[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 571 Introduced in House (IH)]
110th CONGRESS
1st Session
H. R. 571
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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 18, 2007
Mr. Tancredo introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. ADDITIONAL TARIFFS ON PRODUCTS OF NONMARKET ECONOMY
COUNTRIES.
(a) In General.--Notwithstanding the provisions of title I of
Public Law 106-286 (19 U.S.C. 2431 note), title IV of the Trade Act of
1974 (19 U.S.C. 2431 et seq.), or any other provision of law, and
subject to subsection (b), there shall be imposed on any article that
is the growth, product, or manufacture of a nonmarket economy country
and is imported directly or indirectly into the United States, in
addition to any other duty that would otherwise apply to such article--
(1) a rate of duty of 5 percent ad valorem during the 1-
year period beginning on the effective date of this Act; and
(2) an additional duty of 1 percent ad valorem in each
succeeding 1-year period.
(b) Certification.--Subsection (a) shall cease to apply to a
country at such time as the President certifies to the Congress that
the country is a market economy country.
(c) Definitions.--In this section:
(1) Nonmarket economy country.--The term ``nonmarket
economy country'' means the following:
(A) Albania, Armenia, Azerbaijan, Belarus,
Cambodia, Georgia, Kyrgyzstan, Laos, Moldova, the
People's Republic of China, Tajikistan, Turkmenistan,
Ukraine, Uzbekistan, and Vietnam.
(B) Cuba and North Korea, to the extent that any
products of those countries enter the customs territory
of the United States.
(C) Any other country that the President determines
is a nonmarket economy country as defined in section
771 of the Tariff Act of 1930 (19 U.S.C. 1677).
(2) Market economy country.--The term ``market economy
country'' means a country that operates on market principles of
cost and pricing structures so that sales of merchandise in
such country reflect the fair value of the merchandise.
SEC. 2. DEPOSITS OF TARIFFS IN SOCIAL SECURITY TRUST FUNDS.
The Secretary of the Treasury shall deposit into the Federal Old-
Age and Survivors Insurance Trust Fund created by section 201(a) of the
Social Security Act, and the Federal Disability Insurance Trust Fund
created by section 201(b) of that Act, in such proportions as the
Secretary may determine, amounts equal to the duties collected under
section 1(a), less such amounts that the Secretary determines are
necessary to administer the collection of such duties.
SEC. 3. CONSTRUCTION.
For purposes of this Act, the People's Republic of China shall not
be construed to include Taiwan or any island over which Taiwan
exercises jurisdiction.
SEC. 4. EFFECTIVE DATE.
This Act shall take effect on the 15th day after the date of the
enactment of this Act.
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