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SRES 525 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

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

Introduced: December 21, 1982 Introduced by: Grassley, Chuck Republican · Iowa 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
Dec 21, 1982
Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Voice Vote.
Dec 21, 1982
Passed/agreed to in Senate: Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Voice Vote.
Dec 21, 1982
Introduced in Senate
 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 21, 1982

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Voice Vote.