,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #aib  ,,in ,,the ,,house ,,of   
,,representatives  ,january #d1 #bjac   
,ms4 ,kaptur introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to require that1 in cases in   
which the annual trade deficit between  
the ,united ,states and another country 
is #aj1jjj1jjj1jjj or more for #c       
consecutive years1 the ,president take  
the necessary steps to create a more    
balanced trading relationship with that 
country4  #a4 ,short title ,this ,act   
may be cited as the ,balancing ,trade   
,act of #bjac4  #b4 ,action by the      
,president in cases of large consecutive
 annual trade deficits with other       
countries  7a7 ,action by the ,president
 ,if in #c consecutive calendar years   
the ,united ,states has a trade deficit 
with another country of #aj1jjj1jjj1jjj 
or more1 the ,president shall take the  
necessary steps to create a trading     
relationship with the country that would

 eliminate or substantially reduce that 
trade deficit1 by entering into an      
agreement with that country or          
otherwise4  7b7 ,definition ,in this    
section1 the term trade deficit means1  
with respect to the ,united ,states and 
another country1 that the value of goods
 and services that are products of that 
country and are imported into the       
,united ,states from that country       
exceeds the value of goods and services 
that are products of the ,united ,states
 and are exported from the ,united      
,states to that country4  7c7 ,reports  
7#a7 ,initial report ,not later than #c 
months after the date of the enactment  
of this ,act1 the ,president shall      
submit to the ,congress a report setting
 forth--  7,a7 the likely reasons for   
the trade deficits with each country to 
which subsection 7a7 applies1 as of the 
date of the report2 and  7,b7 the steps 
the ,president intends to take under    
subsection 7a7 with respect to each such
 country4  7#b7 ,annual reports ,the    

,president shall submit to the          
,congress1 not later than ,december #ca 
of each year1 a report on actions taken 
to carry out this section4