19 U.S.C. § 3539 — Fund for WTO dispute settlements
submitted 24 years ago by Pub. L. 107-210 to r/title-19-CUSTOMS-DUTIES · 252 words · no verdicts yet
This section creates a Treasury fund for WTO dispute settlements. The Trade Representative may use it for approved settlements, and the section authorizes specified deposits and continued availability.
(a) Establishment. A Treasury fund is established to pay settlements under this section.
(b) Authority to pay settlements. Subject to appropriations Acts, money in the Fund may be used only for the Trade Representative to pay all or part of a settlement of a WTO dispute if: (1) for a settlement of $10,000,000 or less, the Trade Representative certifies to the Treasury Secretary that it is in the United States’ best interests; or (2) for a settlement over $10,000,000, the Trade Representative certifies to Congress that it is in the United States’ best interests.
(c) Appropriations. Congress may appropriate $50,000,000 to the Fund and amounts equal to amounts the United States recovers through WTO dispute settlements. Appropriated money remains available until spent.
(d) Management. Sections 9601 and 9602(b) of title 26 apply to this Fund to the same extent they apply to trust funds established under subchapter A of chapter 98 of title 26.
There is established in the Treasury a fund for the payment of settlements under this section.
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—
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
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.
There are authorized to be appropriated to the fund established under subsection (a)—
$50,000,000; and
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.
Sections 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.
Source credit: (Pub. L. 107–210, div. E, title L, § 5201, Aug. 6, 2002, 116 Stat. 1047.)
- 2002Enacted · Pub. L. 107-210 · 116 Stat. 1047
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-210 on 2002-08-06.
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