Advanced search Help
Searching for terms: EXACT: "CRS Report for Congress, R41544" in: series
Clear all search criteria
Only 2/3! You are seeing results from the Public Collection, not the complete Full Collection. Sign in to search everything (see eligibility).
-
Trade Promotion Authority and the U.S.-South Korea Free Trade Agreement [March 2, 2011]
"On June 30, 2007, U.S. and South Korean officials signed the Korea Free Trade Agreement (KORUS FTA) for their respective countries. It is one of three free trade agreements currently awaiting submission to Congress for approval and implementing legislation. In June 2010, the Obama Administration announced plans to seek Congress's approval for the KORUS FTA after first engaging in talks with South Korea over U.S. concerns with the agreement as signed, particularly over its provisions involving market access for U.S. autos. The results of these talks are memorialized in three February 10, 2011, documents, which have been collectively referred to as the 'supplemental agreement' or 'supplementary deal' to the 2007 KORUS FTA. The Executive, in consultation with Congress, is expected to draft legislation approving and implementing the KORUS FTA and submit the resulting 'implementing bill' to Congress during the first session of the 112th Congress. This legislation will be entitled to consideration in Congress under expedited ('fast track') legislative procedures if it satisfies the requirements of the Bipartisan Trade Promotion Authority Act of 2002 (Trade Act of 2002). In particular, the implementing bill must: (1) approve the agreement 'entered into' in 2007; and (2) include provisions enacting, amending, or repealing existing U.S. laws only to the extent that the provisions are 'necessary or appropriate' for the implementation of the agreement 'entered into' in 2007. Each chamber of Congress, acting independently of the other, has the authority to determine for itself whether the KORUS FTA implementing bill conforms with these requirements. To the extent either the House or the Senate finds that the bill satisfies the terms of the Trade Act of 2002, the bill will be entitled to receive an up-or-down vote without amendment and with limited debate in that chamber."
Library of Congress. Congressional Research Service
Barbour, Emily C.
2011-03-02
-
Trade Promotion Authority and the Korea Free Trade Agreement [December 22, 2010]
"On June 30, 2007, U.S. and South Korean officials signed the Korea Free Trade Agreement (Korea FTA or KORUS FTA) for their respective countries. It is one of three free trade agreements currently awaiting submission to Congress for approval and implementing legislation. In June 2010, the Obama Administration announced plans to seek Congress's approval for the Korea FTA after first engaging in talks with South Korea over U.S. concerns with the agreement as signed, particularly over its provisions involving market access for U.S. autos. These talks were concluded on December 3, 2010 with a text that has been referred to as a 'supplemental agreement' or 'supplementary deal' to the 2007 Korea FTA. The Executive, in consultation with Congress, is expected to draft legislation approving and implementing the Korea FTA and submit the resulting 'implementing bill' to Congress during the first session of the 112th Congress. This legislation will be entitled to consideration in Congress under expedited ('fast track') legislative procedures if it satisfies the requirements of the Bipartisan Trade Promotion Authority Act of 2002 (Trade Act of 2002). [...] It is difficult to predict with certainty how the 2010 changes and the late date at which they were concluded might affect Congress's decision to consider the Korea FTA implementing bill under the fast track procedures. However, the effect of side agreements on the fast track eligibility of the implementing legislation for the North American Free Trade Agreement (NAFTA) may be instructive. [...] If the Korea FTA implementing bill is deemed ineligible for--or otherwise denied--fast track consideration, the bill, in its entirety, may be considered under the regular procedures of each chamber. Under these procedures, the bill, like other pieces of legislation, might not be brought up for a vote or might be passed with amendments. The Jordan Free Trade Agreement was statutorily implemented under regular procedures."
Library of Congress. Congressional Research Service
Barbour, Emily C.
2010-12-22
1
