H.R. 1450 · 109th Congress
To require additional tariffs be imposed on products of any nonmarket economy country until the President…
Full title
To require additional tariffs be imposed on products of any nonmarket economy country until the President certifies to the Congress that that country is a market economy country, and to direct the Secretary of the Treasury to deposit the amounts generated from those tariffs into the Social Security trust funds.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TancredoSponsorNo cosponsors.
Requires additional tariffs to be imposed on products of any nonmarket economy country (Albania, Armenia, Azerbaijan, Belarus, Cambodia, Georgia, Kyrgyzstan, Laos, Moldova, the People's Republic of China (PRC), Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Vietnam, and (to the extent that any of their products enter U.S.
What it does: CRS summary · Introduced in House · Mar 17, 2005
Requires additional tariffs to be imposed on products of any nonmarket economy country (Albania, Armenia, Azerbaijan, Belarus, Cambodia, Georgia, Kyrgyzstan, Laos, Moldova, the People's Republic of China (PRC), Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Vietnam, and (to the extent that any of their products enter U.S. customs territory) Cuba and North Korea), as well as any other country, determined a nonmarket economy country until the President certifies to Congress that such country is a market economy country (operating on market principles of cost and pricing structures so that sales of merchandise in such country reflect their fair value).
Directs the Secretary of the Treasury to deposit the amounts generated from such additional tariffs into the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund created by the Social Security Act.
States that, for purposes of this Act, the PRC shall not be construed to include Taiwan or any island over which Taiwan exercises jurisdiction.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require additional tariffs be imposed on products of any nonmarket economy country until the President certifies to the Congress that that country is a market economy country, and to direct the Secretary of the Treasury to deposit the amounts generated from those tariffs into the Social Security trust funds.
Latest action (Mar 29, 2005): Referred to the Subcommittee on Trade.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Mar 17, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.