legislation: 97-hr-6624
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| 97-hr-6624 | 97 | hr | 6624 | A bill to amend the Trade Act of 1974 to establish certain limitations with respect to the generalized system of preferences, and for other purposes. | Foreign Trade and International Finance | 1982-06-17 | 1982-06-23 | Referred to Subcommittee on Trade. | House | Rep. Bailey, Donald A. [D-PA-21] | PA | D | B000037 | 0 | Amends the Trade Act of 1974 to prohibit a country from being treated as a beneficiary developing country with respect to all articles in a specified standard industrial classification (as defined by the Census Bureau) if the President determines that the United States has imported more than a specified quantity of articles within such classification during a calendar year. Prohibits redesignating such a country as a beneficiary developing country with respect to such articles. Denies all articles within such classification general system of preference treatment. Prohibits a country's merchandise from being eligible for duty-free treatment if it is subject to antidumping or countervailing duties or if its U.S. competitors qualify for trade adjustment assistance. Prohibits a country's merchandise from being eligible for duty-free treatment if it is subject to import relief provisions. Prohibits duty-free treatment of any article or component of that article if any like or directly competitive article is otherwise denied duty- free treatment. Adds to the list of countries that cannot be designated beneficiary developing countries any country which: (1) imposes export requirements as a condition on investment and refuses to agree not to impose such requirements while it is designated a beneficiary developing country; or (2) is among the five countries receiving the greatest proportionate share of general system of preference benefits. Directs the President, in determining whether an article should continue to be a designated duty-free article, to determine whether such designation is appropriate considering the import sensitivity of that article due to specified factors. Directs the President to authorize continued duty-free treatment of a product with specified import sensitivity characteristics the domestic production of which is disproportionately small in relation to the duty-free import volume only if it is in the national economic interest. Authorizes any interested party to file a complaint with the U.S. Trade Representative alleging that: (1) a beneficiary developing country should be barred from its designation as a beneficiary developing country because of changed circumstances; or (2) specified factors justify limiting the application of duty-free treatment. Requires the review of such complaint by the Trade Representative and the President's determination of such complaint to be accomplished within a specified time. Requires reversal of the President's determinations if both Houses of Congress adopt a concurrent resolution disapproving such determination. Directs the Trade Representative to issue regulations regarding such complaints and to report to Congress semiannually on reviews of such complaints. | 2024-02-07T16:32:33Z |