International Fair Competition Act of 1993

Summary

International Fair Competition Act of 1993 - Repeals a Federal provision stating that any person who violates or conspires to violate a prohibition against the importation or sale of articles at less than market value or the wholesale price shall be guilty of a misdemeanor, punishable by a fine of up to $5,000, imprisonment for up to one year, or both, at the court's discretion. Revises provisions concerning such importation or sale to prohibit a person who exports a product from a foreign country into the United States, commonly and systematically to export the article into, cause the article to be exported into, or cause the article to be sold within the United States at a price that is less than the average total cost of the article, if: (1) the exportation or sale has the effect of destroying or injuring commerce, preventing the establishment of a line of commerce, or substantially lessening competition or tending to create a monopoly in any part of trade and commerce in the article, in the United States; and (2) the foreign country's market in the article lacks effective price competition or is substantially closed to effective international competition. Specifies that nothing shall prevent a defendant from rebutting a prima facie case made with respect to such circumstances by showing that the circumstances were not a factor in the price charged.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 January 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 January 1993

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• Introduced in Senate

  summary · EN · 21 January 1993

  Open at official source

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