Page:United States Statutes at Large Volume 114 Part 5.djvu/290

 114 STAT. 2763A-250 PUBLIC LAW 106-554—APPENDIX D fiscal or other resources necessary to carry out this subsection are reflected in the Budget of the United States Government submitted by the President under section 1104 of title 31, United States Code. (7) There are authorized to be appropriated to the Secretary of Commerce to carry out the provisions of this subsection such sums, not exceeding $4,000,000 for each of fiscal years 2001, 2002, 2003, 2004, and 2005, as are reported under paragraph (5) to be reflected in the Budget of the United States Government. (g) Section 111(b)(1) of the Sustainable Fisheries Act (16 U.S.C. 1855 nt) is amended by striking the last sentence and inserting, "There are authorized to be appropriated to carry out this subsection $500,000 for each fiscal year.". SEC. 145. (a) Section 4(b)(1) of the Department of State Special Agents Retirement Act of 1998 (22 U.S.C. 4044 note; Public Law 105-382; 112 Stat. 3409) is amended by inserting "or participant who was serving as of January 1, 1997" after "employed participant". (b) The amendment made by this section shall take effect on January 1, 2001. SEC. 146. (a) Congress makes the following findings: (1) Total steel imports in 2000 will be over 2V2 times higher than in 1991, continuing the alarming trend of sharply increasing steel imports over the past decade. (2) Unprecedented levels of steel imports flooded the United States market in 1998 and 1999, causing a crisis in which thousands of steelworkers were laid off and six steel companies went bankrupt. (3) The domestic steel industry still has not had an opportunity to recover from the 1998-1999 steel import crisis, and steel imports are again causing serious injury to United States steel producers and workers. (4) Total steel imports through August 2000 are 17 percent higher than over the same period in 1999 and greater even than imports over the same period in 1998, a record year. (5) Steel prices continue to be depressed, with hot-rolled steel prices 12 percent lower in August 2000 than in the first quarter of 1998, and average import customs values for all steel products more than 15 percent lower over the same period. (6) The United States Government must maintain and fully enforce all existing relief against foreign unfair trade. (7) The United States steel industry is a clean, highly efficient industry having modernized itself at great human and financial cost, shedding over 330,000 jobs and investing more than $50,000,000,000 over the last 20 years. (8) Capacity utilization in the United States steel industry has fallen sharply since the beginning of the year and the market capitalization and debt ratings of the major United States steel firms are at precarious levels. (9) The Department of Commerce recently documented the underlying market-distorting practices and longstanding structural problems that plague the global steel trade with excess capacity and cause diversion of unfairly traded foreign steel to the United States. (10) The President recognized that unfair trade played a significant role in the devastating import surge of steel and recognized the need to vigorously enforce the trade laws.

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