II 109th CONGRESS 1st Session S. 593 IN THE SENATE OF THE UNITED STATES March 10, 2005 Ms. Collins (for herself, Mr. Bayh, Mr. Burr, Mr. Santorum, Mr. Schumer, Mr. DeWine, Mr. Durbin, Mrs. Dole, Mr. Byrd, Ms. Mikulski, Mr. Graham, Mr. Lieberman, Mr. Pryor, Mrs. Lincoln, Mr. Rockefeller, Mr. Baucus, and Mr. Lott) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend title VII of the Tariff Act of 1930 to provide that the provisions relating to countervailing duties apply to nonmarket economy countries.

1.

Short title

This Act may be cited as the Stopping Overseas Subsidies Act of 2005.

2.

Application of countervailing duties to nonmarket economy countries

Section 701(a)(1) of the Tariff Act of 1930 (19 U.S.C. 1671(a)(1)) is amended by inserting (including a nonmarket economy country) after country each place it appears.

3.

Effective date

The amendments made by section 2 apply to petitions filed under section 702 of the Tariff Act of 1930 on or after the date of the enactment of this Act.