STEEL IMPORTS.

SEC. 1322. STEEL IMPORTS. Section 805 of the Trade and Tariff Act of 1984 (19 U.S.C. 2253, note) is amended by adding at the end thereof the following new subsection: “(d) (1) Any steel product that is manufactured in a country that is not party to a bilateral arrangement from steel which was melted and poured in a country that is party to a bilateral arrangement (hereafter in this subsection referred to as an ‘arrangement country’) may be treated for purposes of the quantitative restrictions and related terms under that arrangement as if it were a product of the arrangement country. “(2) The President may implement such procedures as may be necessary or appropriate to carry out the purpose of paragraph (1). “(3) The United States Trade Representative may, in a manner consistent with the purpose of any so-called ‘third country equity provision’ of an arrangement entered into under the President’s Steel Policy, take such actions as he deems necessary with respect to steel imports of any other country or countries so as to ensure the effectiveness of any portion of such arrangement.”.