S. CON. RES. 40

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP87B00858R000200250016-0
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: September 20, 2010
• Sequence Number: 16
• Content Type: OPEN SOURCE

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99TH CONGRESS
1ST SESSION
. CON. RES. 40
To express the sense of the Congress that the President should appoint a
bipartisan Commission to study the trade deficit and related problems.
IN THE SENATE OF THE UNITED STATES
APRIL 16 (legislative day, APRIL 15), 1985
Mr. COCHRAN submitted the following concurrent resolution; which was referred
to the Committee on Finance
CONCURRENT RESOLUTION
To express the sense of the Congress that the President should
appoint a bipartisan Commission to study the trade deficit
and related problems.
Whereas the continuing imbalance of foreign currencies with the
United States dollar is a principal factor in undermining
United States trade competitiveness;
Whereas the United States trade deficit grew to a record
$123,300,000,000 in 1984;
Whereas with the appreciation of the dollar by more than 40
percent against a trade-weighted average of fifteen major
currencies, United States exports are under pressure in all
segments of the economy;
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Whereas the trade deficit has caused the loss of millions of jobs
and severe dislocation in many areas of the United States
economy;
Whereas the strength of the dollar is motivating United States
manufacturers to shift production abroad or to purchase
components and finished products from foreign suppliers;
Whereas United States exporters have been forced to abandon
overseas markets while foreign producers are gaining a foot-
hold in the United States market;
Whereas the serious imbalance of trade threatens the continuing
economic recovery which the United States has experienced
over the last two years;
Whereas domestic policy decisions must include a full consider-
ation of the international competitive position of the United
States; and
Whereas the trade deficit and related problems require immedi-
ate attention and a comprehensive plan of action: Now,
therefore, be it
1 Resolved by the Senate (the House of Representatives
2 concurring), That it is the sense of the Congress that the
3 President should appoint a Commission which shall-
4 (1) be composed of bipartisan members selected
5 from government, private industry, and educational in-
6 stitutions;
7 (2) make a full study of the United States trade
8 deficit and related problems; and
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3
1 (3) within six months after the formation of such
2 Commission, submit a report including findings and
3 recommendations for a plan of action, to the President.
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