H.R.2451 - A bill to amend title VII of the Tariff Act of 1930 in order to apply countervailing duties with respect to resource input subsidies.99th Congress (1985-1986)
|Sponsor:||Rep. Gibbons, Sam [D-FL-7] (Introduced 05/09/1985)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/09/1986 See H.R.4800. (All Actions)|
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Summary: H.R.2451 — 99th Congress (1985-1986)All Information (Except Text)
Introduced in House (05/09/1985)
Amends the Tariff Act of 1930 to include in the definition of "subsidy" (for countervailing duty purposes) any resource input subsidy as provided for under the provisions of this Act. States that a "resource input subsidy" is found to exist if: (1) (a) a product is provided or sold by a government-regulated or controlled entity within a country for input use within such country at a domestic price that is lower than the fair market value of the input product and is not freely available to U.S. producers; and (b) a product would, if sold at the fair market value, constitute a significant portion of the total cost of the manufacture or production of the merchandise in or for which the input product is used; or (2) under specified circumstances, the right to remove or extract such product is provided or sold by a government or a government-regulated or controlled entity within a country. Sets forth the method of calculation for the amount of a resource input subsidy.
Defines "fair market value" and "input use" for purposes of this Act.
Requires injury determinations by the U.S. International Trade Commission to be made in all countervailing duty investigations relating to the existence of resource input subsidies.