H.R. 5578 (102nd): Automotive Trade Equity Act of 1992

Introduced:
Jul 08, 1992 (102nd Congress, 1991–1992)
Sponsor:
Rep. Frank Guarini Jr. [D-NJ14]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on July 8, 1992, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 08, 1992
Cosponsors
2 cosponsors (2D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To assure fair international trade in motor vehicles.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/8/1992--Introduced.
Automotive Trade Equity Act of 1992 - Requires the Secretary of the Treasury, on the basis of relevant available information, to: (1) estimate the domestic consumption of motor vehicles for each year; (2) compute the allowable market penetration amount for foreign motor vehicles (motor vehicles produced by Japan or by a transplanted vehicle manufacturer); and (3) calculate the actual domestic consumption of motor vehicles during the year; and (4) calculate the actual market penetration during the year for foreign motor vehicles. Limits the aggregate number of Japanese motor vehicles imported into the United States in each year from January 1, 1993, through December 31, 1999, to no more than 1,900,000, adjustable downwards according to a specified formula. Requires the Secretary to publish such estimates, computations, and calculations in the Federal Register.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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