Balancing Trade Act of 2005 - Requires the President, if in three consecutive calendar years the United States has a trade deficit with another country of $10 billion or more, to take the necessary steps to create a trading relationship that would eliminate or substantially reduce that trade deficit, by entering into an agreement with that country or otherwise.
Sponsor introductory remarks on measure. (CR H852)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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