Secretary shall publish procedural regulations to give effect to the authority conferred on him by subsection (b).]

(e)(1) Upon the disposition of each request, application, or motion under subsection (b), the Secretary shall submit to the Congress, and publish in the Federal Register, a report on such disposition.

(2) The President shall submit to the Congress an annual report on the operation of the provisions of this section.

[(e)](1) An action taken by the President under [subsection subsection (c) to adjust imports of petroleum or petroleum products shall cease to have force and effect upon the enactment of a disapproval resolution, provided for in paragraph (2), relating to that action.

(2)(A) This paragraph is enacted by the Congress

(i) as an exercise of the rulemaking power of the House of Representatives and the Senate, respectively, and as such is deemed a part of the rules of each House, respectively, but applicable only with respect to the procedures to be followed in that House in the case of disapproval resolutions and such procedures supersede other rules only to the extent that they are inconsistent therewith; and

(ii) with the full recognition of the constitional right of either House to change the rules (so far as relating to the procedure of that House) at any time, in the same manner, and to the same extent as any other rule of that House.

dated

(B) For purposes of this subsection, the term "disapproval resolution" means only a joint resolution of either House of Congress the matter after the resolving clause of which is as follows: "That the Congress disapproves the action taken under section 232 of the Trade Expansion Act of 1962 with respect to petroleum imports under .", the first blank space being filled with the number of the proclamation, Executive order or other Executive act issued under the authority of [subsection (b)] subsection (c) of such section 232 for purposes of adjusting imports of petroleum or petroleum products and the second blank being filled with the appropriate date.

SEC. 242. INTERAGENCY TRADE ORGANIZATION.

[(a) The President shall establish an interagency organization to assist him in carrying out the functions vested in him by this title and section 201, 202, and 203 of the Trade Act of 1974. Such organization shall, in addition to the United States Trade Representative, be composed of the heads of such departments and of such other officers as the President shall designate. It shall meet at such times and with respect to such matters as the President or the chairman of the organization shall direct. The organization may invite the participation in its activities of any agency not represented in the organization when matters of interest to such agency are under consideration.]

(a)(1) The President shall establish an interagency organization. (2) The functions of the organization are

(A) to assist, and make recommendations to, the President in carrying out the functions vested in him by the trade laws and to advise the United States Trade Representative (hereinafter in

this section referred to as the "Trade Representative") in carrying out the functions set forth in section 141 of the Trade Act of 1974;

(B) to assist the President, and advise the Trade Representative, with respect to the development and implementation of the international trade policy objectives of the United States; and (C) to advise the President and the Trade Representative with respect to the relationship between the international trade policy objectives of the United States and other major policy areas which may significantly affect the overall international trade policy and trade competitiveness of the United States. (3) The interagency organization shall be composed of the following:

(A) The Trade Representative, who shall be chairperson.
(B) The Secretary of Commerce.

(C) The Secretary of State.

(D) The Secretary of the Treasury.
(E) The Secretary of Agriculture.

(F) The Secretary of Labor.

The Trade Representative may invite representatives from other agencies, as appropriate, to attend particular meetings if subject matters of specific functional interest to such agencies are under consideration. It shall meet at such times and with respect to such matters as the President or the Chairman shall direct.

(b) In assisting the President, the organization shall

(1) make recommendations to the President on basic policy issues arising in the administration of the trade agreements program,

(2) make recommendations to the President as to what action, if any, he should take on reports submitted to him by the United States International Trade Commission under section 201(d) of the Trade Act of 1974,

(3) advise the President of the results of hearings held pusuant to section 302(b)(2) of the Trade Act of 1974, and recommend appropriate action with respect thereto, and

(4) perform such other functions with respect to the trade agreements program as the President may from time to time designate.

In carrying out its functions under this subsection, the organization shall take into account the advice of the congressional advisers and private sector advisory committees, as well as that of any committee or other body established to advise the department, agency, or office which a member of the organization heads.

TARIFF CLASSIFICATION ACT OF 1962

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TITLE II-ADMINISTRATIVE AND SAVING PROVISIONS

[SEC. 201. The Commission is authorized to issue, at appropriate intervals, and to keep up to date, a publication containing current tariff schedules and related matters, including such matter as may be needed for reporting statistics.]

TRADE ACT OF 1974, AS AMENDED

TABLE OF CONTENTS

TITLE I-NEGOTIATING AND OTHER AUTHORITY

[CHAPTER 8-BARRIERS TO MARKET ACCESS]

CHAPTER 8-IDENTIFICATION OF MARKET BARRIERS AND CERTAIN UNFAIR TRADE

PRACTICES

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Sec. 181. Actions concerning barriers to market access.

Sec. 182. Identification of countries that deny adequate protection, or market access, for intellectual property rights.

TITLE II-RELIEF FROM INJURY CAUSED BY IMPORT COMPETITION

[CHAPTER 1-IMPORT RELIEF

[Sec. 201. Investigation by International Trade Commission. [Sec. 202. Presidential action after investigations.

[Sec. 203. Import relief.]

CHAPTER 1-Positive ADJUSTMENT BY Industries INJURED BY IMPORTS

Sec. 201. Action to facilitate positive adjustment to import competition.
Sec. 202. Investigations, determinations, and recommendations by Commission.
Sec. 203. Action by President after determination of import injury.

Sec. 204. Monitoring, modification, and termination of action.

Sec. 286. Trade Adjustment Trust Fund.

Sec. 287. Imposition of additional fee.

TITLE III-RELIEF FROM UNFAIR TRADE PRACTICES

[CHAPTER 1-ENFORCEMENT OF UNITED STATES RIGHTS UNDER TRADE AGREEMENTS AND RESPONSE TO CERTAIN FOREIGN TRADE PRACTICES

[Sec. 301. Determination and action by President.

[Sec. 302. Initiation of Investigations by United States Trade Representative. [Sec. 303. Consultation upon initiation of investigation.

Sec. 304. Recommendations by the Special Representative.

[Sec. 305. Requests for information.

[Sec. 306. Administration.]

CHAPTER 1-ENFORCEMENT OF UNITED STATES RIGHTS UNDER TRADE AGREEMENTS AND RESPONSES TO FOREIGN TRADE PRACTICES

Sec. 301. Actions by United States Trade Representative.

Sec. 302. Initiation of investigations.

Sec. 303. Consultation upon initiation of investigation.
Sec. 304. Determinations by the Trade Representative.
Sec. 305. Implementation of actions.

Sec. 306. Monitoring of foreign compliance.

Sec. 307. Modification and termination of actions.

SEC. 121. STEPS TO BE TAKEN TOWARD GATT REVISION; AUTHORIZATION OF APPROPRIATIONS FOR GATT.

[(a) The President shall, as soon as practicable, take such action as may be necessary to bring trade agreements heretofore entered into, and the application thereof, into conformity with principles promoting the development of an open, nondiscriminatory, and fair world economic system. The action and principles referred to in the preceding sentence include, but are not limited to, the following

[(1) the revision of decisionmaking procedures in the General Agreement on Tariffs and Trade (hereinafter in this subsection referred to as "GATT") to more nearly reflect the balance of economic interests,

[(2) the revision of article XIX of the GATT into a truly international safeguard procedure which takes into account all forms of import restraints countries use in response to injurious competition or threat of such competition,

[(3) the extension of GATT articles to conditions of trade not presently covered in order to move toward more fair trade practices,

[(4) the adoption of international fair labor standards and of public petition and confrontation procedures in the GATT,

[(5) the revision of GATT articles with respect to the treatment of border adjustments for internal taxes to redress the disadvantage to countries relying primarily on direct rather than indirect taxes for revenue needs,

[(6) the revision of the balance-of-payments provision in the GATT articles so as to recognize import surcharges as the preferred means by which industrial countries may handle balance-of-payments deficits insofar as import restraint measures are required,

[(7) the improvement and strengthening of the provisions of GATT and other international agreements governing access to supplies of food, raw materials, and manufactured or semimanufactured products, including rules and procedures governing the imposition of export controls, the denial of fair and equitable access to such supplies, and effective consultative procedures on problems of supply shortages,

[(8) the extension of the provisions of GATT or other international agreements to authorize multilateral procedures by contracting parties with respect to member or nonmember countries which deny fair and equitable access to supplies of food, raw materials, and manufactured or semi-manufactured products, and thereby substantially injure the international community,