Bill 3642

                    Current Status

Bill Number:                       3642
Type of Legislation:               Concurrent Resolution CR
Introducing Body:                  House
Introduced Date:                   19950221
Primary Sponsor:                   Koon, 
All Sponsors:                      Koon, Gamble, Knotts, Riser,
                                   Spearman, Stuart and Wright 
Drafted Document Number:           GJK\21451SD.95
Residing Body:                     Senate
Current Committee:                 Labor, Commerce and Industry
                                   Committee 12 SLCI
Subject:                           Velvet Market

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19950330  Introduced, referred to Committee        12 SLCI
House   19950329  Adopted, sent to Senate
House   19950323  Committee report: Favorable              24 HIMR
House   19950221  Introduced, referred to Committee        24 HIMR

COMMITTEE REPORT

March 23, 1995

H. 3642

Introduced by REPS. Koon, Gamble, Knotts, Riser, Spearman, Stuart and Wright

S. Printed 3/23/95--H.

Read the first time February 21, 1995.

To whom was referred a Concurrent Resolution (H. 3642), memorializing the Congress of the United States to take immediate action to stop the dumping into the American Market, etc., respectfully

That they have duly and carefully considered the same, and recommend that the same do pass:

RICHARD M. QUINN, JR., for Committee.

A CONCURRENT RESOLUTION

MEMORIALIZING THE CONGRESS OF THE UNITED STATES TO TAKE IMMEDIATE ACTION TO STOP THE DUMPING INTO THE AMERICAN MARKET OF VELVET IMPORTED FROM OTHER COUNTRIES AND TO REQUEST THE CONGRESS TO EXTEND THE IMPORTED VELVET DUTY TAX WHICH IS TO EXPIRE AT THE END OF 1996.

Whereas, it has come to the attention of the members of the General Assembly that vast quantities of cheaply produced velvet are being imported into the United States from overseas including such countries as South Korea; and

Whereas, while it is true that velvet can be produced in these countries at competitive prices, it is an unfair trade practice for foreign producers to sell velvet in this country far below its market price and possibly its production price in an attempt to force United States manufacturers out of business; and

Whereas, in recent years United States velvet manufacturers, with the assistance of federal and state officials, have been partially successful in limiting the amount of imported velvet which may be shipped into this country; and

Whereas, domestic velvet producers can compete with foreign producers provided that foreign producers adhere to the laws of this country which prohibit the practice of "dumping"; and

Whereas, there is also presently an imported velvet duty tax which is scheduled to expire at the end of 1996, and an extension of this tax would substantially help in bringing balance to the United States velvet market; and

Whereas, if steps are not taken to immediately deal with this problem, all competition in the velvet industry could be eliminated to the detriment of American consumers as American manufacturers are forced out of the marketplace. Now, therefore,

Be it resolved by the House of Representatives, the Senate concurring:

That the members of the General Assembly, by this resolution, hereby memorialize the Congress of the United States to take immediate action to stop the dumping into the American market of velvet imported from other countries and request the Congress to extend the imported velvet duty tax which is to expire at the end of 1996.

Be it further resolved that copies of this resolution be forwarded to the President of the United States Senate; the Speaker of the United States House of Representatives; and all members of the South Carolina Congressional Delegation in Washington, D.C.