S. 1386 — An original bill to amend the Trade Act of 1974 to extend the authorization for trade adjustment assistance.

Summary

Amends the Trade Act of 1974 to authorize appropriations: (1) to the Departments of Labor and of Commerce through FY 2001 for trade adjustment assistance (TAA) for workers and firms, respectively, that have been adversely affected by import competition; and (2) for TAA for training of such workers under the North Atlantic Free Trade Agreement (NAFTA) transitional program. Postpones termination of the TAA programs until the end of FY 2001.

Amends the Internal Revenue Code to impose a tax on any conjugate vaccine against streptococcus pneumoniae sold by its manufacturer, producer, or importer.

Increases from ten percent to 15 percent of a nonperiodic distribution the withholding rate for nonperiodic distributions from deferred compensation plans.

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Legislative Actions

1999-06-22
Committee on Finance ordered to be reported an original measure.
1999-07-16
Introduced in Senate
1999-07-16
Committee on Finance. Original measure reported to Senate by Senator Roth. Without written report.
1999-07-16
Committee on Finance. Original measure reported to Senate by Senator Roth. Without written report.
1999-07-16
Placed on Senate Legislative Calendar under General Orders. Calendar No. 211.
1999-07-22
By Senator Roth from Committee on Finance filed written report. Report No. 106-119.
1999-07-22
By Senator Roth from Committee on Finance filed written report. Report No. 106-119.

An original bill to amend the Trade Act of 1974 to extend the authorization for trade adjustment assistance.

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