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Code · BILL · 117th Congress · H.R. 4521 (Placed on Calendar Senate) — To provide for a coordinated Federal research initiative to ensure continued United States leadership in engineering... · Sec. 102302

Sec. 102302. Determination of benefit with respect to currency undervaluation

180 words·~1 min read·/bill/117/hr/4521/pcs/section-102302

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Section 771(5)(E) of the Tariff Act of 1930 ( 19 U.S.C. 1677(5)(E) ) is amended— in clause (iii), by striking , and and inserting a comma; in clause (iv), by striking the period at the end and inserting , and ; by inserting after clause
(iv)the following: in the case of a transaction involving currency, if there is a difference between the amount of currency received in exchange for United States dollars and the amount of currency that the recipient would have received absent an undervalued currency. ; and in the flush text following clause (v), as added by paragraph (3), by adding at the end the following: For purposes of clause (v), a determination of the existence and amount of a benefit from the exchange of an undervalued currency shall take into account a comparison of the exchange rates derived from a methodology determined by the administering authority to be appropriate in light of the facts and circumstances to the relevant actual exchange rates. That determination shall rely on authoritative information that is on the administrative record. .
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Sec. 102302
Determination of benefit with respect to currency undervaluation
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