Trade Development Investment Act of 1987

Summary

Trade Development Investment Act of 1987 - Establishes a Trade Development Investment Trust Fund (trust fund). Transfers to the trust fund amounts received under an import surcharge established by this Act. Imposes an import surcharge of 0.9 percent ad valorem on articles, other than duty-free articles, entered into the customs territory of the United States. Specifies that such import surcharge shall be treated as a regular customs duty for purposes of the administration of the customs laws and shall be in addition to any other duty imposed under law on an article. Specifies that the funds in such trust fund shall be made available for: (1) worker adjustment assistance programs; (2) education programs to enhance the competitiveness in international trade of the U.S. workforce; (3) reduction of the Federal budget deficit by transferring funds to, and using such funds for basic benefits provided by, the Pension Benefit Guaranty Corporation revolving fund; and (4) additional research and development that will improve the international competitiveness of U.S. businesses and industries.

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1 official file

• Introduced in House

  summary · EN · 17 March 1987

  Open at official source

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