Automotive Competitiveness Act of 1992

Summary

Automotive Competitiveness Act of 1992 - Directs the President to: (1) negotiate a trade agreement with Japan limiting Japanese automotive exports (including vehicles with less than 70 percent of incorporated U.S. goods) to the United States; and (2) increase tariffs on such exports in order to achieve similar reductions if an agreement is not reached by a specified date. Terminates the trade agreement after seven years. Directs the International Trade Commission to: (1) review such agreement biennially and recommend its termination of notification; and (2) recommend termination unless U.S. automobiles take quality improvement and executive salary reduction measures. Makes any Commission recommendation effective unless disapproved by passage of a joint resolution of both Houses of the Congress.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 24 March 1992

  Open at official source

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