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S 99 103th Congress Senate Foreign Trade and International Finance Antidumping Antitrust law Dumping International competitiveness Nontariff trade barriers

International Fair Competition Act of 1993

Introduced: January 21, 1993 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 1993
Read twice and referred to the Committee on Judiciary.
Jan 21, 1993
Sponsor introductory remarks on measure. (CR S533-534)
Jan 21, 1993
Introduced in Senate
 Plain-English summary Congressional Research Service

International Fair Competition Act of 1993 - Repeals a Federal provision stating that any person who violates or conspires to violate a prohibition against the importation or sale of articles at less than market value or the wholesale price shall be guilty of a misdemeanor, punishable by a fine of up to $5,000, imprisonment for up to one year, or both, at the court's discretion.

Revises provisions concerning such importation or sale to prohibit a person who exports a product from a foreign country into the United States, commonly and systematically to export the article into, cause the article to be exported into, or cause the article to be sold within the United States at a price that is less than the average total cost of the article, if: (1) the exportation or sale has the effect of destroying or injuring commerce, preventing the establishment of a line of commerce, or substantially lessening competition or tending to create a monopoly in any part of trade and commerce in the article, in the United States; and (2) the foreign country's market in the article lacks effective price competition or is substantially closed to effective international competition. Specifies that nothing shall prevent a defendant from rebutting a prima facie case made with respect to such circumstances by showing that the circumstances were not a factor in the price charged.

What's happening now January 21, 1993

Read twice and referred to the Committee on Judiciary.

 Committees of jurisdiction 1