A bill to impose a surcharge duty on the imports of certain foreign countries.

Summary

Imposes a surcharge duty on any product of a foreign country during the one-year period beginning on April 1 of any calendar year if the United States had a trade balance deficit with such country that exceeded $16,000,000,000 per year for the three preceeding calendar years. Allows for a Presidential exemption of a product from the surcharge duty if the product would be eligible for exemption under specified provisions of the Trade Act of 1974.

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

Timeline

1. 26 March 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 March 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 28 March 1985

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 26 March 1985

  Open at official source

Sponsors

• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• · ssfi00 · Standing

Related records

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