§3539 — Title 19 Customs Duties | U.S. Code

Summary

Creates a Treasury fund to pay settlement amounts for United States disputes at the World Trade Organization. Money can be spent only if Congress approves it. For a settlement of $10,000,000 or less, the U.S. Trade Representative must tell the Treasury Secretary the settlement is in the country’s best interest. For more than $10,000,000, the Trade Representative must tell Congress. Up to $50,000,000 may be appropriated, plus amounts equal to sums the U.S. recovers from WTO settlements. Two tax-code rules (26 U.S.C. 9601 and 9602(b)) apply to the fund the same way they apply to similar trust funds.

Title 19, §3539

Customs Duties — Source: USLM XML via OLRC

(a)There is established in the Treasury a fund for the payment of settlements under this section.

(b)Amounts in the fund established under subsection (a) shall be available, as provided in appropriations Acts, only for the payment by the United States Trade Representative of the amount of the total or partial settlement of any dispute pursuant to proceedings under the auspices of the World Trade Organization, if—

(1)in the case of a total or partial settlement in an amount of not more than $10,000,000, the Trade Representative certifies to the Secretary of the Treasury that the settlement is in the best interests of the United States; and

(2)in the case of a total or partial settlement in an amount of more than $10,000,000, the Trade Representative certifies to the Congress that the settlement is in the best interests of the United States.

(c)There are authorized to be appropriated to the fund established under subsection (a)—

(1)$50,000,000; and

(2)amounts equivalent to amounts recovered by the United States pursuant to the settlement of disputes pursuant to proceedings under the auspices of the World Trade Organization.

(d)section 9601 and 9602(b) of title 26 shall apply to the fund established under subsection (a) to the same extent as such provisions apply to trust funds established under subchapter A of chapter 98 of such title.

Editorial Notes

Codification Section was enacted as part of the Trade Act of 2002, and not as part of the Uruguay Round Agreements Act which enacted this chapter.

§3539 Fund for WTO dispute settlements

Summary

Title 19, §3539

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata