Assistance for Firms Harmed by Tariffs on Exports Act

#5289 | HR Congress #117

Last Action: Referred to the Subcommittee on Trade. (9/17/2021)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5289 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5289

  To amend the Trade Act of 1974 to provide adjustment assistance to 
  firms adversely affected by reduced exports resulting from tariffs 
  imposed as retaliation for United States tariff increases, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 17, 2021

Mr. Schneider introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Trade Act of 1974 to provide adjustment assistance to 
  firms adversely affected by reduced exports resulting from tariffs 
  imposed as retaliation for United States tariff increases, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Assistance for Firms Harmed by 
Tariffs on Exports Act''.

SEC. 2. ADJUSTMENT ASSISTANCE FOR FIRMS.

    Subparagraph (C) of section 251(c)(1) of the Trade Act of 1974 (19 
U.S.C. 2341) is amended to read as follows:
            ``(C) either--
                    ``(i) increases of imports of articles or services 
                like or directly competitive with articles which are 
                produced or services which are supplied by such firm 
                contributed importantly to such total or partial 
                separation, or threat thereof, and to such decline in 
                sales or production; or
                    ``(ii)(I) exports of articles or services produced 
                or supplied by such firm have decreased as a result, in 
                whole or in part, from tariffs imposed on such exports 
                by a foreign country in response to United States 
                tariffs imposed on the imports of such country pursuant 
                to an action taken under the authority of--
                                    ``(aa) section 232 of the Trade 
                                Expansion Act of 1962 (19 U.S.C. 1862);
                                    ``(bb) section 301 of the Trade Act 
                                of 1974 (19 U.S.C. 2411); or
                                    ``(cc) the International Emergency 
                                Economic Powers Act (Public Law 95-
                                223); and
                    ``(II) the decrease in such exports contributed 
                importantly to such total or partial separation, or 
                threat thereof, and to such decline in sales or 
                production.''.
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