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HR 1450 IH

109th CONGRESS

1st Session

H. R. 1450

To require additional tariffs be imposed on products of any nonmarket

economy country until the President certifies to the Congress that that

country is a market economy country, and to direct the Secretary of the

Treasury to deposit the amounts generated from those tariffs into the Social

Security trust funds.

IN THE HOUSE OF REPRESENTATIVES

March 17, 2005

Mr. TANCREDO introduced the following bill; which was referred to the

Committee on Ways and Means

 

A BILL

To require additional tariffs be imposed on products of any nonmarket

economy country until the President certifies to the Congress that that

country is a market economy country, and to direct the Secretary of the

Treasury to deposit the amounts generated from those tariffs into the Social

Security trust funds.

Be it enacted by the Senate and House of Representatives of the United

States of America in Congress assembled,

SECTION 1. ADDITIONAL TARIFFS ON PRODUCTS OF NONMARKET ECONOMY COUNTRIES.

(a) In General- Notwithstanding the provisions of title I of Public Law

106-286 (19 U.S.C. 2431 note), title IV of the Trade Act of 1974 (19 U.S.C.

2431 et seq.), or any other provision of law, and subject to subsection (B),

there shall be imposed on any article that is the growth, product, or

manufacture of a nonmarket economy country and is imported directly or

indirectly into the United States, in addition to any other duty that would

otherwise apply to such article--

(1) a rate of duty of 5 percent ad valorem during the 1-year period

beginning on the effective date of this Act; and

(2) an additional duty of 1 percent ad valorem in each succeeding 1-year

period.

(B) Certification- Subsection (a) shall cease to apply to a country at such

time as the President certifies to the Congress that the country is a market

economy country.

(c) Definitions- In this section:

(1) NONMARKET ECONOMY COUNTRY- The term `nonmarket economy country' means

the following:

(A) Albania, Armenia, Azerbaijan, Belarus, Cambodia, Georgia, Kyrgyzstan,

Laos, Moldova, the People's Republic of China, Tajikistan, Turkmenistan,

Ukraine, Uzbekistan, and Vietnam.

(B) Cuba and North Korea, to the extent that any products of those countries

enter the customs territory of the United States.

© Any other country that the President determines is a nonmarket economy

country as defined in section 771 of the Tariff Act of 1930 (19 U.S.C.

1677).

(2) MARKET ECONOMY COUNTRY- The term `market economy country' means a

country that operates on market principles of cost and pricing structures so

that sales of merchandise in such country reflect the fair value of the

merchandise.

SEC. 2. DEPOSITS OF TARIFFS IN SOCIAL SECURITY TRUST FUNDS. :) The Secretary of the Treasury shall deposit into the Federal Old-Age and

Survivors Insurance Trust Fund created by section 201(a) of the Social

Security Act, and the Federal Disability Insurance Trust Fund created by

section 201(B) of that Act, in such proportions as the Secretary may

determine, amounts equal to the duties collected under section 1(a), less

such amounts that the Secretary determines are necessary to administer the

collection of such duties.

SEC. 3. CONSTRUCTION.

For purposes of this Act, the People's Republic of China shall not be

construed to include Taiwan or any island over which Taiwan exercises

jurisdiction.

SEC. 4. EFFECTIVE DATE.

This Act shall take effect on the 15th day after the date of the enactment

of this Act.

END

 

 

PS: I don't know what the author of this piece of shi.., pardon, legislation is smoking, but I want the same! :D

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I see guys you are not as enthusiastic as I’ am to respond to this garbage, so I decided to take the initiative.

Here is my take. I propose the Armenian Parliament to adopt a law on additional tariffs on products manufactured or assembled in any DUMB country (not to be confused with Dump, like in Dumping ;) . I will skip the banalities and go directly to the essence of the proposed bill.

 

© Definitions- In this section:

(1) DUMB COUNTRY- the term `Dumb country' means

the following:

(A) United States of America and any other country that the Parliament deems "DUMB".

(2) NON-DUMB COUNTRY- the term `non-dumb country" means a

country that operates on principles of reason and common sense.

 

SEC. 2. THE DEPOSITS OF TARIFFS ARE GOING TO SOCIAL SECURITY TRUST FUNDS, BEFORE THEY GO TO SOMEONE'S DEEP POCKET. :)

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