[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1450 Introduced in House (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.
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