[Congressional Record (Bound Edition), Volume 150 (2004), Part 19]
[Senate]
[Page 25327]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            WOOL TRUST FUND

 Mr. BAUCUS. Mr. President, today I make note of a technical 
error in the drafting of the Wool Trust Fund, which was included in 
H.R.1047, the ``Miscellaneous Trade and Technical Corrections Act of 
2004.'' Section 4002, entitled ``Extension and Modification of Duty 
Suspension on Wool Products, Wool Research Fund, Wool Duty Refunds,'' 
extends the current Wool Trust Fund through December 31, 2007. The 
purpose of this provision is to extend the current program, as well as 
to provide grants to textile mills, for an additional 2 years beyond 
the current date of expiration, which is December 31, 2005. This fact 
is reflected in the conference report of H.R. 1047, in which the 
conferees observe that the House recedes to the Senate proposal ``so 
that all programs are extended by two years beyond the current date of 
expiration of the current programs.'' In other words, all provisions--
including all programs and all tariff reductions--are to be in effect 
through 2007.
  Unfortunately, a drafting error occurs in section 4002(a)(5), 
entitled ``Fabrics of Combed Wool,'' and mistakenly terminates the 
extension of duty reductions, for the goods identified in that 
subsection, at the end of 2006, rather than 2007. This error is clearly 
and patently inconsistent with the expressed intention of the conferees 
to extend the program through 2007.
  I urge the Members of the 109th Congress to correct this technical 
error, in order to allow the program to operate as clearly and 
expressly intended by the 108th Congress.

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