H.R. 6301 (98th): Steel Import Stabilization Act

Introduced:
Sep 25, 1984 (98th Congress, 1983–1984)
Status:
Died (Passed House)
Sponsor
Daniel Rostenkowski
Representative for Illinois's 8th congressional district
Party
Democrat
Related Bills
H.R. 3398 (Related)
Omnibus Tariff and Trade Act of 1984

Signed by the President
Oct 30, 1984

H.Res. 596 (rule)

Introduced
Last Action: Oct 01, 1984

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on October 3, 1984 but was never passed by the Senate.

Progress
Introduced Sep 25, 1984
Referred to Committee Sep 25, 1984
Reported by Committee Sep 25, 1984
Passed House Oct 03, 1984
 
Full Title

A bill to provide authority for enforcing arrangements restricting the importation of carbon and alloy steel products into the United States that are entered into for purposes of implementing the President's national policy for the steel industry, and for other purposes.

Summary

No summaries available.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


10/3/1984--Passed House amended.
(Measure passed House, amended, roll call #438 (285-134)) Steel Import Stabilization Act - Expresses the sense of the Congress that:
(1) the President should implement the national policy for the steel industry in a manner that restores the foreign share of the U.S. market for carbon and alloy steel products to approximately 17 percent;
(2) the national policy for the steel industry should not be implemented in a manner contrary to the antitrust laws; and
(3) if the national policy for the steel industry does not produce satisfactory results within a reasonable time, the Congress will consider taking legislative actions to stablize conditions in the domestic market for steel and iron ore products.
Defines the national policy for the steel industry as those actions and elements described in Executive Communication 4046, dated September 18, 1984.
Authorizes the President, subject to specified conditions, to carry out such actions as may be necessary or appropriate to enforce the quantitative limitations and restrictions, including export measures required by a foreign government or customs union, contained in each bilateral arrangement (an arrangement made to implement the national policy for the steel industry).
Directs the President, in applying such authority, to cover all categories of carbon and steel alloy products, to avoid distortions among those categories, and to include all exporting countries and customs unions from which there are or have been surges in exports of those products to the United States. Terminates the authority of the President to carry out such actions:
(1) five years after the effective date of this Act; or
(2) at the close of the first, second, third, or fourth anniversary of such date unless the President submits a specified affirmative annual determination before each such anniversary to the House Ways and Means Committee and the Senate Finance Committee. Defines an affirmative annual determination as a determination by the President that during the past year the steel industry has:
(1) committed substantially all of its net cash flow from carbon and alloy steel product operations for purposes of reinvestment in, and modernization of, that industry; and
(2) taken sufficient action to maintain its international competitiveness.
Prohibits the President from finding compliance with the reinvestment and modernization requirement unless:
(1) each major company with significant reinvestment or modernization needs has committed all of its net cash flow (except that required for retraining) from carbon and alloy steel product operations during the applicable 12-month period to meet those needs; and
(2) each major company that has or reasonably anticipates significant unemployment in such operations has committed for the applicable 12 - month period not less than one percent of such net cash flow to the retraining of workers, including those laid off at any time since January 1, 1982.
Directs the President in making such determination to take into account such information as may be available from the U.S. International Trade Commission and other appropriate sources.
Directs the Secretary of Labor to report to Congress, within six months of the effective date of this Act, a plan for assisting workers in communities that are adversely affected by imports of carbon and alloy steel products.
Amends the Trade Act of 1974 to extend through FY 1987 trade adjustment assistance for workers and firms.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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