[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1003 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1003

 To provide authority for the President to enter into trade agreements 
to conclude the Uruguay Round of multilateral trade negotiations under 
 the auspices of the General Agreement on Tariffs and Trade, to extend 
  tariff proclamation authority to carry out such agreements, and to 
 apply Congressional ``fast track'' procedures to a bill implementing 
                            such agreements.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                May 20 (legislative day, April 19), 1993

   Mr. Moynihan (for himself, Mr. Packwood, Mr. Rockefeller, and Mr. 
    Chafee) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To provide authority for the President to enter into trade agreements 
to conclude the Uruguay Round of multilateral trade negotiations under 
 the auspices of the General Agreement on Tariffs and Trade, to extend 
  tariff proclamation authority to carry out such agreements, and to 
 apply Congressional ``fast track'' procedures to a bill implementing 
                            such agreements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF URUGUAY ROUND TRADE AGREEMENT NEGOTIATING AND 
              PROCLAMATION AUTHORITY AND OF ``FAST TRACK'' PROCEDURES 
              TO IMPLEMENTING LEGISLATION.

    Section 1102 of the Omnibus Trade and Competitiveness Act of 1988 
(19 U.S.C. 2902) is amended by inserting at the end the following new 
subsection:
    ``(e) Special Provisions Regarding Uruguay Round Trade 
Negotiations.--
            ``(1) In general.--Notwithstanding the time limitations in 
        subsections (a) and (b), if the Uruguay Round of multilateral 
        trade negotiations under the auspices of the General Agreement 
        on Tariffs and Trade has not resulted in trade agreements by 
        May 31, 1993, the President may, during the period after May 
        31, 1993, and before April 16, 1994, enter into, under 
        subsections (a) and (b), trade agreements resulting from such 
        negotiations.
            ``(2) Application of tariff proclamation authority.--No 
        proclamation under subsection (a) to carry out the provisions 
        regarding tariff barriers of a trade agreement that is entered 
        into pursuant to paragraph (1) may take effect before the 
        effective date of a bill that implements the provisions 
        regarding nontariff barriers of a trade agreement that is 
        entered into under such paragraph.
            ``(3) Application of implementing and `fast track' 
        procedures.--Section 1103 applies to any trade agreement 
        negotiated under subsection (b) pursuant to paragraph (1), 
        except that--
                    ``(A) in applying subsection (a)(1)(A) of section 
                1103 to any such agreement, the phrase `at least 120 
                calendar days before the day on which he enters into 
                the trade agreement (but not later than December 15, 
                1993),' shall be substituted for the phrase `at least 
                90 calendar days before the day on which he enters into 
                the trade agreement'; and
                    ``(B) no provision of subsection (b) of section 
                1103 other than paragraph (1)(A) applies to any such 
                agreement and in applying such paragraph, `April 16, 
                1994;' shall be substituted for `June 1, 1991;'.
            ``(4) Advisory committee reports.--The report required 
        under section 135(e)(1) of the Trade Act of 1974 regarding any 
        trade agreement provided for under paragraph (1) shall be 
        provided to the President, the Congress, and the United States 
        Trade Representative not later than 30 days after the date on 
        which the President notifies the Congress under section 
        1103(a)(1)(A) of his intention to enter into the agreement (but 
        before January 15, 1994).''.

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