Relating to the importance of Japanese-American relations and the urgent need for Japan to more effectively address its economic and financial problems and open its markets by eliminating informal barriers to trade and investment, thereby making a more effective contribution to leading the Asian region out of its current financial crisis, insuring against a global recession, and reinforcing regional stability and security.
Motion to reconsider laid on the table Agreed to without objection.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Mar 24, 1998
Expresses the sense of the House of Representatives that Japan, because of its economic and technological achievements and democratic political system, should enhance alliance cooperation and raise its position of regional partnership by urgently: (1) undertaking broader and faster deregulation of its economy in order to promote opportunities for foreign firms (including foreign investment), improve transparency and disclosure, reward innovation and competition, and reduce systemic risk; (2) opening its distribution system to eliminate exclusionary and discriminatory business practices that limit imports and stifle economic growth and competition there; (3) honoring and implementing its bilateral trade agreements with the United States as well as its multilateral trade commitments; (4) addressing its fiscal problems in a manner that does not jeopardize economic recovery, including significant tax cuts and certain steps to solve systemic problems in the banking system; and (5) adopting all appropriate policies to strengthen the Japanese yen.
Passed/agreed to in House: On motion to suspend the rules and agree to the resolution, as amended Agreed to by the Yeas and Nays: (2/3 required): 391 - 2 (Roll No. 299).
Considered as unfinished business. (consideration: CR H5914)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H5883-5887)
Mr. Bereuter moved to suspend the rules and agree to the resolution, as amended.
Placed on the House Calendar, Calendar No. 229.
Committee on Ways and Means discharged.
Committee on Ways and Means discharged.
House Committee on Ways and Means Granted an extension for further consideration ending not later than July 17, 1998.
Committee on Banking and Financial Services discharged.
Committee on Banking and Financial Services discharged.
Reported (Amended) by the Committee on International Relations. H. Rept. 105-607, Part I.
Reported (Amended) by the Committee on International Relations. H. Rept. 105-607, Part I.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote.
Subcommittee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Asia and the Pacific.
Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to the Subcommittee on Trade.
Referred to House Ways and Means
Referred to House Banking and Financial Services
Referred to the Committee on International Relations, and in addition to the Committees on Banking and Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House International Relations
Introduced in House
Introduced in House
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