that would impose a quota on steel imports. In response to a request from the Subcommittee on Trade of the House Ways and Means Committee, the Congressional Budget Office (CBO) has prepared this evaluation of the proposed quota and its effects on the steel industry and the economy. The report updates and expands testimony delivered to the subcommittee on June 20, 1984. A subsequent study for the subcommittee will examine other policy options available to address conditions in the steel industry. In keeping with CBO's mandate to provide objective analysis, this report makes no recommendations. The report was written by Louis L. Schorsch of CBO's Natural Resources and Commerce Division, under the supervision of David L. Bodd
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