Page:United States Statutes at Large Volume 102 Part 2.djvu/250

 102 STAT. 1254

PUBLIC LAW 100-418—AUG. 23, 1988

subparagraph (A) that are outstanding after such advance is paid to the Trust Fund does not exceed the lesser of^ "(i) the excess of~ "(I) the total amount of funds that the Secretary of the Treasury (in consultation with the Secretary of Labor and the Secretary of Commerce) estimates will be necessary for the payments and expenditures described in subparagraphs (A) and (B) of subsection (d)(1) for such fiscal year, over "(II) the total amount of funds that the Secretary of the Treasury estimates will be available in the Trust Fund during the fiscal year (determined without regard to any advances made under this subsection during such fiscal year), or "(ii) the excess of^ "(I) an amount equal to 0.15 percent of the total value of all articles upon which the Secretary of the Treasury estimates a duty will be imposed by section 287 during such fiscal year, over "(II) the amount described in clause (i)(II). "(2) Advances made to the Trust Fund from appropriations authorized under paragraph (I)(A) shall be repaid, and interest on such advances shall be paid, to the general fund of the Treeisury of the United States when the Secretary of the Treasury determines that sufficient funds are available in the Trust Fund for such purposes. "(3) Interest on advances made from appropriations authorized under paragraph (I)(A) shall be at a rate determined by the Secretary of the Treasury (as of the close of the calendar month preceding the month in which the advance is made) to be equal to the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the anticipated period during which the advance will be outstanding.". (b) CONFORMING AMENDMENT.—The table of contents for the Trade Act of 1974 is amended by inserting, after the item relating to section 285, the following new items: "Sec. 286. Trade Adjustment Trust Fund. "Sec. 287. Imposition of additional fee.". President of U.S.

19 USC 2397

note.

SEC. 1428. IMPOSITION OF SMALL UNIFORM FEE ON ALL IMPORTS. (a) NEGOTIATIONS.—

(1) The President shall— (A) undertake negotiations necessary to achieve changes in the General Agreement on Tariffs and Trade that would allow any country to impose a small uniform fee of not more than 0.15 percent on all imports to such country for the purpose of using the revenue from such fee to fund programs which directly assist adjustment to import competition, and (B) undertake negotiations with any foreign country that has entered into a free trade agreement with the united States under subtitle A or under section 102 of the Trade Act of 1974 to obtain the consent of such country to the imposition of such a fee by the United States. (2) In the report that is submitted under section 163 of the Trade Act of 1974 for 1989 and 1990, the President shall include a statement on the progress of negotiations conducted under paragraph (1).

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