,,ii #aahth ,,congress #ast ,session ,s4 #bieb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #bg 7legislative day1 ,september #bb71 #bjbc,mr4 ,kennedy introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to extend the ,african ,growth and ,opportunity ,act4 #a4 ,short title ,this ,act may be cited as the ,,agoa ,extension ,act of #bjbc4 #b4 ,findings2 sense of ,congress 7a7 ,findings ,congress makes the following findings3 7#a7 ,since its enactment in #bjjj1 the ,african ,growth and ,opportunity ,act 7#ai ,u4,s4,c4 #cgja et seq47 has been the centerpiece of trade relations between the ,united ,states and sub-,saharan ,africa and has enhanced trade1 investment1 job creation1 and democratic institutions throughout ,africa4 7#b7 ,trade and investment1 as facilitated by the ,african ,growth and ,opportunity ,act1 promote economic growth1 development1 poverty reduction1 democracy1 the rule of law1 and stability in sub-,saharan ,africa4 7#c7 ,since its initial enactment1 the trade preference program under the ,african ,growth and ,opportunity ,act1 which has bipartisan support1 has played an integral role in creating economic opportunity in sub-,saharan ,africa1 as well as supporting nearly #abj1jjj jobs in the ,united ,states4 7b7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 it is in the interest of the ,united ,states to engage and compete in emerging markets in sub-,saharan ,african countries1 to boost trade and investment between the ,united ,states and sub-,saharan ,african countries1 and to renew the ,african ,growth and ,opportunity ,act2 7#b7 the long-term economic security of the ,united ,states is enhanced by strong economic and political ties with the fastest-growing economies in the world1 many of which are in sub-,saharan ,africa2 7#c7 it is a goal of the ,united ,states to further integrate sub-,saharan ,african countries into the global economy1 stimulate economic development in ,africa1 and diversify sources of growth in sub-,saharan ,africa2 7#d7 the elimination of barriers to trade and investment in sub-,saharan ,africa1 including high tariffs1 forced localization requirements1 restrictions on investment1 and customs barriers1 will create opportunities for workers1 businesses1 farmers1 and ranchers in the ,united ,states and sub-,saharan ,african countries2 and 7#e7 extending the ,african ,growth and ,opportunity ,act for #bj years provides stability for all parties involved and creates more time before ,congress must again address its expiration4 #c4 ,extension of ,african ,growth and ,opportunity ,act 7a7 ,in general ,section #ejf;,b of the ,trade ,act of #aigd 7#ai ,u4,s4,c4 #bdff;b7 is amended-- 7#a7 by striking section #ejf;,a7c7 and inserting section #ejf;,a7e72 and 7#b7 by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde4 7b7 ,african ,growth and ,opportunity ,act 7#a7 ,in general ,section #aab7;g7 of the ,african ,growth and ,opportunity ,act 7#ai ,u4,s4,c4 #cgba7;g77 is amended by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde4 7#b7 ,extension of regional apparel article program ,section #aab7;b77#c77;,a7 of the ,african ,growth and ,opportunity ,act 7#ai ,u4,s4,c4 #cgba7;b77#c77;,a77 is amended-- 7,a7 in clause 7i71 by striking #ba succeeding and inserting #da succeeding2 and 7,b7 in clause 7ii77,,ii71 by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde4 7#c7 ,extension of third-country fabric program ,section #aab7;c77#a7 of the ,african ,growth and ,opportunity ,act 7#ai ,u4,s4,c4 #cgba7;c77#a77 is amended-- 7,a7 in the paragraph heading1 by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde2 7,b7 in subparagraph 7,a71 by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde2 and 7,c7 in subparagraph 7,b77ii71 by striking ,september #cj1 #bjbe and inserting ,september #cj1 #bjde4