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<PRE>[DOCID: f:s586is.txt]






107th CONGRESS
  1st Session
                                 S. 586

   To authorize negotiation for the accession of Chile to the North 
American Free Trade Agreement, to provide for fast track consideration, 
                        and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 21, 2001

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

_______________________________________________________________________

                                 A BILL


 
   To authorize negotiation for the accession of Chile to the North 
American Free Trade Agreement, to provide for fast track consideration, 
                        and for other purposes.

    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 ``Chile Fast Track Act of 2001''.

SEC. 2. ACCESSION OF CHILE TO THE NORTH AMERICAN FREE TRADE AGREEMENT.

    (a) In General.--Subject to section 3, the President is authorized 
to enter into an agreement described in subsection (b) and the 
provisions of section 151(c) of the Trade Act of 1974 (19 U.S.C. 
2191(c)) shall apply with respect to a bill to implement such agreement 
if such agreement is entered into on or before December 31, 2005.
    (b) Agreement Described.--An agreement described in this subsection 
means an agreement that--
            (1) provides for the accession of Chile to the North 
        American Free Trade Agreement; or
            (2) is a bilateral agreement between the United States and 
        Chile that provides for the reduction and ultimate elimination 
        of tariffs and other nontariff barriers to trade and the 
        eventual establishment of a free trade area between the United 
        States and Chile.

SEC. 3. INTRODUCTION AND FAST TRACK CONSIDERATION OF IMPLEMENTING BILL.

    (a) Introduction in House and Senate.--When the President submits 
to Congress a bill to implement a trade agreement described in section 
2, the bill shall be introduced (by request) in the House and the 
Senate as described in section 151(c) of the Trade Act of 1974 (19 
U.S.C. 2191(c)).
    (b) Permissible Content in Implementing Legislation.--A bill to 
implement a trade agreement described in section 2 shall contain 
provisions that are necessary to implement the trade agreement, and may 
include trade-related labor and environmental protection standards.
    (c) Applicability of Fast Track Procedures.--Section 151 of the 
Trade Act of 1974 (19 U.S.C. 2191) is amended--
            (1) in subsection (b)(1) by inserting ``section 3 of the 
        Chile Fast Track Act of 2001,'' after ``the Omnibus Trade and 
        Competitiveness Act of 1988,''; and
            (2) in subsection (c)(1), by inserting ``or under section 3 
        of the Chile Fast Track Act of 2001,'' after ``the Uruguay 
        Round Agreements Act,''.
                                 &lt;all&gt;

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