International Fair Competition Act of 1992
This bill died when its Congress ended.
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International Fair Competition Act of 1992 - Makes it unlawful for any person to export an article from a foreign country into, or cause an article to be sold within, the United States at a price that is less than the average total cost of the article, if: (1) the exportation or sale has the effect of destroying or injuring commerce, preventing the establishment of a line of commerce, or substantially lessening competition or tending to create a monopoly in any part of trade and commerce in the article in the United States; and (2) the foreign country's market in the article lacks effective price competition among competitors or is substantially closed to effective international competition. Directs the Federal Trade Commission to issue guidelines which describe conditions that constitute a foreign market substantially closed to effective international competition and prescribe standards for determining the average total cost of articles.
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