,,ii #aah? ,,congress #a/ ,session ,s4 #fbi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #b1 #bjbc,mr4 ,coons 7= himself & ,mr4 ,?une7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to provide ! ,presid5t ) au?ority to ent] into a compreh5sive trade agreem5t ) ! ,unit$ ,k+dom1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,und]tak+ ,negotiations on ,inve/m5t & ,trade = ,economic ,dynamism ,act or ! ,,unit$ ,act4 #b4 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 ! ,unit$ ,/ates %\ld pursue m op5 trade & inve/m5t relation%ips ) its allies to /r5g!n ! economy ( ! ,unit$ ,/ates1 improve ! /&>d ( liv+ ( ! p ( ! ,unit$ ,/ates1 & advance ! /rategic int]e/s ( ! ,unit$ ,/ates2 7#b7 agreem5ts to r$uce or elim9ate b>ri]s to trade & inve/m5t betwe5 ! ,unit$ ,/ates & its allies w fo/] mutually b5eficial economic relation%ips t advance ! economic int]e/s ( work]s1 f>m]s1 ran*]s1 & bus9esses ( all sizes 9 ! ,unit$ ,/ates2 7#c7 ! %>$ values & long hi/ory ( ! special relation%ip betwe5 ! ,unit$ ,/ates & ! ,unit$ ,k+dom pres5t a unique opportunity to deep5 ! mutually b5eficial economic & /rategic relation%ip betwe5 ^? c\ntries & fur!r exp& prosp]ity = ! citiz5s ( ^? c\ntries2 7#d7 a high-/&>d1 compreh5sive trade agreem5t betwe5 ! ,unit$ ,/ates & ! ,unit$ ,k+dom w\ld help /r5g!n t relation%ip1 improve ! economic prospects ( p 9 bo? c\ntries1 increase ! resili5ce ( critical supply *a9s1 & create export opportunities = bus9esses ( all sizes2 7#e7 ! ef=ts ( ! ,unit$ ,/ates-,unit$ ,k+dom ,trade & ,inve/m5t ,work+ ,gr\p & ! bilat]al negotiations initiat$ by ,presid5t ,donald ,trump h laid gr\ndwork t[>d a compreh5sive trade agreem5t2 7#f7 ! ,unit$ ,/ates-,unit$ ,k+dom ,dialogue on ! ,future ( ,atlantic ,trade initiat$ by ,presid5t ,joe ,bid5 cont9ues long/&+ ef=ts to improve economic coop]ation betwe5 ! ,unit$ ,/ates & ! ,unit$ ,k+dom2 7#g7 ! robu/ labor & environm5tal protections 9 ! ,unit$ ,k+dom r$uce ! risk ( regulatory arbitrage t und]cuts work]s & bus9esses 9 ! ,unit$ ,/ates2 7#h7 ,congress pass$ ! ,,usmca ) ov]:elm+ bip>tisan support1 sett+ high /&>ds 9 ,nor? ,am]ica ) respect to labor rights1 ! environm5t1 intellectual prop]ty1 non-m>ket practices1 & s]vices1 & ^? /&>ds %\ld in=m future negotiations2 7#i7 trade agreem5ts ) =eign trad+ p>tn]s t %>e ! values & ambition ( ! ,unit$ ,/ates (f] an opportunity to build on ! ,,usmca & set high int]national /&>ds across _m important policy areas2 7#aj7 any trade negotiations betwe5 ! ,unit$ ,/ates & ! ,unit$ ,k+dom mu/ honor ! agreem5t betwe5 ! ,gov]nm5t ( ,irel& & ! ,gov]nm5t ( ! ,unit$ ,k+dom sign$ on ,april #aj1 #aiih 7commonly kn[n z ! ,good ,friday ,agreem5t71 & any trade agreem5t betwe5 ^? c\ntries mu/ advance peace1 /ability1 & prosp]ity 9 ,irel& & ,nor!rn ,irel&2 7#aa7 ! ,unit$ ,k+dom1 l _m key trad+ p>tn]s ( ! ,unit$ ,/ates1 is actively negotiat+ = exp&$ access to =eign m>kets1 includ+ ?r\gh bo? new bilat]al agreem5ts & exi/+ regional agreem5ts su* z ! ,compreh5sive & ,progressive ,agreem5t = ,trans-,pacific ,p>tn]%ip1 & ! ,unit$ ,/ates mu/ likewise seek to advance its access to =eign m>kets to ensure t bus9esses1 consum]s1 f>m]s1 ran*]s1 & work]s 9 ! ,unit$ ,/ates are n left beh9d2 & 7#ab7 to effectively pursue compreh5sive trade negotiations ) ! ,unit$ ,k+dom = purposes ( a trade agreem5t betwe5 ! ,unit$ ,/ates & ! ,unit$ ,k+dom1 ,congress mu/ grant new negotiat+ au?ority to ! ,presid5t1 :i* %\ld-- 7,a7 enable ! swift negotiation & passage ?r\gh ,congress ( su* an agreem5t2 & 7,b7 be n>r[ly tailor$ to provide cle> direction to ! executive bran* ( ! ,unit$ ,/ates ,gov]nm5t4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,,usmca ,! t]m ,,usmca means ! ,agreem5t betwe5 ! ,unit$ ,/ates ( ,am]ica1 ! ,unit$ ,mexican ,/ates1 & ,canada1 :i* is-- 7,a7 atta*$ z an ,annex to ! ,protocol ,replac+ ! ,nor? ,am]ican ,free ,trade ,agreem5t ) ! ,agreem5t betwe5 ! ,unit$ ,/ates ( ,am]ica1 ! ,unit$ ,mexican ,/ates1 & ,canada1 done at ,bu5os ,aires on ,novemb] #cj1 #bjah1 z am5d$ by ! ,protocol ( ,am5dm5t to ! ,agreem5t ,betwe5 ! ,unit$ ,/ates ( ,am]ica1 ! ,unit$ ,mexican ,/ates1 & ,canada1 done at ,mexico ,city on ,decemb] #aj1 #bjai2 & 7,b7 approv$ by ,congress "u section #aja7;a77#a7 ( ! ,unit$ ,/ates-,mexico-,canada ,agreem5t ,implem5tation ,act 7#ai ,u4,s4,c4 #deaa7;a774 7#b7 ,unit$ ,k+dom ,! t]m ,unit$ ,k+dom means ! ,unit$ ,k+dom ( ,great ,brita9 & ,nor!rn ,irel&4 #d4 ,negotiat+ & trade agreem5ts au?ority = compreh5sive agreem5t ) ! ,unit$ ,k+dom 7a7 ,initiation ( negotiations ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 9 ord] to enhance ! economic well-be+ ( ! ,unit$ ,/ates1 ! ,presid5t %all seek to initiate negotiations ) ! ,unit$ ,k+dom reg>d+ t>iff & nont>iff b>ri]s affect+ any indu/ry1 product1 or s]vice sector4 7b7 ,au?ority = compreh5sive trade agreem5t ) ! ,unit$ ,k+dom 7#a7 ,9 g5]al ,to /r5g!n ! economic competitiv5ess ( ! ,unit$ ,/ates1 ! ,presid5t may ent] into a compreh5sive trade agreem5t ) ! ,unit$ ,k+dom reg>d+ t>iff & nont>iff b>ri]s affect+ trade betwe5 ! ,unit$ ,/ates & ,unit$ ,k+dom4 7#b7 ,t]m9ation ( au?ority ,! au?ority "u p>agraph 7#a7 t]m9ates on ,m>* #a1 #bjbe4 7c7 ,modifications p]mitt$ 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,presid5t may proclaim su* modification or cont9uance ( any exi/+ duty1 cont9uance ( exi/+ duty-free or excise treatm5t1 or su* additional duties z ! ,presid5t det]m9es to be requir$ or appropriate to c>ry out an agreem5t ent]$ into "u subsection 7b74 7#b7 ,limitations 7,a7 ,modifications or additions to agreem5t ,sub/antial modifications to1 or sub/antial additional provisions (1 an agreem5t ent]$ into aft] ,m>* #a1 #bjbe1 are n cov]$ by ! au?ority "u p>agraph 7#a74 7,b7 ,am\nt ( duty modification ,no proclamation may be made "u p>agraph 7#a7 t-- 7i7 r$uces any rate ( duty 7o!r ?an a rate ( duty t does n exce$ #e p]c5t ad valorem on ! date ( ! enactm5t ( ?is ,act7 to a rate ( duty t is less ?an #ej p]c5t ( ! rate ( su* duty t applies on su* date ( enactm5t2 7ii7 r$uces ! rate ( duty bel[ t applicable "u ! ,uruguay ,r\nd ,agreem5ts 7z def9$ 9 section #b7g7 ( ! ,uruguay ,r\nd ,agreem5ts ,act 7#ai ,u4,s4,c4 #ceja77 or a successor agreem5t1 on any import s5sitive agricultural product2 or 7iii7 increases any rate ( duty above ! rate t appli$ on ! date ( ! enactm5t ( ?is ,act4 7d7 ,consultation ) & notification to ,congress ,to ensure ! alignm5t ( ! trade policy priorities ( ,congress ) ! cont5t ( any agreem5t "u ?is section1 ! ,presid5t %all consult ) ,congress be=e & ?r\gh\t negotiations initiat$ "u subsection 7a7 & %all notify ,congress ( ! int5tion ( ! ,presid5t to ent] into an agreem5t "u subsection 7b7 or to make a proclamation "u subsection 7c74 7e7 ,bills qualify+ = trade au?orities proc$ures 7#a7 ,implem5t+ bills 7,a7 ,9 g5]al ,! provisions ( section #aea ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #baia7 apply to a bill ( ei!r ,h\se ( ,congress t conta9s provisions describ$ 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 agreem5t1 only su* provisions z are /rictly necess>y or appropriate to implem5t su* trade agreem5t1 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 a trade agreem5t ent]$ into "u ?is section be=e ,m>* #a1 #bjbe4 7f7 ,limitation on waiv]1 susp5sion1 or t]m9ation ,an agreem5t ent]$ into "u ?is section %all n be waiv$1 susp5d$1 or t]m9at$1 9 :ole or 9 "p1 ) respect to ! ,unit$ ,/ates )\t ! express approval by ,congress ( su* t]m9ation4 7g7 ,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$ures "u subsection 7e71 includ+ an agreem5t t does n require *anges to ,unit$ ,/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$ures "u section #ajf ( t ,act 7#ai ,u4,s4,c4 #dbje74 7#e7 ,! provisions relat$ to sov]eignty "u section #ajh ( t ,act 7#ai ,u4,s4,c4 #dbjg74