US Codex
Bill
Notes

Title IV — Trade provisions

H.R. 3939 · 113th Congress · Jan 28, 2014 · Lineage

IV Trade provisions

Sec. 401 Findings; sense of Congress on applicability of trade authorities procedures to a bill implementing a trade and investment agreement with the European Union

(a)
Findings— Congress finds the following:
(1)
The United States and the European Union (EU) maintain a very strong and beneficial commercial relationship.
(2)
The United States-EU relationship supports a combined 13 million jobs, and nearly $4 trillion in investment.
(3)
The economies of the United States and the EU each generate more than $16 trillion, which represents 45 percent of global gross domestic product, and over one-third of global trade and investment flows.
(4)
The United States-EU single commercial relationship is the world’s largest and the EU remains the largest market for United States exports and the largest source of imports into the United States.
(5)
Congress welcomes the work of the High Level Working Group report and the decision of President Obama to launch negotiations for a potential bilateral trade agreement.
(6)
The Transatlantic Trade and Investment Partnership (TTIP) represents a key strategic opportunity for the United States and the EU.
(7)
The groundbreaking TTIP will deepen ties between the United States and the EU, increase exports, grow both economies, and support hundreds of thousands of jobs on both sides of the Atlantic Ocean.
(b)
Sense of Congress— It is the sense of Congress that—
(1)
the applicability of section 151 of the Trade Act of 1974 (19 U.S.C. 2191; relating to trade authorities procedures) to a bill implementing a trade and investment agreement with the European Union (EU) resulting from negotiations with the EU, as notified to the United States Congress on March 20, 2013, should be determined without regard to any prenegotiation notification and consultation requirements that would otherwise be applicable; and
(2)
the Administration should press for a quick conclusion of this comprehensive and ambitious agreement.

Sec. 402 Extension of trade adjustment assistance program

(a)
Extension of termination provisions— Section 285 of the Trade Act of 1974 (19 U.S.C. 2271 note) is amended by striking “2013” each place it appears and inserting “2020”.
(b)
Training funds— Section 236(a)(2)(A) of the Trade Act of 1974 (19 U.S.C. 2296(a)(2)(A)) is amended—
(1)
in clause (i), by striking “and 2013” and inserting “through 2020”; and
(2)
in clause (ii), by striking “2013” each place it appears and inserting “2020”.
(c)
Reemployment trade adjustment assistance— Section 246(b)(1) of the Trade Act of 1974 (19 U.S.C. 2318(b)(1)) is amended by striking “2013” and inserting “2020”.
(d)
Authorizations of appropriations—
(1)
Trade adjustment assistance for workers— Section 245(a) of the Trade Act of 1974 (19 U.S.C. 2317(a)) is amended by striking “2013” and inserting “2020”.
(2)
Trade adjustment assistance for firms— Section 255(a) of the Trade Act of 1974 (19 U.S.C. 2345(a)) is amended—
(A)
by striking “and 2013” and inserting “through 2020”; and
(B)
by striking “October 1, 2013, and ending on December 31, 2013” and inserting “October 1, 2020, and ending on December 31, 2020”.
(3)
Trade adjustment assistance for farmers— Section 298(a) of the Trade Act of 1974 (19 U.S.C. 2401g(a)) is amended—
(A)
by striking “and 2013” and inserting “through 2020”; and
(B)
by striking “October 1, 2013, and ending on December 31, 2013” and inserting “October 1, 2020, and ending on December 31, 2020”.
(e)
Amendments to Trade Adjustment Assistance Extension Act of 2011—
(1)
Application of prior law— Section 233(a) of the Trade Adjustment Assistance Extension Act of 2011 (title II of Public Law 112–40; 125 Stat. 416; 19 U.S.C. 2271 note prec.) is amended—
(A)
in the matter preceding paragraph (1), by striking “2014” and inserting “2021”; and
(B)
by striking paragraphs (3) through (7) and inserting the following:

“(3) section 245(a) of that Act shall be applied and administered by substituting “2021” for “2007”;

“(4) section 246(b)(1) of that Act shall be applied and administered by substituting “December 31, 2021” for “the date that is 5 years” and all that follows through “State”;

“(5) section 256(b) of that Act shall be applied and administered by substituting “the 1-year period beginning on January 1, 2021” for “each of fiscal years 2003 through 2007, and $4,000,000 for the 3-month period beginning on October 1, 2007”;

“(6) section 298(a) of that Act shall be applied and administered by substituting “the 1-year period beginning on January 1, 2021” for “each of the fiscal years” and all that follows through “October 1, 2007”; and

“(7) section 285 of that Act shall be applied and administered—

“(A) in subsection (a), by substituting “2021” for “2007” each place it appears; and

“(B) by applying and administering subsection (b) as if it read as follows:”

(2)
Continuation of benefits— Section 233(b) of the Trade Adjustment Assistance Extension Act of 2011 is amended by striking “2014” each place it appears and inserting “2021”.