S.Amdt. 2578

SA 2578. 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;

[[Page S4013]]

which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. EXEMPTION FOR CERTAIN CONSUMER GOODS 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 consumer good if the duties
are estimated to result in an increase in the final sale
price of the good that exceeds the increase that would occur
under a projected annual inflation rate of 2 percent.
(b) Consumer Good Defined.--In this section, the term
``consumer good'' means--
(1) an item included in the ``consumer goods'' principle
end-use commodity category referred to in the International
Trade Application Programming Interface of the Bureau of the
Census; and
(2) an intermediate input included in the ``capital goods''
or ``industrial supplies'' principle end-use commodity
category referred to in the International Trade Application
Programming Interface of the Bureau of the Census if the
intermediate input is used for the production of a good in
the United States for final sale to United States consumers.
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