Requires distribution of duties collected after an antidumping decision to injured domestic producers. Lowers injury threshold in safeguard actions under Section 201 of the 1974 Trade Act. Establishes an import monitoring program for foreign steel. Allows dumping and subsidies cases to be brought in federal district court. Duties set by court upon finding of liability would be paid to the complainants in the cases.
Program is directed at smaller and medium-sized steel companies.
Representatives Visclosky and Regula and passed by House by a vote of 289 to 141. Establishes an import monitoring program for foreign steel. H.R.1120 Representatives Levin and Houghton Lowers injury threshold in safeguard actions under Section 201 of the 1974 Trade Act. Establishes an import monitoring program for foreign steel and authorizes funds for improved monitoring and enforcement relating to circumvention. Creates mechanism to investigate private anticompetitive behavior in foreign markets.