Paul Rosenthal

Remarks by Paul Rosenthal on Revitalizing U.S. Trade Law

July 20, 2001

This idea was carried forward in the 1988 Trade Act. In the Finance Committee version of the bill, industries seeking relief would have been required to file an adjustment plan in order to be eligible for relief. The House version did not contain this requirement, and ultimately it was dropped in conference. As a practical matter, though, the concept of positive adjustment by industries seeking relief permeated the 1988 Act, and virtually all industries seeking relief now present something resembling a plan for adjustment.

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