Speech #980064391

I wish to assure my colleagues that the Committee on Finance will examine closely the continuing validity of provisions in various trade laws that are comparable to the oneHouse veto struck down in Chadha. Over the years. the Congress has delegated to the President broad authority to negotiate trade agreements and to proclaim import restraints. pursuant to certain standards and subject in some cases to subsequent legislative override. Examples include the JacksonVanik amendment. under which the President extends mostfavorednation status to Communist countries if certain emigration practices are observed. and title II of the 1974 Trade Act. pursuant to which United States Industries may obtain temporary relief from injurious surges of imports. These trade laws and others like them embody a fine balancing of interests in increased trade and the protection of U.S. firms and workers. I know that Senator DANFORTH. chairman of the Subcommittee on International Trade. and other members are vitally interested in seeking to maintain the congressional purposes with regard to these laws through some mechanism. if not the legislative veto.