110 HR 3427 IH: To prohibit the revocation of waivers of the competitive U.S. House of Representatives 2007-08-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 3427 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.

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.