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SRES 516 97th Congress Senate Foreign Trade and International Finance Foreign Trade and Investments Import restrictions Imports Income tax Investment tax credit Japan Presidential powers Presidents and Vice Presidents Tax credits

A resolution expressing the sense of the Senate on urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.S.C., section 48 (a) (7) (D) to disqualify certain…

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A resolution expressing the sense of the Senate on urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.S.C., section 48 (a) (7) (D) to disqualify certain Japanese-manufactured, numerically-controlled machine tools from the United States investment tax credit.

Introduced: December 15, 1982 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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This resolution expired with the 97th Congress
It was not agreed to before the 97th Congress (1981–1982) adjourned, so it is no longer active. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Agreed to (Senate)
Dec 15, 1982
Referred to the Committee on Finance.
Dec 15, 1982
Introduced in Senate
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 Plain-English summary Congressional Research Service

Expresses the sense of the Senate that the President should exercise his authority to issue an Executive Order disqualifying Japanese-manufactured, numerically-controlled machining centers and punching machines for the investment tax credit until Japan provides persuasive evidence to the President that certain unfair and discriminatory acts and policies restricting U.S. commerce have ceased.

What's happening now December 15, 1982

Referred to the Committee on Finance.

 Related & companion bills 1
  • SRES 525 Identical bill To express the sense of the Senate urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.…
 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. Res. 516: A resolution expressing the sense of the Senate on urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.S.C., section 48 (a) (7) (D) to disqualify certain Japanese-manufactured, numerically-controlled machine tools from the United States investment tax credit.. 97th Congress. Open America. https://openamerica.io/bill/97-SRES-516/
MLA
"S. Res. 516: A resolution expressing the sense of the Senate on urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.S.C., section 48 (a) (7) (D) to disqualify certain Japanese-manufactured, numerically-controlled machine tools from the United States investment tax credit.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-SRES-516/.
Bluebook (legal)
S. Res. 516, 97th Cong. (2026), https://openamerica.io/bill/97-SRES-516/.
Markdown link
[S. Res. 516: A resolution expressing the sense of the Senate on urging Presidential action pursuant to Section 103 of the Revenue Act of 1971, 26 U.S.C., section 48 (a) (7) (D) to disqualify certain Japanese-manufactured, numerically-controlled machine tools from the United States investment tax credit.](https://openamerica.io/bill/97-SRES-516/)
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