A bill to renew trade promotion authority, and for other purposes.

Summary: Creating American Jobs through Exports Act of 2011 - Expresses the sense of Congress that the President should: (1) continue the National Export Initiative to increase global export and investment opportunities for U.S. businesses that create jobs in the United States; and (2) submit the United States-Korea Free Trade Agreement, the United States-Colombia Trade Promotion Agreement, and the United States-Panama Trade Promotion Agreement to Congress, and Congress should approve them, to create U.S. jobs and stimulate the economy by eliminating trade barriers faced by U.S. exports that result in loss of jobs in the United States.

Amends the Bipartisan Trade Promotion Authority Act of 2002 to authorize the President to enter into trade agreements with foreign countries regarding tariff and nontariff trade barriers: (1) on and after enactment of this Act and before July 1, 2016; or (2) on and after July 1, 2016, and before July 1, 2018, if certain congressional trade authorities procedures for implementing trade bills are extended for such period.

Applies certain congressional and presidential trade authorities requirements to trade agreements that resulted from negotiations commenced before enactment of this Act.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Creating American Jobs through 
Exports Act of 2011''.

SEC. 2. FINDINGS; SENSE OF CONGRESS.

    (a) Findings.--Congress makes the following findings:
            (1) President Barack Obama launched the National Export 
        Initiative under Executive Order 13534 (75 Fed. Reg. 12433), an 
        ambitious plan to double exports within 5 years and boost the 
        dominant goods, agriculture, and services sectors of the United 
        States by leveraging the power of global markets to create more 
        jobs in the United States.
            (2) The United States leads all other countries with 
        respect to the exportation of goods and services, with total 
        exports valued at almost $1,600,000,000,000 in 2009.
            (3) Exports of goods and services from the United States 
        supported more than 10,000,000 jobs in 2008.
            (4) United States exports exceeded 12 percent of the gross 
        domestic product in the first half of 2010.
            (5) Ninety-five percent of the world population lives 
        outside the United States, and it is essential that businesses 
        based in the United States have the ability to access global 
        customers on a level playing field.
            (6) Exports from the United States face barriers at every 
        turn and a recent study found that exports from 120 other 
        countries face fewer barriers than exports from the United 
        States, effectively making goods manufactured in the United 
        States, corn, hogs, and soybeans raised in the United States, 
        and services based in the United States more expensive than 
        comparable exports from other countries.
            (7) Ninety percent of products imported into the United 
        States from Colombia and Panama enter the United States duty-
        free, while the 10,000 United States businesses, 85 percent of 
        which are small- or medium-sized businesses, that export to 
        those markets face high tariffs.
            (8) The Office of the United States Trade Representative 
        estimates that the pending United States-Korea Free Trade 
        Agreement will increase annual exports of goods from the United 
        States by up to $11,000,000,000, support at least 70,000 jobs 
        in the United States, and allow providers of services based in 
        the United States to compete in the services market of South 
        Korea, which is valued at more than $500,000,000,000.
            (9) The European Union, whose companies compete head-to-
        head with United States employers globally, has completed free 
        trade negotiations with Colombia, South Korea, and Panama, and 
        delay in the implementation of the free trade agreements 
        between those countries and the United States will result in a 
        loss in the competitiveness of exports from United States in 
        those markets when those countries' agreements with the 
        European Union go into effect.
    (b) Sense of Congress.--It is the sense of Congress that--
            (1) the President should continue the National Export 
        Initiative to increase global export and investment 
        opportunities for the businesses that create jobs in the United 
        States; and
            (2) the President should submit the United States-Korea 
        Free Trade Agreement, the United States-Colombia Trade 
        Promotion Agreement, and the United States-Panama Trade 
        Promotion Agreement to Congress, and Congress should approve 
        those agreements, to create jobs in the United States and 
        stimulate the economy by eliminating the barriers to trade 
        faced by United States exports that result in the loss of jobs 
        in the United States.

SEC. 3. RENEWAL OF TRADE PROMOTION AUTHORITY.

    (a) In General.--Section 2103 of the Bipartisan Trade Promotion 
Authority Act of 2002 (19 U.S.C. 3803) is amended--
            (1) in subsection (a)(1), by striking subparagraph (A) and 
        inserting the following:
                    ``(A) may enter into trade agreements with foreign 
                countries--
                            ``(i) on and after the date of the 
                        enactment of the Creating American Jobs through 
                        Exports Act of 2011 and before July 1, 2016; or
                            ``(ii) on and after July 1, 2016, and 
                        before July 1, 2018, if trade authorities 
                        procedures are extended under subsection (c); 
                        and'';
            (2) in subsection (b)(1), by striking subparagraph (C) and 
        inserting the following:
            ``(C) The President may enter into a trade agreement under 
        this paragraph--
                    ``(i) on and after the date of the enactment of the 
                Creating American Jobs through Exports Act of 2011 and 
                before July 1, 2016; or
                    ``(ii) on and after July 1, 2016, and before July 
                1, 2018, if trade authorities procedures are extended 
                under subsection (c).''; and
            (3) in subsection (c)--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by striking 
                        ``before July 1, 2005'' and inserting ``on and 
                        after the date of the enactment of the Creating 
                        American Jobs through Exports Act of 2011 and 
                        before July 1, 2016''; and
                            (ii) in subparagraph (B)--
                                    (I) in the matter preceding clause 
                                (i), by striking ``after June 30, 2005, 
                                and before July 1, 2007'' and inserting 
                                ``on or after July 1, 2016, and before 
                                July 1, 2018''; and
                                    (II) in clause (ii), by striking 
                                ``July 1, 2005'' and inserting ``July 
                                1, 2016'';
                    (B) in paragraph (2), in the matter preceding 
                subparagraph (A), by striking ``April 1, 2005'' and 
                inserting ``April 1, 2016'';
                    (C) in paragraph (3)--
                            (i) in subparagraph (A), in the matter 
                        preceding clause (i), by striking ``June 1, 
                        2005'' and inserting ``June 1, 2016''; and
                            (ii) in subparagraph (B)--
                                    (I) by striking ``June 1, 2005'' 
                                and inserting ``June 1, 2016''; and
                                    (II) by striking ``the date of 
                                enactment of this Act'' and inserting 
                                ``the date of the enactment of the 
                                Creating American Jobs through Exports 
                                Act of 2011''; and
                    (D) in paragraph (5), by striking ``June 30, 2005'' 
                each place it appears and inserting ``June 30, 2016''.
    (b) Treatment of Certain Trade Agreements for Which Negotiations 
Have Already Begun.--Section 2106 of the Bipartisan Trade Promotion 
Authority Act of 2002 (19 U.S.C. 3806) is amended by striking 
``applies--'' and all that follows through the end period and inserting 
``applies results from negotiations that were commenced before the date 
of the enactment of the Creating American Jobs through Exports Act of 
2011, subsection (b) shall apply.''.