Establishment
There is established in the Treasury of the United States a trust fund to be known as the Trade Enforcement Trust Fund (in this section referred to as the “Trust Fund”), consisting of amounts transferred to the Trust Fund under subsection (b) and any amounts that may be credited to the Trust Fund under subsection (c).
Transfer of amounts
In general
The Secretary of the Treasury shall transfer to the Trust Fund, from the general fund of the Treasury, for each fiscal year that begins on or after , through fiscal year 2026, an amount equal to $15,000,000 (or a lesser amount as required pursuant to paragraph (2)).
Limitation
The total amount in the Trust Fund at any time may not exceed $30,000,000.
Frequency of transfers
The Secretary shall transfer amounts required to be transferred to the Trust Fund under paragraph (1) not less frequently than quarterly from the general fund of the Treasury to the Trust Fund in a manner that ensures that the total amount in the Trust Fund at the end of the quarter does not exceed the limitation established under paragraph (2).
Investment of amounts
Investment of amounts
The Secretary shall invest such portion of the Trust Fund as is not required to meet current withdrawals in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Interest and proceeds
The interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund.
Availability of amounts from Trust Fund
In general
Limitation
Amounts made available in the Trust Fund may not be used to offset costs of conducting negotiations for any free trade agreement to be entered into on or after , but may be used to support implementation and capacity building prior to entry into force of a free trade agreement.
Report
Not later than 18 months after the entry into force of any free trade agreement entered into after , the United States Trade Representative, in consultation with the Federal agencies represented on the TPC, shall submit to Congress a report on the actions taken under subsection (d) in connection with that agreement.
Comptroller General study
In general
Report
Not later than one year after , the Comptroller General shall submit to Congress a report on the results of the study conducted under paragraph (1).
Definitions
Trade Policy Committee; TPC
section 1872 of this titleThe terms “Trade Policy Committee” and “TPC” mean the interagency organization established under .
WTO
The term “WTO” means the World Trade Organization.
WTO agreement
section 3501(9) of this titleThe term “WTO Agreement” has the meaning given that term in .
WTO agreements
The term “WTO Agreements” means the WTO Agreement and agreements annexed to that Agreement.