[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2598 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2598

To extend and improve the adjustment assistance program for firms under 
                         the Trade Act of 1974.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 1, 1993

 Mr. Machtley (for himself, Mr. Saxton, Mr. Walsh, Mr. McCloskey, Mr. 
   Gallo, and Mr. Hinchey) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To extend and improve the adjustment assistance program for firms under 
                         the Trade Act of 1974.

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

SECTION 1. ELIGIBILITY OF FIRMS FOR ADJUSTMENT ASSISTANCE.

    Section 251(c) of the Trade Act of 1974 (19 U.S.C. 2341(c)) is 
amended--
            (1) by inserting ``within 30 days'' before ``(including any 
        agricultural firm)'' in the text preceding subparagraph (A) of 
        paragraph (1);
            (2) by amending subparagraph (B) of paragraph (1)--
                    (A) by striking out ``absolutely'' in clause (i), 
                and
                    (B) by inserting ``, or distinct product group,'' 
                after ``sales or production, or both, of an article'' 
                in clause (ii); and
            (3) by amending subparagraph (C) of paragraph (1) to read 
        as follows:
            ``(C) imports of articles like or directly competitive with 
        the articles or distinct product group produced by the firm 
        constitute 25 percent or more of the domestic market for the 
        articles or product group of that kind.''; and
            (4) by amending paragraph (2)--
                    (A) by striking out subparagraph (A),
                    (B) by redesignating clause (i) of subparagraph (B) 
                as subparagraph (A), and
                    (C) by redesignating clause (ii) of subparagraph 
                (B) as subparagraph (B).

SEC. 2. AUTHORIZATION OF APPROPRIATIONS.

    Section 256(b) of the Trade Act of 1974 (19 U.S.C. 2346(c)) is 
amended to read as follows:
    ``(b) There are authorized to be appropriated to the Secretary 
$15,000,000 for each of fiscal years 1994 and 1995 to enable the 
Secretary to carry out the functions under this chapter in connection 
with furnishing adjustment assistance to firms (including, but not 
limited to, the payment of principal, interest, and reasonable costs 
incident to default on loans guaranteed by the Secretary under the 
authority of this chapter), which sums are authorized to be 
appropriated to remain available until expended.''.

SEC. 3. EXTENSION OF FIRM ASSISTANCE PROGRAM.

    Section 284(b) of the Trade Act of 1974 (19 U.S.C. 2272 note) is 
amended--
            (1) by striking out ``no technical assistance may be 
        provided under chapter 3''; and
            (2) by adding at the end the following new sentence: ``No 
        technical assistance may be provided under chapter 3 after 
        September 30, 1995.''.

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