Sec. 5. Graduation of beneficiary sub-Saharan African countries
280 words·~1 min read·
/bill/118/s/4110/is/section-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 506A of the Trade Act of 1974 ( 19 U.S.C. 2466a ) is amended by inserting after subsection
(b)the following: Except as provided by paragraph (2), if the President determines that a beneficiary sub-Saharan African country has been classified, under the official statistics of the International Bank for Reconstruction and Development, as a high income country for a period of 5 consecutive years, the President shall terminate the designation of the country as a beneficiary sub-Saharan African country for purposes of this section and as a beneficiary developing country for purposes of this title, effective on January 1 of the second year following the year in which that determination is made. After a country has been designated as high income for a period of 5 consecutive years as described in paragraph (1), the President may elect to maintain the designation of the country as a beneficiary sub-Saharan African country for purposes of this section and as a beneficiary developing country for purposes of this title for not more than an additional 5 years to allow for the negotiation of a free trade agreement with that country, in accordance with the policy described in section 116(a) of the African Growth and Opportunity Act ( 19 U.S.C. 3723(a) ). . Title V of the Trade Act of 1974 ( 19 U.S.C. 2461 et seq. ) is amended— in section 502(e), by striking If the President and inserting Except as provided by section 506A(c), if the President ; and in section 506A(a)(1)(B)— by striking subsections (a), (d), and
(e)and inserting subsections
(a)and
(d); and by inserting (other than subsection
(e)of that section) after in section 502 .
Connectionstraces to 3
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources