,,ii  #aae? ,,congress  #a/ ,session    
,s4 #djh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #af1 #bjag    
,mr4 ,wyd5 7= himself1 ,mr4 ,c>d91 ,ms4 
,/ab5[1 ,mr4 ,s*um]1 ,mr4 ,br[n1 ,mr4   
,casey1 ,mr4 ,m55dez1 ,mr4 ,blum5?al1   
,mr4 ,leahy1 ,mrs4 ,mc,caskill1 ,mr4    
,van ,holl51 ,ms4 ,w>r51 ,mrs4 ,fe9/e91 
& ,mr4 ,re$7 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,f9ance  ,a ,,bill  ,to   
require ! ,presid5t to disclose income1 
assets1 & liabilities associat$ )       
c\ntries ) :i* ! ,unit$ ,/ates is       
negotiat+ a trade or inve/m5t agreem5t1 
c\ntries subject to ,presid5tial        
det]m9ations 9 trade en=cem5t actions1 &
 c\ntries eligible = trade pref]5ce     
programs1 & = o!r purposes4  #a4 ,%ort  
title  ,?is ,act may be cit$ z !        
,presid5tial ,trade ,transp>5cy ,act (  
#bjag4  #b4 ,disclosure by ,presid5t (  
income1 assets1 & liabilities associat$ 
) c\ntries ) :i* ! ,unit$ ,/ates is     
negotiat+ a trade or inve/m5t agreem5t  

7a7 ,9 g5]al ,be=e initiat+ or cont9u+  
negotiations ) a c\ntry = a trade or    
inve/m5t agreem5t1 ! ,presid5t %all     
submit to ,congress a report1 9         
accordance ) subsection 7b7 or 7c71     
conta9+ a full & complete /atem5t (     
income e>n$1 assets held1 & liabilities 
ow$ by ! ,presid5t & associat$ ) !      
c\ntry 9 ! #ab-mon? p]iod prec$+ !      
submission ( ! report4  7b7 ,tim+ (     
report = new negotiations ,9 ! case (   
negotiations = a trade or inve/m5t      
agreem5t ) a c\ntry initiat$ on or aft] 
! date ( ! enactm5t ( ?is ,act1 !       
,presid5t %all submit ! report requir$  
by subsection 7a7--  7#a7 9 ! case (    
negotiations subject to ! ,bip>tisan    
,congressional ,trade ,priorities &     
,acc\ntability ,act ( #bjae 7#ai        
,u4,s4,c4 #dbja et seq47 ) respect to   
:i* ! ,presid5t is requir$ to submit a  
notification "u section #ajc7;a77#b7 or 
#aje7;a77#a77;,a7 ( t ,act 7#ai         
,u4,s4,c4 #dbjb7;a77#b7 &               
#dbjd7;a77#a77;,a771 n lat] ?an ! date  

on :i* ! ,presid5t submits !            
notification2  7#b7 9 ! case (          
negotiations subject to ! ,uruguay ,r\nd
 ,agreem5ts ,act 7#ai ,u4,s4,c4 #ceja et
 seq471 n lat] ?an ! date on :i* !      
,presid5t submits ! report requir$ by   
section #aae7b7 ( t ,act 7#ai ,u4,s4,c4 
#cebd7b772  7#c7 9 ! case ( negotiations
 subject to ! ,nor? ,am]ican ,free      
,trade ,agreem5t ,implem5tation ,act    
7#ai ,u4,s4,c4 #ccja et seq471 n lat]   
?an ! date on :i* ! ,presid5t submits ! 
report requir$ by section #ajc7;a77#b7 (
 t ,act 7#ai ,u4,s4,c4 #ccac7;a77#b772  
or  7#d7 9 ! case ( negotiations = a    
trade or inve/m5t agreem5t n cov]$ by   
p>agraph 7#a71 7#b71 or 7#c71 n less ?an
 #fj days be=e initiat+ ! negotiations4 
7c7 ,tim+ ( report = p5d+ negotiations  
,9 ! case ( negotiations = a trade or   
inve/m5t agreem5t ) a c\ntry initiat$   
be=e ! date ( ! enactm5t ( ?is ,act1 !  
,presid5t %all submit ! report requir$  
by subsection 7a7 ) respect to t c\ntry 
n lat] ?an #ij days aft] su* date (     

enactm5t4  #c4 ,disclosure by ,presid5t 
( income1 assets1 & liabilities         
associat$ ) c\ntries subject to         
,presid5tial det]m9ations 9 trade       
en=cem5t actions  7a7 ,9 g5]al ,be=e    
tak+ a cov]$ action "u a trade en=cem5t 
law ) respect to a c\ntry1 ! ,presid5t  
%all submit to ,congress1 9 accordance )
 subsection 7b71 a report conta9+ a full
 & complete /atem5t ( income e>n$1      
assets held1 & liabilities ow$ by !     
,presid5t & associat$ ) ! c\ntry 9 !    
#ab-mon? p]iod prec$+ ! submission ( !  
report4  7b7 ,tim+ ( report ,! ,presid5t
 %all submit ! report requir$ by        
subsection 7a7-- 7#a7 9 ! case ( a cov]$
 action "u section #bja ( ! ,trade ,act 
( #aigd 7#ai ,u4,s4,c4 #bbea7 ) respect 
to :i* a docum5t is requir$ to be       
transmitt$ to ,congress "u section      
#bjc7;b7 ( t ,act 7#ai ,u4,s4,c4        
#bbec7;b771 n less ?an #cj days be=e !  
,presid5t transmits ! docum5t2  7#b7 9 !
 case ( a cov]$ action "u section #cja (
 ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4   

#bdaa7 t is ! subject ( a direction ( ! 
,presid5t z describ$ 9 subsection       
7a77#a7 or 7b77#b7 ( t section1 n less  
?an #cj days be=e mak+ t direction2     
7#c7 9 ! case ( a cov]$ action "u       
section #ccg ( ! ,t>iff ,act ( #aicj    
7#ai ,u4,s4,c4 #accg71 n lat] ?an #cj   
days aft] ! date on :i* a copy ( !      
det]m9ation ( ! ,unit$ ,/ates           
,int]national ,trade ,commission is     
transmitt$ to ! ,presid5t "u subsection 
7j7 ( t section2  7#d7 9 ! case ( a     
cov]$ action "u section #gja7;b77#b7 ( !
 ,trade ,facilitation & ,trade ,en=cem5t
 ,act ( #bjae 7#ai ,u4,s4,c4            
#ddba7;b77#b771 n lat] ?an ! date on :i*
 ! report requir$ "u subp>agraph 7,b7 ( 
t section is submitt$ to ,congress2 or  
7#e7 9 ! case ( a cov]$ action n cov]$  
by p>agraph 7#a71 7#b71 7#c71 or 7#d71 n
 less ?an #cj days be=e tak+ su* action4
  7c7 ,def9itions ,9 ?is section3 7#a7  
,cov]$ action ,! t]m cov]$ action       
means--  7,a7 ! modification "u a trade 
en=cem5t law ( a duty impos$ ) respect  

to articles import$ f a c\ntry2 or  7,b7
 waiv+ action1 or decl9+ to ex]cise     
au?ority to take action1 "u a trade     
en=cem5t law 9 a trade en=cem5t matt] ) 
respect to a c\ntry4  7#b7 ,trade       
en=cem5t law ,! t]m trade en=cem5t law  
means-- 7,a7 *apt] ,i ( title ,,ii ( !  
,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bbea
 et seq472  7,b7 title ,,iii ( t ,act   
7#ai ,u4,s4,c4 #bdaa et seq472  7,c7    
section #abb ( t ,act 7#ai ,u4,s4,c4    
#bacb72  7,d7 section #djf1 #dba1 or    
#dbb ( t ,act 7#ai ,u4,s4,c4 #bdcf1     
#bdea1 & #bdea;a72  7,e7 sections #ccg &
 #cch7;a7 ( ! ,t>iff ,act ( #aicj 7#ai  
,u4,s4,c4 #accg & #acch7;a772  7,f7     
section #bcb ( ! ,trade ,expansion ,act 
( #aifb 7#ai ,u4,s4,c4 #ahfb72  7,g7    
section #gja ( ! ,trade ,facilitation & 
,trade ,en=cem5t ,act ( #bjae 7#ai      
,u4,s4,c4 #ddba72  7,h7 ! ,int]national 
,em]g5cy ,economic ,p[]s ,act 7#ej      
,u4,s4,c4 #agja et seq472 or  7,i7 any  
o!r provision ( law provid+ ! ,presid5t 
) au?ority to re/rict trade ) a =eign   

c\ntry ?r\gh modification ( a duty on   
imports4  #d4 ,disclosure by ,presid5t (
 income1 assets1 & liabilities associat$
 ) c\ntries eligible = trade pref]5ce   
programs  7a7 ,9 g5]al ,be=e tak+ a     
cov]$ action "u a trade pref]5ce program
 ) respect to a c\ntry or an article    
import$ f a c\ntry1 ! ,presid5t %all    
submit to ,congress1 9 accordance )     
subsection 7b71 a report conta9+ a full 
& complete /atem5t ( income e>n$1 assets
 held1 & liabilities ow$ by ! ,presid5t 
& associat$ ) ! c\ntry 9 ! #ab-mon?     
p]iod prec$+ ! submission ( ! report4   
7b7 ,tim+ ( report ,! ,presid5t %all    
submit ! report requir$ by subsection   
7a7-- 7#a7 9 ! case ( a cov]$ action "u 
title ,v ( ! ,trade ,act ( #aigd 7#ai   
,u4,s4,c4 #bdfa et seq47 ) respect to   
:i* ! ,presid5t is requir$ to submit a  
notification "u section #ejb7;f7 ( !    
,trade ,act ( #aigd 7#ai ,u4,s4,c4      
#bdfb7;f77 or a report "u section       
#ejf;,a7a77#b7 ( t ,act 7#ai ,u4,s4,c4  
#bdff;a7a77#b771 at ! "t ! ,presid5t    

submits ! notification or report2  7#b7 
9 ! case ( a cov]$ action "u ! ,c>ibbean
 ,bas9 ,economic ,recov]y ,act 7#ai     
,u4,s4,c4 #bgja et seq47 ) respect to   
:i* ! ,presid5t is requir$ to submit a  
notification "u p>agraph 7#a7 or 7#b7 ( 
section #bab7;a7 ( t ,act 7#ai ,u4,s4,c4
 #bgjb7;a77 or a report "u section      
#bac7;b77#b77;,a77v77,,ii77cc7 ( t ,act 
7#ai ,u4,s4,c4                          
#bgjc7;b77#b77;,a77v77,,ii77cc771 at !  
"t ! ,presid5t submits ! notification or
 report2 or  7#c7 9 ! case ( a cov]$    
action n cov]$ by p>agraph 7#a7 or 7#b71
 n lat] ?an #fj days be=e tak+ ! action4
  7c7 ,def9itions ,9 ?is section3 7#a7  
,cov]$ action ,! t]m cov]$ action       
means--  7,a7 ! designation ( a c\ntry z
 eligible = pref]5tial treatm5t "u a    
trade pref]5ce program2  7,b7 !         
t]m9ation ( su* a designation2  7,c7 any
 det]m9ation ) respect to ! eligibility 
( an article = pref]5tial treatm5t "u a 
trade pref]5ce program2  7,d7 ! )drawal1
 susp5sion1 or limitation ( pref]5tial  

treatm5t "u a trade pref]5ce program )  
respect to a c\ntry or an article2 or   
7,e7 ! ex]cise ( ! au?ority to waive !  
competitive ne$ limitation ) respect to 
an article "u section #ejc7;d7 ( !      
,trade ,act ( #aigd 7#ai ,u4,s4,c4      
#bdfc7;d774  7#b7 ,trade pref]5ce       
program ,! t]m trade pref]5ce program   
means-- 7,a7 ! ,g5]aliz$ ,sy/em (       
,pref]5ces "u title ,v ( ! ,trade ,act (
 #aigd 7#ai ,u4,s4,c4 #bdfa et seq472   
7,b7 ! ,african ,gr[? & ,opportunity    
,act 7#ai ,u4,s4,c4 #cgja et seq472     
7,c7 ! ,c>ibbean ,bas9 ,economic        
,recov]y ,act 7#ai ,u4,s4,c4 #bgja et   
seq472 or  7,d7 section #iae ( ! ,trade 
,facilitation & ,trade ,en=cem5t ,act ( 
#bjae 7#ai ,u4,s4,c4 #dded74  #e4       
,cont5ts ( disclosure reports ,!        
,presid5t %all include 9 a report       
requir$ "u section #b1 #c1 or #d )      
respect to a c\ntry--  7#a7 ! in=mation 
specifi$ 9 section #ajb7;a7 ( ! ,e?ics 9
 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4   
,app4 #ajb7;a771 ) respect to ea* s\rce 

( income1 ea* asset1 & ea* liability    
associat$ ) ! c\ntry2 &  7#b7 a detail$ 
description ( ! nature ( ! association (
 ea* su* s\rce ( income1 asset1 or      
liability ) ! c\ntry4  #f4 ,effect (    
failure to timely disclose  7a7 ,t>iff  
modifications ,if ! ,presid5t fails to  
submit a report requir$ by ?is ,act )   
respect to an action modify+ t>iff      
treatm5t ) respect to articles import$ f
 a c\ntry by ! "t requir$ by ?is ,act1  
any in/rum5t provid+ = ! modification ( 
su* t>iff treatm5t %all h no =ce or     
effect4  7b7 ,trade & inve/m5t agreem5ts
 ,if ! ,presid5t fails to submit a      
report requir$ by section #b ) respect  
to negotiations = a trade or inve/m5t   
agreem5t ) a c\ntry by ! "t requir$ by t
 section1 ! implem5t+ bill submitt$ to  
,congress ) respect to t agreem5t %all n
 be eligible = ! trade au?orities       
proc$ures "u section #ajc ( ! ,bip>tisan
 ,congressional ,trade ,priorities &    
,acc\ntability ,act ( #bjae 7#ai        
,u4,s4,c4 #dbjb74  #g4 ,def9itions ,9   

?is ,act3 7#a7 ,associat$ ) a c\ntry ,! 
t]m associat$ ) a c\ntry or associat$ ) 
! c\ntry--  7,a7 ) respect to an asset1 
means-- 7i7 any f9ancial acc\nt ma9ta9$ 
by a f9ancial in/itution t is a p]son ( 
! c\ntry2  7ii7 any /ock or security    
issu$ by a p]son ( ! c\ntry2  7iii7 any 
f9ancial in/rum5t or contract held =    
inve/m5t t has an issu] or c\nt]p>ty t  
is a p]son ( ! c\ntry2  7iv7 any int]e/ 
9 a p]son ( ! c\ntry2 or  7v7 any real  
prop]ty locat$ 9 ! c\ntry or 9 :i* a    
p]son ( ! c\ntry1 includ+ any           
repres5tative or ag5t ( ! gov]nm5t ( !  
c\ntry1 has a f9ancial int]e/2  7,b7 )  
respect to income1 includes divid5ds1   
r5ts1 int]e/1 or capital ga9s or any o!r
 income 7z def9$ 9 section #fa ( !      
,int]nal ,rev5ue ,code ( #aihf7 receiv$ 
directly or indirectly f an asset       
associat$ ) ! c\ntry or any gift or     
reimbursem5t receiv$ f a p]son ( !      
c\ntry1 includ+ any repres5tative or    
ag5t ( ! gov]nm5t ( ! c\ntry2 &  7,c7 ) 
respect to a liability1 ref]s to any    

liability ow$ to any cr$itor t is a     
p]son ( ! c\ntry1 includ+ an ent]prise  
own$ or controll$ by ! gov]nm5t ( !     
c\ntry4  7#b7 ,p]son ( ! c\ntry  7,a7 ,9
 g5]al ,except z provid$ 9 subp>agraph  
7,b71 ) respect to a c\ntry1 ! t]m p]son
 ( ! c\ntry means-- 7i7 an individual :o
 is a citiz5 ( ! c\ntry2 or  7ii7 a     
bran*1 p>tn]%ip1 gr\p or subgr\p1       
association1 e/ate1 tru/1 corporation or
 division ( a corporation1 or o!r       
organization if--  7,i7 x is organiz$ "u
 ! laws ( ! c\ntry2  7,,ii7 its pr9cipal
 place ( bus9ess is 9 ! c\ntry2 or      
7,,iii7 its equity securities are       
prim>ily trad$ on "o or m ex*anges ( !  
c\ntry4  7,b7 ,exception ,! t]m p]son ( 
! c\ntry does n include any bran*1      
p>tn]%ip1 gr\p or subgr\p1 association1 
e/ate1 tru/1 corporation or division ( a
 corporation1 or o!r organization = :i* 
x is demon/rat$ t a majority ( ! equity 
int]e/ 9 ! organization is ultimately   
own$ by nationals ( ! ,unit$ ,/ates4