RULES OF ORIGIN FOR PRODUCTS OF BENEFICIARY COUNTRIES.

SEC. 223. RULES OF ORIGIN FOR PRODUCTS OF BENEFICIARY COUNTRIES. (a) ITC Investigation.— (1) The United States International Trade Commission shall immediately undertake, pursuant to section 332(g) of the Tariff Act of 1930, an investigation for the purpose of assessing whether revised rules of origin for products of countries designated as beneficiary countries under the Caribbean Basin Economic Recovery Act are appropriate. If the Commission makes an affirmative assessment, it shall develop recommended revised rules of origin. (2) The Commission shall submit a report on the results of the investigation under paragraph (1), together with the text of recommended rules, if any, to the President and the Congress no later than 9 months after the date of the enactment of this Act. (b) Legislative Recommendations.— If the President considers that the implementation of revised rules of origin for products of beneficiary countries would be appropriate, the President shall transmit to the Congress suggested legislation containing such rules of origin. In formulating such suggested legislation, the President shall— (1) take into account the report and recommended rules submitted under subsection (a); and (2) obtain the advice of— (A) the appropriate advisory committees established under section 135 of the Trade Act of 1974, (B) the governments of the beneficiary countries, (C) the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate, and (D) other interested parties.