S.Amdt. 2812

SA 2812. Mr. GRASSLEY submitted an amendment intended to be proposed by him to the bill S. 1637, to amend the Internal Revenue Code of 1986 to comply with the World Trade Organization rulings on the FSC/ETI benefit in a manner that preserves jobs and production activities in the United States, to reform and simplify the international taxation rules of the United States, and for other purposes; which was ordered to lie on the table; as follows:

At the end of the bill, add the following:

TITLE V--HOT-ROLLED STEEL

SEC. 501. IMPLEMENTATION OF HOT-ROLLED STEEL RULING.

(a) In General.--Section 735(c)(5) (A) and (B) of the Tariff Act of 1930 (19 U.S.C. 1673d(c)(5) (A) and (B)) are each amended by striking “entirely”.

(b) Effective Date.--The amendments made by subsection (a) shall apply to final determinations made on or after the date of enactment of this Act by the administering authority pursuant to section 735 of the Tariff Act of 1930.