Stop Mexico’s Steel Surge Act

Bill: 118-s-3917
Sponsor: full_name: Sen. Cotton, Tom [R-AR]
Introduced: 2024-03-12
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2024-03-12
text: Read twice and referred to the Committee on Finance.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 3917 IN THE SENATE OF THE UNITED STATES March 12, 2024 Mr. Cotton (for himself, Mr. Brown , Mr. Rubio , Mr. Casey , Mr. Scott of Florida , Mr. Budd , Ms. Warren , Mr. Braun , Mr. Vance , and Mr. Boozman ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To require the Secretary of Commerce to reimpose duties on steel imported into the United States from Mexico, and for other purposes.

1. Short title This Act may be cited as the Stop Mexico’s Steel Surge Act . 2. Reimposition of duties on and establishment of quotas or tariff rate quotas for steel imported into the United States from Mexico (a) Sense of Congress It is the sense of Congress that— (1) the Government of Mexico is in material breach of the commitments made under the Joint Statement; and (2) that material breach has caused significant damage to the steel industry in the United States, which is vital to the national security of the United States. (b) Reimposition of duties (1) In general Pursuant to section 232 of the Trade Expansion Act of 1962 ( 19 U.S.C. 1862 ), for a period of not less than one year, the Secretary of Commerce shall impose duties on steel imported into the United States from Mexico equivalent to the duties that were in place on May 16, 2019. (2) Lifting of duties The Secretary of Commerce may not decrease or eliminate the duties required to be imposed under paragraph (1) unless the Secretary of Commerce and the United States Trade Representative certify to Congress that— (A) the Government of Mexico has adopted policies and practices to bring that Government into compliance with the terms of the Joint Statement; and (B) the Secretary of Commerce and the United States Trade Representative are confident that the Government of Mexico will maintain the policies necessary to remain in compliance with its commitments to the United States in connection with the Joint Statement. (c) Quotas or tariff rate quotas The President may impose supplementary quotas or tariff rate quotas on steel imported into the United States from Mexico to ensure that imports of steel into the United States from Mexico return to historic volumes of trade, as specified under the Joint Statement. (d) Joint Statement defined In this section, the term Joint Statement means the Joint Statement by the United States and Mexico on Section 232 Duties on Steel and Aluminum, agreed to on May 17, 2019.