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HR 5627 109th Congress House Foreign Trade and International Finance American investments Commerce Congress Congressional reporting requirements Countervailing duties Developing countries Development credit institutions Dumping Economic assistance Export finance Foreign loans International Affairs International monetary system Investment guaranty insurance Iron and steel industry Reinsurance Steel Subsidies

Steel Financing Fairness Act

Introduced: June 15, 2006 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2006
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Jun 15, 2006
Sponsor introductory remarks on measure. (CR E1162-1163)
Jun 15, 2006
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.
Jun 15, 2006
Introduced in House
 Plain-English summary Congressional Research Service

Steel Financing Fairness Act - Prohibits the Overseas Private Investment Corporation (OPIC) 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 (IMF) to oppose any assistance from the IMF 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 IMF if it 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.

What's happening now July 18, 2006

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

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Independent 1