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         <title>DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED STATES FREE TRADE AGREEMENT IMPLEMENTATION ACT</title>
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         <subtitle>Report to accompany S. 1307, including cost estimate of the Congressional Budget Office, The Committee on Finance, to which was referred the bill (S. 1307) to implement the Dominican Republic-Central America- United States Free Trade Agreement, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. CONTENTS Page I. Report and Other Materials of the Committee......................2 A. Report of the Committee on Finance.................... 2 B. Summary of Congressional Consideration of the Dominican Republic-Central America-United States Free Trade Agreement...................................... 2 1. Background........................................ 2 2. Trade Promotion Authority Procedures in General... 3 3. Notification Prior to Negotiations................ 4 4. Notification of intent to Enter into an Agreement. 5 5. Development of the Implementing Legislation....... 5 6. Formal Submission of the Agreement and Implementing Legislation......................... 8 7. Committee and Floor Consideration................. 8 C. Trade Relations with the Dominican Republic and Central America...................................... 9 1. United States-Dominican Republic-Central America Trade and investment............................. 9 2. Tariffs and Trade Agreements...................... 11 3. U.S. international Trade Commission Study......... 12 D. Overview of the Dominican Republic-Central America- United States Free Trade Agreement................... 13 1. Overview of the Agreement......................... 13 2. USTR Summary of the Agreement..................... 13 E. General Description of the Bill to Implement the Dominican Republic-Central America-United States Free Trade Agreement...................................... 40 Title I--Approval of, and General Provisions Relating to, the Agreement.................................... 41 Title II--Customs Provisions.......................... 42 Title III--Relief From Imports........................ 48 Title IV--Miscellaneous............................... 54 F. Vote of the Committee in Reporting the Bill........... 55 II. Budgetary Impact of the Bill.....................................55 III.Regulatory Impact of the Bill and Other Matters..................59 IV. Changes in Existing Law Made by the Bill, as Reported............59 I. REPORT AND OTHER MATERIALS OF THE COMMITTEE A. Report of the Committee on Finance The Committee on Finance, to which was referred the bill (S. 1307) to implement the Dominican Republic-Central America- United States Free Trade Agreement, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. B. Summary of Congressional Consideration of the Dominican Republic- Central America-United States Free Trade Agreement 1. Background</subtitle>
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    <abstract>The Committee on Finance, to which was referred the bill (S. 1307) to implement the Dominican Republic-Central America- United States Free Trade Agreement, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass.</abstract>
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         <recommendation>The Committee on Finance, to which was referred the bill (S. 1307) to implement the Dominican Republic-Central America- United States Free Trade Agreement, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass.</recommendation>
         <submittedStatement>Mr. Grassley, from the Committee on Finance, submitted the following</submittedStatement>
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