Trade Reorganization Act of 1989

Summary

Trade Reorganization Act of 1989 - Establishes the Department of Trade, to be administered by a Secretary of Trade appointed by the President. Directs the Secretary, among other things, to: (1) coordinate U.S. policies for promoting beneficial international trade relationships; (2) negotiate U.S. international trade agreements; (3) protect American industry, agriculture, and labor from unfair or injurious foreign competition; (4) develop trade monitoring systems; (5) develop and implement U.S. policies concerning foreign investments; and (6) administer export controls. Transfers to the Secretary all functions of the: (1) U.S. Trade Representative; and (2) Secretary of Commerce which relate to international trade and investment and to specified agencies and offices of the Department of Commerce. Transfers to the Department of Trade the Export-Import Bank of the United States. Amends the Trade Expansion Act of 1962 to establish a Trade Policy Committee, to assist the President in carrying out the functions relating to trade agreements and import relief (replaces an interagency trade organization). Establishes a Trade Negotiating Subcommittee to advise the Secretary on management of international trade and investment. Designates the Secretary of Trade as the President's chief spokesman on trade and requires the Secretary to report directly to the President on all trade policy matters. Directs the Secretary to submit a report annually to the President for submission to the Congress on the Department's activities. Terminates: (1) the Office of the U.S. Trade Representative; (2) the International Trade Administration; (3) the Bureau of Industrial Economics; (4) the Bureau of Economic Analysis; (5) the U.S. Travel and Tourism Administration; and (6) the National Telecommunications and Information Administration. Designates the Secretary as the chief representative of the United States for trade negotiation. Requires the Secretary to: (1) report directly to the President and the Congress and to be responsible to both for the administration of trade agreements under this Act and other specified Acts; (2) advise the President and the Congress on matters related to trade agreement programs; and (3) be responsible for specified reports to the Congress and for such other functions as the President may direct.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 February 1989

  Open at official source

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