I

104TH CONGRESS

1ST SESSION H. R. 1654

To renew the Generalized System of Preferences.

IN THE HOUSE OF REPRESENTATIVES

MAY 17, 1995

Mr. CRANE (for himself and Mr. RANGEL) introduced the following bill; which

was referred to the Committee on Ways and Means

A BILL

To renew the Generalized System of Preferences.

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

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘GSP Renewal Act of

5 1995’’.

6 SEC. 2. GENERALIZED SYSTEM OF PREFERENCES.

7 (a) IN GENERAL.—Title V of the Trade Act of 1974

8 is amended to read as follows:
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1 ‘‘TITLE V—GENERALIZED

2 SYSTEM OF PREFERENCES

3 ‘‘SEC. 501. AUTHORITY TO EXTEND PREFERENCES.

4 ‘‘The President may provide duty-free treatment for

5 any eligible article from any beneficiary developing coun6 try in accordance with the provisions of this title. In tak7 ing any such action, the President shall have due regard

8 for—

9 ‘‘(1) the effect such action will have on further10 ing the economic development of developing coun11 tries through the expansion of their exports;

12 ‘‘(2) the extent to which other major developed

13 countries are undertaking a comparable effort to as14 sist developing countries by granting generalized

15 preferences with respect to imports of products of

16 such countries;

17 ‘‘(3) the anticipated impact of such action on

18 United States producers of like or directly competi19 tive products; and

20 ‘‘(4) the extent of the beneficiary developing

21 country’s competitiveness with respect to eligible ar22 ticles.

23 ‘‘SEC. 502. DESIGNATION OF BENEFICIARY DEVELOPING

24 COUNTRIES.

25 ‘‘(a) AUTHORITY TO DESIGNATE COUNTRIES.—
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1 ‘‘(1) BENEFICIARY DEVELOPING COUNTRIES.—

2 The President is authorized to designate countries

3 as beneficiary developing countries for purposes of

4 this title.

5 ‘‘(2) LEAST-DEVELOPED BENEFICIARY DEVEL6 OPING COUNTRIES.—The President is authorized to

7 designate countries as least-developed beneficiary de8 veloping countries for purposes of this title, based on

9 the considerations in section 501 and subsection (c)

10 of this section.

11 ‘‘(b) COUNTRIES INELIGIBLE FOR COUNTRY DES12 IGNATION.—

13 ‘‘(1) SPECIFIC COUNTRIES.—The following

14 countries may not be designated as beneficiary devel15 oping countries for purposes of this title:

16 ‘‘(A) Australia.

17 ‘‘(B) Canada.

18 ‘‘(C) European Union member states.

19 ‘‘(D) Iceland.

20 ‘‘(E) Japan.

21 ‘‘(F) Monaco.

22 ‘‘(G) New Zealand.

23 ‘‘(H) Norway.

24 ‘‘(I) Switzerland.
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1 ‘‘(2) OTHER BASES FOR INELIGIBILITY.—The

2 President shall not designate any country a bene3 ficiary developing country under this title if any of

4 the following applies:

5 ‘‘(A) Such country is a Communist coun6 try, unless—

7 ‘‘(i) the products of such country re8 ceive nondiscriminatory treatment,

9 ‘‘(ii) such country is a WTO Member

10 (as such term is defined in section 2 of the

11 Uruguay Round Agreements Act,) and a

12 member of the International Monetary

13 Fund, and

14 ‘‘(iii) such country is not dominated

15 or controlled by international communism.

16 ‘‘(B) Such country is a party to an ar17 rangement of countries and participates in any

18 action pursuant to such arrangement, the effect

19 of which is—

20 ‘‘(i) to withhold supplies of vital com21 modity resources from international trade

22 or to raise the price of such commodities

23 to an unreasonable level, and

24 ‘‘(ii) to cause serious disruption of the

25 world economy.
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1 ‘‘(C) Such country affords preferential

2 treatment to the products of a developed coun3 try, other than the United States, which has, or

4 is likely to have, a significant adverse effect on

5 United States commerce.

6 ‘‘(D)(i) Such country—

7 ‘‘(I) has nationalized, expropriated, or

8 otherwise seized ownership or control of

9 property, including patents, trademarks, or

10 copyrights, owned by a United States citi11 zen or by a corporation, partnership, or as12 sociation which is 50 percent or more ben13 eficially owned by United States citizens,

14 ‘‘(II) has taken steps to repudiate or

15 nullify an existing contract or agreement

16 with a United States citizen or a corpora17 tion, partnership, or association which is

18 50 percent or more beneficially owned by

19 United States citizens, the effect of which

20 is to nationalize, expropriate, or otherwise

21 seize ownership or control of property, in22 cluding patents, trademarks, or copyrights,

23 so owned, or

24 ‘‘(III) has imposed or enforced taxes

25 or other exactions, restrictive maintenance
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1 or operational conditions, or other meas2 ures with respect to property, including

3 patents, trademarks, or copyrights, so

4 owned, the effect of which is to nationalize,

5 expropriate, or otherwise seize ownership

6 or control of such property,

7 unless clause (ii) applies.

8 ‘‘(ii) This clause applies if the President

9 determines that—

10 ‘‘(I) prompt, adequate, and effective

11 compensation has been or is being made to

12 the citizen, corporation, partnership, or as13 sociation referred to in clause (i),

14 ‘‘(II) good faith negotiations to pro15 vide prompt, adequate, and effective com16 pensation under the applicable provisions

17 of international law are in progress, or the

18 country described in clause (i) is otherwise

19 taking steps to discharge its obligations

20 under international law with respect to

21 such citizen, corporation, partnership, or

22 association, or

23 ‘‘(III) a dispute involving such citizen,

24 corporation, partnership, or association

25 over compensation for such a seizure has
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1 been submitted to arbitration under the

2 provisions of the Convention for the Settle3 ment of Investment Disputes, or in an4 other mutually agreed upon forum,

5 and the President promptly furnishes a copy of

6 such determination to the Senate and House of

7 Representatives.

8 ‘‘(E) Such country fails to act in good

9 faith in recognizing as binding or in enforcing

10 arbitral awards in favor of United States citi11 zens or a corporation, partnership, or associa12 tion which is 50 percent or more beneficially

13 owned by United States citizens, which have

14 been made by arbitrators appointed for each

15 case or by permanent arbitral bodies to which

16 the parties involved have submitted their dis17 pute.

18 ‘‘(F) Such country aids or abets, by grant19 ing sanctuary from prosecution to, any individ20 ual or group which has committed an act of

21 international terrorism.

22 ‘‘(G) Such country has not taken or is not

23 taking steps to afford internationally recognized

24 worker rights to workers in the country (includ25 ing any designated zone in that country).
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1 Subparagraphs (D), (E), (F), and (G) shall not pre2 vent the designation of any country as a beneficiary

3 developing country under this title if the President

4 determines that such designation will be in the na5 tional economic interest of the United States and re6 ports such determination to the Congress with the

7 reasons therefor.

8 ‘‘(c) FACTORS AFFECTING COUNTRY DESIGNA9 TION.—In determining whether to designate any country

10 as a beneficiary developing country under this title, the

11 President shall take into account—

12 ‘‘(1) an expression by such country of its desire

13 to be so designated;

14 ‘‘(2) the level of economic development of such

15 country, including its per capita gross national prod16 uct, the living standards of its inhabitants, and any

17 other economic factors which the President deems

18 appropriate;

19 ‘‘(3) the extent to which other major developed

20 countries are extending generalized preferential tar21 iff treatment to such country;

22 ‘‘(4) the extent to which such country has as23 sured the United States that it will provide equitable

24 and reasonable access to the markets and basic com25 modity resources of such country and the extent to
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1 which such country has assured the United States

2 that it will refrain from engaging in unreasonable

3 export practices;

4 ‘‘(5) whether such country is providing ade5 quate and effective protection of intellectual property

6 rights;

7 ‘‘(6) the extent to which such country has taken

8 action to—

9 ‘‘(A) reduce trade distorting investment

10 practices and policies (including export per11 formance requirements); and

12 ‘‘(B) reduce or eliminate barriers to trade

13 in services; and

14 ‘‘(7) whether or not such country has taken or

15 is taking steps to afford to workers in that country

16 (including any designated zone in that country)

17 internationally recognized worker rights.

18 A country may be found to not provide adequate and effec19 tive protection of intellectual property rights under para20 graph (5) and section 503(d)(2)(B), notwithstanding the

21 fact that it may be in compliance with the specific obliga22 tions of the Agreement on Trade-Related Aspects of Intel23 lectual Property Rights referred to in section 101(d)(15)

24 of the Uruguay Round Agreements Act.
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1 ‘‘(d) WITHDRAWAL, SUSPENSION, OR LIMITATION OF

2 COUNTRY DESIGNATION.—

3 ‘‘(1) IN GENERAL.—The President may with4 draw, suspend, or limit the application of the duty5 free treatment accorded under this title with respect

6 to any country. In taking any action under this sub7 section, the President shall consider the factors set

8 forth in section 501 and subsection (c) of this sec9 tion.

10 ‘‘(2) CHANGED CIRCUMSTANCES.—The Presi11 dent shall, after complying with the requirements of

12 subsection (f)(2), withdraw or suspend the designa13 tion of any country as a beneficiary developing coun14 try if, after such designation, the President deter15 mines that as the result of changed circumstances

16 such country would be barred from designation as a

17 beneficiary developing country under subsection

18 (b)(2). Such country shall cease to be a beneficiary

19 developing country on the day on which the Presi20 dent issues an Executive order or Presidential proc21 lamation revoking the designation of such country

22 under this title.

23 ‘‘(e) MANDATORY GRADUATION OF BENEFICIARY

24 DEVELOPING COUNTRIES.—If during any calendar year

25 the official statistics of the International Bank for Recon-
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1 struction and Development demonstrate that a beneficiary

2 developing country has become a ‘high income’ country,

3 as defined by such Bank, then the President shall termi4 nate the designation of such country as a beneficiary de5 veloping country for purposes of this title, effective on the

6 day after December 31 of the year following such calendar

7 year.

8 ‘‘(f) CONGRESSIONAL NOTIFICATION.—

9 ‘‘(1) NOTIFICATION OF DESIGNATION.—(A) Be10 fore the President designates any country as a bene11 ficiary developing country under this title, the Presi12 dent shall notify the Congress of the President’s in13 tention to make such designation, together with the

14 considerations entering into such decision.

15 ‘‘(B) At least 60 days before the President des16 ignates any country as a least-developed beneficiary

17 developing country, the President shall notify the

18 Congress of the President’s intention to make such

19 designation.

20 ‘‘(2) NOTIFICATION OF TERMINATION.—If the

21 President has designated any country as a bene22 ficiary developing country under this title, the Presi23 dent shall not terminate such designation unless, at

24 least 60 days before such termination, the President

25 has notified the Congress and has notified such
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1 country of the President’s intention to terminate

2 such designation, together with the considerations

3 entering into such decision.

4 ‘‘SEC. 503. DESIGNATION OF ELIGIBLE ARTICLES.

5 ‘‘(a) ELIGIBLE ARTICLES.—

6 ‘‘(1) DESIGNATION.—

7 ‘‘(A) IN GENERAL.—Except as provided in

8 subsection (b), the President is authorized to

9 designate articles as eligible articles for all ben10 eficiary developing countries for purposes of

11 this title by Executive order or Presidential

12 proclamation after receiving the advice of the

13 International Trade Commission in accordance

14 with subsection (e).

15 ‘‘(B) LEAST-DEVELOPED BENEFICIARY DE16 VELOPING COUNTRIES.—Except as provided in

17 subsection (b), the President is authorized to

18 designate additional articles as eligible articles

19 only for countries designated as least-developed

20 beneficiary developing countries under section

21 502(a)(2) if, after receiving the advice of the

22 International Trade Commission in accordance

23 with subsection (e) of this section, the Presi24 dent determines that such articles are not im-
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1 port-sensitive in the context of imports from

2 least-developed beneficiary developing countries.

3 ‘‘(C) THREE-YEAR RULE.—If, after receiv4 ing the advice of the International Trade Com5 mission under subsection (e), an article has

6 been formally considered for designation as an

7 eligible article under this title and denied such

8 designation, such article may not be reconsid9 ered for such designation for a period of three

10 years after such denial.

11 ‘‘(2) RULE OF ORIGIN.—

12 ‘‘(A) GENERAL RULE.—The duty-free

13 treatment provided under this title shall apply

14 to any eligible article which is the growth, prod15 uct, or manufacture of a beneficiary developing

16 country if—

17 ‘‘(i) that article is imported directly

18 from a beneficiary developing country into

19 the customs territory of the United States;

20 and

21 ‘‘(ii) the sum of—

22 ‘‘(I) the cost or value of the ma23 terials produced in the beneficiary de24 veloping country or any two or more

25 countries which are members of the
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1 same association of countries which is

2 treated as one country under section

3 506(2), plus

4 ‘‘(II) the direct costs of process5 ing operations performed in such ben6 eficiary developing country or such

7 member countries,

8 is not less than 35 percent of the appraised

9 value of such article at the time it is entered.

10 ‘‘(B) EXCLUSIONS.—An article shall not

11 be treated as the growth, product, or manufac12 ture of a beneficiary developing country by vir13 tue of having merely undergone—

14 ‘‘(i) simple combining or packaging

15 operations, or

16 ‘‘(ii) mere dilution with water or mere

17 dilution with another substance that does

18 not materially alter the characteristics of

19 the article.

20 ‘‘(3) REGULATIONS.—The Secretary of the

21 Treasury, after consulting with the United States

22 Trade Representative, shall prescribe such regula23 tions as may be necessary to carry out paragraph

24 (2), including, but not limited to, regulations provid-
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1 ing that, in order to be eligible for duty-free treat2 ment under this title, an article—

3 ‘‘(A) must be wholly the growth, product,

4 or manufacture of a beneficiary developing

5 country, or

6 ‘‘(B) must be a new or different article of

7 commerce which has been grown, produced, or

8 manufactured in the beneficiary developing

9 country.

10 ‘‘(b) ARTICLES THAT MAY NOT BE DESIGNATED AS

11 ELIGIBLE ARTICLES.—

12 ‘‘(1) IMPORT SENSITIVE ARTICLES.—The Presi13 dent may not designate any article as an eligible ar14 ticle under subsection (a) if such article is within

15 one of the following categories of import-sensitive

16 articles:

17 ‘‘(A) Textile and apparel articles which

18 were not eligible articles for purposes of this

19 title on January 1, 1994.

20 ‘‘(B) Watches, except those watches that

21 the President specifically determines, after pub22 lic notice and comment, will not cause material

23 injury to watch or watch band, strap, or brace24 let manufacturing and assembly operations in
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1 the United States or the United States insular

2 possessions.

3 ‘‘(C) Import-sensitive electronic articles.

4 ‘‘(D) Import-sensitive steel articles.

5 ‘‘(E) Footwear, handbags, luggage, flat

6 goods, work gloves, and leather wearing apparel

7 which were not eligible articles for purposes of

8 this title on January 1, 1995.

9 ‘‘(F) Import-sensitive semimanufactured

10 and manufactured glass products.

11 ‘‘(G) Any other articles which the Presi12 dent determines to be import-sensitive in the

13 context of the Generalized System of Pref14 erences.

15 ‘‘(2) ARTICLES AGAINST WHICH OTHER AC16 TIONS TAKEN.—An article shall not be an eligible

17 article for purposes of this title for any period dur18 ing which such article is the subject of any action

19 proclaimed pursuant to section 203 of this Act (19

20 U.S.C. 2253) or section 232 or 351 of the Trade

21 Expansion Act of 1962 (19 U.S.C. 1862, 1981).

22 ‘‘(3) AGRICULTURAL PRODUCTS.—No quantity

23 of an agricultural product subject to a tariff-rate

24 quota that exceeds the in-quota quantity shall be eli25 gible for duty-free treatment under this title.
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1 ‘‘(c) WITHDRAWAL, SUSPENSION, OR LIMITATION OF

2 DUTY-FREE TREATMENT; COMPETITIVE NEED LIMITA3 TION.—

4 ‘‘(1) IN GENERAL.—The President may with5 draw, suspend, or limit the application of the duty6 free treatment accorded under this title with respect

7 to any article, except that no rate of duty may be

8 established with respect to any article pursuant to

9 this subsection other than the rate which would

10 apply but for this title. In taking any action under

11 this subsection, the President shall consider the fac12 tors set forth in sections 501 and 502(c).

13 ‘‘(2) COMPETITIVE NEED LIMITATION.—

14 ‘‘(A) BASIS FOR WITHDRAWAL OF DUTY15 FREE TREATMENT.—Except as provided in this

16 paragraph and subject to subsection (d), when17 ever the President determines that a beneficiary

18 developing country has exported (directly or in19 directly) to the United States during any cal20 endar year beginning after December 31,

21 1994—

22 ‘‘(i) a quantity of an eligible article

23 having an appraised value in excess of

24 $75,000,000, except that, in applying this

25 clause, the amount of $75,000,000 shall be
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1 increased by $5,000,000 on January 1 of

2 each calendar year after calendar year

3 1995, or

4 ‘‘(ii) a quantity of an eligible article

5 equal to or exceeding 50 percent of the ap6 praised value of the total imports of that

7 article into the United States during the

8 calendar year,

9 then the President shall, not later than July 1

10 of the next calendar year, terminate the duty11 free treatment for that article from that bene12 ficiary developing country.

13 ‘‘(B) COUNTRY DEFINED.—For purposes

14 of this paragraph, the term ‘country’ does not

15 include an association of countries which is

16 treated as one country under section 506(2),

17 but does include a country which is a member

18 of any such association.

19 ‘‘(C) REDESIGNATIONS.—A country which

20 is no longer treated as a beneficiary developing

21 country with respect to an eligible article by

22 reason of subparagraph (A) may be redesig23 nated a beneficiary developing country with re24 spect to such article, subject to the consider25 ations set forth in sections 501 and 502, if im-
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1 ports of such article from such country did not

2 exceed the limitations in subparagraph (A) dur3 ing the preceding calendar year.

4 ‘‘(D) LEAST-DEVELOPED BENEFICIARY

5 DEVELOPING COUNTRIES.—Subparagraph (A)

6 shall not apply to any least-developed bene7 ficiary developing country.

8 ‘‘(E) ARTICLES NOT PRODUCED IN THE

9 UNITED STATES EXCLUDED.—Subparagraph

10 (A)(ii) shall not apply with respect to any eligi11 ble article if a like or directly competitive article

12 was not produced in the United States on Jan13 uary 1, 1995.

14 ‘‘(F) DE MINIMIS WAIVERS.—The Presi15 dent may disregard subparagraph (A)(ii) with

16 respect to any eligible article from any bene17 ficiary developing country if the appraised value

18 of the total imports of such article into the

19 United States during calendar year 1995 or any

20 calendar year thereafter does not exceed

21 $13,000,000, except that, in applying this sub22 paragraph, the amount of $13,000,000 shall be

23 increased by $500,000 on January 1 of each

24 calendar year after calendar year 1995.

25 ‘‘(d) WAIVER OF COMPETITIVE NEED LIMITATION.—
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1 ‘‘(1) IN GENERAL.—The President may waive

2 the application of subsection (c)(2) with respect to

3 any eligible article of any beneficiary developing

4 country if, before July 1 of the calendar year begin5 ning after the calendar year for which a determina6 tion described in subsection (c)(2)(A) was made with

7 respect to such eligible article, the President—

8 ‘‘(A) receives the advice of the Inter9 national Trade Commission under section 332

10 of the Tariff Act of 1930 on whether any indus11 try in the United States is likely to be adversely

12 affected by such waiver,

13 ‘‘(B) determines, based on the consider14 ations described in sections 501 and 502(c) and

15 the advice described in subparagraph (A), that

16 such waiver is in the national economic interest

17 of the United States, and

18 ‘‘(C) publishes the determination described

19 in subparagraph (B) in the Federal Register.

20 ‘‘(2) CONSIDERATIONS BY THE PRESIDENT.—In

21 making any determination under paragraph (1), the

22 President shall give great weight to—

23 ‘‘(A) the extent to which the beneficiary

24 developing country has assured the United

25 States that such country will provide equitable
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1 and reasonable access to the markets and basic

2 commodity resources of such country, and

3 ‘‘(B) the extent to which such country pro4 vides adequate and effective protection of intel5 lectual property rights.

6 ‘‘(3) EFFECTIVE PERIOD OF WAIVER.—Any

7 waiver granted under this subsection shall remain in

8 effect until the President determines that such waiv9 er is no longer warranted due to changed cir10 cumstances.

11 ‘‘(e) INTERNATIONAL TRADE COMMISSION AD12 VICE.—Before designating articles as eligible articles

13 under section 503(a)(1), the President shall publish and

14 furnish the International Trade Commission with lists of

15 articles which may be considered for designation as eligible

16 articles for purposes of this title. The provisions of sec17 tions 131, 132, 133, and 134 shall be complied with as

18 though action under section 501 and this section were ac19 tion under section 123 to carry out a trade agreement en20 tered into under section 123.

21 ‘‘(f) SPECIAL RULE CONCERNING PUERTO RICO.—

22 No action under this title may affect any tariff duty im23 posed by the Legislature of Puerto Rico pursuant to sec24 tion 319 of the Tariff Act of 1930 on coffee imported into

25 Puerto Rico.
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1 ‘‘SEC. 504. REVIEW AND REPORTS TO CONGRESS.

2 ‘‘(a) REPORT ON OPERATION OF TITLE.—On or be3 fore December 15, 1999, the President shall submit to the

4 Congress a full and complete report regarding the oper5 ation of this title.

6 ‘‘(b) ANNUAL REPORTS ON WORKER RIGHTS.—The

7 President shall submit an annual report to the Congress

8 on the status of internationally recognized worker rights

9 within each beneficiary developing country.

10 ‘‘SEC. 505. DATE OF TERMINATION.

11 ‘‘No duty-free treatment provided under this title

12 shall remain in effect after July 31, 2000.

13 ‘‘SEC. 506. DEFINITIONS.

14 ‘‘For purposes of this title:

15 ‘‘(1) BENEFICIARY DEVELOPING COUNTRY.—

16 The term ‘beneficiary developing country’ means any

17 country with respect to which there is in effect an

18 Executive order or Presidential proclamation by the

19 President designating such country as a beneficiary

20 developing country for purposes of this title.

21 ‘‘(2) COUNTRY.—The term ‘country’ means any

22 foreign country or territory, including any overseas

23 dependent territory or possession of a foreign coun24 try, or the Trust Territory of the Pacific Islands. In

25 the case of an association of countries which is a

26 free trade area or customs union, or which is con-
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1 tributing to comprehensive regional economic inte2 gration among its members through appropriate

3 means, including, but not limited to, the reduction

4 of duties, the President may by Executive order or

5 Presidential proclamation provide that all members

6 of such association other than members which are

7 barred from designation under section 502(b) shall

8 be treated as one country for purposes of this title.

9 ‘‘(3) ENTERED.—The term ‘entered’ means en10 tered, or withdrawn from warehouse for consump11 tion, in the customs territory of the United States.

12 ‘‘(4) INTERNATIONALLY RECOGNIZED WORKER

13 RIGHTS.—The term ‘internationally recognized work14 er rights’ includes—

15 ‘‘(A) the right of association;

16 ‘‘(B) the right to organize and bargain col17 lectively;

18 ‘‘(C) a prohibition on the use of any form

19 of forced or compulsory labor;

20 ‘‘(D) a minimum age for the employment

21 of children; and

22 ‘‘(E) acceptable conditions of work with re23 spect to minimum wages, hours of work, and

24 occupational safety and health.
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1 ‘‘(5) LEAST DEVELOPED BENEFICIARY DEVEL2 OPING COUNTRY.—The term ‘least developed bene3 ficiary developing country’ means a beneficiary de4 veloping country that is designated as a least devel5 oped beneficiary developing country under section

6 502(a)(2).’’.

7 (b) TABLE OF CONTENTS.—The items relating to

8 title V in the table of contents of the Trade Act of 1974

9 are amended to read as follows:

‘‘TITLE V—GENERALIZED SYSTEM OF PREFERENCES

‘‘Sec. 501. Authority to extend preferences.

‘‘Sec. 502. Designation of beneficiary developing countries.

‘‘Sec. 503. Designation of eligible articles.

‘‘Sec. 504. Review and reports to Congress.

‘‘Sec. 505. Date of termination.

‘‘Sec. 506. Definitions.’’.

10 SEC. 3. CONFORMING AMENDMENTS.

11 (a) TRADE LAWS.—

12 (1) Section 1211(b) of the Omnibus Trade and

13 Competitiveness Act of 1988 (19 U.S.C. 3011(b)) is

14 amended—

15 (A) in paragraph (1), by striking ‘‘(19

16 U.S.C. 2463(a), 2464(c)(3))’’ and inserting

17 ‘‘(as in effect on the day before the date of the

18 enactment of the GSP Renewal Act of 1995)’’;

19 and

20 (B) in paragraph (2), by striking ‘‘(19

21 U.S.C. 2464(c)(1))’’ and inserting the follow22 ing: ‘‘(as in effect on the day before the date
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1 of the enactment of the GSP Renewal Act of

2 1995)’’.

3 (2) Section 203(c)(7) of the Andean Trade

4 Preference Act (19 U.S.C. 3202(c)(7)) is amended

5 by striking ‘‘502(a)(4)’’ and inserting ‘‘506(4)’’.

6 (3) Section 212(b)(7) of the Caribbean Basin

7 Economic Recovery Act (19 U.S.C. 2702(b)(7)) is

8 amended by striking ‘‘502(a)(4)’’ and inserting

9 ‘‘506(4)’’.

10 (4) Section 213(d) of the Caribbean Basin

11 Economic Recovery Act (19 U.S.C. 2703(d)) is

12 amended—

13 (A) in paragraph (1)(A) by striking

14 ‘‘504(c)(1)’’ and inserting ‘‘503(c)(1)’’; and

15 (B) in paragraph (2) by inserting ‘‘(as in

16 effect on the day before the date of the enact17 ment of the GSP Renewal Act of 1995)’’ after

18 ‘‘1974’’.

19 (5) General note 3(a)(iv)(C) of the Harmonized

20 Tariff Schedule of the United States is amended—

21 (A) by striking ‘‘503(b)’’ and inserting

22 ‘‘503(a)’’; and

23 (B) by striking ‘‘504(c)’’ and inserting

24 ‘‘503 (c) and (d)’’.

25 (b) OTHER LAWS.—
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1 (1) Section 871(f)(2)(B) of the Internal Reve2 nue Code of 1986 (26 U.S.C. 871(f)(2)(B)) is

3 amended by striking ‘‘within the meaning of section

4 502’’ and inserting ‘‘under title V’’.

5 (2) Section 2202(8) of the Export Enhance6 ment Act of 1988 (15 U.S.C. 4711(8)) is amended

7 by striking ‘‘502(a)(4)’’ and inserting ‘‘506(4)’’.

8 (3) Section 231A(a) of the Foreign Assistance

9 Act of 1961 (22 U.S.C. 2191a(a)) is amended—

10 (A) in paragraph (1) by striking

11 ‘‘502(a)(4) of the Trade Act of 1974 (19

12 U.S.C. 2462(a)(4))’’ and inserting ‘‘506(4) of

13 the Trade Act of 1974’’;

14 (B) in paragraph (2) by striking ‘‘505(c)

15 of the Trade Act of 1974 (19 U.S.C. 2465(c))’’

16 and inserting ‘‘504(b) of the Trade Act of

17 1974’’; and

18 (C) in paragraph (4) by striking

19 ‘‘502(a)(4)’’ and inserting ‘‘506(4)’’.

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