Balancing Trade Act of 2005
Last action on Nov 18, 2005Referred to the House Committee on Ways and Means.
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Summary
Balancing Trade Act of 2005 - Requires the President, if in three consecutive calendar years the United States has a trade deficit with another country of $10 billion or more, to take the necessary steps to create a trading relationship that would eliminate or substantially reduce that trade deficit, by entering into an agreement with that country or otherwise.
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