156

(A) Headnote 4 to subpart E of part 3 of

schedule 6.

(B) Headnote 1 to subpart B of part 11 of

schedule 7.

(C) Headnote 2 to part 1 of schedule 8.

(D) Headnotes 2(a), 2(c), and 3(a) to subpart

B of part 1 of schedule 8.

(c) OTHER LAWS.

(1) TRADE ACT OF 1974.-Section 601(4) of the

Trade Act of 1974 (19 U.S.C. 2481(4)) is amended by

striking out "(19 U.S.C. sec. 1401a or 1402)” and inserting in lieu thereof "(as in effect before the effective

date of the amendments made by title II of the Trade Agreements Act of 1979) or in section 402 of such Act

of 1930 (as in effect on the effective date of such title II amendments) whichever is”.

(2) INTERNAL REVENUE CODE OF 1954.-Paragraph (1) of section 993(c) of the Internal Revenue

Code of 1954 is amended by striking out "402a of the

Tariff Act of 1930 (19 U.S.C. sec. 1401a or 1402)"

and inserting in lieu thereof "of the Tariff Act of 1930

(19 U.S.C. 1401a)".

157

1 SEC. 203. PRESIDENTIAL REPORT ON OPERATION OF THE

3 As soon as practicable after the close of the 2-year 4 period beginning on the date on which the amendments made 5 by this title (other than section 223(b), relating to certain 6 rubber footwear) take effect, the President shall prepare and 7 submit to Congress a report containing an evaluation of the 8 operation of the Agreement on Implementation of Article 9 VII of the General Agreement on Tariffs and Trade ap10 proved under section 2(a) (hereinafter in this subtitle referred 11 to as the "Agreement"), both domestically and international12 ly, during that period.

13 SEC. 204. TRANSITION TO VALUATION STANDARDS UNDER

THIS TITLE.

(a) EFFECTIVE DATE OF AMENDMENTS.

(1) IN GENERAL.-Except as provided in paragraph (2), the amendments made by this title (except the amendments made by section 223(b)) shall take effect on

(A) January 1, 1981, if the Agreement enters into force with respect to the United States

by that date; or

(B) if subparagraph (A) does not apply, that date after January 1, 1981, on which the Agree

ment enters into such force;

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

158

and shall apply with respect to merchandise that is exported to the United States on or after whichever of such dates applies.

(2) Earlier EFFECTIVE DATE UNDER CERTAIN CIRCUMSTANCES.-If the President determines before January 1, 1981, that—

(A) the European Economic Community has accepted the obligations of the Agreement with respect to the United States; and

(B) each of the member states of the European Economic Community has implemented the Agreement under its laws;

the President shall by proclamation announce such determination and the amendments made by this title (except the amendments made by section 223(b)) shall take effect on the date specified in the proclamation

(but not before July 1, 1980) and shall apply with re

spect to merchandise that is exported to the United States on or after such date; except that unless the Agreement enters into force with respect to the United States by January 1, 1981, all provisions of law that were amended by such amendments are revived (as in

effect on the day before such amendments took effect)

on January 1, 1981, and such provisions

1

2

3

4

5

6

7

བ

8

9

10

11

12

159

(i) shall remain in effect until the date on which the Agreement enters into force with respect to the United States (and on such date the

amendments made by this title (except the amend

ments made by section 223(b)) are revived and shall apply with respect to merchandise exported

to the United States on or after such date); and

(ii) shall apply with respect to merchandise exported to the United States on or after January

1, 1981, and before the date on which the Agreement enters into such force.

(b) APPLICATION OF OLD LAW VALUATION STAND13 ARDS. For purposes of the administration of the customs 14 laws, all merchandise (other than merchandise to which sub15 sections (a) and (c) apply) shall be appraised on the same 16 basis, and in the same manner, as if the amendments made 17 by this title had not been enacted.

18

(c) SPECIAL TREATMENT FOR CERTAIN RUBBER 19 FOOTWEAR.-The amendments made by section 223(b) shall 20 take effect July 1, 1981, or, if later, the date on which the 21 Agreement enters into force with respect to the United 22 States, and shall apply, together with the other amendments 23 made by this title, to rubber footwear exported to the United 24 States on or after such date. For purposes of the administra25 tion of the customs laws, all rubber footwear (other than

160

1 rubber footwear to which the preceding sentence applies) 2 shall be appraised on the same basis, and in the same 3 manner, as if the amendments made by this title had not been 4 enacted.

5 (d) DEFINITION.-For purposes of this section, the term 6 "rubber footwear" means articles described in item 700.60 of 7 the Tariff Schedules of the United States (as in effect on the 8 day before the day on which the amendments made by sec9 tion 223(b) take effect).

10

11

Subtitle B-Final List and American Selling

Price Rate Conversions

12 SEC. 221. AMENDMENT OF TARIFF SCHEDULES.

13

Whenever in this subtitle an amendment or repeal is

14 expressed in terms of an amendment to, or repeal of, a sched15 ule or other provision, the reference shall be considered to be 16 made to a schedule or other provision of the Tariff Schedules 17 of the United States (19 U.S.C. 1202).

18 SEC. 222. FINAL LIST RATE CONVERSIONS.

19

(a) BALL AND ROLLER BEARINGS.-Schedule 6, part

20 4, subpart J is amended—

21

22

(1) by striking out items 680.35 and 680.36 and