,i #aai? ,,congress #a/ ,session ,h4 ,r4 #digh ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,augu/ #ae1 #bjbe,mr4 ,gold5 ( ,ma9e 7= himself & ,mr4 ,/eube7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,f9ancial ,s]vices1 ,=eign ,affairs1 & ,en]gy & ,comm]ce1 = 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 impose additional duties on imports ( goods into ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,secure ,trade ,act4 ,i ,imposition ( additional duties on imports ( goods into ! ,unit$ ,/ates & exception to duty exemption = de m9imis entries & modifications to entry regulations #aja4 ,imposition ( additional duties on imports ( goods into ! ,unit$ ,/ates 7a7 ,9 g5]al ,!re %all be impos$ a duty on imports ( any good into ! ,unit$ ,/ates 9 an am\nt equal to #aj p]c5t ad valorem ( ! good = ea* cal5d> ye> beg9n+ on or aft] ! date ( ! enactm5t ( ?is ,act4 7b7 ,duties ,to be consid]$ additional duties ,! duty requir$ by subsection 7a7 ) respect to a good is 9 addition to any o!r duty impos$ by law ) respect to ! good4 7c7 ,waiv] 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,presid5t may r$uce ! p]c5tage requirem5t 9 subsection 7a7 7b n to z]o7 ) respect to goods 9 any economic sector ( ! ,unit$ ,/ates if ! ,presid5t det]m9es t su* r$uction is 9 ! national int]e/ or national security int]e/ ( ! ,unit$ ,/ates4 7#b7 ,congressional consultation ,! ,presid5t %all consult ) ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives & ! ,committee on ,f9ance ( ! ,s5ate prior to ex]cis+ ! au?ority ( p>agraph 7#a7 = purposes ( det]m9+ :e!r ! economic sector t is to be ! subject ( ! r$uction ( ! p]c5tage requirem5t 9 subsection 7a7 is appropriate4 ,,ii ,trade ) ,*9a #bja4 ,modifications to rates ( duty to address trade ) ! ,p's ,republic ( ,*9a 7a7 ,e/abli%m5t ( rates ( duty ) respect to articles ( ! ,p's ,republic ( ,*9a 7#a7 ,9 g5]al ,! ,presid5t1 by proclamation1 %all revise ! ,h>moniz$ ,t>iff ,s*$ule ( ! ,unit$ ,/ates 79 ?is ,act ref]r$ to z ! ,,hts7 to include rates ( duty applicable only ) respect to articles ( ! ,p's ,republic ( ,*9a4 7#b7 ,rates 7,a7 ,9 g5]al ,! rates ( duty proclaim$ "u p>agraph 7#a7 %all be1 except z provid$ by subsection 7h71 ! rates ( duty set =? 9 ! column #b rate ( duty column ( ! ,,hts on ! day be=e ! date ( ! enactm5t ( ?is ,act1 modifi$ z requir$ by subsection 7b7 &1 if applicable1 adju/$ = inflation "u subsection 7c74 7,b7 ,m9imum rate ( duty = non-/rategic goods ,a rate ( duty describ$ 9 subp>agraph 7,a7 ( an article t is n an article specifi$ 9 section #bjc t is less ?an #ce p]c5t ad valorem z ( ! day be=e ! date ( ! enactm5t ( ?is ,act %all be increas$ to #ce p]c5t ad valorem4 7b7 ,modifications to rates ( duty ) respect to articles ( ! ,p's ,republic ( ,*9a 7#a7 ,ad valorem duties & free rates ( duty 7,a7 ,9 g5]al ,a rate ( duty set =? 9 ! column #b rate ( duty column ( ! ,,hts t is express$ z a p]c5tage1 or t is free1 %all1 except z provid$ by subp>agraph 7,b7 or 7,c71 cont9ue to apply to articles ( ! ,p's ,republic ( ,*9a4 7,b7 ,m9imum rate ( #ajj p]c5t = c]ta9 articles ,9 ! case ( an article specifi$ 9 section #bjc1 a rate ( duty describ$ 9 subp>agraph 7,a7 t is less ?an #ajj p]c5t ad valorem z ( ! day be=e ! date ( ! enactm5t ( ?is ,act %all be increas$ to #ajj p]c5t ad valorem4 7#b7 ,specific & comp\nd rates ( duty 7,a7 ,9 g5]al ,a rate ( duty set =? 9 ! column #b rate ( duty column ( ! ,,hts t is express$ z a specific or comp\nd rate ( duty %all1 except z provid$ by subp>agraphs 7,b7 & 7,c71 cont9ue to apply to articles ( ! ,p's ,republic ( ,*9a1 subject to adju/m5t = inflation "u subsection 7c74 7,b7 ,m9imum rate equival5t to #ajj p]c5t ad valorem = c]ta9 articles ,9 ! case ( an article specifi$ 9 section #bjc1 a rate ( duty describ$ 9 subp>agraph 7,a7 t is less ?an ! equival5t ( #ajj p]c5t ad valorem1 aft] adju/m5t = inflation "u subsection 7c71 %all be increas$ to be equival5t to #ajj p]c5t ad valorem4 7c7 ,adju/m5t ( duties = inflation 7#a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ?is ,act1 & on ,decemb] #ca ( ea* ye> !reaft]1 ! ,presid5t %all proclaim modifications to adju/ ! specific & comp\nd rates ( duty describ$ 9 subsection 7b77#b71 z modifi$ "u t subsection1 to reflect ! increase 9 ! av]age ( ! ,consum] ,price ,index = ! mo/ rec5t full cal5d> ye> = :i* data are available comp>$ to ! ,consum] ,price ,index = cal5d> ye> #aicj4 7#b7 ,effective date ( inflation adju/m5ts 7,a7 ,fir/ adju/m5t 7i7 ,9 g5]al ,! fir/ adju/m5t requir$ by p>agraph 7#a7 %all apply ) respect to articles ent]$1 or )drawn f w>eh\se = consumption1 on or aft] ,janu>y #a1 #bjbe4 7ii7 ,rules = retroactive collection ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,commission] ( ,u4,s4 ,cu/oms & ,bord] ,protection %all issue rules = ! retroactive collection ( duties "u clause 7i74 7,b7 ,subsequ5t adju/m5ts ,ea* adju/m5t requir$ by p>agraph 7#a7 aft] ! fir/ su* adju/m5t %all apply ) respect to articles ent]$1 or )drawn f w>eh\se = consumption1 on or aft] ,janu>y #a ( ! ye> beg9n+ aft] ! issuance ( ! proclamation4 7#c7 ,base rate ,= purposes ( ! adju/m5t requir$ by p>agraph 7#a71 ! ,presid5t %all use ! rate ( duty applicable "u ! column #b g5]al rate ( duty column ( ! ,,hts1 z modifi$ "u subsection 7b71 z ! base rate4 7#d7 ,consum] ,price ,index def9$ ,= purposes ( ?is subsection1 ! t]m ,consum] ,price ,index means ! ,consum] ,price ,index = ,all ,urban ,consum]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor4 7d7 ,phase-,9 ( duty increases ,! ,presid5t %all1 by proclamation1 phase-9 ! application ( ! duty increases requir$ by subsection 7a71 z modifi$ "u subsection 7b7 &1 if applicable1 adju/$ = inflation "u subsection 7c71 z foll[s3 7#a7 ,on & aft] ! date t is #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 #aj p]c5t ( ! total duty increase ) respect to an article %all apply4 7#b7 ,on & aft] ! date t is #b ye>s aft] su* date ( enactm5t1 #be p]c5t ( ! total duty increase ) respect to an article %all apply4 7#c7 ,on & aft] ! date t is #d ye>s aft] su* date ( enactm5t1 #ej p]c5t ( ! total duty increase ) respect to an article %all apply4 7#d7 ,on & aft] ! date t is #e ye>s aft] su* date ( enactm5t1 #ajj p]c5t ( ! total duty increase ) respect to an article %all apply4 7e7 ,in=mation f ,int]national ,trade ,commission 7#a7 ,9 g5]al ,n lat] ?an ,july #a ( ea* ye>1 ! ,unit$ ,/ates ,int]national ,trade ,commission 79 ?is ,act ref]r$ to z ! ,commission7 %all submit to ! ,presid5t ! in=mation describ$ 9 p>agraph 7#b7 ) respect to articles t are subject to a specific or comp\nd rate ( duty "u ! column #b rate ( duty column ( ! ,,hts & = :i* suffici5t data are available to calculate ! ad valorem equival5t ( ^? rates ( duty4 7#b7 ,in=mation describ$ ,! in=mation describ$ 9 ?is p>agraph is an id5tification ( :i* articles specifi$ 9 section #bjc h an ad valorem equival5t rate ( duty ( less ?an #ajj p]c5t aft] adju/m5t = inflation "u subsection 7c7 &1 = ea* su* article1 a calculation ( ! specific or comp\nd rate ( duty t w\ld increase ! rate ( duty to be equival5t to #ajj p]c5t ad valorem4 7f7 ,treatm5t ( articles import$ only f ! ,p's ,republic ( ,*9a 7#a7 ,t>iff-rate quotas 7,a7 ,annual adju/m5ts 7i7 ,9 g5]al ,not)/&+ any o!r provision ( law1 ! ,presid5t %all1 by proclamation1 e/abli% a t>iff-rate quota t %all-- 7,i7 apply to ea* article import$ only f ! ,p's ,republic ( ,*9a2 & 7,,ii7 be set = ea* cal5d> ye> at an am\nt t is equal to ! am\nt1 if any1 by :i* consumption ( ! article 9 ! ,unit$ ,/ates 9 ! mo/ rec5t cal5d> ye> = :i* data are available exce$s production ( ! article 9 ! ,unit$ ,/ates dur+ t cal5d> ye>4 7ii7 ,det]m9ation ( ! ,p's ,republic ( ,*9a z only s\rce ,= purposes ( subp>agraph 7,a77i77,i71 ! ,presid5t %all det]m9e t an article is import$ only f ! ,p's ,republic ( ,*9a if (ficial trade /ati/ics ( ! ,dep>tm5t ( ,comm]ce = ! mo/ rec5t full cal5d> ye> = :i* data are available = ! applicable subhead+ ( any ( *apt]s #a ?r\gh #ig ( ! ,,hts1 z report$ on entry summ>y =ms1 %[ t ! article is import$ only f ! ,p's ,republic ( ,*9a & f no o!r c\ntry4 7,b7 ,entry ( 9-quota articles ,not)/&+ any o!r provision ( ?is section1 an article describ$ 9 subp>agraph 7,a77i77,i7 t is ent]$ be=e ! applicable t>iff-rate quota is rea*$ = ! cal5d> ye> 9 :i* ! article is ent]$ %all-- 7i7 dur+ ! #c-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 be subject to ! rate ( duty applicable to ! article on ! day be=e su* date ( enactm5t2 & 7ii7 aft] ! p]iod describ$ 9 clause 7i71 be subject to ! rate ( duty applicable "u subsection 7a71 z modifi$ "u subsection 7b7 & z phas$-9 "u p>agraph 7#b74 7,c7 ,entry ( above-quota articles ,not)/&+ any o!r provision ( ?is section1 an article describ$ 9 subp>agraph 7,a77i77,i7 t is ent]$ aft] ! t>iff-rate quota is rea*$ = ! cal5d> ye> 9 :i* ! article is ent]$ %all be subject to a rate ( duty ( #ajj p]c5t ad valorem4 7#b7 ,phase-9 ( duty increases ,beg9n+ on ! date t is #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t may1 by proclamation1 phase-9 ! application ( ! duty increases requir$ by p>agraph 7#a77;,b7 ) respect to ea* article describ$ 9 p>agraph 7#a77;,a77i77,i7 & ent]$ be=e ! applicable t>iff-rate quota "u p>agraph 7#a7 is rea*$ = ! cal5d> ye> 9 :i* ! article is ent]$1 z foll[s3 7,a7 ,on & aft] ! date t is #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 #aj p]c5t ( ! total duty increase requir$ by p>agraph 7#a77;,b7 ) respect to ! article %all apply4 7,b7 ,on & aft] ! date t is #e ye>s aft] su* date ( enactm5t1 #be p]c5t ( ! total duty increase requir$ by p>agraph 7#a77;,b7 ) respect to ! article %all apply4 7,c7 ,on & aft] ! date t is #f ye>s aft] su* date ( enactm5t1 #ej p]c5t ( ! total duty increase requir$ by p>agraph 7#a77;,b7 ) respect to ! article %all apply4 7,d7 ,on & aft] ! date t is #g ye>s aft] su* date ( enactm5t1 #ajj p]c5t ( ! total duty increase requir$ by p>agraph 7#a77;,b7 ) respect to ! article %all apply4 7#c7 ,in=mation f ,int]national ,trade ,commission ,n lat] ?an ,july #a ( ea* ye>1 ! ,commission %all submit to ! ,presid5t an e/imate ( ! production & consumption 9 ! ,unit$ ,/ates ( articles describ$ 9 p>agraph 7#a77;,a77i77,i7 = :i* suffici5t data are available to make su* an e/imate4 7g7 ,au?ority ,to fur!r modify duties specific to ! ,p's ,republic ( ,*9a 7#a7 ,9 g5]al ,! ,presid5t1 by proclamation1 may increase ! rates ( duty applicable to articles ( ! ,p's ,republic ( ,*9a to rates t are high] ?an ! rates ( duty describ$ 9 subsection 7a7 & modifi$ z requir$ by subsection 7b7 if ! ,presid5t det]m9es do+ s is necess>y to c\nt]act ! dep5d5ce ( ! ,unit$ ,/ates on imports f ! ,p's ,republic ( ,*9a or to p5alize ! ,p's ,republic ( ,*9a = unfair trad+ practices4 7#b7 ,phase-9 ,if ! ,presid5t proclaims an increase 9 a rate ( duty "u p>agraph 7#a71 ! ,presid5t %all provide = ! increase to be phas$-9 ov] a p]iod ( #e ye>s on a s*$ule equival5t to ! s*$ule set =? 9 subsection 7d74 7#c7 ,report ,! ,presid5t may1 = "o or m p]iods ( n m ?an #fj days ea*1 waive ! application ( ?is subsection ) respect to articles describ$ 9 p>agraph 7#a7 if ! ,presid5t c]tifies ,congress1 n lat] ?an #ae days be=e su* waiv] takes effect1 t ! waiv] is vital to ! national security int]e/s ( ! ,unit$ ,/ates4 7h7 ,additional au?orities 7#a7 ,au?ority to impose quotas to decrease reliance on ,*9ese imports ,! ,presid5t may e/abli% quotas = ! progressive elim9ation ( reliance on any articles import$ f ! ,p's ,republic ( ,*9a4 7#b7 ,au?ority to prohibit imports 7,a7 ,9 g5]al ,! ,presid5t may prohibit ! importation ( any article f ! ,p's ,republic ( ,*9a if ! ,presid5t det]m9es t-- 7i7 ! importation ( ! article poses a ?reat to ! national security ( ! ,unit$ ,/ates2 or 7ii7 ! article is produc$ 9 a mann] t-- 7,i7 con/itutes an unfair trade practice2 or 7,,ii7 violates human rights4 7,b7 ,regulations ,! ,presid5t %all prescribe su* regulations z may be necess>y = ! en=cem5t ( ?is p>agraph4 7#c7 ,additional au?ority ,9 addition to ! o!r au?orities provid$ by ?is section1 ! ,presid5t may proclaim su* modifications to ! ,,hts z ! ,presid5t det]m9es appropriate to a*ieve ! objectives ( ?is ,act1 includ+ ) respect to ! mann] ( reflect+ any modifications 9 ! ,,hts4 #bjb4 ,valuation ( m]*&ise import$ f ! ,p's ,republic ( ,*9a ,subp>t ,a ( "p ,i ( title ,,iv ( ! ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4 #adja et seq47 is am5d$ by add+ at ! end ! foll[+3 #djc4 ,valuation ( m]*&ise import$ f ! ,p's ,republic ( ,*9a 7a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 m]*&ise import$ f ! ,p's ,republic ( ,*9a %all be apprais$ on ! basis ( ! ,unit$ ,/ates value ( ! m]*&ise4 7b7 ,v]ification ( ,unit$ ,/ates value 7#a7 ,submission by import]s ,an import] ( m]*&ise describ$ 9 subsection 7a7 %all submit to ,u4,s4 ,cu/oms & ,bord] ,protection1 ^u entry ( ! m]*&ise1 a /atem5t ( ! ,unit$ ,/ates value ( ! m]*&ise4 7#b7 ,v]ification by ,u4,s4 ,cu/oms & ,bord] ,protection ,u4,s4 ,cu/oms & ,bord] ,protection %all-- 7,a7 v]ify ! in=mation ) respect to ! ,unit$ ,/ates value ( m]*&ise submitt$ by an import] "u p>agraph 7#a72 & 7,b7 submit to ! ,unit$ ,/ates ,int]national ,trade ,commission-- 7i7 a det]m9ation ( :e!r or n ! value submitt$ by ! import] is accurate2 & 7ii7 if t value is n accurate1 a revis$ value = ! m]*&ise4 7c7 ,unit$ ,/ates value def9$ ,9 ?is section1 ! t]m ,unit$ ,/ates value1 ) respect to import$ m]*&ise1 means ! price at :i* ! import$ m]*&ise or simil> import$ m]*&ise is freely (f]$ = sale1 pack$ ready = deliv]y1 9 ! pr9cipal m>ket ( ! ,unit$ ,/ates to all pur*as]s1 at ! "t ( importation ( ! import$ m]*&ise4 4 #bjc4 ,articles specifi$ ,! articles specifi$ 9 ?is section are articles t-- 7#a7 on ! day be=e ! date ( ! enactm5t ( ?is ,act1 are-- 7,a7 id5tifi$ on ! ,dep>tm5t ( ,comm]ce's ,draft ,li/ ( ,critical ,supply ,*a9s pursuant to ,executive ,ord] #adjag 7,febru>y #bd1 #bjba72 7,b7 subject to an inve/igation "u section #cja ( ! ,trade ,act ( #aiga 7#ai ,u4,s4,c4 #bdaa72 or 7,c7 subject to an inve/igation "u section #bcb ( ! ,trade ,expansion ,act ( #aifb 7#ai ,u4,s4,c4 #ahfb72 or 7#b7 subject to ! discretion ( ! ,secret>y ( ,comm]ce1 are dual-use items 7z su* t]ms are def9$ 9 section #agdb ( ! ,export ,control ,re=m ,act ( #bjah 7#ej ,u4,s4,c4 #dhja774 #bjd4 ,review by ,committee on ,=eign ,inve/m5t 9 ! ,unit$ ,/ates ( gre5field & br[nfield inve/m5ts by =eign c\ntries ( conc]n 7a7 ,inclusion 9 def9ition ( cov]$ transaction ,section #gba7;a77#d7 ( ! ,def5se ,production ,act ( #aiej 7#ej ,u4,s4,c4 #defe7;a77#d77 is am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7 9 clause 7i71 by /rik+ 2 & & ins]t+ a semicolon2 7,b7 9 clause 7ii71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7iii7 any transaction describ$ 9 subp>agraph 7,b77vi7 propos$ or p5d+ on or aft] ! date ( ! enactm5t ( ?is clause4 2 7#b7 9 subp>agraph 7,b71 by add+ at ! end ! foll[+3 7vi7 ,subject to subp>agraphs 7,c7 & 7,e71 an inve/m5t by a =eign p]son t-- 7,i7 involves-- 7aa7 ! complet$ or plann$ pur*ase or lease by1 or a concession to1 ! =eign p]son ( private or public real e/ate 9 ! ,unit$ ,/ates2 & 7bb7 ! e/abli%m5t ( a ,unit$ ,/ates bus9ess to op]ate a factory or o!r facility on t real e/ate2 & 7,,ii7 c\ld result 9 control1 includ+ ?r\gh =mal or in=mal arrangem5ts to act 9 conc]t1 ( t ,unit$ ,/ates bus9ess by-- 7aa7 ! gov]nm5t ( a =eign c\ntry ( conc]n 7z def9$ 9 section #ajfab7;a7 ( ! ,rese>* & ,developm5t1 ,competition1 & ,innovation ,act 7#db ,u4,s4,c4 #aibba7;a7772 7bb7 a p]son own$ or controll$ by1 or act+ on behalf (1 su* a gov]nm5t2 7cc7 an entity 9 :i* su* a gov]nm5t has1 directly or indirectly1 includ+ ?r\gh =mal or in=mal arrangem5ts to act 9 conc]t1 a #e p]c5t or great] int]e/2 7dd7 an entity 9 :i* su* a gov]nm5t has1 directly or indirectly1 ! "r or p[] to appo9t1 or approve ! appo9tm5t (1 any memb]s ( ! bo>d ( directors1 bo>d ( sup]visors1 or an equival5t gov]n+ body 7includ+ ext]nal directors & o!r individuals :o p]=m ! duties usually associat$ ) su* titles7 or (fic]s 7includ+ ! presid5t1 s5ior vice presid5t1 executive vice presid5t1 & o!r individuals :o p]=m duties normally associat$ ) su* titles7 ( any o!r entity t held1 directly or indirectly1 includ+ ?r\gh =mal or in=mal arrangem5ts to act 9 conc]t1 a #e p]c5t or great] int]e/ 9 ! entity 9 ! prec$+ #c ye>s2 or 7ee7 an entity 9 :i* any memb]s or (fic]s describ$ 9 item 7dd7 ( any o!r entity hold+1 directly or indirectly1 includ+ ?r\gh =mal or in=mal arrangem5ts to act 9 conc]t1 a #e p]c5t or great] int]e/ 9 ! entity are (ficials ( su* a gov]nm5t 9 ! prec$+ #c ye>s4 2 7#c7 9 subp>agraph 7,c77i71 9 ! matt] prec$+ subclause 7,i71 by /rik+ subp>agraph 7,b77ii7 & ins]t+ clause 7ii7 or 7vi7 ( subp>agraph 7,b72 & 7#d7 9 subp>agraph 7,e71 by /rik+ clauses 7ii7 & 7iii7 & ins]t+ clauses 7ii71 7iii71 & 7vi74 7b7 ,m&atory fil+ ( decl>ations ,section #gba7;b77#a77;,c77v77,,iv77bb7 ( ! ,def5se ,production ,act ( #aiej 7#ej ,u4,s4,c4 #defe7;b77#a77;,c77v77,,iv77bb77 is am5d$ by add+ at ! end ! foll[+3 7,,dd7 ,gre5field & br[nfield inve/m5ts by =eign c\ntries ( conc]n ,! p>ties to a cov]$ transaction describ$ 9 subsection 7a77#d77;,b77vi7 %all submit a decl>ation describ$ 9 subclause 7,i7 ) respect to ! transaction4 4