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<PRE>[DOCID: f:s136is.txt]






107th CONGRESS
  1st Session
                                 S. 136

 To amend the Omnibus Trade and Competitiveness Act of 1988 to extend 
     trade negotiating and trade agreement implementing authority.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 22, 2001

   Mr. Gramm introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Omnibus Trade and Competitiveness Act of 1988 to extend 
     trade negotiating and trade agreement implementing authority.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fast Track Trade Negotiating 
Authority Act''.

SEC. 2. AMENDMENTS TO TRADE NEGOTIATING AUTHORITY.

    (a) Extension.--Section 1102 (a)(1)(A), (b)(1), and (c)(1) of the 
Omnibus Trade and Competitiveness Act of 1988 (19 U.S.C. 2902 
(a)(1)(A), (b)(1), and (c)(1)) are amended by striking ``June 1, 1993'' 
each place it appears and inserting ``December 31, 2004''.
    (b) Conforming Amendment.--
            (1) Section 1102 (a)(1) and (b)(1) of such Act are amended 
        by striking ``purposes, policies, and objectives of this 
        title'' each place it appears and inserting ``policies and 
        objectives of the United States''.
            (2) Section 1102(a)(2)(A) of such Act is amended by 
        striking ``August 23, 1988'' each place it appears and 
        inserting ``January 22, 2001''.
            (3) Subsections (b)(2) and (c)(3)(A) of section 1102 of 
        such Act are amended by striking ``applicable objectives 
        described in section 1101 of this title'' each place it appears 
        and inserting ``policies and objectives of the United States''.
            (4) Subsection (d)(2)(B) of section 1102 of such Act is 
        amended by striking ``applicable purposes, policies, and 
        objectives of this title'' and inserting ``policies and 
        objectives of the United States''.
            (5) Section 1103(b)(1)(A) of such Act is amended by 
        striking ``June 1, 1991'' and inserting ``December 31, 2004''.
            (6) Subsection (a)(2)(B)(i) of section 1103 of such Act is 
        amended by striking ``applicable purposes, policies, and 
        objectives of this title'' and inserting ``policies and 
        objectives of the United States''.
                                 &lt;all&gt;

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