Sec. 4. Disclosure by President of income, assets, and liabilities associated with countries eligible for trade preference programs

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Before taking a covered action under a trade preference program with respect to a country or an article imported from a country, the President shall submit to Congress, in accordance with subsection (b), a report containing a full and complete statement of income earned, assets held, and liabilities owed by the President and associated with the country in the 12-month period preceding the submission of the report. The President shall submit the report required by subsection (a)— in the case of a covered action under title V of the Trade Act of 1974 ( 19 U.S.C. 2461 et seq.) with respect to which the President is required to submit a notification under section 502(f) of the Trade Act of 1974 ( 19 U.S.C. 2462(f) ) or a report under section 506A(a)(2) of that Act ( 19 U.S.C. 2466a(a)(2) ), at the time the President submits the notification or report; in the case of a covered action under the Caribbean Basin Economic Recovery Act ( 19 U.S.C. 2701 et seq.) with respect to which the President is required to submit a notification under paragraph

(1)or

(2)of section 212(a) of that Act ( 19 U.S.C. 2702(a) ) or a report under section 213(b)(2)(A)(v)(II)(cc) of that Act (19 U.S.C. 2703(b)(2)(A)(v)(II)(cc)), at the time the President submits the notification or report; or in the case of a covered action not covered by paragraph

(1)or (2), not later than 60 days before taking the action. In this section: The term covered action means— the designation of a country as eligible for preferential treatment under a trade preference program; the termination of such a designation; any determination with respect to the eligibility of an article for preferential treatment under a trade preference program; the withdrawal, suspension, or limitation of preferential treatment under a trade preference program with respect to a country or an article; or the exercise of the authority to waive the competitive need limitation with respect to an article under section 503(d) of the Trade Act of 1974 ( 19 U.S.C. 2463(d) ). The term trade preference program means— the Generalized System of Preferences under title V of the Trade Act of 1974 ( 19 U.S.C. 2461 et seq.); the African Growth and Opportunity Act ( 19 U.S.C. 3701 et seq.); the Caribbean Basin Economic Recovery Act ( 19 U.S.C. 2701 et seq.); or section 915 of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4454 ).

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