IV 
110TH CONGRESS 
1ST SESSION 
H. RES. 338 
Encouraging increased cooperation between the United States and the 
European Union to strengthen the transatlantic market. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 25, 2007 
Mr. WEXLER (for himself, Mr. KIND, Mr. GALLEGLY, Mr. LANTOS, Mr. 
ENGEL, Mr. ENGLISH of Pennsylvania, and Mr. ISSA) submitted the fol-
lowing resolution; which was referred to the Committee on Foreign Af-
fairs 
RESOLUTION 
Encouraging increased cooperation between the United 
States and the European Union to strengthen the trans-
atlantic market. 
Whereas the United States and the European Union have de-
veloped a strong partnership for cooperation around the 
world, based on the foundation of their economic relation-
ship, which represents about 40 percent of the world’s 
commerce; 
Whereas the United States and the European Union are each 
other’s largest trading and investment partners, and this 
partnership is responsible for creating up to 14 million 
jobs on both sides of the Atlantic; 
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•HRES 338 IH 
Whereas since the establishment of the New Transatlantic 
Agenda in 1995 the United States and the European 
Union have each attempted numerous times at the 
United States-European Union Summits to remove non- 
tariff and regulatory barriers to trade but results have 
been disappointing; 
Whereas even greater economic cooperation between the 
United States and the European Union on efforts to re-
duce regulatory barriers to transatlantic trade and invest-
ment is needed to enhance the prosperity of peoples on 
both continents; 
Whereas these differing regulatory approaches not only slow 
transatlantic commerce and investment, but also force 
businesses to cope with different rules and procedures, 
creating higher transaction costs, thus weakening compa-
nies and job creation; 
Whereas the United States Congress plays a significant role 
in regulatory policy through both legislation and its over-
sight of regulatory agencies; and 
Whereas the United States Congress applauds the initiative 
of German Chancellor Angela Merkel to create a New 
Transatlantic Partnership by reducing barriers to trade: 
Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) supports the United States and the Euro-
pean Union in their commitment to launching dis-
cussions at the United States-European Union sum-
mit to be held on April 30, 2007, in Washington, 
DC, on improving regulatory cooperation, especially 
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•HRES 338 IH 
so as to encourage the development of new ap-
proaches to achieve greater economic cooperation; 
(2) calls on United States and European regu-
latory agencies to cooperate in efforts to reduce reg-
ulatory barriers across the Atlantic and consider 
how such agencies can contribute to that process; 
(3) urges the United States and the European 
Union to conduct a jointly-funded, cooperatively-led 
study of existing obstacles to creating a transatlantic 
market, including sector-by-sector estimates of the 
costs of existing barriers to trade and investment 
and the costs and benefits of removing the barriers; 
(4) recommends that the United States and Eu-
ropean Union negotiators report regularly to the 
United States Congress and the European Par-
liament on their progress so that these institutions 
may facilitate progress in the negotiations; and 
(5) encourages the business and labor commu-
nities in both the United States and the European 
Union to work with the United States Congress and 
the European Parliament, as well as European na-
tional parliaments, to advance the agenda of reduc-
ing regulatory barriers and strengthening the trans-
atlantic economic partnership. 
Æ 
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