3.0.0 592 2023-01-15T22:48:19Z 2023-01-15T22:48:19Z Senate S S 2003-03-11 108 ssfi00 Finance Committee Senate Standing Referred to 2003-03-11T21:45:34Z 2003-03-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-03-11 Sponsor introductory remarks on measure. (CR S3516-3517) IntroReferral B00100 9 Library of Congress 2003-03-11 Introduced in Senate IntroReferral 10000 9 Library of Congress H000725 Sen. Hollings, Ernest F. [D-SC] ERNEST HOLLINGS D SC FREDERICK N I000025 Sen. Inouye, Daniel K. [D-HI] DANIEL INOUYE D HI KEN 2003-07-14 False Taxation Armed Forces and National Security Buy American Child labor Commerce Conferences Congress Congressional oversight Congressional reporting requirements Corporate mergers Corporation taxes Customs administration Department of Commerce Department of Homeland Security Dispute settlement Dumping Economic statistics Executive reorganization Export-Import Bank of the United States Families Federal advisory bodies Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Foreign tax credit Free trade Government Operations and Politics Government contractors Government paperwork Government procurement Import restrictions Imports Income tax Industrial capacity Industrial management Industrial statistics International Affairs International agencies International competitiveness International cooperation International organization Labor and Employment Overseas Private Investment Corporation Partnerships Science, Technology, Communications Stock exchanges Stockholders Stocks Tariff Tax evasion Tax havens Technological innovations Textile fabrics Trade agreements Trade negotiations Taxation 00 2003-03-11 Introduced in Senate 2003-12-11T22:38:13Z Save American Manufacturing Act of 2003 - Establishes within the Department of Commerce an Office of Manufacturing which shall be responsible, among other things, for developing policies to preserve and enhance the industrial base of the United States.

Establishes the WTO Dispute Settlement Review Commission which shall review: (1) all reports of dispute settlement panels or the Appellate Body of the World Trade Organization (WTO) in proceedings initiated by other WTO parties which are adverse to the United States and adopted by the Dispute Settlement Body; and (2) upon the U.S. Trade Representative's request, any other report of a dispute settlement panel or the Appellate Body adopted by the Dispute Settlement Body.

Sets forth certain requirements regarding the congressional review of WTO dispute settlement procedures and U.S. participation in the WTO and WTO panel proceedings.

Amends specified laws to prohibit the Export-Import Bank of the United States and the Overseas Private Investment Corporation (OPIC) from guaranteeing, insuring or reinsuring, financing, or extending credit in connection with any project involving the the production of any commodity less than 80 percent of the value of which is attributable to content produced, manufactured, mined, or grown in the United States.

Abolishes the International Trade Commission and transfers all its functions to the Assistant Secretary of Commerce for Import Administration of the Department of Commerce.

Imposes Buy-American requirements on the Department of Homeland Security, with specified exceptions.

Prohibits the sale in interstate commerce of goods manufactured by child labor.

Expresses the sense of the Senate that the Byrd Amendment (regarding the distribution of antidumping duties to affected domestic producers) is consistent with U.S. obligations under the WTO.

Amends the Internal Revenue Code to: (1) extend the meaning of domestic corporation (subject to Federal taxation) to the acquiring corporation in a corporate expatriation transaction; (2) include income from U.S. imports in subpart F (controlled foreign corporations) income; and (3) deny reduced rates of any withholding tax under any U.S. income tax treaty with a foreign country to any foreign entity unless it is predominantly owned by individuals who are residents of such country.

]]> Save American Manufacturing Act of 2003 Display Title Save American Manufacturing Act of 2003 Official Title as Introduced A bill to establish an Office of Manufacturing in the Department of Commerce, and for other purposes. Introduced in Senate IS Short Titles as Introduced Save American Manufacturing Act of 2003 Introduced in Senate 2003-03-11T05:00:00Z 2003-03-11 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.