A bill to revise the first section of the Clayton Act to expand the scope of the antitrust laws, and for other purposes.
Unfair Foreign Competition Act of 1983 - Amends the Clayton Act to include within the definition of "antitrust laws" for purposes of such Act the Unfair Competition Act.
Amends the Unfair Competition Act to prohibit the importation or sale of articles from a foreign country in the United States at a price below the actual market value, wholesale price, or constructed value price of such articles if the sale of such articles would or does: (1) injure U.S. labor or industry; (2) prevent the establishment of an industry in the United States; or (3) restrain or monopolize trade of such articles in the United States. (Currently, such importation or sale is prohibited only if the person importing or selling intends to cause such injury, prevention, restraint, or monopoly.) Increases from $5,000 to $50,000 the maximum fine for violating such prohibition.
Authorizes a U.S. district court before which a proceeding on such a violation is pending to: (1) subpoena any parties whether or not they reside within the court's district; and (2) enjoin the importation or distribution in interstate commerce by a defendant of the articles alleged to have been sold or imported in violation of the Unfair Competition Act if the defendant fails to comply
Introduced in Senate
Read twice and referred to the Committee on Judiciary.
Committee on Judiciary requested executive comment from Office of the U.S. Attorney General.
Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 98-806.
Committee on Judiciary received executive comment from Office of the U.S. Attorney General.
Referred jointly to the Committees on Judiciary; Finance by unanimous consent.
Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department, Agriculture Department.
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