United States Trade Enhancement Act of 2006
Latest action · Mar 29, 2006 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 381.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 28, 2006
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
United States Trade Enhancement Act of 2006 - Amends the Tariff Act of 1930 with respect to antidumping or countervailing duty reviews by the administering authority. Suspends, from April 1, 2006, until June 30, 2009, the requirement that the administering authority direct the Customs Service to allow, at the importer's option, the posting of a bond or security in lieu of a cash deposit, until completion of the review, for each entry of the subject merchandise (bonding privileges).
Requires the Secretary of the Treasury to report to specified congressional committees on: (1) the impact of such suspension; (2) any major problem in the collection of duties during the four most recent fiscal years; and (3) an analysis of proposed solutions for such problems.
Modifies the composition of the Office of the U.S. Trade Representatives (USTR) to include a General Counsel.
Requires the USTR to establish an interagency Trade Enforcement Working Group to assist the General Counsel.
Amends the Trade Act of 1974 to require the USTR to identify and report annually to specified congressional committees: (1) on U.S. trade enforcement priorities; (2) enforcement actions and their impact; and (3) priority foreign country trade practices on which the USTR will focus enforcement efforts.
International Monetary and Financial Policy Cooperation Act of 2006 - Amends the Omnibus Trade and Competitiveness Act of 1988 to repeal the Exchange Rates and International Economic Policy Coordination Act of 1988.
Requires the President to establish an Advisory Committee on International Monetary and Financial Policy, and the Secretary of the Treasury to report annually to Congress on international economic policy and currency exchange rates.
Specifies subsequent actions the Secretary shall take with respect to each currency of the major economies or economic areas that are in fundamental misalignment for which the misalignment causes, or contributes to, a material adverse impact on the U.S. economy.
Specifies conditions for U.S. approval of a proposed change in the governance arrangement of any international financial institution.
Amends the Tariff Act of 1930 to modify factors for determining if a foreign country is a "nonmarket economy country."
Provides for an additional Assistant Secretary of the Treasury.
Cosponsors 21
Members who signed on, in the order they did. Signatures ran from Mar 28, 2006 to Jun 12, 2006; 10 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Carl Levin | Original | Mar 28, 2006 |
| D-MI | Debbie Stabenow | Original | Mar 28, 2006 |
| R-NC | Elizabeth Dole | Original | Mar 28, 2006 |
| R-SC | Jim DeMint | Original | Mar 28, 2006 |
| R-ID | Larry E. Craig | Original | Mar 28, 2006 |
| R-RI | Lincoln Chafee | Original | Mar 28, 2006 |
| D-MT | Max Baucus | Original | Mar 28, 2006 |
| R-ID | Mike Crapo | Original | Mar 28, 2006 |
| R-IN | Richard G. Lugar | Original | Mar 28, 2006 |
| R-PA | Rick Santorum | Original | Mar 28, 2006 |
| R-SD | John Thune | Mar 31, 2006 | |
| R-MS | Trent Lott | Apr 5, 2006 | |
| R-VA | George Allen | Apr 24, 2006 | |
| R-TN | Lamar Alexander | May 23, 2006 | |
| R-MS | Thad Cochran | May 23, 2006 | |
| R-MO | Christopher S. Bond | May 24, 2006 | |
| R-NC | Richard Burr | May 24, 2006 | |
| D-CO | Ken Salazar | Jun 7, 2006 | |
| D-DE | Thomas R. Carper | Jun 7, 2006 | |
| R-KS | Sam Brownback | Jun 8, 2006 | |
| R-OH | George V. Voinovich | Jun 12, 2006 |
Actions 3
Everything that happened, newest first.
- Mar 29, 2006Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 381.
- Mar 28, 2006Introduced in Senate
- Mar 28, 2006Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S2542 | Jeff Sessions R-AL | Mar 29, 2006 |
| Senate | Debate and remarks S2481 | Mitch McConnell R-KY | Mar 28, 2006 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 695 | New Shipper Review Amendment Act of 2005 | Related bill | Nov 17, 2005 |
| HR 1039 | New Shipper Review Amendment Act of 2005 | Related bill | Mar 11, 2005 |
| S 2317 | Trade Competitiveness Act of 2006 | Related bill | Sep 14, 2006 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to enhance and improve the trade relations of the United States by strengthening United States trade enforcement efforts and encouraging United States trading partners to adhere to the rules and norms of international trade, and for other purposes.
- Short Titles as Introduced
- United States Trade Enhancement Act of 2006
- Short Titles as Introduced for portions of this bill
- International Monetary and Financial Policy Cooperation Act of 2006
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Advice and consent of the Senate
- American investments
- Authorization
- Capital movements
- Collection of accounts
- Congress
- Congress and foreign policy
- Congressional reporting requirements
- Countervailing duties
- Department of the Treasury
- Development credit institutions
- Dumping
- Economics and Public Finance
- Executive reorganization
- Export finance
- Federal advisory bodies
- Federal officials
- Finance and Financial Sector
- Foreign exchange
- Foreign loans
- Foreign Trade and International Finance
- Free trade
- Government Operations and Politics
- Government procurement
- Intellectual property
- International Affairs
- International competitiveness
- International monetary system
- Investment guaranty insurance
- Monetary policy
- Nontariff trade barriers
- Office of the U.S. Trade Representative
- Presidential appointments
- Surety and fidelity
- Trade agreements
- Trade negotiations
Text 1
Each version as it was printed, newest first.
- Mar 29, 2006Placed on Calendar Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.