RELIEF FROM INJURY CAUSED BY IMPORT COMPETITION.

SEC. 502. RELIEF FROM INJURY CAUSED BY IMPORT COMPETITION. (a) Clerical Amendment.—Subtitle A of title III of this Act is amended in the subtitle heading by striking “[reserved]”. (b) Article Impact in Import Relief Cases.—Section 311 of the North American Free Trade Agreement Implementation Act (19 U.S.C. 3371) is— (1) transferred to subtitle A of title III of this Act; (2) inserted after the heading (as amended by subsection (a)) of such subtitle; (3) [19 U.S.C. 4551] redesignated as section 301; and (4) amended— (A) in the section heading, by striking “nafta” and inserting “usmca”; (B) in subsection (c), by striking “section 312(a)” and inserting “section 302(a)”; and (C) by striking “NAFTA” each place it appears and inserting “USMCA”. (c) Presidential Action Regarding Imports.—Section 312 of the North American Free Trade Agreement Implementation Act (19 U.S.C. 3372) is— (1) transferred to subtitle A of title III of this Act; (2) inserted after section 301 (as inserted and redesignated by subsection (b)); (3) [19 U.S.C. 4552] redesignated as section 302; and (4) amended— (A) in the section heading, by striking “nafta” and inserting “usmca”; (B) in subsection (b), in the subsection heading, by striking “NAFTA” and inserting “USMCA”; (C) in subsection (c), in the subsection heading, by striking “NAFTA” and inserting “USMCA”; and (D) by striking “NAFTA” each place it appears and inserting “USMCA”. (d) Additional Clerical Amendments.—The table of contents for this Act is amended by striking the item relating to subtitle A of title III and inserting the following: “Subtitle A—Relief From Injury Caused by Import Competition “Sec. 301. USMCA article impact in import relief cases under the Trade Act of 1974. “Sec. 302. Presidential action regarding USMCA imports.” . (e) [19 U.S.C. 4551 note] Effective Date.— (1) In general.—Each transfer, redesignation, and amendment made by this section shall— (A) take effect on the date on which the USMCA enters into force; and (B) apply with respect to an investigation under chapter 1 of title II of the Trade Act of 1974 (19 U.S.C. 2251 et seq.) initiated on or after that date. (2) Transition from nafta.—In the case of an investigation under chapter 1 of title II of the Trade Act of 1974 initiated before the date on which the USMCA enters into force— (A) the transfers, redesignations, and amendments made by this section shall not apply with respect to the investigation; and (B) sections 311 and 312 of the North American Free Trade Agreement Implementation Act (19 U.S.C. 3371 and 3372), as in effect on the day before that date, shall continue to apply on and after that date with respect to the investigation.