(B) An increase in the rate of duty im-
posed on the article to a level that does not ex-
ceed the lesser of— 
(i) the column 1 general rate of duty 
imposed under the HTS on like articles for 
the corresponding season immediately pre-
ceding the date the import relief is pro-
vided; or 
(ii) the column 1 general rate of duty 
imposed under the HTS for the cor-
responding season immediately preceding 
the date on which the Agreement enters 
into force. 
(3) PROGRESSIVE LIBERALIZATION.—If the pe-
riod for which import relief is provided under this 
section is greater than 1 year, the President shall 
provide for the progressive liberalization (described 
in article 10.2.7 of the Agreement) of such relief at 
regular intervals during the period of its application. 
(d) PERIOD OF RELIEF.— 
(1) IN GENERAL.—Subject to paragraph (2), 
any import relief that the President provides under 
this section may not be in effect for more than 2 
years. 
(2) EXTENSION.— 
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(A) IN
GENERAL.—Subject to subpara-
graph (C), the President, after receiving a de-
termination from the Commission under sub-
paragraph (B) that is affirmative, or which the 
President considers to be affirmative under 
paragraph (1) of section 330(d) of the Tariff 
Act of 1930 (19 U.S.C. 1330(d)(1)), may ex-
tend the effective period of any import relief 
provided under this section by up to 1 year, if 
the President determines that— 
(i) the import relief continues to be 
necessary to remedy or prevent serious in-
jury and to facilitate adjustment by the do-
mestic industry to import competition; and 
(ii) there is evidence that the industry 
is making a positive adjustment to import 
competition. 
(B) ACTION BY COMMISSION.— 
(i) INVESTIGATION.—Upon a petition 
on behalf of the industry concerned that is 
filed with the Commission not earlier than 
the date that is 9 months, and not later 
than the date that is 6 months, before the 
date on which any action taken under sub-
section (a) is to terminate, the Commission 
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shall conduct an investigation to determine 
whether action under this section continues 
to be necessary to remedy or prevent seri-
ous injury and whether there is evidence 
that the industry is making a positive ad-
justment to import competition. 
(ii) 
NOTICE
AND
HEARING.—The 
Commission shall publish notice of the 
commencement of any proceeding under 
this subparagraph in the Federal Register 
and shall, within a reasonable time there-
after, hold a public hearing at which the 
Commission shall afford interested parties 
and consumers an opportunity to be 
present, to present evidence, and to re-
spond to the presentations of other parties 
and consumers, and otherwise to be heard. 
(iii) REPORT.—The Commission shall 
submit to the President a report on its in-
vestigation and determination under this 
subparagraph not later than 60 days be-
fore the action under subsection (a) is to 
terminate, unless the President specifies a 
different date. 
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(C) PERIOD OF IMPORT RELIEF.—Any im-
port relief provided under this section, including 
any extensions thereof, may not, in the aggre-
gate, be in effect for more than 3 years. 
(e) RATE AFTER TERMINATION
OF IMPORT RE-
LIEF.—Beginning on the date on which import relief 
under this section is terminated with respect to an article, 
the rate of duty on that article shall be the rate that would 
have been in effect but for the provision of such relief. 
(f) ARTICLES EXEMPT FROM RELIEF.—No import 
relief may be provided under this section on any article 
that is subject to import relief under— 
(1) subtitle B or C; or 
(2) chapter 1 of title II of the Trade Act of 
1974 (19 U.S.C. 2251 et seq.). 
SEC. 314. TERMINATION OF RELIEF AUTHORITY. 
(a) GENERAL RULE.—Subject to subsection (b), no 
import relief may be provided under this subtitle after the 
date that is 10 years after the date on which the Agree-
ment enters into force. 
(b) EXCEPTION.—If an article for which relief is pro-
vided under this subtitle is an article for which the period 
for tariff elimination, set forth in the Schedule of the 
United States to Annex 2-B of the Agreement, is greater 
than 10 years, no relief under this subtitle may be pro-
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vided for that article after the date on which that period 
ends. 
(c) PRESIDENTIAL DETERMINATION.—Import relief 
may be provided under this subtitle in the case of a Ko-
rean article after the date on which such relief would, but 
for this subsection, terminate under subsection (a) and 
(b), if the President determines that Korea has consented 
to such relief. 
SEC. 315. COMPENSATION AUTHORITY. 
For purposes of section 123 of the Trade Act of 1974 
(19 U.S.C. 2133), any import relief provided by the Presi-
dent under section 313 shall be treated as action taken 
under chapter 1 of title II of such Act (19 U.S.C. 2251 
et seq.). 
SEC. 316. CONFIDENTIAL BUSINESS INFORMATION. 
Section 202(a)(8) of the Trade Act of 1974 (19 
U.S.C. 2252(a)(8)) is amended in the first sentence— 
(1) by striking ‘‘and’’; and 
(2) by inserting before the period at the end ‘‘, 
and title III of the United States–Korea Free Trade 
Agreement Implementation Act’’. 
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Subtitle B—Motor Vehicle 
Safeguard Measures 
SEC. 321. MOTOR VEHICLE SAFEGUARD MEASURES. 
The provisions of subtitle A shall apply with respect 
to a Korean motor vehicle article to the same extent that 
such provisions apply to Korean articles, except as follows: 
(1) Section 311(d) and paragraphs (2) and (3) 
of 313(c) shall not apply. 
(2) Section 313(d)(2)(A) shall be applied and 
administered by substituting ‘‘2 years’’ for ‘‘1 year’’. 
(3) Section 313(d)(2)(C) shall be applied and 
administered by substituting ‘‘4 years’’ for ‘‘3 
years’’. 
(4) Section 313(f)(1) shall be applied and ad-
ministered by substituting ‘‘subtitle A’’ for ‘‘subtitle 
B or C’’. 
(5) Section 314(b) shall be applied and admin-
istered as if such section read as follows: 
‘‘(b) EXCEPTION.—Import relief may be provided 
under this subtitle with respect to a Korean motor vehicle 
article during any period before the date that is 10 years 
after the date on which duties on the article are elimi-
nated, as set forth in section 201(d), or, if the article is 
not referred to in section 201(d), the Schedule of the 
United States to Annex 2-B of the Agreement.’’. 
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