Summary: S.990 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for S.990. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/19/1993)

Shipbuilding Trade Reform Act of 1993 - Requires the Secretary of Commerce (Secretary) to establish a list of foreign countries that provide direct or indirect subsidies for the construction or repair of vessels. Authorizes a party to commence an action in the U.S. Court of International Trade contesting any determination with respect to a country's listing.

Imposes penalties upon a country for: (1) providing false information with respect to a subsidy investigation; (2) renewing such subsidies; or (3) failing to eliminate such subsidies.

Requires the United States in any negotiations with a foreign country for the elimination of subsidies for the construction or repair of vessels to be conducted in full consultation with affected U.S. industries. Requires the Secretary to: (1) monitor the compliance of each foreign country that is a party to any agreement; and (2) place a foreign country on the subsidizing country list if it is in noncompliance with such agreement.