subsection (b) after September 30, 2001, and be-
fore October 1, 2005, if (and only if)—
(i) the President requests such exten-
sion under paragraph (2); and
(ii) neither House of the Congress
adopts an extension disapproval resolution
under paragraph (5) before October 1, 2001.
(2) REPORT
TO
CONGRESS
BY
THE
PRESI-
DENT.—If the President is of the opinion that the
trade authorities procedures should be extended to im-
plementing bills described in paragraph (1)(B), the
President shall submit to the Congress, not later than
July 1, 2001, a written report that contains a request
for such extension, together with—
(A) a description of all trade agreements
that have been negotiated under subsection (b)
and the anticipated schedule for submitting such
agreements to the Congress for approval;
(B) a description of the progress that has
been made in negotiations to achieve the pur-
poses, policies, and objectives of this title, and a
statement that such progress justifies the con-
tinuation of negotiations; and
(C) a statement of the reasons why the ex-
tension is needed to complete the negotiations.
(3) REPORT
TO
CONGRESS
BY
THE
ADVISORY
COMMITTEE.—The President shall promptly inform
the Advisory Committee for Trade Policy and Nego-
tiations established under section 135 of the Trade
Act of 1974 (19 U.S.C. 2155) of the President’s deci-
sion to submit a report to the Congress under para-
graph (2). The Advisory Committee shall submit to
the Congress as soon as practicable, but not later than
August 1, 2001, a written report that contains—
(A) its views regarding the progress that
has been made in negotiations to achieve the
purposes, policies, and objectives of this title; and
(B) a statement of its views, and the rea-
sons therefor, regarding whether the extension re-
quested under paragraph (2) should be approved
or disapproved.
(4) REPORTS MAY BE CLASSIFIED.—The reports
submitted to the Congress under paragraphs (2) and
(3), or any portion of such reports, may be classified
to the extent the President determines appropriate.
(5) EXTENSION
DISAPPROVAL
RESOLUTIONS.—
(A) For purposes of paragraph (1), the term ‘‘exten-
sion disapproval resolution’’ means a resolution of ei-
ther House of the Congress, the sole matter after the
resolving clause of which is as follows: ‘‘That the ll
disapproves the request of the President for the exten-
sion, under section 103(c)(1)(B)(i) of the Reciprocal
Trade Agreement Authorities Act of 1997, of the pro-
visions of section 151 of the Trade Act of 1974 to any
implementing bill submitted with respect to any trade
agreement entered into under section 103(b) of the Re-
ciprocal Trade Agreement Authorities Act of 1997
after September 30, 2001.’’, with the blank space
being filled with the name of the resolving House of
the Congress.
(B) Extension disapproval resolutions—
(i) may be introduced in either House of the
Congress by any member of such House; and
(ii) shall be referred, in the House of Rep-
resentatives, to the Committee on Ways and
Means and, in addition, to the Committee on
Rules.
(C) The provisions of sections 152(d) and (e) of
the Trade Act of 1974 (19 U.S.C. 2192(d) and (e))
(relating to the floor consideration of certain resolu-
tions in the House and Senate) apply to extension
disapproval resolutions.
(D) It is not in order for—
(i) the Senate to consider any extension dis-
approval resolution not reported by the Commit-
tee on Finance;
(ii) the House of Representatives to consider
any extension disapproval resolution not re-
ported by the Committee on Ways and Means
and, in addition, by the Committee on Rules; or
(iii) either House of the Congress to con-
sider an extension disapproval resolution after
September 30, 2001.
SEC. 104. CONSULTATIONS.
(a) NOTICE AND CONSULTATION BEFORE NEGOTIA-
TION.—
(1) IN GENERAL.—The President, with respect to
any agreement that is subject to the provisions of sec-
tion 103(b), shall—
(A) provide, at least 90 calendar days before
initiating negotiations, written notice to the
Congress of the President’s intention to enter
into the negotiations and set forth therein the
date the President intends to initiate such nego-
tiations, the specific United States objectives for
the negotiations, and whether the President in-
tends to seek an agreement, or changes to an ex-
isting agreement; and
(B) before and after submission of the no-
tice, consult regarding the negotiations with the
Committee on Finance of the Senate and the
Committee on Ways and Means of the House of
Representatives and such other committees of the
House and Senate as the President deems appro-
priate.
(2) CONSULTATIONS REGARDING NEGOTIATIONS
ON CERTAIN OBJECTIVES.—
(A) CONSULTATION.—In addition to the re-
quirements set forth in paragraph (1), before ini-
tiating negotiations with respect to a trade
agreement subject to section 103(b) where the
subject matter of such negotiations is directly re-
lated to the principal trade negotiating objectives
set forth in section 102(b)(1) or section
102(b)(7), the President shall consult with the
Committee on Ways and Means of the House of
Representatives and the Committee on Finance
of the Senate and with the appropriate advisory
groups established under section 135 of the Trade
Act of 1974 with respect to such negotiations.
(B) SCOPE.—The consultations described in
subparagraph (A) shall concern the manner in
which the negotiation will address the objective
of reducing or eliminating a specific tariff or
nontariff barrier or foreign government policy or
practice directly related to trade that decreases
market opportunities for United States exports
or otherwise distorts United States trade.
(3) NEGOTIATIONS REGARDING AGRICULTURE.—
Before initiating negotiations the subject matter of
which is directly related to the subject matter under
section 102(b)(6)(A) with any country, the President
shall assess whether United States tariffs on agri-
culture products that were bound under the Uruguay
Round Agreements are lower than the tariffs bound
by that country. In addition, the President shall con-
sider whether the tariff levels bound and applied
throughout the world with respect to imports from the
United States are higher than United States tariffs
and whether the negotiation provides an opportunity
to address any such disparity. The President shall
consult with the Committee on Ways and Means and
the Committee on Agriculture of the House of Rep-
resentatives and the Committee on Finance and the
Committee on Agriculture, Nutrition, and Forestry of
the Senate concerning the results of the assessment,
whether it is appropriate for the United States to
agree to further tariff reductions based on the conclu-
sions reached in the assessment, and how all applica-
ble negotiating objectives will be met.
(b) CONSULTATION WITH CONGRESS BEFORE AGREE-
MENTS ENTERED INTO.—
(1) CONSULTATION.—Before entering into any
trade agreement under section 103(b), the President
shall consult with—
(A) the Committee on Ways and Means of
the House of Representatives and the Committee
on Finance of the Senate; and
(B) each other committee of the House and
the Senate, and each joint committee of the Con-
gress, which has jurisdiction over legislation in-
volving subject matters which would be affected
by the trade agreement.
(2) SCOPE.—The consultation described in para-
graph (1) shall include consultation with respect to—
(A) the nature of the agreement;
(B) how and to what extent the agreement
will achieve the applicable purposes, policies,
and objectives of this title; and
(C) the implementation of the agreement
under section 105, including the general effect of
the agreement on existing laws.
(c) ADVISORY COMMITTEE REPORTS.—The report re-
quired under section 135(e)(1) of the Trade Act of 1974 re-
garding any trade agreement entered into under section
103(a) or (b) of this Act shall be provided to the President,
the Congress, and the United States Trade Representative
not later than 30 days after the date on which the President
notifies 
the 
Congress 
under 
section 
103(a)(1) 
or
105(a)(1)(A) of the President’s intention to enter into the
agreement.
SEC. 105. IMPLEMENTATION OF TRADE AGREEMENTS.
(a) IN GENERAL.—
(1) NOTIFICATION AND SUBMISSION.—Any agree-
ment entered into under section 103(b) shall enter
into force with respect to the United States if (and
only if)—
(A) the President, at least 90 calendar days
before the day on which the President enters into
the trade agreement, notifies the House of Rep-
resentatives and the Senate of the President’s in-
tention to enter into the agreement, and prompt-
ly thereafter publishes notice of such intention in
the Federal Register;
(B) within 60 days after entering into the
agreement, the President submits to the Congress
a description of those changes to existing laws
that the President considers would be required in
order to bring the United States into compliance
with the agreement;
(C) after entering into the agreement, the
President submits a copy of the final legal text
of the agreement, together with—
(i) a draft of an implementing bill de-
scribed in section 103(b)(3);
(ii) a statement of any administrative
action proposed to implement the trade
agreement; and
(iii) the supporting information de-
scribed in paragraph (2); and
(D) the implementing bill is enacted into
law.
(2) SUPPORTING INFORMATION.—The supporting
information required under paragraph (1)(C)(iii)
consists of—
(A) an explanation as to how the imple-
menting bill and proposed administrative action
will change or affect existing law; and
(B) a statement—
(i) asserting that the agreement makes
progress in achieving the applicable pur-
poses, policies, and objectives of this title;
(ii) setting forth the reasons of the
President regarding—
(I) how and to what extent the
agreement makes progress in achieving
the applicable purposes, policies, and
objectives referred to in clause (i);
(II) whether and how the agree-
ment changes provisions of an agree-
ment previously negotiated;
(III) how the agreement serves the
interests of United States commerce;
and
(IV) how the implementing bill
meets the standards set forth in section
103(b)(3).
(3) RECIPROCAL BENEFITS.—In order to ensure
that a foreign country that is not a party to a trade
agreement entered into under section 103(b) does not
receive benefits under the agreement unless the coun-
try is also subject to the obligations under the agree-
ment, the implementing bill submitted with respect to
the agreement shall provide that the benefits and obli-
gations under the agreement apply only to the parties
to the agreement, if such application is consistent
with the terms of the agreement. The implementing
bill may also provide that the benefits and obligations
under the agreement do not apply uniformly to all
parties to the agreement, if such application is con-
sistent with the terms of the agreement.
(b) LIMITATIONS
ON TRADE AUTHORITIES PROCE-
DURES.—
(1) FOR LACK OF CONSULTATIONS.—
(A) IN
GENERAL.—The trade authorities
procedures shall not apply to any implementing
bill submitted with respect to a trade agreement
entered into under section 103(b) if during the
60-day period beginning on the date that one
House of Congress agrees to a procedural dis-
approval resolution for lack of notice or consulta-
tions with respect to that trade agreement, the
other House separately agrees to a procedural
disapproval resolution with respect to that agree-
ment.
(B) PROCEDURAL
DISAPPROVAL
RESOLU-
TION.—For purposes of this paragraph, the term
‘‘procedural disapproval resolution’’ means a
resolution of either House of Congress, the sole
matter after the resolving clause of which is as
follows: ‘‘That the President has failed or refused
to notify or consult (as the case may be) with
Congress in accordance with section 104 or 105
of the Reciprocal Trade Agreement Authorities
Act of 1997 on negotiations with respect to, or
entering into, a trade agreement to which section
103(b) of that Act applies and, therefore, the pro-
visions of section 151 of the Trade Act of 1974
shall not apply to any implementing bill submit-
ted with respect to that trade agreement.’’.
(2) PROCEDURES
FOR
CONSIDERING
RESOLU-
TIONS.—(A) Procedural disapproval resolutions—
(i) in the House of Representatives—
(I) shall be introduced by the chairman
or ranking minority member of the Com-
mittee on Ways and Means or the chairman
or ranking minority member of the Com-
mittee on Rules;
(II) shall be referred to the Committee
on Ways and Means and, in addition, to
the Committee on Rules; and
(III) may not be amended by either
Committee; and
(ii) in the Senate shall be original resolu-
tions of the Committee on Finance.
(B) The provisions of section 152(d) and (e) of
the Trade Act of 1974 (19 U.S.C. 2192(d) and (e))
(relating to the floor consideration of certain resolu-
tions in the House and Senate) apply to procedural
disapproval resolutions.
(C) It is not in order for the House of Represent-
atives to consider any procedural disapproval resolu-
tion not reported by the Committee on Ways and
Means and, in addition, by the Committee on Rules.
(c) RULES OF HOUSE OF REPRESENTATIVES AND SEN-
ATE.—Subsection (b) of this section and section 103(c) are
enacted by the Congress—
(1) as an exercise of the rulemaking power of the
House of Representatives and the Senate, respectively,
and as such are deemed a part of the rules of each
House, respectively, and such procedures supersede
other rules only to the extent that they are inconsist-
ent with such other rules; and
(2) with the full recognition of the constitutional
right of either House to change the rules (so far as re-
lating to the procedures of that House) at any time,
in the same manner, and to the same extent as any
other rule of that House.
SEC. 106. TREATMENT OF CERTAIN TRADE AGREEMENTS.
(a) CERTAIN AGREEMENTS.—Notwithstanding section
103(b)(2), if an agreement to which section 103(b) ap-
plies—
of a failure or refusal to comply with the provisions
of section 104(a); and
(2) the President shall consult regarding the ne-
gotiations described in subsection (a) with the com-
mittees described in section 104(a)(1)(B) as soon as
feasible after the enactment of this Act.
SEC. 107. CHIEF AGRICULTURAL NEGOTIATOR.
(a) ESTABLISHMENT OF POSITION.—There shall be in
the Office of the United States Trade Representative a Chief
Agricultural Negotiator, who shall be appointed by the
President, by and with the advice and consent of the Senate.
The Chief Agricultural Negotiator shall hold office at the
pleasure of the President and shall have the rank of Ambas-
sador.
(b) FUNCTIONS.—The Chief Agricultural Negotiator
shall have as his or her primary function the conduct of
trade negotiations relating to agricultural commodities and
shall have such other functions as the United States Trade
Representative may direct.
(c) COMPENSATION.—The Chief Agricultural Nego-
tiator shall be paid at the highest rate of basic pay payable
to a member of the Senior Executive Service.
SEC. 108. CONFORMING AMENDMENTS.
(a) IN GENERAL.—Title I of the Trade Act of 1974
(19 U.S.C. 2111 et seq.) is amended as follows:
(1) IMPLEMENTING BILL.—
(A) 
Section 
151(b)(1) 
(19 
U.S.C.
2191(b)(1)) is amended by striking ‘‘section
1103(a)(1) of the Omnibus Trade and Competi-
tiveness Act of 1988, or section 282 of the Uru-
guay Round Agreements Act’’ and inserting ‘‘sec-
tion 282 of the Uruguay Round Agreements Act,
or section 105(a)(1) of the Reciprocal Trade
Agreement Authorities Act of 1997’’.
(B) 
Section 
151(c)(1) 
(19 
U.S.C.
2191(c)(1)) is amended by striking ‘‘or section
282 of the Uruguay Round Agreements Act’’ and
inserting ‘‘, section 282 of the Uruguay Round
Agreements Act, or section 105(a)(1) of the Re-
ciprocal Trade Agreement Authorities Act of
1997’’.
(2) ADVICE FROM INTERNATIONAL TRADE COM-
MISSION.—Section 131 (19 U.S.C. 2151) is amend-
ed—
(A) in subsection (a)—
(i) in paragraph (1), by striking ‘‘sec-
tion 123 of this Act or section 1102 (a) or
(c) of the Omnibus Trade and Competitive-
ness Act of 1988,’’ and inserting ‘‘section
123 of this Act or section 103(a) or (b) of
the Reciprocal Trade Agreement Authorities
Act of 1997,’’; and
(ii) in paragraph (2), by striking ‘‘sec-
tion 1102 (b) or (c) of the Omnibus Trade
and Competitiveness Act of 1988’’ and in-
serting ‘‘section 103(b) of the Reciprocal
Trade Agreement Authorities Act of 1997’’;
(B) in subsection (b), by striking ‘‘section
1102(a)(3)(A)’’ 
and 
inserting 
‘‘section
103(a)(3)(A) of the Reciprocal Trade Agreement
Authorities Act of 1997’’ before the end period;
and
(C) in subsection (c), by striking ‘‘section
1102 of the Omnibus Trade and Competitiveness
Act of 1988,’’ and inserting ‘‘section 103 of the
Reciprocal Trade Agreement Authorities Act of
1997,’’.
(3) HEARINGS
AND
ADVICE.—Sections 132,
133(a), and 134(a) (19 U.S.C. 2152, 2153(a), and
2154(a)) are each amended by striking ‘‘section 1102
of the Omnibus Trade and Competitiveness Act of
1988,’’ each place it appears and inserting ‘‘section
103 of the Reciprocal Trade Agreement Authorities
Act of 1997,’’.
(4) 
PREREQUISITES
FOR
OFFERS.—Section
134(b) (19 U.S.C. 2154(b)) is amended by striking
‘‘section 1102 of the Omnibus Trade and Competitive-
ness Act of 1988’’ and inserting ‘‘section 103 of the
Reciprocal Trade Agreement Authorities Act of 1997’’.
(5) ADVICE
FROM
PRIVATE
AND
PUBLIC
SEC-
TORS.—Section 135 (19 U.S.C. 2155) is amended—
(A) in subsection (a)(1)(A), by striking
‘‘section 1102 of the Omnibus Trade and Com-
petitiveness Act of 1988’’ and inserting ‘‘section
103 of the Reciprocal Trade Agreement Authori-
ties Act of 1997’’;
(B) in subsection (e)(1)—
(i) by striking ‘‘section 1102 of the
Omnibus Trade and Competitiveness Act of
1988’’ each place it appears and inserting
‘‘section 103 of the Reciprocal Trade Agree-
ment Authorities Act of 1997’’; and
(ii) by striking ‘‘section 1103(a)(1)(A)
of such Act of 1988’’ and inserting ‘‘section
105(a)(1)(A) of the Reciprocal Trade Agree-
ment Authorities Act of 1997’’; and
(C) in subsection (e)(2), by striking ‘‘section
1101 of the Omnibus Trade and Competitiveness
Act of 1988’’ and inserting ‘‘section 102 of the
Reciprocal Trade Agreement Authorities Act of
1997’’.
(6) TRANSMISSION
OF
AGREEMENTS
TO
CON-
GRESS.—Section 162(a) (19 U.S.C. 2212(a)) is
amended by striking ‘‘or under section 1102 of the
Omnibus Trade and Competitiveness Act of 1988’’
and inserting ‘‘or under section 103 of the Reciprocal
Trade Agreement Authorities Act of 1997’’.
(b) APPLICATION OF CERTAIN PROVISIONS.—For pur-
poses of applying sections 125, 126, and 127 of the Trade
Act of 1974 (19 U.S.C. 2135, 2136(a), and 2137)—
(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 sec-
tion 103 shall be treated as a proclamation or Execu-
tive order issued pursuant to a trade agreement en-
tered into under section 102 of the Trade Act of 1974.
SEC. 109. 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 Agree-
ment’’ 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 follows
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 Reve-
nue 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 redes-
ignating subsection (e) as subsection (f) and by inserting
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 reduction
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 Decem-
ber 31, 1997.