Trade Procedures Simplification Act

[AI summary unavailable — showing source text] Trade Procedures Simplification Act - Amends the Tariff Act of 1930 to permit election of expedited procedures in countervailing duty and antidumping duty investigations. Requires the final determination of the administering authority to be made: (1) within 100 days of the filing of the petition or the date on which the investigation commenced in countervailing duty cases; and (2) within 175 days of the filing of the petition or the date on which the investigation began in antidumping duty cases. Provides for extensions of such time limits in certain extraordinary cases. Requires the final determination of the International Trade Commission (ITC) to be made within 30 days of the administering authority's determination in countervailing duty and antidumping duty cases. Deletes the provision which permits the suspension of countervailing duty investigations on the basis of subsidy offset agreements. Requires that the holding of a hearing by the ITC during an antidumping or countervailing duty investigation shall be treated as compliance with the hearing requirement for both investigations if the investigations deal with the same merchandise from the same country and are initiated wit…