legislation: 109-hr-6050

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-hr-6050 109 hr 6050 Balanced Trade Act of 2006 Foreign Trade and International Finance 2006-09-08 2006-09-08 Referred to the House Committee on Ways and Means. House Rep. Michaud, Michael H. [D-ME-2] ME D M001149 0 Balanced Trade Act of 2006 - Amends the Trade Act of 1974 to require the President whenever there is a trade deficit that exceeds 2% of the gross domestic product (GDP) to: (1) restrict imports; and (2) proclaim, for a determined period, a temporary import surcharge of not less than 20% ad valorem on articles imported into the United States. (Currently, the President has the authority to temporarily impose import surcharges (not to exceed 15% ad valorem) and import restrictions on articles in certain situations of fundamental international payments problems.) 2023-01-12T17:52:20Z  

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