Page:United States Statutes at Large Volume 102 Part 2.djvu/217

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PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1221

(C) prohibition of purchases by the Federal Government of telecommunications products of such country; (D) increases in domestic preferences under title III of the Act of March 3, 1933 (41 U.S.C. 10a, et seq.) for purchases by the Federal Government of telecommunications products of such country; (E) suspension of any waiver of domestic preferences under title III of the Act of March 3, 1933 (41 U.S.C. 10a, et seq.) which may have been extended to such country pursuant to the Trade Agreements Act of 1979 with respect to telecommunications products or any other products; (F) issuance of orders to appropriate officers and employees of the Federal Government to deny Federal funds or Federal credits for purchases of the telecommunications products of such country; and (G) suspension, in whole or in part, of benefits accorded articles of such country under title V of the Trade Act of 1974 (19 U.S.C. 2461, et seq.). (2) Notwithstanding section 125 of the Trade Act of 1974 and any other provision of law, if any portion of a trade agreement described in paragraph (I)(A) is terminated, withdrawn, or suspended under paragraph (1) with respect to any duty imposed by the United States on the products of a foreign country, the rate of such duty that shall apply to such products entered, or withdrawn from warehouse for consumption, after the date on which such termination, withdrawal, or suspension takes effect shall be a rate determined by the President. (c) NEGOTIATING PERIOD.—

(1) For purposes of this section, the term "negotiating period" means— (A) with respect to a priority foreign country identified in the investigation conducted under section 1374(a), the 18month period beginning on the date of the enactment of this Act, and (B) with respect to any foreign country identified as a priority foreign country after the conclusion of such investigation, the 1-year period beginning on the date on which such identification is made. (2)(A) The negotiating period with respect to a priority foreign country may be extended for not more than two 1-year periods. (B) By no later than the date that is 15 days after the date on which the President extends the negotiating period with respect to any priority foreign country, the President shall submit to appropriate committees of the Congress a report on the status of negotiations with such country that includes— (i) a finding by the President that substantial progress is being made in negotiations with such country, and (ii) a statement detailing the reasons why an extension of such negotiating period is necessary. (d) MODIFICATION AND TERMINATION AUTHORITY.—The President

may modify or terminate any action taken under subsection (a) if, after taking into consideration the factors described in section 13740t)), the President determines that changed circumstances warrant such modification or termination. (e) REPORT.—The President shall promptly inform the appropriate committees of the Congress of any action taken under subsection (a)

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