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HR 5578 102th Congress House Foreign Trade and International Finance Automobile industry Automobile parts Buy American Canada EEC countries Import quotas Japan Motor vehicles Trade agreements

Automotive Trade Equity Act of 1992

Introduced: July 8, 1992 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 1992
Referred to the Subcommittee on Trade.
Jul 8, 1992
Referred to the House Committee on Ways and Means.
Jul 8, 1992
Introduced in House
 Plain-English summary Congressional Research Service

Automotive Trade Equity Act of 1992 - Requires the Secretary of the Treasury, on the basis of relevant available information, to: (1) estimate the domestic consumption of motor vehicles for each year; (2) compute the allowable market penetration amount for foreign motor vehicles (motor vehicles produced by Japan or by a transplanted vehicle manufacturer); and (3) calculate the actual domestic consumption of motor vehicles during the year; and (4) calculate the actual market penetration during the year for foreign motor vehicles.

Limits the aggregate number of Japanese motor vehicles imported into the United States in each year from January 1, 1993, through December 31, 1999, to no more than 1,900,000, adjustable downwards according to a specified formula. Requires the Secretary to publish such estimates, computations, and calculations in the Federal Register.

What's happening now July 15, 1992

Referred to the Subcommittee on Trade.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1