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U.S. Code as of:
01/19/04
Section 2704. International Trade Commission reports on impact of Caribbean Basin Economic Recovery Program
(a) Reporting requirement
(1) In general
The United States International Trade Commission (in this
section referred to as the "Commission") shall submit to Congress
and the President biennial reports regarding the economic impact
of this chapter on United States industries and consumers and on
the economy of the beneficiary countries.
(2) First report
The first report shall be submitted not later than September
30, 2001.
(3) Treatment of Puerto Rico, etc.
For purposes of this section, industries in the Commonwealth of
Puerto Rico and the insular possessions of the United States are
considered to be United States industries.
(b) Requisite areas of Commission assessment
(1) Each report required under subsection (a) of this section
shall include, but not be limited to, an assessment by the
Commission regarding -
(A) the actual effect, during the period covered by the report,
of this Act on the United States economy generally as well as on
those specific domestic industries which produce articles that
are like, or directly competitive with, articles being imported
into the United States from beneficiary countries; and
(B) the probable future effect which this Act will have on the
United States economy generally, as well as on such domestic
industries, before the provisions of this Act terminate.
(2) In preparing the assessments required under paragraph (1),
the Commission shall, to the extent practicable -
(A) analyze the production, trade and consumption of United
States products affected by this Act, taking into consideration
employment, profit levels, and use of productive facilities with
respect to the domestic industries concerned, and such other
economic factors in such industries as it considers relevant,
including prices, wages, sales, inventories, patterns of demand,
capital investment, obsolescence of equipment, and
diversification of production; and
(B) describe the nature and extent of any significant change in
employment, profit levels, and use of productive facilities, and
such other conditions as it deems relevant in the domestic
industries concerned, which it believes are attributable to this
Act.
(c) Time of submission of reports; public participation
(1) Each report required under subsection (a) of this section
shall be submitted to the Congress and to the President before the
close of the nine-month period beginning on the day after the last
day of the period covered by the report.
(2) The Commission shall provide opportunity for the submission
by the public, either orally or in writing, or both, of information
relating to matters that will be addressed in the reports.
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