II

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.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. TRADE ADJUSTMENT ASSISTANCE.

4 (a) ASSISTANCE FOR WORKERS.—Section 245 of the

5 Trade Act of 1974 (19 U.S.C. 2317) is amended—

6 (1) in subsection (a), by striking ‘‘June 30,

7 1999’’ and inserting ‘‘September 30, 2001’’; and

8 (2) in subsection (b), by striking ‘‘June 30,

9 1999’’ and inserting ‘‘September 30, 2001’’.
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1 (b) NAFTA TRANSITIONAL PROGRAM.—Section

2 250(d)(2) of the Trade Act of 1974 (19 U.S.C.

3 2331(d)(2)) is amended by striking ‘‘the period beginning

4 October 1, 1998, and ending June 30, 1999, shall not ex5 ceed $15,000,000’’ and inserting ‘‘the period beginning

6 October 1, 1998, and ending September 30, 2001, shall

7 not exceed $30,000,000 for any fiscal year’’.

8 (c) ADJUSTMENT FOR FIRMS.—Section 256(b) of the

9 Trade Act of 1974 (19 U.S.C. 2346(b)) is amended by

10 striking ‘‘June 30, 1999’’ and inserting ‘‘September 30,

11 2001’’.

12 (d) TERMINATION.—Section 285(c) of the Trade Act

13 of 1974 (19 U.S.C. 2271 note preceding) is amended by

14 striking ‘‘June 30, 1999’’ each place it appears and insert15 ing ‘‘September 30, 2001’’.

16 (e) EFFECTIVE DATE.—The amendments made by

17 this section take effect on the earlier of—

18 (1) July 1, 1999; or

19 (2) the date of enactment of this Act.

20 SEC. 2. INCLUSION OF CERTAIN VACCINES AGAINST STREP21 TOCOCCUS PNEUMONIAE TO LIST OF TAX22 ABLE VACCINES.

23 (a) IN GENERAL.—Section 4132(a)(1) of the Internal

24 Revenue Code of 1986 (defining taxable vaccine) is
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1 amended by adding at the end the following new subpara2 graph:

3 ‘‘(L) Any conjugate vaccine against strep4 tococcus pneumoniae.’’

5 (b) EFFECTIVE DATE.—

6 (1) SALES.—The amendment made by this sec7 tion shall apply to vaccine sales beginning on the

8 day after the date on which the Centers for Disease

9 Control makes a final recommendation for routine

10 administration to children of any conjugate vaccine

11 against streptococcus pneumoniae.

12 (2) DELIVERIES.—For purposes of paragraph

13 (1), in the case of sales on or before the date de14 scribed in such paragraph for which delivery is made

15 after such date, the delivery date shall be considered

16 the sale date.

17 SEC. 3. INCREASE IN ELECTIVE WITHHOLDING RATE FOR

18 NONPERIODIC DISTRIBUTIONS FROM DE19 FERRED COMPENSATION PLANS.

20 (a) IN GENERAL.—Section 3405(b)(1) of the Internal

21 Revenue Code of 1986 (relating to withholding) is amend22 ed by striking ‘‘10 percent’’ and inserting ‘‘15 percent’’.

23 (b) EFFECTIVE DATE.—The amendment made by

24 subsection (a) shall apply to distributions after December

25 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