H.R.4832 - Fair Standards in Trade Act103rd Congress (1993-1994)
|Sponsor:||Rep. Kaptur, Marcy [D-OH-9] (Introduced 07/26/1994)|
|Committees:||House - Foreign Affairs; Ways and Means|
|Latest Action:||08/08/1994 Referred to the Subcommittee on Asia and the Pacific.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.4832 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in House (07/26/1994)
Fair Standards in Trade Act - Applies the column two duty rate of the Harmonized Tariff Schedule of the United States to the products of China.
Authorizes the President to reduce such duty rate to the extent that China has made progress towards: (1) enforcing laws to provide effective natural resource protection and achieving effective pollution abatement and control standards to protect the air, water, and land, both domestically and internationally; and (2) adhering to internationally recognized worker rights. Prohibits any duty reduction from being less than that imposed on products from countries that receive nondiscriminatory treatment.
Requires excess revenues to be deposited into the Treasury.
Directs the President to report annually to the Congress with respect to China's progress toward reaching the above-mentioned goals and of any duty reductions implemented as a result of such progress.