II 109th CONGRESS 2d Session S. 3933 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.

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.