AMENDMENTS TO THE NATIONAL TRADE ESTIMATES.

SEC. 1304. AMENDMENTS TO THE NATIONAL TRADE ESTIMATES. (a) In General.— Section 181 of the Trade Act of 1974 (19 U.S.C. 2241) is amended— (1) by striking out “Not later than the date on which the initial report is required under subsection (b)(1),” in subsection (a)(1) and inserting in lieu thereof “For calendar year 1988, and for each succeeding calendar year,”, (2) by inserting of each foreign country” after “or practices” in subsection (a)(1)(A), (3) by striking out “and” at the end of subsection (a)(1)(A)(ii), (4) by striking out the period at the end of subsection (a)(1)(B) and inserting in lieu thereof “; and”, (5) by adding at the end of subsection (a)(1) the following new subparagraph: “(C) make an estimate, if feasible, of— “(i) the value of additional goods and services of the United States, and “(ii) the value of additional foreign direct investment by United States persons, that would have been exported to, or invested in, each foreign country during such calendar year if each of such acts, policies, and practices of such country did not exist.”, (6) by striking out “and” at the end of subsection (a)(2)(C), 102 STAT. 1182 (7) by striking out the period at the end of subsection (a)(2)(D) and inserting in lieu thereof “; and”, (8) by adding at the end of subsection (a)(2) the following new subparagraph: “(E) the actual increase in— “(i) the value of goods and services of the United States exported to, and “(ii) the value of foreign direct investment made in, the foreign country during the calendar year for which the estimate under paragraph (1)(C) is made.”, (9) by inserting “and with the assistance of the interagency advisory committee established under section 141(d)(2),” after “Trade Expansion Act of 1962,” in subsection (a)(1), and (10) by striking out “ACTIONS CONCERNING” in the section heading and inserting in lieu thereof “ESTIMATES OF”. (b) Submission of Report.— Paragraph (1) of section 181(b) of the Trade Act of 1974 (19 U.S.C. 2241(b)(1)) is amended to read as follows: “(1) On or before April 30, 1989, and on or before March 31 of each succeeding calendar year, the Trade Representative shall submit a report on the analysis and estimates made under subsection (a) for the calendar year preceding such calendar year (which shall be known as the ‘National Trade Estimate’) to the President, the Committee on Finance of the Senate, and appropriate committees of the House of Representatives.”.