HR 1450 IH
109th CONGRESS
1st Session
H. R. 1450
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
March 17, 2005
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.
END