H.R.3702 - Market Opportunity and Reciprocal Enforcement Act of 1991102nd Congress (1991-1992)
|Sponsor:||Rep. Gephardt, Richard A. [D-MO-3] (Introduced 11/04/1991)|
|Committees:||House - Rules; Ways and Means|
|Latest Action:||House - 04/29/1992 Executive Comment Received from Justice. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3702 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (11/04/1991)
Market Opportunity and Reciprocal Enforcement Act of 1991 - Title I: Response to Priority Foreign Practices That Adversely Affect United States Sectoral Competitiveness - Amends the Trade Act of 1974 to direct the U.S. Trade Representative, in identifying market barriers and certain unfair trade actions, to: (1) identify, if for a calendar year the United States merchandise trade balance (excluding crude petroleum imports) was in deficit, each foreign country that accounted for not less than 15 percent of such deficit and had a global current account surplus for such year in an amount not less than such deficit; and (2) specify each act, policy, or practice that was implemented by a foreign country with respect to any goods sector or service sector that accounted for not less than ten percent of the merchandise trade deficit between the United States and such foreign country during such calendar year.
Makes permanent the program know as "Super 301" which identifies trade liberalization priorities. Applies such program to sectoral priority practices.
Requires the President, if the U.S. Trade Representative finds violations of trade practices, to: (1) direct the Trade Representative to take certain action to obtain the elimination of the foreign practice; or (2) submit to the Congress an alternative plan for eliminating such practice. Sets forth congressional procedure if the President submits such a plan.
Requires the Trade Representative to initiate an investigation under "Super 301" whenever specified congressional committees adopt a resolution that states that it is the opinion of such committees that a foreign country is engaging in sectoral priority practices.
Title II: Trade Agreements Compliance - Allows any person that has a significant economic interest that is being, or has been, adversely affected by the failure of a foreign country to comply materially with the terms of a trade agreement to request the Trade Representative to undertake a review to determine such foreign country's compliance. Sets forth provisions for such review and the actions to be taken by the Trade Representative under "Super 301" upon an affirmative determination.