CURRENCY CONVERSION.

SEC. 225. CURRENCY CONVERSION. (a) In General.—Subtitle D of title VII (19 U.S.C. 1677 et seq.) is amended by inserting after section 773 the following new section: “SEC. 773A. CURRENCY CONVERSION. “(a) In General.—In an antidumping proceeding under this title, the administering authority shall convert foreign currencies into United States dollars using the exchange rate in effect on the date of sale of the subject merchandise, except that, if it is established that a currency transaction on forward markets is directly linked to an export sale under consideration, the exchange rate specified with respect to such currency in the forward sale agreement shall be used to convert the foreign currency. Fluctuations in exchange rates shall be ignored. “(b) Sustained Movement in Foreign Currency Value—In an investigation under subtitle B, if there is a sustained movement in the value of the foreign currency relative to the United States dollar, the administering authority shall allow exporters at least 60 days to adjust their export prices to reflect such sustained movement”. (b) Conforming Amendment.—The table of contents for title VII is amended by inserting after the item relating to section 773 the following new item: “Sec. 773A. Currency conversion.”