,,ii #aai? ,,congress #b;d ,session ,s4 #djch ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #aj1 #bjbf,mr4 ,m>key 7= himself1 ,ms4 ,hirono1 ,mr4 ,s*um]1 ,mrs4 ,gillibr&1 ,mr4 ,hick5loop]1 ,ms4 ,klobu*>1 ,mr4 ,van ,holl51 & ,ms4 ,ros57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to exempt small bus9ess conc]ns f duties impos$ by ! ,presid5t "u section #abb ( ! ,trade ,act ( #aigd & to prev5t price g\g+ ) respect to goods subject to su* duties4 #a4 ,%ort title ,! ,act may be cit$ z ! ,small ,bus9ess ,lib]ation #b4j ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,commission ,! t]m ,commission means ! ,f$]al ,trade ,commission4 7#b7 ,compon5t ,! t]m compon5t means a good t is (f]$ = sale to consum]s ?r\gh incorporation into a f9al good4 7#c7 ,cov]$ duty ,! t]m cov]$ duty means a duty impos$ "u ! au?ority provid$ by section #abb ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bacb74 7#d7 ,cov]$ good ,! t]m cov]$ good means ! foll[+3 7,a7 ,a f9al good or a compon5t t is subject to a cov]$ duty impos$ on or aft] ,janu>y #bj1 #bjbf4 7,b7 ,a good t is assembl$1 9 :ole or 9 "p1 9 ! ,unit$ ,/ates & t includes a compon5t describ$ 9 subp>agraph 7,a74 7,c7 ,a f9al good or a compon5t ) respect to :i* !re is a plann$ duty4 7,d7 ,a good t is assembl$1 9 :ole or 9 "p1 9 ! ,unit$ ,/ates & t includes a compon5t describ$ 9 subp>agraph 7,c74 7#e7 ,duty-relat$ %ock date 7,a7 ,9 g5]al ,! t]m duty-relat$ %ock date means any date if1 dur+ ! #cj-;day p]iod prec$+ t date-- 7i7 cov]$ duties ) respect to goods classifiable "u #e or m subhead+s ( ! ,h>moniz$ ,t>iff ,s*$ule ( ! ,unit$ ,/ates took effect2 or 7ii7 plann$ duties ) respect to goods classifiable "u #e or m su* subhead+s 7 demon/rat$ by a writt5 or spok5 /atem5t4 7,b7 ,consid]ation ( numb] ( trad+ p>tn]s ,subp>agraph 7,a7 applies )\t reg>d to ! numb] ( trad+ p>tn]s to :i* a cov]$ duty or plann$ duty is applicable4 7#f7 ,f9al good ,! t]m f9al good means a good t does n require any fur!r assembly to be ready = sale to consum]s4 7#g7 ,good ,! t]m good means any good (f]$ = sale 9 comm]ce4 7#h7 ,plann$ duty ,! t]m plann$ duty means a cov]$ duty t is int5d$ to be impos$ or increas$1 z demon/rat$ by a writt5 or spok5 /atem5t by ! ,presid5t1 ! ,unit$ ,/ates ,trade ,repres5tative1 ! ,secret>y ( ,comm]ce1 or ano!r s5ior ,f$]al (ficial det]m9$ appropriate by ! ,commission1 includ+ by means ( a press release1 a comm5t at a press conf]5ce1 meet+1 or public ev5t1 or any o!r public communication4 7#i7 ,small bus9ess conc]n ,! t]m small bus9ess conc]n has ! mean+ giv5 t t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 7#aj7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ea* commonweal?1 t]ritory1 or possession ( ! ,unit$ ,/ates1 & ea* f$]ally recogniz$ ,indian ,tribe4 7#aa7 ,ultimate p>5t entity ,! t]m ultimate p>5t entity has ! mean+ giv5 su* t]m 9 section #hja4a ( title #af1 ,code ( ,f$]al ,regulations 7or any successor regulation74 #c4 ,exemption & refunds = small bus9ess conc]ns f duties "u balance-(-paym5ts au?ority 7a7 ,exemption ,a cov]$ duty %all n apply ) respect to goods import$ by or = ! use ( a small bus9ess conc]n4 7b7 ,refunds ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all refund ! am\nt ( any cov]$ duties paid on goods import$ by or = ! use ( a small bus9ess conc]n4 #d4 ,prev5tion ( price g\g+ ) respect to goods subject to duties "u balance-(-paym5ts au?ority 7a7 ,prohibition on price g\g+ 7#a7 ,9 g5]al ,no p]son may sell or (f] = sale 9 ! ,unit$ ,/ates a cov]$ good at an unreasonably high price dur+ ! #e-ye> p]iod t foll[s ! date on :i*-- 7,a7 a cov]$ duty ) respect to ! good took effect or 0 increas$2 or 7,b7 a plann$ duty ) respect to ! good 0 demon/rat$ by a writt5 or spok5 /atem5t4 7#b7 ,role 9 supply *a9 immat]ial ,! prohibition "u p>agraph 7#a7 applies )\t reg>d to ! position ( a p]son 9 a supply *a9 or di/ribution network4 7#c7 ,unreasonably high price 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 a p]son sells or (f]s = sale a cov]$ good at an unreasonably high price if ! p]son-- 7i7 has rais$ ! price ( a cov]$ good t is a f9al good by m ?an ! am\nt (-- 7,i7 ! co/s directly g5]at$ by ! imposition ( or an increase 9 a cov]$ duty ) respect to ! good2 & 7,,ii7 additional co/s incurr$ by ! p]son 9 provid+ ! good t demon/rate t ! cov]$ duty 0 n us$ by ! p]son z a pretext = a price increase2 or 7ii7 has rais$ ! price ( a cov]$ good t is or includes a compon5t by m ?an ! am\nt (-- 7,i7 ! co/s directly g5]at$ by ! imposition ( or an increase 9 a cov]$ duty ) respect to ! compon5t2 & 7,,ii7 additional co/s incurr$ by ! p]son 9 provid+ ! good t demon/rate t ! cov]$ duty 0 n us$ by ! p]son z a pretext = a price increase4 7,b7 ,plann$ duties ,) respect to a cov]$ good1 no co/s may be det]m9$ to be directly g5]at$ by ! imposition ( a cov]$ duty ) respect to ! good be=e ! date on :i* ! cov]$ duty takes effect ) respect to ! good4 7,c7 ,basel9e price det]m9ations ,= purposes ( ?is p>agraph1 ! price ( a cov]$ good be=e ! date on :i* any cov]$ duty or plann$ duty applicable to ! good took effect or 0 demon/rat$ by a writt5 or spok5 /atem5t1 z ! case may be1 %all be det]m9$ by ref]5ce to ! av]age price ( ! good dur+ ! #ahj-;day p]iod prec$+ t date4 7b7 ,exemption = small bus9esses ,subsection 7a7 does n apply to ! sale1 or (f]+ = sale1 ( a cov]$ good by a small bus9ess conc]n4 7c7 ,presumption ( violation 7#a7 ,9 g5]al ,) respect to any duty-relat$ %ock date1 a p]son %all be presum$ to be 9 violation ( subsection 7a7 if a prepond]ance ( ! evid5ce demon/rates t ! p]son-- 7,a7 has unfair lev]age 7z describ$ 9 p>agraph 7#c772 & 7,b7 sold or (f]$ = sale on t date a cov]$ good at a price t 0 great] ?an ! av]age price ( ! good dur+ ! #ahj-;day p]iod prec$+ ! date on :i* ! mo/ rec5t cov]$ duty or plann$ duty applicable to ! good took effect or 0 demon/rat$ by a writt5 or spok5 /atem5t1 z ! case may be4 7#b7 ,rebuttal ,a p]son may rebut a presumption "u p>agraph 7#a7 if ! p]son demon/rates by cle> & conv9c+ evid5ce t ! relevant increase 9 ! price ( a cov]$ good is attributable1 9 full1 to-- 7,a7 co/s directly g5]at$ by ! imposition ( or an increase 9 a cov]$ duty ) respect to ! good2 & 7,b7 additional co/s incurr$ by ! p]son 9 provid+ ! good t demon/rate t ! cov]$ duty 0 n us$ by ! p]son z a pretext = su* increase4 7#c7 ,unfair lev]age 7,a7 ,*>act]i/ics ,= purposes ( ?is subsection1 a p]son has unfair lev]age if ! p]son or ! ultimate p>5t entity ( ! p]son-- 7i7 is n a small bus9ess conc]n2 or 7ii7 satisfies ano!r *>act]i/ic set =? 9 a regulation promulgat$ by ! ,commission ) respect to det]m9+ unfair lev]age4 7,b7 ,inflation adju/m5t ,9 ,janu>y ( ! fir/ ye> beg9n+ aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,commission %all adju/ ! am\nt specifi$ 9 subp>agraph 7,a77i7 by ! p]c5tage *ange 9 ! ,consum] ,price ,index = ,all ,urban ,consum]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ) respect to ! #ab-mon? p]iod prec$+ ! date ( su* adju/m5t4 7,c7 ,consid]ations ,9 promulgat+ regulations "u subp>agraph 7,a77ii71 ! ,commission %all consid] ! capacity ( a p]son to d ! foll[+3 7i7 ,absorb1 9 :ole or 9 "p1 co/s directly g5]at$ by a cov]$ duty4 7ii7 ,increase production1 9 ! ,unit$ ,/ates1 ( a good t is id5tical or sub/antially simil> to a cov]$ good4 7d7 ,regulations 7#a7 ,9 g5]al ,! ,commission may promulgate1 9 accordance ) section #eec ( title #e1 ,unit$ ,/ates ,code1 su* regulations z may be necess>y to c>ry out ?is section4 7#b7 ,int]ag5cy consultation ,! ,commission1 9 promulgat+ regulations "u ?is subsection1 %all consult ) ! ,unit$ ,/ates ,trade ,repres5tative1 ! ,unit$ ,/ates ,int]national ,trade ,commission1 ! ,commission] ( ,u4,s4 ,cu/oms & ,bord] ,protection1 & ! ,commission] ( ! ,bureau ( ,labor ,/ati/ics4 7e7 ,en=cem5t by ,commission 7#a7 ,unfair or deceptive acts or practices ,a violation ( ?is section or a regulation promulgat$ "u ?is section %all be treat$ z a violation ( a regulation "u section #ah7;a77#a77;,b7 ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #eg;a7a77#a77;,b77 reg>d+ unfair or deceptive acts or practices4 7#b7 ,p[]s ( ,commission ,! ,commission %all en=ce ?is section & ! regulations promulgat$ "u ?is section 9 ! same mann]1 by ! same means1 & ) ! same jurisdiction1 p[]s1 & duties z ?\gh all applicable t]ms & provisions ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #da et seq47 7 incorporat$ into & made a "p ( ?is section4 ,any p]son :o violates ?is section or a regulation promulgat$ "u ?is section %all be subject to ! p5alties & entitl$ to ! privileges & immunities provid$ 9 ! ,f$]al ,trade ,commission ,act4 7#c7 ,au?ority pres]v$ ,no?+ 9 ?is section may be con/ru$ to limit ! au?ority ( ! ,commission "u any o!r provision ( law4 7f7 ,actions by ,/ates 7#a7 ,9 g5]al ,9 any case 9 :i* ! attorney g5]al ( a ,/ate1 or an (ficial or ag5cy ( a ,/ate1 has reason to believe t an int]e/ ( ! resid5ts ( su* ,/ate has be5 or is ?reat5$ or adv]sely affect$ by an act or practice 9 violation ( ?is section or a regulation promulgat$ "u ?is section1 ! ,/ate1 z p>5s patriae1 may br+ a civil action on behalf ( ! resid5ts ( ! ,/ate 9 an appropriate ,/ate c\rt or an appropriate di/rict c\rt ( ! ,unit$ ,/ates to-- 7,a7 enjo9 su* act or practice2 7,b7 en=ce compliance ) ?is section or su* regulation2 7,c7 obta9 damages1 re/itution1 or o!r comp5sation on behalf ( resid5ts ( ! ,/ate2 or 7,d7 obta9 su* o!r legal & equitable relief z ! c\rt may consid] to be appropriate4 7#b7 ,notice ,be=e fil+ an action "u ?is subsection1 ! attorney g5]al1 (ficial1 or ag5cy ( ! ,/ate involv$ %all provide to ! ,commission a writt5 notice ( su* action & a copy ( ! compla9t = su* action4 ,if ! attorney g5]al1 (ficial1 or ag5cy det]m9es t x is n feasible to provide ! notice describ$ 9 ?is p>agraph be=e ! fil+ ( ! action1 ! attorney g5]al1 (ficial1 or ag5cy %all provide writt5 notice ( ! action & a copy ( ! compla9t to ! ,commission imm$iately ^u ! fil+ ( ! action4 7#c7 ,au?ority ( ,commission ,on receiv+ notice "u p>agraph 7#b7 ( an action "u ?is subsection1 ! ,commission %all h ! "r-- 7,a7 to int]v5e 9 ! action2 7,b7 ^u s int]v5+1 to be he>d on all matt]s aris+ !re92 & 7,c7 to file petitions = appeal4 7#d7 ,rules ( con/ruction 7,a7 ,ex]cis+ ( c]ta9 p[]s ,= purposes ( br++ a civil action "u ?is subsection1 no?+ 9 ?is ,act may be con/ru$ to prev5t an attorney g5]al1 (ficial1 or ag5cy ( a ,/ate f ex]cis+ ! p[]s conf]r$ on ! attorney g5]al1 (ficial1 or ag5cy by ! laws ( su* ,/ate to conduct inve/igations1 adm9i/] oa?s & affirmations1 or compel ! att5dance ( witnesses or ! production ( docum5t>y & o!r evid5ce4 7,b7 ,/ate proce$+s ,no?+ 9 ?is subsection may be con/ru$ to prohibit an au?oriz$ (ficial ( a ,/ate f initiat+ or cont9u+ any proce$+ 9 a c\rt ( ! ,/ate = a violation ( any civil or crim9al law ( ! ,/ate4 7g7 ,effect on o!r laws ,no?+ 9 ?is section may be con/ru$ to preempt or o!rwise affect any ,/ate or local law4 7h7 ,report+ by consum]s & relat$ inve/igations 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,commission %all e/abli% a me*anism = consum]s to report to ! ,commission pot5tial violations ( ?is section4 7#b7 ,requirem5ts ,! me*anism e/abli%$ "u p>agraph 7#a7 %all all[ a consum] to report a pot5tial violation by a v>iety ( means1 includ+ ! foll[+3 7,a7 ,a telephone numb]4 7,b7 ,a mail+ address4 7,c7 ,a website4 7#c7 ,consid]ation ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,commission %all promulgate regulations e/abli%+1 & provid+ a detail$ description (1 ! process by :i* ! ,commission %all consid] reports provid$ ?r\gh ! me*anism e/abli%$ "u p>agraph 7#a7 &1 if applicable1 op5 inve/igations into pot5tial violations ( ?is section4 7#d7 ,rule ( con/ruction ,no?+ 9 ?is subsection may be con/ru$ to preclude ! ,commission f unilat]ally initiat+ an inve/igation ( a pot5tial violation ( ?is section4 #e4 ,reports 7a7 ,int]national ,trade ,commission & ,bureau ( ,labor ,/ati/ics report 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,unit$ ,/ates ,int]national ,trade ,commission & ! ,commission] ( ! ,bureau ( ,labor ,/ati/ics %all jo9tly submit to ,congress1 & make available to ! public1 a report on ! prices ( goods sold by any entity t is n a small bus9ess conc]n1 ) a focus on id5tify+ *anges 9 ! prices ( cov]$ goods4 7#b7 ,suffici5cy ( surveys 7,a7 ,9 g5]al ,be=e submitt+ ! fir/ report requir$ by p>agraph 7#a71 ! ,commission] ( ! ,bureau ( ,labor ,/ati/ics %all id5tify :e!r ! exi/+ surveys ( ! ,bureau collect suffici5tly granul> data ) respect to pric+ decisions & consum] prices to effectively id5tify price increases = cov]$ goods4 7,b7 ,developm5t ( new surveys ,if ! ,commission] det]m9es "u subp>agraph 7,a7 t ! surveys ( ! ,bureau are insuffici5t1 ! ,bureau %all develop & include 9 su* surveys new que/ions to collect ! data necess>y = ! report requir$ "u p>agraph 7#a74 7b7 ,f$]al ,trade ,commission report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,commission %all submit to ,congress1 & make available to ! public1 a report on ! en=cem5t activities ( ! ,commission "u ?is ,act1 :i* %all include an assessm5t ( ! impact ( ! en=cem5t ( ?is ,act on consum] prices1 bo? = cov]$ goods & all goods4