Sec. 401. Findings; sense of Congress on applicability of trade authorities procedures to a bill implementing a trade and investment agreement with the European Union
268 words·~1 min read·
/bill/113/hr/3939/ih/section-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds the following: The United States and the European Union
(EU)maintain a very strong and beneficial commercial relationship. The United States-EU relationship supports a combined 13 million jobs, and nearly $4 trillion in investment. The economies of the United States and the EU each generate more than $16 trillion, which represents 45 percent of global gross domestic product, and over one-third of global trade and investment flows. The United States-EU single commercial relationship is the world’s largest and the EU remains the largest market for United States exports and the largest source of imports into the United States. Congress welcomes the work of the High Level Working Group report and the decision of President Obama to launch negotiations for a potential bilateral trade agreement. The Transatlantic Trade and Investment Partnership
(TTIP)represents a key strategic opportunity for the United States and the EU. The groundbreaking TTIP will deepen ties between the United States and the EU, increase exports, grow both economies, and support hundreds of thousands of jobs on both sides of the Atlantic Ocean. It is the sense of Congress that— the applicability of section 151 of the Trade Act of 1974 ( 19 U.S.C. 2191 ; relating to trade authorities procedures) to a bill implementing a trade and investment agreement with the European Union
(EU)resulting from negotiations with the EU, as notified to the United States Congress on March 20, 2013, should be determined without regard to any prenegotiation notification and consultation requirements that would otherwise be applicable; and the Administration should press for a quick conclusion of this comprehensive and ambitious agreement.
Connectionstraces to 1
Citation graph
cites case law
Sec. 401
Findings; sense of Congress on applicability of trade authorities procedures to a bill implementing a trade and investment agreement with the European Union
Cites 1Cited by 0 across 0 sources