A BILL

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP59-00224A000100200002-1
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 5
• Document Creation Date: November 17, 2016
• Document Release Date: August 10, 2000
• Sequence Number: 2
• Publication Date: March 8, 1955
• Content Type: OPEN

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84TH CONGRESS
1ST SESSION
S. 1351
IN THE SENATE OF THE UNITED STATES
MARCH 8, 1955
Mr. IIITMPHREY introduced the following; bill ; which was read twice and referred
to the Committee on Finance
A BILL
To provide a means whereby domestic producers who are in-
jured by increased imports resulting from trade agreement
concessions may obtain preferences in bidding for Gov-
ernment contracts.
1 Be it enacted by the Senate and House of Representa-
tives of the United States of America in. Congress assembled,
That this Act may be cited as the "Reciprocal Trade Casual-
tics Act of 1955".
SEC. 2. The first sentence of the third paragraph of sec-
tion 7 (a) of the Trade Agreements Extension Act of 1951
(19 U. S. C., sec. 1364 (a)) is hereby amended to read
as follows : "Sli ould the Tariff Commission find, as the result
of its investigation and hearings, that a product on which a
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concession has been granted is, as a result, in whole or in
part, of the duty or other customs treatment reflecting such
concession, being imported in such increased quantities,
either actual or relative, as to cause or threaten serious injury
to the domestic industry producing like or directly com-
petitive products, it shall recommend to the President the
withdrawal or modification of the concession, its suspension
in whole or in part, the granting of Reciprocal Trade Casual-
ties Act Certificates, or the establishment of import quotas,
to the extent and for the time necessary to prevent or remedy
such injury,"
SEC. 3. The first sentence of section 7 (c) of such
Act of 1951 (19 U. S. C., sec. 1364 (c) ) is hereby
amended to read as follows : "Upon receipt of the Tariff
Commission's report of its investigation and hearings, the
President may make such adjustments in the rates of duty,
impose such quotas, or make such other ncodifications, or
provide for the issuance of such Reciprocal `Trade Casualties
Act Certifiu-ates, as are found and' reported by the Commis-
sion to be necessary to prevent or remedy serious injury
to the respective domestic industry."
SIC. 4. Section 7 of such Act of 195j. (19 U. S. C.,
sec. 1364) is hereby amended by adding at the end thereof
the following new subsection :
" (e) (1) It is hereby declared to be the purpose of
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1 this subsection to foster the economic survival of domestic
2 producers-
3 "(A) who, as a result (in whole or in part) of
4 the duty or other customs treatment reflecting a. con-
5 cession which has been granted under a trade agree-
6 ment, are being seriously injured or threatened with
7 serious injury, and
8 "(B) who take energetic steps to increase produc-
9 tivity or to develop new products, or both.
10 " (2) The President is hereby authorized to provide for
11 the issuance of certificates (which shall be known as "Re-
12 ciprocal Trade Casualties Act Certificates" which shall en-
13 title the holder thereof to a percentage advantage on any
14 bid on any purchase or contract by the United States. In
15 determining the lowest bid on any purchase or contract by
16 the United States, the bid of any domestic producer who
17 holds a Reciprocal Trade Casualties Act Certificate shall
18 be treated as if it were an amount determined by subtracting
19 from the bid price the amount obtained by multiplying the
20 bid price by the percentage advantage to which the pro-
21 ducer is entitled under the certificate.
22 " (3) A Reciprocal Trade Casualties Act Certificate
23 issued to any producer-
24 "(A) shall entitle the producer to such percentage
25 advantage (not to exceed 25 per centum), and
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1 " (B) shall be valid for such period (not to exceed
2 three years from the date of issuance or from the date
3 of an,), subsequent renewal) ,
4 as is detennined, under regulations prescribed under para-
5 graph (4) , will best carry out the purpose of this sub-
6 section.
7 " (4) The President is authorized to prescribe such
8 regulations as he deems necessary or appropriate to carry
9 out the provisions and purpose of this subsection."
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