S.1711 - Reciprocal Market Access Act of 2011112th Congress (2011-2012)
|Sponsor:||Sen. Brown, Sherrod [D-OH] (Introduced 10/13/2011)|
|Committees:||Senate - Finance|
|Latest Action:||10/13/2011 Read twice and referred to the Committee on Finance.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: S.1711 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (10/13/2011)
Reciprocal Market Access Act of 2011 - Prohibits the President from agreeing to the reduction or elimination of the existing rate of duty on any product in order to carry out a trade agreement entered into between the United States and a foreign country until the President certifies to Congress that: (1) the United States has obtained the reduction or elimination of tariff and nontariff barriers and policies and practices of such foreign country with respect to U.S. exports of any product that has the same physical characteristics and uses as the product for which the President seeks to modify its rate of duty, and (2) any violation of the trade agreement is immediately enforceable by withdrawal of the modification of the existing duty on such foreign product until the United States Trade Representative (USTR) certifies to Congress that the United States has obtained the reduction or elimination of the tariff or nontariff barrier or policy or practice of such foreign government.
Requires the withdrawal of such a modification in specified circumstances until the USTR makes such a certification to Congress.
Directs the U.S. International Trade Commission (USITC) to assess and identify the tariff and nontariff barriers and policies and practices for such products that exist in the foreign country as well as expected opportunities for U.S. exports to such country if such barriers and policies and practices are eliminated.