[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3427 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3427

     To prohibit the revocation of waivers of the competitive need 
 limitation under the Generalized System of Preferences program unless 
                      certain conditions are met.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 3, 2007

 Mr. McDermott (for himself, Mr. Rangel, Mr. Levin, and Mr. Wilson of 
 South Carolina) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
     To prohibit the revocation of waivers of the competitive need 
 limitation under the Generalized System of Preferences program unless 
                      certain conditions are met.

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

SECTION 1. PROHIBITION ON REVOCATION OF WAIVER OF COMPETITIVE NEED 
              LIMITATION UNDER GENERALIZED SYSTEM OF PREFERENCES 
              PROGRAM.

    (a) Amendment.--Clause (ii) of section 503(d)(4)(B) of the Trade 
Act of 1974 (19 U.S.C. 2463(d)(4)(B)) is amended--
            (1) in the matter preceding subclause (I)--
                    (A) by striking ``Not later than July 1 of each 
                year, the President'' and inserting ``The President''; 
                and
                    (B) by striking ``should revoke'' and inserting 
                ``may not revoke'';
            (2) in subclause (I), by striking the semicolon at the end 
        and inserting a comma;
            (3) in subclause (II), by striking the period at the end 
        and inserting a comma; and
            (4) by adding at the end the following new text:
                        ``unless the International Trade Commission 
                        determines that revocation of the waiver will 
                        not reduce the current level of exports from 
                        the beneficiary developing country to the 
                        United States; that revocation of the waiver 
                        will not materially benefit one or more 
                        countries that are not designated as 
                        beneficiary developing countries for purposes 
                        of this title; and that revocation will not 
                        materially benefit one or more countries with a 
                        higher volume of exports of the same product to 
                        the United States.''.
    (b) Effective Date.--The amendments made by subsection (a) apply 
with respect to any waiver that is in effect under section 503(d) of 
the Trade Act of 1974 with respect to an article on or after June 20, 
2007.
                                 <all>