Title: To correct technical omissions relating to international financial cooperation, and for other purposes.
Policy area: International Affairs

Summary:
This bill revises provisions implementing the United States-Mexico-Canada Agreement (USMCA) to preserve certain environmental agreements under the North American Free Trade Agreement and makes technical corrections to specified provisions implementing the USMCA. In addition, the bill allows the Department of the Treasury to subscribe to additional callable capital of the U.S. share of capital stock of the North American Development Bank.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6387 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6387

  To correct technical omissions relating to international financial 
                  cooperation, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 25, 2020

Mr. Gonzalez of Texas introduced the following bill; which was referred 
    to the Committee on Financial Services, and in addition to the 
Committee on Ways and Means, for a period to be subsequently determined 
 by the Speaker, in each case for consideration of such provisions as 
        fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To correct technical omissions relating to international financial 
                  cooperation, and for other purposes.

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

SECTION 1. TECHNICAL CORRECTIONS.

    (a) Environment Cooperation Commissions; North American Development 
Bank.--Section 601 of the United States-Mexico-Canada Agreement 
Implementation Act (Public Law 116-113; 134 Stat. 78) is amended by 
inserting ``, other than sections 532 and 533 of such Act and part 2 of 
subtitle D of title V of such Act (as amended by section 831 of this 
Act),'' before ``is repealed''.
    (b) Protective Orders.--Section 422 of the United States-Mexico-
Canada Agreement Implementation Act (134 Stat. 64) is amended in 
subsection (a)(2)(A) by striking ``all that follows through `, the 
administering authority''' and inserting ``all that follows through 
`Agreement, the administering authority'''.
    (c) Dispute Settlement.--Subsection (j) of section 504 of the 
United States-Mexico-Canada Agreement Implementation Act (134 Stat. 76) 
is amended in the item proposed to be inserted into the table of 
contents of such Act relating to section 414 by striking 
``determination'' and inserting ``determinations''.
    (d) Effective Date.--Each amendment made by this section shall take 
effect as if included in the enactment of the United States-Mexico-
Canada Agreement Implementation Act.
    (e) North American Development Bank: Limitation on Callable Capital 
Subscriptions.--The Secretary of the Treasury may subscribe without 
fiscal year limitation to the callable capital portion of the United 
States share of capital stock of the North American Development Bank in 
an amount not to exceed $1,020,000,000. The authority in the preceding 
sentence shall be in addition to any other authority provided by 
previous Acts.
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