South Carolina General Assembly
115th Session, 2003-2004

Download This Version in Microsoft Word format

Bill 776

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE REPORT

February 11, 2004

S. 776

Introduced by Senators Moore, Martin and Reese

S. Printed 2/11/04--S.    [SEC 2/12/04 11:58 AM]

Read the first time January 13, 2004.

            

THE GENERAL COMMITTEE

To whom was referred a Concurrent Resolution (S. 776) memorializing Congress to initiate action affecting United States' trade policy toward China so as to protect and preserve the textile industry of South Carolina and, etc., respectfully

REPORT:

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

WILLIAM MESCHER for Committee.

            

A CONCURRENT RESOLUTION

MEMORIALIZING CONGRESS TO INITIATE ACTION AFFECTING UNITED STATES' TRADE POLICY TOWARD CHINA SO AS TO PROTECT AND PRESERVE THE TEXTILE INDUSTRY OF SOUTH CAROLINA AND THE UNITED STATES.

Whereas, U.S. trade policy toward China is the most important factor leading to the bankruptcy of many of the nation's largest textile companies; and

Whereas, according to the American Textile Institute, the U.S. textile industry lost 267,000 jobs from January 2001 through March 2003; and

Whereas, Chinese sales of textiles to the US rose by 63 percent to 3.15 billion dollars in 2002; and

Whereas, from twelve months ending in March 2002 to twelve months ending in March 2003, the U.S. government has stood by while the China's textile and apparel exports to the United States have surged 140%; and

Whereas, the Chinese textile industry has a profound impact on the textile industry of the United States and South Carolina and the textile industry is vital to the economic welfare of the United States and South Carolina. Now, therefore,

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

That the members of the South Carolina General Assembly, by this resolution, request the Congress of the United States to:

1. support the extension of quotas on countries that use anti-competitive trade practices in textile and apparel trade;

2. initiate investigations and formulate cases against all Asian countries that manipulate their currencies; and

3. impose CVD (countervailing duty) against Chinese textile imports that are subsidized by the Chinese government.

Be it further resolved that a copy of this resolution be forwarded to the United States Senate, the United States House of Representatives, and to each member of the South Carolina Delegation.

----XX----

This web page was last updated on Thursday, June 25, 2009 at 10:20 A.M.