Foreign
Relations Bill III
H.
R. 3019
A
BILL
To provide fast-track trade negotiating authority to the President.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
(a) SHORT TITLE- This Act may be cited as the `Comprehensive Trade Negotiating Authority Act of 2001'.
(a) AGREEMENTS REGARDING TARIFF BARRIERS-
(1) IN GENERAL- Whenever the President determines that one or more existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States and that the purposes, policies, and objectives of this Act will be promoted thereby, the President--
(A) may enter into trade agreements with foreign countries before--
(i) the date that is 5 years after the date of the enactment of this Act, or
(ii) the date that is 7 years after such date of enactment, if fast track procedures are extended under subsection (c), and
(B) may proclaim--
(i) such modification or continuance of any existing duty,
(ii) such continuance of existing duty-free or excise treatment, or
(iii) such additional duties,
as the President determines to be required or appropriate to carry out any such trade agreement.The President shall notify the Congress of the President's intention to enter into an agreement under this subsection.
(b) AGREEMENTS REGARDING TARIFF AND NONTARIFF BARRIERS-
(1) IN GENERAL- (A) Whenever the President determines that--
(i) one or more existing duties or any other import restriction of any foreign country or the United States or any other barrier to, or other distortion of, international trade unduly burdens or restricts the foreign trade of the United States or adversely affects the United States economy, or
(ii) the imposition of any such barrier or distortion is likely to result in such a burden, restriction, or effect, the President may enter into a trade agreement described in subparagraph (B) during the period described in subparagraph (C).
(B) The President may enter into a trade agreement under subparagraph (A) with foreign countries providing for--
(i) the reduction or elimination of a duty, restriction, barrier, or other distortion described in subparagraph (A), or
(ii) the prohibition of, or limitation on the imposition of, such barrier or other distortion.
(C) The President may enter into a trade agreement under this paragraph before--
(i) the date that is 5 years after the date of the enactment of this Act, or
(ii) the date that is 7 years after such date of enactment, if fast track procedures are extended under subsection (c)..
(c) EXTENSION DISAPPROVAL PROCESS FOR CONGRESSIONAL FAST TRACK PROCEDURES-
(1) IN GENERAL-
(A) the fast track procedures apply to implementing bills submitted with respect to trade agreements entered into under subsection (b) before the date that is 5 years after the date of the enactment of this Act; and
(B) the fast track procedures shall be extended to implementing bills submitted with respect to trade agreements entered into under subsection (b) on or after the date specified in subparagraph (A) and before the date that is 7 years after the date of such enactment if (and only if)--
(i) the President requests such extension under paragraph (2); and
(ii) neither House of the Congress adopts an extension disapproval resolution before the date specified in subparagraph (A).
(a) IN GENERAL-
(1) NOTIFICATION, SUBMISSION, AND ENACTMENT- Any agreement entered into under section 2(b) shall enter into force with respect to the United States if (and only if)--
(A) the President, at least 120 calendar days before the day on which the President enters into the trade agreement, notifies the House of Representatives and the Senate of the President's intention to enter into the agreement, and promptly thereafter publishes notice of such intention in the Federal Register;
(B) the President, at least 90 calendar days before the day on which the President enters into the trade agreement, certifies to the Congress the trade agreement substantially achieves the principal negotiating objectives set forth in section 2 and those developed under section 5(b)(1);
(C) within 60 calendar days after entering into the agreement, the President submits to the Congress a description of those changes to existing laws that the President considers would be required in order to bring the United States into compliance with the agreement;
(D) after entering into the agreement, the President submits to the Congress a copy of the final legal text of the agreement, together with--
(i) a draft of an implementing bill;
(ii) a statement of any administrative action proposed to implement the trade agreement; and
(iii) the supporting information described in paragraph (2); and
(E) the implementing bill is enacted into law.
(b) LIMITATIONS ON FAST TRACK PROCEDURES; CONCURRENCE BY CONGRESSIONAL TRADE ADVISERS IN PRESIDENT'S CERTIFICATION-
(1) CONCURRENCE BY CONGRESSIONAL TRADE ADVISERS- The fast track procedures shall not apply to any implementing bill submitted with respect to a trade agreement of which notice was provided under subsection (a)(1)(A) unless a majority of the congressional trade advisers, by a vote held not later than 30 days after the President submits the certification to Congress under subsection (a)(1)(B) with respect to the trade agreement, concur in the President's certification. The failure of the congressional trade advisers to hold a vote within that 30-day period shall be considered to be concurrence in the President's certification.
(2) COMPUTATION OF TIME PERIOD- The 30-day period referred to in paragraph (1) shall be computed without regard to--
(A) the days on which either House of Congress is not in session because of an adjournment of more than 3 days to a day certain or an adjournment of the Congress sine die; and
(B) any Saturday and Sunday, not excluded under subparagraph (A), when either House of Congress is not in session.