[Congressional Record Volume 147, Number 7 (Monday, January 22, 2001)]
[Senate]
[Pages S410-S414]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. GRAMM:
  S. 136. A bill to amend the Omnibus trade and Competitiveness Act of 
1988 to extend trade negotiating and trade agreement implementing 
authority; to the Committee on Finance.
  S. 137. A bill to authorize negotiation of free trade agreements with 
countries of the Americas, and for other purposes; to the Committee on 
Finance.
  S. 138. A bill to authorize negotiation for the accession of Chile to 
the North American Free Trade. Agreement, and for other purposes; to 
the Committee on Finance.
  S. 140. A bill to authorize negotiation for the accession of United 
Kingdom to the North American Free Trade Agreement, and for other 
purposes; to the Committee on Finance.

[[Page S411]]

                     FOUR TRADE POLICY INITIATIVES

  Mr. GRAMM. Mr. President, trade has been very good for America and 
her people. Trade is our game, and we excel at it. In 1999, Americans 
exported a record $956 billion in goods and services. No other country 
even came close.
  Trade has brought untold benefits to our people not the least of 
which are high-paying jobs, increased consumer choice, increased 
economic competitiveness. When Pericles spoke of Athens in his Funeral 
Oration, he might well have been speaking of us: ``The magnitude of our 
city draws the produce of the world into our harbor, so that to the 
Athenian the fruits of other countries are as familiar a luxury as 
those of his own.'' Those who peddle defeatism as they clamor for 
protectionist measures are subverting our best means of growth. As 
President Reagan warmed in 1988, ``protectionism is destructionism.''
  Let me point out to my colleagues that it is not just the United 
States that profits. The whole world has benefitted from the expansion 
of trade among nations. Trade has been a wealth-generating machine the 
likes of which the world has never seen. By committing ourselves to an 
open world trade system, the US and its partners unleashed increasing 
economic growth and prosperity and brought hope and freedom to more 
people than any victory in any war in history. It is no wonder that the 
world trading system we know of as the WTO--formerly the GATT--has gone 
from a handful of nations in 1948 to some 140 nations today.
  My fervent goal has been to keep world trade expanding so that more 
people in more nations can enjoy what Pericles aptly called the 
``fruits'' of trade. We in America have been at the vanguard of trade 
liberalization efforts, both globally and regionally. We must continue 
that trend. Unfortunately, over recent years this nation has slid into 
an unwise hiatus in moving new global or regional trade liberalization 
initiatives. But this year, with a new President, committed to trade, 
we have a new opportunity before us. Now is the time for us to reassert 
our leadership, to set the pace for trade expansion throughout our 
hemisphere and throughout the world.
  Today I am introducing four pieces of legislation intended to get us 
started. The first bill, the Fast-Track Trade Negotiating Authority 
Act, would provide the President with much-needed fast track authority, 
so that he may expand trade by entering into trade agreements with our 
partners around the world. Fast track is key to unleashing the wealth-
generating machine of trade still further, to all corners of the world. 
It is long past time to reauthorize this critical provision.
  The second measure, the Americas Free Trade Act, would lead to the 
extension of free trade from Alaska to Cape Horn in our own hemisphere. 
It would provide the President with fast track authority for 
implementation of free trade agreements with any or all of the 33 other 
nations of the Western Hemisphere, for the benefit of its more than 800 
million residents. According to the 1994 agreement among the leaders of 
the Western Hemisphere, the Free Trade Agreement of the Americas should 
be concluded by 2005. Having fast track authority in hand will give our 
President the ability to move the FTAA talks forward dramatically and 
successfully.
  Both the third bill, the Chile NAFTA Accession Act, and the fourth 
bill, the United Kingdom NAFTA Accession Act, seek to build bridges 
with key trading partners in order to spur larger trade liberalization 
efforts. Chile is a critical trading partner in South America who has 
been knocking at the NAFTA door for some time. The United Kingdom is a 
key partner in Western Europe who by joining NAFTA can help keep Europe 
from erecting protectionist walls against the rest of the world. 
Agreements with these two important nations can keep trade 
liberalization moving forward.

  Mr. President, my commitment to this cause is longstanding. In 1986 I 
introduced legislation to begin negotiations for a free trade agreement 
with Mexico. In 1987, I introduced a bill that laid out a framework for 
negotiating a North American free trade area--a bill which later served 
as the basis for an amendment I offered to the 1988 trade bill and 
adopted by the Senate that authorized the negotiation of the NAFTA. In 
1989, I once again introduced trade legislation and called for a free 
agreement encompassing the entire Western Hemisphere. I have introduced 
similar legislation in each Congress since then. It is my hope that the 
bills I am introducing today will serve as the basis for successful 
trade legislation in the 107th Congress.
  I ask unanimous consent that the text of the Fast Track Trade 
Negotiating Authority Act, the Americas Free Trade Act, the Chile NAFTA 
Accession Act, and the United Kingdom NAFTA Accession Act, together 
with a summary of these bills, be printed in the Record.
  There being no objection, the materials were ordered to be printed in 
the Record, as follows:
       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 ``Fast Track Trade Negotiating 
     Authority Act''.

     SEC 2. AMENDMENTS TO TRADE NEGOTIATING AUTHORITY.

       (a) Extension.--Section 1102(a)(1)(A), (b)(1), and (c)(1) 
     of the Omnibus Trade and Competitiveness Act of 1988 (19 
     U.S.C. 2902(a)(1)(A), (b)(1), and (c)(1)) are amended by 
     striking ``June 1, 1993'' each place it appears and inserting 
     ``December 31, 2004''.
       (b) Conforming Amendment.--
       (1) Section 1102(a)(1) and (b)(1) of such Act are amended 
     by striking ``purposes, policies, and objectives of this 
     title'' each place it appears and inserting ``policies and 
     objectives of the United States''.
       (2) Section 1102(a)(2)(A) of such Act is amended by 
     striking ``August 23, 1988'' each place it appears and 
     inserting ``January 22, 2001''.
       (3) Subsections (b)(2) and (c)(3)(A) of section 1102 of 
     such Act are amended by striking ``applicable objectives 
     described in section 1101 of this title'' each place it 
     appears and inserting ``policies and objectives of the United 
     States''.
       (4) Subsection (d)(2)(B) of section 1102 of such Act is 
     amended by striking ``applicable purposes, policies, and 
     objectives of this title'' and inserting ``policies and 
     objectives of the United States''.
       (5) Section 1103(b)(1)(A) of such Act is amended by 
     striking ``June 1, 1991'' and inserting ``December 31, 
     2004''.
       (6) Subsection (a)(2)(B)(i) of section 1103 of such Act is 
     amended by striking ``applicable purposes, policies, and 
     objectives of this title'' and inserting ``policies and 
     objectives of the United States''.
                                  ____

       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 ``Americas Free Trade Act''.

     SEC. 2. FINDINGS.

       Congress makes the following findings:
       (1) The countries of the Western Hemisphere have enjoyed 
     more success in the twentieth century in the peaceful conduct 
     of their relations among themselves than have the countries 
     in the rest of the world.
       (2) The economic prosperity of the United States and its 
     trading partners in the Western Hemisphere is increased by 
     the reduction of trade barriers.
       (3) Trade protection endangers economic prosperity in the 
     United States and throughout the Western Hemisphere and 
     undermines civil liberty and constitutionally limited 
     government.
       (4) The successful establishment of a North American Free 
     Trade Area sets the pattern for the reduction of trade 
     barriers throughout the Western Hemisphere, enhancing 
     prosperity in place of the cycle of increasing trade barriers 
     and deepening poverty that results from a resort to 
     protectionism and trade retaliation.
       (5) The reduction of government interference in the foreign 
     and domestic sectors of a nation's economy and the 
     concomitant promotion of economic opportunity and freedoms 
     promote civil liberty and constitutionally limited 
     government.
       (6) Countries that observe a consistent policy of free 
     trade, the promotion of free enterprise and other economic 
     freedoms (including effective protection of private property 
     rights), and the removal of barriers to foreign direct 
     investment, in the context of constitutionally limited 
     government and minimal interference in the economy, will 
     follow the surest and most effective prescription to 
     alleviate poverty and provide for economic, social, and 
     political development.

     SEC. 3. FREE TRADE AREA FOR THE WESTERN HEMISPHERE.

       (a) In General.--The President shall take action to 
     initiate negotiations to obtain trade agreements with the 
     sovereign countries located in the Western Hemisphere, the 
     terms of which provide for the reduction and ultimate 
     elimination of tariffs and other nontariff barriers to trade, 
     for the purpose of promoting the eventual establishment of a 
     free trade area for the entire Western Hemisphere.
       (b) Reciprocal Basis.--An agreement entered into under 
     subsection (a) shall be reciprocal and provide mutual 
     reductions in trade barriers to promote trade, economic 
     growth, and employment.
       (c) Bilateral or Multilateral Basis.--Agreements may be 
     entered into under subsection (a) on a bilateral basis with 
     any foreign country described in that subsection or

[[Page S412]]

     on a multilateral basis with all of such countries or any 
     group of such countries.

     SEC. 4. FREE TRADE WITH FREE CUBA.

       (a) Restrictions Prior to Restoration of Freedom in Cuba.--
     The provisions of this Act shall not apply to Cuba unless the 
     President certifies to Congress that--
       (1) freedom has been restored in Cuba; and
       (2) the claims of United States citizens for compensation 
     for expropriated property have been appropriately addressed.
       (b) Standards for the Restoration of Freedom in Cuba.--The 
     President shall not make the certification that freedom has 
     been restored in Cuba, for purpose of subsection (a), unless 
     the President determines that--
       (1) a constitutionally guaranteed democratic government has 
     been established in Cuba with leaders chosen through free and 
     fair elections;
       (2) the rights of individuals to private property have been 
     restored and are effectively protected and broadly exercised 
     in Cuba;
       (3) Cuba has a currency that is fully convertible 
     domestically and internationally;
       (4) all political prisoners have been released in Cuba; and
       (5) the rights of free speech and freedom of the press in 
     Cuba are effectively guaranteed.
       (c) Priority for Free Trade With Free Cuba.--Upon making 
     the certification described in subsection (a), the President 
     shall give priority to the negotiation of a free trade 
     agreement with Cuba.

     SEC. 5 INTRODUCTION AND FAST-TRACK CONSIDERATION OF 
                   IMPLEMENTING BILLS.

       (a) Introduction in House and Senate.--When the President 
     submits to Congress a bill to implement a trade agreement 
     described in section 3, the bill shall be introduced (by 
     request) in the House and the Senate as described in section 
     151(c) of the Trade Act of 1974 (19 U.S.C. 2191(c)).
       (b) Restrictions on Content.--A bill to implement a trade 
     agreement described in section 3--
       (1) shall contain only provisions that are necessary to 
     implement the trade agreement; and
       (2) may not contain any provision that establishes (or 
     requires or authorizes the establishment of) a labor or 
     environmental protection standard or amends (or requires or 
     authorizes an amendment of) any labor or environmental 
     protection standard set forth in law or regulation.
       (c) Point of Order in Senate--
       (1) Applicability to all legislative forms of implementing 
     bill.--For the purposes of this subsection, the term 
     ``implementing bill'' means the following:
       (A) The bill.--A bill described in subsection (a), without 
     regard to whether that bill originated in the Senate or the 
     House of Representatives.
       (B) Amendment.--An amendment to a bill referred to in 
     subparagraph (A).
       (C) Conference report.--A conference report on a bill 
     referred to in subparagraph (A).
       (D) Amendment between houses.--An amendment between the 
     Houses of Congress in relation to a bill referred to in 
     subparagraph (A).
       (E) Motion.--A motion in relation to an item referred to in 
     subparagraph (A), (B), (C), or (D).
       (2) Making of point of order.--
       (A) Against single item.--When the Senate is considering an 
     implementing bill, a Senator may make a point of order 
     against any part of the implementing bill that contains 
     material in violation of a restriction under subsection (b).
       (B) Against several items.--Notwithstanding any other 
     provision of law or rule of the Senate, when the Senate is 
     considering an implementing bill, it shall be in order for a 
     Senator to raise a single point of order that several 
     provisions of the implementing bill violate subsection (b). 
     The Presiding Officer may sustain the point of order as to 
     some or all of the provisions against which the Senator 
     raised the point of order.
       (3) Effect of sustainment of point of order.--
       (A) Against single item.--If a point of order made against 
     a part of an implementing bill under paragraph (2)(A) is 
     sustained by the Presiding Officer, the part of the 
     implementing bill against which the point of order is 
     sustained shall be deemed stricken.
       (B) Against several items.--In the case of a point of order 
     made under paragraph (2)(B) against several provisions of an 
     implementing bill, only those provisions against which the 
     Presiding Officer sustains the point of order shall be deemed 
     stricken.
       (C) Stricken matter not in order as amendment.--Matter 
     stricken from an implementing bill under this paragraph may 
     not be offered as an amendment to the implementing bill (in 
     any of its forms described in paragraph (1)) from the floor.
       (4) Waivers and appeals.--
       (A) Waivers.--Before the Presiding Officer rules on a point 
     of order under this subsection, any Senator may move to waive 
     the point of order as it applies to some or all of the 
     provisions against which the point of order is raised. Such a 
     motion to waive is amendable in accordance with the rules and 
     precedents of the Senate.
       (B) Appeals.--After the Presiding Officer rules on a point 
     of order under this subsection, any Senator may appeal the 
     ruling of the Presiding Officer on the point of order as it 
     applies to some or all of the provisions on which the 
     Presiding Officer ruled.
       (C) Three-fifths majority required.--
       (i) Waivers.--A point of order under this subsection is 
     waived only by the affirmative vote of at least the requisite 
     majority.
       (ii) Appeals.--A ruling of the Presiding Officer on a point 
     of order under this subsection is sustained unless at least 
     the requisite majority votes not to sustain the ruling.
       (iii) Requisite majority.--For purposes of clauses (i) and 
     (ii), the requisite majority is three-fifths of the Members 
     of the Senate, duly chose and sworn.
       (d) Applicability of Fast Track Procedures.--Section 151 of 
     the Trade Act of 1974 (19 U.S.C. 2191) is amended--
       (1) in subsection (b)(1)--
       (A) by inserting ``section 5 of the Americas Free Trade 
     Act,'' after ``the Omnibus Trade and Competitiveness Act of 
     1988,''; and
       (B) by amending subparagraph (C) to read as follows:
       ``(C) if changes in existing laws or new statutory 
     authority is required to implement such trade agreement or 
     agreements or such extension, provisions, necessary to 
     implement such trade agreement or agreements or such 
     extension, either repealing or amending existing laws or 
     providing new statutory authority.''; and
       (2) in subsection (c)(1), in inserting ``or under section 5 
     of the Americas Free Trade Act,'' after ``the Uruguay Round 
     Agreements Act,''.
                                  ____


                                 S. 138

       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 ``Chile-NAFTA Accession Act''.

     SEC. 2. ACCESSION OF CHILE TO THE NORTH AMERICAN FREE TRADE 
                   AGREEMENT.

       (a) In General.--Subject to section 3, the President is 
     authorized to enter into an agreement described in subsection 
     (b) and the provisions of section 151(c) of the Trade Act of 
     1974 (19 U.S.C. 2191(c)) shall apply with respect to a bill 
     to implement such agreement if such agreement is entered into 
     on or before December 31, 2002.
       (b) Agreement Described.--An agreement described in this 
     subsection means an agreement that--
       (1) provides for the accession of Chile to the North 
     American Free Trade Agreement; or
       (2) is a bilateral agreement between the United States and 
     Chile that provides for the reduction and ultimate 
     elimination of tariffs and other nontariff barriers to trade 
     and the eventual establishment of a free trade area between 
     the United States and Chile.

     SEC. 3. INTRODUCTION AND FAST-TRACK CONSIDERATION OF 
                   IMPLEMENTING BILL.

       (a) Introduction in House and Senate.--When the President 
     submits to Congress a bill to implement a trade agreement 
     described in section 2, the bill shall be introduced (by 
     request) in the House and the Senate as described in section 
     151(c) of the Trade Act of 1974 (19 U.S.C. 2191(c)).
       (b) Restrictions on Content.--A bill to implement a trade 
     agreement described in section 2--
       (1) shall contain only provisions that are necessary to 
     implement the trade agreement; and
       (2) may not contain any provision that establishes (or 
     requires or authorizes the establishment of) a labor or 
     environmental protection standard or amends (or requires or 
     authorizes an amendment of) any labor or environmental 
     protection standard set forth in law or regulation.
       (c) Point of Order in Senate--
       (1) Applicability to all legislative forms of implementing 
     bill.--For the purposes of this subsection, the term 
     ``implementing bill'' means the following:
       (A) The bill.--A bill described in subsection (a), without 
     regard to whether that bill originated in the Senate or the 
     House of Representatives.
       (B) Amendment.--An amendment to a bill referred to in 
     subparagraph (A).
       (C) Conference report.--A conference report on a bill 
     referred to in subparagraph (A).
       (D) Amendment between houses.--An amendment between the 
     houses of Congress in relation to a bill referred to in 
     subparagraph (A).
       (E) Motion.--A motion in relation to an item referred to in 
     subparagraph (A), (B), (C), or (D).
       (2) Making of point of order.--
       (A) Against single item.--When the Senate is considering an 
     implementing bill, a Senator may make a point of order 
     against any part of the implementing bill that contains 
     material in violation of a restriction under subsection (b).
       (B) Against several items.--Notwithstanding any other 
     provision of law or rule of the Senate, when the Senate is 
     considering an implementing bill, it shall be in order for 
     a Senator to raise a single point of order that several 
     provisions of the implementing bill violate subsection 
     (b). The Presiding Officer may sustain the point of order 
     as to some or all of the provisions against which the 
     Senator raised the point of order.
       (3) Effect of sustainment of point of order.--
       (A) Against single item.--If a point of order made against 
     a part of an implementing bill under paragraph (2)(A) is 
     sustained by the Presiding Officer, the part of

[[Page S413]]

     the implementing bill against the point of order is sustained 
     shall be deemed stricken.
       (B) Against several items.--In the case of a point of order 
     made under paragraph (2)(B) against several provisions of an 
     implementing bill, only those provisions against which the 
     Presiding Officer sustains the point of order shall be deemed 
     stricken.
       (C) Stricken matter not in order as amendment.--Matter 
     stricken from an implementing bill under this paragraph may 
     not be offered as an amendment to the implementing bill (in 
     any of its forms described in paragraph (1)) from the floor.
       (4) Waivers and appeals.--
       (A) Waivers.--Before the Presiding Officer rules on a point 
     of order under this subsection, any Senator may move to waive 
     the point of order as it applies to some or all of the 
     provisions against which the point of order is raised. Such a 
     motion to waive is amendable in accordance with the rules and 
     precedents of the Senate.
       (B) Appeals.--After the Presiding Officer rules on a point 
     of order under this subsection, any Senator may appeal the 
     ruling of the Presiding Officer on the point of order as it 
     applies to some or all of the provisions on which the 
     Presiding Officer ruled.
       (C) Three-fifths majority required.--
       (i) Waivers.--A point of order under this subsection is 
     waived only by the affirmative vote of at least the requisite 
     majority.
       (ii) Appeals.--A ruling of the Presiding Officer on a point 
     of order under this subsection is sustained unless at least 
     the requisite majority votes not to sustain the ruling.
       (iii) Requisite majority.--For purposes of clauses (i) and 
     (ii), the requisite majority is three-fifths of the Members 
     of the Senate, duly chosen and sworn.
       (d) Applicability of Fast Track Procedures.--Section 151 of 
     the Trade Act of 1974 (19 U.S.C. 2191) is amended--
       (1) in subsection (b)(1)--
       (A) by inserting ``section 3 of the Chile-NAFTA Accession 
     Act,'' after ``the Omnibus Trade and Competitiveness Act of 
     1988,''; and
       (B) by amending subparagraph (C) to read as follows:
       ``(C) if changes in existing laws or new statutory 
     authority is required to implement such trade agreement or 
     agreements or such extension, provisions, necessary to 
     implement such trade agreement or agreements or such 
     extension, either repealing or amending existing laws or 
     providing new statutory authority.''; and
       (2) in subsection (c)(1), by inserting ``or under section 3 
     of the Chile-NAFTA Accession Act,'' after ``the Uruguay Round 
     Agreements Act,''.
                                  ____


                                 S. 140

       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 ``United Kingdom-NAFTA 
     Accession Act''.

     SEC. 2. ACCESSION OF UNITED KINGDOM TO THE NORTH AMERICAN 
                   FREE TRADE AGREEMENT.

       (a) In General.--Subject to section 3, the President is 
     authorized to enter into an agreement described in subsection 
     (b) and the provisions of section 151(c) of the Trade Act of 
     1974 (19 U.S.C. 2191(c)) shall apply with respect to a bill 
     to implement such agreement if such agreement is entered into 
     on or before December 31, 2003.
       (b) Agreement Described.--An agreement described in this 
     subsection means an agreement that--
       (1) provides for the accession of United Kingdom to the 
     North American Free Trade Agreement; or
       (2) is a bilateral agreement between the United States and 
     United Kingdom that provides for the reduction and ultimate 
     elimination of tariffs and other nontariff barriers to trade 
     and the eventual establishment of a free trade area between 
     the United States and United Kingdom.

     SEC. 3. INTRODUCTION AND FAST-TRACK CONSIDERATION OF 
                   IMPLEMENTING BILL.

       (a) Introduction in House and Senate.--When the President 
     submits to Congress a bill to implement a trade agreement 
     described in section 2, the bill shall be introduced (by 
     request) in the House and the Senate as described in section 
     151(c) of the Trade Act of 1974 (19 U.S.C. 2191(c)).
       (b) Restrictions on Content.--A bill to implement a trade 
     agreement described in section 2--
       (1) shall contain only provisions that are necessary to 
     implement the trade agreement; and
       (2) may not contain any provision that establishes (or 
     requires or authorizes the establishment of) a labor or 
     environmental protection standard or amends (or requires or 
     authorizes an amendment of) any labor or environmental 
     protection standard set forth in law or regulation.
       (c) Point of Order in Senate--
       (1) Applicability to all legislative forms of implementing 
     bill.--For the purposes of this subsection, the term 
     ``implementing bill'' means the following:
       (A) The bill.--A bill described in subsection (a), without 
     regard to whether that bill originated in the Senate or the 
     House of Representatives.
       (B) Amendment.--An amendment to a bill referred to in 
     subparagraph (A).
       (C) Conference Report.--A conference report on a bill 
     referred to in subparagraph (A).
       (D) Amendment between houses.--An amendment between the 
     Houses of Congress in relation to a bill referred to in 
     subparagraph (A).
       (E) Motion.--A motion in relation to an item referred to in 
     subparagraph (A), (B), (C), or (D).
       (2) Making of point of order.--
       (A) Against single item.--When the Senate is considering an 
     implementing bill, a Senator may make a point of order 
     against any part of the implementing bill that contains 
     material in violation of a restriction under subsection (b).
       (B) Against several items.--Notwithstanding any other 
     provision of law or rule of the Senate, when the Senate is 
     considering an implementing bill, it shall be in order for a 
     Senator to raise a single point of order that several 
     provisions of the implementing bill violate subsection (b). 
     The Presiding Officer may sustain the point of order as to 
     some or all of the provisions against which the Senator 
     raised the point of order.
       (3) Effect of sustainment of point of order.--
       (A) Against single item.--If a point of order made against 
     a part of an implementing bill under paragraph (2)(A) is 
     sustained by the Presiding Officer, the part of the 
     implementing bill against which the point of order is 
     sustained shall be deemed stricken.
       (B) Against several items.--In the case of a point of order 
     made under paragraph (2)(B) against several provisions of an 
     implementing bill, only those provisions against which the 
     Presiding Officer sustains the point of order shall be deemed 
     stricken.
       (C) Stricken matter not in order as amendment.--Matter 
     stricken from an implementing bill under this paragraph may 
     not be offered as an amendment to the implementing bill (in 
     any of its forms described in paragraph (1)) from the floor.
       (4) Waivers and appeals.--
       (A) Waivers.--Before the Presiding Officer rules on a point 
     of order under this subsection, any Senator may move to waive 
     the point of order as it applies to some or all of the 
     provisions against which the point of order is raised. Such a 
     motion to waive is amendable in accordance with the rules and 
     precedents of the Senate.
       (B) Appeals.--After the Presiding Officer rules on a point 
     of order under this subsection, any Senator may appeal the 
     ruling of the Presiding Officer on the point of order as it 
     applies to some or all of the provisions on which the 
     Presiding Officer ruled.
       (C) Three-fifths majority required.--
       (i) Waivers.--A point of order under this subsection is 
     waived only by the affirmative vote of at least the requisite 
     majority.
       (ii) Appeals.--A ruling of the Presiding Officer on a point 
     of order under this subsection is sustained unless at least 
     the requisite majority votes not to sustain the ruling.
       (iii) Requisite majority.--For purposes of clauses (i) and 
     (ii), the requisite majority is three-fifths of the Members 
     of the Senate, duly chosen and sworn.
       (d) Applicability of Fast Track Procedures.--Section 151 of 
     the Trade Act of 1974 (19 U.S.C. 2191) is amended--
       (1) in subsection (b)(1)--
       (A) by inserting ``section 3 of the United Kingdom-NAFTA 
     Accession Act,'' after ``the Omnibus Trade and 
     Competitiveness Act of 1988,''; and
       (B) by amending subparagraph (C) to read as follows:
       ``(C) if changes in existing laws or new statutory 
     authority is required to implement such trade agreement or 
     agreements or such extension, provisions, necessary to 
     implement such trade agreement or agreements or such 
     extension, either repealing or amending existing laws or 
     providing new statutory authority.''; and
       (2) in subsection (c)(1), by inserting ``or under section 3 
     of the United Kingdom-NAFTA Accession Act,'' after ``the 
     Uruguay Round Agreements Act,''.
                                  ____


                Summary of Four Trade Policy Initiatives


               fast track trade negotiating authority act

       Authorizes the President to enter into bilateral or 
     multilateral trade agreements.
       Reauthorizes traditional fast track authority procedures 
     for implementing legislation for such agreements as long as 
     agreements are entered into by December 31, 2004.
       Updates existing outdated negotiating objectives to 
     encompass policies and objectives of the United States.


                        americas free trade act

       Directs the President to initiate negotiations for trade 
     agreements with the nations of the Western Hemisphere to 
     promote a free trade area for the Hemisphere.
       Bars the application of the Act to Cuba until the President 
     certifies that freedom has been restored in Cuba and US 
     expropriation claims have been addressed, at which time 
     priority is given to a trade agreement with Cuba.
       Applies fast-track procedures to implementing legislation 
     for such agreements.
       Limits implementing legislation to those provisions 
     necessary to implement an agreement, and bars the inclusion 
     of provisions setting labor or environmental standards or 
     amending existing labor or environmental law.
       Provides a point of order against provisions that do not 
     meet these two limitations.


                       chile nafta accession act

       Authorizes the President to enter into an agreement with 
     Chile that provides for

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     Chile's accession into NAFTA, or consists of a US/Chile 
     bilateral free trade agreement.
       Applies fast-track procedures to implementing legislation 
     for such an agreement as long as the agreement is entered 
     into by December 31, 2002.
       Limits implementing legislation to those provisions 
     necessary to implement the agreement, and bars the inclusion 
     of provisions setting labor or environmental standards or 
     amending existing labor or environmental law.
       Provides a point of order against provisions that do not 
     meet these two limitations.


                   united kingdom nafta accession act

       Authorizes the President to enter into an agreement with 
     the United Kingdom that provides for the United Kingdom's 
     accession into NAFTA, or consists of a US/UK bilateral free 
     trade agreement.
       Applies fast-track procedures to implementing legislation 
     for such an agreement as long as the agreement is entered 
     into by December 31, 2003.
       Limits implementing legislation to those provisions 
     necessary to implement the agreement, and bars the inclusion 
     of provisions setting labor or environmental standards or 
     amending existing labor or environmental law.
       Provides a point of order against provisions that do not 
     meet these two limitations.
                                 ______