S. 355 — Introduced in Senate

II 113th CONGRESS 1st Session S. 355 IN THE SENATE OF THE UNITED STATES February 14, 2013 Mr. Merkley (for himself, Mr. Enzi, Mr. Schumer, and Mr. Barrasso) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To require the United States Trade Representative to notify the World Trade Organization if any member of the World Trade Organization fails during 2 consecutive years to disclose subsidies under the Agreement on Subsidies and Countervailing Measures, and for other purposes. 1. Mandatory disclosure by the United States if members of the World Trade Organization fail to disclose subsidies under the Agreement on Subsidies and Countervailing Measures (a) In general The United States Trade Representative shall— (1) review each notification of subsidies submitted under Article 25 of the Agreement on Subsidies and Countervailing Measures by a member of the World Trade Organization with which the United States maintains a material and persistent trade deficit; (2) identify any such member that, for 2 consecutive years— (A) fails to submit such a notification; or (B) omits information or includes inaccurate information in such a notification that is material with respect to the totality of the subsidies of the member; and (3) notify the Committee on Subsidies and Countervailing Measures under such Article 25 of the subsidies of a member identified under paragraph (2) not later than 180 days after— (A) in the case of a member identified under paragraph (2)(A), the date on which the second notification not submitted by the member was required to be submitted; or (B) in the case of a member identified under paragraph (2)(B), the date of the submission of the second notification in which the information was omitted or the inaccurate information was included, as the case may be. (b) Agreement on Subsidies and Countervailing Measures defined The term Agreement on Subsidies and Countervailing Measures means the Agreement on Subsidies and Countervailing Measures referred to in section 101(d)(12) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(12)).