108 STAT. 4910 PUBLIC LAW 103-465—DEC. 8, 1994 (IV) by striking "of the Secretary under section 303 of this Act or", and (V) by striking "matter within such section 303, 701, or" and inserting "matter within such section 701 or". (iii) Section 701 (19 U.S.C. 1671) is amended by striking subsection (f). (ivT Section 780(c)(1) (19 U.S.C. 1677i(c)(l)) is amended by striking ", 732(a), or 303" and inserting "or 732(a)". 19 USC 1303 (C) OTHER REFERENCES.—Any reference to section 303 "°*®- in any other Federal law, Executive order, rule, or regulation shall be treated as a reference to section 303 of the Tariff Act of 1930 as in effect on the day before the effective date of title II of this Act. 19 USC 1315 (2) EFFECTIVE DATE.— The amendments made by this sub- "°*®- section shall take effect on the effective date of this title. SEC. 262. IMPOSITION OF COUNTERVAILING DUTIES. Section 701(a), (b), and (c) (19 U.S.C. 1671 (a), (b), and (c)) are amended to read as follows: " (a) GENERAL RULE.— I f— "(1) the administering authority determines that the government of a country or any public entity within the territory of a country is providing, directiy or indirectiy, a countervailable subsidy with respect to the manufacture, production, or export of a class or kind of merchandise imported, or sold (or likely to be sold) for importation, into the United States, and "(2) in the case of merchandise imported from a Subsidies Agreement country, the Commission determines that— "(A) an industry in the United States— "(i) is materially injured, or "(ii) is threatened with material injury, or "(B) the establishment of an industty in the United States is materially retarded, by reason of imports of tiiat merchandise or by reason of sales (or the likelihood of sales) of that merchandise for importation, then there shall be imposed upon such merchandise a countervailing duty, ia addition to any other duty imposed, equal to the amount of the net countervailable subsidy. For purposes of this subsection and section 705(b)(1), a reference to the sale of merchandise includes the entering into of any leasing arrangement regarding the merchandise that is equivalent to the sale of the merchandise. "(b) SUBSIDIES AGREEMENT COUNTRY.—For purposes of this title, the term 'Subsidies Agreement country* means— "(1) a WTO member country, "(2) a country which the President has determined has assumed obligations with respect to the United States which are substantially equivalent to the obligations under the Subsidies Agreement, or "(3) a country with respect to which the President determines that— "(A) there is an agreement in effect between the United States and that country which— "(i) was in force on the date of the enactment of the Uruguay Round Agreements Act, and
�
