Balanced Trade Act of 2006

3.0.0 6050 2023-01-12T17:52:20Z 2023-01-12T17:52:20Z House H HR 2006-09-08 109 hswm00 Ways and Means Committee House Standing Referred to 2006-09-08T18:01:05Z 2006-09-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-09-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-09-08 Introduced in House IntroReferral 1000 9 Library of Congress M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 N Foreign Trade and International Finance Balance of payments Economics and Public Finance Gross national product Import restrictions Imports Tariff Foreign Trade and International Finance

00 2006-09-08 Introduced in House 2006-11-30T19:43:57Z Balanced Trade Act of 2006 - Amends the Trade Act of 1974 to require the President whenever there is a trade deficit that exceeds 2% of the gross domestic product (GDP) to: (1) restrict imports; and (2) proclaim, for a determined period, a temporary import surcharge of not less than 20% ad valorem on articles imported into the United States. (Currently, the President has the authority to temporarily impose import surcharges (not to exceed 15% ad valorem) and import restrictions on articles in certain situations of fundamental international payments problems.)

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Balanced Trade Act of 2006 Display Title Balanced Trade Act of 2006 Official Title as Introduced To amend the Trade Act of 1974 to require the President to make a determination that a fundamental international payments problem exists and to proclaim a temporary import surcharge whenever the United States current account deficit exceeds 2 percent of the United States Gross Domestic Product. Introduced in House IH Short Titles as Introduced Balanced Trade Act of 2006 Introduced in House 2006-09-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr6050ih/xml/BILLS-109hr6050ih.xml 2006-09-08 Referred to the House Committee on Ways and Means. 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.