Page:United States Statutes at Large Volume 108 Part 6.djvu/360

 108 STAT. 4928 PUBLIC LAW 103-465—DEC. 8, 1994 provide for an ongoing review of the operation of part IV of the Subsidies Agreement. (c) SUNSET OF NONCOUNTERVAILABLE SUBSIDIES PROVISIONS.— (1) IN GENERAL.— Subparagraphs (B), (C), (D), and (E) of section 771(5B) of the Tariff Act of 1930 shall cease to apply as provided in subparagraph (G)(i) of such section, unless, before the date referred to in such subparagraph (G)(i)— (A) the Subsidies Committee determines to extend Articles 6.1, 8, and 9 of the Subsidies Agreement as in effect on the date on which the Subsidies Agreement enters iuto force or in a modified form, in accordance with Article 31 of such Agreement, (B) the President consults with the Congress in accordance with paragraph (2), and (C) an implementing bill is submitted and enacted into law in accordance with paragraphs (3) and (4). President. (2) CONSULTATION WITH CONGRESS BEFORE SUBSIDIES COMMITTEE AGREES TO EXTEND. —Before a determination is made by the Subsidies Committee to extend Articles 6.1, 8, and 9 of the Subsidies Agreement, the President shall consult with the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate regarding such extension. (3) IMPLEMENTATION OF EXTENSION.— (A) NOTIFICATION AND SUBMISSION. —Any extension of subparagraphs (B), (C), (D), and (E) of section 771(5B) of the Tariff Act of 1930 shall take effect if (and only if)— (i) after the Subsidies Committee determines to extend Articles 6.1, 8, and 9 of the Subsidies Agreement, the President submits to the committees referred to in paragraph (2) a copy of the document describing the terms of such extension, together with— (I) a draft of an implementing blil, (II) a statement of any administrative action proposed to implement the extension, and (III) the supporting information described in subparagraph (C); and (ii) the implementing bill is enacted into law. (B) IMPLEMENTING BILL. —The implementing bill referred to in subparagraph (A) shall contain only those provisions that are necessary or appropriate to implement an extension of the provisions of section 771(5B)(B), (C), (D), and (E) of the Tariff Act of 1930 as in effect on the day before the date of the enactment of the implementing bill or as modified to reflect the determination of the Subsidies Committee to extend Articles 6.1, 8, and 9 of the Subsidies Agreement (C) SUPPORTING INFORMATION. — The supporting information required under subparagraph (A)(i)(III) consists of— (i) an explanation as to how the implementing bill and proposed administrative action will change or affect existing law; and (ii) a statement regarding— (I) how the extension serves the interests of United States conmierce, and

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