Page:United States Statutes at Large Volume 112 Part 4.djvu/576

 112 STAT. 2681-547 PUBLIC LAW 105-277—OCT. 21, 1998 expended to pay such claims or for such repairs shall be utilized for the revolving loan pool described in such luidesignated paragraph. SEC. 125. Of the amounts estrmarked in the Joint Explanatory Statement of the Committee of Conference accompan3ring H.R. 4194 for grants targeted for economic investments, $2,000,000 made available to the Hawaii Housing Authority for work associated with the construction of the Community Resource Center at Kuhio Homes/Kuhio Park Terrace in Honolulu, Hawaii shall instead be made available to the Housing and Community Development Corporation of Hawaii for the same purpose. SEC. 126. If the President makes the appointment to the position of Under Secretary for Health of the Department of Veterans Affairs authorized by section 907 of the Veterans Programs Enhancement Act of 1998, the individual appointed shall receive the pay and allowances authorized for that position as if the appointment had been made on September 29, 1998, except that the amount of such pay and allowances that is attributable to the period beginning on September 29, 1998, and ending on the day before the date of that appointment shall be reduced by any amount paid that individual by the United States for personal services performed during that period. Trade Deficit SEC. 127. TRADE DEFICIT REVIEW COMMISSION, (a) SHORT Review TITLE.—T his section may be cited as the "Trade Deficit Review 19 USC 2213 Commission Act". note. (b) FINDINGS.—Congress makes the following findings: (1) The United States continues to run substantial merchandise trade and current account deficits. (2) Economic forecasts anticipate continued growth in such deficits in the next few years. (3) The positive net international asset position that the United States built up over many years was eliminated in the 1980s. The United States today has become the world's largest debtor nation. (4) The United States merchandise trade deficit is characterized by large bilateral trade imbalances with a handful of countries. (5) The United States has one of the most open borders and economies in the world. The United States faces significant tariff and nontariff trade barriers with its trading partners. The United States does not benefit from fully reciprocal market access. (6) The United States is once again at a critical juncture in trade policy development. The nature of the United States trade deficit and its causes and consequences must be analyzed and documented. (c) ESTABLISHMENT OF COMMISSION.— (1) ESTABLISHMENT. —There is established a commission to be known as the Trade Deficit Review Commission (hereeifter in this section referred to as the "Commission"). (2) PURPOSE. — The purpose of the Commission is to study the nature, causes, and consequences of the United States merchandise trade guid current account deficits. (3) MEMBERSHIP OF COMMISSION. — (A) COMPOSITION. — The Commission shall be composed of 12 members as follows:

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