,,ii  #aad? ,,congress  #b;d ,session   
,s4 #cabc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bi1 #bjaf ,mr4  
,lee 7= himself & ,mr4 ,cotton7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to provide = !     
cont9uation ) respect to ! ,unit$ ,k+dom
 ( exi/+ comm]cial agreem5ts betwe5 !   
,unit$ ,/ates & ! ,european ,union1 to  
enc\rage ! ,presid5t to exp$iti\sly     
negotiate a new compreh5sive bilat]al   
trade agreem5t ) ! ,unit$ ,k+dom1 & =   
o!r purposes4  #a4 ,%ort title  ,?is    
,act may be cit$ z ! ,unit$ ,k+dom      
,trade ,cont9uity ,act4  #b4 ,f9d+s2    
s5se ( ,congress  7a7 ,f9d+s ,congress  
makes ! foll[+ f9d+s3 7#a7 ,on ,june    
#bc1 #bjaf1 ! p ( ! ,unit$ ,k+dom vot$ 9
 support ( a ref]5dum to leave !        
,european ,union4  7#b7 ,! ,unit$ ,/ates
 has a special & hi/oric relation%ip ) !
 ,unit$ ,k+dom t has enabl$ economic    
prosp]ity & security coop]ation t       
greatly b5efits bo? c\ntries4  7#c7 ,!  

,unit$ ,k+dom is a great & important    
trad+ p>tn] ) ! ,unit$ ,/ates1 ) exports
 to ! ,unit$ ,k+dom 9 #bjae total+      
approximately #ef1aad1fjj1jjj & imports 
to ! ,unit$ ,/ates total+ approximately 
#eg1ifb1cjj1jjj4  7#d7 ,x is 9 !        
national int]e/ ( bo? ! ,unit$ ,/ates & 
! ,unit$ ,k+dom to pres]ve & exp& !     
special relation%ip betwe5 ! #b         
c\ntries4  7b7 ,s5se ( ,congress ,x is !
 s5se ( ,congress t-- 7#a7 ! ,unit$     
,/ates supports ! decision by ! p ( !   
,unit$ ,k+dom to leave ! ,european      
,union2  7#b7 ! ,unit$ ,/ates %\ld give 
! ,unit$ ,k+dom ! assurance t ! special 
relation%ip betwe5 ! ,unit$ ,/ates & !  
,unit$ ,k+dom w n be adv]sely affect$ by
 a lapse 9 or confusion ab\t trade rules
 ) ! ,unit$ ,/ates2  7#c7 x is vital to 
reassure trad+ m>kets1 bus9esses1 &     
consum]s ( ! commitm5t ( ! ,unit$ ,/ates
 to cont9ue )\t int]ruption ! close &   
mutually b5eficial trade p>tn]%ip betwe5
 ! ,unit$ ,/ates & ! ,unit$ ,k+dom2 &   
7#d7 ! m>ket access provid$ to f9ancial 

in/itutions bas$ 9 ! ,unit$ ,/ates & !  
,unit$ ,k+dom ?r\gh passport+ rights    
%\ld be support$ by equival5t =ms (     
m>ket access be=e ! ,unit$ ,k+dom exits 
! ,european ,union4  #c4 ,cont9uation ( 
exi/+ comm]cial agreem5ts  7a7 ,9 g5]al 
,! ,unit$ ,/ates %all cont9ue to comply 
) ! t]ms ( all comm]cial agreem5ts      
betwe5 ! ,unit$ ,/ates & ! ,european    
,union t gov]n comm]ce betwe5 ! ,unit$  
,/ates & ! ,unit$ ,k+dom z ( ! date ( ! 
enactm5t ( ?is ,act to ! same ext5t z if
 ! ,unit$ ,k+dom 7 /ill a memb] ( !     
,european ,union1 unless su* an agreem5t
 specifically provides o!rwise1 until a 
new compreh5sive agreem5t betwe5 !      
,unit$ ,/ates & ! ,unit$ ,k+dom is      
negotiat$ & ent]s into =ce4  7b7        
,requir$ actions ,! ,presid5t %all      
exp$iti\sly take su* measures z are     
necess>y1 9 coord9ation ) ,congress1 to 
ensure t ! ,unit$ ,/ates is able to     
fulfill ! requirem5t "u subsection 7a74 
#d4 ,negotiation & ratification ( a     
,unit$ ,/ates-,unit$ ,k+dom trade       

agreem5t  7a7 ,s5se ( ,congress ,x is ! 
s5se ( ,congress t-- 7#a7 n lat] ?an #cj
 days aft] ! date ( ! enactm5t ( ?is    
,act1 ! ,presid5t %\ld initiate         
negotiations ) ! ,unit$ ,k+dom ) ! goal 
( rea*+ a f9al compreh5sive bilat]al    
trade agreem5t by ! date t is "o ye>    
aft] su* date ( enactm5t2 &  7#b7 !     
,presid5t %\ld make e ef=t to negotiate 
su* an agreem5t exp$iti\sly4  7b7       
,exp$it$ proc$ures ,! exp$it$ proc$ures 
provid$ = "u section #aea ( ! ,trade    
,act ( #aigd 7#ai ,u4,s4,c4 #baia7 %all 
apply to a bill to implem5t a           
compreh5sive bilat]al trade agreem5t ) !
 ,unit$ ,k+dom negotiat$ "u subsection  
7a7 to ! same ext5t z su* proc$ures     
apply to an implem5t+ bill "u section   
#ajc7;b77#c7 ( ! ,bip>tisan             
,congressional ,trade ,priorities &     
,acc\ntability ,act ( #bjae 7#ai        
,u4,s4,c4 #dbjb7;b77#c774  7c7          
,consultations ,! ,presid5t %all        
frequ5tly update ! ,committee on ,f9ance
 & ! ,committee on ,=eign ,relations ( !

 ,s5ate & ! ,committee on ,ways & ,means
 & ! ,committee on ,=eign ,affairs ( !  
,h\se ( ,repres5tatives on ! progress   
made 9 negotiat+ a compreh5sive bilat]al
 trade agreem5t ) ! ,unit$ ,k+dom "u    
subsection 7a74