HR 2809 · 99th Congress · Foreign Trade and International Finance
Comprehensive Trade Law Reform Act of 1985
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Trade.(1985-06-24)
Plain Language Summary
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Comprehensive Trade Law Reform Act of 1985 - Title I: Countervailing and Antidumping Duties - Amends the Tariff Act of 1930 to add requirements for a country to be considered a "country under the Agreement" (the Agreement on Subsidies and Countervailing Measures) for purposes of the countervailing duty provisions of such Act. Requires such a country to have made a commitment under the General Agreement on Tariffs and Trade (GATT) to: (1) eliminate its export subsidies within one year (five for least developed countries); (2) not increase, extend, or add export subsidies; and (3) eliminate immediately export subsidies on those products in which such country is competitive. Requires the International Trade Commission (ITC), upon request, to investigate whether the merchandise is already competitive in the U.S. market and whether the merchandise would be competitive in the absence of export subsidies. Directs the administering authority to review the status of, and compliance with, specified trade agreements at least once during each 12 month period. Directs the administering authority to publish such determinations. Imposes penalties for failure of a foreign country to honor any term…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (18)
13 Democrats5 Republicans