PUBLIC LAW 101-549—NOV. 15, 1990 104 STAT. 2691 (4) mechanisms should be sought through which the United States and its trading partners can agree to eliminate or reduce competitive disadvantages, (b) ACTION BY THE PRESIDENT. — (1) IN GENERAL. —Within 18 months after the date of the Reports, enactment of the Clean Air Act Amendments of 1990, the President shall submit to the Congress a report— (A) identifying and evaluating the economic effects of— (i) the significant air quality standards and controls required under this Act, and (ii) the differences between the significant standards and controls required under this Act and similar standards and controls adopted and enforced by the major trading partners of the United States, on the international competitiveness of United States manufacturers; and (B) containing a strategy for addressing such economic effects through trade consultations and negotiations. (2) ADDITIONAL REPORTING REQUIREMENTS. — (A) The evaluation required under paragraph (I)(A) shall examine the extent to which the significant air quality standards and controls required under this Act are comparable to existing internationaly-agreed norms. (B) The strategy required to be developed under paragraph (I)(B) shall include recommended options (such as the harmonization of standards and trade adjustment measures) for reducing or eliminating competitive disadvantages caused by differences in standards and controls between the United States and each of its major trading partners. (3) PUBLIC COMMENT.— Interested parties shall be given an opportunity to submit comments regarding the evaluations and strategy required in the report under paragraph (1). The President shall take any such comment into account in preparing the report. (4) INTERIM REPORT.—Within 9 months after the date of the enactment of the Clean Air Act Amendments of 1990, the President shall submit to the Congress an interim report on the progress being made in complying with paragraph (1). SEC. 812. ANALYSES OF COSTS AND BENEFITS. (a) ECONOMIC IMPACT ANALYSES.— Section 312 of the Clean Air Act 42 USC 7615 is amended to read as follows: "SEC. 312. ECONOMIC IMPACT ANALYSES. (a) The Administrator, in consultation with the Secretary of Commerce, the Secretary of Labor, and the Council on Clean Air Compliance Analysis (as established under subsection (f) of this section), shall conduct a comprehensive analysis of the impact of this Act on the public health, economy, and environment of the United States. In performing such analysis, the Administrator should consider the costs, benefits and other effects associated with compliance with each stauidard issued for— "(1) a criteria air pollutant subject to a standard issued under section 109; "(2) a hazardous air pollutant listed under section 112, including any technology-based standard and any risk-based standard for such pollutant;
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