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H.R.629 / 108th Congress

To amend the Emergency Steel Loan Guarantee Act of 1999 to prohibit steel companies receiving loan guarantees from investing the loan proceeds in foreign steel companies and using the loan proceeds to import steel products from foreign countries that are subject to certain trade remedies.

Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

Official summary

Version 00 · Introduced in House · Feb 5, 2003

Amends the Emergency Steel Loan Guarantee Act of 1999 to prohibit qualified steel companies that have been issued loan guarantees under such Act from: (1) contributing any of the proceeds of such a loan to any facility located outside the United States that is engaged in manufacture of certain steel mill products (including ingots, slabs, or billets); or (2) using any such proceeds to import iron ore pellets, ingots, slabs, or billets produced in any country subject to specified trade remedies with respect to such products. Sets forth civil penalties for violations of the requirements of this Act.

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Who introduced it

Rep. Stupak, Bart [D-MI-1] · D–MI

Committees

  • Financial Services Committee
1 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

  2. Referred to the House Committee on Financial Services.

  3. Introduced in House

  4. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

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Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.629 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Institutions and government scope

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Individual rights and government power

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