,i #aai? ,,congress #b;d ,session ,h4 ,r4 #ajgei ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #f1 #bjbf,mr4 ,james introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to e/abli% a t>iff-fund$ program to protect ,unit$ ,/ates manufactur]s1 work]s1 f>m]s1 & supply *a9s f disproportionate economic h>m result+ f t>iffs & =eign retaliatory measures1 to enc\rage dome/ic inve/m5t & re%or+1 & = o!r purposes4 #a4 ,%ort title & table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,t>iff ,relief = ,am]ican ,developm5t & ,employm5t ,act ( #bjbf or ! ,,trade ,act ( #bjbf4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title & table ( cont5ts4 ,sec4 #b4 ,purposes4 ,sec4 #c4 ,def9itions4 ,title ,i--,t>iff ,impact ,relief ,program ,sec4 #aja4 ,e/abli%m5t4 ,sec4 #ajb4 ,eligibility requirem5ts4 ,sec4 #ajc4 ,types ( assi/ance4 ,sec4 #ajd4 ,priority provisions4 ,sec4 #aje4 ,limitation provisions4 ,sec4 #ajf4 ,database & audits4 ,sec4 #ajg4 ,sunset & evaluation4 ,title ,,ii--,,trade ,fund ,sec4 #bja4 ,e/abli%m5t4 ,sec4 #bjb4 ,am\nts4 ,sec4 #bjc4 ,protection ( g5]al rev5ues4 ,title ,,iii--,adm9i/rative provisions ,sec4 #cja4 ,report4 ,sec4 #cjb4 ,rule ( con/ruction4 ,sec4 #cjc4 ,s5se ( ,congress4 ,sec4 #cjd4 ,regulations4 #b4 ,purposes ,! purposes ( ?is ,act are-- 7#a7 to pres]ve t>iffs z an in/rum5t ( ,unit$ ,/ates trade & national-security policy2 7#b7 to recognize t ! co/s associat$ ) t>iffs & =eign retaliation may fall disproportionately on p>ticul> ,unit$ ,/ates manufactur]s1 f>m]s1 work]s1 indu/ries1 & regions2 7#c7 to prev5t o!rwise competitive ,unit$ ,/ates bus9esses f r$uc+ production1 delay+ inve/m5t1 relocat+ production outside ! ,unit$ ,/ates1 or elim9at+ ,unit$ ,/ates jobs solely because ( extraord9>y t>iff-relat$ co/s2 7#d7 to d$icate a portion ( t>iff rev5ue to /r5g!n+ ,unit$ ,/ates productive capacity2 7#e7 to provide t>get$1 tempor>y assi/ance to ,unit$ ,/ates bus9esses t demon/rate actual t>iff-relat$ economic injury2 7#f7 to rew>d bus9esses t ma9ta9 ,unit$ ,/ates employm5t1 exp& dome/ic production1 re%ore supply *a9s1 & inve/ 9 ,unit$ ,/ates facilities2 & 7#g7 to ensure t t>iff relief /r5g!ns ,unit$ ,/ates indu/ry r ?an subsidiz+ =eign production4 #c4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]m cov]$ t>iff action means an increase 9 a duty1 t>iff1 or o!r import *>ge impos$ by ! ,unit$ ,/ates aft] ,janu>y #bj1 #bjbe1 pursuant to any provision ( ,f$]al law1 z designat$ by ! ,secret>y ( ! ,treasury2 7#b7 ! t]m ,fund means ! ,t>iff ,relief = ,am]ican ,developm5t & ,employm5t ,fund or ,,trade ,fund e/abli%$ by section #bja2 7#c7 ! t]m net t>iff injury includes-- 7,a7 duties actually paid on inputs2 7,b7 losses result+ f =eign retaliatory t>iffs2 & 7,c7 lo/ export sales demon/rably attributable to retaliatory trade measures4 7#d7 ! t]m p]son means an individual or entity2 7#e7 ! t]m ,program means ! ,t>iff ,impact ,relief ,program e/abli%$ pursuant to section #aja2 7#f7 except z o!rwise provid$1 ! t]m ,secret>y means ! ,secret>y ( ,comm]ce2 & 7#g7 ! t]m ,/ate means any ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 any t]ritory ( ! ,unit$ ,/ates1 ,pu]to ,rico1 ,guam1 ,am]ican ,samoa1 ! ,tru/ ,t]ritory ( ! ,pacific ,isl&s1 ! ,virg9 ,isl&s1 & ! ,nor!rn ,m>iana ,isl&s4 ,i ,t>iff ,impact ,relief ,program #aja4 ,e/abli%m5t 7a7 ,9 g5]al ,! ,secret>y1 9 consultation ) ! ,secret>y ( ! ,treasury & ! ,unit$ ,/ates ,trade ,repres5tative1 %all e/abli% & adm9i/] a program1 to be kn[n z ! ,t>iff ,impact ,relief ,program1 to provide assi/ance describ$ 9 section #ajc to p]sons t meet ! eligibility requirem5ts ( section #ajb4 #ajb4 ,eligibility requirem5ts 7a7 ,9 g5]al ,to receive assi/ance "u ! ,program1 a p]son %all demon/rate to ! ,secret>y t-- 7#a7 ! p]son-- 7,a7 conducts sub/antial production1 manufactur+1 agricultural1 process+1 or relat$ productive activity 9 ! ,unit$ ,/ates2 7,b7 has incurr$ a docum5t$ net t>iff injury & ! injury is mat]ial relative to ! applicant's rev5ue1 payroll1 op]at+ m>g91 capital exp5ditures1 or co/ ( production2 & 7,c7 is 9 compliance ) applicable ,f$]al tax & labor laws1 z det]m9$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ! ,treasury & ! ,unit$ ,/ates ,trade ,repres5tative2 & 7#b7 assi/ance "u ! program w contribute to ! p]son ma9ta9+ or increas+ production1 employm5t1 inve/m5t1 or productive capacity 9 ! ,unit$ ,/ates4 7b7 ,keep x 9 ,am]ica requirem5ts ,to receive assi/ance "u ! program1 a p]son %all agree to-- 7#a7 ma9ta9 sub/antially all production receiv+ ! assi/ance 9 ! ,unit$ ,/ates2 7#b7 n use ! assi/ance to f9ance ! relocation ( ,unit$ ,/ates production to a =eign c\ntry2 7#c7 ma9ta9 employm5t at dome/ic facilities1 subject to reasonable exceptions = ord9>y bus9ess fluctuations2 7#d7 use ! assi/ance = work+ capital1 payroll1 dome/ic capital inve/m5t1 dome/ic s\rc+1 work] tra9+1 productivity improvem5ts1 or o!r eligible dome/ic purposes2 7#e7 disclose mat]ial relocations ( production outside ! ,unit$ ,/ates2 & 7#f7 repay ! assi/ance1 9 :ole or 9 "p1 if ! p]son mat]ially violates any ( ! requirem5ts ( p>agraphs 7#a7 ?r\gh 7#e74 #ajc4 ,types ( assi/ance 7a7 ,refundable t>iff impact cr$it 7#a7 ,9 g5]al ,assi/ance may be provid$ 9 ! =m ( a refundable cr$it = net t>iff injuries t are a result ( cov]$ t>iff actions4 7#b7 ,limitation ,! am\nt ( assi/ance provid$ "u ?is subsection = a net t>iff injury1 9 addition to o!r assi/ance provid$ = ! same net t>iff injury1 may be provid$ up to ! full am\nt ( ! p]son's docum5t$ net t>iff injury1 subject to section #aje7;b7 & availability ( funds4 7b7 ,t>iff work+-,capital loans 7#a7 ,9 g5]al ,assi/ance may be provid$ 9 ! =m ( l[-int]e/ loans to p]sons exp]i5c+ %ort-t]m liquidity con/ra9ts attributable to-- 7,a7 t>iffs on manufactur+ inputs2 7,b7 retaliatory =eign t>iffs2 7,c7 supply-*a9 disruptions caus$ by cov]$ t>iff actions2 or 7,d7 extraord9>y inv5tory1 s\rc+1 or production-transition co/s caus$ by cov]$ t>iff actions4 7#b7 ,o!r t]ms & conditions ,a loan au?oriz$ "u ?is subsection %all-- 7,a7 h a t]m ( n m ?an #aj ye>s2 7,b7 c>ry an int]e/ rate suffici5t to provide = ! ,f$]al ,gov]nm5t's co/ ( funds & expect$ program losses2 7,c7 p]mit accel]at$ repaym5t )\t p5alty2 & 7,d7 receive priority consid]ation = p]sons :o are small- & m$ium-siz$ manufactur]s4 7c7 ,am]ican inve/m5t cr$it ,assi/ance may be provid$ = inve/m5ts t-- 7#a7 e/abli% or exp& production 9 ! ,unit$ ,/ates2 7#b7 re%ore production or critical supply *a9s2 7#c7 sub/itute ,unit$ ,/ates-made inputs = t>iff-affect$ =eign inputs2 7#d7 exp& dome/ic production ( critical m9]als1 metals1 compon5ts1 ma*9e tools1 semiconductors1 vehicles1 def5se products1 ph>maceuticals1 agricultural products1 or o!r /rategically important goods2 7#e7 mod]nize ,unit$ ,/ates manufactur+ facilities2 or 7#f7 tra9 or reta9 ,unit$ ,/ates work]s necess>y = su* production4 7d7 ,rapid relief = critical employ]s 7#a7 ,9 g5]al ,! ,secret>y may provide assi/ance 9 ! =m ( em]g5cy bridge f9anc+ if a t>iff-relat$ liquidity crisis creates an imm95t risk (-- 7,a7 closure ( a ,unit$ ,/ates manufactur+ facility2 7,b7 sub/antial lay(fs2 7,c7 int]ruption ( a critical dome/ic supply *a92 or 7,d7 loss ( productive capacity important to economic or national security4 7#b7 ,audit & recapture ,assi/ance provid$ "u ?is subsection %all be subject to audit+ & recapture requirem5ts4 #ajd4 ,priority provisions 7a7 ,t>iff exposure =mula 7#a7 ,9 g5]al ,! ,secret>y %all provide assi/ance "u ! ,program to p]sons accord+ to demon/rat$ economic exposure r ?an geographic or political consid]ations4 7#b7 ,consid]ations ,9 provid+ assi/ance "u ! ,program1 ! ,secret>y %all1 ) respect to a p]son1 consid]-- 7,a7 t>iffs actually paid2 7,b7 exposure to =eign retaliatory t>iffs2 7,c7 dep5d5ce ^u integrat$ int]national supply *a9s2 7,d7 t>iff-relat$ increases 9 production co/s2 7,e7 ! numb] ( ,unit$ ,/ates jobs at risk2 7,f7 ! economic importance ( ! affect$ facility to ! surr\nd+ community2 7,g7 ! difficulty ( obta9+ economically viable dome/ic sub/itutes 9 ! %ort t]m2 7,h7 ! applicant's plans to increase dome/ic s\rc+ or production2 & 7,i7 :e!r t>iff co/s ?reat5 ! competitiv5ess ( ,unit$ ,/ates-made products aga9/ f9i%$ =eign goods4 7b7 ,regional conc5tration ,9 provid+ assi/ance "u ! ,program1 ! ,secret>y may take into acc\nt :e!r t>iff-relat$ economic injury is disproportionately conc5trat$ )9 a ,/ate1 region1 indu/rial corridor1 or labor m>ket4 7c7 ,no ,/ate quotas ,no?+ 9 ?is section may be con/ru$ to e/abli% an entitlem5t or pr$et]m9$ allocation = any ,/ate4 7d7 ,integrat$ ,nor? ,am]ican supply *a9s 7#a7 ,9 g5]al ,9 evaluat+ a net t>iff injury ( a p]son1 ! ,secret>y %all1 = p]sons ) manufactur+ op]at+ )9 highly integrat$ ,nor? ,am]ican supply *a9s-- 7,a7 evaluate cumulative t>iff co/s incurr$ dur+ ! production process2 7,b7 avoid treat+ repeat$ bord] cross+s ( sub/antially ! same int]m$iate good z sep>ate economic b5efits to ! p]son2 7,c7 prioritize inve/m5ts t r$uce unnecess>y cross-bord] exposure :ile pres]v+ economically effici5t ,unit$ ,/ates production2 & 7,d7 recognize dome/ic value add$ & ,unit$ ,/ates employm5t :5 det]m9+ eligibility4 7#b7 ,rule ( con/ruction ,no?+ 9 ?is section may be con/ru$ to sup]s$e ! ,unit$ ,/ates-,mexico-,canada ,agreem5t or applicable rules ( orig94 7e7 ,small- & m$ium-,siz$ firms 7#a7 ,9 g5]al ,9 provid+ assi/ance "u ! ,program1 ! ,secret>y %all ensure t n less ?an #ce p]c5t ( assi/ance provid$ annually is provid$ to p]sons describ$ 9 p>agraph 7#b74 7#b7 ,p]sons describ$ ,p]sons describ$ 9 ?is p>agraph are-- 7,a7 small ent]prises1 :i* %all mean a bus9ess t qualifies z a small bus9ess conc]n "u section #c7;a7 ( ! ,small ,bus9ess ,act 7,,sba7 & ! ,,sba size /&>d = its prim>y indu/ry2 & 7,b7 m$ium-siz$ ent]prises1 :i* %all mean a bus9ess t exce$s t indu/ry's ,,sba num]ical size /&>d b does n exce$ twice t /&>d4 ,= ea* type ( ent]prise describ$ 9 subp>agraphs 7,a71 7,b71 & 7,c71 size %all be measur$ us+ ! applicable employee or annual-receipts te/1 includ+ affiliates4 7#c7 ,t]ms & conditions ,! ,secret>y %all1 ) respect to small- & m$ium-siz$ ,unit$ ,/ates manufactur]s1 agricultural produc]s1 processors1 & suppli]s t apply = assi/ance "u ! ,program1 e/abli%-- 7,a7 an exp$it$ application process2 7,b7 simplifi$ docum5tation requirem5ts2 7,c7 te*nical assi/ance2 7,d7 a #cj-;day t>get = decisions on complete applications involv+ acute work+-capital ne$s2 & 7,e7 reasonable safegu>ds prev5t+ l>ge ent]prises 7:i* %all mean a bus9ess t exce$s twice t indu/ry's ,,sba num]ical size /&>d7 f r\t+ applications ?r\gh subsidi>ies solely to obta9 small-bus9ess pref]5ces4 7f7 ,am]ican work] protection ,9 provid+ assi/ance "u ! ,program1 priority %all be giv5 to applicants t-- 7#a7 reta9 ,unit$ ,/ates work]s2 7#b7 avoid t>iff-relat$ lay(fs2 7#c7 increase wages or work=ce tra9+2 7#d7 e/abli% appr5tice%ips or o!r skills-bas$ tra9+ programs2 7#e7 exp& production at exi/+ ,unit$ ,/ates facilities2 or 7#f7 create new ,unit$ ,/ates manufactur+ jobs4 #aje4 ,limitation provisions 7a7 ,anti-,abuse provisions 7#a7 ,9 g5]al ,no assi/ance "u ! ,program may be us$ =-- 7,a7 /ock buybacks2 7,b7 divid5ds or o!r capital di/ributions2 7,c7 increases 9 executive comp5sation2 7,d7 acquisition ( a compet+ bus9ess unless ! ,secret>y det]m9es ! transaction mat]ially exp&s ,unit$ ,/ates productive capacity2 7,e7 relocation ( ,unit$ ,/ates production ov]seas2 7,f7 reimbursem5t ( t>iff co/s already reimburs$ ?r\gh drawback1 refund1 insurance1 ano!r ,f$]al program1 or ano!r p>ty2 or 7,g7 subsidization ( imports :]e a reasonably available & comm]cially competitive ,unit$ ,/ates sub/itute exi/s1 except dur+ a reasonable transition p]iod4 7#b7 ,recapture provisions ,9 c>ry+ out ! ,program1 ! ,secret>y %all e/abli% recapture provisions = fraud1 mat]ial misrepres5tation1 & violations ( ! dome/ic-production requirem5ts ( ?is title4 7b7 ,no w9dfalls 7#a7 ,9 g5]al ,assi/ance "u ! ,program %all be limit$ to net economic injury ( a p]son4 7#b7 ,calculation ( net economic injury ,9 calculat+ ! net economic injury ( a p]son "u p>agraph 7#a71 ! ,secret>y %all-- 7,a7 acc\nt = t>iff co/s pass$ ?r\gh to cu/om]s2 7,b7 t>iff refunds or drawbacks2 7,c7 insurance proce$s2 7,d7 assi/ance receiv$ f o!r ,f$]al programs2 & 7,e7 o!r recov]ies t comp5sate ! p]son = ! same injury4 7#c7 ,o!r t]ms & conditions ,no p]son may recov] m ?an ! full am\nt ( ! p]son's docum5t$ net t>iff injury "u ! ,program4 #ajf4 ,database & audits 7a7 ,9 g5]al ,! ,secret>y %all ma9ta9 a publicly accessible database = ! ,program 9 ord] to id5tify-- 7#a7 ea* recipi5t ( assi/ance2 7#b7 ! am\nt & =m ( assi/ance2 7#c7 ! recipi5t's indu/ry & ,/ate2 7#d7 ! g5]al nature ( ! net t>iff injury2 7#e7 dome/ic employm5t commitm5ts associat$ ) ! assi/ance2 & 7#f7 repaym5ts or recaptures ( ! assi/ance4 7b7 ,protection ( propriet>y bus9ess in=mation & trade secrets ,! database requir$ by subsection 7a7 %all protect propriet>y bus9ess in=mation & trade secrets4 7c7 ,audits ,! ,inspector ,g5]al ( ! ,dep>tm5t ( ,comm]ce %all conduct p]iodic audits ( ! ,program4 #ajg4 ,sunset & evaluation 7a7 ,sunset 7#a7 ,9 g5]al ,! au?ority to approve assi/ance "u ! ,program %all t]m9ate on ! date t is five ye>s aft] ! date ( ! enactm5t ( ?is ,act1 unless reau?oriz$ by ,congress4 7#b7 ,exception ,! provisions ( p>agraph 7#a7 %all n apply ) respect to assi/ance "u ! ,program provid$ be=e ! date describ$ 9 p>agraph 7#a71 includ+ loans1 repaym5t obligations1 audits1 & recapture au?orities4 7b7 ,evaluation ,n lat] ?an f\r ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress an evaluation ( ! effectiv5ess ( ! ,program1 includ+-- 7#a7 ! effect ( ! ,program on employm5t & inve/m5t 9 ! ,unit$ ,/ates2 7#b7 ! fiscal impact ( ! ,program2 7#c7 ! ext5t to :i* assi/ance "u ! ,program prev5t$ (f%or+ or fraud or improp] paym5ts2 & 7#d7 :e!r ! ,program %\ld be reau?oriz$1 modifi$1 or t]m9at$4 ,,ii ,,trade ,fund #bja4 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund to be kn[n z ! ,t>iff ,relief = ,am]ican ,developm5t & ,employm5t ,fund or ,,trade ,fund4 #bjb4 ,am\nts 7a7 ,9 g5]al ,= ea* fiscal ye>1 am\nts f net additional cu/oms duties attributable to cov]$ t>iff actions1 aft] refunds1 drawbacks1 & adm9i/rative adju/m5ts1 %all be made available to ! ,fund 9 su* am\nts z are necess>y to provide assi/ance = docum5t$ net t>iff injury "u title ,i1 subject to ! availability ( su* receipts & applicable appropriations law4 7b7 ,availability ,am\nts made available to ! ,fund %all rema9 available until exp5d$4 #bjc4 ,protection ( g5]al rev5ues 7a7 ,9 g5]al ,assi/ance provid$ "u ! ,program %all be f9anc$ f t>iff rev5ues4 7b7 ,rule ( con/ruction ,no?+ 9 ?is ,act may be con/ru$ to limit o!rwise eligible relief to an arbitr>y p]c5tage ( t>iff collections :5 suffici5t t>iff rev5ues are available4 ,,iii ,adm9i/rative provisions #cja4 ,report 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,secret>y1 9 consultation ) ! ,unit$ ,/ates ,int]national ,trade ,commission1 %all submit to ,congress a report on ! implem5tation ( ! ,program1 includ+-- 7#a7 id5tify+ t>iff rev5ues collect$2 7#b7 indu/ries & regions be>+ significant t>iff co/s2 7#c7 effects ( =eign retaliation2 7#d7 jobs ma9ta9$ or creat$ ?r\gh assi/ance2 7#e7 dome/ic inve/m5t support$2 7#f7 supply *a9s re%or$ or div]sifi$2 7#g7 *anges 9 dome/ic productive capacity2 & 7#h7 recomm5dations = improv+ ! competitiv5ess ( ,unit$ ,/ates indu/ry4 7b7 ,matt]s ,to be includ$ ,! report requir$ by ?is section %all include ,/ate-level data to ! greate/ ext5t practicable4 7c7 ,ref]5ce ,! report requir$ by ?is section may be ref]r$ to z ! ,national ,t>iff ,impact ,report4 #cjb4 ,rule ( con/ruction ,no?+ 9 ?is ,act may be con/ru$ to-- 7#a7 limit ! au?ority ( ! ,presid5t or ,congress to-- 7,a7 impose1 modify1 negotiate1 or remove t>iffs "u o!rwise applicable law2 7,b7 require ! removal or r$uction ( a t>iff2 or 7,c7 create a private "r to *all5ge a t>iff2 or 7#b7 affect ! au?ority ( ! ,unit$ ,/ates ,trade ,repres5tative 9 int]national trade negotiations4 #cjc4 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 t>iffs %\ld rema9 available to provide lev]age aga9/ unfair =eign trade practices1 b ,unit$ ,/ates manufactur]s & work]s %\ld n be requir$ to f9ance a trade dispute alone2 & 7#b7 t>iff policy %\ld /r5g!n ,unit$ ,/ates productive capacity1 & rev5ues g5]at$ by t>iffs %\ld1 :]e appropriate1 help ,unit$ ,/ates bus9esses & work]s )/& %ort-t]m economic disruption :ile !y inve/1 adapt1 re%ore1 & compete4 #cjd4 ,regulations ,n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y & ! ,secret>y ( ! ,treasury %all issue su* regulations z may be necess>y to implem5t ?is ,act1 includ+ regulations to ensure a coord9at$ application process = ! ,program to m9imize adm9i/rative burd5s & duplicative fil+s4