II 

109TH CONGRESS 

2D SESSION S. 3967 

To require the International Trade Commission to report on the specific 

impact of each free trade agreement in force with respect to the United 

States on a sector-by-sector basis, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 28, 2006 

Mrs. CLINTON introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL 

To require the International Trade Commission to report 

on the specific impact of each free trade agreement in 

force with respect to the United States on a sectorby-sector basis, and for other purposes. 

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 ‘‘Trade Agreement As5 sessment Act’’. 

6 SEC. 2. ITC REPORT. 

7 (a) IN GENERAL.—Not later than 2 years after the 

8 date of the enactment of this Act, 5 years after the date 


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1 of the enactment of this Act, and every 5 years thereafter, 

2 the International Trade Commission shall submit a report 

3 to Congress on each free trade agreement in force with 

4 respect to the United States. The report shall, with respect 

5 to each free trade agreement, contain an analysis and as6 sessment of the analysis and predictions made by the 

7 International Trade Commission, the United States Trade 

8 Representative, and other Federal agencies, before imple9 mentation of the agreement and actual results of the 

10 agreement on the United States economy. 

11 (b) CONTENTS OF REPORT.—Each report required 

12 by subsection (a) shall contain the following: 

13 (1) With respect to the United States and each 

14 country that is a party to a free trade agreement, 

15 an assessment and quantitative analysis of how each 

16 agreement— 

17 (A) is fostering economic growth; 

18 (B) is improving living standards; 

19 (C) is helping create jobs; and 

20 (D) is reducing or eliminating barriers to 

21 trade and investment. 

22 (2) An assessment and quantitative analysis of 

23 how each agreement is meeting the specific objec24 tives and goals set out in connection with the imple25 mentation of that agreement, the impact of the 


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1 agreement on the United States economy as a whole, 

2 and on specific industry sectors, including the im3 pact the agreement is having on— 

4 (A) the gross domestic product; 

5 (B) exports and imports; 

6 (C) aggregate employment, and competi7 tive positions of industries; 

8 (D) United States consumers; and 

9 (E) the overall competitiveness of the 

10 United States. 

11 (3) An assessment and quantitative analysis of 

12 how each agreement is meeting the goals and objec13 tives for the agreement on a sector-by-sector basis, 

14 including— 

15 (A) trade in goods; 

16 (B) customs matters, rules or origin, and 

17 enforcement cooperation; 

18 (C) sanitary and phytosanitary measures; 

19 (D) intellectual property rights; 

20 (E) trade in services; 

21 (F) electronic commerce; 

22 (G) government procurement; 

23 (H) transparency, anti-corruption; and reg24 ulatory reform; and 


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1 (I) any other issues with respect to which 

2 the International Trade Commission submitted 

3 a report under section 2104(f) of the Bipar4 tisan Trade Promotion Authority Act of 2002. 

5 (4) A summary of how each country that is a 

6 party to an agreement has changed its labor and en7 vironmental laws since entry into force of the agree8 ment. 

9 (5) An analysis of whether the agreement is 

10 making progress in achieving the applicable pur11 poses, policies, priorities, and objectives of the Bi12 partisan Trade Promotion Authority Act of 2002. 

Æ 


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