Promoting Competition in Distressed Industries Act

Summary

Promoting Competition in Distressed Industries Act - Amends the Trade Act of 1974 to authorize the President, within 15 days of receiving a finding that imports are adversely affecting a U.S. industry, to request advice from appropriate Federal officials on the probable effectiveness of antitrust relief as a means to enhance the competitiveness of firms in such industry. Requires the President to determine what type of import relief action to take within 30 days of receiving such report. Includes the probable effectiveness of antitrust relief among the factors the President shall consider when determining what type of import relief to provide. Authorizes the President to issue an order providing for antitrust relief as an alternative to, and in lieu of, any other forms of import relief provided that an industry which receives antitrust relief shall receive no other import relief for the next ten years. Authorizes members of the industry covered by such an antitrust relief order to apply for a certificate of exemption for a proposed merger or acquisition. Sets forth the requirements for receiving such exemption.

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Timeline

1. 7 March 1986

   Introduced

   Read twice and referred to the Committee on Judiciary by unanimous consent with instructions that when reported, the bill be referred to the Committee on Finance for consideration of the bill and any amendments reported by the Committee on the Judiciary; Ordered, that any amendments reported by the Committee on Finance be in order.

   Source: IntroReferral

2. 7 March 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 21 March 1986

   Committee

   Committee on Judiciary requested executive comment from Federal Trade Commission.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 7 March 1986

  Open at official source

Sponsors

• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. East, John P. [R-NC] · R · Sponsor
• Sen. McConnell, Mitch [R-KY] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Sen. Chafee, John H. [R-RI] · R · Cosponsor
• · ssju00 · Standing

Related records

• related to → Promoting Competition in Distressed Industries Act