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Introduced in House (09/28/1996)

TABLE OF CONTENTS:

Title I: General Provisions

Title II: United States Trade Administration

Subtitle A: Establishment

Subtitle B: Officers

Subtitle C: Transfers to the USTA

Subtitle D: Administrative Provisions

Subtitle E: Related Agencies

Subtitle F: Conforming Amendments

Title III: Miscellaneous Provisions

Title IV: Miscellaneous

Trade Modernization Act of 1996 - Title I: General Provisions - Sets forth findings and definitions.

Title II: United States Trade Administration - Subtitle A: Establishment - Establishes the United States Trade Administration (USTA) as an independent establishment in the executive branch, headed by the United States Trade Representative (USTR), who shall: (1) have the rank and status of Ambassador; and (2) represent the United States in all trade negotiations conducted by the USTA.

Subtitle B: Officers - Establishes in the USTA: (1) a Deputy Administrator of USTA; (2) two Deputy USTRs (one for Negotiations, one to the World Trade Organization); (3) three Assistant Administrators (for Export Administration, Import Administration, and Trade and Policy Analysis); (4) a Director General for Export Promotion; (5) a General Counsel; (6) an Inspector General; and (7) a Chief Financial Officer.

Subtitle C: Transfers to the USTA - Transfers to USTA all functions of: (1) the Office of the USTR in the Executive Office of the President; and (2) the Secretary of Commerce, the Under Secretary of Commerce for International Trade and other specified officers of the Department of Commerce.

(Sec. 223) Transfers to the Director General for Export Promotion all functions of the Trade and Development Agency.

(Sec. 224) Transfers to the USTA all functions of the Secretary of Commerce relating to the Export-Import Bank of the United States.

(Sec. 225) Amends the Foreign Assistance Act of 1961 to make the USTR Chairman of the Board of Directors of the Overseas Private Investment Corporation, with the Director General for Export Promotion as an ex officio nonvoting member.

(Sec. 226) Directs the President to transmit to the Congress a comprehensive plan, with specified contents, to further consolidate Federal trade programs and export financing activities within the USTA.

(Sec. 227) Terminates authorizations of appropriations under the North American Free Trade Agreement (NAFTA) Implementation Act for: (1) the NAFTA Secretariat; and (2) the Border Environment Cooperation Commission.

Abolishes the Committee for the Implementation of Textile Agreements (CITA), and transfers: (1) to USTA certain CITA functions related to textile agreements; and (2) to the International Trade Commission those that relate to assessment of the impact of textile imports on domestic industry.

Subtitle D: Administrative Provisions - Provides for the administration of USTA. Authorizes the USTR to establish: (1) a working capital fund for USTA; and (2) USTA service charges.

Subtitle E: Related Agencies - Amends the National Security Act of 1947 to make the USTR a member of the National Security Council.

(Sec. 252) Amends the Bretton Woods Agreement Act to require the United States executive director of the International Monetary Fund to consult with the USTR on trade matters.

Subtitle F: Conforming Amendments - Makes conforming amendments to the Inspector General Act of 1978, the Trade Act of 1974, the Foreign Service Act of 1980, and specified Federal law relating to chief financial officers of Federal agencies.

Title III: Miscellaneous Provisions - Sets forth additional administrative authorities and requirements.

Title IV: Miscellaneous - Provides for effective dates, interim compensation and expenses, and interim appointments.

(Sec. 403) Authorizes appropriations.