instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
SECTION 1. AMENDMENTS TO UNITED STATES INSULAR POSSESSION PROGRAM.

    (a) Production Certificates.--The additional U.S. Note 5(h) to 
chapter 91 of the Harmonized Tariff Schedule of the United States is 
amended--
            (1) by amending subparagraphs (i) and (ii) to read as 
        follows:
``(i) In the case of each calendar quarter beginning after January 1, 
        2002, and before January 1, 2016, the Secretaries jointly, 
        shall:
        ``(A) verify for the preceding calendar quarter both the wages 
                paid by each producer to permanent residents of the 
                insular possessions (including the value of any fringe 
                benefits) and the total quantity and value of watches 
                produced in the insular possessions and imported into 
                the customs territory of the United States; and
        ``(B) issue to each producer (not later than 30 days after the 
                end of the calendar quarter) a certificate for the 
                applicable amount.
``(ii) For purposes of subparagraph (i), except as provided in 
        subparagraphs (iii) and (iv), the term `applicable amount' 
        means an amount equal to the sum of:
        ``(A) 90 percent of the producer's creditable wages (including 
                the value of any fringe benefits) on watch assembly 
                during the preceding calendar quarter (but only the 
                first 300,000 units per calendar year); plus
        ``(B) the applicable graduated declining percentage (determined 
                each year by the Secretaries) of the producer's 
                creditable wages (including the value of any fringe 
                benefits) on the assembly during the preceding calendar 
                quarter for units in excess of 300,000 that calendar 
                year, but not in excess of 750,000 that calendar year; 
                plus
        ``(C) the difference between the duties that would have been 
                due on the producer's watches (excluding digital 
                watches) imported into the customs territory of the 
                United States during the preceding quarter if they had 
                been imported from a country eligible for normal trade 
                relations subject to duty at the rates set forth in 
                column 1 under this chapter that were in effect on 
                January 1, 2001, and the duties that would have been 
                due on those watches if they had been imported from the 
                same country under the tariffs in effect for the 
                preceding calendar quarter.''; and
            (2) by amending subparagraph (v) to read as follows:
``(v)(A) Any certificate issued under subparagraph (i) shall entitle 
        the certificate holder to secure the refund of duties equal to 
        the face value of the certificate on watches, watch movements 
        and, with the exception of discrete cases, parts therefor 
        imported into the customs territory of the United States by the 
        certificate holder. Such refunds shall be made under 
        regulations issued by the Treasury Department. Not more than 5 
        percent of such refunds may be retained as a reimbursement to 
        the Customs Service for the administrative costs of making the 
        refunds. If the Secretary of the Treasury determines that there 
        is an insufficient level of duties from watch and watch-related 
        tariffs, the Secretary may authorize refunds of duties 
        collected on jewelry under chapter 71 or any other duties that 
        the Secretary determines are appropriate.
``(B) At the election of the certificate holder and upon making the 
        certification described in this clause, the Secretary of the 
        Treasury shall pay to the holder the face value of the 
        certificate, less the value of (1) any duty refund claimed by 
        the holder under the certificate, plus (2) a discount of not 
        more than 2 percent of the face value of the certificate, as 
        determined by the Secretary of the Treasury. A certificate 
        holder shall not be eligible for direct payment under this 
        clause unless the certificate holder certifies to the 
        Secretaries that the funds received will be reinvested or 
        utilized to support and continue employment in the Virgin 
        Islands.
``(C) The Secretary of the Treasury is authorized to make the payments 
        provided for in clause (B) from duties collected on watches, 
        watch movements and, with the exception of discrete cases, 
        parts therefor. If such duties are insufficient, the Secretary 
        of the Treasury is authorized to make those payments from 
        duties collected on jewelry under chapter 71 or any other 
        duties that the Secretary determines are appropriate.''.
    (b) Jewelry.--Additional U.S. Note to chapter 71 of the Harmonized 
Tariff Schedule of the United States is amended--
            (1) by redesignating paragraphs (b), (c), (d), and (e) as 
        paragraphs (c), (d), (e), and (f), respectively;
            (2) by inserting after paragraph (a) the following new 
        paragraph:
``(b) The 750,000 unit limitation in additional U.S. Note 5(h)(ii)(B) 
        to chapter 91 shall not apply to articles of jewelry subject to 
        this note.''; and
            (3) by striking paragraph (f), as so redesignated, and 
        inserting the following:
``(f) Notwithstanding any other provision of law, prior to February 9, 
        2004, any article of jewelry provided for in heading 7113 that 
        is assembled in the Virgin Islands, Guam, or American Samoa 
        shall be treated as a product of the Virgin Islands, Guam, or 
        American Samoa for purposes of this note and General Note 
        3(a)(iv) of this Schedule.''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on April 1, 2002, 
with respect to goods imported into the customs territory of the United 
States on or after January 1, 2002.
answer:
Amends the Harmonized Tariff Schedule of the United States to revise clock and watch provisions to require the Secretary of Commerce and the Secretary of the Interior, jointly, for each calendar quarter beginning after January 1, 2002, and before January 1, 2016, to: (1) verify for the preceding calendar quarter both the wages paid by each producer to permanent residents of the insular possessions (including the value of any fringe benefits) and the total quantity and value of watches produced there and imported into the U.S. customs territory; and (2) issue to each producer a certificate for the applicable amount.Directs the Secretary of the Treasury, at the election of the certificate holder, to pay to the holder the face value of the certificate, less the value of any duty refund claimed by the holder under the certificate, plus a discount of not more than two percent of the face value of the certificate as determined by the Secretary of the Treasury.


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as ``State Business Law Conformity Act of 
2004''.

SEC. 2. REFERENCES TO GENERAL PARTNERS.

    (a) Exclusion of Certain Active Businesses From at Risk Rules.--
Subclause (I) of section 465(c)(7)(D)(ii) of the Internal Revenue Code 
of 1986 (defining qualified corporate partner) is amended to read as 
follows:
                                    ``(I) such corporation is not 
                                prohibited or limited under State law 
                                from participation in the management or 
                                business of the partnership.''.
    (b) Payments to Retiring Partners.--Subparagraph (B) of section 
736(b)(3) of such Code (relating to limitation on application of 
paragraph (2)) is amended to read as follows:
                    ``(B) any portion of the retiring or deceased 
                partner's distributive share of partnership income was 
                subject to tax under section 1401.''.
    (c) Foreign Currency Transactions.--Subclause (I) of section 
988(c)(1)(E)(v) of such Code is amended to read as follows:
                                    ``(I) Certain general partners.--
                                The interest of a partner in the 
                                partnership shall not be treated as 
                                failing to meet the 20-percent 
                                ownership requirements of clause 
                                (iii)(I) for any taxable year of the 
                                partnership if for the taxable year of 
                                the partner in which such partnership 
                                taxable year ends--
                                            ``(aa) the partner is not 
                                        limited as to participation in 
                                        the management or activity of 
                                        the qualified fund, and
                                            ``(bb) such partner (and 
                                        each corporation filing a 
                                        consolidated return with such 
                                        partner) had no ordinary income 
                                        or loss from a section 988 
                                        transaction which is foreign 
                                        currency gain or loss (as the 
                                        case may be).''.
    (d) Special Valuation Rules for Generation-Skipping Tax.--Clause 
(ii) of section 2701(b)(2)(B) of such Code (relating to partnerships) 
is amended to read as follows:
                            ``(ii) in the case of a limited 
                        partnership, the holding of any interest as a 
                        partner who is not limited as to participation 
                        in management or activity of the 
                        partnership.''.
    (e) Tax Matters Partner.--Paragraph (7) of section 6231(a) of such 
Code (defining tax matters partner) is amended to read as follows:
            ``(7) Tax matters partner.--
                    ``(A) In general.--The tax matters partner of any 
                partnership is--
                            ``(i) the partner designated as the tax 
                        matters partner as provided in regulations, or
                            ``(ii) if there is no partner who has been 
                        so designated, the partner having the largest 
                        profits interest in the partnership at the 
                        close of the taxable year involved (or, where 
                        there is more than 1 such partner, the 1 of 
                        such partners whose name would appear first in 
                        an alphabetical listing).
                    ``(B) Selection by secretary.--If there is no 
                partner designated under subparagraph (A)(i) and the 
                Secretary determines that it is impracticable to apply 
                subparagraph (A)(ii), the partner selected by the 
                Secretary shall be treated as the tax matters partner. 
                The Secretary shall, within 30 days of selecting a tax 
                matters partner under the preceding sentence, notify 
                all partners required to receive notice under section 
                6223(a) of the name and address of the person selected.
                    ``(C) Restriction on designation of partner.--A 
                partner may not be designated as a tax matters partner 
                under subparagraph (A)(i) unless such partner is not 
                limited as to participation in management or activity 
                of the partnership.''.
    (f) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2004.

SEC. 3. REFERENCES TO LIMITED PARTNERS.

    (a) Limited Entrepreneur.--
            (1) In general.--Subparagraph (A) of section 464(e)(2) of 
        the Internal Revenue Code of 1986 (defining limited 
        entrepreneur) is amended by striking ``other than as a limited 
        partner''.
            (2) Conforming amendments.--
                    (A) Section 464(c) of such Code is amended--
                            (i) by striking ``limited partners or'' in 
                        paragraph (1)(B),
                            (ii) by striking ``a limited partner or'' 
                        in paragraph (2).
                    (B) Section 1256 of such Code is amended--
                            (i) by striking ``limited partners or'' 
                        each place it appears in subsections (e)(3)(B) 
                        and (f)(4),
                            (ii) by striking ``a limited partner or'' 
                        in subsection (e)(3)(C), and
                            (iii) by striking ``limited partner or'' 
                        both places it appears in the heading and text 
                        of subsection (e)(4)(A)(i).
                    (C) Section 1258(d)(5)(C) of such Code is amended--
                            (i) by striking ``limited partner or'' in 
                        the matter preceding subclause (i),
                            (ii) by striking ``limited partner's (or 
                        limited entrepreneur's) in subclause (i) and 
                        inserting ``limited entrepreneur's'', and
                            (iii) by striking ``partners and limited'' 
                        in the heading.
    (b) Passive Loss Rules.--
            (1) Subsection (h) of section 469 of such Code is amended 
        by striking paragraph (2) and by redesignating paragraphs (3), 
        (4), and (5) as paragraphs (2), (3), and (4), respectively.
            (2) Subparagraph (A) of section 469(c)(7) of such Code is 
        amended by striking the last sentence.
            (3) Paragraph (6) of section 469(i) of such Code is amended 
        by striking subparagraph (C) and by redesignating subparagraph 
        (D) as subparagraph (C).
            (4) Subsection (f) of section 772 of such Code (relating to 
        special rules for applying passive loss limitations) is amended 
        to read as follows:
    ``(f) Special Rules for Applying Passive Loss Limitations.--
            ``(1) In general.--If any person holds an interest in an 
        electing large partnership other than as a partner described in 
        paragraph (3)--
                    ``(A) paragraph (2) of subsection (c) shall not 
                apply to such partner, and
                    ``(B) such partner's distributive share of the 
                partnership items allocable to passive loss limitation 
                activities shall be taken into account separately to 
                the extent necessary to comply with the provisions of 
                section 469.
            ``(2) Exception.--Paragraph (1) shall not apply to any 
        items allocable to an interest held as a partner described in 
        paragraph (3).
            ``(3) Partner described.--For purposes of this subsection, 
        a partner is described in this paragraph if the partner is a 
        person whose participation in the management or business 
        activity of the partnership is limited under applicable State 
        law.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2004.

SEC. 4. PARTNERSHIP INCOME ATTRIBUTABLE TO CAPITAL EXCLUDED FROM NET 
              EARNINGS FROM SELF-EMPLOYMENT.

    (a) In General.--Paragraph (13) of section 1402(a) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(13) there shall be excluded the distributive share of 
        net income of a partner attributable to capital;''.
    (b) Partnership Income Attributable to Capital.--Section 1402 of 
such Code is amended by adding at the end the following new subsection:
    ``(l) Partnership Income Attributable to Capital.--
            ``(1) In general.--For purposes of subsection (a)(13), the 
        following amounts shall be treated as income attributable to 
        capital--
                    ``(A) the amount, if any, in excess of what would 
                constitute reasonable compensation for services 
                rendered by such partner to the partnership, and
                    ``(B) an amount equal to a reasonable rate of 
                return on unreturned capital of the partner determined 
                as of the beginning of the taxable year.
            ``(2) Definitions.--For purposes of paragraph (1)--
                    ``(A) Unreturned capital.--The term `unreturned 
                capital' means the excess of the aggregate amount of 
                money and the fair market value as of the date of 
                contribution of other consideration (net of 
                liabilities) contributed by the partner over the 
                aggregate amount of money and the fair market value as 
                of the date of distribution of other consideration (net 
                of liabilities) distributed by the partnership to the 
                partner, increased or decreased for the partner's 
                distributive share of all reportable items as 
                determined in section 702. If the partner acquires a 
                partnership interest and the partnership makes an 
                election under section 754, the partner's unreturned 
                capital shall take into account appropriate adjustments 
                under section 743.
                    ``(B) Reasonable rate of return.--A reasonable rate 
                of return on unreturned capital shall equal 150 percent 
                (or such higher rate as is established in regulations) 
                of the highest applicable Federal rate, as determined 
                under section 1274(d)(1), at the beginning of the 
                partnership's taxable year.
            ``(3) Regulations.--The Secretary shall prescribe such 
        regulations as may be necessary to carry out the purposes of 
        this subsection.''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to services performed in taxable years beginning 
after December 31, 2004.

SEC. 5. REPEAL OF ABILITY TO ELECT LARGE PARTNERSHIP REPORTING RULES.

    (a) In General.--Paragraph (2) of section 775(a) of the Internal 
Revenue Code of 1986 (relating to election) is amended by adding at the 
end the following: ``No election under this subsection shall be made 
after December 31, 2004.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to partnership taxable years beginning after December 31, 2004.
answer:
State Business Law Conformity Act of 2004 - Amends the Internal Revenue Code to: (1) revise certain partnership tax definitions and rules relating to general and limited partners; (2) exclude from net earnings from self-employment partnership income attributable to capital; and (3) repeal, after 2004, the election to apply large partnership (100 partners or more) tax rules.


question:
SECTION 1. AMENDMENTS TO CHAPTER 1 OF TITLE II OF THE TRADE ACT OF 
              1974.

    (a) Test for Positive Adjustments to Import Competition.--Section 
201(a) of the Trade Act of 1974 (19 U.S.C. 2251(a)) is amended by 
striking ``be a substantial cause of serious injury, or the threat 
thereof,'' and inserting ``cause or threaten to cause serious injury''.
    (b) Investigations and Determinations.--Section 202 of such Act (19 
U.S.C. 2252) is amended--
            (1) in subsection (b)(1)(A), by striking ``be a substantial 
        cause of serious injury, or the threat thereof,'' and inserting 
        ``cause or threaten to cause serious injury'';
            (2) by amending subsection (b)(1)(B) to read as follows:
            ``(B) For purposes of this section, the term `cause' refers 
        to a cause that contributes significantly to serious injury, or 
        the threat thereof, to the domestic industry but need not be 
        equal to or greater than any other cause.'';
            (3) in subsection (c)--
                    (A) by amending paragraph (1)(A) to read as 
                follows:
                    ``(A) with respect to serious injury--
                            ``(i) change in the level of sales, 
                        production, productivity, capacity utilization, 
                        profits and losses, and employment,
                            ``(ii) the significant idling of productive 
                        facilities in the domestic industry,
                            ``(iii) the inability of a significant 
                        number of firms to carry out domestic 
                        production operations at a reasonable level of 
                        profit, and
                            ``(iv) significant unemployment or 
                        underemployment within the domestic 
                        industry;'';
                    (B) in paragraph (1)(B)--
                            (i) in clause (iii) by striking ``; and'' 
                        and inserting ``, and''; and
                            (ii) by inserting after clause (iii) the 
                        following:
                            ``(iv) foreign production capacity, foreign 
                        inventories, the level of demand in third 
                        country markets, and the availability of other 
                        export markets to absorb any additional 
                        exports; and'';
                    (C) by amending paragraph (1)(C) to read as 
                follows:
                    ``(C) with respect to cause--
                            ``(i) the rate, amount, and timing of the 
                        increase in imports of the product concerned in 
                        absolute and relative terms, including whether 
                        there has been a substantial increase in 
                        imports over a short period of time, and
                            ``(ii) the share of the domestic market 
                        taken by increased imports.'';
                    (D) by redesignating paragraphs (3) through (6) as 
                paragraphs (5) through (8), respectively;
                    (E) by striking paragraph (2) and inserting the 
                following:
            ``(2) In making determinations under paragraph (1)(A) and 
        (B), if domestic producers internally transfer significant 
        production of the article like or directly competitive with the 
        imported article for the production of a downstream article and 
        sell significant production of the article like or directly 
        competitive with the imported article in the merchant market, 
        and the Commission finds that--
                    ``(A) the article like or directly competitive with 
                the imported article produced that is internally 
                transferred for processing into that downstream article 
                does not enter the merchant market for the article like 
                or directly competitive with the imported article,
                    ``(B) the article like or directly competitive with 
                the imported article is the predominant material input 
in the production of that downstream article, and
                    ``(C) the production of the article like or 
                directly competitive with the imported article sold in 
                the merchant market is not generally used in the 
                production of the downstream article,
        then the Commission, in determining market share and the 
        factors affecting financial performance set forth in paragraph 
        (1)(A) and (B), shall focus primarily on the merchant market 
        for the article like or directly competitive with the imported 
        article.
            ``(3) In making determinations under subsection (b), the 
        Commission shall--
                    ``(A) consider the condition of the domestic 
                industry over the course of the relevant business 
                cycle, but may not aggregate the causes of declining 
                demand associated with a recession or economic downturn 
                in the United States economy into a single cause of 
                serious injury or threat of injury; and
                    ``(B) examine factors other than imports which may 
                cause or threaten to cause serious injury to the 
                domestic industry.
         The Commission shall include the results of its examination 
        under subparagraph (B) in the report submitted by the 
        Commission to the President under subsection (e).
            ``(4) In making determinations under subsection (b), the 
        Commission shall consider whether any change in the volume of 
        imports that has occurred since a petition under subsection (a) 
        was filed or a request under subsection (b) was made is related 
        to the pendency of the investigation, and if so, the Commission 
        may reduce the weight accorded to the data for the period after 
        the petition under subsection (a) was filed or the request 
        under subsection (b) was made in making its determination of 
        serious injury, or the threat thereof.''; and
                    (F) in paragraph (5), as so redesignated--
                            (i) by striking ``and (B)'' and inserting 
                        ``, (B), and (C)''; and
                            (ii) by striking ``be a substantial cause 
                        of serious injury, or the threat thereof,'' and 
                        inserting ``cause or threaten to cause serious 
                        injury'';
            (4) in subsection (d)--
                    (A) in paragraph (1)(A)(ii), by striking ``be, or 
                likely to be a substantial cause of serious injury, or 
                the threat thereof,'' and inserting ``cause, or be 
                likely to cause, or threaten to cause, or be likely to 
                threaten to cause, serious injury'';
                    (B) in paragraph (1)(C), in the matter following 
                clause (ii), by striking ``a substantial cause of 
                serious injury, or the threat thereof,'' and inserting 
                ``causing or threatening to cause serious injury'';
                    (C) by amending paragraph (2)(A) to read as 
                follows:
            ``(2)(A) When a petition filed under subsection (a) or a 
        request filed under subsection (b) alleges that critical 
        circumstances exist and requests that provisional relief be 
        provided under this subsection with respect to imports of the 
        article identified in the petition or request, the Commission 
        shall, not later than 45 days after the petition or request is 
        filed, determine, on the basis of available information, 
        whether--
                    ``(i) there is clear evidence that increased 
                imports (either actual or relative to domestic 
                production) of the article are causing or threatening 
                to cause serious injury to the domestic industry 
                producing an article like or directly competitive with 
                the imported article; and
                    ``(ii) delay in taking action under this chapter 
                would cause damage to that industry that would be 
                difficult to repair.
        In making the evaluation under clause (ii), the Commission 
        should consider, among other factors that it considers 
        relevant, the timing and volume of the imports, including 
        whether there has been a substantial increase in imports over a 
        short period of time, and any other circumstances indicating 
        that delay in taking action under this chapter would cause 
        damage to the industry that would be difficult to repair.''; 
        and
                    (D) in paragraph (2)(D), by striking ``30'' and 
                inserting ``20''.
    (c) Presidential Determinations.--
            (1) Action by president.--Section 203(a) of the Trade Act 
        of 1974 (19 U.S.C. 2253(a)) is amended--
                    (A) in paragraph (1)(A), by striking ``and provide 
                greater economic and social benefits than costs'' and 
                inserting ``and will not have an adverse impact on the 
                United States substantially out of proportion to the 
                benefits of such action'';
                    (B) in paragraph (2)(F), by striking the semicolon 
                at the end of clause (iii) and inserting the following:
                ``except that the President shall give substantially 
                greater weight to the factors set out in clause (i) 
                than to those set out in clauses (ii) and (iii);''; and
                    (C) by amending paragraph (2)(I) to read as 
                follows:
                    ``(I) the potential for harm to the national 
                security of the United States; and''.
            (2) Implementation of action recommended by commission.--
        (A) Section 203(c) of the Trade Act of 1974 (19 U.S.C. 2253(c)) 
        is amended by striking ``90'' and inserting ``60''.
            (B) Section 152(c)(1) of the Trade Act of 1974 (19 U.S.C. 
        2192(c)(1)) is amended by striking ``not counting any day which 
        is excluded under section 154(b),'' and inserting ``counting 
        all calendar days in the case of a resolution described in 
        subsection (a)(1)(A), and not counting any day which is 
        excluded under section 154(b) in the case of a resolution 
        described in subsection (a)(1)(B),''.
    (d) Conforming Amendments.--
            (1) Section 203(e)(6)(B) of the Trade Act of 1974 (19 
        U.S.C. 2253(e)(6)(B)) is amended by striking ``substantially''.
            (2) Section 264(c) of the Trade Act of 1974 (19 U.S.C. 
        2354(c)) is amended by striking ``a substantial cause of 
        serious injury or threat thereof'' and inserting ``causing or 
        threatening to cause serious injury''.
            (3) Section 154(b) of the Trade Act of 1974 (19 U.S.C. 
        2194(b)) is amended by striking the matter that precedes 
        paragraph (1) and inserting the following:
    ``(b) The 60-day period referred to in section 203(c) and the 90-
day period referred to in section 407(c)(2) shall be computed by 
excluding--''.

SEC. 2. AMENDMENTS TO SECTION 332 OF THE TARIFF ACT OF 1930.

    Section 332 of the Tariff Act of 1930 (19 U.S.C. 1332) is amended 
by adding at the end the following:
    ``(h)(1) Any entity, including a trade association, firm, certified 
or recognized union, or group of workers, which is representative of a 
domestic industry that produces an article that is like or directly 
competitive with an imported article, may file a request with the 
President pursuant to paragraph (2) for the monitoring of imports of 
such article under subsection (g).
    ``(2) If the request filed under paragraph (1) alleges that an 
article is being imported into the United States in such increased 
quantities as to cause serious injury, or threat thereof, to a domestic 
industry, the President, within 45 days after receiving the request, 
shall determine if monitoring is appropriate.
    ``(3) If the determination under paragraph (2) is affirmative, the 
President shall request, under subsection (g), the Commission to 
monitor and investigate the imports concerned for a period not to 
exceed 2 years.''.

SEC. 3. EARLY RELEASE OF IMPORT DATA.

    In order to facilitate the early identification of potentially 
disruptive import surges, the Director of the Office of Management and 
Budget may grant an exception to the publication dates established for 
the release of data on United States international trade in goods and 
services in order to permit public access to preliminary international 
trade import data, if the Director notifies the Congress of the early 
release of the data.

SEC. 4. ESTABLISHMENT OF IMPORT MONITORING CENTER.

    Section 301 of the Customs Procedural Reform and Simplification Act 
of 1978 (19 U.S.C. 2075) is amended by adding at the end the following:
    ``(h) Steel Import Monitoring and Enforcement Support Center.--
There are authorized to be appropriated for a Steel Import Monitoring 
and Enforcement Support Center in the United States Customs Service, in 
addition to amounts otherwise available for such purposes, $250,000 for 
fiscal year 1999, and $1,000,000 for fiscal year 2000.''.

SEC. 5. AMENDMENT TO TARIFF ACT OF 1930.

    Section 484(f) of the Tariff Act of 1930 (19 U.S.C. 1484(f)) is 
amended--
            (1) by striking ``The Secretary'' and inserting ``(1) The 
        Secretary''; and
            (2) by adding at the end the following:
    ``(2) The Secretary of the Treasury, the Secretary of Commerce, and 
the International Trade Commission shall establish a suffix to the 
Harmonized Tariff Schedule of the United States for merchandise that is 
subject to countervailing duty orders or antidumping duty orders under 
title VII of this Act, or subject to actions by the President under 
chapter 1 of title II, or section 406, of the Trade Act of 1974.''.

SEC. 6. PRODUCT MONITORING.

    (a) In General.--The Secretary of Commerce shall monitor imports on 
a monthly basis for import surges and potential unfair trade through 
the year 2000. Products to be monitored shall be determined by the 
Secretary of Commerce based on the import surge data compiled by the 
Secretary, but shall include, at a minimum, steel mill products and 
other import-sensitive products identified by United States industries 
or entities representative of a United States industry that meet the 
necessary criteria established by the Secretary. In determining whether 
to monitor imports of a specific product, the Secretary shall consider 
the percentage increase in imports, the volume or value of imports, as 
appropriate, the level of import penetration, and any other factors the 
Secretary considers necessary.
    (b) Reporting Requirements.--Within 30 days after the release of 
the official December import statistics for calendar year 1999 and for 
calendar year 2000, the Secretary of Commerce shall submit a report to 
the Congress summarizing the monitoring activities under this section 
for that calendar year and identifying products to be monitored in the 
next calendar year. In addition, in the report to the Congress covering 
calendar year 1999, the Secretary of Commerce shall determine whether 
trade conditions during the calendar year 1999 merit extending the 
import monitoring program beyond the program's scheduled expiration at 
the end of calendar year 2000.

SEC. 7. ITC INVESTIGATION OF ANTICOMPETITIVE PRACTICES IN INTERNATIONAL 
              STEEL TRADE.

    (a) In General.--Within 30 days after the date of the enactment of 
this Act, the United States International Trade Commission shall 
commence an investigation under section 332 of the Tariff Act of 1930--
            (1) to collect information on anticompetitive practices in 
        international steel trade;
            (2) to assess the adverse effects of such practices on 
        United States producers, workers, and consumers;
            (3) to collect information on import licensing arrangements 
        of other members of the World Trade Organization; and
            (4) to report to the Committee on Ways and Means of the 
        House of Representatives, the Committee on Finance of the 
        Senate, and the United States Trade Representative on its 
        findings within 1 year after the date of the enactment of this 
        Act.
    (b) Inclusion in National Trade Estimate Report.--The United States 
Trade Representatives shall include the findings of the International 
Trade Commission under subsection (a) in a special section of the 
report submitted under section 181(b) of the Trade Act of 1974 after 
the 1-year period beginning on the date of the enactment of this Act, 
in which the Trade Representative shall identify and explain any 
anticompetitive practices in international steel trade, evaluate the 
compatibility of import licensing programs with obligations under the 
World Trade Organization, and propose steps to be taken to address 
anticompetitive practices and practices inconsistent with the World 
Trade Organization.
    (c) Definitions.--For purposes of this section, the term 
``anticompetitive practices in international steel trade'' means--
            (1) monopolies or cartels, whether or not sanctioned by 
        government authorities, which restrict the output, delivery, or 
        pricing of steel products;
            (2) agreements between steel producers, whether or not 
        sanctioned by government authorities, to restrict the flow of 
        steel products or limit price competition in international 
        steel trade; and
            (3) coercion or threats by manufacturers to distributors or 
        consumers which have the effect of restricting imports of steel 
        products.

SEC. 8. AUTHORIZATION OF APPROPRIATIONS.

    (a) Department of Commerce.--(1) There are authorized to be 
appropriated to the Department of Commerce, in addition to the amounts 
otherwise available for such purposes, $1,200,000 for fiscal year 1999 
and $5,200,000 for fiscal year 2000 for additional staff to conduct 
import monitoring, subsidy enforcement, and prompt antidumping 
investigations under subtitle B of title VII of the Tariff Act of 1930.
    (b) USTR.--There is authorized to be appropriated to the Office of 
the United States Trade Representative, in addition to amounts 
otherwise available for such purposes, $250,000 for fiscal year 1999 
and $750,000 for fiscal year 2000 for additional staff--
            (1) to promote and defend policy with respect to United 
        States import safeguards and countervailing or antidumping duty 
        actions if challenged in the World Trade Organization; and
            (2) to identify foreign trade-distorting measures and 
        develop policies and responsive actions to address them.
    (c) ITC.--There are authorized to be appropriated to the Office of 
the United States International Trade Commission, in addition to 
amounts otherwise available for such purposes, such sums as may be 
necessary for fiscal year 1999, and such sums as may be necessary for 
each of fiscal years 2000 through 2002, for additional staff to make 
prompt determinations under section 202 (b) and (d) of the Trade Act of 
1974.
answer:

(Sec. 1) Revises certain factors the International Trade Commission (ITC) must consider when investigating to determine whether an article is being imported into the United States in such increased quantities as to be a substantial cause of serious injury (or threat) to the domestic industry producing an article like or directly competitive with the imported article.  Repeals, similarly, the requirement that such injury be substantial.
Directs the ITC, when a petition filed by an industry (or a request by the President, United States Trade Representative (USTR), a resolution of specified congressional committees, or on the ITC's own motion) requesting a positive adjustment to import competition alleges that critical circumstances exist, to make a serious injury (or threat) determination with respect to such competition not later than 45 days (currently 60 days) after such petition or request is filed.  Requires the President within 20 days (currently, 30 days) after receiving an affirmative determination to provide provisional relief to prevent or remedy such injury.  Requires with respect to the implementation of such provisional relief that it will not have an adverse impact on the United States substantially out of proportion to the benefits of such action.
Requires provisional relief recommended by the ITC to take effect upon the enactment of a joint resolution of Congress within the 60 day (currently, 90 day) period beginning on the date that the President reports to Congress on what action, if any, is to be taken.
(Sec. 2) Amends the Tariff Act of 1930 to authorize an entity (including a trade association, firm, certified or recognized union, or group of workers which is representative of a domestic industry that produces an article that is like or directly competitive with an imported article) to file a request to monitor to such imports, based on a petition that alleges that an article is being imported into the United States in such increased quantities as to cause serious injury (or threat) to the domestic industry.  Requires the President to determine whether to monitor within 45 days after receiving a request.
(Sec. 3) Authorizes the Director of the Office of Management and Budget, in order to facilitate the early identification of potentially disruptive import surges, to grant an exception to the publication dates established for the release of data on U.S. international trade in goods and services in order to permit public access to preliminary international trade import data, if the Director notifies Congress of the early release of such data.
(Sec. 4) Amends the Customs Procedural Reform and Simplification Act of 1978 to authorize appropriations to establish a Steel Import Monitoring and Enforcement Support Center in the Customs Service.
(Sec. 5) Directs the Secretary of the Treasury, the Secretary of Commerce, and the ITC to establish a suffix to the Harmonized Tariff Schedule of the United States for merchandise that is subject to countervailing duty orders or antidumping duty orders.
(Sec. 6) Directs the Secretary of Commerce to monitor, and report to Congress on, imports (including steel mill products and other import-sensitive products) on a monthly basis for import surges and potential unfair trade through 2000.
(Sec. 7) Directs the ITC to investigate, collect information, and report to specified congressional committees on anticompetitive practices in international steel trade.  Requires the ITC's findings to be included in the National Trade Estimate report.
(Sec. 8) Authorizes appropriations.