S.Amdt. 2574

SA 2574. Mr. SCHATZ submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. EXEMPTION FOR CERTAIN FOOD ITEMS FROM DUTIES IMPOSED
PURSUANT TO NATIONAL EMERGENCY DECLARATION.

(a) In General.--Duties imposed pursuant to the national
emergency declared in Executive Order 14257 (90 Fed. Reg.
15041; relating to regulating imports with a reciprocal
tariff to rectify trade practices that contribute to large
and persistent annual United States goods trade deficits)
shall not apply with respect to a food item if the duties are
estimated to result in an increase in the final sale price of
the food item that exceeds the increase that would occur
under a projected annual inflation rate of 2 percent.
(b) Food Item Defined.--In this section, the term ``food
item'' means an item included in the ``foods, feeds, and
beverages'' principle end-use commodity category referred to
in the International Trade Application Programming Interface
of the Bureau of the Census.
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