United States-Israel Free Trade Area Act - Authorizes the President to enter into a trade agreement with Israel providing for: (1) the continuance of existing duty free treatment of certain Israeli articles; and (2) the harmonization, reduction, or elimination of nontariff barriers to (and other distortions of) trade between the United States and Israel. Authorizes the President to proclaim such continuances and modifications of tariff treatment of and import restrictions on such articles as necessary to carry out the trade agreement.
Sets forth conditions for finding an Israeli article eligible for duty-free treatment under this Act.
Authorizes the President to suspend duty-free treatment for such Israeli articles and to proclaim a duty rate for such articles if such action is proclaimed under the import relief provision of the Trade Act of 1974 or under the national security provision of the Trade Expansion Act of 1962. Requires the U. S. International Trade Commission (ITC) to state in any report to the President on the need for import relief from a duty-free article under the Trade Act of 1974 whether the report applies to such an article when imported from Israel.
Prohibits making a proclamation which provides solely for a suspension of duty- free treatment unless the ITC, in addition to making an affirmative determination under the Trade Act of 1974, determines that the serious injury or threat of serious injury substantially caused by imports results from the duty-free treatment provided to imports from Israel. Provides that import relief proclamations issued under the Trade Act of 1974 which effect articles covered by this Act shall remain in effect until modified or terminated. Authorizes the President to modify or terminate such import relief provisions.
Authorizes filing a petition for emergency import relief with the Secretary of Agriculture regarding imports of perishable products from Israel which are given duty free treatment under this Act if a petition for import relief affecting such products is filed with the ITC.
Sets forth a procedure for dealing with such emergency import relief petitions.
Prohibits the duty-free treatment granted under this Act to Israeli imports from affecting the application of laws providing relief from injury caused by import competition or by unfair import trade practices. Prohibits extending a trade benefit to any other country by reason of the extension of a trade benefit to Israel under this Act.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Reported to House (Amended) by House Committee on Ways and Means. Report No: 98-1092.
Reported to House (Amended) by House Committee on Ways and Means. Report No: 98-1092.
Placed on Union Calendar No: 612.
Committee on Rules Granted a Modified Closed Rule Providing One Hour of General Debate; Waiving Certain Points of Order Against the Bill.
Rules Committee Resolution H.Res.598 Reported to House.
Rule Passed House.
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Called up by House by Rule.
Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.
House Agreed to Amendments Adopted by the Committee of the Whole.
House Incorporated the Text of H.R.5377 as an Amendment in the Nature of a Substitute to H.R.3398.
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 416 - 6 (Record Vote No: 437).
Roll Call #437 (House)Passed House (Amended) by Yea-Nay Vote: 416 - 6 (Record Vote No: 437).
Roll Call #437 (House)Received in the Senate and read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department.