3.0.0 446 2024-07-24T15:23:45Z 2024-07-24T15:23:45Z Senate S S 2023-02-15 118 ssfi00 Finance Committee Senate Standing Referred to 2023-02-15T21:44:14Z 2023-02-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2023-02-15 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N Y000064 Sen. Young, Todd [R-IN] Todd Young R IN 2023-02-15 True Foreign Trade and International Finance Competitiveness, trade promotion, trade deficits 2023-03-29T15:03:55Z Congressional oversight 2023-03-29T15:03:55Z Congressional-executive branch relations 2023-03-29T15:03:55Z Free trade and trade barriers 2023-03-29T15:03:55Z Normal trade relations, most-favored-nation treatment 2023-03-29T15:03:55Z Trade agreements and negotiations 2023-03-29T15:03:55Z Foreign Trade and International Finance 2023-03-16T15:00:27Z 00 2023-02-15 Introduced in Senate 2023-03-24T14:26:37Z Trading System Preservation Act

This bill authorizes the President to enter into covered plurilateral trade agreements. Covered plurilateral trade agreement refers to a sector-specific agreement within the framework of the World Trade Organization (WTO) involving foreign countries or foreign territories that form a subset of the members of the WTO that does not extend benefits on a most-favored-nation basis.

Specifically, the bill requires the U.S. Trade Representative to provide a classified briefing to specified congressional committees on the feasibility and advisability of pursuing and adopting covered plurilateral trade agreements.

After the congressional briefing, the bill directs the President to initiate negotiations for a covered plurilateral trade agreement when the President determines it is in the national interest to do so.

The bill authorizes the President to enter into these agreements in specified sectors of the economy (e.g., digital services and pharmaceuticals), with such authority expiring on July 1, 2028. Further, the President may proclaim a modification or continuance of any existing duty or continuance of existing excise or duty-free treatment to carry out an agreement.

]]> Trading System Preservation Act Display Title 45 Trading System Preservation Act 2024-07-24T15:23:45Z Short Title(s) as Introduced 101 Trading System Preservation Act 2024-05-24T13:42:25Z Introduced in Senate IS Official Title as Introduced 6 A bill to provide the President with authority to enter into certain plurilateral trade agreements with benefits only applying to signatories of those agreements, and for other purposes. 2023-03-07T03:43:47Z Introduced in Senate IS Introduced in Senate 2023-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s446is/xml/BILLS-118s446is.xml 2023-02-15 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.