Page:United States Statutes at Large Volume 88 Part 2.djvu/702

 2018

PUBLIC LAW 93-618-JAN. 3, 1975

[88 STAT.

(4) Any import relief provided pursuant to this section may be reduced or terminated by the President when he determines, after taking into account the advice received from the Commission under subsection (i)(2) and after seeking advice of the Secretary of Commerce and the Secretary of Labor, that such reduction or termination is in the national interest. (5) For purposes of this subsection and subsection (i), the import relief provided in the case of an orderly marketing agreement shall be the level of relief contemplated by such agreement. Review of de(i)(l) So loug as any import relief provided pursuant to this ponsTo'pre's'i^" section or section 351 or 352 of the Trade Expansion Act of 1962 dent. remains in effect, the Commission shall keep under review develop1982. ' ments with respect to the industry concerned (including the progress and specific eiforts made by the firms in the industry concerned to adjust to import competition) and upon request of the President shall make reports to the President concerning such developments. (2) Upon request of the President or upon its own motion, the Commission shall advise the President of its judgment as to the probable economic effect on the industry concerned of the extension, reduction, or termination of the import relief provided pursuant to this section. (3) Upon petition on behalf of the industry concerned, filed with the Commission not earlier than the date which is 9 months, and not later than the date which is 6 months, before the date any import relief provided pursuant to this section or section 351 or 352 of the Trade Expansion Act of 1962 is to terminate by reason of the expiration of the initial period therefor, the Commission shall advise the President of its judgment as to the probable economic effect on such industry of such termination. (4) In advising the President under paragraph (2) or (3) as to the probable economic effect on the industry concerned, the Commission shall take into account all economic factors which it considers relevant, including the considerations set forth in section 202(c) and the progress and specific efforts made by the industry concerned to adjust to import competition. "^^""8(5) Advice by the Commission under paragraph (2) or (3) shall be given on the basis of an investigation during the course of which the Commission shall hold a hearing at which interested persons shall be given a reasonable opportunity to be present, to produce evidence, and to be heard. (j) No investigation for the purposes of section 201 shall be made with respect to an article which has received import relief under this section unless 2 years have elapsed since the last day on which import relief was provided with respect to such article pursuant to this section, (k)(1) Actions by the President pursuant to this section may be Ante, p. 1992. ^^g^\^QJ^ wlthout regard to the provisions of section 126(a) of this Act but only after consideration of the relation of such actions to the international obligations of the United States. Geographic (2) If the Commlsslou treats as the domestic industry production dom'el'tirpr°o'duc- locatcd lu a major geographic area of the United States under section tion. 2 0 1 (b)(3)(C), then the President shall take into account the geographic concentration of domestic production and of imports in that area in providing import relief, if any, which may include actions authorized under paragraph (1).

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