A bill to amend the Trade Act of 1974 to restore the authority of the President with respect to reciprocal nondiscriminatory treatment.

Summary

Amends the Trade Act of 1974 to grant the President specified powers if the President determines that a major industrial country: (1) does not provide equivalent competitive opportunities for U.S. commerce in that country; or (2) consistently violates U.S. trade laws. Directs the President, upon making such a determination, to recommend to Congress: (1) terminating certain U.S. concessions affecting tariffs or import restrictions; and (2) ending the applicability to such country of legislation necessary to carry out trade agreements. Authorizes the President, upon making such determination, to proclaim increased tariffs or other import restrictions.

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

Timeline

1. 22 March 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 March 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 24 March 1982

   Committee

   Committee on Finance requested executive comment from OMB; International Trade Commission; Office of U.S. Trade Representative; Treasury Department; State Department.

   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 · 22 March 1982

  Open at official source

Sponsors

• Sen. Pressler, Larry [R-SD] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Trade Act of 1974 to restore the authority of the President with respect to reciprocal nondiscriminatory treatment.