WASHINGTON (B)--A Senate and House conference committee approved legislation Oct. 3 to give federal revenue from duties the United States places on goods judged to have been "dumped" on the U.S. market to the U.S. industries that are being "injured" by foreign exporters. The money from those duties is presently given to the U.S. Treasury.
The Senate-House conferees voted to add the legislation to the conference report for the fiscal 2001 farm-spending bill despite some opposition, including a plea to reject the bill by C.W. Bill Young, R-FL, who chairs the House Appropriations Committee.
Sen. Robert Byrd, D-WV, proposed the legislation as an amendment Oct. 3 and estimated it would generate some $39 million annually for U.S. industries that have suffered because of dumping.
A version of the bill was introduced over a year ago by Sen. Mike DeWine, R-OH, as a means to help mainly the U.S. steel industry in the face of a "flood of drastically cheaper imported steel," but Byrd said Oct. 3 the bill would also greatly benefit U.S. apple and mushroom producers and exporters.
The conference report for the fiscal 2001 farm-spending bill was not completed Oct. 3. Young promised that the conferees would reconvene Oct. 4 to hash out some of the most contentious issues attached to the USDA budget.