determining whether a nonmarket country is causing market disruption with respect to an article produced by a domestic industry. Requires that import relief actions recommended by the ITC shall take effect even though the President proposes different actions unless Congress approves the presidential actions within 90 days of receiving such proposal. Requires the President to impose the action which was recommended by the Commission within 30 days after the end of the 90 day period, if Con…
Summarized by Claude AI · Non-partisan · For informational purposes only