S.990 - Shipbuilding Trade Reform Act of 1993103rd Congress (1993-1994)
|Sponsor:||Sen. Breaux, John B. [D-LA] (Introduced 05/19/1993)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 11/18/1993 Subcommittee on International Trade. Hearings held. Hearings printed: S.Hrg. 103-552. (All Actions)|
This bill has the status Introduced
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Summary: S.990 — 103rd Congress (1993-1994)All Information (Except Text)
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.