FEDERAL · 19 U.S.C. · Chapter 12

Compensation authority

Current through Pub. L. 119-102
Title 19Customs Duties·Subtitle VI·Ch. 12 — TRADE ACT OF 1974·Subch. I·Pt. 2
(a)New concessions Whenever—
(1)any action taken under part 1 of subchapter II or subchapter III, or under part 2 of subchapter IV of this chapter; or
(2)any judicial or administrative tariff reclassification that becomes final after August 23, 1988; increases or imposes any duty or other import restriction, the President—
(A)may enter into trade agreements with foreign countries or instrumentalities for the purpose of granting new concessions as compensation in order to maintain the general level of reciprocal and mutually advantageous concessions; and
(B)may proclaim such modification or continuance of any existing duty, or such continuance of existing duty-free or excise treatment, as he determines to be required or appropriate to carry out any such agreement.
(b)Reductions in rat

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Related

§ 2902
19 U.S.C. § 2902
§ 2253
19 U.S.C. § 2253

Source Credit

History

(Pub. L. 93–618, title I, §123, Jan. 3, 1975, 88 Stat. 1989; Pub. L. 100–418, title I, §§1104, 1401(b)(1)(A), Aug. 23, 1988, 102 Stat. 1132, 1239; Pub. L. 106–286, div. A, title I, §104, Oct. 10, 2000, 114 Stat. 891.)

Editorial Notes

Editorial Notes

Amendments
2000—Subsec. (a)(1). Pub. L. 106–286 inserted ", or under part 2 of subchapter IV of this chapter" after "subchapter III of this chapter".
1988—Subsec. (a). Pub. L. 100–418, §1104(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: "Whenever any action has been taken under section 2253 of this title to increase or impose any duty or other import restriction, the President—
"(1) may enter into trade agreements with foreign countries or instrumentalities for the purpose of granting new concessions as compensation in order to maintain the general level of reciprocal and mutually advantageous concessions; and
"(2) may proclaim such modification or continuance of any existing duty, or such continuance of existing duty-free or excise treatment, as he determines to be required or appropriate to carry out any such agreement."
Subsec. (b)(2). Pub. L. 100–418, §1104(2), substituted "section 2902(a)" for "section 2119" and "such section 2902(a)" for "section 2111" in two places.
Subsec. (b)(4). Pub. L. 100–418, §1401(b)(1)(A), substituted "action under sections 2253(e) and 2254 of this title" for "import relief under section 2253(h) of this title".
Subsec. (d). Pub. L. 100–418, §1104(3), substituted "section 2902" for "section 2111".
Subsec. (e). Pub. L. 100–418, §1104(4), added subsec. (e).

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment
Amendment by section 1401(b)(1)(A) of Pub. L. 100–418 effective Aug. 23, 1988, and applicable with respect to investigations initiated under part 1 (§2251 et seq.) of subchapter III of this chapter on or after that date, see section 1401(c) of Pub. L. 100–418, set out as a note under section 2251 of this title.