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CC Resolution No. 8651565 RESOLUTION NO. 865 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN SUPPORTING THE PASSAGE OF H. R. 4352, THE FAIR TRADE IN STEEL ACT OF 1983; AND PROVIDING FOR THE EFFECTIVE DATE HEREOF. WHEREAS, the steel industry is critical to the national defense and the industrial base of the United States; and WHEREAS, substantial quantities of unfairly traded steel imports have injured the domestic steel industry and have reduced employment within the United States; and WHEREAS, the litigation process is inadequate to deal with unfair trade practices and foreign steel companies backed by their governments; and WHEREAS, the Fair Trade in Steel Act of 1983 would place restrictions on imported steel, such restrictions being in the amount of approximately 15% of the apparent domestic supply for five years; and WHEREAS, the bill would encourage capitol investment and modernization by the domestic industry, by allowing the quotas to be suspended if capital investment is not being made at appropriate levels; and WHEREAS, the overall effect of such legislation would be to revitalize the domestic steel industry and help preserve jobs and tax revenues; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City of Baytown supports H. R. 4352, also known as the Fair Trade in Steel Act of 1983, and further urges those who represent the Citizens of Baytown in the Congress of the United States to work in support of such legislation. Section 2: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 9th day of February, 1984. ALLEN CANNON, Mayor 1566 ATTEST: EILEE� � Y L City Clerk APPROVED: d2-,A�-2 RANDALL B. STRONG,•�