Fair Trade Assurances Act of 1993

OF CONGRESSIONAL 
              COMMITTEES.

    Section 302(b) is amended by adding at the end the following new 
paragraph:
            ``(3) Upon the adoption by either the Committee on Ways and 
        Means of the House of Representatives or the Committee on 
        Finance of the Senate of a resolution that--
                    ``(A) describes an act, policy, or practice of the 
                foreign country; and
                    ``(B) states that it is the opinion of the 
                Committee that such act, policy, or practice is an act, 
                policy, or practice that is described in section 301(a) 
                (1)(A) or (2)(B);
        the Trade Representative shall initiate an investigation under 
        this chapter to determine whether the matter is actionable 
        under section 301.''.

SEC. 6. CONFORMING AMENDMENTS.

    (a) Actions by United States Trade Representative.--Section 301, as 
amended by section 104, is amended--
            (1) by striking out that part of subsection (a)(3) (as 
        redesignated by section 104(a)(1)(A)) that precedes 
        subparagraph (A) and inserting ``The President is not required 
        to take action under paragraph (1)(B) (i) or (ii) and the Trade 
        Representative is not required to take action under paragraph 
        (2) in any case in which--'';
            (2) by striking out ``paragraph (1)'' in subsection (a)(4) 
        (as redesignated by section 104(a)(1)(A)) and inserting 
        ``paragraph (1) (B)(i) or (F) or paragraph (2)''; and
            (3) by striking out ``subsection (a) or (b)'' each place it 
        appears in paragraphs (1), (2)(A), (3), and (5) of subsection 
        (c) and inserting ``paragraph (1)(B)(i), (1)(F), or (2) of 
        subsection (a) or subsection (b)''.
    (b) Determinations by United States Trade Representative.--Section 
304(a)(1) (19 U.S.C. 2414(a)(1)) is amended--
            (1) by striking out ``(a)(1)(B) or'' in subparagraph 
        (A)(ii) and inserting ``(a) (1)(A) or (2)(B) or subsection''; 
        and
            (2) by striking out subparagraph (B) and inserting the 
        following:
                    ``(B) if the determination under subparagraph (A) 
                is affirmative with respect to a practice described in 
                section 301(a)(1)(A), determine, and submit to the 
                President, a recommendation for action by the Trade 
                Representative under section 301(c) to obtain the 
                elimination of such practice; or
                    ``(C) if the determination under subparagraph (A) 
                (other than with respect to an action described in 
                section 301(a)(1)(A)) is affirmative, determine what 
                action, if any, the Trade Representative should take 
                under subsection (a)(2) or (b) of section 301.''.
    (c) Implementation of Actions.--Section 305 (19 U.S.C. 2414) is 
amended--
            (1) by amending paragraph (1) of subsection (a) to read as 
        follows:
            ``(1) Except as provided in paragraph (2), the Trade 
        Representative shall--
                    ``(A) implement the action directed by the 
                President under subparagraph (B)(i) or (F) of section 
                301(a)(1) by no later than the date that is 30 days 
                after the date such direction is received; and
                    ``(B) implement the action the Trade Representative 
                determines under section 304(a)(1)(C) to take under 
                section 301, subject to the specific direction, if any, 
                of the President regarding any such action, by no later 
                than the date which is 30 days after the date on which 
                such determination is made.'';
            (2) by striking out ``section 301'' in subsection (a)(2)(A) 
        and inserting ``paragraph (1)(B), (1)(F), or (2) of section 
        301(a) or section 301(b)'';
            (3) by inserting ``or (3)'' after ``302(b)(1)'' in 
        subsection (a)(2)(A)(i)(II); and
            (4) by striking out ``section 301'' in subsection (b)(1) 
        and inserting ``section 301(b)''.
    (d) Monitoring of Foreign Compliance.--Section 306(a) (19 U.S.C. 
2416(a)) is amended--
            (1) by striking out ``section 301(a)(2)(B)'' and inserting 
        ``section 301(a)(3)(B)''; and
            (2) by striking out ``subsection (a)(1)(B)'' and inserting 
        ``subsection (a) (1)(A) or (2)(B)''.
    (e) Modification and Termination of Actions.--Section 307(a)(1)(A) 
(19 U.S.C. 2417(a)(1)(A)) is amended by striking out ``301(a)(2)'' and 
inserting ``301(a)(3)''.
    (f) Resolutions Disapproving Certain Actions.--Section 152(a)(1) 
(19 U.S.C. 2192(a)(1)) is amended--
            (1) by striking out ``and'' at the end of subparagraph (A);
            (2) by striking out the period at the end of subparagraph 
        (B) and inserting ``; and ''; and
            (3) by adding at the end the following new subparagraph:
            ``(C) a joint resolution of the two Houses of Congress, the 
        matter after the resolving clause of which is as follows: `That 
        the Congress does not approve the alternative plan transmitted 
        under section 301(a)(1)(B)(ii) of the Trade Act of 1974 to the 
        Congress on         .', the blank space being filled with the 
        appropriate date.''.
    (g) Special Rules Relating to Congressional Procedures.--Section 
154 is amended--
            (1) by inserting ``301(a)(1)(B)(ii),'' after ``203(b),'' in 
        subsection (a); and
            (2) by inserting ``, and for purposes of section 301(a)(1) 
        (E) and (F), the 60-day period referred to in such section,'' 
        after ``such sections'' in subsection (b).

Summary: Fair Trade Assurances Act of 1993 - Amends the Trade Act of 1974 to direct the US Trade Representative (USTR), in identifying market barriers and certain unfair trade actions, to: (1) identify, if for a calendar year the United States merchandise trade balance was in deficit, each foreign country that accounted for at least 15 percent of such deficit and had a global current account surplus for such year in an amount not less than such deficit. And (2) specify each act, policy, or practice that was implemented by a foreign country with respect to any goods sector or service sector that accounted for at least ten percent of the merchandise trade and current account deficits between the United States and such foreign country during such calendar year. Makes permanent the program known as Super 301 which identifies trade liberalization priorities. Applies such program to sectoral priority practices. Requires the President, if the USTR finds violations of trade practices, to: (1) direct the USTR to take certain action to obtain the elimination of the foreign practice. Or (2) submit to the Congress an alternative plan for eliminating such practice. Requires the USTR to initiate an investigation under Super 301 whenever specified congressional committees adopt a resolution stating that in their opinion a particular foreign country is engaging in certain trade practices.