Sec. 3. Disclosure by President of income, assets, and liabilities associated with countries subject to Presidential determinations in trade enforcement actions
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Before taking a covered action under a trade enforcement law with respect to a country, the President shall submit to Congress, in accordance with subsection (b), a report containing a full and complete statement of income earned, assets held, and liabilities owed by the President and associated with the country in the 12-month period preceding the submission of the report. The President shall submit the report required by subsection (a)— in the case of a covered action under section 201 of the Trade Act of 1974 ( 19 U.S.C. 2251 ) with respect to which a document is required to be transmitted to Congress under section 203(b) of that Act ( 19 U.S.C. 2253(b) ), not less than 30 days before the President transmits the document; in the case of a covered action under section 301 of the Trade Act of 1974 ( 19 U.S.C. 2411 ) that is the subject of a direction of the President as described in subsection (a)(1) or (b)(2) of that section, not less than 30 days before making that direction; in the case of a covered action under section 337 of the Tariff Act of 1930 ( 19 U.S.C. 1337 ), not later than 30 days after the date on which a copy of the determination of the United States International Trade Commission is transmitted to the President under subsection
(j)of that section; in the case of a covered action under section 701(b)(2) of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4421(b)(2) ), not later than the date on which the report required under subparagraph
(B)of that section is submitted to Congress; or in the case of a covered action not covered by paragraph (1), (2), (3), or (4), not less than 30 days before taking such action. In this section: The term covered action means— the modification under a trade enforcement law of a duty imposed with respect to articles imported from a country; or waiving action, or declining to exercise authority to take action, under a trade enforcement law in a trade enforcement matter with respect to a country. The term trade enforcement law means— chapter I of title II of the Trade Act of 1974 ( 19 U.S.C. 2251 et seq.); title III of that Act ( 19 U.S.C. 2411 et seq.); section 122 of that Act ( 19 U.S.C. 2132 ); section 406, 421, or 422 of that Act ( 19 U.S.C. 2436 , 2451, and 2451a); sections 337 and 338(a) of the Tariff Act of 1930 ( 19 U.S.C. 1337 and 1338(a)); section 232 of the Trade Expansion Act of 1962 ( 19 U.S.C. 1862 ); section 701 of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4421 ); the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.); or any other provision of law providing the President with authority to restrict trade with a foreign country through modification of a duty on imports.
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U.S. Code
- Action to facilitate positive adjustment to import competition§ 2251
- Action by President after determination of import injury§ 2253
- Actions by United States Trade Representative§ 2411
- Unfair practices in import trade§ 1337
- Enhancement of engagement on currency exchange rate and economic policies with certain major trading partners of the United States§ 4421
- Balance-of-payments authority§ 2132
- Market disruption§ 2436
- Safeguarding national security§ 1862
- Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities§ 1701
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Sec. 3
Disclosure by President of income, assets, and liabilities associated with countries subject to Presidential determinations in trade enforcement actions
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