Competitive America Trade Reform Act of 1985

[AI summary unavailable — showing source text] Competitive America Trade Reform Act of 1985 - Declares that it is U.S. policy that: (1) the United States shall call for a multilateral conference to seek a new international monetary regime; (2) the United States shall try to use its foreign aid programs to aid the development of the private sectors in less developed countries; (3) rules of trade, dispute settlement procedures, and penalties for trade violations should be strengthened; (4) new policies are required to aid U.S. industries to improve their international competitiveness; and (5) a new program of transition aid for workers and firms is needed. Title I: International Monetary Reform - Creates a temporary National Commission on International Monetary Reform which shall prepare a report for the President and the Congress analyzing and evaluating: (1) proposed reforms of the international monetary system; (2) the effects of international capital flows on exchange rate volatility and proposals for restricting capital transactions; (3) proposed methods for coordinating monetary policies of major industrialized nations; (4) objectives for joint intervention in foreign exchange markets; and (5) a detailed working agenda to b…