For other versions of this document, see http://wikileaks.org/wiki/CRS-RL31249 ------------------------------------------------------------------------------ Order Code RL31249 CRS Report for Congress Received through the CRS Web Trade Promotion (Fast-Track) Authority: A Comparison of H.R. 3005 as Approved by the House and Reported by the Senate Finance Committee Updated April 8, 2002 Lenore Sek Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Congressional Research Service ~ The Library of Congress Trade Promotion (Fast-Track) Authority: A Comparison of H.R. 3005 as Approved by the House and Reported by the Senate Finance Committee Summary This report compares H.R. 3005, the Bipartisan Trade Promotion Authority Act of 2001, as approved by the House on December 6, 2001, and as ordered reported by the Senate Finance Committee on December 18, 2001 (S.Rept. 107-139). The trade negotiating objectives in both versions are similar but not identical. Both versions have the same seven overall objectives, but the Senate Finance Committee version has an eighth on small businesses. They have the same 13 principal objectives, with some language differences for three­foreign investment, agriculture, and dispute settlement­and the Senate Finance Committee adds a 14th principal objective on border taxes. Both versions call for the President to take almost the same 12 actions to maintain U.S. competitiveness. The two versions have almost identical language on the President's authority to proclaim tariff changes and to negotiate trade agreements with expedited legislative procedures for an implementing bill. They have the same deadline for negotiating agreements and almost the same requirements for extending the deadline. They both state that a trade agreement must "make progress in meeting" negotiating objectives and describe similar kinds of provisions that an implementing bill may have. Both versions have identical language regarding notification and consultation before and during negotiations. They both have special provisions on negotiations on textiles and agriculture (the Senate Finance Committee version includes fish and shellfish with agriculture). They both require reports by private sector advisors and the International Trade Commission (ITC). They have the same language on consultation with Congress before entering into an agreement, but the Senate Finance Committee version adds requirements for any changes to trade remedy laws. Both versions have similar provisions on the President's submission of the trade agreement and other documents to Congress. The Senate Finance Committee version adds language on reporting changes to the trade remedy laws, procedural action in the Senate, and disclosure of oral or written agreements with foreign governments. It also adds that expedited procedures will not apply, if the Commerce Secretary does not submit a report on a U.S. strategy toward certain dispute actions in the World Trade Organization in a timely manner. Both versions are almost identical on establishing a Congressional Oversight Group. They both provide for adjustment to the pre-notification requirements where negotiations are underway, require a plan by the President to address enforcement, and state that congressional trade-related activities should increase. Additional sections in the Senate Finance Committee version would require the ITC to report on agreements implemented under expedited procedures in the past, and would direct the USTR to seek an advocate in the WTO for small- or medium-sized businesses. Contents Section 1. Short Title and Findings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Section 2. Trade Negotiating Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section 3. Trade Agreement Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 4. Consultations and Assessment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Section 5. Implementation of Trade Agreements . . . . . . . . . . . . . . . . . . . . . . 10 Section 6. Treatment of Certain Trade Agreements for Which Negotiations Have Already Begun . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 7. Congressional Oversight Group (COG) . . . . . . . . . . . . . . . . . . . . . 13 Section 8. Additional Implementation and Enforcement Requirements . . . . . . 14 Section 9. Committee Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 10. Conforming Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 11 (House Version). Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 11 (Senate Finance Committee Version). Report on Impact of Trade Promotion Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 12 (Senate Finance Committee Version). Identification of Small Business Advocate at WTO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 13 (Senate Finance Committee Version). Definitions . . . . . . . . . . . . . 15 Trade Promotion (Fast-Track) Authority: A Comparison of H.R. 3005 as Approved by the House and Reported by the Senate Finance Committee Section 1. Short Title and Findings H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) The title of the legislation is the Identical "Bipartisan Trade Promotion Authority Act of 2001." Section 1(a) Lists findings that (1) expansion of Includes identical House-passed provisions international trade is vital to U.S. security; and adds: and (2) national security depends on economic security, which is founded on a (3) support for continued trade expansion vibrant and growing U.S. industrial base. requires that dispute settlement procedures Section 1(b) not add to or diminish the rights and obligations under such agreements (includes reference to problems with actions by dispute settlement panels and the World Trade Organization (WTO) Appellate Body). Section 1(b)(3) CRS-2 Section 2. Trade Negotiating Objectives H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Overall Negotiating Objectives Includes identical House-passed provisions and adds: Lists 7 overall objectives: (1) more open, equitable, and reciprocal market access; (2) (8) fair and equal treatment for small reduction in or elimination of trade barriers businesses. Section 2(a)(8) and distortions; (3) stronger international trading disciplines, including dispute settlement; (4) U.S. and world economic benefits; (5) mutually supportive trade and environmental policies; (6) respect for rights of workers and children; and (7) provisions to discourage weakening environmental or labor laws to encourage trade. Section 2(a) Principal Trade Negotiating Objectives Identical, with the following exceptions: Lists 13 principal negotiating objectives to foreign investment. (1) expand market opportunities for U.S. Adds language that objective should ensure exports by reducing or eliminating trade that in the United States, U.S. investors are barriers and distortions to trade; (2) reduce not accorded lesser rights than foreign or eliminate barriers to international trade in investors; and a section on seeking to services; (3) reduce or eliminate barriers to establish standards for fair and equitable trade-related foreign investment and secure treatment consistent with U.S. legal for investors rights comparable to those principles and practice, including the available in the United States; (4) further principle of due process. Sections 2(b)(3) promote protection of intellectual property and 2(b)(3)(E). rights (IPR) and secure market access Adds to provision on investor-government opportunities for U.S. persons that rely on disputes: mechanisms to deter the filing of IPR protection; (5) obtain wider and broader frivolous claims; procedures to enhance application of transparency through greater public input into the formulation of public access to information and more government positions; and establishment of a openness at the WTO; (6) obtain anti- single appellate body to provide coherence to corruption standards that prohibit attempts to the interpretations of investment provisions influence government actions affecting trade; in trade agreements. Section 2(b)(3)(G) (7) seek improvement of the WTO and Does not include House language (in multilateral trade agreements by expanding section 2(b)(3)(G)) on an appellate or similar coverage and expanding country review mechanism to correct manifestly participation; (8) establish disincentives for erroneous interpretations of law. governments to use regulatory practices to give a competitive advantage to domestic agriculture. interests; (9) attempt to ensure open and Stronger language on export subsidies calls nondiscriminatory rules covering electronic for elimination of all export subsidies (House commerce; (10) obtain reciprocal trade in includes reduction), while maintaining food agriculture so opportunities are substantially aid and market development and export equivalent in U.S. and foreign markets, and credit programs (not in House). Adds goals of achieve fairer and more open conditions for completion of a WTO round by 1/1/05, and commodities; (11) ensure protections for broad market access in multiple sets of labor and the environment, such as assurance negotiations with attention to effect on that parties will not fail to enforce their own import-sensitive commodities. Section environmental and labor laws; (12) 2(b)(10)(A) strengthen dispute settlement and enforcement of trade agreements; and (13) dispute settlement. achieve specified objectives in WTO extended Adds improved adherence by WTO dispute CRS-3 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) negotiations on civil aircraft and rules of panels and by the WTO Appellate Body to origin. Section 2(b) the standard of review applicable under the relevant WTO Agreement, including greater deference to the fact finding and technical expertise of national investigating authorities. Section 2(b)(12)(C) border taxes. Adds a 14th objective: obtain a revision of WTO rules on the treatment of border adjustments to redress the disadvantage to countries that depend on direct taxes for revenue rather than indirect taxes. Section 2(b)(13) Promotion of Certain Priorities Identical, except: The President must take certain actions in order to address and maintain U.S. Replaces (8) in House bill with a related competitiveness in the global economy. provision that requires the President to These 12 actions (1) seek greater WTO-ILO submit to the revenue committees a cooperation; (2) seek consultative meaningful labor rights report on parties to a mechanisms among parties to promote prospective agreement. Section 2(c)(8) respect for core labor standards; (3) seek Expands on (9) in House bill by specifically consultative mechanisms among parties to including safeguards under trade remedy develop and implement standards for laws, and adding that the President address protection of the environment; (4) conduct and remedy market distortions that lead to environmental reviews of future trade dumping and subsidization, including agreements; (5) review the impact of future overcapacity, cartelization, and market-access trade agreements on employment; (6) take barriers. Section 2(c)(9) into account other domestic objectives such as health and safety, security, and consumer interests; (7) have the Secretary of Labor consult with other countries regarding their labor laws; (8) report to Congress on child labor laws in parties to prospective agreements; (9) preserve the ability of the United States to enforce rigorously its trade laws, including antidumping and countervailing duty laws; (10) continue to promote consideration of multilateral environmental agreements; (11) report to the revenue committees on the effectiveness of a trade remedy permitted by a trade agreement; and (12) seek a consultative mechanism with other parties to examine how currency movements or manipulation affect trade. Sections 2(c)(1)-2(c)(12) Consultations Identical During negotiations, the USTR shall consult closely and on a timely basis (including in most cases immediately before initialing an agreement) with, and keep fully apprised of the negotiations, the Congressional Oversight Group (COG), committees of jurisdiction, current congressional trade advisors, the revenue committees, and (with regard to negotiations CRS-4 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) relating to agricultural trade) the agriculture committees. Section 2(d) Adherence to Obligations Under Uruguay Identical Round Agreements In determining whether to negotiate with another country, the President shall consider the other country's adherence to its obligations under the Uruguay Round Agreements. Section 2(e) CRS-5 Section 3. Trade Agreement Authority H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Agreements Regarding Tariff Barriers: Virtually identical The President may proclaim tariff cuts for agreements entered into before June 1, 2005, or before June 1, 2007, if expedited procedures are extended. Section 3 (a)(1) Tariffs over 5% ad valorem may not be reduced by more than half, nor may tariffs be increased. A special rule applies for certain agricultural products. Section 3(a)(2) Other rules are stipulated (e.g., rounding, exemption of reductions from staging). Sections 3(a)(3)-3(a)(7) Agreements Regarding Tariff and Nontariff Virtually identical Barriers The President may enter into a trade agreement on duties or other import restrictions before June 1, 2005, or before June 1, 2007, if expedited procedures are extended. Section 3(b)(1) A trade agreement may be entered into only if such agreement makes progress in meeting the overall and principal negotiating objectives and satisfies the conditions for consultation and assessment. Section 3(b)(2) Expedited procedures, called "trade authorities procedures," apply to a bill which contains (1) a provision approving the trade agreement and the statement of administrative action if any; and (2) provisions that are necessary or appropriate to implement the trade agreement, if changes in existing laws or new statutory authority are required to implement the trade agreement. This type of bill is called an "implementing bill." Section 3(b)(3) CRS-6 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Extension Disapproval Process for Almost identical, but adds: Congressional Trade Authorities Procedures The President must promptly inform the Trade authorities procedures shall apply to International Trade Commission (ITC) of the an implementing bill for trade agreements President's decision to submit the report that were entered into by June 1, 2005, or by under Section 3(c)(2) requesting an June 1, 2007, if two conditions are met: (1) extension of trade authorities procedures. the President requests such extension; and (2) The ITC must report to Congress no later neither House of Congress adopts an than May 1, 2005, on the economic impact extension disapproval resolution before June on the United States of all trade agreements 1, 2005. Section 3(c)(1) implemented between enactment of H.R. If the President decides that trade 3005 and the date on which the President authorities procedures should be extended, decides to seek the extension. Section 3(c)(3) the President must submit to Congress, not later than March 1, 2005, a written report containing a request for such extension, together with specified information. Section 3(c)(2) The President must promptly report to the private sector Advisory Committee for Trade Policy and Negotiations (ACTPN) on the intent to pursue the 2-year extension in trade authorities procedures. ACTPN must report to Congress no later than May 1, 2005, on progress in the negotiations and whether the extension should be granted. Section 3(c)(3) The reports by the President and by ACTPN on the extension will be classified. Section 3(c)(4) The language and procedure for consideration of the extension disapproval resolution are described. Section 3(c)(5) Identical Commencement of Negotiations In cases where the President determines that certain negotiations are feasible and timely and could benefit the United States, the President shall commence negotiations covering tariff and nontariff barriers affecting any industry, product, or service sector, and expand existing sectoral agreements to countries that are not already parties. The list of such sectors includes agriculture, industrial and capital goods, environmental technology and services, civil aircraft, and other mentioned sectors. Section 3(d) CRS-7 Section 4. Consultations and Assessment H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Notice and Consultation Before Negotiation Identical With regard to trade agreements negotiated under Section 3(b), the President shall: (1) provide, at least 90 calendar days before starting negotiations, written notice of intent to enter into negotiations and set forth the intended starting date, specific objectives, and whether the President will seek an agreement or changes to an existing agreement; (2) before and after the above notice, consult with the revenue committees, such other committees as the President deems appropriate, and the COG. Section 4(a) Negotiations Regarding Agriculture Identical, except: Before undertaking negotiations on foreign Adds that for import-sensitive tariffs and other charges on U.S. agricultural agricultural products, the USTR shall exports, the President shall assess whether U.S. consult with the revenue and agriculture tariffs bound on these products are lower than committees also on whether negotiating tariffs bound on U.S. exports in the other country partners maintain trade-distorting or worldwide, and whether the negotiation gives an export subsidy programs and the impact opportunity to address any disparity. The of such programs on U.S. producers. President shall consult with the revenue Section 4(b)(2) committees and agriculture committees on the Adds that before starting or results of the assessment, tariff reductions, and continuing negotiations directly related negotiating objectives. Section 4(b)(1) to fish or shellfish trade, the President must consult with the Ways and Means The USTR shall identify certain import sensitive Committee and the Resources agricultural products and consult with the revenue Committee in the House and with the and agriculture committees on any further tariff Finance Committee and the Commerce, reductions and whether the products face Science, and Transportation Committee unjustified sanitary or phytosanitary restrictions. of the Senate, and keep the committees The USTR shall request an ITC assessment of the informed of negotiations on an ongoing economic effects of any tariff reductions, and and timely basis. Section 4(b)(3) notify the revenue and agriculture committees of any intent to seek tariff cuts currently or in the future. Section 4(b)(2) Negotiations Regarding Textiles Identical Before undertaking negotiations on textiles and apparel products with another country, the President shall assess whether U.S. tariffs bound on such products are lower than the other country's bound tariffs and whether the negotiation gives an opportunity to address any disparity. The President shall consult with the revenue committees on the results of the assessment, tariff reductions, and applicable negotiating objectives. Section 4(c) CRS-8 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Consultation with Congress Before Agreements Contains the identical House language Entered Into but adds: Before entering into an agreement under Section At least 90 calendar days before 3(b), the President shall consult with the revenue entering into a trade agreement, the committees, other committees with jurisdiction, and President shall notify the revenue the COG. Section 4(d)(1) committees of any amendments to Title VII of the Tariff Act of 1930 or The consultation shall cover the nature of the Chapter 1 of Title II of the Trade Act agreement, how the agreement will achieve of 1974 [provisions covering applicable policies and objectives, antidumping and countervailing duties and implementation of the agreement (including and safeguards] that will be proposed the effect on existing laws). Section 4(d)(2) in an implementing bill. Section 4(d)(3)(A) On the date of the above notification, the President must report to the committees the reasons the amendments are necessary and why they are consistent with the purposes, policies, and objectives of Section 2(c)(9) [the President shall preserve the ability to rigorously enforce U.S. trade laws]. Section 4(d)(3)(B) Within 60 days of the above notification, the chairman and ranking member of the revenue committees in each house, based on consultations with their respective committee members, shall report to their respective houses on whether the proposed amendments are consistent with the purposes, policies, and objectives of Section 2(c)(9). The reports shall contain any differences in views of the chairmen and ranking members. Sections 4(d)(3)(C) and Advisory Committee Reports 4(d)(3)(D) Private sector advisors shall submit reports on Identical Section 3(a) and Section 3(b) trade agreements to the President, Congress, and USTR, not later than 30 days after the President notifies Congress of the intent to enter into the trade agreement (as required under Section 5(a)(1)). Section 4(e) ITC Assessment The President, at least 90 calendar days before Identical entering into an agreement under Section 3(b), shall give the International Trade Commission (ITC) details of the agreement and request that the ITC prepare and submit an assessment of the agreement. Not later than 90 calendar days after the President enters into the agreement, the ITC shall submit to the President and to Congress a report assessing various economic impacts of the agreement. The ITC shall review and assess CRS-9 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) empirical literature regarding the agreement. Section 4(f) CRS-10 Section 5. Implementation of Trade Agreements H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) In General Contains virtually identical House language and adds: Any agreement under Section 3(b) shall enter into force if, and only if: (1) the President, at least The President must also transmit the 90 calendar days before entering into an notification and report on trade remedy agreement, notifies the House and the Senate of laws required under Section 4(d)(3)(A) the intention to enter into the agreement, and and (B) to the revenue committees when publishes notice in the Federal Register; (2) within he makes his notification before 60 days of entering into the agreement, the entering into an agreement. Section President submits to Congress a description of 5(a)(1)(A)(ii) legal changes required for compliance with the The following additional supporting agreement; (3) after entering into the agreement, information must be submitted along the President submits to Congress the text of the with the text of the agreement and other agreement, together with a draft implementing documents: in the event that the bill, a statement of administrative action, and congressional reports in Sections other supporting information; and (4) the 4(d)(3)(C) and (D) find that proposed implementing bill is enacted. Section 5(a)(1) amendments to trade remedy laws are inconsistent with the purposes, policies, Supporting information to be submitted along and objectives of Section 2(c)(9), the with the text of the agreement and the draft President must explain why those implementing bill consists of an explanation of findings are incorrect. Section how the implementing bill and administrative 5(a)(2)(B)(ii)(VI) action might change existing law, a statement of Any agreement or other understanding how the agreement makes progress in achieving with a foreign government (whether oral the objectives, and other information as described. or in writing) that relates to a trade Section 5(a)(2) agreement enacted under trade authorities procedures and not disclosed The implementing bill shall provide that the to Congress before introduction of benefits and obligations under the agreement implementing legislation, shall not be apply only to the parties to the agreement. The considered part of the agreement implementing bill may provide that the benefits approved by Congress and shall have no and obligations do not apply uniformly to all force under U.S. law or in any dispute parties. Section 5(a)(3) settlement body. Section 5(a)(4) CRS-11 H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Limitations of Trade Authorities Identical (with some changes in numbering), Procedures except for the following: Trade authorities procedures shall not Adds that a procedural disapproval resolution apply to any implementing bill for a shall be referred to the Finance Committee and Section 3(b) trade agreement if, during may not be amended, and it is not in order for the the 60-day period beginning on the date Senate to consider a procedural disapproval that a house agrees to a procedural resolution not reported by the Finance disapproval resolution for lack of notice Committee. [Similar language referring to the or consultations, the other house Ways and Means Committee and Rules separately agrees to a procedural Committee is in the House-passed bill.] Sections resolution with regard to the same trade 5(b)(1)(C)(i)(bb) and (cc) and (ii)(iv) agreement. The term "procedural Adds a section requiring that, prior to disapproval resolution" is defined. December 31, 2002, the Secretary of Commerce Section 5(b)(1) transmit to Congress a report with the U.S. strategy for correcting instances in which WTO The procedures for considering dispute settlement panels and Appellate Body procedural disapproval resolutions are have added to obligations or diminished rights as given. Section 5(b)(2) described in Section 1(b)(3). Trade authorities procedures shall not apply to an implementing Provisions covering procedural bill with regard to an agreement negotiated under disapproval resolutions (Section 5(b)) the WTO unless the Commerce Secretary has and extension disapproval resolutions issued the report in a timely manner. Section (Section 3(c)) are enacted by Congress as 5(b)(2) an exercise of the rulemaking power of the House and the Senate and with full recognition of the constitutional right of either house to change the rules. Section 5(c) CRS-12 Section 6. Treatment of Certain Trade Agreements for Which Negotiations Have Already Begun H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) If a trade agreement under Section 3(b) (1) Virtually Identical is entered into under the WTO, is entered into with Chile, is entered into with Singapore, or establishes a Free Trade Area for the Americas, and (2) results from negotiations that started before enactment, then different treatment would apply. Section 6(a) Identical Under that treatment, the applicability of the trade authorities procedures to implementing bill shall be determined without regard to certain requirements regarding notification before initiating negotiations. Also, the President would be required to notify the Congress of the negotiations and consult regarding the negotiations with the revenue committees, other committees as the President deems appropriate, and the COG. Section 6(b) CRS-13 Section 7. Congressional Oversight Group (COG) H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) Members and Functions Identical Within 60 days of enactment (and within 30 days of convening of each Congress), the chairmen of the revenue committees shall convene the COG. Section 7(a)(1) Membership will be the chairman and ranking member of the revenue committees, 3 other members from each of those committees (no more than 2 of the same party), and the chairman and ranking member from any other committees with jurisdiction. Sections 7(a)(2) and 7(a)(3) Members of the COG shall be official advisers to the U.S. delegation in trade negotiations. The COG shall consult with and provide advice to the USTR on formulation of objectives, negotiating strategies and positions, development of the trade agreement, and compliance and enforcement. Section 7(a)(4) The COG shall be chaired by the chairmen of the revenue committees. Section 7(a)(5) Identical, except: Guidelines Adds that the guidelines developed by Within 120 days of enactment, the USTR, in the USTR shall also provide for the consultation with the chairmen and ranking time frame for submitting the labor members of the revenue committees, shall develop rights report under Section 2(c)(8). guidelines for the exchange of information between Section 7(b)(2)(E) the USTR and the COG, and make revisions as necessary. Section 7(b)(1) The guidelines developed by the USTR shall provide for, among other things: regular, detailed briefings of the COG on negotiating objectives; access by COG members and staff to pertinent documents; the closest practicable coordination between the USTR and the COG at all critical periods of the negotiations; and after the agreement is concluded, consultation on compliance and enforcement. Section 7(b)(2) Identical Request for Meeting Upon the request of a majority of the COG, the President shall meet with the COG before starting negotiations or at any other time. Section 7(c) CRS-14 Section 8. Additional Implementation and Enforcement Requirements H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) At the time the President submits to Congress the final text Identical of the trade agreement, the President shall also submit a plan for implementing and enforcing the agreement. The plan shall include (along with an analysis of the costs associated with each): (1) a description of additional personnel required at border entry points; (2) a description of additional personnel required by Federal agencies for monitoring and implementing the trade agreement; and (3) a description of the additional equipment and facilities needed by the U.S. Customs Service; and a description of the impact of the agreement on State and local governments. Section 8(a) In the first budget after the above plan is submitted, the President shall request the resources necessary to support the plan. Section 8(b) Section 9. Committee Staff H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) The grant of trade promotion authority is likely to increase the Identical activities of the primary committees of jurisdiction in international trade. Further, more Members will participate in the formulation of U.S. trade policy and oversight of the trade agenda through the creation of the Congressional Oversight Group. The primary committees of jurisdiction should have adequate staff to accommodate these increased activities. Section 10. Conforming Amendments Section 11 (House Version). Definitions CRS-15 Section 11 (Senate Finance Committee Version). Report on Impact of Trade Promotion Authority H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) No provision Requires the ITC, within 1 year of enactment, to report to the revenue committees on the economic impact on the United States of: (1) the U.S.-Israel Free Trade Agreement (FTA); (2) the U.S.-Canada FTA; (3) the North American Free Trade Agreement; (4) the Uruguay Round Agreements; and (5) the Tokyo Round of Multilateral Trade Negotiations. Section 12 (Senate Finance Committee Version). Identification of Small Business Advocate at WTO H.R. 3005 (House) H.R. 3005 (Senate Finance Committee) No provision. Requires the USTR to pursue identification of a small business advocate at the WTO Secretariat to examine the impact of WTO agreements on small- and medium-sized enterprises, address their concerns, and recommend ways to address their interests. Section 12(a) States that the Assistant USTR for Industry and Telecommunications shall be responsible for ensuring small business interests are considered in trade negotiations in accordance with the overall objective on small businesses (described in section 2(a)(8)). Expresses the sense of Congress that the small business functions be reflected in the title of the Assistant USTR assigned such responsibility. Section 12(b) Requires that within 1 year of enactment and annually thereafter, the USTR report to the revenue committees on steps taken to pursue the identification of a small business advocate at the WTO. Section 12(c) Section 13 (Senate Finance Committee Version). Definitions ------------------------------------------------------------------------------ For other versions of this document, see http://wikileaks.org/wiki/CRS-RL31249