S. 776

119 S776 IS: Undertaking Negotiations on Investment and Trade for Economic Dynamism Act
 U.S. Senate
 2025-02-27
 text/xml
 EN
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 II  119th CONGRESS  1st Session  S. 776  IN THE SENATE OF THE UNITED STATES   February 27, 2025   Mr. Coons  (for himself and  Mr. Moran ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes.
1.
Short title
This Act may be cited as the   Undertaking Negotiations on Investment and Trade for Economic Dynamism Act   or the   UNITED Act  .
2.
Sense of Congress
It is the sense of Congress that—
(1)
the United States should pursue more open trade and investment relationships with its allies to strengthen the economy of the United States, improve the standard of living of the people of the United States, and advance the strategic interests of the United States;
(2)
agreements to reduce or eliminate barriers to trade and investment between the United States and its allies will foster mutually beneficial economic relationships that advance the economic interests of workers, farmers, ranchers, and businesses of all sizes in the United States;
(3)
the shared values and long history of the  special relationship  between the United States and the United Kingdom present a unique opportunity to deepen the mutually beneficial economic and strategic relationship between those countries and further expand prosperity for the citizens of those countries;
(4)
a high-standard, comprehensive trade agreement between the United States and the United Kingdom would help strengthen that relationship, improve the economic prospects of people in both countries, increase the resilience of critical supply chains, and create export opportunities for businesses of all sizes;
(5)
the efforts of the United States-United Kingdom Trade and Investment Working Group and the bilateral negotiations initiated by President Donald J. Trump have laid groundwork toward a comprehensive trade agreement;
(6)
the United States-United Kingdom Dialogue on the Future of Atlantic Trade, initiated by President Joseph R. Biden, along with the signing of the document entitled  Atlantic Declaration: A Framework for a Twenty-First Century U.S.-U.K. Economic Partnership , continued efforts to improve economic cooperation between the United States and United Kingdom;
(7)
the robust labor and environmental protections in the United Kingdom reduce the risk of regulatory arbitrage that undercuts workers and businesses in the United States;
(8)
Congress passed the USMCA with overwhelming bipartisan support, setting high standards in North America with respect to labor rights, the environment, intellectual property, non-market practices, and services, and those standards should inform future negotiations;
(9)
trade agreements with foreign trading partners that share the values and ambition of the United States offer an opportunity to build on the USMCA and set high international standards across many important policy areas;
(10)
any trade negotiations between the United States and the United Kingdom must honor the agreement between the Government of Ireland and the Government of the United Kingdom signed on April 10, 1998 (commonly known as the  Good Friday Agreement ), and any trade agreement between those countries must advance peace, stability, and prosperity in Ireland and Northern Ireland;
(11)
the United Kingdom, like many key trading partners of the United States, is actively negotiating for expanded access to foreign markets, and the United States must likewise seek to advance its access to foreign markets to ensure that businesses, consumers, farmers, ranchers, and workers in the United States are not left behind; and
(12)
to effectively pursue comprehensive trade negotiations with the United Kingdom for purposes of a trade agreement between the United States and the United Kingdom, Congress must grant new negotiating authority to the President, which should—
(A)
enable the swift negotiation and passage through Congress of such an agreement; and
(B)
be narrowly tailored to provide clear direction to the executive branch of the United States Government.
3.
Definitions
In this Act:
(1)
USMCA
The term  USMCA  means the Agreement between the United States of America, the United Mexican States, and Canada, which is—
(A)
attached as an Annex to the Protocol Replacing the North American Free Trade Agreement with the Agreement between the United States of America, the United Mexican States, and Canada, done at Buenos Aires on November 30, 2018, as amended by the Protocol of Amendment to the Agreement Between the United States of America, the United Mexican States, and Canada, done at Mexico City on December 10, 2019; and
(B)
approved by Congress under section 101(a)(1) of the United States–Mexico–Canada Agreement Implementation Act ( 19 U.S.C. 4511(a) ).
(2)
United Kingdom
The term  United Kingdom  means the United Kingdom of Great Britain and Northern Ireland.
4.
Negotiating and trade agreements authority for comprehensive agreement with the United Kingdom
(a)
Initiation of negotiations
Not later than 180 days after the date of the enactment of this Act, in order to enhance the economic well-being of the United States, the President shall seek to initiate negotiations with the United Kingdom regarding tariff and nontariff barriers affecting any industry, product, or service sector.
(b)
Authority for comprehensive trade agreement with the United Kingdom
(1)
In general
To strengthen the economic competitiveness of the United States, the President may enter into a comprehensive trade agreement with the United Kingdom regarding tariff and nontariff barriers affecting trade between the United States and United Kingdom.
(2)
Termination of authority
The authority under paragraph (1) terminates on March 1, 2029.
(c)
Modifications permitted
(1)
In general
Subject to paragraph (2), the President may proclaim such modification or continuance of any existing duty, continuance of existing duty-free or excise treatment, or such additional duties as the President determines to be required or appropriate to carry out an agreement entered into under subsection (b).
(2)
Limitations
(A)
Modifications or additions to agreement
Substantial modifications to, or substantial additional provisions of, an agreement entered into after March 1, 2029, are not covered by the authority under paragraph (1).
(B)
Amount of duty modification
No proclamation may be made under paragraph (1) that—
(i)
reduces any rate of duty (other than a rate of duty that does not exceed 5 percent ad valorem on the date of the enactment of this Act) to a rate of duty that is less than 50 percent of the rate of such duty that applies on such date of enactment;
(ii)
reduces the rate of duty below that applicable under the Uruguay Round Agreements (as defined in section 2(7) of the Uruguay Round Agreements Act ( 19 U.S.C. 3501 )) or a successor agreement, on any import sensitive agricultural product; or
(iii)
increases any rate of duty above the rate that applied on the date of the enactment of this Act.
(d)
Consultation with and notification to Congress
To ensure the alignment of the trade policy priorities of Congress with the content of any agreement under this section, the President shall consult with Congress before and throughout negotiations initiated under subsection (a) and shall notify Congress of the intention of the President to enter into an agreement under subsection (b) or to make a proclamation under subsection (c).
(e)
Bills qualifying for trade authorities procedures
(1)
Implementing bills
(A)
In general
The provisions of section 151 of the Trade Act of 1974 ( 19 U.S.C. 2191 ) apply to a bill of either House of Congress that contains provisions described in subparagraph (B) to the same extent as such section 151 applies to implementing bills under that section. A bill to which this paragraph applies shall hereafter in this section be referred to as an  implementing bill .
(B)
Provisions specified
The provisions described in this subparagraph are—
(i)
a provision approving a trade agreement entered into under this section and approving the statement of administrative action, if any, proposed to implement such trade agreement; and
(ii)
if changes in existing laws or new statutory authority are required to implement such trade agreement, only such provisions as are strictly necessary or appropriate to implement such trade agreement, either repealing or amending existing laws or providing new statutory authority.
(2)
Deadline for submission of bill
The procedures under paragraph (1) apply to implementing bills submitted with respect to a trade agreement entered into under this section before March 1, 2029.
(f)
Limitation on waiver, suspension, or termination
An agreement entered into under this section shall not be waived, suspended, or terminated, in whole or in part, with respect to the United States without the express approval by Congress of such termination.
(g)
Relationship to Bipartisan Congressional Trade Priorities and Accountability Act of 2015
An agreement under this section shall not enter into force with respect to the United States and an implementing bill shall not qualify for trade authorities procedures under subsection (e), including an agreement that does not require changes to United States law or an implementing bill in connection therewith, unless the following requirements under the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 ( 19 U.S.C. 4201 et seq. ) are carried out with respect to that agreement or implementing bill to the same extent as would be required of an agreement entered into under section 103(b) of that Act ( 19 U.S.C. 4202(b) ), notwithstanding the expiration of authority to enter into an agreement under such section 103(b):
(1)
The trade negotiating objectives under section 102 of that Act ( 19 U.S.C. 4201 ).
(2)
The congressional oversight and consultation requirements under section 104 of that Act ( 19 U.S.C. 4203 ).
(3)
The notification, consultation, and reporting requirements under section 105 of that Act ( 19 U.S.C. 4204 ).
(4)
The implementation procedures under section 106 of that Act ( 19 U.S.C. 4205 ).
(5)
The provisions related to sovereignty under section 108 of that Act ( 19 U.S.C. 4207 ).