AGOA Extension Act of 2006

Bill: 109-s-3843
Sponsor: Sen. Lugar, Richard G. [R-IN]
Introduced: 2006-09-05 in the Senate
Policy area: Foreign Trade and International Finance
Subjects: Administrative procedure
Africa (Sub-Saharan)
Agribusiness
Agricultural assistance
Agricultural industries
Agricultural machinery
Agricultural prices
Agriculture and Food
Agriculture in foreign trade
American investments
Bank loans
Capital
China
Civil Rights and Liberties, Minority Issues
Civil War
Clothing
Commerce
Conferences
Congress
Congress and foreign policy
Contracts
Developing countries
Development credit institutions
East Asia
Economic growth
Economics and Public Finance
Export finance
Export-Import Bank of the United States
Farmers
Food industry
Food supply
Foreign investments
Foreign leaders
Foreign service
Foreign trade promotion
Free trade
Government Operations and Politics
Government corporations
Human rights
International Affairs
International cooperation
Labor and Employment
Land use
Law
Legal aid
Liberia
Mauritius
Nongovernmental organizations
Nontariff trade barriers
Produce trade
Public Lands and Natural Resources
Public corruption
Public-private partnerships
Regionalism (International organization)
Right of property
Rule of law
Science, Technology, Communications
Small business
Social Welfare
Surveying
Sustainable development
Tariff
Tariff preferences
Tax treaties
Taxation
Technical assistance
Technology transfer
Textile fabrics
Trade negotiations
Volunteer workers
Women
Women in government

Summary:
action_date: 2006-09-05
text: 
AGOA Extension Act of 2006 - Amends the African Growth and Opportunity Act (AGOA) to change from mandatory to discretionary the authority of the President to terminate the designation of an eligible beneficiary sub-Saharan African country for trade benefits for failure to comply with such Act's requirements. Requires the President to notify Congress of the proposed termination and allows the termination only if Congress fails to prohibit it.
 
Revises provisions providing for preferential trade treatment of certain textiles, apparel, and agricultural products.
 
Directs the President to develop a comprehensive plan addressing critical sub-Saharan African agricultural policy issues.
 
Amends the Export-Import Bank Act of 1945 to direct the Export-Import Bank of the United States to ensure that full consideration is given to the extent to which any loan or other assistance is likely to have a positive effect on industries in countries designated as beneficiary sub-Saharan African countries.
 
Requires seeking negotiations for tax treaties and bilateral investment treaties benefiting sub-Saharan African countries.
 
Requires infrastructure and industry-building assistance to sub-Saharan Africa.
 
Expresses the sense of Congress regarding: (1) the October 2005 election of Ms. Ellen Johnson Sirleaf as President of Liberia; and (2) U.S. Agency for International Development (USAID) technical assistance to sub-Saharan African countries in developing domestic tax policies, revenue administration, and anti-corruption efforts, as well as policies to replace lost trade tax revenues resulting from trade liberalization.


Legislative actions:
action_date: 2006-09-05
text: Read twice and referred to the Committee on Finance.
action_date: 2006-09-05
text: Introduced in Senate