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[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 4066 Introduced in Senate (IS)]

109th CONGRESS
  2d Session
                                S. 4066

To prohibit the designation of Brazil under title V of the Trade Act of 
                                 1974.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           November 16, 2006

  Mr. Graham introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL

To prohibit the designation of Brazil under title V of the Trade Act of 
                                 1974.

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

SECTION 1. GENERALIZED SYSTEM OF PREFERENCES.

    (a) Findings.--Congress makes the following findings:
            (1) The generalized system of preferences (GSP) is an 
        important economic tool which gives developing countries duty 
        free access to United States markets for certain products.
            (2) Brazil has utilized the benefits of the generalized 
        system of preferences to gain access into United States markets 
        and to increase Brazil's imports of automotive brakes, refined 
        copper cathodes, refined copper wires, plywood, parts of 
        generators, and other products.
            (3) Brazil is the third leading beneficiary under the 
        generalized system of preferences with respect to access into 
        the United States markets. The total value of imports from 
        Brazil under the generalized system of preferences was over 
        $3,600,000,000 in 2005.
            (4) When granting benefits under the generalized system of 
        preferences to a country, the President is directed to consider 
        the country's commitment to a liberal trade policy.
            (5) Brazil has imposed prohibitive antidumping duties of 
        over 100 percent against United States and Argentine exports of 
        polyethylene terephthalate (PET), which is a resin widely used 
        to make plastic packaging for soft drinks, foods, cosmetics, 
        and pharmaceuticals.
            (6) Brazil failed to conduct antidumping investigations 
        properly, in apparent violation of Article VI of the General 
        Agreement on Tariffs and Trade 1994, giving the United States 
        companies no opportunity to fully defend themselves or cure 
        alleged defects in their responses, despite their attempts to 
        cooperate fully.
    (b) Ineligibility for Generalized System of Preferences.--
            (1) In general.--Section 502(b)(1) of the Trade Act of 1974 
        (19 U.S.C. 2462(b)(1)) is amended by adding at the end the 
        following:
                    ``(J) Brazil.''.
            (2) Effective date.--The amendment made by this subsection 
        applies to goods entered, or withdrawn from warehouse for 
        consumption, on or after the 15th day after the date of 
        enactment of this Act.
                                 <all>
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