Trade Enforcement Act of 2008 Introduced in Congress
Late last week House Ways and Means Committee Chairman Charles B. Rangel (D-NY) and Ways and Means Trade Subcommittee Chairman Sander L. Levin (D-MI) introduced H.R. 6530, the Trade Enforcement Act of 2008. The bill contains a number of provisions that would modify existing laws on counterfeiting and piracy, import safety, market access for U.S. goods and services and trade remedies.
For example, the bill would codify the application of countervailing duty (CVD) law to non-market economies, such as China, and would require a stronger congressional oversight over a number of proposed changes to the methodology used by the U.S. in antidumping and CVD cases.
The full text of the bill can be found here.
Given the short time remaining in the current session of Congress, prospects for passage of this legislation remain low this year.