American Workers and Manufacturers Support Act

American Workers and Manufacturers Support Act - Establishes in the Department of Commerce a Manufacturing and Technology Administration (MTA), which shall include: (1) the National Institute of Standards and Technology; (2) the National Technical Information Service; and (3) the Office of Manufacturing and Technology Policy.

Provides for the appointment of: (1) an Under Secretary of Commerce for MTA; and (2) an Assistant Secretary of Manufacturing and an Assistant Secretary of Technology who both shall serve as policy analysts for the Under Secretary.

Establishes a Manufacturing Advisory Board within the MTA.

Requires the Under Secretary to study and report on: (1) abusive practices by large manufacturers and retailers; and (2) the feasibility and impact of laws and regulations requiring a certain labeling of all products retailing at more than $15.

Revises requirements for the Advanced Technology Program.

Requires the Director to establish a certain program of assistance to institutions of higher education or nonprofit research institutions that enter into partnerships with for-profit entities to support, promote, and enhance manufacturing research and development.

Establishes the World Trade Organizations (WTO) Settlement Review Commission.

Amends the Export-Import Bank Act of 1945 and the Foreign Assistance Act of 1961 to place restrictions on export-import bank assistance and on the overseas private investment corporation.

Sets forth a period for the President to negotiate with the governments of countries that engage most egregiously in currency manipulation, in order to seek a prompt and orderly end to such manipulation and ensure the free trade of such currencies on international currency markets.

Amends the Internal Revenue Code to redefine: (1) "domestic" to treat the acquiring corporation in a corporate expatriation transaction as a domestic corporation; and (2) " foreign base company income" to include such company's U.S. import income for a taxable year.

Denies treaty benefits for certain deductible foreign payments.

Repeals the exclusion of extraterritorial income from gross income.

Provides for a phased-in deduction for income attributable to certain domestic production activities.

Sets forth requirements for waivers of the Buy American Act.

Prohibits Federal agencies from entering contracts or subcontracts with foreign entities that result in the manufacture of a dual-use item on the Commerce Control List, unless approval has been received according to specified procedures.

Establishes the Congressional Trade Office.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov