19 U.S.C. § 3539: Fund for WTO dispute…

Summary

Creates a Treasury fund to pay settlements in World Trade Organization disputes. The U.S. Trade Representative can use the fund to pay these settlements, but only if Congress approves the money in appropriation bills. For settlements up to $10,000,000 the Trade Representative must tell the Secretary of the Treasury that the deal is in the United States’ best interest. For settlements over $10,000,000 the Trade Representative must tell Congress. Congress may authorize $50,000,000 for the fund and must credit back any amounts recovered from settlements. Rules in sections 9601 and 9602(b) of title 26 govern how the fund is managed, like other federal trust funds.

Title 19, §3539

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(a)Establishment of fund

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

(b)Authority of USTR to pay settlements

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)Appropriations

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.

Amounts appropriated to the fund are authorized to remain available until expended.

(d)Management of fund

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

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