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HR 3072 108th Congress House

Steel Financing Fairness Act

Official title: To prohibit the Overseas Private Investment Corporation from providing insurance or financing to countries that subsidize their steel industries and for projec… Show full official titleShow less

Official title: To prohibit the Overseas Private Investment Corporation from providing insurance or financing to countries that subsidize their steel industries and for projects producing goods subject to antidumping duties, to require the United States to oppose the provision by the International Monetary Fund of assistance to countries which subsidize their steel industries, and to ban assistance by the Export-Import Bank of the United States to countries that subsidize their steel industries.

Introduced: September 10, 2003 See on congress.gov
Foreign Trade and International Finance American investmentsCommerceCongressCongressional reporting requirements
More subjectsShow fewer subjects
Countervailing dutiesDeveloping countriesDevelopment credit institutionsDumpingEconomic assistanceExport financeForeign loansInternational AffairsInternational monetary systemInvestment guaranty insuranceIron and steel industryReinsuranceSteelSubsidies
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 2003
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Sep 11, 2003
Sponsor introductory remarks on measure. (CR E1768-1769)
Sep 10, 2003
Referred to the Committee on Financial Services, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 10, 2003
Introduced in House
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 Latest action October 3, 2003

Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

 Plain-English summary Congressional Research Service

Steel Financing Fairness Act - Prohibits the Overseas Private Investment Corporation from providing insurance or financing for a project: (1) in any country that grants a subsidy to its steel industry until three months after such subsidy is eliminated; or (2) that produces, outside of the United States, any product subject to antidumping duties.

Amends the Bretton Woods Agreements Act to require the Secretary of the Treasury to: (1) instruct the U.S. Executive Director at the International Monetary Fund to oppose any assistance from the Fund to any foreign government that subsidizes its steel industry until three months after such subsidy is eliminated; and (2) reduce the U.S. contribution to the Fund if the Fund provides assistance to any such government during such period.

Amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank from guaranteeing, insuring, or extending credit for exports to any foreign government that subsidizes its steel industry until three months after such subsidy is eliminated.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Sep 10, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3072: Steel Financing Fairness Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-3072/
MLA
"H.R. 3072: Steel Financing Fairness Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-3072/.
Bluebook (legal)
H.R. 3072, 108th Cong. (2026), https://openamerica.io/bill/108-HR-3072/.
Markdown link
[H.R. 3072: Steel Financing Fairness Act](https://openamerica.io/bill/108-HR-3072/)
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