A bill to amend the Antidumping Act, 1921, to provide for expedited proceedings under such Act, to provide for the withholding of appraisement on imported goods at an earlier time during such proceedings, and for other purposes.

Amends the Antidumping Act, 1921, to require the Secretary of the Treasury to determine whether there is reason to believe that imported goods are being sold in the United States or elsewhere at less than its fair market value within six months of the initiation of an investigation by the Secretary. Directs the Secretary to withhold appraisement of imported goods when the Secretary determines to initiate such an investigation. Deletes the provision of Federal law which permits an extension of time to make such a determination. Requires the Secretary to make a final determination within two months regarding the sale of imported goods at less than fair value.

Directs the Secretary to inform the International Trade Commission if the Secretary determines that the purchase price of imported goods is less, or likely to be less, than the foreign market value. Requires the Commission to investigate whether U.S. industry is being injured or less likely to be established due to such imported goods and to notify the Secretary of its determination within three months of the Secretary's determination.

Stipulates that any special dumping duty on imported goods should be assessed within one year after the Secretary has made a finding that the purchase price of such goods is less than fair value.