Page:United States Statutes at Large Volume 107 Part 1.djvu/265

 PUBLIC LAW 103-49—JULY 2, 1993 107 STAT. 239 Public Law 103-49 103d Congress An Act To provide authority for the President to enter into trade agreements to conclude the Uruguay Round of multilateral trade negotiations under the auspices of j i n IQQQ the General Agreement on Tariffs and Trade, to extend tariff" proclamation author- — ' - ity to carry out such agreements, and to apply congressional "fast track" procedures [H.R. 1876] to a bill implementing such agreements. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION. 1. EXTENSION OF URUGUAY ROUND TRADE AGREEMENT NEGOTIATING AND PROCLAMATION AUTHORITY AND OF "FAST TRACK" PROCEDURES TO IMPLEMENTING LEGISLATION. Section 1102 of the Omnibus Trade and Competitiveness Act of 1988 (19 U.S.C. 2902) is amended by inserting at the end the following new subsection: "(e) SPECIAL PROVISIONS REGARDING URUGUAY ROUND TRADE NEGOTIATIONS.— "(1) IN GENERAL.— Notwithstanding the time limitations in subsections (a) and (b), if the Uruguay Round of multilateral trade negotiations under the auspices of the General Agreement on Tariffs and Trade has not resulted in trade agreements by May 31, 1993, the President may, during the period after May 31, 1993, and before April 16, 1994, enter into, under subsections (a) and (b), trade agreements resulting from such negotiations. "(2) APPLICATION OF TARIFF PROCLAMATION AUTHORITY. — No proclamation under subsection (a) to carry out the provisions regarding tariff barriers of a trade agreement that is entered into pursuant to paragraph (1) may take effect before the effective date of a bill that implements the provisions regarding nontariff barriers of a trade agreement that is entered into under such paragraph. "(3) APPLICATION OF IMPLEMENTING AND 'FAST TRACK* PROCEDURES.— Section 1103 applies to any trade agreement negotiated under subsection (b) pursuant to paragraph (1), except that— "(A) in applying subsection (a)(l)(A) of section 1103 to any such agreement, the phrase 'at least 120 calendar days before the day on which he enters into the trade agreement (but not later than December 15, 1993),' shall be substituted for the phrase 'at least 90 calendar days before the day on which he enters into the trade agreement,*; and

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