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COMMITTEE ON FINANCE
HARRY FLOOD BYRD, Virginia, Chairman RUSSELL B. LONG, Louisiana
JOHN J. WILLIAMS, Delaware GEORGE A. SMATHERS, Florida
FRANK CARLSON, Kansas CLINTON P. ANDERSON, New Mexico WALLACE F. BENNETT, Utah PAUL H. DOUGLAS, Illinois
CARL T. CURTIS, Nebraska ALBERT GORE, Tennessee
THRUSTON B. MORTON, Kentucky HERMAN E. TALMADGE, Georgia
EVERETT MCKINLEY DIRKSEN, Illinois EUGENE J. MCCARTHY, Minnesota VANCE HARTKE, Indiana J. W. FULBRIGHT, Arkansas ABRAHAM A. RIBICOFF, Connecticut
ELIZABETH B. SPRINGER, Chief Clerk
Halfpenny, Harold T., counsel for the Automotive Service Industry As-
Nelson, Hon. Gaylord, U.S. Senator from the State of Wisconsin ---- 263
Trued, Merlyn N., Assistant Secretary of the Treasury ------
Automobile, Aerospace & Agricultural Implement Workers of America
Budd Co., The, telegram of R. J. Kalbfleisch, vice president, automotive
Committee for a National Trade Policy, Inc., Washington, D.C., state-
Wolverine Die Cast Corp., Detroit, Mich., telegram to the chairman..- 310
facturing subsidiaries of General Motors, Ford, and Chrysler, 1961-64.. 108
Profile of the North American automotive industry, prepared by the De-
The purpose of this hearing is to receive testimony from both the
the bill compiled by the staff.
[H.R. 9042, 89th Cong., 1st sess. ]
ments providing for the mutual reduction or elimination of duties applicable
TITLE II—BASIC AUTHORITIES
IMPLEMENTATION OF THE AGREEMENT
SEC. 201. (a) The President is authorized to proclaim the modifications of the Tariff Schedules of the United States provided for in title IV of this Act.
(b) At any time after the issuance of the proclamation authorized by subsection (a), the President is authorized to proclaim further morifications of the Tariff Schedules of the United States to provide for the duty-free treatment of any Canadian article which is original motor-vehicle equipment (as defined by such Schedules as modified pursuant to subsection (a)) if he determines that the importation of such article is actually or potentially of commercial significance and that such duty-free treatment is required to carry out the Agreement.
IMPLEMENTATION OF OTHER AGREEMENTS SEC. 202. (a) Whenever, after determining that such an agreement will afford mutual trade benefits, the President enters into an agreement with the government of a country providing for the mutual elimination of the duties applicable to products of their respective countries which are motor vehicles and fabricated components intended for use as original equipment in the manufacture of such vehicles, the President (in accordance with subsection (d)) is authorized to pro claim such modifications of the Tariff Schedules of the United States as he determines to be required to carry out such agreement.
(b) Whenever, after having entered into an agreement with the government of a country providing for the mutual elimination of the duties applicable to products described in subsection (a), the President, after determining that such further agreement will afford mutual trade benefits, enters into a further agreement with such government providing for the mutual reduction or elimination of the duties applicable to automotive products other than motor vehicles and fabricated components intended for use as original equipment in the manufacture of such vehicles, the President (in accordance with subsection (d)) is authorized to proclaim such modifications of the Tariff Schedules of the United States as he determines to be required to carry out such further agreement.
(c) Before the President enters into the negotiation of an agreement referred to in subsection (a) or (b), he shall
(1) seek the advice of the Tariff Commission as to the probable economic effect of the reduction or elimination of duties on industries producing articles like or directly competitive with those which may be covered by such agreement;
(2) give reasonable public notice of his intention to negotiate such agree ment (which notice shall be published in the Federal Register) in order that any interested person may have an opportunity to present his views to such agency as the President shall designate, under such rules and regulations as the President may prescribe; and
(3) seek information and advice with respect to such agreement from the Departments of Commerce, Labor, State, and the Treasury, and from
such other sources as he may deem appropriate. (d) (1) The President shall transmit to each House of the Congress a copy of each agreement referred to in subsection (a) or (b). The delivery to both Houses shall be on the same day and shall be made to each House while it is in session.
(2) The President is authorized to issue any proclamation to carry out any such agreement
(A) only after the expiration of the 60-day period following the date of delivery,
(B) only if, between the date of delivery and the expiration of such 60-day period, the Congress has not adopted a concurrent resolution stating in substance that the Senate and House of Representatives disapprove of the agreement, and
(C) in the case of any agreement referred to in subsection (b) with any country, only if there is in effect a proclamation implementing an agree ment with such country applicable to products described in subsection (a). (3) For purposes of paragraph (2), in the computation of the 60-day period there shall be excluded the days on which either House is not in session because
journment of more than 3 days to a day certain or an adjournment of
ress sine die.