[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3933 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3933

            To extend the generalized system of preferences.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 25, 2006

  Mr. Inhofe introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
            To extend the generalized system of preferences.

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

SECTION 1. EXTENSION OF GENERALIZED SYSTEM OF PREFERENCES.

    (a) In General.--Section 505 of the Trade Act of 1974 (19 U.S. C. 
2465) is amended by striking ``December 31, 2006'' and inserting 
``December 31, 2009''.
    (b) Factor Affecting Country Designation.--In addition to the 
factors affecting a country's designation as a beneficiary developing 
country listed under section 502(c) of the Trade Act of 1974 and the 
factors affecting the designation of a country as a beneficiary sub-
Saharan African country under section 506A of such Act, the President 
may take into account the country's position and level of cooperation 
with the United States in multilateral trade negotiations.
    (c) Effective Date.--The provisions of this section shall take 
effect on the date that is 15 days after the date of the enactment of 
this Act.
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