[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2814 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2814

  To require the adjustment of tariffs on products imported into the 
 United States from the People's Republic of China based on the amount 
  by which tariffs on products exported from the United States to the 
 People's Republic of China exceed tariffs on products of the People's 
           Republic of China imported into the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 5, 1997

  Mr. Taylor of Mississippi introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To require the adjustment of tariffs on products imported into the 
 United States from the People's Republic of China based on the amount 
  by which tariffs on products exported from the United States to the 
 People's Republic of China exceed tariffs on products of the People's 
           Republic of China imported into the United States.

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

SECTION 1. QUARTERLY ADJUSTMENT OF TARIFFS ON PRODUCTS OF THE PEOPLE'S 
              REPUBLIC OF CHINA.

    (a) Quarterly Determinations by Secretary of the Treasury.--The 
Secretary of the Treasury shall determine, at the end of each calendar 
quarter--
            (1) the dollar amount of tariffs paid to the People's 
        Republic of China during that quarter by persons for exporting 
        goods and services from the United States to the People's 
        Republic of China; and
            (2) the dollar amount of tariffs paid to the United States 
        during that quarter by persons for importing goods and services 
        from the People's Republic of China into the United States.
    (b) Adjustment of Tariffs.--Notwithstanding any other provision of 
law, the Secretary of the Treasury shall adjust the tariffs on all 
products of the People's Republic of China so that an amount is 
collected on imports of products of the People's Republic of China, 
during the 3-month period beginning 30 days after the end of the 
calendar quarter for which a determination is made under subsection 
(a), equal to the amount by which the dollar amount computed under 
paragraph (1) of subsection (a) exceeds the dollar amount computed 
under paragraph (2) of subsection (a).
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