U.S. Congress - H.R.499 Nonmarket Economy Trade Remedy Act of 2009
H.R.499 - Nonmarket Economy Trade Remedy Act of 2009
To amend title VII of the Tariff Act of 1930 to provide that the provisions relating to countervailing duties apply to nonmarket economy countries, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend title VII of the Tariff Act of 1930 to provide that the provisions relating to countervailing duties apply to nonmarket economy countries, and for other purposes. as introduced.
- Short: Nonmarket Economy Trade Remedy Act of 2009 as introduced.
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Official Summary
1/14/2009--Introduced.Nonmarket Economy Trade Remedy Act of 2009 - Amends the Tariff Act of 1930 to apply countervailing duties to nonmarket economies. Excludes specified factors, including a subsidy's effect, from the administering authority's consideration when determining whetOfficial Summary
1/14/2009--Introduced.Nonmarket Economy Trade Remedy Act of 2009 - Amends the Tariff Act of 1930 to apply countervailing duties to nonmarket economies. Excludes specified factors, including a subsidy's effect, from the administering authority's consideration when determining whether a countervailable subsidy exists with respect to merchandise imported from nonmarket economy countries. Authorizes the use of alternative methodologies in determining whether a subsidy is countervailable with respect to the People's Republic of China (PRC). Deems subsidies provided predominantly or disportionately by the PRC to a state-owned enterprise as specific to that enterprise. Prohibits the administering authority from considering requests for market economy treatment at the individual business enterprise level in an antidumping duty proceeding involving a nonmarket economy country. Requires congressional approval for revocation of nonmarket economy country determinations made by the administering authority....Read the Rest
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