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H. Rept. 118-116 1 (2023-06-21)

handle is hein.congrecreports/crptxafkz0001 and id is 1 raw text is: AUTHENTICATED U.GOVERNMENT INFORMATION . 118TH CONGRESS REPORT 1st Session HOUSE OF REPRESENTATIVES 118-116 UNITED STATES-TAIWAN INITIATIVE ON 21ST-CENTURY TRADE FIRST AGREEMENT IMPLEMENTATION ACT JUNE 21, 2023.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. SMITH of Missouri, from the Committee on Ways and Means, submitted the following R E P O R T [To accompany H.R. 4004] The Committee on Ways and Means, to whom was referred the bill (H.R. 4004) to approve and implement the Agreement between the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States regarding Trade between the United States of America and Taiwan, and for other purposes, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ................................................................. 5 A. Purpose and Summary ......................................................................... 5 B. Background and Need for Legislation ................................................ 5 C. Legislative History ............................................................................... 6 D. Committee Hearings ........................................................................... 6 E. Committee Action ................................................................................. 6 II. EXPLANATION OF THE BILL ...................................................................... 6 III. VOTE OF THE COMMITTEE ........................................................................ 10 IV. BUDGET EFFECTS OF THE BILL .............................................................. 10 A. Committee Estimate of Budgetary Effects ......................................... 10 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority ...................................................................... 10 C. Cost Estimate Prepared by the Congressional Budget Office ........... 11 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE HOUSE ......................................................................................................... 11 A. Committee Oversight Findings and Recommendations .................... 11 B. Statement of General Performance Goals and Objectives ................ 11 C. Information Relating to Unfunded Mandates .................................... 11 D. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Benefits ............................................................................................... 11 E. Duplication of Federal Programs ........................................................ 11 39-006