Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.
Here's what I wonder: Will this make them "state enterprises" subject to GATT Article XVII? How much of a government ownership stake is required under the provision? And what's the significance of Article XVII's title referring to "State Trading Enterprises"? Are the car manufacturers "trading enterprises"? If there are any Article XVII experts out there, feel free to offer your thoughts.