[Congressional Bills 117th Congress] [From the U.S. Government Publishing Office] [H.R. 5289 Introduced in House (IH)] <DOC> 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.''. <all>
Assistance for Firms Harmed by Tariffs on Exports Act
#5289 | HR Congress #117
Policy Area: Foreign Trade and International Finance
Subjects:
Last Action: Referred to the Subcommittee on Trade. (9/17/2021)
Bill Text Source: Congress.gov
Summary and Impacts
Original Text