US SB2153 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 5 2012 - 25% progression, died in chamber
Action: 2012-03-07 - See also H.R. 4105.
Text: Latest bill text (Enrolled) [PDF]
Status: Introduced on March 5 2012 - 25% progression, died in chamber
Action: 2012-03-07 - See also H.R. 4105.
Text: Latest bill text (Enrolled) [PDF]
Summary
Amends the Tariff Act of 1930 regarding the imposition of countervailing duties on imports into the United States from a country subsidizing, directly or indirectly, the manufacture, production, or export of merchandise which materially injures a U.S. industry or threatens to. Declares that merchandise on which countervailing duties must be imposed includes merchandise from a nonmarket country, unless the administering authority cannot identify and measure subsidies provided by the government of the nonmarket economy country (or a public entity within its territory) because the economy of that country is essentially composed of a single entity. Requires the administering authority to reduce the antidumping duty on a class or kind of merchandise from a nonmarket economy country in cases where: (1) such country (or a public entity within its territory) has provided the merchandise with a countervailable subsidy (other than an export subsidy); (2) the subsidy has reduced the average price of imports of that class or kind of merchandise during the relevant period; and (3) the extent to which the subsidy, in combination with the use of normal value, has increased the weighted average dumping margin for such merchandise can be reasonably estimated. Requires the administering authority, in such cases, to reduce the antidumping duty by the amount of the increase in the weighted average dumping margin estimated (but not by more than the portion of the countervailing duty rate attributable to the countervailable subsidy).
Title
A bill to apply the countervailing duty provisions of the Tariff Act of 1930 to nonmarket economy countries, and for other purposes.
Sponsors
Sen. Max Baucus [D-MT] | Sen. Sherrod Brown [D-OH] | Sen. Richard Burr [R-NC] | Sen. Thomas Carper [D-DE] |
Sen. Robert Casey [D-PA] | Sen. Tom Coburn [R-OK] | Sen. Susan Collins [R-ME] | Sen. Kirsten Gillibrand [D-NY] |
Sen. Lindsey Graham [R-SC] | Sen. Dean Heller [R-NV] | Sen. Carl Levin [D-MI] | Sen. Claire McCaskill [D-MO] |
Sen. Mitch McConnell [R-KY] | Sen. Robert Menendez [D-NJ] | Sen. Jeff Merkley [D-OR] | Sen. Bill Nelson [D-FL] |
Sen. Rob Portman [R-OH] | Sen. Pat Roberts [R-KS] | Sen. John Rockefeller [D-WV] | Sen. Jeff Sessions [R-AL] |
Sen. Olympia Snowe [R-ME] | Sen. Debbie Stabenow [D-MI] | Sen. John Thune [R-SD] |
History
Date | Chamber | Action |
---|---|---|
2012-03-07 | Senate | See also H.R. 4105. |
2012-03-05 | Senate | Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S1375-1376; text as passed Senate: CR S1375-1376) |
Same As/Similar To
HB4105 (Same As) 2012-03-13 - Became Public Law No: 112-99.
Subjects
Foreign trade and international finance
Free trade and trade barriers
Government studies and investigations
Tariffs
Free trade and trade barriers
Government studies and investigations
Tariffs