H.R.4051 - Steel Trade Liberalization Program Extension Act102nd Congress (1991-1992)
|Sponsor:||Rep. Visclosky, Peter J. [D-IN-1] (Introduced 11/26/1991)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 11/27/1991 Referred to the Subcommittee on Trade. (All Actions)|
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Text: H.R.4051 — 102nd Congress (1991-1992)All Information (Except Text)
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- Bill and resolution texts for 1989-1992 (101st-102nd Congresses) predate authenticated digital publishing.
Introduced in House
HR 4051 IH 102d CONGRESS 1st Session H. R. 4051 To extend the application of the steel trade liberalization program. IN THE HOUSE OF REPRESENTATIVES November 26, 1991 Mr. VISCLOSKY (for himself, Mr. MURTHA, Mr. APPLEGATE, Mrs. BENTLEY, Mr. BEVILL, Mr. BROWN, Mr. GAYDOS, Mr. MOLLOHAN, Mr. NOWAK, Mr. OBERSTAR, Mr. RITTER, Mr. RUSSO, Mr. CAMPBELL of Colorado, Mr. CONYERS, Mr. COYNE, Mr. DAVIS, Mr. DINGELL, Mr. ECKART, Mr. EVANS, Mr. FEIGHAN, Mr. GUARINI, Mr. JONTZ, Mr. KANJORSKI, Ms. KAPTUR, Mr. KOSTMAYER, Mr. MCCLOSKEY, Mr. MCMILLEN of Maryland, Mr. MANTON, Mr. MURPHY, Mr. OWENS of Utah, Mr. PAYNE of Virginia, Mr. PERKINS, Mr. RAHALL, Mr. RIDGE, Mr. SANTORUM, Mr. STAGGERS, Mr. STOKES, Mr. TOWNS, and Mr. TRAFICANT) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To extend the application of the steel trade liberalization program. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Steel Trade Liberalization Program Extension Act'. SEC. 2. FURTHER EXTENSION OF STEEL TRADE IMPLEMENTATION PROGRAM. The Steel Import Stabilization Act (19 U.S.C. 2253 note) is amended by inserting after section 803 the following new section: `SEC. 803A. SENSE OF CONGRESS REGARDING THE FURTHER EXTENSION OF THE STEEL TRADE IMPLEMENTATION PROGRAM. `(a) The Congress finds that-- `(1) the difficulties that have beset the Uruguay Round of negotiations under the General Agreement on Tariffs and Trade have also adversely affected negotiations to reach an international consensus regarding the steel trade that would achieve the objectives listed in section 803(c); `(2) the extension in 1989 of the steel trade liberalization program until March 31, 1992, was premised upon an international consensus (commonly known as the `Multilateral Steel Accord') regarding the steel trade being reached on or before that date; and `(3) since the reaching of such an international consensus will be significantly delayed, the steel trade liberalization program should be extended in order to allow for the orderly transition by the United States steel products industry to the open global markets envisioned by the Multilateral Steel Accord. `(b) In order to provide for the orderly transition referred to in subsection (a)(3), it is the sense of Congress that-- `(1) the aggregate quantity of steel products imported into, or exported to, the United States during each of the periods-- `(A) April 1, 1992, through March 31, 1993, `(B) April 1, 1993, through March 31, 1994, and `(C) April 1, 1994, through September 30, 1994, should not exceed an amount that equals 22.7 percent of the United States market for steel products for that period; and `(2) not to exceed 19.1 percent of United States market for steel products during each period listed in paragraph (1) shall be allocated among foreign countries that enter into bilateral arrangements under the steel trade liberalization program.'. SEC. 3. EFFECTIVE PERIOD. Section 806(a) of the Steel Import Stabilization Act is amended-- (1) by amending paragraph (1) to read as follows: `(1) at the close of September 30, 1994, or the date on which a multilateral arrangement regarding global steel trade enters into force with respect to the United States, whichever date is earlier; or'; and (2) by striking out `or seventh' in paragraph (2) and inserting `seventh, eighth, or ninth'.