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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1386 Placed on Calendar Senate (PCS)]

                                                       Calendar No. 211
106th CONGRESS
  1st Session
                                S. 1386

 To amend the Trade Act of 1974 to extend the authorization for trade 
                         adjustment assistance.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             July 16, 1999

    Mr. Roth, from the Committee on Finance, reported the following 
     original bill; which was read twice and placed on the calendar

_______________________________________________________________________

                                 A BILL

 
 To amend the Trade Act of 1974 to extend the authorization for trade 
                         adjustment assistance.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TRADE ADJUSTMENT ASSISTANCE.

    (a) Assistance for Workers.--Section 245 of the Trade Act of 1974 
(19 U.S.C. 2317) is amended--
            (1) in subsection (a), by striking ``June 30, 1999'' and 
        inserting ``September 30, 2001''; and
            (2) in subsection (b), by striking ``June 30, 1999'' and 
        inserting ``September 30, 2001''.
    (b) NAFTA Transitional Program.--Section 250(d)(2) of the Trade Act 
of 1974 (19 U.S.C. 2331(d)(2)) is amended by striking ``the period 
beginning October 1, 1998, and ending June 30, 1999, shall not exceed 
$15,000,000'' and inserting ``the period beginning October 1, 1998, and 
ending September 30, 2001, shall not exceed $30,000,000 for any fiscal 
year''.
    (c) Adjustment for Firms.--Section 256(b) of the Trade Act of 1974 
(19 U.S.C. 2346(b)) is amended by striking ``June 30, 1999'' and 
inserting ``September 30, 2001''.
    (d) Termination.--Section 285(c) of the Trade Act of 1974 (19 
U.S.C. 2271 note preceding) is amended by striking ``June 30, 1999'' 
each place it appears and inserting ``September 30, 2001''.
    (e) Effective Date.--The amendments made by this section take 
effect on the earlier of--
            (1) July 1, 1999; or
            (2) the date of enactment of this Act.

SEC. 2. INCLUSION OF CERTAIN VACCINES AGAINST STREPTOCOCCUS PNEUMONIAE 
              TO LIST OF TAXABLE VACCINES.

    (a) In General.--Section 4132(a)(1) of the Internal Revenue Code of 
1986 (defining taxable vaccine) is amended by adding at the end the 
following new subparagraph:
                    ``(L) Any conjugate vaccine against streptococcus 
                pneumoniae.''
    (b) Effective Date.--
            (1) Sales.--The amendment made by this section shall apply 
        to vaccine sales beginning on the day after the date on which 
        the Centers for Disease Control makes a final recommendation 
        for routine administration to children of any conjugate vaccine 
        against streptococcus pneumoniae.
            (2) Deliveries.--For purposes of paragraph (1), in the case 
        of sales on or before the date described in such paragraph for 
        which delivery is made after such date, the delivery date shall 
        be considered the sale date.

SEC. 3. INCREASE IN ELECTIVE WITHHOLDING RATE FOR NONPERIODIC 
              DISTRIBUTIONS FROM DEFERRED COMPENSATION PLANS.

    (a) In General.--Section 3405(b)(1) of the Internal Revenue Code of 
1986 (relating to withholding) is amended by striking ``10 percent'' 
and inserting ``15 percent''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to distributions after December 31, 1999.
                                     

                                                       Calendar No. 211

106th CONGRESS

  1st Session

                                S. 1386

_______________________________________________________________________

                                 A BILL

 To amend the Trade Act of 1974 to extend the authorization for trade 
                         adjustment assistance.

_______________________________________________________________________

                             July 16, 1999

                 Read twice and placed on the calendar
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