article: SECTION 1. SHORT TITLE. This Act may be cited as the ``Trade Promotion Authority Extension and Enhancement Act of 2007''. SEC. 2. EXTENSION OF TRADE PROMOTION AUTHORITY. Section 2103 of the Bipartisan Trade Promotion Authority Act of 2002 (19 U.S.C. 3803) is amended-- (1) in subsection (a)(1)(A)-- (A) in clause (i), by striking ``2005'' and inserting ``2011''; and (B) by amending clause (ii) to read as follows: ``(ii) July 1, 2016, and July 1 of each fifth calendar year thereafter, subject to subsection (c).''; (2) in subsection (b)(1)(C)-- (A) in clause (i), by striking ``2005'' and inserting ``2011''; and (B) by amending clause (ii) to read as follows: ``(ii) July 1, 2016, and July 1 of each fifth calendar year thereafter, subject to subsection (c).''; and (3) in subsection (c)-- (A) in paragraph (1)-- (i) in subparagraph (A), by striking ``2005'' and inserting ``2011''; and (ii) by amending subparagraph (B) to read as follows: ``(B) the trade authorities procedures shall be extended to implementing bills submitted with respect to trade agreements entered into under subsection (b) during the 5-year period beginning on July 1, 2011, and during each 5-year period thereafter, unless the Congress adopts an extension disapproval resolution under paragraph (5) after April 1, and before July 1, of the year in which any such 5-year period begins. If an extension disapproval resolution is adopted during the period specified in subparagraph (B), then trade authorities procedures shall not be extended with respect to trade agreements entered into during any 5-year period described in subsection (b) that begins on or after the date on which the resolution is adopted.''; (B) in paragraph (2)-- (i) by striking ``If the President'' and all that follows through ``extension,'' and inserting ``The President shall submit to the Congress, not later than April 1, 2011, and not later than April 1 of each fifth year thereafter, a written report with respect to the extension of trade authorities procedures during the 5-year period beginning on July 1 of the year in which the report is submitted,'' ; and (ii) by adding at the end the following flush sentence: ``No report under this paragraph is required after a disapproval resolution is adopted under paragraph (5).''; (C) by amending paragraph (3) to read as follows: ``(3) Other reports to congress.-- ``(A) Report by the advisory committee.--the Advisory Committee for Trade Policy and Negotiations established under section 135 of the trade Act of 1974 shall, not later than June 1, 2011, and not later than June 1 of each fifth year thereafter, a written report that contains-- ``(i) its views regarding the progress that has been made in negotiations to achieve the purposes, policies, priorities, and objectives of this title; and ``(ii) a statement of its views, and the reasons therefor, regarding whether the trade authorities procedures should be extended for the succeeding 5-year period under paragraph (1). ``(B) Report by itc.--The International Trade Commission shall submit to the Congress, not later than June 1, 2011, and not later than June 1 of each fifth year thereafter, a written report that contains a review and analysis of the economic impact on the United States of all trade agreements implemented on or after July 1 of the fifth preceding calendar year. ``(C) Termination of reporting requirement.--No report under subparagraph (A) or (B) is required after a disapproval resolution is adopted under paragraph (5).''; and (D) in paragraph (5)-- (i) by striking ``(5)'' and all that follows through the end of subparagraph (A) and inserting the following: ``(5) Extension disapproval resolutions.--(A) For purposes of paragraph (1), the term `extension disapproval resolution' means a concurrent resolution of Congress, the sole matter after the resolving clause of which is as follows: `That the Congress disapproves the extension of trade authorities procedures under the Bipartisan Trade Promotion Authority Act of 2002 to any implementing bill submitted with respect to any trade agreement entered into under section 2103(b) of that Act on or after July 1, ___.', with the blank space being filled with the year that begins the applicable 5-year period described in paragraph (1)(B).''; and (ii) in subparagraph (D)(iii), by striking ``after June 30, 2005'' and inserting ``during the period beginning on July 1 of a year that begins a 5-year period described in paragraph (1)(B) and ending on April 1 of the last year of that 5-year period''.
summary: Trade Promotion Authority Extension and Enhancement Act of 2007 - Amends the Bipartisan Trade Promotion Authority Act of 2002 to extend the President's authority until July 1, 2011 (or until July 1, 2016, and July 1 of each fifth year thereafter if the President extends such authority and the Congress approves) to enter into trade agreements with foreign countries whose tariff and nontariff policies unduly burden or restrict U.S. trade or adversely affects the U.S. economy. Extends trade authorities procedures (congressional approval) to bills implementing trade agreements entered into during the five-year period beginning on July 1, 2011, and during each five-year period thereafter, unless Congress disapproves after April 1, and before July 1, of the year in which any such five-year period begins.