Calling on the President to take all necessary measures to respond to the surge of steel imports resulting from the financial crises in Asia, Russia, and other regions, and for other purposes.

Calls upon the President: (1) to immediately review the entry into the customs territory of the United States of all steel products of Australia, China, South Africa, Ukraine, Indonesia, India, Japan, Russia, South Korea, or Brazil; (2) if he finds that the Governments of such countries are not abiding by the spirit and letter of international trade agreements regarding steel imports into the United States, to immediately impose a one-year ban on the imports of all steel products from such countries; (3) to establish a task force within the executive branch to closely monitor steel imports into the United States; and (4) to report to Congress on any other actions to ensure that all U.S. trading partners abide by such agreements.