Number: RL33550 Title: Trade Remedy Legislation: Applying Countervailing Action to Nonmarket Economy Countries Authors: Vivian C. Jones, Foreign Affairs, Defense, and Trade Division Abstract: Legislation seeking to apply countervailing action to NME countries has been introduced in the 110th Congress. This legislation includes S. 364 (Rockefeller); H.R. 571 (Tancredo), H.R. 708 (English); H.R. 782 (Ryan/Hunter) H.R. 2942 (Ryan/Hunter) and related bill S. 796 (Bunning/Stabenow); H.R. 1229 (Davis/English) and related bills S. 974 (Collins/Bayh) and S. 1919 (Baucus, introduced August 1, 2007). The Bush Administration has also taken some recent steps to address the issue. Pages: 24 Date: January 31, 2008