Page:United States Statutes at Large Volume 108 Part 6.djvu/373

 '•;?>.' -AxH5i«^—• PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 4941 by reason of section 302(b)(2)" and inserting "an investigation initiated by reason of section 302(b)(2) (other than an investigation involving a trade agreement)", and (3) in paragraph (4), by striking "(other than the agreement on subsidies and countervailing measures described in section 2(c)(5) of the Trade Agreements Act of 1979)". (e) MONITORING OF FOREIGN COMPLIANCE. —Subsections (a) and (b) of section 306 of the Trade Act of 1974 (19 U.S.C. 2416) are amended to read as follows: "(a) IN GENERAL.— The Trade Representative shall monitor the implementation of each measure undertaken, or agreement that is entered into, by a foreign country to provide a satisfactory resolution of a matter subject to investigation under this chapter or subject to dispute settlement proceedings to enforce the rights of the United States under a trade agreement providing for such proceedings. "(b) FURTHER ACTION.— "(1) IN GENERAL.— I f, on the basis of the monitoring carried out under subsection (a), the Trade Representative considers that a foreign country is not satisfactorily implementing a measure or agreement referred to in subsection (a), the Trade Representative shall determine what further action the Trade Representative shall take under section 301(a). For purposes of section 301, any such determination shall be treated as a determination made under section 304(a)( 1).". "(2) WTO DISPUTE SETTLEMENT RECOMMENDATIONS.— If the measure or agreement referred to in subsection (a) concerns the implementation of a recommendation made pursuant to dispute settlement proceedings under the World Trade Organization, and the Trade Representative considers that the foreign country has failed to implement it, the Trade Representative shall make the determination in paragraph (1) no later tiaan 30 days after the expiration of the reasonable period of time provided for such implementation under paragraph 21'«of the Understanding on Rules and Procedures Governing the Settlement of Disputes that is referred to in section 101(d)(16) of the Uruguay Round Agreements Act". (f) EXTENSION OF SECTION 310 OF THE TRADE ACT OF 1974.— Section 310 of the Trade Act of 1974 (19 U.S.C. 2420) is amended to read as follows: "SEC. 310.roENTIFICATIONOF TRADE EXPANSION PRIORITIES. "(a) IDENTIFICATION. — "(1) Within 180 days after the submission in calendar year 1995 of the report required by section 181(b), the Trade Representative shall— "(A) review United States trade expansion priorities, "(B) identify priority foreign country practices, the elimination of which is likely to have the most significant potential to increase United States exports, either directiy or through the estabhshment of a beneficial precedent, and "(C) submit to the Committee on Finance of the Senate Reports. and the Committee on Ways and Means of the House S^^'^^ of Representatives and publish in the Federal Regfister publfcation. a report on the priority foreign country practices identified.

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