Page:United States Statutes at Large Volume 114 Part 1.djvu/918

 114 STAT. 882 PUBLIC LAW 106-286—OCT. 10, 2000 provided for in subsection (a)(1) and pursuant to the provisions of section 122 of the Uruguay Round Agreements Act (19 U.S.C. 3532), the President shall transmit a report to Congress certifying that the terms and conditions for the accession of the People's Republic of China to the World Trade Organization are at least equivalent to those agreed between the United States and the People's Republic of China on November 15, 1999. 19 USC 2431 SEC. 102. EFFECTIVE DATE. (a) EFFECTIVE DATE OF NONDISCRIMINATORY TREATMENT.— The extension of nondiscriminatory treatment pursuant to section 101(a) shall be effective no earlier than the effective date of the accession of the People's Republic of China to the World Trade Organization. (b) TERMINATION OF APPLICABILITY OF TITLE IV.—On and after the effective date under subsection (a) of the extension of nondiscriminatory treatment to the products of the People's Republic of China, chapter 1 of title IV of the Trade Act of 1974 (as designated by section 103(a)(2) of this Act) shall cease to apply to that country. SEC. 103. RELIEF FROM MARKET DISRUPTION. (a) IN GENERAL. — Title IV of the Trade Act of 1974 (19 U.S.C. 2431 et seq.) is amended— (1) in the title heading, by striking "CURRENTLY"; (2) by inserting before section 401 the following: "CHAPTER 1—TRADE RELATIONS WITH CERTAIN COUNTRIES"; and (3) by adding at the end the following new chapter: "CHAPTER 2—RELIEF FROM MARKET DISRUP- TION TO INDUSTRIES AND DIVERSION OF TRADE TO THE UNITED STATES MARKET 19 USC 2451. "SEC. 421. ACTION TO ADDRESS MARKET DISRUPTION. "(a) PRESIDENTIAL ACTION. —If a product of the People's Republic of China is being imported into the United States in such increased quantities or under such conditions as to cause or threaten to cause market disruption to the domestic producers of a like or directly competitive product, the President shall, in accordance with the provisions of this section, proclaim increased duties or other import restrictions with respect to such product, to the extent and for such period as the President considers necessary to prevent or remedy the market disruption. "(b) INITL^TION OF AN INVESTIGATION.- —(1) Upon the filing of a petition by an entity described in section 202(a) of the Trade Act of 1974 (19 U.S.C. 2252(a)), upon the request of the President or the United States Trade Representative (in this subtitle referred to as the Trade Representative'), upon resolution of either the Committee on Ways and Means of the House of Representatives, or the Committee on Finance of the Senate (in this subtitle referred to as the 'Committees') or on its own motion, the United States International Trade Commission (in this subtitle referred to as the 'Commission') shall promptly make an investigation to determine whether products of the People's Republic of China are being imported into the United States in such increased quantities or

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