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S 219 IS

To amend the Tariff Act of 1930 to clarify the adjustments to be made in determining export price and constructed export price.

January 28, 2003

Mr. CRAIG (for himself, Mr. Baucus, Mr. Lott, Mr. Crapo, Mr. SESSIONS, Ms. Snowe, Ms. Collins, Mr. Cochran, Mrs. Lincoln, Mr. Burns, and Mr. Miller) introduced the following bill; which was read twice and referred to the Committee on Finance

To amend the Tariff Act of 1930 to clarify the adjustments to be made in determining export price and constructed export price.

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

SECTION 1. EXPORT PRICE AND CONSTRUCTED EXPORT PRICE.

(a) IN GENERAL- Section 772(c)(2)(A) of the Tariff Act of 1930 (19 U.S.C. 1677a(c)(2)(A)) is amended by inserting `(including countervailing duties imposed under this Act)' after `duties'.

(b) APPLICATION TO CANADA AND MEXICO- Pursuant to article 1902 of the North American Free Trade Agreement and section 408 of the North American Free Trade Agreement Implementation Act, the amendment made by this section shall apply with respect to goods from Canada and Mexico.

(c) EFFECTIVE DATE- The amendment made by this section shall apply with respect to determinations made under title VII of the Tariff Act of 1930 that--

(1) are made with respect to investigations initiated or petitions filed after the date of enactment of this section; or

(2) have not become final as of the date of enactment of this section.