,,ii #aag? ,,congress #b;d ,session ,s4 #cgjh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #bh1 #bjbb,mr4 ,portman 7= himself & ,mr4 ,coons7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to provide ! ,presid5t ) au?ority to ent] into c]ta9 plurilat]al trade agreem5ts ) b5efits only apply+ to signatories ( ^? agreem5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,trad+ ,sy/em ,pres]vation ,act4 #b4 ,f9d+s2 ,s5se ( ,congress 7a7 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,! ,_w ,trade ,organization 79 ?is section ref]r$ to z ! ,,wto7 0 e/abli%$ to be a =um = multilat]al trade negotiations betwe5 memb] c\ntries4 7#b7 ,scant negotiat+ progress has be5 made at ! ,,wto s9ce its creation 9 #aiie1 includ+ ?r\gh ! fail$ ,doha ,r\nd1 :i* 0 initiat$ #bj ye>s be=e ! date ( ! enactm5t ( ?is ,act4 7#c7 ,! inability to rea* negotiat$ outcomes at ! ,,wto has pu%$ ! multilat]al trad+ sy/em to ! br9k ( irrelevance & creat$ inc5tives = memb]s ( ! ,,wto to pursue _! trade policy objectives ?r\gh litigation r ?an negotiation4 7#d7 ,t lack ( negotiat+ progress c be g5]ally attribut$ to a small m9ority ( ,,wto memb]s t1 = a v>iety ( reasons1 h ex]cis$ an effective veto ov] negotiations1 effectively prohibit+ agreem5t on new rules to discipl9e discrim9atory practices4 7#e7 ,mo/ favor$ nation 79 ?is section ref]r$ to z ,,mfn7 obligations1 /rictly def9$1 :i* appe> to g5]ally require equal treatm5t ( all ,,wto memb]s1 make x difficult to a*ieve high-quality plurilat]al agreem5ts because ( conc]ns ab\t free rid]%ip by ,,wto memb]s :o are n p>ty to ^? agreem5ts4 7b7 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 ! ,,wto sy/em af=ds a v>iety ( flexibilities = ,,wto memb]s to negotiate & conclude plurilat]al agreem5ts )\t ext5d+ ! b5efits negotiat$ !re9 to ! entire memb]%ip ( ! ,,wto on an ,,mfn basis2 7#b7 to re9vigorate ! multilat]al trad+ sy/em & advance its trade int]e/s1 ! ,unit$ ,/ates %\ld ex]cise its rights to negotiate new sectoral trade agreem5ts ) o!r int]e/$ ,,wto memb]s on a plurilat]al basis2 7#c7 to facilitate ^? negotiations1 enable a high level ( ambition1 & avoid l[e/ common d5om9ator outcomes1 any new b5efits negotiat$ "u ^? new agreem5ts %\ld be limit$ to ! p>ticipants & n ext5d$ to ! entire memb]%ip ( ! ,,wto2 & 7#d7 pursu+ plurilat]al agreem5ts t are n subject to unconditional ,,mfn w enable ! ,unit$ ,/ates to "w ) l-m9d$ c\ntries )9 ! framework ( ! ,,wto to develop new rules to discipl9e discrim9atory1 trade di/ort+1 & non-m>ket practices1 re/ore ! relevance ( ! multilat]al trad+ sy/em1 & exp& trade to ! b5efit ( ! citiz5s ( ! ,unit$ ,/ates4 #c4 ,brief+ on plurilat]al agreem5ts ) b5efits apply+ only to signatories ( ^? agreem5ts 7a7 ,9 g5]al ,n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,unit$ ,/ates ,trade ,repres5tative %all provide to ! ,committee on ,f9ance ( ! ,s5ate & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives a classifi$ brief+ on ! feasibility & advisability ( pursu+ & adopt+ cov]$ plurilat]al trade agreem5ts4 7b7 ,elem5ts ,! brief+ requir$ "u subsection 7a7 %all include a discussion ( ! opportunities1 ob/acles1 feasibility1 & advisability ( negotiat+ & adopt+ cov]$ plurilat]al trade agreem5ts4 7c7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ plurilat]al trade agreem5t ,! t]m cov]$ plurilat]al trade agreem5t means a sector-specific agreem5t )9 ! framework ( ! ,_w ,trade ,organization involv+ =eign c\ntries or =eign t]ritories t =m a subset ( ! memb]s ( ! ,_w ,trade ,organization t does n ext5d b5efits on a mo/ favor$ nation basis4 7#b7 ,mo/ favor$ nation ,! t]m mo/ favor$ nation1 ) respect to requirem5ts relat+ to a trade agreem5t1 means requirem5ts "u ! ,_w ,trade ,organization = nondiscrim9atory trade treatm5t among all p>ties to ! agreem5t4 #d4 ,negotiat+ & trade agreem5ts au?ority = c]ta9 plurilat]al agreem5ts ) b5efits apply+ only to signatories ( ^? agreem5ts 7a7 ,initiation ( negotiations 7#a7 ,9 g5]al ,9 ord] to enhance ! economic well-be+ ( ! ,unit$ ,/ates1 ! ,presid5t %all initiate negotiations = a cov]$ plurilat]al trade agreem5t "u ?is section :5 ! ,presid5t det]m9es t x is 9 ! national int]e/ to d s4 7#b7 ,limitation ,! ,presid5t may n initiate negotiations = a cov]$ plurilat]al trade agreem5t "u ?is section until ! date on :i* ! ,unit$ ,/ates ,trade ,repres5tative provides ! brief+ requir$ by section #c7;a74 7b7 ,au?ority = agreem5ts 7#a7 ,9 g5]al ,to /r5g!n ! economic competitiv5ess ( ! ,unit$ ,/ates by improv+ trade relations ) c\ntries simil>ly int]e/$1 ! ,presid5t may ent] into cov]$ plurilat]al trade agreem5ts 9 a sector ( ! economy specifi$ 9 subsection 7d74 7#b7 ,t]m9ation ( au?ority ,! au?ority "u p>agraph 7#a7 t]m9ates on ,july #a1 #bjbg4 7c7 ,modifications p]mitt$ 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,presid5t may proclaim su* modification or cont9uance ( any exi/+ duty or cont9uance ( exi/+ duty-free or excise treatm5t z ! ,presid5t det]m9es to be requir$ or appropriate to c>ry out an agreem5t ent]$ into "u subsection 7b74 7#b7 ,limitation ,sub/antial modifications to1 or sub/antial additional provisions (1 an agreem5t ent]$ into aft] ,july #a1 #bjbg1 are n cov]$ by ! au?ority "u p>agraph 7#a74 7d7 ,sectors ( ! economy specifi$ ,a sector ( ! economy specifi$ 9 ?is subsection is any ( ! foll[+ sectors3 7#a7 ,e-comm]ce & digital s]vices4 7#b7 ,ph>maceuticals & m$ical c\nt]measures4 7#c7 ,environm5tal goods4 7#d7 ,s]vices4 7#e7 ,any sector t is subject to sub/antial int]f]5ce by a =eign gov]nm5t1 includ+ ?r\gh excessive subsidies or /ate-own$ ent]prises4 7e7 ,consultation ) & notification to ,congress ,! ,presid5t %all consult ) ,congress reg>d+1 & notify ,congress (1 ! int5tion ( ! ,presid5t to ent] into an agreem5t "u subsection 7b7 or to make a proclamation "u subsection 7c74 7f7 ,p>ticipat+ c\ntries 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,presid5t may det]m9e :i* =eign c\ntries or =eign t]ritories to negotiate ) t[>d an agreem5t "u ?is section &1 aft] ! implem5tation ( any su* agreem5t1 ! ,presid5t may1 z conditions w>rant1 id5tify & engage 9 negotiations ) additional c\ntries or t]ritories t wi% to acc$e to ! agreem5t4 7#b7 ,non-m>ket economy c\ntry 7,a7 ,9 g5]al ,! ,presid5t may n negotiate an agreem5t "u ?is section ) a =eign c\ntry or =eign t]ritory det]m9$ to be a non-m>ket economy c\ntry pursuant to section #gga7ah7 ( ! ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4 #afgg7ah774 7,b7 ,aft] entry into =ce ,a =eign c\ntry or =eign t]ritory describ$ 9 subp>agraph 7,a7 may acc$e to a complet$ agreem5t negotiat$ pursuant to ?is section aft] entry into =ce ( ! agreem5t if a jo9t resolution is fir/ enact$ approv+ ! accession ( t c\ntry to ! agreem5t4 7g7 ,bills qualify+ = trade au?orities proc$ures 7#a7 ,implem5t+ bills 7,a7 ,9 g5]al ,! provisions ( section #aea ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #baia7 apply to a bill ( ei!r ,h\se ( ,congress :i* conta9s provisions describ$ 9 subp>agraph 7,b7 to ! same ext5t z su* section #aea applies to implem5t+ bills "u t section4 ,a bill to :i* ?is p>agraph applies %all h]eaft] 9 ?is section be ref]r$ to z an implem5t+ bill4 7,b7 ,provisions specifi$ ,! provisions describ$ 9 ?is subp>agraph are-- 7i7 a provision approv+ a trade agreem5t ent]$ into "u ?is section & approv+ ! /atem5t ( adm9i/rative action1 if any1 propos$ to implem5t su* trade agreem5t2 & 7ii7 if *anges 9 exi/+ laws or new /atutory au?ority are requir$ to implem5t su* trade agreem5t or agreem5ts1 only su* provisions z are /rictly necess>y or appropriate to implem5t su* trade agreem5t or agreem5ts1 ei!r repeal+ or am5d+ exi/+ laws or provid+ new /atutory au?ority4 7#b7 ,deadl9e = submission ( bill ,! proc$ures "u p>agraph 7#a7 apply to implem5t+ bills submitt$ ) respect to trade agreem5ts ent]$ into "u ?is section be=e ,july #a1 #bjbg4 7h7 ,relation%ip to ,bip>tisan ,congressional ,trade ,priorities & ,acc\ntability ,act ( #bjae ,an agreem5t "u ?is section %all n ent] into =ce ) respect to ! ,unit$ ,/ates & an implem5t+ bill %all n qualify = trade au?orities proc$ures "u subsection 7g71 includ+ an agreem5t t does n require *anges to ,unit$ ,/ates law or an implem5t+ bill 9 connection !re)1 unless ! foll[+ requirem5ts "u ! ,bip>tisan ,congressional ,trade ,priorities & ,acc\ntability ,act ( #bjae 7#ai ,u4,s4,c4 #dbja et seq47 are c>ri$ out ) respect to t agreem5t or implem5t+ bill to ! same ext5t z w\ld be requir$ ( an agreem5t ent]$ into "u section #ajc7;b7 ( t ,act 7#ai ,u4,s4,c4 #dbjb7;b771 not)/&+ ! expiration ( au?ority to ent] into an agreem5t "u su* section #ajc7;b73 7#a7 ,! trade negotiat+ objectives "u section #ajb ( t ,act 7#ai ,u4,s4,c4 #dbja74 7#b7 ,! congressional ov]sight & consultation requirem5ts "u section #ajd ( t ,act 7#ai ,u4,s4,c4 #dbjc74 7#c7 ,! notification1 consultation1 & report+ requirem5ts "u section #aje ( t ,act 7#ai ,u4,s4,c4 #dbjd74 7#d7 ,! implem5tation proc$ures "u section #ajf ( t ,act 7#ai ,u4,s4,c4 #dbje74 7i7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ plurilat]al trade agreem5t ,! t]m cov]$ plurilat]al trade agreem5t means a sector-specific agreem5t )9 ! framework ( ! ,_w ,trade ,organization involv+ =eign c\ntries or =eign t]ritories t =m a subset ( ! memb]s ( ! ,_w ,trade ,organization t does n ext5d b5efits on a mo/ favor$ nation basis4 7#b7 ,mo/ favor$ nation ,! t]m mo/ favor$ nation1 ) respect to requirem5ts relat+ to a trade agreem5t1 means requirem5ts "u ! ,_w ,trade ,organization = nondiscrim9atory trade treatm5t among all p>ties to ! agreem5t4