Trade Preference Extension and Expansion Act of 2006

Bill: 109-hr-5070
Sponsor: Rep. Rangel, Charles B. [D-NY-15]
Introduced: 2006-03-30 in the House
Policy area: Foreign Trade and International Finance
Subjects: Administrative procedure
Administrative remedies
Africa (Sub-Saharan)
Agribusiness
Agricultural assistance
Agricultural estimating and reporting
Agricultural machinery
Agriculture and Food
Agriculture in foreign trade
American investments
Bank loans
Bolivia
Bribery
China
Civil Rights and Liberties, Minority Issues
Clothing
Colombia
Commerce
Compensation (Law)
Conferences
Congress
Congress and foreign policy
Congressional oversight
Congressional reporting requirements
Contracts
Credit insurance
Crime and Law Enforcement
Department of Homeland Security
Developing countries
Diversification in industry
Due process of law
East Asia
Economic development
Economic growth
Economics and Public Finance
Ecuador
Employee rights
Equality before the law
Export finance
Export-Import Bank of the United States
Exports
Federal advisory bodies
Finance and Financial Sector
Food industry
Foreign investments
Foreign leaders
Foreign trade promotion
Free enterprise
Free trade
Government Operations and Politics
Government corporations
Human rights
Import restrictions
Imports
Intellectual property
International Affairs
Investment guaranty insurance
Job creation
Labor and Employment
Labor productivity
Land use
Latin America
Law
Liberia
Mauritius
Misconduct in office
Negotiations
Nongovernmental organizations
Overseas Private Investment Corporation
Peru
Pluralism (Social sciences)
President and foreign policy
Public Lands and Natural Resources
Public-private partnerships
Right of property
Rule of law
Science, Technology, Communications
Small business
Small farms
State-sponsored terrorism
Storage
Subsidies
Sustainable development
Tariff preferences
Tax treaties
Taxation
Technical assistance
Technology transfer
Terrorism
Textile fabrics
Textile industry
Trade agreements
Trade negotiations
Women
Women in government

Summary:
action_date: 2006-03-30
text: 
Trade Preference Extension and Expansion Act of 2006 - Amends the Trade Act of 1974 to extend the Generalized System of Preferences (GSP) Program from December 31, 2006, through December 31, 2007.
 
Amends the Andean Trade Preference Act to extend from December 31, 2006, through December 31, 2007 the duty-free treatment or other preferential treatment for beneficiary countries under the Act.
 
Amends the African Growth and Opportunity Act to change from mandatory to discretionary the authority of the President to terminate the designation of an eligible beneficiary sub-Saharan African country for failing to continue compliance with such Act. Requires the President to notify Congress, and allows him to proceed with termination only if Congress fails to prohibit it.
 
Authorizes the U.S. Trade Representative (USTR) to provide grants to U.S. nongovernmental organizations and private sector representatives to host the annual United States-Sub-Saharan African Trade and Economic Cooperation Forum.
 
Amends the African Growth and Opportunity Act (AGOA) to revise the designation for preferential treatment of apparel articles wholly assembled in one or more beneficiary sub-Saharan African countries from certain regional fabric or yarns. Specifies for such duty-free treatment apparel articles that are both cut (or knit-to-shape) and sewn or otherwise assembled in one or more such countries.
 

 

 
Directs the President to develop a comprehensive plan addressing specified issues to promote economic reforms and development in sub-Saharan Africa.
 
Requires the President to establish additional duty-free access for beneficiary sub-Saharan African countries for agricultural products governed by current tariff-rate quotas.
 
Authorizes the Administrator of the United States Agency for International Development (USAID) to make grants to governmental and nongovernmental entities in beneficiary sub-Saharan African countries that can provide assistance, consultation, and equipment to local agribusinesses to enable their products to meet U.S. import requirements.
 
Requires the Secretary of Agriculture to direct the Foreign Agriculture Service to work with national African agricultural organizations to identify needs and implement programs that strengthen member ability to fulfill these needs in conjunction with export credit guarantee programs.
 
Amends the Export-Import Bank Act of 1945 to specify the use of resources of the Export-Import Bank of the United States and the Overseas Private Investment Corporation to encourage industrial and agricultural development in beneficiary sub-Saharan African countries.
 
Expresses the sense of Congress for USAID technical assistance in development of domestic tax policies in such countries to replace lost trade tax revenues resulting from trade liberalization.
 
Requires the Secretary of the Treasury and the USTR to seek negotiations with such countries for income tax treaties and bilateral investment agreements, respectively, with the United States.
 
Expresses the sense of Congress with respect to sub-Saharan Africa development and trade capacity.
 
Requires U.S. infrastructure and industry-building assistance needed for sustainable economic development of sub-Saharan Africa.
 
Sets forth the sense of Congress regarding the October 2005 election of Ms. Ellen Johnson Sirleaf as President of Liberia.


Legislative actions:
action_date: 2006-03-30
text: Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, 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.
action_date: 2006-03-30
text: Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, 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.
action_date: 2006-03-30
text: Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, 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.
action_date: 2006-03-30
text: Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, 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.
action_date: 2006-03-30
text: Sponsor introductory remarks on measure. (CR E478)
action_date: 2006-03-30
text: Introduced in House
action_date: 2006-03-30
text: Introduced in House