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EXTENSION OF STEEL-IMPORT RESTRAINTS OK’D

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The extension of steel import restraints, once a contentious issue in Congress, is all but assured after an overwhelming House vote to extend restrictions until 1992.

Monday's 354-10 vote approved President Bush's compromise to extend the restrictions on 29 foreign trading partners until April 1992. The "no" votes were all Republicans.Sen. Bob Packwood, R-Ore., has introduced a companion measure in the Senate, where bipartisan approval is expected soon.

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 into the United States.