,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #fdcb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #b1 #bjaf    
,ms4 ,slaught] introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to require !        
,secret>y ( ,labor to monitor ! trade   
deficits betwe5 ! ,unit$ ,/ates & o!r   
c\ntries1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! 8,trade 
,deficit ,r$uction ,act04  #b4 ,f9d+s   
,congress f9ds ! foll[+3  7#a7 ,! ,unit$
 ,/ates has become ! _w's l>ge/ net     
debtor nation1 hav+ run up massive trade
 deficits s9ce ! mid-#aigjs4  7#b7 ,e   
ye> s9ce #aigf1 :e!r 9 expansion or     
recession1 ! ,u4,s4 has run a deficit 9 
goods & s]vices trade1 :i* weak5s &     
detracts f ,am]ica's global lead]%ip    
position4  7#c7 ,! ,unit$ ,/ates trade  
deficit 9 #aiic1 ! ye> be=e ! ,nor?     
,am]ican ,free ,trade ,agreem5t         
7,,nafta7 w5t into =ce1 0               
#gj1jjj1jjj1jjj4  7#d7 ,! ,unit$ ,/ates 
ran a #ejj1jjj1jjj1jjj deficit 9 !      

balance ( trade 9 goods & s]vices 9     
#bjae4  7#e7 ,9 #bjae1 ! ,unit$ ,/ates  
_h a trade deficit ( #fd billion )      
c\ntries ) :i* x has free trade         
agreem5ts4  7#f7 ,p]si/5t deficits weak5
 ,am]ica's economy1 def5se indu/rial    
base1 & innovation sy/em & increase !   
likelihood ( own]%ip ( l>ge segm5ts ( ! 
,u4,s4 economy by =eign int]e/s4  #c4   
,trade deficit r$uction plans & reports 
7a7 ,9 g5]al  7#a7 ,n lat] ?an #fj days 
aft] ! date ( enactm5t ( ?is ,act1 &    
annually !reaft]1 ! ,secret>y ( ,labor  
%all id5tify ea* c\ntry = :i* ! foll[+  
apply3  7,a7 ,! value ( goods & s]vices 
import$ into ! ,unit$ ,/ates exce$$--   
7i7 ! am\nt t is twice ! value ( goods &
 s]vices t are export$ f ! ,unit$ ,/ates
 to t c\ntry2 or  7ii7 #ajj1jjj1jjj1jjj4
  7,b7 ,! value ( goods & s]vices       
import$ into & export$ f ! ,unit$ ,/ates
 exce$$ #a1jjj1jjj1jjj4  7#b7 ,s\rce (  
data ,= purposes ( ?is subsection1 !    
,secret>y ( ,labor %all use ! mo/       
rec5tly available annual goods & s]vices

 trade deficit data compil$ by ! ,unit$ 
,/ates ,c5sus ,bureau4  7b7 ,trade      
deficit r$uction plans  ,) respect to   
c\ntries id5tifi$ "u subsection 7a71 !  
,secret>y ( ,labor %all1 )9 #fj days    
aft] mak+ ! det]m9ation "u subsection   
7a71 conv5e & *air a meet+ ( ! ,trade   
,policy ,review ,gr\p to develop plans (
 action to r$uce ! ,unit$ ,/ates trade  
deficit ) ^? c\ntries1 :i* %all         
include--  7#a7 ! factors contribut+ to 
! trade deficits betwe5 ! ,unit$ ,/ates 
& su* c\ntries1 includ+ b n limit$ to-- 
7,a7 in/ances 9 :i* ! c\ntry does n     
comply ) exi/+ trade obligations )      
respect to ! ,unit$ ,/ates2  7,b7       
non-t>iff trade b>ri]s2  7,c7 labor     
conditions2  7,d7 environm5tal /&>ds2   
7,e7 :e!r ! c\ntry violates its ,_w     
,trade ,organization obligations =bidd+ 
x f requir+ ,u4,s4 companies to transf] 
te*nology z a condition ( m>ket access  
or national treatm5t2 &  7,f7 :e!r !    
c\ntry int]v5es 9 curr5cy m>kets to ga9 
an unfair competitive advantage 9 trade2

  7#b7 ! /eps t w be tak5 to address !  
factors id5tifi$ 9 subsection 7b77#a71  
:i* %all n be limit$ to trade actions b 
%all1 z appropriate1 include tax1       
inve/m5t1 te*nology1 corporate          
gov]nance1 work=ce tra9+1 or o!r policy 
actions t may be effective 9 r$uc+ !    
trade deficit2 &  7#c7 z appropriate1   
recomm5dations = measures t may be tak5 
by ! individual ,/ates to address !     
factors id5tifi$ 9 subsection 7b77#a74  
7c7 ,reports  ,) respect to c\ntries    
id5tifi$ "u subsection 7a71 ! ,secret>y 
( ,labor %all-- 7#a7 )9 #ij days aft]   
mak+ ! det]m9ation "u subsection 7a71   
pres5t to ,congress a report detail+ !  
trade deficit r$uction plans develop$ "u
 subsection 7b72 &  7#b7 )9 "o ye> aft] 
mak+ ! det]m9ation "u subsection 7a71   
pres5t to ,congress a report detail+ !  
implem5tation & results ( trade deficit 
r$uction plans develop$ "u subsection   
7b74