HR 4322 · 99th Congress · Foreign Trade and International Finance
Trade Reform and Job Creation Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Unfavorable Executive Comment Received From U.S. Trade Representative.(1986-08-26)
Plain Language Summary
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Trade Reform and Job Creation Act - Title I: International Trade Policy and Action - Declares that it is U.S. policy for the President to respond to actions by a foreign country that violate the rights of the United States under trade agreements by taking like or similar reciprocal actions against the products or services of that country. Title II: Waiver of Federal Requirements to Stimulate Employment - Authorizes an eligible person, within 90 days of the date the President refuses to take action with respect to a recommended action (a response recommended by the U.S. Trade Representative to an unfair trade practice), to request a Federal agency to waive temporarily any regulation: (1) that is administered by the agency; and (2) the waiver of which will result in the maintenance of, or an increase in, the level of employment in a significant number of the firms that would have benefited from the recommended action. Defines an "eligible person" as a person representing: (1) one or more firms in a U.S. industry that would have benefited if the President had taken the recommended action; or (2) the workers in one or more such firms. Requires the Federal agency, within 60 days of rece…
Summarized by Claude AI · Non-partisan · For informational purposes only