§ 2903. Implementation of trade agreements
(a)
In general
(1)
Any agreement entered into under section
2902
(b) or (c) of this title shall enter into force with respect to the United States if (and only if)—
(A)
the President, at least 90 calendar days before the day on which he enters into the trade agreement, notifies the House of Representatives and the Senate of his intention to enter into the agreement, and promptly thereafter publishes notice of such intention in the Federal Register;
(2)
The supporting information required under paragraph (1)(B)(iii) consists of—
(A)
an explanation as to how the implementing bill and proposed administrative action will change or affect existing law; and
(B)
a statement—
(i)
asserting that the agreement makes progress in achieving the applicable purposes, policies, and objectives of this title,
(ii)
setting forth the reasons of the President regarding—
(iii)
describing the efforts made by the President to obtain international exchange rate equilibrium and any effect the agreement may have regarding increased international monetary stability; and
(3)
To ensure that a foreign country which receives benefits under a trade agreement entered into under section
2902
(b) or (c) of this title is subject to the obligations imposed by such agreement, the President shall recommend to Congress in the implementing bill and statement of administrative action submitted with respect to such agreement that the benefits and obligations of such agreement apply solely to the parties to such agreement, if such application is consistent with the terms of such agreement. The President may also recommend with respect to any such agreement that the benefits and obligations of such agreement not apply uniformly to all parties to such agreement, if such application is consistent with the terms of such agreement.
(b)
Application of Congressional “fast track” procedures to implementing bills
(1)
Except as provided in subsection (c) of this section—
(A)
the provisions of section
2191 of this title (hereinafter in this section referred to as “fast track procedures”) apply to implementing bills submitted with respect to trade agreements entered into under section
2902
(b) or (c) of this title before June 1, 1991; and
(2)
If the President is of the opinion that the fast track procedures should be extended to implementing bills described in paragraph (1)(B), the President must submit to the Congress, no later than March 1, 1991, a written report that contains a request for such extension, together with—
(A)
a description of all trade agreements that have been negotiated under section
2902
(b) or (c) of this title and the anticipated schedule for submitting such agreements to the Congress for approval;
(3)
The President shall promptly inform the Advisory Committee for Trade Policy and Negotiations established under section
2155 of this title of his decision to submit a report to Congress under paragraph (2). The Advisory Committee shall submit to the Congress as soon as practicable, but no later than March 1, 1991, a written report that contains—
(4)
The reports submitted to the Congress under paragraphs (2) and (3), or any portion of the reports, may be classified to the extent the President determines appropriate.
(5)
(A)
For purposes of this subsection, the term “extension disapproval resolution” means a resolution of either House of the Congress, the sole matter after the resolving clause of which is as follows: “That the disapproves the request of the President for the extension, under section 1103(b)(1)(B)(i) of the Omnibus Trade and Competitiveness Act of 1988, of the provisions of section 151 of the Trade Act of 1974 to any implementing bill submitted with respect to any trade agreement entered into under section 1102(b) or (c) of such Act after May 31, 1991, because sufficient tangible progress has not been made in trade negotiations.”, with the blank space being filled with the name of the resolving House of the Congress.
(C)
The provisions of section
2192
(d) and (e) of this title (relating to the floor consideration of certain resolutions in the House and Senate) apply to extension disapproval resolutions.
(c)
Limitations on use of “fast track” procedures
(1)
(A)
The fast track procedures shall not apply to any implementing bill submitted with respect to a trade agreement entered into under section
2902
(b) or (c) of this title if both Houses of the Congress separately agree to procedural disapproval resolutions within any 60-day period.
(B)
Procedural disapproval resolutions—
(C)
The provisions of section
2192
(d) and (e) of this title (relating to the floor consideration of certain resolutions in the House and Senate) apply to procedural disapproval resolutions.
(D)
It is not in order for the House of Representatives to consider any procedural disapproval resolution not reported by the Committee on Ways and Means and the Committee on Rules.
(E)
For purposes of this subsection, the term “procedural disapproval resolution” means a resolution of either House of the Congress, the sole matter after the resolving clause of which is as follows: “That the President has failed or refused to consult with Congress on trade negotiations and trade agreements in accordance with the provisions of the Omnibus Trade and Competitiveness Act of 1988, and, therefore, the provisions of section 151 of the Trade Act of 1974 shall not apply to any implementing bill submitted with respect to any trade agreement entered into under section 1102(b) or (c) of such Act of 1988, if, during the 60-day period beginning on the date on which this resolution is agreed to by the , the agrees to a procedural disapproval resolution (within the meaning of section 1103(c)(1)(E) of such Act of 1988).”, with the first blank space being filled with the name of the resolving House of the Congress and the second blank space being filled with the name of the other House of the Congress.
(2)
The fast track procedures shall not apply to any implementing bill that contains a provision approving of any trade agreement which is entered into under section
2902
(c) of this title with any foreign country if either—
(A)
the requirements of section
2902
(c)(3) of this title are not met with respect to the negotiation of such agreement; or
(B)
the Committee on Finance of the Senate or the Committee on Ways and Means of the House of Representatives disapproves of the negotiation of such agreement before the close of the 60-day period which begins on the date notice is provided under section
2902
(c)(3)(C)(i) of this title with respect to the negotiation of such agreement.
(d)
Rules of House of Representatives and Senate
Subsections (b) and (c) of this section are enacted by the Congress—
(e)
Computation of certain periods of time
Each period of time described in subsection (c)(1)(A) and (E) and (2) of this section shall be computed without regard to—