Steel Plan OKd: The House overwhelmingly approved...

Steel Plan OKd: The House overwhelmingly approved President Bush’s compromise plan to extend steel import restrictions on 29 foreign trading partners until April, 1992. The vote was 354-10. Bush’s plan, announced July 25, called for immediate negotiations with Japan, South Korea and other leading steel-exporting nations to extend annual limitations on the volume of steel allowed to be shipped to the U.S. The original pacts, which expired Saturday, were negotiated by the Reagan Administration in 1984. Many steel district lawmakers had pushed the Administration this summer to extend the curbs for five years.