[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3005 Reported in Senate (RS)]






                                                       Calendar No. 319
107th CONGRESS
  2d Session
                                H. R. 3005

                          [Report No. 107-139]


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 6, 2001

     Received; read twice and referred to the Committee on Finance

                           February 28, 2002

               Reported by Mr. Baucus, with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 AN ACT


 
To extend trade authorities procedures with respect to reciprocal trade 
                              agreements.

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

<DELETED>SECTION 1. SHORT TITLE AND FINDINGS.</DELETED>

<DELETED>    (a) Short Title.--This Act may be cited as the 
``Bipartisan Trade Promotion Authority Act of 2001''.</DELETED>
<DELETED>    (b) Findings.--The Congress makes the following 
findings:</DELETED>
        <DELETED>    (1) The expansion of international trade is vital 
        to the national security of the United States. Trade is 
        critical to the economic growth and strength of the United 
        States and to its leadership in the world. Stable trading 
        relationships promote security and prosperity. Trade agreements 
        today serve the same purposes that security pacts played during 
        the Cold War, binding nations together through a series of 
        mutual rights and obligations. Leadership by the United States 
        in international trade fosters open markets, democracy, and 
        peace throughout the world.</DELETED>
        <DELETED>    (2) The national security of the United States 
        depends on its economic security, which in turn is founded upon 
        a vibrant and growing industrial base. Trade expansion has been 
        the engine of economic growth. Trade agreements maximize 
        opportunities for the critical sectors and building blocks of 
        the economy of the United States, such as information 
        technology, telecommunications and other leading technologies, 
        basic industries, capital equipment, medical equipment, 
        services, agriculture, environmental technology, and 
        intellectual property. Trade will create new opportunities for 
        the United States and preserve the unparalleled strength of the 
        United States in economic, political, and military affairs. The 
        United States, secured by expanding trade and economic 
        opportunities, will meet the challenges of the twenty-first 
        century.</DELETED>

<DELETED>SEC. 2. TRADE NEGOTIATING OBJECTIVES.</DELETED>

<DELETED>    (a) Overall Trade Negotiating Objectives.--The overall 
trade negotiating objectives of the United States for agreements 
subject to the provisions of section 3 are--</DELETED>
        <DELETED>    (1) to obtain more open, equitable, and reciprocal 
        market access;</DELETED>
        <DELETED>    (2) to obtain the reduction or elimination of 
        barriers and distortions that are directly related to trade and 
        that decrease market opportunities for United States exports or 
        otherwise distort United States trade;</DELETED>
        <DELETED>    (3) to further strengthen the system of 
        international trading disciplines and procedures, including 
        dispute settlement;</DELETED>
        <DELETED>    (4) to foster economic growth, raise living 
        standards, and promote full employment in the United States and 
        to enhance the global economy;</DELETED>
        <DELETED>    (5) to ensure that trade and environmental 
        policies are mutually supportive and to seek to protect and 
        preserve the environment and enhance the international means of 
        doing so, while optimizing the use of the world's 
        resources;</DELETED>
        <DELETED>    (6) to promote respect for worker rights and the 
        rights of children consistent with core labor standards of the 
        International Labor Organization (as defined in section 11(2)) 
        and an understanding of the relationship between trade and 
        worker rights; and</DELETED>
        <DELETED>    (7) to seek provisions in trade agreements under 
        which parties to those agreements strive to ensure that they do 
        not weaken or reduce the protections afforded in domestic 
        environmental and labor laws as an encouragement for 
        trade.</DELETED>
<DELETED>    (b) Principal Trade Negotiating Objectives.--</DELETED>
        <DELETED>    (1) Trade barriers and distortions.--The principal 
        negotiating objectives of the United States regarding trade 
        barriers and other trade distortions are--</DELETED>
                <DELETED>    (A) to expand competitive market 
                opportunities for United States exports and to obtain 
                fairer and more open conditions of trade by reducing or 
                eliminating tariff and nontariff barriers and policies 
                and practices of foreign governments directly related 
                to trade that decrease market opportunities for United 
                States exports or otherwise distort United States 
                trade; and</DELETED>
                <DELETED>    (B) to obtain reciprocal tariff and 
                nontariff barrier elimination agreements, with 
                particular attention to those tariff categories covered 
                in section 111(b) of the Uruguay Round Agreements Act 
                (19 U.S.C. 3521(b)).</DELETED>
        <DELETED>    (2) Trade in services.--The principal negotiating 
        objective of the United States regarding trade in services is 
        to reduce or eliminate barriers to international trade in 
        services, including regulatory and other barriers that deny 
        national treatment and market access or unreasonably restrict 
        the establishment or operations of service suppliers.</DELETED>
        <DELETED>    (3) Foreign investment.--The principal negotiating 
        objective of the United States regarding foreign investment is 
        to reduce or eliminate artificial or trade-distorting barriers 
        to trade-related foreign investment and, recognizing that 
        United States law on the whole provides a high level of 
        protection for investment, consistent with or greater than the 
        level required by international law, to secure for investors 
        important rights comparable to those that would be available 
        under United States legal principles and practice, by--
        </DELETED>
                <DELETED>    (A) reducing or eliminating exceptions to 
                the principle of national treatment;</DELETED>
                <DELETED>    (B) freeing the transfer of funds relating 
                to investments;</DELETED>
                <DELETED>    (C) reducing or eliminating performance 
                requirements, forced technology transfers, and other 
                unreasonable barriers to the establishment and 
                operation of investments;</DELETED>
                <DELETED>    (D) seeking to establish standards for 
                expropriation and compensation for expropriation, 
                consistent with United States legal principles and 
                practice;</DELETED>
                <DELETED>    (E) providing meaningful procedures for 
                resolving investment disputes;</DELETED>
                <DELETED>    (F) seeking to improve mechanisms used to 
                resolve disputes between an investor and a government 
                through--</DELETED>
                        <DELETED>    (i) mechanisms to eliminate 
                        frivolous claims; and</DELETED>
                        <DELETED>    (ii) procedures to ensure the 
                        efficient selection of arbitrators and the 
                        expeditious disposition of claims;</DELETED>
                <DELETED>    (G) providing an appellate or similar 
                review mechanism to correct manifestly erroneous 
                interpretations of law; and</DELETED>
                <DELETED>    (H) ensuring the fullest measure of 
                transparency in the dispute settlement mechanism, to 
                the extent consistent with the need to protect 
                information that is classified or business 
                confidential, by--</DELETED>
                        <DELETED>    (i) ensuring that all requests for 
                        dispute settlement are promptly made 
                        public;</DELETED>
                        <DELETED>    (ii) ensuring that--</DELETED>
                                <DELETED>    (I) all proceedings, 
                                submissions, findings, and decisions 
                                are promptly made public;</DELETED>
                                <DELETED>    (II) all hearings are open 
                                to the public; and</DELETED>
                        <DELETED>    (iii) establishing a mechanism for 
                        acceptance of amicus curiae submissions from 
                        businesses, unions, and nongovernmental 
                        organizations.</DELETED>
        <DELETED>    (4) Intellectual property.--The principal 
        negotiating objectives of the United States regarding trade-
        related intellectual property are--</DELETED>
                <DELETED>    (A) to further promote adequate and 
                effective protection of intellectual property rights, 
                including through--</DELETED>
                        <DELETED>    (i)(I) ensuring accelerated and 
                        full implementation of the Agreement on Trade-
                        Related Aspects of Intellectual Property Rights 
                        referred to in section 101(d)(15) of the 
                        Uruguay Round Agreements Act (19 U.S.C. 
                        3511(d)(15)), particularly with respect to 
                        meeting enforcement obligations under that 
                        agreement; and</DELETED>
                        <DELETED>    (II) ensuring that the provisions 
                        of any multilateral or bilateral trade 
                        agreement governing intellectual property 
                        rights that is entered into by the United 
                        States reflect a standard of protection similar 
                        to that found in United States law;</DELETED>
                        <DELETED>    (ii) providing strong protection 
                        for new and emerging technologies and new 
                        methods of transmitting and distributing 
                        products embodying intellectual 
                        property;</DELETED>
                        <DELETED>    (iii) preventing or eliminating 
                        discrimination with respect to matters 
                        affecting the availability, acquisition, scope, 
                        maintenance, use, and enforcement of 
                        intellectual property rights;</DELETED>
                        <DELETED>    (iv) ensuring that standards of 
                        protection and enforcement keep pace with 
                        technological developments, and in particular 
                        ensuring that rightholders have the legal and 
                        technological means to control the use of their 
                        works through the Internet and other global 
                        communication media, and to prevent the 
                        unauthorized use of their works; and</DELETED>
                        <DELETED>    (v) providing strong enforcement 
                        of intellectual property rights, including 
                        through accessible, expeditious, and effective 
                        civil, administrative, and criminal enforcement 
                        mechanisms; and</DELETED>
                <DELETED>    (B) to secure fair, equitable, and 
                nondiscriminatory market access opportunities for 
                United States persons that rely upon intellectual 
                property protection.</DELETED>
        <DELETED>    (5) Transparency.--The principal negotiating 
        objective of the United States with respect to transparency is 
        to obtain wider and broader application of the principle of 
        transparency through--</DELETED>
                <DELETED>    (A) increased and more timely public 
                access to information regarding trade issues and the 
                activities of international trade 
                institutions;</DELETED>
                <DELETED>    (B) increased openness at the WTO and 
                other international trade fora by increasing public 
                access to appropriate meetings, proceedings, and 
                submissions, including with regard to dispute 
                settlement and investment; and</DELETED>
                <DELETED>    (C) increased and more timely public 
                access to all notifications and supporting 
                documentation submitted by parties to the 
                WTO.</DELETED>
        <DELETED>    (6) Anti-corruption.--The principal negotiating 
        objectives of the United States with respect to the use of 
        money or other things of value to influence acts, decisions, or 
        omissions of foreign governments or officials or to secure any 
        improper advantage in a manner affecting trade are--</DELETED>
                <DELETED>    (A) to obtain high standards and 
                appropriate domestic enforcement mechanisms applicable 
                to persons from all countries participating in the 
                applicable trade agreement that prohibit such attempts 
                to influence acts, decisions, or omissions of foreign 
                governments; and</DELETED>
                <DELETED>    (B) to ensure that such standards do not 
                place United States persons at a competitive 
                disadvantage in international trade.</DELETED>
        <DELETED>    (7) Improvement of the wto and multilateral trade 
        agreements.--The principal negotiating objectives of the United 
        States regarding the improvement of the World Trade 
        Organization, the Uruguay Round Agreements, and other 
        multilateral and bilateral trade agreements are--</DELETED>
                <DELETED>    (A) to achieve full implementation and 
                extend the coverage of the World Trade Organization and 
                such agreements to products, sectors, and conditions of 
                trade not adequately covered; and</DELETED>
                <DELETED>    (B) to expand country participation in and 
                enhancement of the Information Technology Agreement and 
                other trade agreements.</DELETED>
        <DELETED>    (8) Regulatory practices.--The principal 
        negotiating objectives of the United States regarding the use 
        of government regulation or other practices by foreign 
        governments to provide a competitive advantage to their 
        domestic producers, service providers, or investors and thereby 
        reduce market access for United States goods, services, and 
        investments are--</DELETED>
                <DELETED>    (A) to achieve increased transparency and 
                opportunity for the participation of affected parties 
                in the development of regulations;</DELETED>
                <DELETED>    (B) to require that proposed regulations 
                be based on sound science, cost-benefit analysis, risk 
                assessment, or other objective evidence;</DELETED>
                <DELETED>    (C) to establish consultative mechanisms 
                among parties to trade agreements to promote increased 
                transparency in developing guidelines, rules, 
                regulations, and laws for government procurement and 
                other regulatory regimes; and</DELETED>
                <DELETED>    (D) to achieve the elimination of 
                government measures such as price controls and 
                reference pricing which deny full market access for 
                United States products.</DELETED>
        <DELETED>    (9) Electronic commerce.--The principal 
        negotiating objectives of the United States with respect to 
        electronic commerce are--</DELETED>
                <DELETED>    (A) to ensure that current obligations, 
                rules, disciplines, and commitments under the World 
                Trade Organization apply to electronic 
                commerce;</DELETED>
                <DELETED>    (B) to ensure that--</DELETED>
                        <DELETED>    (i) electronically delivered goods 
                        and services receive no less favorable 
                        treatment under trade rules and commitments 
                        than like products delivered in physical form; 
                        and</DELETED>
                        <DELETED>    (ii) the classification of such 
                        goods and services ensures the most liberal 
                        trade treatment possible;</DELETED>
                <DELETED>    (C) to ensure that governments refrain 
                from implementing trade-related measures that impede 
                electronic commerce;</DELETED>
                <DELETED>    (D) where legitimate policy objectives 
                require domestic regulations that affect electronic 
                commerce, to obtain commitments that any such 
                regulations are the least restrictive on trade, 
                nondiscriminatory, and transparent, and promote an open 
                market environment; and</DELETED>
                <DELETED>    (E) to extend the moratorium of the World 
                Trade Organization on duties on electronic 
                transmissions.</DELETED>
        <DELETED>    (10) Reciprocal trade in agriculture.--(A) The 
        principal negotiating objective of the United States with 
        respect to agriculture is to obtain competitive opportunities 
        for United States exports of agricultural commodities in 
        foreign markets substantially equivalent to the competitive 
        opportunities afforded foreign exports in United States markets 
        and to achieve fairer and more open conditions of trade in 
        bulk, specialty crop, and value-added commodities by--
        </DELETED>
                <DELETED>    (i) reducing or eliminating, by a date 
                certain, tariffs or other charges that decrease market 
                opportunities for United States exports--</DELETED>
                        <DELETED>    (I) giving priority to those 
                        products that are subject to significantly 
                        higher tariffs or subsidy regimes of major 
                        producing countries; and</DELETED>
                        <DELETED>    (II) providing reasonable 
                        adjustment periods for United States import-
                        sensitive products, in close consultation with 
                        the Congress on such products before initiating 
                        tariff reduction negotiations;</DELETED>
                <DELETED>    (ii) reducing tariffs to levels that are 
                the same as or lower than those in the United 
                States;</DELETED>
                <DELETED>    (iii) reducing or eliminating subsidies 
                that decrease market opportunities for United States 
                exports or unfairly distort agriculture markets to the 
                detriment of the United States;</DELETED>
                <DELETED>    (iv) allowing the preservation of programs 
                that support family farms and rural communities but do 
                not distort trade;</DELETED>
                <DELETED>    (v) developing disciplines for domestic 
                support programs, so that production that is in excess 
                of domestic food security needs is sold at world 
                prices;</DELETED>
                <DELETED>    (vi) eliminating Government policies that 
                create price-depressing surpluses;</DELETED>
                <DELETED>    (vii) eliminating state trading 
                enterprises whenever possible;</DELETED>
                <DELETED>    (viii) developing, strengthening, and 
                clarifying rules and effective dispute settlement 
                mechanisms to eliminate practices that unfairly 
                decrease United States market access opportunities or 
                distort agricultural markets to the detriment of the 
                United States, particularly with respect to import-
                sensitive products, including--</DELETED>
                        <DELETED>    (I) unfair or trade-distorting 
                        activities of state trading enterprises and 
                        other administrative mechanisms, with emphasis 
                        on requiring price transparency in the 
                        operation of state trading enterprises and such 
                        other mechanisms in order to end cross 
                        subsidization, price discrimination, and price 
                        undercutting;</DELETED>
                        <DELETED>    (II) unjustified trade 
                        restrictions or commercial requirements, such 
                        as labeling, that affect new technologies, 
                        including biotechnology;</DELETED>
                        <DELETED>    (III) unjustified sanitary or 
                        phytosanitary restrictions, including those not 
                        based on scientific principles in contravention 
                        of the Uruguay Round Agreements;</DELETED>
                        <DELETED>    (IV) other unjustified technical 
                        barriers to trade; and</DELETED>
                        <DELETED>    (V) restrictive rules in the 
                        administration of tariff rate quotas;</DELETED>
                <DELETED>    (ix) eliminating practices that adversely 
                affect trade in perishable or cyclical products, while 
                improving import relief mechanisms to recognize the 
                unique characteristics of perishable and cyclical 
                agriculture;</DELETED>
                <DELETED>    (x) ensuring that the use of import relief 
                mechanisms for perishable and cyclical agriculture are 
                as accessible and timely to growers in the United 
                States as those mechanisms that are used by other 
                countries;</DELETED>
                <DELETED>    (xi) taking into account whether a party 
                to the negotiations has failed to adhere to the 
                provisions of already existing trade agreements with 
                the United States or has circumvented obligations under 
                those agreements;</DELETED>
                <DELETED>    (xii) taking into account whether a 
                product is subject to market distortions by reason of a 
                failure of a major producing country to adhere to the 
                provisions of already existing trade agreements with 
                the United States or by the circumvention by that 
                country of its obligations under those 
                agreements;</DELETED>
                <DELETED>    (xiii) otherwise ensuring that countries 
                that accede to the World Trade Organization have made 
                meaningful market liberalization commitments in 
                agriculture;</DELETED>
                <DELETED>    (xiv) taking into account the impact that 
                agreements covering agriculture to which the United 
                States is a party, including the North American Free 
                Trade Agreement, have on the United States agricultural 
                industry; and</DELETED>
                <DELETED>    (xv) maintaining bona fide food assistance 
                programs and preserving United States market 
                development and export credit programs.</DELETED>
        <DELETED>    (B)(i) Before commencing negotiations with respect 
        to agriculture, the United States Trade Representative, in 
        consultation with the Congress, shall seek to develop a 
        position on the treatment of seasonal and perishable 
        agricultural products to be employed in the negotiations in 
        order to develop an international consensus on the treatment of 
        seasonal or perishable agricultural products in investigations 
        relating to dumping and safeguards and in any other relevant 
        area.</DELETED>
        <DELETED>    (ii) During any negotiations on agricultural 
        subsidies, the United States Trade Representative shall seek to 
        establish the common base year for calculating the Aggregated 
        Measurement of Support (as defined in the Agreement on 
        Agriculture) as the end of each country's Uruguay Round 
        implementation period, as reported in each country's Uruguay 
        Round market access schedule.</DELETED>
        <DELETED>    (iii) The negotiating objective provided in 
        subparagraph (A) applies with respect to agricultural matters 
        to be addressed in any trade agreement entered into under 
        section 3(a) or (b), including any trade agreement entered into 
        under section 3(a) or (b) that provides for accession to a 
        trade agreement to which the United States is already a party, 
        such as the North American Free Trade Agreement and the United 
        States-Canada Free Trade Agreement.</DELETED>
        <DELETED>    (11) Labor and the environment.--The principal 
        negotiating objectives of the United States with respect to 
        labor and the environment are--</DELETED>
                <DELETED>    (A) to ensure that a party to a trade 
                agreement with the United States does not fail to 
                effectively enforce its environmental or labor laws, 
                through a sustained or recurring course of action or 
                inaction, in a manner affecting trade between the 
                United States and that party after entry into force of 
                a trade agreement between those countries;</DELETED>
                <DELETED>    (B) to recognize that parties to a trade 
                agreement retain the right to exercise discretion with 
                respect to investigatory, prosecutorial, regulatory, 
                and compliance matters and to make decisions regarding 
                the allocation of resources to enforcement with respect 
                to other labor or environmental matters determined to 
                have higher priorities, and to recognize that a country 
                is effectively enforcing its laws if a course of action 
                or inaction reflects a reasonable exercise of such 
                discretion, or results from a bona fide decision 
                regarding the allocation of resources and no 
                retaliation may be authorized based on the exercise of 
                these rights or the right to establish domestic labor 
                standards and levels of environmental 
                protection;</DELETED>
                <DELETED>    (C) to strengthen the capacity of United 
                States trading partners to promote respect for core 
                labor standards (as defined in section 
                11(2));</DELETED>
                <DELETED>    (D) to strengthen the capacity of United 
                States trading partners to protect the environment 
                through the promotion of sustainable 
                development;</DELETED>
                <DELETED>    (E) to reduce or eliminate government 
                practices or policies that unduly threaten sustainable 
                development;</DELETED>
                <DELETED>    (F) to seek market access, through the 
                elimination of tariffs and nontariff barriers, for 
                United States environmental technologies, goods, and 
                services; and</DELETED>
                <DELETED>    (G) to ensure that labor, environmental, 
                health, or safety policies and practices of the parties 
                to trade agreements with the United States do not 
                arbitrarily or unjustifiably discriminate against 
                United States exports or serve as disguised barriers to 
                trade.</DELETED>
        <DELETED>    (12) Dispute settlement and enforcement.--The 
        principal negotiating objectives of the United States with 
        respect to dispute settlement and enforcement of trade 
        agreements are--</DELETED>
                <DELETED>    (A) to seek provisions in trade agreements 
                providing for resolution of disputes between 
                governments under those trade agreements in an 
                effective, timely, transparent, equitable, and reasoned 
                manner, requiring determinations based on facts and the 
                principles of the agreements, with the goal of 
                increasing compliance with the agreements;</DELETED>
                <DELETED>    (B) to seek to strengthen the capacity of 
                the Trade Policy Review Mechanism of the World Trade 
                Organization to review compliance with 
                commitments;</DELETED>
                <DELETED>    (C) to seek provisions encouraging the 
                early identification and settlement of disputes through 
                consultation;</DELETED>
                <DELETED>    (D) to seek provisions to encourage the 
                provision of trade-expanding compensation if a party to 
                a dispute under the agreement does not come into 
                compliance with its obligations under the 
                agreement;</DELETED>
                <DELETED>    (E) to seek provisions to impose a penalty 
                upon a party to a dispute under the agreement that--
                </DELETED>
                        <DELETED>    (i) encourages compliance with the 
                        obligations of the agreement;</DELETED>
                        <DELETED>    (ii) is appropriate to the 
                        parties, nature, subject matter, and scope of 
                        the violation; and</DELETED>
                        <DELETED>    (iii) has the aim of not adversely 
                        affecting parties or interests not party to the 
                        dispute while maintaining the effectiveness of 
                        the enforcement mechanism; and</DELETED>
                <DELETED>    (F) to seek provisions that treat United 
                States principal negotiating objectives equally with 
                respect to--</DELETED>
                        <DELETED>    (i) the ability to resort to 
                        dispute settlement under the applicable 
                        agreement;</DELETED>
                        <DELETED>    (ii) the availability of 
                        equivalent dispute settlement procedures; 
                        and</DELETED>
                        <DELETED>    (iii) the availability of 
                        equivalent remedies.</DELETED>
        <DELETED>    (13) WTO extended negotiations.--The principal 
        negotiating objectives of the United States regarding trade in 
        civil aircraft are those set forth in section 135(c) of the 
        Uruguay Round Agreements Act (19 U.S.C. 3355(c)) and regarding 
        rules of origin are the conclusion of an agreement described in 
        section 132 of that Act (19 U.S.C. 3552).</DELETED>
<DELETED>    (c) Promotion of Certain Priorities.--In order to address 
and maintain United States competitiveness in the global economy, the 
President shall--</DELETED>
        <DELETED>    (1) seek greater cooperation between the WTO and 
        the ILO;</DELETED>
        <DELETED>    (2) seek to establish consultative mechanisms 
        among parties to trade agreements to strengthen the capacity of 
        United States trading partners to promote respect for core 
        labor standards (as defined in section 11(2)), and report to 
        the Committee on Ways and Means of the House of Representatives 
        and the Committee on Finance of the Senate on the content and 
        operation of such mechanisms;</DELETED>
        <DELETED>    (3) seek to establish consultative mechanisms 
        among parties to trade agreements to strengthen the capacity of 
        United States trading partners to develop and implement 
        standards for the protection of the environment and human 
        health based on sound science, and report to the Committee on 
        Ways and Means of the House of Representatives and the 
        Committee on Finance of the Senate on the content and operation 
        of such mechanisms;</DELETED>
        <DELETED>    (4) conduct environmental reviews of future trade 
        and investment agreements, consistent with Executive Order 
        13141 of November 16, 1999 and its relevant guidelines, and 
        report to the Committee on Ways and Means of the House of 
        Representatives and the Committee on Finance of the Senate on 
        such reviews;</DELETED>
        <DELETED>    (5) review the impact of future trade agreements 
        on United States employment, modeled after Executive Order 
        13141, and report to the Committee on Ways and Means of the 
        House of Representatives and the Committee on Finance of the 
        Senate on such review;</DELETED>
        <DELETED>    (6) take into account other legitimate United 
        States domestic objectives including, but not limited to, the 
        protection of legitimate health or safety, essential security, 
        and consumer interests and the law and regulations related 
        thereto;</DELETED>
        <DELETED>    (7) have the Secretary of Labor consult with any 
        country seeking a trade agreement with the United States 
        concerning that country's labor laws and provide technical 
        assistance to that country if needed;</DELETED>
        <DELETED>    (8) with respect to any trade agreement which the 
        President seeks to implement under trade authorities 
        procedures, submit to the Congress a report describing the 
        extent to which the country or countries that are parties to 
        the agreement have in effect laws governing exploitative child 
        labor;</DELETED>
        <DELETED>    (9) preserve the ability of the United States to 
        enforce rigorously its trade laws, including the antidumping 
        and countervailing duty laws, and avoid agreements which lessen 
        the effectiveness of domestic and international disciplines on 
        unfair trade, especially dumping and subsidies, in order to 
        ensure that United States workers, agricultural producers, and 
        firms can compete fully on fair terms and enjoy the benefits of 
        reciprocal trade concessions;</DELETED>
        <DELETED>    (10) continue to promote consideration of 
        multilateral environmental agreements and consult with parties 
        to such agreements regarding the consistency of any such 
        agreement that includes trade measures with existing 
        environmental exceptions under Article XX of the GATT 
        1994;</DELETED>
        <DELETED>    (11) report to the Committee on Ways and Means of 
        the House of Representatives and the Committee on Finance of 
        the Senate, not later than 12 months after the imposition of a 
        penalty or remedy by the United States permitted by a trade 
        agreement to which this Act applies, on the effectiveness of 
        the penalty or remedy applied under United States law in 
        enforcing United States rights under the trade agreement; 
        and</DELETED>
        <DELETED>    (12) seek to establish consultative mechanisms 
        among parties to trade agreements to examine the trade 
        consequences of significant and unanticipated currency 
        movements and to scrutinize whether a foreign government 
        engaged in a pattern of manipulating its currency to promote a 
        competitive advantage in international trade.</DELETED>
<DELETED>The report under paragraph (11) shall address whether the 
penalty or remedy was effective in changing the behavior of the 
targeted party and whether the penalty or remedy had any adverse impact 
on parties or interests not party to the dispute.</DELETED>
<DELETED>    (d) Consultations.--</DELETED>
        <DELETED>    (1) Consultations with congressional advisers.--In 
        the course of negotiations conducted under this Act, the United 
        States Trade Representative shall consult closely and on a 
        timely basis with, and keep fully apprised of the negotiations, 
        the Congressional Oversight Group convened under section 7 and 
        all committees of the House of Representatives and the Senate 
        with jurisdiction over laws that would be affected by a trade 
        agreement resulting from the negotiations.</DELETED>
        <DELETED>    (2) Consultation before agreement initialed.--In 
        the course of negotiations conducted under this Act, the United 
        States Trade Representative shall--</DELETED>
                <DELETED>    (A) consult closely and on a timely basis 
                (including immediately before initialing an agreement) 
                with, and keep fully apprised of the negotiations, the 
                congressional advisers for trade policy and 
                negotiations appointed under section 161 of the Trade 
                Act of 1974 (19 U.S.C. 2211), the Committee on Ways and 
                Means of the House of Representatives, the Committee on 
                Finance of the Senate, and the Congressional Oversight 
                Group convened under section 7; and</DELETED>
                <DELETED>    (B) with regard to any negotiations and 
                agreement relating to agricultural trade, also consult 
                closely and on a timely basis (including immediately 
                before initialing an agreement) with, and keep fully 
                apprised of the negotiations, the Committee on 
                Agriculture of the House of Representatives and the 
                Committee on Agriculture, Nutrition, and Forestry of 
                the Senate.</DELETED>
<DELETED>    (e) Adherence to Obligations Under Uruguay Round 
Agreements.--In determining whether to enter into negotiations with a 
particular country, the President shall take into account the extent to 
which that country has implemented, or has accelerated the 
implementation of, its obligations under the Uruguay Round 
Agreements.</DELETED>

<DELETED>SEC. 3. TRADE AGREEMENTS AUTHORITY.</DELETED>

<DELETED>    (a) Agreements Regarding Tariff Barriers.--</DELETED>
        <DELETED>    (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, priorities, and 
        objectives of this Act will be promoted thereby, the 
        President--</DELETED>
                <DELETED>    (A) may enter into trade agreements with 
                foreign countries before--</DELETED>
                        <DELETED>    (i) June 1, 2005; or</DELETED>
                        <DELETED>    (ii) June 1, 2007, if trade 
                        authorities procedures are extended under 
                        subsection (c); and</DELETED>
                <DELETED>    (B) may, subject to paragraphs (2) and 
                (3), proclaim--</DELETED>
                        <DELETED>    (i) such modification or 
                        continuance of any existing duty,</DELETED>
                        <DELETED>    (ii) such continuance of existing 
                        duty-free or excise treatment, or</DELETED>
                        <DELETED>    (iii) such additional 
                        duties,</DELETED>
                <DELETED>as the President determines to be required or 
                appropriate to carry out any such trade 
                agreement.</DELETED>
        <DELETED>The President shall notify the Congress of the 
        President's intention to enter into an agreement under this 
        subsection.</DELETED>
        <DELETED>    (2) Limitations.--No proclamation may be made 
        under paragraph (1) that--</DELETED>
                <DELETED>    (A) reduces any rate of duty (other than a 
                rate of duty that does not exceed 5 percent ad valorem 
                on the date of the enactment of this Act) to a rate of 
                duty which is less than 50 percent of the rate of such 
                duty that applies on such date of enactment;</DELETED>
                <DELETED>    (B) notwithstanding paragraph (6), reduces 
                the rate of duty below that applicable under the 
                Uruguay Round Agreements, on any agricultural product 
                which was the subject of tariff reductions by the 
                United States as a result of the Uruguay Round 
                Agreements, for which the rate of duty, pursuant to 
                such Agreements, was reduced on January 1, 1995, to a 
                rate which was not less than 97.5 percent of the rate 
                of duty that applied to such article on December 31, 
                1994; or</DELETED>
                <DELETED>    (C) increases any rate of duty above the 
                rate that applied on the date of the enactment of this 
                Act.</DELETED>
        <DELETED>    (3) Aggregate reduction; exemption from staging.--
        </DELETED>
                <DELETED>    (A) Aggregate reduction.--Except as 
                provided in subparagraph (B), the aggregate reduction 
                in the rate of duty on any article which is in effect 
                on any day pursuant to a trade agreement entered into 
                under paragraph (1) shall not exceed the aggregate 
                reduction which would have been in effect on such day 
                if--</DELETED>
                        <DELETED>    (i) a reduction of 3 percent ad 
                        valorem or a reduction of one-tenth of the 
                        total reduction, whichever is greater, had 
                        taken effect on the effective date of the first 
                        reduction proclaimed under paragraph (1) to 
                        carry out such agreement with respect to such 
                        article; and</DELETED>
                        <DELETED>    (ii) a reduction equal to the 
                        amount applicable under clause (i) had taken 
                        effect at 1-year intervals after the effective 
                        date of such first reduction.</DELETED>
                <DELETED>    (B) Exemption from staging.--No staging is 
                required under subparagraph (A) with respect to a duty 
                reduction that is proclaimed under paragraph (1) for an 
                article of a kind that is not produced in the United 
                States. The United States International Trade 
                Commission shall advise the President of the identity 
                of articles that may be exempted from staging under 
                this subparagraph.</DELETED>
        <DELETED>    (4) Rounding.--If the President determines that 
        such action will simplify the computation of reductions under 
        paragraph (3), the President may round an annual reduction by 
        an amount equal to the lesser of--</DELETED>
                <DELETED>    (A) the difference between the reduction 
                without regard to this paragraph and the next lower 
                whole number; or</DELETED>
                <DELETED>    (B) one-half of 1 percent ad 
                valorem.</DELETED>
        <DELETED>    (5) Other limitations.--A rate of duty reduction 
        that may not be proclaimed by reason of paragraph (2) may take 
        effect only if a provision authorizing such reduction is 
        included within an implementing bill provided for under section 
        5 and that bill is enacted into law.</DELETED>
        <DELETED>    (6) Other tariff modifications.--Notwithstanding 
        paragraphs (1)(B), (2)(A), (2)(C), and (3) through (5), and 
        subject to the consultation and layover requirements of section 
        115 of the Uruguay Round Agreements Act, the President may 
        proclaim the modification of any duty or staged rate reduction 
        of any duty set forth in Schedule XX, as defined in section 
        2(5) of that Act, if the United States agrees to such 
        modification or staged rate reduction in a negotiation for the 
        reciprocal elimination or harmonization of duties under the 
        auspices of the World Trade Organization.</DELETED>
        <DELETED>    (7) Authority under uruguay round agreements act 
        not affected.--Nothing in this subsection shall limit the 
        authority provided to the President under section 111(b) of the 
        Uruguay Round Agreements Act (19 U.S.C. 3521(b)).</DELETED>
<DELETED>    (b) Agreements Regarding Tariff and Nontariff Barriers.--
</DELETED>
        <DELETED>    (1) In general.--(A) Whenever the President 
        determines that--</DELETED>
                <DELETED>    (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</DELETED>
                <DELETED>    (ii) the imposition of any such barrier or 
                distortion is likely to result in such a burden, 
                restriction, or effect;</DELETED>
        <DELETED>and that the purposes, policies, priorities, and 
        objectives of this Act will be promoted thereby, the President 
        may enter into a trade agreement described in subparagraph (B) 
        during the period described in subparagraph (C).</DELETED>
        <DELETED>    (B) The President may enter into a trade agreement 
        under subparagraph (A) with foreign countries providing for--
        </DELETED>
                <DELETED>    (i) the reduction or elimination of a 
                duty, restriction, barrier, or other distortion 
                described in subparagraph (A), or</DELETED>
                <DELETED>    (ii) the prohibition of, or limitation on 
                the imposition of, such barrier or other 
                distortion.</DELETED>
        <DELETED>    (C) The President may enter into a trade agreement 
        under this paragraph before--</DELETED>
                <DELETED>    (i) June 1, 2005; or</DELETED>
                <DELETED>    (ii) June 1, 2007, if trade authorities 
                procedures are extended under subsection (c).</DELETED>
        <DELETED>    (2) Conditions.--A trade agreement may be entered 
        into under this subsection only if such agreement makes 
        progress in meeting the applicable objectives described in 
        section 2(a) and (b) and the President satisfies the conditions 
        set forth in section 4.</DELETED>
        <DELETED>    (3) Bills qualifying for trade authorities 
        procedures.--(A) The provisions of section 151 of the Trade Act 
        of 1974 (in this Act referred to as ``trade authorities 
        procedures'') apply to a bill of either House of Congress which 
        contains provisions described in subparagraph (B) to the same 
        extent as such section 151 applies to implementing bills under 
        that section. A bill to which this paragraph applies shall 
        hereafter in this Act be referred to as an ``implementing 
        bill''.</DELETED>
        <DELETED>    (B) The provisions referred to in subparagraph (A) 
        are--</DELETED>
                <DELETED>    (i) a provision approving a trade 
                agreement entered into under this subsection and 
                approving the statement of administrative action, if 
                any, proposed to implement such trade agreement; 
                and</DELETED>
                <DELETED>    (ii) if changes in existing laws or new 
                statutory authority are required to implement such 
                trade agreement or agreements, provisions, necessary or 
                appropriate to implement such trade agreement or 
                agreements, either repealing or amending existing laws 
                or providing new statutory authority.</DELETED>
<DELETED>    (c) Extension Disapproval Process for Congressional Trade 
Authorities Procedures.--</DELETED>
        <DELETED>    (1) In general.--Except as provided in section 
        5(b)--</DELETED>
                <DELETED>    (A) the trade authorities procedures apply 
                to implementing bills submitted with respect to trade 
                agreements entered into under subsection (b) before 
                July 1, 2005; and</DELETED>
                <DELETED>    (B) the trade authorities procedures shall 
                be extended to implementing bills submitted with 
                respect to trade agreements entered into under 
                subsection (b) after June 30, 2005, and before July 1, 
                2007, if (and only if)--</DELETED>
                        <DELETED>    (i) the President requests such 
                        extension under paragraph (2); and</DELETED>
                        <DELETED>    (ii) neither House of the Congress 
                        adopts an extension disapproval resolution 
                        under paragraph (5) before June 1, 
                        2005.</DELETED>
        <DELETED>    (2) Report to congress by the president.--If the 
        President is of the opinion that the trade authorities 
        procedures should be extended to implementing bills described 
        in paragraph (1)(B), the President shall submit to the 
        Congress, not later than March 1, 2005, a written report that 
        contains a request for such extension, together with--
        </DELETED>
                <DELETED>    (A) a description of all trade agreements 
                that have been negotiated under subsection (b) and the 
                anticipated schedule for submitting such agreements to 
                the Congress for approval;</DELETED>
                <DELETED>    (B) a description of the progress that has 
                been made in negotiations to achieve the purposes, 
                policies, priorities, and objectives of this Act, and a 
                statement that such progress justifies the continuation 
                of negotiations; and</DELETED>
                <DELETED>    (C) a statement of the reasons why the 
                extension is needed to complete the 
                negotiations.</DELETED>
        <DELETED>    (3) Report to congress by the advisory 
        committee.--The President shall promptly inform the Advisory 
        Committee for Trade Policy and Negotiations established under 
        section 135 of the Trade Act of 1974 (19 U.S.C. 2155) of the 
        President's decision to submit a report to the Congress under 
        paragraph (2). The Advisory Committee shall submit to the 
        Congress as soon as practicable, but not later than May 1, 
        2005, a written report that contains--</DELETED>
                <DELETED>    (A) its views regarding the progress that 
                has been made in negotiations to achieve the  purposes, 
policies, priorities, and objectives of this Act; and</DELETED>
                <DELETED>    (B) a statement of its views, and the 
                reasons therefor, regarding whether the extension 
                requested under paragraph (2) should be approved or 
                disapproved.</DELETED>
        <DELETED>    (4) Status of reports.--The reports submitted to 
        the Congress under paragraphs (2) and (3), or any portion of 
        such reports, may be classified to the extent the President 
        determines appropriate.</DELETED>
        <DELETED>    (5) Extension disapproval resolutions.--(A) For 
        purposes of paragraph (1), the term ``extension disapproval 
        resolution'' means a resolution of either House of the 
        Congress, the sole matter after the resolving clause of which 
        is as follows: ``That the </DELETED>____ <DELETED>disapproves 
        the request of the President for the extension, under section 
        3(c)(1)(B)(i) of the Bipartisan Trade Promotion Authority Act 
        of 2001, of the trade authorities procedures under that Act to 
        any implementing bill submitted with respect to any trade 
        agreement entered into under section 3(b) of that Act after 
        June 30, 2005.'', with the blank space being filled with the 
        name of the resolving House of the Congress.</DELETED>
        <DELETED>    (B) Extension disapproval resolutions--</DELETED>
                <DELETED>    (i) may be introduced in either House of 
                the Congress by any member of such House; and</DELETED>
                <DELETED>    (ii) shall be referred, in the House of 
                Representatives, to the Committee on Ways and Means 
                and, in addition, to the Committee on Rules.</DELETED>
        <DELETED>    (C) The provisions of section 152(d) and (e) of 
        the Trade Act of 1974 (19 U.S.C. 2192(d) and (e)) (relating to 
        the floor consideration of certain resolutions in the House and 
        Senate) apply to extension disapproval resolutions.</DELETED>
        <DELETED>    (D) It is not in order for--</DELETED>
                <DELETED>    (i) the Senate to consider any extension 
                disapproval resolution not reported by the Committee on 
                Finance;</DELETED>
                <DELETED>    (ii) the House of Representatives to 
                consider any extension disapproval resolution not 
                reported by the Committee on Ways and Means and, in 
                addition, by the Committee on Rules; or</DELETED>
                <DELETED>    (iii) either House of the Congress to 
                consider an extension disapproval resolution after June 
                30, 2005.</DELETED>
<DELETED>    (d) Commencement of Negotiations.--In order to contribute 
to the continued economic expansion of the United States, the President 
shall commence negotiations covering tariff and nontariff barriers 
affecting any industry, product, or service sector, and expand existing 
sectoral agreements to countries that are not parties to those 
agreements, in cases where the President determines that such 
negotiations are feasible and timely and would benefit the United 
States. Such sectors include agriculture, commercial services, 
intellectual property rights, industrial and capital goods, government 
procurement, information technology products, environmental technology 
and services, medical equipment and services, civil aircraft, and 
infrastructure products. In so doing, the President shall take into 
account all of the principal negotiating objectives set forth in 
section 2(b).</DELETED>

<DELETED>SEC. 4. CONSULTATIONS AND ASSESSMENT.</DELETED>

<DELETED>    (a) Notice and Consultation Before Negotiation.--The 
President, with respect to any agreement that is subject to the 
provisions of section 3(b), shall--</DELETED>
        <DELETED>    (1) provide, at least 90 calendar days before 
        initiating negotiations, written notice to the Congress of the 
        President's intention to enter into the negotiations and set 
        forth therein the date the President intends to initiate such 
        negotiations, the specific United States objectives for the 
        negotiations, and whether the President intends to seek an 
        agreement, or changes to an existing agreement;</DELETED>
        <DELETED>    (2) before and after submission of the notice, 
        consult regarding the negotiations with the Committee on 
        Finance of the Senate and the Committee on Ways and Means of 
        the House of Representatives, such other committees of the 
        House and Senate as the President deems appropriate, and the 
        Congressional Oversight group convened under section 7; 
        and</DELETED>
        <DELETED>    (3) upon the request of a majority of the members 
        of the Congressional Oversight Group under section 7(c), meet 
        with the Congressional Oversight Group before initiating the 
        negotiations or at any other time concerning the 
        negotiations.</DELETED>
<DELETED>    (b) Negotiations Regarding Agriculture.--</DELETED>
        <DELETED>    (1) In general.--Before initiating or continuing 
        negotiations the subject matter of which is directly related to 
        the subject matter under section 2(b)(10)(A)(i) with any 
        country, the President shall assess whether United States 
        tariffs on agricultural products that were bound under the 
        Uruguay Round Agreements are lower than the tariffs bound by 
        that country. In addition, the President shall consider whether 
        the tariff levels bound and applied throughout the world with 
        respect to imports from the United States are higher than 
        United States tariffs and whether the negotiation provides an 
        opportunity to address any such disparity. The President shall 
        consult with the Committee on Ways and Means and the Committee 
        on Agriculture of the House of Representatives and the 
        Committee on Finance and the Committee on Agriculture, 
        Nutrition, and Forestry of the Senate concerning the results of 
        the assessment, whether it is appropriate for the United States 
        to agree to further tariff reductions based on the conclusions 
        reached in the assessment, and how all applicable negotiating 
        objectives will be met.</DELETED>
        <DELETED>    (2) Special consultations on import sensitive 
        products.--(A) Before initiating negotiations with regard to 
        agriculture, and, with respect to the Free Trade Area for the 
        Americas and negotiations with regard to agriculture under the 
        auspices of the World Trade Organization, as soon as 
        practicable after the enactment of this Act, the United States 
        Trade Representative shall--</DELETED>
                <DELETED>    (i) identify those agricultural products 
                subject to tariff reductions by the United States as a 
                result of the Uruguay Round Agreements, for which the 
                rate of duty was reduced on January 1, 1995, to a rate 
                which was not less than 97.5 percent of the rate of 
                duty that applied to such article on December 31, 
                1994;</DELETED>
                <DELETED>    (ii) consult with the Committee on Ways 
                and Means and the Committee on Agriculture of the House 
                of Representatives and the Committee on Finance and the 
                Committee on Agriculture, Nutrition, and Forestry of 
                the Senate concerning--</DELETED>
                        <DELETED>    (I) whether any further tariff 
                        reductions on the products identified under 
                        clause (i) should be appropriate, taking into 
                        account the impact of any such tariff reduction 
                        on the United States industry producing the 
                        product concerned; and</DELETED>
                        <DELETED>    (II) whether the products so 
                        identified face unjustified sanitary or 
                        phytosanitary restrictions, including those not 
                        based on scientific principles in contravention 
                        of the Uruguay Round Agreements;</DELETED>
                <DELETED>    (iii) request that the International Trade 
                Commission prepare an assessment of the probable 
                economic effects of any such tariff reduction on the 
                United States industry producing the product concerned 
                and on the United States economy as a whole; 
                and</DELETED>
                <DELETED>    (iv) upon complying with clauses (i), 
                (ii), and (iii), notify the Committee on Ways and Means 
                and the Committee on Agriculture of the House of 
                Representatives and the Committee on Finance and the 
                Committee on Agriculture, Nutrition, and Forestry of 
                the Senate of those products identified under clause 
                (i) for which the Trade Representative intends to seek 
                tariff liberalization in the negotiations and the 
                reasons for seeking such tariff 
                liberalization.</DELETED>
        <DELETED>    (B) If, after negotiations described in 
        subparagraph (A) are commenced--</DELETED>
                <DELETED>    (i) the United States Trade Representative 
                identifies any additional agricultural product 
                described in subparagraph (A)(i) for tariff reductions 
                which were not the subject of a notification under 
                subparagraph (A)(iv), or</DELETED>
                <DELETED>    (ii) any additional agricultural product 
                described in subparagraph (A)(i) is the subject of a 
                request for tariff reductions by a party to the 
                negotiations,</DELETED>
        <DELETED>the Trade Representative shall, as soon as 
        practicable, notify the committees referred to in subparagraph 
        (A)(iv) of those products and the reasons for seeking such 
        tariff reductions.</DELETED>
<DELETED>    (c) Negotiations Regarding Textiles.--Before initiating or 
continuing negotiations the subject matter of which is directly related 
to textiles and apparel products with any country, the President shall 
assess whether United States tariffs on textile and apparel products 
that were bound under the Uruguay Round Agreements are lower than the 
tariffs bound by that country and whether the negotiation provides an 
opportunity to address any such disparity. The President shall consult 
with the Committee on Ways and Means of the House of Representatives 
and the Committee on Finance of the Senate concerning the results of 
the assessment, whether it is appropriate for the United States to 
agree to further tariff reductions based on the conclusions reached in 
the assessment, and how all applicable negotiating objectives will be 
met.</DELETED>
<DELETED>    (d) Consultation With Congress Before Agreements Entered 
Into.--</DELETED>
        <DELETED>    (1) Consultation.--Before entering into any trade 
        agreement under section 3(b), the President shall consult 
        with--</DELETED>
                <DELETED>    (A) the Committee on Ways and Means of the 
                House of Representatives and the Committee on Finance 
                of the Senate;</DELETED>
                <DELETED>    (B) each other committee of the House and 
                the Senate, and each joint committee of the Congress, 
                which has jurisdiction over legislation involving 
                subject matters which would be affected by the trade 
                agreement; and</DELETED>
                <DELETED>    (C) the Congressional Oversight Group 
                convened under section 7.</DELETED>
        <DELETED>    (2) Scope.--The consultation described in 
        paragraph (1) shall include consultation with respect to--
        </DELETED>
                <DELETED>    (A) the nature of the agreement;</DELETED>
                <DELETED>    (B) how and to what extent the agreement 
                will achieve the applicable purposes, policies, 
                priorities, and objectives of this Act; and</DELETED>
                <DELETED>    (C) the implementation of the agreement 
                under section 5, including the general effect of the 
                agreement on existing laws.</DELETED>
<DELETED>    (e) Advisory Committee Reports.--The report required under 
section 135(e)(1) of the Trade Act of 1974 regarding any trade 
agreement entered into under section 3(a) or (b) of this Act 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 3(a)(1) or 5(a)(1)(A) of 
the President's intention to enter into the agreement.</DELETED>
<DELETED>    (f) ITC Assessment.--</DELETED>
        <DELETED>    (1) In general.--The President, at least 90 
        calendar days before the day on which the President enters into 
        a trade agreement under section 3(b), shall provide the 
        International Trade Commission (referred to in this subsection 
        as ``the Commission'') with the details of the agreement as it 
        exists at that time and request the Commission to prepare and 
        submit an assessment of the agreement as described in paragraph 
        (2). Between the time the President makes the request under 
        this paragraph and the time the Commission submits the 
        assessment, the President shall keep the Commission current 
        with respect to the details of the agreement.</DELETED>
        <DELETED>    (2) ITC assessment.--Not later than 90 calendar 
        days after the President enters into the agreement, the 
        Commission shall submit to the President and the Congress a 
        report assessing the likely impact of the agreement on the 
        United States economy as a whole and on specific industry 
        sectors, including the impact the agreement will have on the 
        gross domestic product, exports and imports, aggregate 
        employment and employment opportunities, the production, 
        employment, and competitive position of industries likely to be 
        significantly affected by the agreement, and the interests of 
        United States consumers.</DELETED>
        <DELETED>    (3) Review of empirical literature.--In preparing 
        the assessment, the Commission shall review available economic 
        assessments regarding the agreement, including literature 
        regarding any substantially equivalent proposed agreement, and 
        shall provide in its assessment a description of the analyses 
        used and conclusions drawn in such literature, and a discussion 
        of areas of consensus and divergence between the various 
        analyses and conclusions, including those of the Commission 
        regarding the agreement.</DELETED>

<DELETED>SEC. 5. IMPLEMENTATION OF TRADE AGREEMENTS.</DELETED>

<DELETED>    (a) In General.--</DELETED>
        <DELETED>    (1) Notification and submission.--Any agreement 
        entered into under section 3(b) shall enter into force with 
        respect to the United States if (and only if)--</DELETED>
                <DELETED>    (A) the President, at least 90 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;</DELETED>
                <DELETED>    (B) within 60 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;</DELETED>
                <DELETED>    (C) after entering into the agreement, the 
                President submits to the Congress, on a day on which 
                both Houses of Congress are in session, a copy of the 
                final legal text of the agreement, together with--
                </DELETED>
                        <DELETED>    (i) a draft of an implementing 
                        bill described in section 3(b)(3);</DELETED>
                        <DELETED>    (ii) a statement of any 
                        administrative action proposed to implement the 
                        trade agreement; and</DELETED>
                        <DELETED>    (iii) the supporting information 
                        described in paragraph (2); and</DELETED>
                <DELETED>    (D) the implementing bill is enacted into 
                law.</DELETED>
        <DELETED>    (2) Supporting information.--The supporting 
        information required under paragraph (1)(C)(iii) consists of--
        </DELETED>
                <DELETED>    (A) an explanation as to how the 
                implementing bill and proposed administrative action 
                will change or affect existing law; and</DELETED>
                <DELETED>    (B) a statement--</DELETED>
                        <DELETED>    (i) asserting that the agreement 
                        makes progress in achieving the applicable 
                        purposes, policies, priorities, and objectives 
                        of this Act; and</DELETED>
                        <DELETED>    (ii) setting forth the reasons of 
                        the President regarding--</DELETED>
                                <DELETED>    (I) how and to what extent 
                                the agreement makes progress in 
                                achieving the applicable purposes, 
                                policies, and objectives referred to in 
                                clause (i);</DELETED>
                                <DELETED>    (II) whether and how the 
                                agreement changes provisions of an 
                                agreement previously 
                                negotiated;</DELETED>
                                <DELETED>    (III) how the agreement 
                                serves the interests of United States 
                                commerce;</DELETED>
                                <DELETED>    (IV) how the implementing 
                                bill meets the standards set forth in 
                                section 3(b)(3); and</DELETED>
                                <DELETED>    (V) how and to what extent 
                                the agreement makes progress in 
                                achieving the applicable purposes, 
                                policies, and objectives referred to in 
                                section 2(c) regarding the promotion of 
                                certain priorities.</DELETED>
        <DELETED>    (3) Reciprocal benefits.--In order to ensure that 
        a foreign country that is not a party to a trade agreement 
        entered into under section 3(b) does not receive benefits under 
        the agreement unless the country is also subject to the 
        obligations under the agreement, the implementing bill 
        submitted with respect to the agreement shall provide that the 
        benefits and obligations under the agreement apply only to the 
        parties to the agreement, if such application is consistent 
        with the terms of the agreement. The implementing bill may also 
        provide that the benefits and obligations under the agreement 
        do not apply uniformly to all parties to the agreement, if such 
        application is consistent with the terms of the 
        agreement.</DELETED>
<DELETED>    (b) Limitations on Trade Authorities Procedures.--
</DELETED>
        <DELETED>    (1) For lack of notice or consultations.--
        </DELETED>
                <DELETED>    (A) In general.--The trade authorities 
                procedures shall not apply to any implementing bill 
                submitted with respect to a trade agreement or trade 
                agreements entered into under section 3(b) if during 
                the 60-day period beginning on the date that one House 
                of Congress agrees to a procedural disapproval 
                resolution for lack of notice or consultations with 
                respect to such trade agreement or agreements, the 
                other House separately agrees to a procedural 
                disapproval resolution with respect to such trade 
                agreement or agreements.</DELETED>
                <DELETED>    (B) Procedural disapproval resolution.--
                (i) For purposes of this paragraph, the term 
                ``procedural disapproval resolution'' means a 
                resolution of either House of Congress, the sole matter 
                after the resolving clause of which is as follows: 
                ``That the President has failed or refused to notify or 
                consult in accordance with the Bipartisan Trade 
                Promotion Authority Act of 2001 on negotiations with 
                respect to </DELETED>____________ <DELETED>and, 
                therefore, the trade authorities procedures under that 
                Act shall not apply to any implementing bill submitted 
                with respect to such trade agreement or agreements.'', 
                with the blank space being filled with a description of 
                the trade agreement or agreements with respect to which 
                the President is considered to have failed or refused 
                to notify or consult.</DELETED>
                <DELETED>    (ii) For purposes of clause (i), the 
                President has ``failed or refused to notify or consult 
                in accordance with the Bipartisan Trade Promotion 
                Authority Act of 2001'' on negotiations with respect to 
                a trade agreement or trade agreements if--</DELETED>
                        <DELETED>    (I) the President has failed or 
                        refused to consult (as the case may be) in 
                        accordance with section 4 or 5 with respect to 
                        the negotiations, agreement, or 
                        agreements;</DELETED>
                        <DELETED>    (II) guidelines under section 7(b) 
                        have not been developed or met with respect to 
                        the negotiations, agreement, or 
                        agreements;</DELETED>
                        <DELETED>    (III) the President has not met 
                        with the Congressional Oversight Group pursuant 
                        to a request made under section 7(c) with 
                        respect to the negotiations, agreement, or 
                        agreements; or</DELETED>
                        <DELETED>    (IV) the agreement or agreements 
                        fail to make progress in achieving the 
                        purposes, policies, priorities, and objectives 
                        of this Act.</DELETED>
        <DELETED>    (2) Procedures for considering resolutions.--(A) 
        Procedural disapproval resolutions--</DELETED>
                <DELETED>    (i) in the House of Representatives--
                </DELETED>
                        <DELETED>    (I) may be introduced by any 
                        Member of the House;</DELETED>
                        <DELETED>    (II) shall be referred to the 
                        Committee on Ways and Means and, in addition, 
                        to the Committee on Rules; and</DELETED>
                        <DELETED>    (III) may not be amended by either 
                        Committee; and</DELETED>
                <DELETED>    (ii) in the Senate may be introduced by 
                any Member of the Senate.</DELETED>
        <DELETED>    (B) The provisions of section 152(d) and (e) of 
        the Trade Act of 1974 (19 U.S.C. 2192(d) and (e)) (relating to 
        the floor consideration of certain resolutions in the House and 
        Senate) apply to a procedural disapproval resolution introduced 
        with respect to a trade agreement if no other procedural 
        disapproval resolution with respect to that trade agreement has 
        previously been considered under such provisions of section 152 
        of the Trade Act of 1974 in that House of Congress during that 
        Congress.</DELETED>
        <DELETED>    (C) It is not in order for the House of 
        Representatives to consider any procedural disapproval 
        resolution not reported by the Committee on Ways and Means and, 
        in addition, by the Committee on Rules.</DELETED>
<DELETED>    (c) Rules of House of Representatives and Senate.--
Subsection (b) of this section and section 3(c) are enacted by the 
Congress--</DELETED>
        <DELETED>    (1) as an exercise of the rulemaking power of the 
        House of Representatives and the Senate, respectively, and as 
        such are deemed a part of the rules of each House, 
        respectively, and such procedures supersede other rules only to 
        the extent that they are inconsistent with such other rules; 
        and</DELETED>
        <DELETED>    (2) with the full recognition of the 
        constitutional right of either House to change the rules (so 
        far as relating to the procedures of that House) at any time, 
        in the same manner, and to the same extent as any other rule of 
        that House.</DELETED>

<DELETED>SEC. 6. TREATMENT OF CERTAIN TRADE AGREEMENTS FOR WHICH 
              NEGOTIATIONS HAVE ALREADY BEGUN.</DELETED>

<DELETED>    (a) Certain Agreements.--Notwithstanding section 3(b)(2), 
if an agreement to which section 3(b) applies--</DELETED>
        <DELETED>    (1) is entered into under the auspices of the 
        World Trade Organization,</DELETED>
        <DELETED>    (2) is entered into with Chile,</DELETED>
        <DELETED>    (3) is entered into with Singapore, or</DELETED>
        <DELETED>    (4) establishes a Free Trade Area for the 
        Americas,</DELETED>
<DELETED>and results from negotiations that were commenced before the 
date of the enactment of this Act, subsection (b) shall 
apply.</DELETED>
<DELETED>    (b) Treatment of Agreements.--In the case of any agreement 
to which subsection (a) applies--</DELETED>
        <DELETED>    (1) the applicability of the trade authorities 
        procedures to implementing bills shall be determined without 
        regard to the requirements of section 4(a) (relating only to 90 
        days notice prior to initiating negotiations), and any 
        procedural disapproval resolution under section 5(b)(1)(B) 
        shall not be in order on the basis of a failure or refusal to 
        comply with the provisions of section 4(a); and</DELETED>
        <DELETED>    (2) the President shall, as soon as feasible after 
        the enactment of this Act--</DELETED>
                <DELETED>    (A) notify the Congress of the 
                negotiations described in subsection (a), the specific 
                United States objectives in the negotiations, and 
                whether the President is seeking a new agreement or 
                changes to an existing agreement; and</DELETED>
                <DELETED>    (B) before and after submission of the 
                notice, consult regarding the negotiations with the 
                committees referred to in section 4(a)(2) and the 
                Congressional Oversight Group.</DELETED>

<DELETED>SEC. 7. CONGRESSIONAL OVERSIGHT GROUP.</DELETED>

<DELETED>    (a) Members and Functions.--</DELETED>
        <DELETED>    (1) In general.--By not later than 60 days after 
        the date of the enactment of this Act, and not later than 30 
        days after the convening of each Congress, the chairman of the 
        Committee on Ways and Means of the House of Representatives and 
        the chairman of the Committee on Finance of the Senate shall 
        convene the Congressional Oversight Group.</DELETED>
        <DELETED>    (2) Membership from the house.--In each Congress, 
        the Congressional Oversight Group shall be comprised of the 
        following Members of the House of Representatives:</DELETED>
                <DELETED>    (A) The chairman and ranking member of the 
                Committee on Ways and Means, and 3 additional members 
                of such Committee (not more than 2 of whom are members 
                of the same political party).</DELETED>
                <DELETED>    (B) The chairman and ranking member, or 
                their designees, of the committees of the House of 
                Representatives which would have, under the Rules of 
                the House of Representatives, jurisdiction over 
                provisions of law affected by a trade agreement 
                negotiations for which are conducted at any time during 
                that Congress and to which this Act would 
                apply.</DELETED>
        <DELETED>    (3) Membership from the senate.--In each Congress, 
        the Congressional Oversight Group shall also be comprised of 
        the following members of the Senate:</DELETED>
                <DELETED>    (A) The chairman and ranking Member of the 
                Committee on Finance and 3 additional members of such 
                Committee (not more than 2 of whom are members of the 
                same political party).</DELETED>
                <DELETED>    (B) The chairman and ranking member, or 
                their designees, of the committees of the Senate which 
                would have, under the Rules of the Senate, jurisdiction 
                over provisions of law affected by a trade agreement 
                negotiations for which are conducted at any time during 
                that Congress and to which this Act would 
                apply.</DELETED>
        <DELETED>    (4) Accreditation.--Each member of the 
        Congressional Oversight Group described in paragraph (2)(A) and 
        (3)(A) shall be accredited by the United States Trade 
        Representative on behalf of the President as official advisers 
        to the United States delegation in negotiations for any trade 
        agreement to which this Act applies. Each member of the 
        Congressional Oversight Group described in paragraph (2)(B) and 
        (3)(B) shall be accredited by the United States Trade 
        Representative on behalf of the President as official advisers 
        to the United States delegation in the negotiations by reason 
        of which the member is in the Congressional Oversight Group. 
        The Congressional Oversight Group shall consult with and 
        provide advice to the Trade Representative regarding the 
        formulation of specific objectives, negotiating strategies and 
        positions, the development of the applicable trade agreement, 
        and compliance and enforcement of the negotiated commitments 
        under the trade agreement.</DELETED>
        <DELETED>    (5) Chair.--The Congressional Oversight Group 
        shall be chaired by the Chairman of the Committee on Ways and 
        Means of the House of Representatives and the Chairman of the 
        Committee on Finance of the Senate.</DELETED>
<DELETED>    (b) Guidelines.--</DELETED>
        <DELETED>    (1) Purpose and revision.--The United States Trade 
        Representative, in consultation with the chairmen and ranking 
        minority members of the Committee on Ways and Means of the 
        House of Representatives and the Committee on Finance of the 
        Senate--</DELETED>
                <DELETED>    (A) shall, within 120 days after the date 
                of the enactment of this Act, develop written 
                guidelines to facilitate the useful and timely exchange 
                of information between the Trade Representative and the 
                Congressional Oversight Group established under this 
                section; and</DELETED>
                <DELETED>    (B) may make such revisions to the 
                guidelines as may be necessary from time to 
                time.</DELETED>
        <DELETED>    (2) Content.--The guidelines developed under 
        paragraph (1) shall provide for, among other things--</DELETED>
                <DELETED>    (A) regular, detailed briefings of the 
                Congressional Oversight Group regarding negotiating 
                objectives, including the promotion of certain 
                priorities referred to in section 2(c), and positions 
                and the status of the applicable negotiations, 
                beginning as soon as practicable after the 
                Congressional Oversight Group is convened, with more 
                frequent briefings as trade negotiations enter the 
                final stage;</DELETED>
                <DELETED>    (B) access by members of the Congressional 
                Oversight Group, and staff with proper security 
                clearances, to pertinent documents relating to the 
                negotiations, including classified materials;</DELETED>
                <DELETED>    (C) the closest practicable coordination 
                between the Trade Representative and the Congressional 
                Oversight Group at all critical periods during the 
                negotiations, including at negotiation sites; 
                and</DELETED>
                <DELETED>    (D) after the applicable trade agreement 
                is concluded, consultation regarding ongoing compliance 
                and enforcement of negotiated commitments under the 
                trade agreement.</DELETED>
<DELETED>    (c) Request for Meeting.--Upon the request of a majority 
of the Congressional Oversight Group, the President shall meet with the 
Congressional Oversight Group before initiating negotiations with 
respect to a trade agreement, or at any other time concerning the 
negotiations.</DELETED>

<DELETED>SEC. 8. ADDITIONAL IMPLEMENTATION AND ENFORCEMENT 
              REQUIREMENTS.</DELETED>

<DELETED>    (a) In General.--At the time the President submits to the 
Congress the final text of an agreement pursuant to section 5(a)(1)(C), 
the President shall also submit a plan for implementing and enforcing 
the agreement. The implementation and enforcement plan shall include 
the following:</DELETED>
        <DELETED>    (1) Border personnel requirements.--A description 
        of additional personnel required at border entry points, 
        including a list of additional customs and agricultural 
        inspectors.</DELETED>
        <DELETED>    (2) Agency staffing requirements.--A description 
        of additional personnel required by Federal agencies 
        responsible for monitoring and implementing the trade 
        agreement, including personnel required by the Office of the 
        United States Trade Representative, the Department of Commerce, 
        the Department of Agriculture (including additional personnel 
        required to implement sanitary and phytosanitary measures in 
        order to obtain market access for United States exports), the 
        Department of the Treasury, and such other agencies as may be 
        necessary.</DELETED>
        <DELETED>    (3) Customs infrastructure requirements.--A 
        description of the additional equipment and facilities needed 
        by the United States Customs Service.</DELETED>
        <DELETED>    (4) Impact on state and local governments.--A 
        description of the impact the trade agreement will have on 
        State and local governments as a result of increases in 
        trade.</DELETED>
        <DELETED>    (5) Cost analysis.--An analysis of the costs 
        associated with each of the items listed in paragraphs (1) 
        through (4).</DELETED>
<DELETED>    (b) Budget Submission.--The President shall include a 
request for the resources necessary to support the plan described in 
subsection (a) in the first budget that the President submits to the 
Congress after the submission of the plan.</DELETED>

<DELETED>SEC. 9. COMMITTEE STAFF.</DELETED>

<DELETED>    The grant of trade promotion authority under this Act is 
likely to increase the activities of the primary committees of 
jurisdiction in the area of international trade. In addition, the 
creation of the Congressional Oversight Group under section 7 will 
increase the participation of a broader number of Members of Congress 
in the formulation of United States trade policy and oversight of the 
international trade agenda for the United States. The primary 
committees of jurisdiction should have adequate staff to accommodate 
these increases in activities.</DELETED>

<DELETED>SEC. 10. CONFORMING AMENDMENTS.</DELETED>

<DELETED>    (a) In General.--Title I of the Trade Act of 1974 (19 
U.S.C. 2111 et seq.) is amended as follows:</DELETED>
        <DELETED>    (1) Implementing bill.--</DELETED>
                <DELETED>    (A) Section 151(b)(1) (19 U.S.C. 
                2191(b)(1)) is amended by striking ``section 1103(a)(1) 
                of the Omnibus Trade and Competitiveness Act of 1988, 
                or section 282 of the Uruguay Round Agreements Act'' 
                and inserting ``section 282 of the Uruguay Round 
                Agreements Act, or section 5(a)(1) of the Bipartisan 
                Trade Promotion Authority Act of 2001''.</DELETED>
                <DELETED>    (B) Section 151(c)(1) (19 U.S.C. 
                2191(c)(1)) is amended by striking ``or section 282 of 
                the Uruguay Round Agreements Act'' and inserting ``, 
                section 282 of the Uruguay Round Agreements Act, or 
                section 5(a)(1) of the Bipartisan Trade Promotion 
                Authority Act of 2001''.</DELETED>
        <DELETED>    (2) Advice from international trade commission.--
        Section 131 (19 U.S.C. 2151) is amended--</DELETED>
                <DELETED>    (A) in subsection (a)--</DELETED>
                        <DELETED>    (i) in paragraph (1), by striking 
                        ``section 123 of this Act or section 1102 (a) 
                        or (c) of the Omnibus Trade and Competitiveness 
                        Act of 1988,'' and inserting ``section 123 of 
                        this Act or section 3(a) or (b) of the 
                        Bipartisan Trade Promotion Authority Act of 
                        2001,''; and</DELETED>
                        <DELETED>    (ii) in paragraph (2), by striking 
                        ``section 1102 (b) or (c) of the Omnibus Trade 
                        and Competitiveness Act of 1988'' and inserting 
                        ``section 3(b) of the Bipartisan Trade 
                        Promotion Authority Act of 2001'';</DELETED>
                <DELETED>    (B) in subsection (b), by striking 
                ``section 1102(a)(3)(A)'' and inserting ``section 
                3(a)(3)(A) of the Bipartisan Trade Promotion Authority 
                Act of 2001''; and</DELETED>
                <DELETED>    (C) in subsection (c), by striking 
                ``section 1102 of the Omnibus Trade and Competitiveness 
                Act of 1988,'' and inserting ``section 3 of the 
                Bipartisan Trade Promotion Authority Act of 
                2001,''.</DELETED>
        <DELETED>    (3) Hearings and advice.--Sections 132, 133(a), 
        and 134(a) (19 U.S.C. 2152, 2153(a), and 2154(a)) are each 
        amended by striking ``section 1102 of the Omnibus Trade and 
        Competitiveness Act of 1988,'' each place it appears and 
        inserting ``section 3 of the Bipartisan Trade Promotion 
        Authority Act of 2001,''.</DELETED>
        <DELETED>    (4) Prerequisites for offers.--Section 134(b) (19 
        U.S.C. 2154(b)) is amended by striking ``section 1102 of the 
        Omnibus Trade and Competitiveness Act of 1988'' and inserting 
        ``section 3 of the Bipartisan Trade Promotion Authority Act of 
        2001''.</DELETED>
        <DELETED>    (5) Advice from private and public sectors.--
        Section 135 (19 U.S.C. 2155) is amended--</DELETED>
                <DELETED>    (A) in subsection (a)(1)(A), by striking 
                ``section 1102 of the Omnibus Trade and Competitiveness 
                Act of 1988'' and inserting ``section 3 of the 
                Bipartisan Trade Promotion Authority Act of 
                2001'';</DELETED>
                <DELETED>    (B) in subsection (e)(1)--</DELETED>
                        <DELETED>    (i) by striking ``section 1102 of 
                        the Omnibus Trade and Competitiveness Act of 
                        1988'' each place it appears and inserting 
                        ``section 3 of the Bipartisan Trade Promotion 
                        Authority Act of 2001''; and</DELETED>
                        <DELETED>    (ii) by striking ``section 
                        1103(a)(1)(A) of such Act of 1988'' and 
                        inserting ``section 5(a)(1)(A) of the 
                        Bipartisan Trade Promotion Authority Act of 
                        2001''; and</DELETED>
                <DELETED>    (C) in subsection (e)(2), by striking 
                ``section 1101 of the Omnibus Trade and Competitiveness 
                Act of 1988'' and inserting ``section 2 of the 
                Bipartisan Trade Promotion Authority Act of 
                2001''.</DELETED>
        <DELETED>    (6) Transmission of agreements to congress.--
        Section 162(a) (19 U.S.C. 2212(a)) is amended by striking ``or 
        under section 1102 of the Omnibus Trade and Competitiveness Act 
        of 1988'' and inserting ``or under section 3 of the Bipartisan 
        Trade Promotion Authority Act of 2001''.</DELETED>
<DELETED>    (b) Application of Certain Provisions.--For purposes of 
applying sections 125, 126, and 127 of the Trade Act of 1974 (19 U.S.C. 
2135, 2136(a), and 2137)--</DELETED>
        <DELETED>    (1) any trade agreement entered into under section 
        3 shall be treated as an agreement entered into under section 
        101 or 102, as appropriate, of the Trade Act of 1974 (19 U.S.C. 
        2111 or 2112); and</DELETED>
        <DELETED>    (2) any proclamation or Executive order issued 
        pursuant to a trade agreement entered into under section 3 
        shall be treated as a proclamation or Executive order issued 
        pursuant to a trade agreement entered into under section 102 of 
        the Trade Act of 1974.</DELETED>

<DELETED>SEC. 11. DEFINITIONS.</DELETED>

<DELETED>    In this Act:</DELETED>
        <DELETED>    (1) Agreement on agriculture.--The term 
        ``Agreement on Agriculture'' means the agreement referred to in 
        section 101(d)(2) of the Uruguay Round Agreements Act (19 
        U.S.C. 3511(d)(2)).</DELETED>
        <DELETED>    (2) Core labor standards.--The term ``core labor 
        standards'' means--</DELETED>
                <DELETED>    (A) the right of association;</DELETED>
                <DELETED>    (B) the right to organize and bargain 
                collectively;</DELETED>
                <DELETED>    (C) a prohibition on the use of any form 
                of forced or compulsory labor;</DELETED>
                <DELETED>    (D) a minimum age for the employment of 
                children; and</DELETED>
                <DELETED>    (E) acceptable conditions of work with 
                respect to minimum wages, hours of work, and 
                occupational safety and health.</DELETED>
        <DELETED>    (3) GATT 1994.--The term ``GATT 1994'' has the 
        meaning given that term in section 2 of the Uruguay Round 
        Agreements Act (19 U.S.C. 3501).</DELETED>
        <DELETED>    (4) ILO.--The term ``ILO'' means the International 
        Labor Organization.</DELETED>
        <DELETED>    (5) United states person.--The term ``United 
        States person'' means--</DELETED>
                <DELETED>    (A) a United States citizen;</DELETED>
                <DELETED>    (B) a partnership, corporation, or other 
                legal entity organized under the laws of the United 
                States; and</DELETED>
                <DELETED>    (C) a partnership, corporation, or other 
                legal entity that is organized under the laws of a 
                foreign country and is controlled by entities described 
                in subparagraph (B) or United States citizens, or 
                both.</DELETED>
        <DELETED>    (6) Uruguay round agreements.--The term ``Uruguay 
        Round Agreements'' has the meaning given that term in section 
        2(7) of the Uruguay Round Agreements Act (19 U.S.C. 
        3501(7)).</DELETED>
        <DELETED>    (7) World trade organization; wto.--The terms 
        ``World Trade Organization'' and ``WTO'' mean the organization 
        established pursuant to the WTO Agreement.</DELETED>
        <DELETED>    (8) WTO agreement.--The term ``WTO Agreement'' 
        means the Agreement Establishing the World Trade Organization 
        entered into on April 15, 1994.</DELETED>

SECTION 1. SHORT TITLE; FINDINGS.

    (a) Short Title.--This Act may be cited as the ``Bipartisan Trade 
Promotion Authority Act of 2002''.
    (b) Findings.--The Congress makes the following findings:
            (1) The expansion of international trade is vital to the 
        national security of the United States. Trade is critical to 
        the economic growth and strength of the United States and to 
        its leadership in the world. Stable trading relationships 
        promote security and prosperity. Trade agreements today serve 
        the same purposes that security pacts played during the Cold 
        War, binding nations together through a series of mutual rights 
        and obligations. Leadership by the United States in 
        international trade fosters open markets, democracy, and peace 
        throughout the world.
            (2) The national security of the United States depends on 
        its economic security, which in turn is founded upon a vibrant 
        and growing industrial base. Trade expansion has been the 
        engine of economic growth. Trade agreements maximize 
        opportunities for the critical sectors and building blocks of 
        the economy of the United States, such as information 
        technology, telecommunications and other leading technologies, 
        basic industries, capital equipment, medical equipment, 
        services, agriculture, environmental technology, and 
        intellectual property. Trade will create new opportunities for 
        the United States and preserve the unparalleled strength of the 
        United States in economic, political, and military affairs. The 
        United States, secured by expanding trade and economic 
        opportunities, will meet the challenges of the twenty-first 
        century.
            (3) Support for continued trade expansion requires that 
        dispute settlement procedures under international trade 
        agreements not add to or diminish the rights and obligations 
        provided in such agreements. Nevertheless, in several cases, 
        dispute settlement panels and the WTO Appellate Body have added 
        to obligations and diminished rights of the United States under 
        WTO Agreements. In particular, dispute settlement panels and 
        the Appellate Body have--
                    (A) given insufficient deference to the expertise 
                and fact-finding of the Department of Commerce and the 
                United States International Trade Commission;
                    (B) imposed an obligation concerning the causal 
                relationship between increased imports into the United 
                States and serious injury to domestic industry 
                necessary to support a safeguard measure that is 
                different from the obligation set forth in the 
                applicable WTO Agreements;
                    (C) imposed an obligation concerning the exclusion 
                from safeguards measures of products imported from 
                countries party to a free trade agreement that is 
                different from the obligation set forth in the 
                applicable WTO Agreements;
                    (D) imposed obligations on the Department of 
                Commerce with respect to the use of facts available in 
                antidumping investigations that are different from the 
                obligations set forth in the applicable WTO Agreements; 
                and
                    (E) accorded insufficient deference to the 
                Department of Commerce's methodology for adjusting 
                countervailing duties following the privatization of a 
                subsidized foreign producer.

SEC. 2. TRADE NEGOTIATING OBJECTIVES.

    (a) Overall Trade Negotiating Objectives.--The overall trade 
negotiating objectives of the United States for agreements subject to 
the provisions of section 3 are--
            (1) to obtain more open, equitable, and reciprocal market 
        access;
            (2) to obtain the reduction or elimination of barriers and 
        distortions that are directly related to trade and that 
        decrease market opportunities for United States exports or 
        otherwise distort United States trade;
            (3) to further strengthen the system of international 
        trading disciplines and procedures, including dispute 
        settlement;
            (4) to foster economic growth, raise living standards, and 
        promote full employment in the United States and to enhance the 
        global economy;
            (5) to ensure that trade and environmental policies are 
        mutually supportive and to seek to protect and preserve the 
        environment and enhance the international means of doing so, 
        while optimizing the use of the world's resources;
            (6) to promote respect for worker rights and the rights of 
        children consistent with core labor standards of the 
        International Labor Organization (as defined in section 13(2)) 
        and an understanding of the relationship between trade and 
        worker rights;
            (7) to seek provisions in trade agreements under which 
        parties to those agreements strive to ensure that they do not 
        weaken or reduce the protections afforded in domestic 
        environmental and labor laws as an encouragement for trade; and
            (8) to ensure that trade agreements afford small businesses 
        equal access to international markets, equitable trade 
        benefits, expanded export market opportunities, and provide for 
        the reduction or elimination of trade barriers that 
        disproportionately impact small business.
    (b) Principal Trade Negotiating Objectives.--
            (1) Trade barriers and distortions.--The principal 
        negotiating objectives of the United States regarding trade 
        barriers and other trade distortions are--
                    (A) to expand competitive market opportunities for 
                United States exports and to obtain fairer and more 
                open conditions of trade by reducing or eliminating 
                tariff and nontariff barriers and policies and 
                practices of foreign governments directly related to 
                trade that decrease market opportunities for United 
                States exports or otherwise distort United States 
                trade; and
                    (B) to obtain reciprocal tariff and nontariff 
                barrier elimination agreements, with particular 
                attention to those tariff categories covered in section 
                111(b) of the Uruguay Round Agreements Act (19 U.S.C. 
                3521(b)).
            (2) Trade in services.--The principal negotiating objective 
        of the United States regarding trade in services is to reduce 
        or eliminate barriers to international trade in services, 
        including regulatory and other barriers that deny national 
        treatment and market access or unreasonably restrict the 
        establishment or operations of service suppliers.
            (3) Foreign investment.--Recognizing that United States law 
        on the whole provides a high level of protection for 
        investment, consistent with or greater than the level required 
        by international law, the principal negotiating objectives of 
        the United States regarding foreign investment are to reduce or 
        eliminate artificial or trade-distorting barriers to trade-
        related foreign investment, while ensuring that United States 
        investors in the United States are not accorded lesser rights 
        than foreign investors in the United States, and to secure for 
        investors important rights comparable to those that would be 
        available under United States legal principles and practice, 
        by--
                    (A) reducing or eliminating exceptions to the 
                principle of national treatment;
                    (B) freeing the transfer of funds relating to 
                investments;
                    (C) reducing or eliminating performance 
                requirements, forced technology transfers, and other 
                unreasonable barriers to the establishment and 
                operation of investments;
                    (D) seeking to establish standards for 
                expropriation and compensation for expropriation, 
                consistent with United States legal principles and 
                practice;
                    (E) seeking to establish standards for fair and 
                equitable treatment consistent with United States legal 
                principles and practice, including the principle of due 
                process;
                    (F) providing meaningful procedures for resolving 
                investment disputes;
                    (G) seeking to improve mechanisms used to resolve 
                disputes between an investor and a government through--
                            (i) mechanisms to eliminate frivolous 
                        claims and to deter the filing of frivolous 
                        claims;
                            (ii) procedures to ensure the efficient 
                        selection of arbitrators and the expeditious 
                        disposition of claims;
                            (iii) procedures to enhance opportunities 
                        for public input into the formulation of 
                        government positions; and
                            (iv) establishment of a single appellate 
                        body to review decisions in investor-to-
                        government disputes and thereby provide 
                        coherence to the interpretations of investment 
                        provisions in trade agreements; and
                    (H) ensuring the fullest measure of transparency in 
                the dispute settlement mechanism, to the extent 
                consistent with the need to protect information that is 
                classified or business confidential, by--
                            (i) ensuring that all requests for dispute 
                        settlement are promptly made public;
                            (ii) ensuring that--
                                    (I) all proceedings, submissions, 
                                findings, and decisions are promptly 
                                made public;
                                    (II) all hearings are open to the 
                                public; and
                            (iii) establishing a mechanism for 
                        acceptance of amicus curiae submissions from 
                        businesses, unions, and nongovernmental 
                        organizations.
            (4) Intellectual property.--The principal negotiating 
        objectives of the United States regarding trade-related 
        intellectual property are--
                    (A) to further promote adequate and effective 
                protection of intellectual property rights, including 
                through--
                            (i)(I) ensuring accelerated and full 
                        implementation of the Agreement on Trade-
                        Related Aspects of Intellectual Property Rights 
                        referred to in section 101(d)(15) of the 
                        Uruguay Round Agreements Act (19 U.S.C. 
                        3511(d)(15)), particularly with respect to 
                        meeting enforcement obligations under that 
                        agreement; and
                            (II) ensuring that the provisions of any 
                        multilateral or bilateral trade agreement 
                        governing intellectual property rights that is 
                        entered into by the United States reflect a 
                        standard of protection similar to that found in 
                        United States law;
                            (ii) providing strong protection for new 
                        and emerging technologies and new methods of 
                        transmitting and distributing products 
                        embodying intellectual property;
                            (iii) preventing or eliminating 
                        discrimination with respect to matters 
                        affecting the availability, acquisition, scope, 
                        maintenance, use, and enforcement of 
                        intellectual property rights;
                            (iv) ensuring that standards of protection 
                        and enforcement keep pace with technological 
                        developments, and in particular ensuring that 
                        rightholders have the legal and technological 
                        means to control the use of their works through 
                        the Internet and other global communication 
                        media, and to prevent the unauthorized use of 
                        their works; and
                            (v) providing strong enforcement of 
                        intellectual property rights, including through 
                        accessible, expeditious, and effective civil, 
                        administrative, and criminal enforcement 
                        mechanisms; and
                    (B) to secure fair, equitable, and 
                nondiscriminatory market access opportunities for 
                United States persons that rely upon intellectual 
                property protection.
            (5) Transparency.--The principal negotiating objective of 
        the United States with respect to transparency is to obtain 
        wider and broader application of the principle of transparency 
        through--
                    (A) increased and more timely public access to 
                information regarding trade issues and the activities 
                of international trade institutions;
                    (B) increased openness at the WTO and other 
                international trade fora by increasing public access to 
                appropriate meetings, proceedings, and submissions, 
                including with regard to dispute settlement and 
                investment; and
                    (C) increased and more timely public access to all 
                notifications and supporting documentation submitted by 
                parties to the WTO.
            (6) Anti-corruption.--The principal negotiating objectives 
        of the United States with respect to the use of money or other 
        things of value to influence acts, decisions, or omissions of 
        foreign governments or officials or to secure any improper 
        advantage in a manner affecting trade are--
                    (A) to obtain high standards and appropriate 
                domestic enforcement mechanisms applicable to persons 
                from all countries participating in the applicable 
                trade agreement that prohibit such attempts to 
                influence acts, decisions, or omissions of foreign 
                governments; and
                    (B) to ensure that such standards do not place 
                United States persons at a competitive disadvantage in 
                international trade.
            (7) Improvement of the wto and multilateral trade 
        agreements.--The principal negotiating objectives of the United 
        States regarding the improvement of the World Trade 
        Organization, the Uruguay Round Agreements, and other 
        multilateral and bilateral trade agreements are--
                    (A) to achieve full implementation and extend the 
                coverage of the World Trade Organization and such 
                agreements to products, sectors, and conditions of 
                trade not adequately covered; and
                    (B) to expand country participation in and 
                enhancement of the Information Technology Agreement and 
                other trade agreements.
            (8) Regulatory practices.--The principal negotiating 
        objectives of the United States regarding the use of government 
        regulation or other practices by foreign governments to provide 
        a competitive advantage to their domestic producers, service 
        providers, or investors and thereby reduce market access for 
        United States goods, services, and investments are--
                    (A) to achieve increased transparency and 
                opportunity for the participation of affected parties 
                in the development of regulations;
                    (B) to require that proposed regulations be based 
                on sound science, cost-benefit analysis, risk 
                assessment, or other objective evidence;
                    (C) to establish consultative mechanisms among 
                parties to trade agreements to promote increased 
                transparency in developing guidelines, rules, 
                regulations, and laws for government procurement and 
                other regulatory regimes; and
                    (D) to achieve the elimination of government 
                measures such as price controls and reference pricing 
                which deny full market access for United States 
                products.
            (9) Electronic commerce.--The principal negotiating 
        objectives of the United States with respect to electronic 
        commerce are--
                    (A) to ensure that current obligations, rules, 
                disciplines, and commitments under the World Trade 
                Organization apply to electronic commerce;
                    (B) to ensure that--
                            (i) electronically delivered goods and 
                        services receive no less favorable treatment 
                        under trade rules and commitments than like 
                        products delivered in physical form; and
                            (ii) the classification of such goods and 
                        services ensures the most liberal trade 
                        treatment possible;
                    (C) to ensure that governments refrain from 
                implementing trade-related measures that impede 
                electronic commerce;
                    (D) where legitimate policy objectives require 
                domestic regulations that affect electronic commerce, 
                to obtain commitments that any such regulations are the 
                least restrictive on trade, nondiscriminatory, and 
                transparent, and promote an open market environment; 
                and
                    (E) to extend the moratorium of the World Trade 
                Organization on duties on electronic transmissions.
            (10) Reciprocal trade in agriculture.--
                    (A) In general.--The principal negotiating 
                objective of the United States with respect to 
                agriculture is to obtain competitive opportunities for 
                United States exports of agricultural commodities in 
                foreign markets substantially equivalent to the 
                competitive opportunities afforded foreign exports in 
                United States markets and to achieve fairer and more 
                open conditions of trade in bulk, specialty crop, and 
                value-added commodities by--
                            (i) reducing or eliminating, by a date 
                        certain, tariffs or other charges that decrease 
                        market opportunities for United States 
                        exports--
                                    (I) giving priority to those 
                                products that are subject to 
                                significantly higher tariffs or subsidy 
                                regimes of major producing countries; 
                                and
                                    (II) providing reasonable 
                                adjustment periods for United States 
                                import-sensitive products, in close 
                                consultation with the Congress on such 
                                products before initiating tariff 
                                reduction negotiations;
                            (ii) reducing tariffs to levels that are 
                        the same as or lower than those in the United 
                        States;
                            (iii) seeking to eliminate all export 
                        subsidies on agricultural commodities while 
                        maintaining bona fide food aid and preserving 
                        United States agricultural market development 
                        and export credit programs that allow the 
                        United States to compete with other foreign 
                        export promotion efforts;
                            (iv) allowing the preservation of programs 
                        that support family farms and rural communities 
                        but do not distort trade;
                            (v) developing disciplines for domestic 
                        support programs, so that production that is in 
                        excess of domestic food security needs is sold 
                        at world prices;
                            (vi) eliminating Government policies that 
                        create price-depressing surpluses;
                            (vii) eliminating state trading enterprises 
                        whenever possible;
                            (viii) developing, strengthening, and 
                        clarifying rules and effective dispute 
                        settlement mechanisms to eliminate practices 
                        that unfairly decrease United States market 
                        access opportunities or distort agricultural 
                        markets to the detriment of the United States, 
                        particularly with respect to import-sensitive 
                        products, including--
                                    (I) unfair or trade-distorting 
                                activities of state trading enterprises 
                                and other administrative mechanisms, 
                                with emphasis on requiring price 
                                transparency in the operation of state 
                                trading enterprises and such other 
                                mechanisms in order to end cross 
                                subsidization, price discrimination, 
                                and price undercutting;
                                    (II) unjustified trade restrictions 
                                or commercial requirements, such as 
                                labeling, that affect new technologies, 
                                including biotechnology;
                                    (III) unjustified sanitary or 
                                phytosanitary restrictions, including 
                                those not based on scientific 
                                principles in contravention of the 
                                Uruguay Round Agreements;
                                    (IV) other unjustified technical 
                                barriers to trade; and
                                    (V) restrictive rules in the 
                                administration of tariff rate quotas;
                            (ix) eliminating practices that adversely 
                        affect trade in perishable or cyclical 
                        products, while improving import relief 
                        mechanisms to recognize the unique 
                        characteristics of perishable and cyclical 
                        agriculture;
                            (x) ensuring that the use of import relief 
                        mechanisms for perishable and cyclical 
                        agriculture are as accessible and timely to 
                        growers in the United States as those 
                        mechanisms that are used by other countries;
                            (xi) taking into account whether a party to 
                        the negotiations has failed to adhere to the 
                        provisions of already existing trade agreements 
with the United States or has circumvented obligations under those 
agreements;
                            (xii) taking into account whether a product 
                        is subject to market distortions by reason of a 
                        failure of a major producing country to adhere 
                        to the provisions of already existing trade 
                        agreements with the United States or by the 
                        circumvention by that country of its 
                        obligations under those agreements;
                            (xiii) otherwise ensuring that countries 
                        that accede to the World Trade Organization 
                        have made meaningful market liberalization 
                        commitments in agriculture;
                            (xiv) taking into account the impact that 
                        agreements covering agriculture to which the 
                        United States is a party, including the North 
                        American Free Trade Agreement, have on the 
                        United States agricultural industry;
                            (xv) maintaining bona fide food assistance 
                        programs and preserving United States market 
                        development and export credit programs; and
                            (xvi) strive to complete a general 
                        multilateral round in the World Trade 
                        Organization by January 1, 2005, and seek the 
                        broadest market access possible in 
                        multilateral, regional, and bilateral 
                        negotiations, recognizing the effect that 
                        simultaneous sets of negotiations may have on 
                        United States import-sensitive commodities 
                        (including those subject to tariff-rate 
                        quotas).
                    (B) Consultation.--
                            (i) Before commencing negotiations.--Before 
                        commencing negotiations with respect to 
                        agriculture, the United States Trade 
                        Representative, in consultation with the 
                        Congress, shall seek to develop a position on 
                        the treatment of seasonal and perishable 
                        agricultural products to be employed in the 
                        negotiations in order to develop an 
                        international consensus on the treatment of 
                        seasonal or perishable agricultural products in 
                        investigations relating to dumping and 
                        safeguards and in any other relevant area.
                            (ii) During negotiations.--During any 
                        negotiations on agricultural subsidies, the 
                        United States Trade Representative shall seek 
                        to establish the common base year for 
                        calculating the Aggregated Measurement of 
                        Support (as defined in the Agreement on 
                        Agriculture) as the end of each country's 
                        Uruguay Round implementation period, as 
                        reported in each country's Uruguay Round market 
                        access schedule.
                            (iii) Scope of objective.--The negotiating 
                        objective provided in subparagraph (A) applies 
                        with respect to agricultural matters to be 
                        addressed in any trade agreement entered into 
                        under section 3(a) or (b), including any trade 
                        agreement entered into under section 3(a) or 
                        (b) that provides for accession to a trade 
                        agreement to which the United States is already 
                        a party, such as the North American Free Trade 
                        Agreement and the United States-Canada Free 
                        Trade Agreement.
            (11) Labor and the environment.--The principal negotiating 
        objectives of the United States with respect to labor and the 
        environment are--
                    (A) to ensure that a party to a trade agreement 
                with the United States does not fail to effectively 
                enforce its environmental or labor laws, through a 
                sustained or recurring course of action or inaction, in 
                a manner affecting trade between the United States and 
                that party after entry into force of a trade agreement 
                between those countries;
                    (B) to recognize that parties to a trade agreement 
                retain the right to exercise discretion with respect to 
                investigatory, prosecutorial, regulatory, and 
                compliance matters and to make decisions regarding the 
                allocation of resources to enforcement with respect to 
                other labor or environmental matters determined to have 
                higher priorities, and to recognize that a country is 
                effectively enforcing its laws if a course of action or 
                inaction reflects a reasonable exercise of such 
                discretion, or results from a bona fide decision 
                regarding the allocation of resources and no 
                retaliation may be authorized based on the exercise of 
                these rights or the right to establish domestic labor 
                standards and levels of environmental protection;
                    (C) to strengthen the capacity of United States 
                trading partners to promote respect for core labor 
                standards (as defined in section 13(2));
                    (D) to strengthen the capacity of United States 
                trading partners to protect the environment through the 
                promotion of sustainable development;
                    (E) to reduce or eliminate government practices or 
                policies that unduly threaten sustainable development;
                    (F) to seek market access, through the elimination 
                of tariffs and nontariff barriers, for United States 
                environmental technologies, goods, and services; and
                    (G) to ensure that labor, environmental, health, or 
                safety policies and practices of the parties to trade 
                agreements with the United States do not arbitrarily or 
                unjustifiably discriminate against United States 
                exports or serve as disguised barriers to trade.
            (12) Dispute settlement and enforcement.--The principal 
        negotiating objectives of the United States with respect to 
        dispute settlement and enforcement of trade agreements are--
                    (A) to seek provisions in trade agreements 
                providing for resolution of disputes between 
                governments under those trade agreements in an 
                effective, timely, transparent, equitable, and reasoned 
                manner, requiring determinations based on facts and the 
                principles of the agreements, with the goal of 
                increasing compliance with the agreements;
                    (B) to seek to strengthen the capacity of the Trade 
                Policy Review Mechanism of the World Trade Organization 
                to review compliance with commitments;
                    (C) to seek improved adherence by panels convened 
                under the WTO Understanding on Rules and Procedures 
                Governing the Settlement of Disputes and by the WTO 
                Appellate Body to the standard of review applicable 
                under the WTO Agreement involved in the dispute, 
                including greater deference, where appropriate, to the 
                fact finding and technical expertise of national 
                investigating authorities;
                    (D) to seek provisions encouraging the early 
                identification and settlement of disputes through 
                consultation;
                    (E) to seek provisions to encourage the provision 
                of trade-expanding compensation if a party to a dispute 
                under the agreement does not come into compliance with 
its obligations under the agreement;
                    (F) to seek provisions to impose a penalty upon a 
                party to a dispute under the agreement that--
                            (i) encourages compliance with the 
                        obligations of the agreement;
                            (ii) is appropriate to the parties, nature, 
                        subject matter, and scope of the violation; and
                            (iii) has the aim of not adversely 
                        affecting parties or interests not party to the 
                        dispute while maintaining the effectiveness of 
                        the enforcement mechanism; and
                    (G) to seek provisions that treat United States 
                principal negotiating objectives equally with respect 
                to--
                            (i) the ability to resort to dispute 
                        settlement under the applicable agreement;
                            (ii) the availability of equivalent dispute 
                        settlement procedures; and
                            (iii) the availability of equivalent 
                        remedies.
            (13) Border taxes.--The principal negotiating objective of 
        the United States regarding border taxes is to obtain a 
        revision of the WTO rules with respect to the treatment of 
        border adjustments for internal taxes to redress the 
        disadvantage to countries relying primarily on direct taxes for 
        revenue rather than indirect taxes.
            (14) WTO extended negotiations.--The principal negotiating 
        objectives of the United States regarding trade in civil 
        aircraft are those set forth in section 135(c) of the Uruguay 
        Round Agreements Act (19 U.S.C. 3355(c)) and regarding rules of 
        origin are the conclusion of an agreement described in section 
        132 of that Act (19 U.S.C. 3552).
    (c) Promotion of Certain Priorities.--In order to address and 
maintain United States competitiveness in the global economy, the 
President shall--
            (1) seek greater cooperation between the WTO and the ILO;
            (2) seek to establish consultative mechanisms among parties 
        to trade agreements to strengthen the capacity of United States 
        trading partners to promote respect for core labor standards 
        (as defined in section 13(2)), and report to the Committee on 
        Ways and Means of the House of Representatives and the 
        Committee on Finance of the Senate on the content and operation 
        of such mechanisms;
            (3) seek to establish consultative mechanisms among parties 
        to trade agreements to strengthen the capacity of United States 
        trading partners to develop and implement standards for the 
        protection of the environment and human health based on sound 
        science, and report to the Committee on Ways and Means of the 
        House of Representatives and the Committee on Finance of the 
        Senate on the content and operation of such mechanisms;
            (4) conduct environmental reviews of future trade and 
        investment agreements, consistent with Executive Order 13141 of 
        November 16, 1999 and the relevant guidelines, and report to 
        the Committee on Ways and Means of the House of Representatives 
        and the Committee on Finance of the Senate on such reviews;
            (5) review the impact of future trade agreements on United 
        States employment, modeled after Executive Order 13141, and 
        report to the Committee on Ways and Means of the House of 
        Representatives and the Committee on Finance of the Senate on 
        such review;
            (6) take into account other legitimate United States 
        domestic objectives including, but not limited to, the 
        protection of legitimate health or safety, essential security, 
        and consumer interests and the law and regulations related 
        thereto;
            (7) have the Secretary of Labor consult with any country 
        seeking a trade agreement with the United States concerning 
        that country's labor laws and provide technical assistance to 
        that country if needed;
            (8) in connection with any trade negotiations entered into 
        under this Act, the President shall submit to the Committee on 
        Ways and Means of the House of Representatives and the 
        Committee on Finance of the Senate a meaningful labor rights 
        report of the country, or countries, with respect to which the 
        President is negotiating, on a time frame determined in 
        accordance with section 7(b)(2)(E);
            (9)(A) preserve the ability of the United States to enforce 
        rigorously its trade laws, including the antidumping, 
        countervailing duty, and safeguard laws, and avoid agreements 
        that lessen the effectiveness of domestic and international 
        disciplines on unfair trade, especially dumping and subsidies, 
        or that lessen the effectiveness of domestic and international 
        safeguard provisions, in order to ensure that United States 
        workers, agricultural producers, and firms can compete fully on 
        fair terms and enjoy the benefits of reciprocal trade 
        concessions; and
            (B) address and remedy market distortions that lead to 
        dumping and subsidization, including overcapacity, 
        cartelization, and market-access barriers.
            (10) continue to promote consideration of multilateral 
        environmental agreements and consult with parties to such 
        agreements regarding the consistency of any such agreement that 
        includes trade measures with existing environmental exceptions 
        under Article XX of the GATT 1994;
            (11) report to the Committee on Ways and Means of the House 
        of Representatives and the Committee on Finance of the Senate, 
        not later than 12 months after the imposition of a penalty or 
        remedy by the United States permitted by a trade agreement to 
        which this Act applies, on the effectiveness of the penalty or 
        remedy applied under United States law in enforcing United 
        States rights under the trade agreement; and
            (12) seek to establish consultative mechanisms among 
        parties to trade agreements to examine the trade consequences 
        of significant and unanticipated currency movements and to 
        scrutinize whether a foreign government engaged in a pattern of 
        manipulating its currency to promote a competitive advantage in 
        international trade.
The report required under paragraph (11) shall address whether the 
penalty or remedy was effective in changing the behavior of the 
targeted party and whether the penalty or remedy had any adverse impact 
on parties or interests not party to the dispute.
    (d) Consultations.--
            (1) Consultations with congressional advisers.--In the 
        course of negotiations conducted under this Act, the United 
        States Trade Representative shall consult closely and on a 
        timely basis with, and keep fully apprised of the negotiations, 
        the Congressional Oversight Group convened under section 7 and 
        all committees of the House of Representatives and the Senate 
        with jurisdiction over laws that would be affected by a trade 
        agreement resulting from the negotiations.
            (2) Consultation before agreement initialed.--In the course 
        of negotiations conducted under this Act, the United States 
        Trade Representative shall--
                    (A) consult closely and on a timely basis 
                (including immediately before initialing an agreement) 
                with, and keep fully apprised of the negotiations, the 
                congressional advisers for trade policy and 
                negotiations appointed under section 161 of the Trade 
Act of 1974 (19 U.S.C. 2211), the Committee on Ways and Means of the 
House of Representatives, the Committee on Finance of the Senate, and 
the Congressional Oversight Group convened under section 7; and
                    (B) with regard to any negotiations and agreement 
                relating to agricultural trade, also consult closely 
                and on a timely basis (including immediately before 
                initialing an agreement) with, and keep fully apprised 
                of the negotiations, the Committee on Agriculture of 
                the House of Representatives and the Committee on 
                Agriculture, Nutrition, and Forestry of the Senate.
    (e) Adherence to Obligations Under Uruguay Round Agreements.--In 
determining whether to enter into negotiations with a particular 
country, the President shall take into account the extent to which that 
country has implemented, or has accelerated the implementation of, its 
obligations under the Uruguay Round Agreements.

SEC. 3. TRADE AGREEMENTS AUTHORITY.

    (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, priorities, and objectives of this Act will 
        be promoted thereby, the President--
                    (A) may enter into trade agreements with foreign 
                countries before--
                            (i) June 1, 2005; or
                            (ii) June 1, 2007, if trade authorities 
                        procedures are extended under subsection (c); 
                        and
                    (B) may, subject to paragraphs (2) and (3), 
                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.
            (2) Limitations.--No proclamation may be made under 
        paragraph (1) that--
                    (A) reduces any rate of duty (other than a rate of 
                duty that does not exceed 5 percent ad valorem on the 
                date of the enactment of this Act) to a rate of duty 
                which is less than 50 percent of the rate of such duty 
                that applies on such date of enactment;
                    (B) reduces the rate of duty below that applicable 
                under the Uruguay Round Agreements, on any agricultural 
                product which was the subject of tariff reductions by 
                the United States as a result of the Uruguay Round 
                Agreements, for which the rate of duty, pursuant to 
                such Agreements, was reduced on January 1, 1995, to a 
                rate which was not less than 97.5 percent of the rate 
                of duty that applied to such article on December 31, 
                1994; or
                    (C) increases any rate of duty above the rate that 
                applied on the date of the enactment of this Act.
            (3) Aggregate reduction; exemption from staging.--
                    (A) Aggregate reduction.--Except as provided in 
                subparagraph (B), the aggregate reduction in the rate 
                of duty on any article which is in effect on any day 
                pursuant to a trade agreement entered into under 
                paragraph (1) shall not exceed the aggregate reduction 
                which would have been in effect on such day if--
                            (i) a reduction of 3 percent ad valorem or 
                        a reduction of one-tenth of the total 
                        reduction, whichever is greater, had taken 
                        effect on the effective date of the first 
                        reduction proclaimed under paragraph (1) to 
                        carry out such agreement with respect to such 
                        article; and
                            (ii) a reduction equal to the amount 
                        applicable under clause (i) had taken effect at 
                        1-year intervals after the effective date of 
                        such first reduction.
                    (B) Exemption from staging.--No staging is required 
                under subparagraph (A) with respect to a duty reduction 
                that is proclaimed under paragraph (1) for an article 
                of a kind that is not produced in the United States. 
                The United States International Trade Commission shall 
                advise the President of the identity of articles that 
                may be exempted from staging under this subparagraph.
            (4) Rounding.--If the President determines that such action 
        will simplify the computation of reductions under paragraph 
        (3), the President may round an annual reduction by an amount 
        equal to the lesser of--
                    (A) the difference between the reduction without 
                regard to this paragraph and the next lower whole 
                number; or
                    (B) one-half of 1 percent ad valorem.
            (5) Other limitations.--A rate of duty reduction that may 
        not be proclaimed by reason of paragraph (2) may take effect 
        only if a provision authorizing such reduction is included 
        within an implementing bill provided for under section 5 and 
        that bill is enacted into law.
            (6) Other tariff modifications.--Notwithstanding paragraphs 
        (1)(B), (2)(A), (2)(C), and (3) through (5), and subject to the 
        consultation and layover requirements of section 115 of the 
        Uruguay Round Agreements Act, the President may proclaim the 
        modification of any duty or staged rate reduction of any duty 
        set forth in Schedule XX, as defined in section 2(5) of that 
        Act, if the United States agrees to such modification or staged 
        rate reduction in a negotiation for the reciprocal elimination 
        or harmonization of duties under the auspices of the World 
        Trade Organization.
            (7) Authority under uruguay round agreements act not 
        affected.--Nothing in this subsection shall limit the authority 
        provided to the President under section 111(b) of the Uruguay 
        Round Agreements Act (19 U.S.C. 3521(b)).
    (b) Agreements Regarding Tariff and Nontariff Barriers.--
            (1) In general.--
                    (A) Determination by president.--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;
                and that the purposes, policies, priorities, and 
                objectives of this Act will be promoted thereby, the 
                President may enter into a trade agreement described in 
                subparagraph (B) during the period described in 
                subparagraph (C).
                    (B) Agreement to reduce or eliminate certain 
                distortion.--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) Time period.--The President may enter into a trade 
        agreement under this paragraph before--
                            (i) June 1, 2005; or
                            (ii) June 1, 2007, if trade authorities 
                        procedures are extended under subsection (c).
            (2) Conditions.--A trade agreement may be entered into 
        under this subsection only if such agreement makes progress in 
        meeting the applicable objectives described in section 2(a) and 
        (b) and the President satisfies the conditions set forth in 
        section 4.
            (3) Bills qualifying for trade authorities procedures.--
                    (A) Application of expedited procedures.--The 
                provisions of section 151 of the Trade Act of 1974 (in 
                this Act referred to as ``trade authorities 
                procedures'') apply to a bill of either House of 
                Congress which contains provisions described in 
                subparagraph (B) to the same extent as such section 151 
                applies to implementing bills under that section. A 
                bill to which this paragraph applies shall hereafter in 
                this Act be referred to as an ``implementing bill''.
                    (B) Provisions described.--The provisions referred 
                to in subparagraph (A) are--
                            (i) a provision approving a trade agreement 
                        entered into under this subsection and 
                        approving the statement of administrative 
                        action, if any, proposed to implement such 
                        trade agreement; and
                            (ii) if changes in existing laws or new 
                        statutory authority are required to implement 
                        such trade agreement or agreements, provisions, 
                        necessary or appropriate to implement such 
                        trade agreement or agreements, either repealing 
                        or amending existing laws or providing new 
                        statutory authority.
    (c) Extension Disapproval Process for Congressional Trade 
Authorities Procedures.--
            (1) In general.--Except as provided in section 5(b)--
                    (A) the trade authorities procedures apply to 
                implementing bills submitted with respect to trade 
                agreements entered into under subsection (b) before 
                July 1, 2005; and
                    (B) the trade authorities procedures shall be 
                extended to implementing bills submitted with respect 
                to trade agreements entered into under subsection (b) 
                after June 30, 2005, and before July 1, 2007, 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 under 
                        paragraph (5) before June 1, 2005.
            (2) Report to congress by the president.--If the President 
        is of the opinion that the trade authorities procedures should 
        be extended to implementing bills described in paragraph 
        (1)(B), the President shall submit to the Congress, not later 
        than March 1, 2005, a written report that contains a request 
        for such extension, together with--
                    (A) a description of all trade agreements that have 
                been negotiated under subsection (b) and the 
                anticipated schedule for submitting such agreements to 
                the Congress for approval;
                    (B) a description of the progress that has been 
                made in negotiations to achieve the purposes, policies, 
                priorities, and objectives of this Act, and a statement 
                that such progress justifies the continuation of 
                negotiations; and
                    (C) a statement of the reasons why the extension is 
                needed to complete the negotiations.
            (3) Other reports to congress.--
                    (A) Report by the advisory committee.--The 
                President shall promptly inform the Advisory Committee 
                for Trade Policy and Negotiations established under 
                section 135 of the Trade Act of 1974 (19 U.S.C. 2155) 
                of the President's decision to submit a report to the 
                Congress under paragraph (2). The Advisory Committee 
                shall submit to the Congress as soon as practicable, 
                but not later than May 1, 2005, a written report that 
                contains--
                            (i) its views regarding the progress that 
                        has been made in negotiations to achieve the 
                        purposes, policies, priorities, and objectives 
                        of this Act; and
                            (ii) a statement of its views, and the 
                        reasons therefor, regarding whether the 
                        extension requested under paragraph (2) should 
                        be approved or disapproved.
                    (B) Report by itc.--The President shall promptly 
                inform the International Trade Commission of the 
                President's decision to submit a report to the Congress 
                under paragraph (2). The International Trade Commission 
                shall submit to the Congress as soon as practicable, 
                but not later than May 1, 2005, a written report that 
                contains a review and analysis of the economic impact 
                on the United States of all trade agreements 
                implemented between the date of enactment of this Act 
                and the date on which the President decides to seek an 
                extension requested under paragraph (2).
            (4) Status of reports.--The reports submitted to the 
        Congress under paragraphs (2) and (3), or any portion of such 
        reports, may be classified to the extent the President 
        determines appropriate.
            (5) Extension disapproval resolutions.--
                    (A) Definition.--For purposes of paragraph (1), the 
                term ``extension disapproval resolution'' means a 
                resolution of either House of the Congress, the sole 
                matter after the resolving clause of which is as 
                follows: ``That the ____ disapproves the request of the 
                President for the extension, under section 
                3(c)(1)(B)(i) of the Bipartisan Trade Promotion 
                Authority Act of 2002, of the trade authorities 
                procedures under that Act to any implementing bill 
                submitted with respect to any trade agreement entered 
                into under section 3(b) of that Act after June 30, 
                2005.'', with the blank space being filled with the 
                name of the resolving House of the Congress.
                    (B) Introduction.--Extension disapproval 
                resolutions--
                            (i) may be introduced in either House of 
                        the Congress by any member of such House; and
                            (ii) shall be referred, in the House of 
                        Representatives, to the Committee on Ways and 
                        Means and, in addition, to the Committee on 
                        Rules.
                    (C) Application of section 152 of the trade act of 
                1974.--The provisions of section 152 (d) and (e) of the 
                Trade Act of 1974 (19 U.S.C. 2192 (d) and (e)) 
                (relating to the floor consideration of certain 
                resolutions in the House and Senate) apply to extension 
disapproval resolutions.
                    (D) Limitations.--It is not in order for--
                            (i) the Senate to consider any extension 
                        disapproval resolution not reported by the 
                        Committee on Finance;
                            (ii) the House of Representatives to 
                        consider any extension disapproval resolution 
                        not reported by the Committee on Ways and Means 
                        and, in addition, by the Committee on Rules; or
                            (iii) either House of the Congress to 
                        consider an extension disapproval resolution 
                        after June 30, 2005.
    (d) Commencement of Negotiations.--In order to contribute to the 
continued economic expansion of the United States, the President shall 
commence negotiations covering tariff and nontariff barriers affecting 
any industry, product, or service sector, and expand existing sectoral 
agreements to countries that are not parties to those agreements, in 
cases where the President determines that such negotiations are 
feasible and timely and would benefit the United States. Such sectors 
include agriculture, commercial services, intellectual property rights, 
industrial and capital goods, government procurement, information 
technology products, environmental technology and services, medical 
equipment and services, civil aircraft, and infrastructure products. In 
so doing, the President shall take into account all of the principal 
negotiating objectives set forth in section 2(b).

SEC. 4. CONSULTATIONS AND ASSESSMENT.

    (a) Notice and Consultation Before Negotiation.--The President, 
with respect to any agreement that is subject to the provisions of 
section 3(b), shall--
            (1) provide, at least 90 calendar days before initiating 
        negotiations, written notice to the Congress of the President's 
        intention to enter into the negotiations and set forth therein 
        the date the President intends to initiate such negotiations, 
        the specific United States objectives for the negotiations, and 
        whether the President intends to seek an agreement, or changes 
        to an existing agreement;
            (2) before and after submission of the notice, consult 
        regarding the negotiations with the Committee on Finance of the 
        Senate and the Committee on Ways and Means of the House of 
        Representatives, such other committees of the House and Senate 
        as the President deems appropriate, and the Congressional 
        Oversight group convened under section 7; and
            (3) upon the request of a majority of the members of the 
        Congressional Oversight Group under section 7(c), meet with the 
        Congressional Oversight Group before initiating the 
        negotiations or at any other time concerning the negotiations.
    (b) Negotiations Regarding Agriculture and Fishing Industry.--
            (1) In general.--Before initiating or continuing 
        negotiations the subject matter of which is directly related to 
        the subject matter under section 2(b)(10)(A)(i) with any 
        country, the President shall assess whether United States 
        tariffs on agricultural products that were bound under the 
        Uruguay Round Agreements are lower than the tariffs bound by 
        that country. In addition, the President shall consider whether 
        the tariff levels bound and applied throughout the world with 
        respect to imports from the United States are higher than 
        United States tariffs and whether the negotiation provides an 
        opportunity to address any such disparity. The President shall 
        consult with the Committee on Ways and Means and the Committee 
        on Agriculture of the House of Representatives and the 
        Committee on Finance and the Committee on Agriculture, 
        Nutrition, and Forestry of the Senate concerning the results of 
        the assessment, whether it is appropriate for the United States 
        to agree to further tariff reductions based on the conclusions 
        reached in the assessment, and how all applicable negotiating 
        objectives will be met.
            (2) Special consultations on import sensitive products.--
                    (A) In general.--Before initiating negotiations 
                with regard to agriculture, and, with respect to the 
                Free Trade Area for the Americas and negotiations with 
                regard to agriculture under the auspices of the World 
                Trade Organization, as soon as practicable after the 
                enactment of this Act, the United States Trade 
                Representative shall--
                            (i) identify those agricultural products 
                        subject to tariff-rate quotas on the date of 
                        enactment of this Act, and agricultural 
                        products subject to tariff reductions by the 
                        United States as a result of the Uruguay Round 
                        Agreements, for which the rate of duty was 
                        reduced on January 1, 1995, to a rate which was 
                        not less than 97.5 percent of the rate of duty 
                        that applied to such article on December 31, 
                        1994;
                            (ii) consult with the Committee on Ways and 
                        Means and the Committee on Agriculture of the 
                        House of Representatives and the Committee on 
                        Finance and the Committee on Agriculture, 
                        Nutrition, and Forestry of the Senate 
                        concerning--
                                    (I) whether any further tariff 
                                reductions on the products identified 
                                under clause (i) should be appropriate, 
                                taking into account the impact of any 
                                such tariff reduction on the United 
                                States industry producing the product 
                                concerned;
                                    (II) whether the products so 
                                identified face unjustified sanitary or 
                                phytosanitary restrictions, including 
                                those not based on scientific 
                                principles in contravention of the 
                                Uruguay Round Agreements; and
                                    (III) whether the countries 
                                participating in the negotiations 
                                maintain export subsidies or other 
                                programs, policies, or practices that 
                                distort world trade in such products 
                                and the impact of such programs, 
                                policies, and practices on United 
                                States producers of the products;
                            (iii) request that the International Trade 
                        Commission prepare an assessment of the 
                        probable economic effects of any such tariff 
                        reduction on the United States industry 
                        producing the product concerned and on the 
                        United States economy as a whole; and
                            (iv) upon complying with clauses (i), (ii), 
                        and (iii), notify the Committee on Ways and 
                        Means and the Committee on Agriculture of the 
                        House of Representatives and the Committee on 
                        Finance and the Committee on Agriculture, 
                        Nutrition, and Forestry of the Senate of those 
                        products identified under clause (i) for which 
                        the Trade Representative intends to seek tariff 
                        liberalization in the negotiations and the 
                        reasons for seeking such tariff liberalization.
                    (B) Identification of additional agricultural 
                products.--If, after negotiations described in 
                subparagraph (A) are commenced--
                            (i) the United States Trade Representative 
                        identifies any additional agricultural product 
                        described in subparagraph (A)(i) for tariff 
reductions which were not the subject of a notification under 
subparagraph (A)(iv), or
                            (ii) any additional agricultural product 
                        described in subparagraph (A)(i) is the subject 
                        of a request for tariff reductions by a party 
                        to the negotiations,
                the Trade Representative shall, as soon as practicable, 
                notify the committees referred to in subparagraph 
                (A)(iv) of those products and the reasons for seeking 
                such tariff reductions.
            (3) Negotiations regarding the fishing industry.--Before 
        initiating, or continuing, negotiations which directly relate 
        to fish or shellfish trade with any country, the President 
        shall consult with the Committee on Ways and Means and the 
        Committee on Resources of the House of Representatives, and the 
        Committee on Finance and the Committee on Commerce, Science, 
        and Transportation of the Senate, and shall keep the Committees 
        apprised of negotiations on an ongoing and timely basis.
    (c) Negotiations Regarding Textiles.--Before initiating or 
continuing negotiations the subject matter of which is directly related 
to textiles and apparel products with any country, the President shall 
assess whether United States tariffs on textile and apparel products 
that were bound under the Uruguay Round Agreements are lower than the 
tariffs bound by that country and whether the negotiation provides an 
opportunity to address any such disparity. The President shall consult 
with the Committee on Ways and Means of the House of Representatives 
and the Committee on Finance of the Senate concerning the results of 
the assessment, whether it is appropriate for the United States to 
agree to further tariff reductions based on the conclusions reached in 
the assessment, and how all applicable negotiating objectives will be 
met.
    (d) Consultation With Congress Before Agreements Entered Into.--
            (1) Consultation.--Before entering into any trade agreement 
        under section 3(b), the President shall consult with--
                    (A) the Committee on Ways and Means of the House of 
                Representatives and the Committee on Finance of the 
                Senate;
                    (B) each other committee of the House and the 
                Senate, and each joint committee of the Congress, which 
                has jurisdiction over legislation involving subject 
                matters which would be affected by the trade agreement; 
                and
                    (C) the Congressional Oversight Group convened 
                under section 7.
            (2) Scope.--The consultation described in paragraph (1) 
        shall include consultation with respect to--
                    (A) the nature of the agreement;
                    (B) how and to what extent the agreement will 
                achieve the applicable purposes, policies, priorities, 
                and objectives of this Act; and
                    (C) the implementation of the agreement under 
                section 5, including the general effect of the 
                agreement on existing laws.
            (3) Report regarding united states trade remedy laws.--
                    (A) Changes in certain trade laws.--The President, 
                at least 90 calendar days before the day on which the 
                President enters into a trade agreement, shall notify 
                the Committee on Ways and Means of the House of 
                Representatives and the Committee on Finance of the 
                Senate in writing of any amendments to title VII of the 
                Tariff Act of 1930 or chapter 1 of title II of the 
                Trade Act of 1974 that the President proposes to 
                include in a bill implementing such trade agreement.
                    (B) Explanation.--On the date that the President 
                transmits the notification, the President also shall 
                transmit to the Committees a report explaining--
                            (i) the President's reasons for believing 
                        that amendments to title VII of the Tariff Act 
                        of 1930 or to chapter 1 of title II of the 
                        Trade Act of 1974 are necessary to implement 
                        the trade agreement; and
                            (ii) the President's reasons for believing 
                        that such amendments are consistent with the 
                        purposes, policies, and objectives described in 
                        section 2(c)(9).
                    (C) Report to house.--Not later than 60 calendar 
                days after the date on which the President transmits 
                the notification described in subparagraph (A), the 
                Chairman and ranking member of the Ways and Means 
                Committee of the House of Representatives, based on 
                consultations with the members of that Committee, shall 
                issue to the House of Representatives a report stating 
                whether the proposed amendments described in the 
                President's notification are consistent with the 
                purposes, policies, and objectives described in section 
                2(c)(9). In the event that the Chairman and ranking 
                member disagree with respect to one or more 
                conclusions, the report shall contain the separate 
                views of the Chairman and ranking member.
                    (D) Report to senate.--Not later than 60 calendar 
                days after the date on which the President transmits 
                the notification described in subparagraph (A), the 
                Chairman and ranking member of the Finance Committee of 
                the Senate, based on consultations with the members of 
                that Committee, shall issue to the Senate a report 
                stating whether the proposed amendments described in 
                the President's report are consistent with the 
                purposes, policies, and objectives described in section 
                2(c)(9). In the event that the Chairman and ranking 
                member disagree with respect to one or more 
                conclusions, the report shall contain the separate 
                views of the Chairman and ranking member.
    (e) Advisory Committee Reports.--The report required under section 
135(e)(1) of the Trade Act of 1974 regarding any trade agreement 
entered into under section 3(a) or (b) of this Act 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 3(a)(1) or 5(a)(1)(A) of the President's 
intention to enter into the agreement.
    (f) ITC Assessment.--
            (1) In general.--The President, at least 90 calendar days 
        before the day on which the President enters into a trade 
        agreement under section 3(b), shall provide the International 
        Trade Commission (referred to in this subsection as ``the 
        Commission'') with the details of the agreement as it exists at 
        that time and request the Commission to prepare and submit an 
        assessment of the agreement as described in paragraph (2). 
        Between the time the President makes the request under this 
        paragraph and the time the Commission submits the assessment, 
        the President shall keep the Commission current with respect to 
        the details of the agreement.
            (2) ITC assessment.--Not later than 90 calendar days after 
        the President enters into the agreement, the Commission shall 
        submit to the President and the Congress a report assessing the 
        likely impact of the agreement on the United States economy as 
        a whole and on specific industry sectors, including the impact 
        the agreement will have on the gross domestic product, exports 
        and imports, aggregate employment and employment opportunities, 
        the production, employment, and competitive position of 
        industries likely to be significantly affected by the 
        agreement, and the interests of United States consumers.
            (3) Review of empirical literature.--In preparing the 
        assessment, the Commission shall review available economic 
        assessments regarding the agreement, including literature 
        regarding any substantially equivalent proposed agreement, and 
        shall provide in its assessment a description of the analyses 
        used and conclusions drawn in such literature, and a discussion 
        of areas of consensus and divergence between the various 
        analyses and conclusions, including those of the Commission 
        regarding the agreement.

SEC. 5. IMPLEMENTATION OF TRADE AGREEMENTS.

    (a) In General.--
            (1) Notification and submission.--Any agreement entered 
        into under section 3(b) shall enter into force with respect to 
        the United States if (and only if)--
                    (A) the President, at least 90 calendar days before 
                the day on which the President enters into an 
                agreement--
                            (i) 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; and
                            (ii) transmits to the Committee on Ways and 
                        Means of the House of Representatives and the 
                        Committee on Finance of the Senate the 
                        notification and report described in section 
                        4(d)(3) (A) and (B);
                    (B) within 60 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;
                    (C) after entering into the agreement, the 
                President submits to the Congress, on a day on which 
                both Houses of Congress are in session, a copy of the 
                final legal text of the agreement, together with--
                            (i) a draft of an implementing bill 
                        described in section 3(b)(3);
                            (ii) a statement of any administrative 
                        action proposed to implement the trade 
                        agreement; and
                            (iii) the supporting information described 
                        in paragraph (2); and
                    (D) the implementing bill is enacted into law.
            (2) Supporting information.--The supporting information 
        required under paragraph (1)(C)(iii) consists of--
                    (A) an explanation as to how the implementing bill 
                and proposed administrative action will change or 
                affect existing law; and
                    (B) a statement--
                            (i) asserting that the agreement makes 
                        progress in achieving the applicable purposes, 
                        policies, priorities, and objectives of this 
                        Act; and
                            (ii) setting forth the reasons of the 
                        President regarding--
                                    (I) how and to what extent the 
                                agreement makes progress in achieving 
                                the applicable purposes, policies, and 
                                objectives referred to in clause (i);
                                    (II) whether and how the agreement 
                                changes provisions of an agreement 
                                previously negotiated;
                                    (III) how the agreement serves the 
                                interests of United States commerce;
                                    (IV) how the implementing bill 
                                meets the standards set forth in 
                                section 3(b)(3);
                                    (V) how and to what extent the 
                                agreement makes progress in achieving 
                                the applicable purposes, policies, and 
                                objectives referred to in section 2(c) 
                                regarding the promotion of certain 
                                priorities; and
                                    (VI) in the event that the reports 
                                described in section 4(b)(3) (C) and 
                                (D) contain any findings that the 
                                proposed amendments are inconsistent 
                                with the purposes, policies, and 
                                objectives described in section 
                                2(c)(9), an explanation as to why the 
                                President believes such findings to be 
                                incorrect.
            (3) Reciprocal benefits.--In order to ensure that a foreign 
        country that is not a party to a trade agreement entered into 
        under section 3(b) does not receive benefits under the 
        agreement unless the country is also subject to the obligations 
        under the agreement, the implementing bill submitted with 
        respect to the agreement shall provide that the benefits and 
        obligations under the agreement apply only to the parties to 
        the agreement, if such application is consistent with the terms 
        of the agreement. The implementing bill may also provide that 
        the benefits and obligations under the agreement do not apply 
        uniformly to all parties to the agreement, if such application 
        is consistent with the terms of the agreement.
            (4) Disclosure of commitments.--Any agreement or other 
        understanding with a foreign government or governments (whether 
        oral or in writing) that--
                    (A) relates to a trade agreement with respect to 
                which Congress enacts implementing legislation under 
                trade authorities procedures, and
                    (B) is not disclosed to Congress before legislation 
                implementing that agreement is introduced in either 
                House of Congress,
        shall not be considered to be part of the agreement approved by 
        Congress and shall have no force and effect under United States 
        law or in any dispute settlement body.
    (b) Limitations on Trade Authorities Procedures.--
            (1) For lack of notice or consultations.--
                    (A) In general.--The trade authorities procedures 
                shall not apply to any implementing bill submitted with 
respect to a trade agreement or trade agreements entered into under 
section 3(b) if during the 60-day period beginning on the date that one 
House of Congress agrees to a procedural disapproval resolution for 
lack of notice or consultations with respect to such trade agreement or 
agreements, the other House separately agrees to a procedural 
disapproval resolution with respect to such trade agreement or 
agreements.
                    (B) Procedural disapproval resolution.--(i) For 
                purposes of this paragraph, the term ``procedural 
                disapproval resolution'' means a resolution of either 
                House of Congress, the sole matter after the resolving 
                clause of which is as follows: ``That the President has 
                failed or refused to notify or consult in accordance 
                with the Bipartisan Trade Promotion Authority Act of 
                2002 on negotiations with respect to ____________ and, 
                therefore, the trade authorities procedures under that 
                Act shall not apply to any implementing bill submitted 
                with respect to such trade agreement or agreements.'', 
                with the blank space being filled with a description of 
                the trade agreement or agreements with respect to which 
                the President is considered to have failed or refused 
                to notify or consult.
                    (ii) For purposes of clause (i), the President has 
                ``failed or refused to notify or consult in accordance 
                with the Bipartisan Trade Promotion Authority Act of 
                2002'' on negotiations with respect to a trade 
                agreement or trade agreements if--
                            (I) the President has failed or refused to 
                        consult (as the case may be) in accordance with 
                        section 4 or 5 with respect to the 
                        negotiations, agreement, or agreements;
                            (II) guidelines under section 7(b) have not 
                        been developed or met with respect to the 
                        negotiations, agreement, or agreements;
                            (III) the President has not met with the 
                        Congressional Oversight Group pursuant to a 
                        request made under section 7(c) with respect to 
                        the negotiations, agreement, or agreements; or
                            (IV) the agreement or agreements fail to 
                        make progress in achieving the purposes, 
                        policies, priorities, and objectives of this 
                        Act.
                    (C) Procedures for considering resolutions.--(i) 
                Procedural disapproval resolutions--
                            (I) in the House of Representatives--
                                    (aa) may be introduced by any 
                                Member of the House;
                                    (bb) shall be referred to the 
                                Committee on Ways and Means and, in 
                                addition, to the Committee on Rules; 
                                and
                                    (cc) may not be amended by either 
                                Committee; and
                            (II) in the Senate--
                                    (aa) may be introduced by any 
                                Member of the Senate.
                                    (bb) shall be referred to the 
                                Committee on Finance; and
                                    (cc) may not be amended.
                    (ii) The provisions of section 152(d) and (e) of 
                the Trade Act of 1974 (19 U.S.C. 2192(d) and (e)) 
                (relating to the floor consideration of certain 
                resolutions in the House and Senate) apply to a 
                procedural disapproval resolution introduced with 
                respect to a trade agreement if no other procedural 
                disapproval resolution with respect to that trade 
                agreement has previously been considered under such 
                provisions of section 152 of the Trade Act of 1974 in 
                that House of Congress during that Congress.
                    (iii) It is not in order for the House of 
                Representatives to consider any procedural disapproval 
                resolution not reported by the Committee on Ways and 
                Means and, in addition, by the Committee on Rules.
                    (iv) It is not in order for the Senate to consider 
                any procedural disapproval resolution not reported by 
                the Committee on Finance.
            (2) For failure to meet other requirements.--Prior to 
        December 31, 2002, the Secretary of Commerce shall transmit to 
        Congress a report setting forth the strategy of the United 
        States for correcting instances in which dispute settlement 
        panels and the Appellate Body of the WTO have added to 
        obligations or diminished rights of the United States, as 
        described in section 1(b)(3). Trade authorities procedures 
        shall not apply to any implementing bill with respect to an 
        agreement negotiated under the auspices of the WTO, unless the 
        Secretary of Commerce has issued such report in a timely 
        manner.
    (c) Rules of House of Representatives and Senate.--Subsection (b) 
of this section and section 3(c) are enacted by the Congress--
            (1) as an exercise of the rulemaking power of the House of 
        Representatives and the Senate, respectively, and as such are 
        deemed a part of the rules of each House, respectively, and 
        such procedures supersede other rules only to the extent that 
        they are inconsistent with such other rules; and
            (2) with the full recognition of the constitutional right 
        of either House to change the rules (so far as relating to the 
        procedures of that House) at any time, in the same manner, and 
        to the same extent as any other rule of that House.

SEC. 6. TREATMENT OF CERTAIN TRADE AGREEMENTS FOR WHICH NEGOTIATIONS 
              HAVE ALREADY BEGUN.

    (a) Certain Agreements.--Notwithstanding the prenegotiation 
notification and consultation requirement described in section 4(a), if 
an agreement to which section 3(b) applies--
            (1) is entered into under the auspices of the World Trade 
        Organization,
            (2) is entered into with Chile,
            (3) is entered into with Singapore, or
            (4) establishes a Free Trade Area for the Americas,
and results from negotiations that were commenced before the date of 
the enactment of this Act, subsection (b) shall apply.
    (b) Treatment of Agreements.--In the case of any agreement to which 
subsection (a) applies--
            (1) the applicability of the trade authorities procedures 
        to implementing bills shall be determined without regard to the 
        requirements of section 4(a) (relating only to 90 days notice 
        prior to initiating negotiations), and any procedural 
        disapproval resolution under section 5(b)(1)(B) shall not be in 
        order on the basis of a failure or refusal to comply with the 
        provisions of section 4(a); and
            (2) the President shall, as soon as feasible after the 
        enactment of this Act--
                    (A) notify the Congress of the negotiations 
                described in subsection (a), the specific United States 
                objectives in the negotiations, and whether the 
                President is seeking a new agreement or changes to an 
                existing agreement; and
                    (B) before and after submission of the notice, 
                consult regarding the negotiations with the committees 
referred to in section 4(a)(2) and the Congressional Oversight Group.

SEC. 7. CONGRESSIONAL OVERSIGHT GROUP.

    (a) Members and Functions.--
            (1) In general.--By not later than 60 days after the date 
        of the enactment of this Act, and not later than 30 days after 
        the convening of each Congress, the chairman of the Committee 
        on Ways and Means of the House of Representatives and the 
        chairman of the Committee on Finance of the Senate shall 
        convene the Congressional Oversight Group.
            (2) Membership from the house.--In each Congress, the 
        Congressional Oversight Group shall be comprised of the 
        following Members of the House of Representatives:
                    (A) The chairman and ranking member of the 
                Committee on Ways and Means, and 3 additional members 
                of such Committee (not more than 2 of whom are members 
                of the same political party).
                    (B) The chairman and ranking member, or their 
                designees, of the committees of the House of 
                Representatives which would have, under the Rules of 
                the House of Representatives, jurisdiction over 
                provisions of law affected by a trade agreement 
                negotiations for which are conducted at any time during 
                that Congress and to which this Act would apply.
            (3) Membership from the senate.--In each Congress, the 
        Congressional Oversight Group shall also be comprised of the 
        following members of the Senate:
                    (A) The chairman and ranking Member of the 
                Committee on Finance and 3 additional members of such 
                Committee (not more than 2 of whom are members of the 
                same political party).
                    (B) The chairman and ranking member, or their 
                designees, of the committees of the Senate which would 
                have, under the Rules of the Senate, jurisdiction over 
                provisions of law affected by a trade agreement 
                negotiations for which are conducted at any time during 
                that Congress and to which this Act would apply.
            (4) Accreditation.--Each member of the Congressional 
        Oversight Group described in paragraph (2)(A) and (3)(A) shall 
        be accredited by the United States Trade Representative on 
        behalf of the President as official advisers to the United 
        States delegation in negotiations for any trade agreement to 
        which this Act applies. Each member of the Congressional 
        Oversight Group described in paragraph (2)(B) and (3)(B) shall 
        be accredited by the United States Trade Representative on 
        behalf of the President as official advisers to the United 
        States delegation in the negotiations by reason of which the 
        member is in the Congressional Oversight Group. The 
        Congressional Oversight Group shall consult with and provide 
        advice to the Trade Representative regarding the formulation of 
        specific objectives, negotiating strategies and positions, the 
        development of the applicable trade agreement, and compliance 
        and enforcement of the negotiated commitments under the trade 
        agreement.
            (5) Chair.--The Congressional Oversight Group shall be 
        chaired by the Chairman of the Committee on Ways and Means of 
        the House of Representatives and the Chairman of the Committee 
        on Finance of the Senate.
    (b) Guidelines.--
            (1) Purpose and revision.--The United States Trade 
        Representative, in consultation with the chairmen and ranking 
        minority members of the Committee on Ways and Means of the 
        House of Representatives and the Committee on Finance of the 
        Senate--
                    (A) shall, within 120 days after the date of the 
                enactment of this Act, develop written guidelines to 
                facilitate the useful and timely exchange of 
                information between the Trade Representative and the 
                Congressional Oversight Group established under this 
                section; and
                    (B) may make such revisions to the guidelines as 
                may be necessary from time to time.
            (2) Content.--The guidelines developed under paragraph (1) 
        shall provide for, among other things--
                    (A) regular, detailed briefings of the 
                Congressional Oversight Group regarding negotiating 
                objectives, including the promotion of certain 
                priorities referred to in section 2(c), and positions 
                and the status of the applicable negotiations, 
                beginning as soon as practicable after the 
                Congressional Oversight Group is convened, with more 
                frequent briefings as trade negotiations enter the 
                final stage;
                    (B) access by members of the Congressional 
                Oversight Group, and staff with proper security 
                clearances, to pertinent documents relating to the 
                negotiations, including classified materials;
                    (C) the closest practicable coordination between 
                the Trade Representative and the Congressional 
                Oversight Group at all critical periods during the 
                negotiations, including at negotiation sites;
                    (D) after the applicable trade agreement is 
                concluded, consultation regarding ongoing compliance 
                and enforcement of negotiated commitments under the 
                trade agreement; and
                    (E) the time frame for submitting the report 
                required under section 2(c)(8).
    (c) Request for Meeting.--Upon the request of a majority of the 
Congressional Oversight Group, the President shall meet with the 
Congressional Oversight Group before initiating negotiations with 
respect to a trade agreement, or at any other time concerning the 
negotiations.

SEC. 8. ADDITIONAL IMPLEMENTATION AND ENFORCEMENT REQUIREMENTS.

    (a) In General.--At the time the President submits to the Congress 
the final text of an agreement pursuant to section 5(a)(1)(C), the 
President shall also submit a plan for implementing and enforcing the 
agreement. The implementation and enforcement plan shall include the 
following:
            (1) Border personnel requirements.--A description of 
        additional personnel required at border entry points, including 
        a list of additional customs and agricultural inspectors.
            (2) Agency staffing requirements.--A description of 
        additional personnel required by Federal agencies responsible 
        for monitoring and implementing the trade agreement, including 
        personnel required by the Office of the United States Trade 
        Representative, the Department of Commerce, the Department of 
        Agriculture (including additional personnel required to 
        implement sanitary and phytosanitary measures in order to 
        obtain market access for United States exports), the Department 
        of the Treasury, and such other agencies as may be necessary.
            (3) Customs infrastructure requirements.--A description of 
        the additional equipment and facilities needed by the United 
        States Customs Service.
            (4) Impact on state and local governments.--A description 
        of the impact the trade agreement will have on State and local 
        governments as a result of increases in trade.
            (5) Cost analysis.--An analysis of the costs associated 
        with each of the items listed in paragraphs (1) through (4).
    (b) Budget Submission.--The President shall include a request for 
the resources necessary to support the plan described in subsection (a) 
in the first budget that the President submits to the Congress after 
the submission of the plan.

SEC. 9. COMMITTEE STAFF.

    The grant of trade promotion authority under this Act is likely to 
increase the activities of the primary committees of jurisdiction in 
the area of international trade. In addition, the creation of the 
Congressional Oversight Group under section 7 will increase the 
participation of a broader number of Members of Congress in the 
formulation of United States trade policy and oversight of the 
international trade agenda for the United States. The primary 
committees of jurisdiction should have adequate staff to accommodate 
these increases in activities.

SEC. 10. CONFORMING AMENDMENTS.

    (a) In General.--Title I of the Trade Act of 1974 (19 U.S.C. 2111 
et seq.) is amended as follows:
            (1) Implementing bill.--
                    (A) Section 151(b)(1) (19 U.S.C. 2191(b)(1)) is 
                amended by striking ``section 1103(a)(1) of the Omnibus 
                Trade and Competitiveness Act of 1988, or section 282 
                of the Uruguay Round Agreements Act'' and inserting 
                ``section 282 of the Uruguay Round Agreements Act, or 
                section 5(a)(1) of the Bipartisan Trade Promotion 
                Authority Act of 2002''.
                    (B) Section 151(c)(1) (19 U.S.C. 2191(c)(1)) is 
                amended by striking ``or section 282 of the Uruguay 
                Round Agreements Act'' and inserting ``, section 282 of 
                the Uruguay Round Agreements Act, or section 5(a)(1) of 
                the Bipartisan Trade Promotion Authority Act of 2002''.
            (2) Advice from international trade commission.--Section 
        131 (19 U.S.C. 2151) is amended--
                    (A) in subsection (a)--
                            (i) in paragraph (1), by striking ``section 
                        123 of this Act or section 1102 (a) or (c) of 
                        the Omnibus Trade and Competitiveness Act of 
                        1988,'' and inserting ``section 123 of this Act 
                        or section 3(a) or (b) of the Bipartisan Trade 
                        Promotion Authority Act of 2002,''; and
                            (ii) in paragraph (2), by striking 
                        ``section 1102 (b) or (c) of the Omnibus Trade 
                        and Competitiveness Act of 1988'' and inserting 
                        ``section 3(b) of the Bipartisan Trade 
                        Promotion Authority Act of 2002'';
                    (B) in subsection (b), by striking ``section 
                1102(a)(3)(A)'' and inserting ``section 3(a)(3)(A) of 
                the Bipartisan Trade Promotion Authority Act of 2002''; 
                and
                    (C) in subsection (c), by striking ``section 1102 
                of the Omnibus Trade and Competitiveness Act of 1988,'' 
                and inserting ``section 3 of the Bipartisan Trade 
                Promotion Authority Act of 2002,''.
            (3) Hearings and advice.--Sections 132, 133(a), and 134(a) 
        (19 U.S.C. 2152, 2153(a), and 2154(a)) are each amended by 
        striking ``section 1102 of the Omnibus Trade and 
        Competitiveness Act of 1988,'' each place it appears and 
        inserting ``section 3 of the Bipartisan Trade Promotion 
        Authority Act of 2002,''.
            (4) Prerequisites for offers.--Section 134(b) (19 U.S.C. 
        2154(b)) is amended by striking ``section 1102 of the Omnibus 
        Trade and Competitiveness Act of 1988'' and inserting ``section 
        3 of the Bipartisan Trade Promotion Authority Act of 2002''.
            (5) Advice from private and public sectors.--Section 135 
        (19 U.S.C. 2155) is amended--
                    (A) in subsection (a)(1)(A), by striking ``section 
                1102 of the Omnibus Trade and Competitiveness Act of 
                1988'' and inserting ``section 3 of the Bipartisan 
                Trade Promotion Authority Act of 2002'';
                    (B) in subsection (e)(1)--
                            (i) by striking ``section 1102 of the 
                        Omnibus Trade and Competitiveness Act of 1988'' 
                        each place it appears and inserting ``section 3 
                        of the Bipartisan Trade Promotion Authority Act 
                        of 2002''; and
                            (ii) by striking ``not later than the date 
                        on which the President notifies the Congress 
                        under section 1103(a)(1)(A) of such Act of 1988 
                        of his intention to enter into that agreement'' 
                        and inserting ``not later than the date that is 
                        30 days after the date on which the President 
                        notifies the Congress under section 5(a)(1)(A) 
                        of the Bipartisan Trade Promotion Authority Act 
                        of 2002 of the President's intention to enter 
                        into that agreement''; and
                    (C) in subsection (e)(2), by striking ``section 
                1101 of the Omnibus Trade and Competitiveness Act of 
                1988'' and inserting ``section 2 of the Bipartisan 
                Trade Promotion Authority Act of 2002''.
            (6) Transmission of agreements to congress.--Section 162(a) 
        (19 U.S.C. 2212(a)) is amended by striking ``or under section 
        1102 of the Omnibus Trade and Competitiveness Act of 1988'' and 
        inserting ``or under section 3 of the Bipartisan Trade 
        Promotion Authority Act of 2002''.
    (b) Application of Certain Provisions.--For purposes of applying 
sections 125, 126, and 127 of the Trade Act of 1974 (19 U.S.C. 2135, 
2136(a), and 2137)--
            (1) any trade agreement entered into under section 3 shall 
        be treated as an agreement entered into under section 101 or 
        102, as appropriate, of the Trade Act of 1974 (19 U.S.C. 2111 
        or 2112); and
            (2) any proclamation or Executive order issued pursuant to 
        a trade agreement entered into under section 3 shall be treated 
        as a proclamation or Executive order issued pursuant to a trade 
        agreement entered into under section 102 of the Trade Act of 
        1974.

SEC. 11. REPORT ON IMPACT OF TRADE PROMOTION AUTHORITY.

    (a) In General.--Not later than 1 year after the date of enactment 
of this Act, the International Trade Commission shall report to the 
Committee on Finance of the Senate and the Committee on Ways and Means 
of the House of Representatives regarding the economic impact on the 
United States of the trade agreements described in subsection (b).
    (b) Agreements.--The trade agreements described in this subsection 
are:
            (1) The United States-Israel Free Trade Agreement.
            (2) The United States-Canada Free Trade Agreement.
            (3) The North American Free Trade Agreement.
            (4) The Uruguay Round Agreements.
            (5) The Tokyo Round of Multilateral Trade Negotiations.

SEC. 12. IDENTIFICATION OF SMALL BUSINESS ADVOCATE AT WTO.

    (a) In General.--The United States Trade Representative shall 
pursue the identification of a small business advocate at the World 
Trade Organization Secretariat to examine the impact of WTO agreements 
on the interests of small- and medium-sized enterprises, address the 
concerns of small- and medium-sized enterprises, and recommend ways to 
address those interests in trade negotiations involving the World Trade 
Organization.
    (b) Assistant Trade Representative.--The Assistant United States 
Trade Representative for Industry and Telecommunications shall be 
responsible for ensuring that the interests of small business are 
considered in all trade negotiations in accordance with the objective 
described in section 2(a)(8). It is the sense of Congress that the 
small business functions should be reflected in the title of the 
Assistant United States Trade Representative assigned the 
responsibility for small business.
    (c) Report.--Not later than 1 year after the date of enactment of 
this Act, and annually thereafter, the United States Trade 
Representative shall prepare and submit a report to the Committee on 
Finance of the Senate and the Committee on Ways and Means of the House 
of Representatives on the steps taken by the United States Trade 
Representative to pursue the identification of a small business 
advocate at the World Trade Organization.

SEC. 13. DEFINITIONS.

    In this Act:
            (1) Agreement on agriculture.--The term ``Agreement on 
        Agriculture'' means the agreement referred to in section 
        101(d)(2) of the Uruguay Round Agreements Act (19 U.S.C. 
        3511(d)(2)).
            (2) Core labor standards.--The term ``core labor 
        standards'' means--
                    (A) the right of association;
                    (B) the right to organize and bargain collectively;
                    (C) a prohibition on the use of any form of forced 
                or compulsory labor;
                    (D) a minimum age for the employment of children; 
                and
                    (E) acceptable conditions of work with respect to 
                minimum wages, hours of work, and occupational safety 
                and health.
            (3) GATT 1994.--The term ``GATT 1994'' has the meaning 
        given that term in section 2 of the Uruguay Round Agreements 
        Act (19 U.S.C. 3501).
            (4) ILO.--The term ``ILO'' means the International Labor 
        Organization.
            (5) United states person.--The term ``United States 
        person'' means--
                    (A) a United States citizen;
                    (B) a partnership, corporation, or other legal 
                entity organized under the laws of the United States; 
                and
                    (C) a partnership, corporation, or other legal 
                entity that is organized under the laws of a foreign 
                country and is controlled by entities described in 
                subparagraph (B) or United States citizens, or both.
            (6) Uruguay round agreements.--The term ``Uruguay Round 
        Agreements'' has the meaning given that term in section 2(7) of 
        the Uruguay Round Agreements Act (19 U.S.C. 3501(7)).
            (7) World trade organization; wto.--The terms ``World Trade 
        Organization'' and ``WTO'' mean the organization established 
        pursuant to the WTO Agreement.
            (8) WTO agreement.--The term ``WTO Agreement'' means the 
        Agreement Establishing the World Trade Organization entered 
        into on April 15, 1994.




                                                       Calendar No. 319

107th CONGRESS

  2d Session

                               H. R. 3005

                          [Report No. 107-139]

_______________________________________________________________________

                                 AN ACT

To extend trade authorities procedures with respect to reciprocal trade 
                              agreements.

_______________________________________________________________________

                           February 28, 2002

                       Reported with an amendment