II

103D CONGRESS

1ST SESSION S. 1003

To provide authority for the President to enter into trade agreements to

conclude the Uruguay Round of multilateral trade negotiations under

the auspices of the General Agreement on Tariffs and Trade, to extend

tariff proclamation authority to carry out such agreements, and to apply

Congressional ‘‘fast track’’ procedures to a bill implementing such agreements.

IN THE SENATE OF THE UNITED STATES

MAY 20 (legislative day, APRIL 19), 1993

Mr. MOYNIHAN (for himself, Mr. PACKWOOD, Mr. ROCKEFELLER, and Mr.

CHAFEE) introduced the following bill; which was read twice and referred

to the Committee on Finance

A BILL

To provide authority for the President to enter into trade

agreements to conclude the Uruguay Round of multilateral trade negotiations under the auspices of the General

Agreement on Tariffs and Trade, to extend tariff proclamation authority to carry out such agreements, and to

apply Congressional ‘‘fast track’’ procedures to a bill

implementing such agreements.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
2

•S 1003 IS

1 SECTION 1. EXTENSION OF URUGUAY ROUND TRADE

2 AGREEMENT NEGOTIATING AND PROCLAMA3 TION AUTHORITY AND OF ‘‘FAST TRACK’’ PRO4 CEDURES TO IMPLEMENTING LEGISLATION.

5 Section 1102 of the Omnibus Trade and Competitive6 ness Act of 1988 (19 U.S.C. 2902) is amended by insert7 ing at the end the following new subsection:

8 ‘‘(e) SPECIAL PROVISIONS REGARDING URUGUAY

9 ROUND TRADE NEGOTIATIONS.—

10 ‘‘(1) IN GENERAL.—Notwithstanding the time

11 limitations in subsections (a) and (b), if the Uru12 guay Round of multilateral trade negotiations under

13 the auspices of the General Agreement on Tariffs

14 and Trade has not resulted in trade agreements by

15 May 31, 1993, the President may, during the period

16 after May 31, 1993, and before April 16, 1994,

17 enter into, under subsections (a) and (b), trade

18 agreements resulting from such negotiations.

19 ‘‘(2) APPLICATION OF TARIFF PROCLAMATION

20 AUTHORITY.—No proclamation under subsection (a)

21 to carry out the provisions regarding tariff barriers

22 of a trade agreement that is entered into pursuant

23 to paragraph (1) may take effect before the effective

24 date of a bill that implements the provisions regard25 ing nontariff barriers of a trade agreement that is

26 entered into under such paragraph.
3

•S 1003 IS

1 ‘‘(3) APPLICATION OF IMPLEMENTING AND

2 ‘FAST TRACK’ PROCEDURES.—Section 1103 applies

3 to any trade agreement negotiated under subsection

4 (b) pursuant to paragraph (1), except that—

5 ‘‘(A) in applying subsection (a)(1)(A) of

6 section 1103 to any such agreement, the phrase

7 ‘at least 120 calendar days before the day on

8 which he enters into the trade agreement (but

9 not later than December 15, 1993),’ shall be

10 substituted for the phrase ‘at least 90 calendar

11 days before the day on which he enters into the

12 trade agreement’; and

13 ‘‘(B) no provision of subsection (b) of sec14 tion 1103 other than paragraph (1)(A) applies

15 to any such agreement and in applying such

16 paragraph, ‘April 16, 1994;’ shall be sub17 stituted for ‘June 1, 1991;’.

18 ‘‘(4) ADVISORY COMMITTEE REPORTS.—The re19 port required under section 135(e)(1) of the Trade

20 Act of 1974 regarding any trade agreement provided

21 for under paragraph (1) shall be provided to the

22 President, the Congress, and the United States

23 Trade Representative not later than 30 days after

24 the date on which the President notifies the Con25 gress under section 1103(a)(1)(A) of his intention to
4

•S 1003 IS

1 enter into the agreement (but before January 15,

2 1994).’’.

Æ