H.R. 2325 (104th): Department of Trade Establishment Act

Introduced:
Sep 13, 1995 (104th Congress, 1995–1996)
Sponsor:
Rep. Toby Roth [R-WI8]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 13, 1995, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 13, 1995
Cosponsors
4 cosponsors (4R) (show)
Committees

House Armed Services

House Financial Services

House Foreign Affairs

House Oversight and Government Reform

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To establish a Department of Trade.

Summary

No summaries available.

Text

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Last updated Sep 13, 1995.
52 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/13/1995--Introduced.
TABLE OF CONTENTS:
Title I - General Provisions Title II: Department of Trade Subtitle A: Establishment Subtitle B: Transfers to the Department Subtitle C: Administrative Provisions Subtitle D: Related Agencies Subtitle E: Conforming Provisions Title III: Transitional, Savings, and Conforming Provisions Title IV: Miscellaneous Department of Trade Establishment Act- Title I: General Provisions
Sets forth definitions.
Title II - Department of Trade
Subtitle A - Establishment
Establishes the Department of Trade (Department), to be administered by a Secretary of Trade (Secretary) appointed by the President, by and with the advice and consent of the Senate.
Section 202 -
Directs the Secretary, among other things, to: (1) exercise primary responsibility for developing international trade policy, including the initiation of international trade negotiations; (2) establish a national export strategy; (3) enhance the ability of U.S. industry and services to compete in international markets; and (4) identify unfair foreign trade practices that are either inconsistent with any trade agreement with the United States or have an adverse impact on U.S. commerce.
Section 203 -
Establishes: (1) the Bureau of Export Promotion; (2) the Bureau of Trade Policy; and (3) the Bureau of Trade Administration.
Section 206 -
Establishes within the Department: (1) a Deputy Secretary of Trade; (2) three Under Secretaries of Trade; (3) six Assistant Secretaries of Trade; (4) a General Counsel; and (5) an Inspector General.
Subtitle B - Transfers to the Department
Transfers to the Secretary functions of the : (1) Secretary of Commerce; (2) Department of Commerce, including functions performed by certain of its officers and employees; (3) the United States Trade Representative (USTR); and (4) Director of the Trade and Development Agency.
Section 222 -
Amends the Export-Import Bank Act of 1945 to revise the membership of the Board of Directors of the Export-Import Bank of the United States. Amends the Omnibus Trade and Competitiveness Act of 1988 to require the Commercial Service to provide certain assistance with respect to the Bank's lending, loan guarantee, and insurance activities.
Section 223 -
Amends the Foreign Assistance Act of 1961 to revise the congressional purpose of the Overseas Private Investment Corporation (OPIC) to include to increase exports to less developed countries and countries in transition from nonmarket to market economies. Revises the membership of the Board of Directors of the OPIC.
Section 225 -
Directs the President to transmit to the Congress a comprehensive plan to consolidate Federal nonagricultural export promotion activities and transfer them to the Department.
Subtitle C - Administrative Provisions
Sets forth certain administrative provisions, including the establishment of a working capital fund.
Subtitle D - Related Agencies
Amends the Trade Expansion Act of 1962 and the National Security Act of 1947 to revise the composition of the Interagency Trade Organization and the National Security Council to include the Secretary.
Section 253 -
Amends the Bretton Woods Agreement Act to require the U.S. executive director of the International Monetary Fund to consult with the Secretary with respect to matters under consideration by the Fund which relate to trade.
Subtitle E - Conforming Provisions
Amends specified Federal laws to set forth conforming provisions.
Title III - Transitional, Savings, and Conforming Provisions
Sets forth transitional, savings, and conforming provisions.
Title IV - Miscellaneous
Sets forth effective dates.
Section 404 -
Authorizes appropriations.
Section 405 -
Limits annual expenditures for any function not terminated by this Act to 75 percent of FY 1995 expenditures for the performance of such function.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

Other Citations

  • 5 U.S.C. Chapter 81