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S. Rept. 116-283 1 (2020-10-21)

handle is hein.congrecreports/crptxadld0001 and id is 1 raw text is: AUTHENTICATED U.S. GOVERNMENT INFORMATION . 116TH CONGRESS REPORT 2d Session SENATE 116-283 UNITED STATES-MEXICO-CANADA AGREEMENT IMPLEMENTATION ACT OCTOBER 21 (legislative day, OCTOBER 19), 2020.-Ordered to be printed Mr. GRASSLEY, from the Committee on Finance, submitted the following R E P O R T together with ADDITIONAL VIEWS [To accompany H.R. 5430] [Including cost estimate of the Congressional Budget Office] The Committee on Finance, to which was referred the bill (H.R. 5430) to implement the Agreement between the United States of America, the United Mexican States, and Canada attached as an Annex to the Protocol Replacing the North American Free Trade Agreement, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. CONTENTS Page I. REPORT AND OTHER MATERIALS OF THE COMMITTEE ................. 2 A. Report of the Committee on Finance ............................................... 2 B. Summary of Congressional Consideration of the Agreement ........ 2 1. Background ................................................................................. 2 2. Trade promotion authority procedures in general .................. 4 3. Notification prior to negotiations .............................................. 5 4. Negotiations ............................................................................... 5 5. Conclusion of negotiations and signing of agreement ............ 6 6. Hearings ..................................................................................... 6 7. Development of the implementing legislation .......................... 6 8. Formal submission of the agreement and implementing leg- islation ................................................................................ ...... 8 9. Committee and floor consideration .......................................... 9 10. Implementation ........................................................................ 10 C. Trade Relations With Canada and Mexico ..................................... 11 D . Overview of the Agreem ent ............................................................. 13 1. Background ................................................................................. 13 19-010