CONTENTS

Introduction__

Structural changes in world economy.

Interrelationships: Trade, aid, investment, military-

Differing perceptions of United States and world economic structure_

General description of the House bill.

Title I. Negotiating and other authority..

A. Trade agreement authority (ch. 1).

1. Tariff authority (secs. 101 and 103).

Staging requirements..

2. Authority with respect to nontariff barriers (sec. 102)_

General authority---.

Conversion authority.

Consultation procedures-

Veto procedure..

3. Other authority (ch. 2 of title I).

GATT reform (sec. 121).

Balance-of-payments authority (sec. 122).

Authority to suspend import barriers to restrain

inflation (sec. 123).

Compensation authority (sec. 124)

Renegotiation authority (sec. 125).

Termination and withdrawal authority (sec. 126) -

Nondiscriminatory trade (sec. 127)---

Reservation of articles for national security

and other reasons (sec. 128)_

4. Hearings and advice concerning negotiations-Chapter

3 (secs. 131-135)_.

Tariff Commission advice__.

Executive Department advice.

Public hearings--

Prerequisite for officers..

Advisory committee (private sector advice)

5. Office of the Special Representative for Trade Nego-

tiations-Chapter 4 (sec. 141)_

6. Congressional veto procedure-Chapter 5 (secs.

151-152).

7. Congressional liaison and reports-Chapter 6 (secs.

161-163)--

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B. Adjustment assistance for workers (ch. 2 of title II) (secs.

221-250)

1. Determination by Secretary of Labor..

2. Secretary of Labor study on adjustment assistance in

relation to escape clause cases (sec. 224)---.

3. Subchapter B program benefits (secs. 231–238).

4. Subchapter C general provisions, cooperation with State

agencies, establishment of a trust fund..

Congressional advisers_

Transmission of agreements and reports..
Title II. Relief from injury caused by import competition..
A. Import relief (ch. I)_

1. Investigation by Tariff Commission (sec. 201)-
2. Presidential action after investigation (sec. 202)

3. Import relief (sec. 203) __

Title II. Relief from injury caused by import competition-Continued

C. Adjustment assistance for firms (ch. 3 of title II) (secs. Page
251-264)_

1. Determination by Secretary of Commerce.

2. Approvement of adjustment proposals (sec. 253)

3. Technical and financial assistance (secs. 253–255) -

Title III. Relief from unfair trade practices_.

A. Foreign import restrictions and export subsidies, chapter I of

title III (secs. 301-302)_

1. Retaliation authority...

2. Congressional veto procedure_

B. Antidumping duties, chapter 2 of title III (sec. 321).

1. Time limits and procedures.

2. Definitional changes...

C. Countervailing duties, chapter 3 of title III (sec. 331).

2. Hearings and judicial review_

Title IV. Trade relations with countries not enjoying nondiscrimina-

tory treatment (secs. 401-407) - - -

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2. Extention to nondutiable items.

4. Discretionary moritorium while negotiations are in

process..

5. Judicial review rights.

D. Unfair import practices, Chapter 4 of title III (sec. 341).-

1. Tariff Commission authority to exclude articles in patent

infringement cases..

1. Authority to extend nondiscriminatory treatment_

2. Freedom of emigration in East-West trade____

3. Market disruption (sec. 405)--.

4. Procedure for congressional disapproval of extension or

continuance of nondiscriminatory treatment.

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Title V. Generalized system of preference BF (secs. 501-505).

1. Beneficiary developing country (sec. 502) -

Comparison of tariff levels among major industrial countries: A review of the

problems of comparison and of recent data on tariff averages__

APPENDIX B

A summary of the principal trade barriers_

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APPENDIX C

The General Agreement on Tariffs and Trade (GATT)_.

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