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Section 1
That the Senate— observes the 95th anniversary of the enactment of the Tariff Act of 1930 (commonly known as the Smoot-Hawley Tariff Act of 1930) as a moment of historical reflection on the consequences of protectionist economic policies; views the Tariff Act of 1930 as a significant contributor to the Great Depression; affirms the importance of rules-based trade policy that reduces production costs for farmers, manufacturers, and construction firms in the United States, strengthens international economic cooperation, helps provide consumers in the United States with a larger variety of affordable goods, and opens up vast foreign markets to exports from the United States; and commits to encouraging trade and economic policies that encourage economic growth and avoid the repetition of historic policy mistakes.