Byrd Amendment in Global Commerce Policy
In this regard, a definition of this issue is as follows: the Continued Dumping and Subsidy Offset Act passed by the United States Congress in October 2000. Named after Senator Robert Byrd who proposed it as an amendment to an appropriation bill for agriculture. The Act seeks to ensure that proceeds from anti-dumping and countervailing duty cases are paid to the United States companies that initiated the cases. Companies receiving such payments may use them for items such as plant modernization and pension expenditures.
Byrd Amendmentin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Notes and References
- Dictionary of Trade Policy, “Byrd Amendment” entry (OAS)