International Trade and Investment Act

reportedUnited States· United States Congress· EN

Introduced

26 January 1983

Last action

7 November 1983 · Reported

Status

Committee on Finance. Provisions of measure incorporated into measure H.R. 3398 ordered to be reported.

Summary

Reciprocal Trade and Investment Act of 1982 - Amends the Trade Act of 1974 to set forth provisions dealing with foreign trade barriers. Directs the United States Trade Representative (USTR), through the interagency trade organization established pursuant to the Trade Expansion Act of 1962, to identify, analyze, and estimate the impact of practices that constitute significant barriers to or distortions of: (1) U.S. export of goods or services; and (2) foreign direct investment by U.S. persons, especially if it has implications for trade in goods or services. Sets forth factors to be considered by the USTR in such analysis. Directs the USTR to update the analysis annually. Directs the USTR to submit the analysis to the appropriate congressional committees. Requires the report to include any action taken to eliminate such trade barriers. Directs the USTR to consult with Congress on trade policy priorities. Directs Federal agencies to furnish information and other assistance to prepare such analysis. Authorizes the President to respond to a foreign entity's unfair trade practices by taking action with respect to any goods or sector of such entity without regard to whether the goods or sector were involved in the unfair trade practice. (Current law provides that the President may take action against the products or services of the foreign entity.) Authorizes the President to propose legislation to protect U.S. trade rights or to eliminate unfair trade practices. Requires such legislative proposals to be given priority treatment. Requires a summary of a petition for a trade investigation by the USTR to be published in the Federal Register (currently, the entire petition must be published) if the USTR decides to begin an investigation with respect to the issues raised by the petition. Authorizes the USTR to initiate an investigation in order to advise the President concerning the exercise of the President's authority to take action against unfair trade practices. Directs the USTR to consult with the appropriate congressional committees before beginning such an investigation. Authorizes the USTR to delay for up to 90 days any request for consultation by a foreign entity concerning a petition for investigation into unfair trade practices. Directs the USTR to publish notice of the delay in the Federal Register and to report to Congress the reasons for the delay. Changes the definition of "commerce" for purposes of foreign trade investigations to include: (1) services associated with international trade, whether or not related to specific goods (currently products); and (2) foreign direct investment by U.S. persons with implications for trade in goods or services. Defines "unreasonable", "unjustifiable", and "discriminatory" for purposes of such investigations. Prohibits making information which the USTR has received in a trade investigation available to the public, if: (1) the person who provided the information makes a specified certification; (2) the USTR determines that such certification is well-founded; and (3) the person providing the information provides an adequate nonconfidential summary. Authorizes the USTR to use the information in trade investigations or to make it available to the public in a form which cannot identify the person providing the information. Sets forth the principal U.S. negotiating objectives with respect to trade in services, foreign direct investment, and high technology products. Directs the USTR to develop and coordinate the implementation of U.S. policies concerning trade in services. Requires Federal agencies responsible for regulating any service sector industry to advise and work with the USTR concerning: (1) the treatment afforded U.S. services sector interest in foreign markets; or (2) allegations of unfair practices by foreign governments or companies in a service sector. Authorizes the Secretary of Commerce to establish a service industries development program. Sets forth the goals of the program. Expresses the policy of the Congress that the President shall: (1) consult with State governments on trade policy issues affecting the regulatory authority on non-Federal governments or their procurement of goods and services; and (2) establish one or more intergovernmental policy advisory committees on trade. Authorizes the President to establish policy advisory committees representing non-Federal governmental interests to provide policy advice on trade negotiating objectives, bargaining positions, and the implementation of trade agreements. Authorizes the President to negotiate to reduce trade barriers in foreign direct investment by U.S. persons, especially if such investment has implications for trade in goods and services. Authorizes the President to enter into agreements concerning high technology industries. Authorizes the President to proclaim the modification, elimination or continuance of any existing duty, duty-free, excise treatment, or other additional duties with respect to specified high technology products listed in the U.S. Tariff Schedules. Provides for the termination of this authority five years after the enactment of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

26 January 1983
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
26 January 1983
Introduced
Introduced in Senate
Source: IntroReferral
4 February 1983
Committee
Subcommittee on International Trade. Hearings held. Hearings printed: S.Hrg. 98-11.
Source: Committee
9 February 1983
Committee
Committee on Finance requested executive comment from OMB, International Trade Commission, Office of U.S. Trade Representative, Treasury Department, State Department, Commerce Department, Agriculture Department.
Source: Committee
2 March 1983
Reported
Committee on Finance. Ordered to be reported with amendments favorably.
Source: Committee
14 March 1983
Calendars
Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 44.
Source: Calendars
14 March 1983
Reported
Committee on Finance. Reported to Senate by Senator Dole with amendments and an amendment to the title. With written report No. 98-24.
Source: Committee
14 March 1983
Reported
Committee on Finance. Reported to Senate by Senator Dole with amendments and an amendment to the title. With written report No. 98-24.
Source: Committee
17 March 1983
Floor
Measure laid before Senate by unanimous consent.
Source: Floor
15 April 1983
Floor
Considered by Senate.
Source: Floor
18 April 1983
Floor
Considered by Senate.
Source: Floor
19 April 1983
Vote
First cloture motion on Kasten amendment (SP522) not invoked in Senate by Yea-Nay Vote. 34-53. Record Vote No: 57.
Source: Floor
20 April 1983
Floor
Considered by Senate.
Source: Floor
21 April 1983
Floor
Considered by Senate.
Source: Floor
21 April 1983
Passed
Passed/agreed to in Senate: Passed Senate with amendments and an amendment to the Title by Voice Vote.
Source: Floor
18 May 1983
Introduced
Received in the Senate pursuant to the provisions of House Resolution 195.
Source: IntroReferral
7 November 1983
Reported
Committee on Finance. Provisions of measure incorporated into measure H.R. 3398 ordered to be reported.
Source: Committee

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

Versions

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Documents

3 official files

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Passed Senate amended
summary · EN · 21 April 1983
Open at official source
Reported to Senate with amendment(s)
summary · EN · 14 March 1983
Open at official source
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Introduced in Senate
summary · EN · 26 January 1983
Open at official source
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Related records

related to → Omnibus Tariff and Trade Act of 1984
amends ← SAMDT 550
amends ← SAMDT 548
amends ← SAMDT 554
amends ← To amend the Internal Revenue Code of 1954 to provide that no tax shall be withheld from payments of interest paid on passbook savings and similar accounts or paid by small credit unions and to eliminate withholding on interest and dividends after 3 years if compliance does not improve.
amends ← SAMDT 552
amends ← SAMDT 558
amends ← SAMDT 551
amends ← SAMDT 556

Showing 9 of 646 related records.

Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/144
Open data entity: https://api.congress.gov/v3/bill/98/s/144
us · 98-s-144 · source updated 3 January 2025