[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3967 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3967

To require the International Trade Commission to report on the specific 
impact of each free trade agreement in force with respect to the United 
      States on a sector-by-sector basis, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 28, 2006

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

_______________________________________________________________________

                                 A BILL


 
To require the International Trade Commission to report on the specific 
impact of each free trade agreement in force with respect to the United 
      States on a sector-by-sector basis, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Trade Agreement Assessment Act''.

SEC. 2. ITC REPORT.

    (a) In General.--Not later than 2 years after the date of the 
enactment of this Act, 5 years after the date of the enactment of this 
Act, and every 5 years thereafter, the International Trade Commission 
shall submit a report to Congress on each free trade agreement in force 
with respect to the United States. The report shall, with respect to 
each free trade agreement, contain an analysis and assessment of the 
analysis and predictions made by the International Trade Commission, 
the United States Trade Representative, and other Federal agencies, 
before implementation of the agreement and actual results of the 
agreement on the United States economy.
    (b) Contents of Report.--Each report required by subsection (a) 
shall contain the following:
            (1) With respect to the United States and each country that 
        is a party to a free trade agreement, an assessment and 
        quantitative analysis of how each agreement--
                    (A) is fostering economic growth;
                    (B) is improving living standards;
                    (C) is helping create jobs; and
                    (D) is reducing or eliminating barriers to trade 
                and investment.
            (2) An assessment and quantitative analysis of how each 
        agreement is meeting the specific objectives and goals set out 
        in connection with the implementation of that agreement, the 
        impact of the agreement on the United States economy as a 
        whole, and on specific industry sectors, including the impact 
        the agreement is having on--
                    (A) the gross domestic product;
                    (B) exports and imports;
                    (C) aggregate employment, and competitive positions 
                of industries;
                    (D) United States consumers; and
                    (E) the overall competitiveness of the United 
                States.
            (3) An assessment and quantitative analysis of how each 
        agreement is meeting the goals and objectives for the agreement 
        on a sector-by-sector basis, including--
                    (A) trade in goods;
                    (B) customs matters, rules or origin, and 
                enforcement cooperation;
                    (C) sanitary and phytosanitary measures;
                    (D) intellectual property rights;
                    (E) trade in services;
                    (F) electronic commerce;
                    (G) government procurement;
                    (H) transparency, anti-corruption; and regulatory 
                reform; and
                    (I) any other issues with respect to which the 
                International Trade Commission submitted a report under 
                section 2104(f) of the Bipartisan Trade Promotion 
                Authority Act of 2002.
            (4) A summary of how each country that is a party to an 
        agreement has changed its labor and environmental laws since 
        entry into force of the agreement.
            (5) An analysis of whether the agreement is making progress 
        in achieving the applicable purposes, policies, priorities, and 
        objectives of the Bipartisan Trade Promotion Authority Act of 
        2002.
                                 <all>