(1) any trade agreement entered into under sec-
tion 103 shall be treated as an agreement entered
into under section 101 or 102, as appropriate, of the
Trade Act of 1974 (19 U.S.C. 2111 or 2112); and
(2) any proclamation or Executive order issued
pursuant to a trade agreement entered into under
section 103 shall be treated as a proclamation or
Executive order issued pursuant to a trade agree-
ment entered into under section 102 of the Trade
Act of 1974.
SEC. 108. DEFINITIONS.
In this title:
(1) 
UNITED
STATES
PERSON.—The 
term
‘‘United States person’’ means—
(A) a United States citizen;
(B) a partnership, corporation, or other
legal entity organized under the laws of the
United States; and
(C) a partnership, corporation, or other
legal entity that is organized under the laws of
a foreign country and is controlled by entities
described in subparagraph (B) or United States
citizens, or both.
(2) URUGUAY ROUND AGREEMENTS.—The term
‘‘Uruguay Round Agreements’’ has the meaning
given that term in section 2(7) of the Uruguay
Round Agreements Act (19 U.S.C. 3501(7)).
(3) WORLD TRADE ORGANIZATION.—The term
‘‘World Trade Organization’’ means the organization
established pursuant to the WTO Agreement.
(4) WTO 
AGREEMENT.—The term ‘‘WTO
Agreement’’ means the Agreement Establishing the
World Trade Organization entered into on April 15,
1994.
TITLE II—TRADE ADJUSTMENT
ASSISTANCE
SEC. 201. ADJUSTMENT ASSISTANCE FOR WORKERS.
Section 245 of the Trade Act of 1974 (19 U.S.C.
2317) is amended—
(1) in subsection (a) by striking ‘‘1993’’ and all
that follows through ‘‘1998’’ and inserting ‘‘1998,
1999, and 2000’’; and
(2) in subsection (b) by striking ‘‘1994’’ and all
that follows through ‘‘1998’’ and inserting ‘‘1998,
1999, and 2000’’.
SEC. 202. ADJUSTMENT ASSISTANCE FOR FIRMS.
Section 256(b) of the Trade Act of 1974 (19 U.S.C.
2346(b)) is amended by striking ‘‘1993’’ and all that fol-
lows through ‘‘1998’’ and inserting ‘‘1998, 1999, and
2000’’.
SEC. 203. GENERAL ACCOUNTING OFFICE REPORT.
Section 280(a) of the Trade Act of 1974 (19 U.S.C.
2391(a)) is amended—
(1) by striking ‘‘2, 3, and 4’’ and inserting ‘‘2
and 3’’; and
(2) by striking ‘‘January 31, 1980’’ and insert-
ing ‘‘October 1, 1999’’.
SEC. 204. TERMINATION.
Section 285(c) of the Trade Act of 1974 (19 U.S.C.
2271 note) is amended in paragraphs (1) and (2)(A)(i)
by striking ‘‘1998’’ and inserting ‘‘2000’’.
SEC. 205. EFFECTIVE DATE.
The amendments made by this title take effect on the
date of the enactment of this Act.
TITLE III—REVENUE
PROVISIONS
SEC. 301. REPEAL OF SPECIAL RULE FOR RENTAL USE OF
VACATION HOMES, ETC., FOR LESS THAN 15
DAYS.
(a) IN GENERAL.—Section 280A of the Internal Rev-
enue Code of 1986 (relating to disallowance of certain ex-
penses in connection with business use of home, rental of
vacation homes, etc.) is amended by striking subsection
(g).
(b) NO BASIS REDUCTION UNLESS DEPRECIATION
CLAIMED.—Section 1016 of such Code is amended by re-
designating subsection (e) as subsection (f) and by insert-
ing after subsection (d) the following new subsection:
‘‘(e) SPECIAL RULE WHERE RENTAL USE OF VACA-
TION HOME, ETC., FOR LESS THAN 15 DAYS.—If a dwell-
ing unit is used during the taxable year by the taxpayer
as a residence and such dwelling unit is actually rented
for less than 15 days during the taxable year, the reduc-
tion under subsection (a)(2) by reason of such rental use
in any taxable year beginning after December 31, 1997,
shall not exceed the depreciation deduction allowed for
such rental use.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1997.
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