Summary: H.R.1229 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.1229. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/28/2007)

Nonmarket Economy Trade Remedy Act of 2007 - Amends the Tariff Act of 1930 to apply countervailing duties to nonmarket economies.

Authorizes the use of alternative methodologies in determining whether a subsidy is countervailable with respect to the People's Republic of China (PRC).

Requires congressional approval for revocation of nonmarket economy country determinations made by the administering authority.

Requires a United States International Trade Commission study of how the PRC uses government intervention to promote investment, employment, and exports.