,,ii #aaith ,,congress #ast ,session ,s4 #ggf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #bg1 #bjbe,mr4 ,coons 7for himself and ,mr4 ,moran7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to provide the ,president with authority to enter into a comprehensive trade agreement with the ,united ,kingdom1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,undertaking ,negotiations on ,investment and ,trade for ,economic ,dynamism ,act or the ,,united ,act4 #b4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 the ,united ,states should pursue more open trade and investment relationships with its allies to strengthen the economy of the ,united ,states1 improve the standard of living of the people of the ,united ,states1 and advance the strategic interests of the ,united ,states2 7#b7 agreements to reduce or eliminate barriers to trade and investment between the ,united ,states and its allies will foster mutually beneficial economic relationships that advance the economic interests of workers1 farmers1 ranchers1 and businesses of all sizes in the ,united ,states2 7#c7 the shared values and long history of the special relationship between the ,united ,states and the ,united ,kingdom present a unique opportunity to deepen the mutually beneficial economic and strategic relationship between those countries and further expand prosperity for the citizens of those countries2 7#d7 a high-standard1 comprehensive trade agreement between the ,united ,states and the ,united ,kingdom would help strengthen that relationship1 improve the economic prospects of people in both countries1 increase the resilience of critical supply chains1 and create export opportunities for businesses of all sizes2 7#e7 the efforts of the ,united ,states-,united ,kingdom ,trade and ,investment ,working ,group and the bilateral negotiations initiated by ,president ,donald ,j4 ,trump have laid groundwork toward a comprehensive trade agreement2 7#f7 the ,united ,states-,united ,kingdom ,dialogue on the ,future of ,atlantic ,trade1 initiated by ,president ,joseph ,r4 ,biden1 along with the signing of the document entitled ,atlantic ,declaration3 ,a ,framework for a ,twenty-,first ,century ,u4,s4-,u4,k4 ,economic ,partnership1 continued efforts to improve economic cooperation between the ,united ,states and ,united ,kingdom2 7#g7 the robust labor and environmental protections in the ,united ,kingdom reduce the risk of regulatory arbitrage that undercuts workers and businesses in the ,united ,states2 7#h7 ,congress passed the ,,usmca with overwhelming bipartisan support1 setting high standards in ,north ,america with respect to labor rights1 the environment1 intellectual property1 non-market practices1 and services1 and those standards should inform future negotiations2 7#i7 trade agreements with foreign trading partners that share the values and ambition of the ,united ,states offer an opportunity to build on the ,,usmca and set high international standards across many important policy areas2 7#aj7 any trade negotiations between the ,united ,states and the ,united ,kingdom must honor the agreement between the ,government of ,ireland and the ,government of the ,united ,kingdom signed on ,april #aj1 #aiih 7commonly known as the ,good ,friday ,agreement71 and any trade agreement between those countries must advance peace1 stability1 and prosperity in ,ireland and ,northern ,ireland2 7#aa7 the ,united ,kingdom1 like many key trading partners of the ,united ,states1 is actively negotiating for expanded access to foreign markets1 and the ,united ,states must likewise seek to advance its access to foreign markets to ensure that businesses1 consumers1 farmers1 ranchers1 and workers in the ,united ,states are not left behind2 and 7#ab7 to effectively pursue comprehensive trade negotiations with the ,united ,kingdom for purposes of a trade agreement between the ,united ,states and the ,united ,kingdom1 ,congress must grant new negotiating authority to the ,president1 which should-- 7,a7 enable the swift negotiation and passage through ,congress of such an agreement2 and 7,b7 be narrowly tailored to provide clear direction to the executive branch of the ,united ,states ,government4 #c4 ,definitions ,in this ,act3 7#a7 ,,usmca ,the term ,,usmca means the ,agreement between the ,united ,states of ,america1 the ,united ,mexican ,states1 and ,canada1 which is-- 7,a7 attached as an ,annex to the ,protocol ,replacing the ,north ,american ,free ,trade ,agreement with the ,agreement between the ,united ,states of ,america1 the ,united ,mexican ,states1 and ,canada1 done at ,buenos ,aires on ,november #cj1 #bjah1 as amended by the ,protocol of ,amendment to the ,agreement ,between the ,united ,states of ,america1 the ,united ,mexican ,states1 and ,canada1 done at ,mexico ,city on ,december #aj1 #bjai2 and 7,b7 approved by ,congress under section #aja7;a77#a7 of the ,united ,states-,mexico-,canada ,agreement ,implementation ,act 7#ai ,u4,s4,c4 #deaa7;a774 7#b7 ,united ,kingdom ,the term ,united ,kingdom means the ,united ,kingdom of ,great ,britain and ,northern ,ireland4 #d4 ,negotiating and trade agreements authority for comprehensive agreement with the ,united ,kingdom 7a7 ,initiation of negotiations ,not later than #ahj days after the date of the enactment of this ,act1 in order to enhance the economic well-being of the ,united ,states1 the ,president shall seek to initiate negotiations with the ,united ,kingdom regarding tariff and nontariff barriers affecting any industry1 product1 or service sector4 7b7 ,authority for comprehensive trade agreement with the ,united ,kingdom 7#a7 ,in general ,to strengthen the economic competitiveness of the ,united ,states1 the ,president may enter into a comprehensive trade agreement with the ,united ,kingdom regarding tariff and nontariff barriers affecting trade between the ,united ,states and ,united ,kingdom4 7#b7 ,termination of authority ,the authority under paragraph 7#a7 terminates on ,march #a1 #bjbi4 7c7 ,modifications permitted 7#a7 ,in general ,subject to paragraph 7#b71 the ,president may proclaim such modification or continuance of any existing duty1 continuance of existing duty-free or excise treatment1 or such additional duties as the ,president determines to be required or appropriate to carry out an agreement entered into under subsection 7b74 7#b7 ,limitations 7,a7 ,modifications or additions to agreement ,substantial modifications to1 or substantial additional provisions of1 an agreement entered into after ,march #a1 #bjbi1 are not covered by the authority under paragraph 7#a74 7,b7 ,amount of duty modification ,no proclamation may be made under paragraph 7#a7 that-- 7i7 reduces any rate of duty 7other than a rate of duty that does not exceed #e percent ad valorem on the date of the enactment of this ,act7 to a rate of duty that is less than #ej percent of the rate of such duty that applies on such date of enactment2 7ii7 reduces the rate of duty below that applicable under the ,uruguay ,round ,agreements 7as defined in section #b7g7 of the ,uruguay ,round ,agreements ,act 7#ai ,u4,s4,c4 #ceja77 or a successor agreement1 on any import sensitive agricultural product2 or 7iii7 increases any rate of duty above the rate that applied on the date of the enactment of this ,act4 7d7 ,consultation with and notification to ,congress ,to ensure the alignment of the trade policy priorities of ,congress with the content of any agreement under this section1 the ,president shall consult with ,congress before and throughout negotiations initiated under subsection 7a7 and shall notify ,congress of the intention of the ,president to enter into an agreement under subsection 7b7 or to make a proclamation under subsection 7c74 7e7 ,bills qualifying for trade authorities procedures 7#a7 ,implementing bills 7,a7 ,in general ,the provisions of section #aea of the ,trade ,act of #aigd 7#ai ,u4,s4,c4 #baia7 apply to a bill of either ,house of ,congress that contains provisions described in subparagraph 7,b7 to the same extent as such section #aea applies to implementing bills under that section4 ,a bill to which this paragraph applies shall hereafter in this section be referred to as an implementing bill4 7,b7 ,provisions specified ,the provisions described in this subparagraph are-- 7i7 a provision approving a trade agreement entered into under this section and approving the statement of administrative action1 if any1 proposed to implement such trade agreement2 and 7ii7 if changes in existing laws or new statutory authority are required to implement such trade agreement1 only such provisions as are strictly necessary or appropriate to implement such trade agreement1 either repealing or amending existing laws or providing new statutory authority4 7#b7 ,deadline for submission of bill ,the procedures under paragraph 7#a7 apply to implementing bills submitted with respect to a trade agreement entered into under this section before ,march #a1 #bjbi4 7f7 ,limitation on waiver1 suspension1 or termination ,an agreement entered into under this section shall not be waived1 suspended1 or terminated1 in whole or in part1 with respect to the ,united ,states without the express approval by ,congress of such termination4 7g7 ,relationship to ,bipartisan ,congressional ,trade ,priorities and ,accountability ,act of #bjae ,an agreement under this section shall not enter into force with respect to the ,united ,states and an implementing bill shall not qualify for trade authorities procedures under subsection 7e71 including an agreement that does not require changes to ,united ,states law or an implementing bill in connection therewith1 unless the following requirements under the ,bipartisan ,congressional ,trade ,priorities and ,accountability ,act of #bjae 7#ai ,u4,s4,c4 #dbja et seq47 are carried out with respect to that agreement or implementing bill to the same extent as would be required of an agreement entered into under section #ajc7;b7 of that ,act 7#ai ,u4,s4,c4 #dbjb7;b771 notwithstanding the expiration of authority to enter into an agreement under such section #ajc7;b73 7#a7 ,the trade negotiating objectives under section #ajb of that ,act 7#ai ,u4,s4,c4 #dbja74 7#b7 ,the congressional oversight and consultation requirements under section #ajd of that ,act 7#ai ,u4,s4,c4 #dbjc74 7#c7 ,the notification1 consultation1 and reporting requirements under section #aje of that ,act 7#ai ,u4,s4,c4 #dbjd74 7#d7 ,the implementation procedures under section #ajf of that ,act 7#ai ,u4,s4,c4 #dbje74 7#e7 ,the provisions related to sovereignty under section #ajh of that ,act 7#ai ,u4,s4,c4 #dbjg74