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Protecting US Industry from Nonmarket Economy Overcapacity

This act aims to protect American businesses and jobs from unfair competition. It introduces new rules for assessing whether excessive production in nonmarket economies threatens US industries, potentially leading to additional duties on imported goods. This helps ensure more stable prices and greater availability of domestic products for citizens.
Key points
New rules allow assessment of whether overproduction in nonmarket economies harms US businesses.
Authorities will consider if overcapacity leads to price depression or increased imports into the US.
The act seeks to protect jobs and investments within the United States.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_6330
Sponsor: Rep. Higgins, Brian [D-NY-26]
Process start date: 2021-12-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Nonmarket Economy Overcapacity Reform Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6330.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-20.

What are the main provisions?

Key points include:

  • New rules allow assessment of whether overproduction in nonmarket economies harms US businesses.
  • Authorities will consider if overcapacity leads to price depression or increased imports into the US.
  • The act seeks to protect jobs and investments within the United States.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Higgins, Brian [D-NY-26].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR E38)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy